Tesla-Aktie steigt nach Ankündigung und Warren Buffetts Haus (Top Media Extended)

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Tesla is rallying after announcing it's exploring a factory in China (TSLA)

Shares of Tesla are popping, up more than 2%, after the company announced it is exploring a car factory in China.Rumors have been circulating ever since Musk visited the country and met with high-ranking officials at the end of April, but the news was confirmed Thursday afternoon. Tesla shares jumped shortly after the confirmation.The company had previously announced plans to increase car production to 500,000 vehicles a year. That's something a Chinese plant would help accomplish."Tesla is deeply committed to the Chinese market, and we continue to evaluate potential manufacturing sites around the globe to serve the local markets," the company said in an emailed statement to The Verge.Shares of Tesla are up 79.2% this year and are currently trading at $384.53.Click here to watch Tesla's stock price in real time... SEE ALSO: UBS: Oracle jumps 10% after earnings — and the gains won't stop thereJoin the conversation about this story » NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy

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Warren Buffett lives in a modest house that's worth .001% of his total wealth — here's what it looks like

Located in a quiet neighborhood of Omaha, Nebraska lies the home of billionaire Warren Buffett. He bought the house for $31,500 in 1958 or about $250,000 in today's dollars. It's now worth an estimated $652,619. He calls it the "third-best investment he's ever made." Join the conversation about this story »

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