Report: Tesla (NASDAQ: TSLA) Might Be Expanding Its Gigafactory

Electric automaker Tesla Inc (NASDAQ: TSLA) is reportedly looking to expand its China-based Gigafactory 3 facility, according to Electrek. Tesla's Gigafactory 3 in Shanghai will likely play a bigger than previously expected manufacturing role amid ongoing China-U.S. trade tensions, Electrek reported Monday. If Tesla manufactures components in the facility for production in China, it will avoid import tariffs in the largest global auto market. Read more: https://bit.ly/2kpp08g