Shanghai Government Says Tesla Talks On Track Despite Musk Outburst

[Pavel + 384]

Talks between Telsa Inc and Shanghai authorities over building a local manufacturing plant remain on track, easing concerns of a breakdown in negotiations after the electric carmaker’s chief criticized Chinese trade rules last week.Tesla’s Chief Executive Elon Musk had fired off a series of posts against an unequal playing field in China, which limits foreign ownership of Chinese ventures and imposes steep tariffs on imported cars. It seems to me that the Chinese are playing with Tesla?

[franco + 96]

China places a high “luxury tax” on Tesla to also keep them from being successful there. Very similar to new U.S. approach on world market.