Tesla incorporation close to agreement with china to produce electric cars

Vastavam web:Tesla Inc is close to an agreement to produce its electric cars in China for the first time and gain better access to the world’s largest auto market, Bloomberg reported, citing people familiar with the matter.The electric carmaker, whose revenue from China tripled to more than $1 billion last year, would need to set up a joint venture with at least one local partner under existing rules, Bloomberg reported.