Tesla's Musk Is Said to Visit Beijing, Shanghai

Tesla is planning a signing ceremony in Shanghai and a visit to Beijing, aiming to establish a production facility for batteries and vehicles. Despite past ownership disputes with the Shanghai government, progress seems to be made. Tesla has also initiated an R&D facility in Shanghai, a step towards production. However, tariffs have increased Tesla car prices in China by 40%, pressuring the company to move production locally.

What is Tesla expected to do in Shanghai according to the text?

What are the expected outcomes of the agreement Tesla is pursuing in China?

What challenges has Tesla faced with the Shanghai government?

What is the significance of the R&D facility mentioned in the text?

How have tariffs affected Tesla's pricing strategy in China?