Elon Musk breaks ground at new high-tech Tesla factory in China

Tesla Inc broke ground on Monday at its Shanghai “Gigafactory“ where it plans to begin making its Model 3 electric vehicles (EV) by year-end, a first step in localising production in the world’s largest auto market. At a ceremony at the site of the plant on the outskirts of Shanghai, Chief Executive Elon Musk joined the city’s mayor and other local government officials to formally begin construction of a factory that Tesla has said will cost around $2 billion. The so-called Gigafactory is China’s first wh