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Tesla Exits China – Tesla, Inc. (NASDAQ: TSLA)



Tesla (NASDAQ: TSLA), which is poised to open its $ 2B Shanghai facility, moves away from the approach CEO Elon Musk announced in March, when it said the EV maker would cut costs and shut down many of its stores all over the world.

According to Reuters documents, the company plans to double its service centers to 63 from 29, increase fast charging stations by 39% to 362, and convert some of its showrooms to "Tesla centers."

The country appears to be another scheme, with Tesla China also offering racing events and parties despite Musk's open disdain for marketing.

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