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Musk's China jaunt keeps underwhelming status quo [Reuters]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
NEW YORK, April 30 (Reuters Breakingviews) - Elon Musk has won some breathing room. The boss of electric automaker Tesla's to Chinese premier Li Qiang may pave the way for its assisted-driving technology to roll out in the country. Tesla's stock soared as a result, adding $82 billion to its market value on Monday. That's out of proportion to even optimistic possible financial benefits. Still, any sign that Musk may not be marginalized in the market he helped build is welcome. Tesla has been wanting for sunny headlines. Between the first and last quarters of 2023, the company's market share in China from 10.5% to 6.7%. That mirrors what's happened elsewhere, but China is particularly crucial: It is Earth's largest market, responsible for a fifth of Tesla's sales. And the company's Shanghai plant exports cars worldwide. Wedbush analysts think that production there accounts for a substantial portion of the $580 billion company's earnings. So China has been good to Musk – even settin
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