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As I understand it, Tesla is building a factory in Shanghai because there's a massive market for Teslas in China, not because of tariffs. In fact, the original
by DiogenesKynikos 7y ago
As I understand it, Tesla is building a factory in Shanghai because there's a massive market for Teslas in China, not because of tariffs. In fact, the original plan was to build the factory without a local partner, which would have meant that Tesla would have had to pay tariffs anyways. But after Tesla's decision, the Chinese government lifted joint-venture requirements in the auto industry, so Tesla won't have to pay tariffs after all.