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Tesla signed an agreement with the Beijing authorities for the construction of a Shanghai factory called "Gigafactory" – the first manufacturer outside the United States, announced Wednesday the American company of electric cars. American intends to produce 500,000 vehicles in the first five years of the inauguration of the factory, an event that will take place in the near future. China's manufacturing plant will have no impact on US manufacturing activities, according to Tesla.
The announcement comes after the maker of electric cars has raised prices for some models by about 20% in China, according to news reports this week. On Friday, the United States and China, the world's two largest economies, introduced tariffs for $ 34 billion worth of imports, accusing Washington of unleashing the worst trade war in history [19659002] 'First Gigafactory outside the United States will be in Shanghai. It will be a modern unit and a model of sustainability. We hope to finish very quickly, "said Elon Musk, the director of the American automaker
. The company announced quarterly losses of nearly $ 710 million in the first quarter of 2018, more than double the same period . In 2017, Growing Fears of Financial Viability
Last month, Elon Musk announced that he was going to lay off 9% of Tesla employees as investors pushed for more profits and reduced costs
are the largest layoffs of Tesla in 15 years and they come at a time when the company is trying to reach its production targets for the Model 3 sedan. Last year, Tesla had 37,543 employees, more than 12 times a lot more than five years ago.
In May, Musk informed employees that the company would go through a reorganization process to resolve the issues. after the departure of leading specialists and recent accidents involving his electric cars
Success Model 3, which would have a range of up to 220 miles (350 kilometers) in one Billing and starting price of $ 35,000 , less than half of the previous models, are considered a crucial factor for Tesla to finally become a profitable business. However, production delays have slowed down the number of cars delivered to customers, which means that Model 3 sales have virtually no effect on Tesla's accounting results
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