Musk Says Tesla Could Eventually Build Other Factories in China
- China’s large geography might make second site worth it: Musk
- Tesla Shanghai plant may build 1 million cars a year long term
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Elon Musk signaled Tesla Inc., which is striving to complete construction of its first car plant in China, could eventually have more production facilities in the country given the market’s scale.
“China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs,” Musk told investors at Tesla’s annual shareholder meeting in Mountain View, California, on Tuesday. “The faster you scale, the more cash you have.”