U. S. electric-car maker Tesla Inc has reached a preliminary agreement with Shanghai to explore production in the Chinese city, Bloomberg reported on Thursday, citing people familiar with the matter. (bloom.bg/2twAd6z)
Tesla’s revenue from China more than tripled to over $1 billion last year, according to its annual report.
The company did not immediately respond to a request for comment.
Tesla’s shares were slightly higher at $378.50 in premarket trading.
(Reporting by Narottam Medhora in Bengaluru; Editing by Sai Sachin Ravikumar)
