News Snapshot:
Tesla ( TSLA ) - Get Tesla Inc Report plans to invest up to $188 million to expand production capacity at its Shanghai factory in upgrades that could employ 4,000 more people at the facility. The plans for expansion were reported by state-media Beijing Daily, which cited a Shanghai government platform for companies' environmental information disclosures. Reuters also viewed the government platform, but says the investment amount was removed by the time it accessed the document. Tesla's Shanghai factory as its currently configured is designed to produce up to 500,000 cars a year with its 15,000 employees. Model 3s made...
