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Tesla breaks ground on new China factory

By John-Paul Ford Rojas, business reporter
Elon Musk has attended the ground-breaking ceremony for a $2bn (?1.6bn) Tesla factory in Shanghai that is expected to begin producing electric cars by the end of the year.
Gigafactory 3 will be China's first wholly foreign-owned car plant and should allow Tesla to minimise the impact of the trade war which has seen Beijing impose big tariffs on US car imports.
It came as US and Chinese officials began talks aimed at overcoming the bruising dispute between the world's two biggest economies that has rattled markets and fuelled fears of a global slowdown.
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