News Snapshot:
Spencer Platt/Getty Images Tesla is planning to export vehicles from China to Europe, according to multiple reports . That is good news for margins and signals that electric vehicle demand continues to recover from pandemic lows. Tesla’s (ticker: TSLA) Shanghai manufacturing operation opened around the end of 2019 . It was the company’s second full-vehicle assembly facility, after Fremont, California , and has helped boost automotive gross profit margins for the EV pioneer. Tesla didn’t immediately respond to a request for comment. Gross profit margins are affected by many things including battery costs, vehicle pricing and shipping charges. Part of...
