Tesla Inc was added to a government list of approved automotive manufacturers, China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.This means "the green light is fully given to Tesla for production in China," said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight.
Reuters reported earlier this month that Tesla plans to start production at its China factory this month. It is unclear when it will meet year-end production targets because of uncertainties around orders, labor and suppliers.
Opening a plant in China may backfire if any proprietary technology is lost or poached by the locals. Not sure this is in the best interests of Tesla or it's stockholders. Surely, tax breaks and reduced labor costs can be had in the Caribbean or Mexico.
I hear Lebron James is open to spokesman opportunities
Tesla
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