Teslas Chinese factory just delivered its first cars

Tesla has delivered the first cars produced by its Chinese Gigafactory, just under a year after the company broke ground on its first factory located outside of the US. Reuters reports that the Model 3 vehicles were delivered to 15 of Tesla’s employees as part of a ceremony. The deliveries were made well within schedule by the company, which had previously said it wanted to begin delivering its Chinese-made cars before the Lunar New Year on January 25th. The locally-produced cars already offer a large price saving over imported models, and a Bloomberg report recently said the company could lower prices further as it cuts costs and uses more locally-sourced components.

The deliveries mark an important milestone for Tesla, which hopes to...

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