Elon Musk says first facility outside the US will build 500,000 cars a year

Tesla is to open a new electric car production plant in Shanghai, its first outside the US, chief executive Elon Musk said from the city on Tuesday.

The new auto plant is slated to produce 500,000 cars a year, taking Tesla’s total global manufacturing capacity to 1m vehicles a year. Most automotive factories are tooled to produce 200,000 to 300,000 vehicles a year.

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