08 January, 2019

Elon Musk (Tesla) lays the foundations for a new manufacturing site in China

Telsa boss, Elon Musk, has laid the foundations for a new car manufacturing site in China, the companies first plant outside the United States.

The new site is set to produce the Tesla Model 3 and Model Y, with the Model 3 being the affordable mass market vehicle and the Model Y concentrating on the greater China Region. 

The site is believed to cost $5bn (£4bn) and production of the Model 3 is expected to start before the year is out.

Read the full story at https://www.bbc.co.uk/news/business-46779179