Tesla has signed a leasing contract with Shanghai Waigaoqiao Free Trade Zone Group to open a massive sales and service center in an industrial park in the city, its biggest one in China, the government-owned company said, according to Reuters. The Tesla store, with a size of 8,000 square meters, or 861,000 square feet, will open in mid-2024 in Xin Park, under development in Shanghai’s Pudong district, according to a statement on the Chinese company’s official Wechat account on Saturday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TSLA:
- Tesla’s (NASDAQ:TSLA) China EV Sales Fall in September; BYD Shines
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Sefcovic tells FT that EU to interpret ‘made in Europe’ EV rules loosely in 2024
- Treasury lays out rules for immediate rebate on EV purchase, Politico reports
- The SEC Will Get Word out of Elon Musk One Way or Another