Tesla Revamps Asia Operations

Tesla has restructured its Asia division to focus on Greater China, emphasizing the importance of the region as its second-largest market. The Gigafactory in Shanghai is a strategic move to mitigate trade war tariffs by enabling local production. Despite missing analyst estimates, Tesla aims to start producing Model 3s in China by year-end, which could positively influence market perception. However, the reorganization alone may not sway Tesla's critics.

What did Elon Musk say about the production of Model 3s in China?

What is Tesla's ultimate goal regarding local production?