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Tesla's China factory could make or break electric car company

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Tesla's China factory could make or break electric car company

Electric vehicle producer Tesla Inc. says it will build its first factory outside the United States in Shanghai. The step is logical for a young company that looks to China as its No. 2 market. But Tesla faces growing competition from Chinese and foreign brands that are developing dozens of electric models. And its announcement said nothing about how it will pay for the venture. Here are five things to know about Tesla's China plans: Why now? The Tesla announcement comes amid an increasingly bitter U.S.-Chinese tariff battle. But the Palo Alto, California-based company has been talking with the Shanghai city government since last year about a possible factory.  The timing appears to be driven