Tesla develops plan to make 3,000 Model 3s per week in Shanghai to cut tariff impact

November 2, 2018 1:10 PM

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(Reuters) - Tesla Inc (TSLA.O) said on Friday that it is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3 to reduce the impact of tariffs.

The company also said here in a filing that Model S and Model X sales in China have been, and will likely continue to be, hurt by recently increased tariffs imposed by the Chinese government on U.S.-manufactured vehicles.

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