{"id":6051,"date":"2019-01-07T09:25:59","date_gmt":"2019-01-07T09:25:59","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/elon-musk-breaks-ground-on-first-tesla-factory-outside-us\/"},"modified":"2019-01-07T09:25:59","modified_gmt":"2019-01-07T09:25:59","slug":"elon-musk-breaks-ground-on-first-tesla-factory-outside-us","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/elon-musk-breaks-ground-on-first-tesla-factory-outside-us\/","title":{"rendered":"Elon Musk breaks ground on first Tesla factory outside US"},"content":{"rendered":"\n
\n
<\/p>\n

\"ElonImage copyright<\/span>
\n Reuters<\/span><\/p>\n

<\/span>

Image caption<\/span>
\n
\n Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Gigafactory groundbreaking ceremony in the city.
\n <\/span>
\n <\/figcaption><\/figure>\n

Tesla boss Elon Musk has broken ground at a new factory in Shanghai, the electric carmaker’s first manufacturing plant outside the US.<\/p>\n

The facility will produce Model 3 and Model Y cars as it pushes to grow its presence in the world’s largest car market. <\/p>\n

The American automaker faces rising competition from local rivals in China. <\/p>\n

But the new factory would help Tesla avoid US tariffs on car imports into the country. <\/p>\n

In a series of tweets on Monday, Mr Musk said plant would build “affordable versions” of the Tesla Model 3 – the carmaker’s mass market vehicle – and its proposed Model Y for the Greater China region. <\/p>\n

He said the so-called Gigafactory – which could cost as much as $5bn (\u00a34bn) according to reports – would start Model 3 production at the end of year.<\/p>\n

“Aiming to finish initial construction this summer, start Model 3 production end of year [and] reach high volume production next year” the entrepreneur tweeted. <\/p>\n