Biz Break: Tesla Motors expands in China, hits new stock high
Posted: 08/29/2014 02:10:02 PM PDT Updated: 08/29/2014 02:47:24 PM PDT Today: Tesla Motors signs a deal to build more than 400 new charging stations in China, and the company's stock makes another record-breaking drive. Also: Apple hits more new records despite reports that wearable offering won't appear until 2015. The Lead: Tesla plans charging expansion in China Tesla Motors announced a deal Friday with a wireless carrier that will nearly triple its number of charging stations in China, the world's largest auto market, and investors responded by again sending the Palo Alto electric-car maker's stock to record highs. Tesla will install 400 charging stations across 120 cities as well as 20 of its supercharger stations, all at China Unicom retail outlets, Tesla spokeswoman Lis Jarvis-Shean confirmed in an email Friday. 'We have been working with China Unicom already -- China Unicom is our in-car 3G connectivity service provider of Tesla -- so we are deepening our c...