Tesla has plans to drastically increase its production output in China with plans to start work on a new production facility in Shanghai as early as next month, two people familiar with the matter have told Reuters . The news organisation reports that once the new plant is fully operational, the company will have the capacity to produce up to 2 million cars per year in China , the company ’s main export hub that is home to production of the Model 3 sedan and Model Y SUV . The new plant will be located in the vicinity of its…