Liam Denning, Columnist

China Gives Tesla Something It Can Use: a Pitch

The promise of a new factory in a big market could help raise more cash.

April 17, 2018 at 3:40 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

1523979724_GettyImages-95735512 — Photographer: Bloomberg/Bloomberg via Getty Images

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There was a time when news of China lifting restrictions on foreign car-makers would have virtually guaranteed a pop in Tesla Inc.'s stock. Not on Tuesday:

As my colleague Chris Bryant wrote here, electric-vehicle makers such as Tesla will be free to set up shop on their own in China this year, far sooner than producers of traditional passenger vehicles, which must wait until 2022.