Tesla new plant in China will produce lower-priced versions of the Model 3 as well as the upcoming Model Y. "All Model S/X & higher cost versions of Model 3/Y will still be built in USA for WW market, incl China", he later added, referring to the worldwide market including China. In fact, Elon Musk confirmed plans for the factory in November 2017 on a call with investors.
The Tesla factory, which will be built with an investment of over 50 billion yuan (USD seven billion), is the largest foreign-invested manufacturing project in Shanghai's history, state-run Xinhua news agency reported.
The carmaker, which now imports US-made vehicles to sell in China, is building the plant in an auto market that is set to contract this year for the first time in decades, though so-called new-energy vehicle (NEV) sales have been strong.
Tesla signed an agreement with the Shanghai municipal government in July 2018 to build the factory.
China typically requires foreign automakers to forge joint ventures with domestic firms when establishing manufacturing plants, which means sharing profits and technology with local partners.
"Affordable cars must be made on same continent as customers", Musk wrote in another Twitter post.
United Nations divided over how to react to Congo's election problems
According to the report, only the electoral commission is allowed to announce the victor . An exact new date has not been announced.
Pricier versions of the two cars will still be produced in the United States for global markets including China, he added.
The Shanghai factory would be Tesla's first production line outside the US.
Trade war aside, the carmaker is building the plant in an auto market that likely contracted a year ago for the first time in decades.
Gigafactory 3 was expected to produce around 3,000 Model 3 vehicles a week in the initial phase, ramping up to 500,000 vehicles per year when it became fully operational, Tesla said in a statement.
Electric cars are in high demand in China.
Tesla purchased the land for the Shanghai factory just outside the city for approximately $140 million in October.
Tesla's plans come as China's economy faces a slowdown - something Apple said has contributed to concerns it is going to miss its quarterly revenue target.