China’s announcement Tuesday that it will ease its strict joint-venture rules on foreign auto makers could benefit Tesla Inc. at the same time the Silicon Valley auto maker needs a charge.
Tesla has long sought to manufacture its electric cars in China—its second-biggest market, after the U.S. But it has shied away from conforming with China’s rules requiring a 50-50 joint venture with a local company and the sharing of any profit and technology. So its cars instead are imported from California and subject to a 25% tariff.
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