Musk states reports are ‘False’; Tesla will not export automobiles from China to U.S.

By Michael Elkins

Tesla ( NASDAQ:-RRB- CEO Elon Musk responded “False” to a Reuters story on Twitter today after the report recommended that the business was thinking about exporting its cars and trucks made in China to the United States.

The initial report mentioned 2 individuals acquainted with the circumstance stating that the electrical car giant has actually been studying whether parts made by its China-based providers are certified with regional guidelines in The United States and Canada, and if they are, might deliver China-made Design Y and Design 3 cars and trucks for sale there as quickly as next year.

Among the sources who declined to be called in the report declared that the supposed research study might likewise open a channel for exports to Canada.

Tesla’s Shanghai Gigafactory has the capability to produce 1.1 million electrical automobiles each year after an upgrade previously this year, making it Tesla’s the majority of efficient production center. The Shanghai plant makes Design 3 sedans and Design Y crossovers to offer in China and for export to markets consisting of Europe, Australia, and Southeast Asia.

Up until this point, Tesla’s U.S. method has actually been to construct the cars and trucks it offers in The United States and Canada at its plants in Fremont, California, and Austin, Texas. The California plant produces the Design S, the Design 3 sedans and the Design X and Design Y crossovers. The Texas plant makes the Design Y and will produce Tesla’s upcoming Cybertruck.

Shares of TSLA are down 1.47% in mid-day trading on Friday.