Tesla production factory to appear in Shanghai

Tesla signed an agreement with the Shanghai authorities on the construction of a factory for the production of electric vehicles. According to the statement of Elon Mask, the new Chinese enterprise will be able to produce up to 500 thousand electric cars a year. Construction will begin in 2019, and the final commissioning will take place by 2021.

Since early July, Tesla shares have fallen by more than 11% and continue to fall based on further news. Trading will be available during the American session, from 13:40 to 20:00 GMT.

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