Is it invitable that africa's america's greatest green entrepreneurs end up in china? South African Elon Musk who came to california , pioneeered electric car tesla, futures of batteries, fast trains and space looks like american media and short-term financial-legal soothsayers have exhausted him enough to make china his main future hub
|Tesla's China plan advances|
"Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States, pushing ahead despite mounting U.S.-Chinese trade tensions," the Associated Press reports from Beijing on Wednesday.
Why it matters: The land procurement signals a concrete step toward moving ahead with plans for a major Chinese factory that Tesla announcedwith Shanghai officials in in July.
A little more, via AP: "Tesla said earlier that production in Shanghai would begin two to three years after construction of the factory begins and eventually increase to 500,000 vehicles annually."
The Silicon Valley electric automaker ultimately plans to spend around $2 billion to build the Chinese plant, according to press reports.
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