Tesla meets Model 3 target, bemoans China tariffs

Tesla Motors said Tuesday it was accelerating plans to open a Shanghai factory in light of the ongoing US-China trade fight, saying new tariffs put its vehicles at a disadvantage on the Chinese market. The electric automaker, which has been shaken by CEO Elon Musk's recent antics and legal woes, also announced it had met a key auto production target. The difficult economics make for "a challenging competitive environment, given that China is by far the largest market for electric vehicles," Tesla said in a statement.

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