Elon Musk, the CEO of Tesla, recently landed in Beijing, his first trip to China in the past three years, amid growing rivalry in the market for electric motor vehicles and rumors surrounding Tesla’s future ambitions in the nation.
Elon Musk, the head of Tesla and SpaceX, has arrived in Beijing, according to CNBC. The heightened competition in the market for electric cars and speculations about Tesla’s potential future plans in the country coincide with Musk’s first trip to China in three years.
Musk has been scheduled to meet with senior Chinese officials and tour the Tesla plant in Shanghai, according to reports. The details of his plan, though, remain a mystery. Also unknown are Musk’s meetings with Chinese officials and the topics they will cover.
China’s foreign ministry welcomed Musk’s arrival and said that it welcomes him and other businesspeople who want to further “mutually beneficial cooperation.” The importance of Tesla’s presence in China, the world’s second-largest market after the United States, is highlighted by this.
The Shanghai factory, which acts as the company’s main manufacturing site in Asia, is the subject of the company’s growth plans. Many Tesla watchers are interested in how the firm is doing with its plans to increase output at the factory by 450,000 vehicles each year. In April, Tesla announced that it will build a nearby facility to produce Megapack energy storage devices.
While traveling to China, Musk tweeted on the developments in the Chinese space program, writing, “The Chinese space program is significantly more advanced than the majority of people realize.” At the same time that Chinese scholars are carefully monitoring Musk’s SpaceX and the military applications of its Starlink satellite network, this comment is put forward.
Elon Musk’s intimate links to China, his assertion that “China Rocks” and that America is driven by “complacency along with entitlement,” and his earlier support of the communist nation have all been widely covered by Breitbart News.