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Tesla is gaining around after securing a Shanghai site for its first overseas Gigafactory (TSLA)





Elon Musk

  • Tesla announced Wednesday that it has secured an 860,000 square meter plot of land in Shanghai, China, to build its first overseas Gigafactory.
  • In July, the car maker signed a deal with Shanghai authorities to open a plant in the Chinese city with an annual capacity of 500,000 cars, and said it would raise $2 billion to fund the construction, Reuters reported.
  • Shares are gaining ground on the news, up about 1.5%.
  • Watch Tesla trade in real time here.

Tesla is gaining around early Wednesday after the company announced it has secured a site in Shanghai, China, to build its first read more >>>

Source:: BusinessInsider.Com

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