xi's moments
Home | Motoring

Musk hints Tesla may build more factories in China

chinaplus.cri.cn | Updated: 2019-06-13 13:30

Tesla CEO Elon Musk speaks at the ground breaking ceremony for Tesla's Gigafactory in Shanghai on Jan 7, 2019. [Photo/VCG]

Tesla CEO Elon Musk hinted on Tuesday that his company could build more factories in China, as construction work continues on its factory in Shanghai, according to Bloomberg.

"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

But the Tesla CEO said the company wouldn't be rushing any future expansion. "We can't spend money too fast, you know, we'll run out of it," said Musk.

1 2 Next   >>|
Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349