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9/24, 10:22 PM (Source: TeleTrader)
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Musk: Tesla building 'major' engineering team in China

Tesla Inc. CEO Elon Musk announced on Tuesday that a "major engineering team" is being built in China, focused on original engineering of software or firmware for factory processes and cars.

"Great engineers will only join if original engineering is supported, not just localization," he tweeted.

The carmaker's shares closed 7.34% in the red, lowest since September 25.

Breaking the News / NI