Tesla halts Shanghai land purchase plans amid US-China trade tensions

Tesla halts Shanghai land purchase plans amid US-China trade tensions

A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson

U.S. electric car maker Tesla Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions.

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