Tesla Is Well Positioned for Big Growth in China

Following an event earlier this week in which Tesla (NASDAQ: TSLA) delivered the first China-made Model 3 units to employees in the country, the automaker is now prepared to start delivering the vehicle to Chinese customers. Less than a month before Chinese New Year on Jan. 25, Tesla will celebrate the first deliveries to customers who are not employees at a Jan. 7 event at its new Shanghai factory, Reuters reported this week.

The move highlights how quickly Tesla has moved from factory construction to full-blown vehicle production. Even more, it leaves Tesla well positioned in the world's largest auto market.

CEO Elon Musk at the groundbreaking for Tesla's Gigafactory 3 in China. Image source: Tesla.

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Source Fool.com