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[VIDEO] @Tesla $TSLA Looks to Produce Cars in China $JBZY [related]

Tesla is close to an agreement to produce vehicles in China for the first time, giving the electric-car maker better access to the world's largest auto market, according to people familiar with the matter. Bloomberg's Dana Hull reports on "Bloomberg Daybreak: Asia."

Bloomberg reported that, "Tesla Inc. is close to an agreement to produce vehicles in China for the first time, giving the electric-car maker better access to the world’s largest auto market... The agreement with the city of Shanghai would allow Tesla to build facilities in its Lingang development zone and could come as soon as this week... Tesla would need to set up a joint venture with at least one local partner under existing rules and it isn’t immediately clear who that would be."