Tesla plans to produce cars

According to a Reuters report, musk, Tesla's Chief Executive, said the company is working with the Chinese Government to investigate possibility of locally produced cars in China, and said that local production is likely to be lower prices of vehicles in China one-third. But musk did not disclose which companies will build plants in China.

Tesla, according to data released on Friday showed that in January-September, the company's total sales in the Chinese market this year 3,025 Model s cars, is 2014, three times the volume of the year more than doubled.

Musk said Tesla was working with Chinese Internet company Baidu in GPS navigation and automated driving to cooperate. He also revealed that Tesla in the United States invested $ 5 billion to establish the State of Nevada Super battery plant next year to produce its first batch of batteries, is expected in two or three years time, this plant will achieve full capacity.

Last week United States Model s electric car the magazine consumer reports removed from the recommended list, on the grounds that the models below average reliability. Affected by this, Tesla's stock price plunged, last week fallen to 7.23%.