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Elon Musk Sees a Future in China for Tesla, and It’s Muddy

  • Telsa breaks ground on first car factory outside the U.S.
  • Musk wants to see the first vehicles roll off end of year
Bloomberg business news
Tesla Invests Big in China
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Standing in a vast field of muddy wasteland that wouldn’t look out of place in an apocalyptic movie scene, Elon Musk exuded his usual mix of optimism and self-deprecating humor.

Musk had trekked to these inhospitable outskirts of Shanghai on a rainy Monday to break ground on Tesla Inc.’s first car-production site outside the U.S. And in typical Musk fashion, he was big on promises and can-do attitude, flanked by a phalanx of Chinese officials who are keen backers of Tesla’s beachhead in China, the world’s largest automobile market.