Why China Could Make Or Break Tesla
In January, Tesla started building a Gigafactory in China, the company's first outside of the United States. Elon Musk says that Model 3s will be coming out of China by the end of 2019, but Tesla is known for setting unrealistic goals. The Chinese government provides subsidies for manufacturers who build electric cars, so Tesla will be entering a competitive space. In the video above, Business Insider's senior finance correspondent, Linette Lopez, breaks down what Tesla could lose or gain in China.
In January, Tesla started building a Gigafactory in China, the company's first outside of the United States. Elon Musk says that Model 3s will be coming out of China by the end of 2019, but Tesla is known for setting unrealistic goals. The Chinese government provides subsidies for manufacturers who build electric cars, so Tesla will be entering a competitive space. In the video above, Business Insider's senior finance correspondent, Linette Lopez, breaks down what Tesla could lose or gain in China.