China now accounts for nearly one-quarter of Tesla revenue

China now accounts for nearly one-quarter of Tesla revenueTesla has been counting on China to maintain its sales momentum, and it seems to be on track with the plan. In the three months ended June 30, the automaker's revenue in China climbed 102.9% year-over-year to $1.4 billion, according to its latest SEC filing. To increase affordability for Chinese consumers, Tesla inked a 50-year lease from the Shanghai government to build a Gigafactory there, which keeps production costs down and allows it to reap local tax benefits and avoid tariffs.




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