Tesla will set up its own factory in China in 2018.

On May 3, Tesla released its first-quarter financial report. The financial report showed that Tesla's first-quarter revenue was 3.409 billion U.S. dollars, up from 2.69.6 billion U.S. dollars in the same period last year. The net loss was US$ 78.5 billion, which was an increase from the net loss of US$ 372 million in the same period last year; Subsequently, Musk said that it will soon announce the location of the Chinese battery factory.

Tesla said it would announce the location of the second super battery plant in China by the fourth quarter of this year, and that future super battery plants will also be able to build cars.

The news of Tesla's entry into China was no accident. In mid-April, media reports said that at a high-end forum organized by the Chinese auto industry, a person in charge revealed that Tesla would set up its own factory in China in 2018.

The source pointed out that "the plan for the opening of the joint stock of automobiles is already under study. The current statement is that it will be announced before the second half of the year. "There is also news that" the plan for the release of stocks will come out at the latest before the National Day, including clear policies and specific adjustments. Because a lot needs to be done by the end of the year. "The person said.

The establishment of a Chinese battery plant is good news for Tesla, but continued losses are not ideal.

According to financial reports, Tesla's revenue in the first quarter was 3.409 billion U.S. dollars, up from 2.69.6 billion U.S. dollars in the same period last year; The net loss was US$ 78.5 billion, which was an increase from the net loss of US$ 372 million in the same period last year; The net loss attributable to common shareholders was $710 million, which is also an increase from the net loss attributable to common shareholders of $330 million in the same period last year.

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