REUTERS/Florence LoWASHINGTON, April 10 (Reuters) - The leader of a U.S. congressional committee on China said on Monday he was concerned about electric carmaker Tesla Inc's (TSLA.O) dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai.
Mike Gallagher, the Republican chair of the House of Representatives' select committee on China's Communist Party, said he would like to know how Tesla's CEO Elon Musk balances U.S. government support for Tesla and its operations in China.
"I'm concerned about this," Gallagher told Reuters when asked about the battery factory.
"Tesla seems entirely dependent, A, on the largesse of the federal government via tax breaks, and B, upon access to the Chinese market," Gallagher said.
Tesla generated $18.15 billion in revenue from China last year, accounting for over one fifth of its total revenue.