AMID INCREASING US-CHINA TENSIONS, TESLA HALTS ITS PLANS TO PURCHASE LAND IN SHANGHAI

Highlights

• It is also being said that Tesla had previously thought of expanding exports of its China-made entry-level Model 3 to more markets including the US

• Sources claim that Tesla was intending to curb the proportion of China output in its global production despite 25 percent tariffs on imported Chinese electric vehicles

• Talking about its Shanghai plant, Tesla in a statement had said that ....