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Hyperloop to start work on $6 billion test track ‘within weeks’ (Wired UK)

SHANGHAI—Luxury electric-car maker Tesla Motors Inc. is in discussions with state and national government officials about producing its $76,000 and up vehicles in China, where the government is vigorously promoting reduced-emissions vehicles. The car maker said it hopes to make a definitive announcement resulting from those discussions soon.

Chief Executive Elon Musk said local production could cut sales prices of Tesla cars in China by a third, thanks to reduced shipping costs and avoidance of import duties. He earlier in 2015 told official Xinhua News Agency that Chinese production could be possible “within three years.”



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