A looming trade war with China hasn't slowed down Elon Musk or Well-Endowed Customer and Young Female Escorthis beloved brainchild Tesla.
Right after the car company was forced to raise the prices of its cars by at least $20,000 each due to China's increased import tariffs on American-made cars, Tesla announced it would open its first international factory in Shanghai.
This will ultimately allow the car manufacturer to circumvent the newly imposed taxes once completed.
Musk was in Shanghai on Tuesday attending a government event — although he did not previously disclose why he was there. Now, it's safe to say that at least part of the reason was that he was announcing this new factory.
SEE ALSO: Elon Musk's muskiest moments of 2018, so farA Tesla spokesperson told Mashable that the deal was signed today, which follows up on the company's talks last year with the Shanghai Municipal Government to possibly establish a factory in the region.
"Today, we have signed a Cooperative Agreement for Tesla to start building Gigafactory 3, a new electric vehicle manufacturing facility in Shanghai," a Tesla spokesperson told Mashable in a statement.
"We expect construction to begin in the near future, after we get all the necessary approvals and permits. From there, it will take roughly two years until we start producing vehicles and then another two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers."
The spokesperson said that the new factory — the largest foreign-invested manufacturing project in Shanghai — will not impact Tesla's manufacturing operations in the United States, which should continue to grow.
"It will be a state-of-the-art vehicle factory and a role model for sustainability," Elon Musk said in the statement released by the Shanghai Municipal People's Government.
"We hope it will be completed very soon. We’ve been impressed by the beauty and energy of Shanghai and we want our factory to add to that."
This new facility will hopefully help Tesla meet its manufacturing goals in the years to come.
Topics Tesla Elon Musk
How to Settle Down with Dystopia
'Selma' creators out 2015 Oscar snub as Black Lives Matter retaliation
Yelp to add tool to make it easier to find black
Trump’s strangest moments overseas: Steak, swords, and one orb to rule them all
Waitin’ on the Student Debt Jubilee
Snapchat CEO's wedding was so secret we can't even find photos on the internet
Trump’s strangest moments overseas: Steak, swords, and one orb to rule them all
'Time' magazine cover spotlights black people who died because of systemic racism
Exceptionally rare radio sources detected in the distant universe
Eight months later, Facebook fulfills promise to label state
Exceptionally rare radio sources detected in the distant universe
Curfews have a disturbing racist history
Dad pranks his son at school in the most embarrassing way possible
Apple to offer no
What cracked the Milky Way's giant cosmic bone? Scientists think they know.
Apple to offer no
IBM pulls its facial recognition software from law enforcement use
Someone found Forest Fenn's million dollar treasure in the Rockies
Exceptionally rare radio sources detected in the distant universe
Someone found Forest Fenn's million dollar treasure in the Rockies
Meditations in an EmergencyNursing the NationPatagonia founder Yvon Chouinard gives away $3 billion company to fight climate changeSpringtime for EmpireEssential Now, Deportable LaterSpace station forced to move to avoid space junk, NASA saysWeekending in an EmergencyA Tale of Two LockdownsDo No HarmThe City That LivedDisposable PeopleWhat Women WantSlicker CitiesHistory UnheededNo Thanks!Keeping the Lights OnGiving Back to ThemselvesNursing the NationCity of RightsMirror on Mirror How productivity influencer Thomas Frank uses Notion to make money How the Grinch Self The Uncertain Future of the American Mall NYT's The Mini crossword answers for November 22 Puerto Rico Sketchbook: There are dead in the fields 'Bob's Burgers' Thanksgiving episodes, ranked Sam Altman is back as OpenAI CEO Football fans are betting on the Gatorade shower color. What color was it? The best Black Friday Sonos speaker deals: save up to 25% on the Era 100, Move, Roam, and more How TikTok became a place for tattletales GoPro Hero 12 Black deal: Get the GoPro Hero 12 Black bundle for $349.99 A Mother’s Ninth Why the Father of Modern Neuroscience Was Obsessed with Fiction On Basquiat, the Black Body, and a Strange Sensation in My Neck Google Meet: Raise your hand in real life, and the new feature will detect it Mark Twain's Get Rihanna's halftime show and intense Philly fans: The 8 best tweets of Super Bowl week The Being of the Sentence John Milton’s Strange Christmas Poem by Ed Simon Best early Black Friday deals: Sales live at Best Buy, Walmart, and Target
2.2926s , 10107.78125 kb
Copyright © 2025 Powered by 【Well-Endowed Customer and Young Female Escort】,Fresh Information Network