Why Beijing Stands to Gain from Elon Musk’s Visit [The New York Times]
Tesla, Inc. (TSLA)
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Source: The New York Times
ImageElon Musk meeting with Premier Li Qiang, China’s second-highest official, on a weekend visit to Beijing that boosted Tesla stock.Credit...Wang Ye/Xinhua, via Associated PressWhy Elon Musk went to ChinaJust days after Secretary of State Antony Blinken traveled to Beijing and warned China about unfair trade practices, Elon Musk landed in the Chinese capital. The Tesla boss’s meeting with China’s No. 2 officialmay have paid off:The split screen again reveals the gap between Western diplomacy and corporate imperatives. TeslahasMusk is betting big on self-driving, and China is key.last week reportedbig layoffsMusk has tried to reassure the market by pushing ahead with a low-cost model. Fully autonomous driving is also crucial. Musk told analysts last week that if investors don’t believe Tesla would “solve” the technological challenge that is autonomous driving, “I think they should not be an investor in the company.”The carmaker faces challenges in its second biggest market.Teslas are
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