Tesla touts Chinese market, wows with surprise profits

Elon Musk extols new Shanghai Gigafactory as 'template for future growth'

20191024 TESLA-CHINA/

Tesla's Shanghai Gigafactory was built in 10 months, which the company said was a record for "any factories of this magnitude in history." © Reuters

YIFAN YU, Nikkei staff writer

TOKYO -- In stark contrast to other U.S. carmakers, Tesla CEO Elon Musk touted China as a platform for future growth as the electric vehicle manufacturer unveiled a surprise return to profits on Thursday that sent its shares soaring.

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