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Elon Musk Doubles Down On China As Car Sales Plummet

Video Credit: Wochit Business
Published on September 24, 2019 - Duration: 00:33s

Elon Musk Doubles Down On China As Car Sales Plummet

The launch of Tesla's first factory in China will likely come at a difficult time for auto companies in the world's largest passenger-vehicle market.

The electric-car maker is building a factory in Shanghai that it expects to begin producing vehicles by the end of this year Having a factory in China will reduce the shipping costs required to send vehicles to Chinese customers, which could allow Tesla to cut prices and attract more customers.

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