Tesla may start making cars in nation by 2020

Electric carmaker Tesla Inc expects to start manufacturing cars in China in about three years, according to CEO Elon Musk.

The billionaire entrepreneur said Tesla is about three years away from starting production in China and will not make any significant capital expenditure until 2019, Bloomberg reported on Thursday.

Musk added that the three-year wait period is a rough estimate. "Don't set your watch by this," he said.