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Tesla buys land for first Chinese factory
News
17th Oct 2018
1 min read

Tesla buys land for first Chinese factory

Tesla has announced the purchase of 860,000 square metres of land from the Shanghai government for a new Gigafactory. The news was revealed on the QQ social network overnight. According to land transaction records dug up by the Yuan Talks website, the plot of land cost 973 million yuan ($199 million). From earlier reports, the new factory has an estimated cost of around US$2 billion, which Tesla intends to raise in Asian debt markets.
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Derek Fung
Tesla Model 3 name announced for 2016 rival to BMW 3 Series
News
16th Jul 2014
3 min read

Tesla Model 3 name announced for 2016 rival to BMW 3 Series

The Tesla Model 3 is the name of the mid-sized luxury sedan designed to electrify a segment led by the BMW 3 Series and Mercedes-Benz C-Class.
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Mike Costello
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