And Musk notably skipped a recent visit to India, underscoring how important China is for Tesla.
AdvertisementElon Musk's two-day trip to Beijing looks like a mutually-beneficial win for Tesla and for China — and a snub for India.
AdvertisementMusk needs China — but China also needs Musk, as a sign that the country is open for business with high-profile US companies.
Musk's visit was going to include an announcement about Tesla entering India, Reuters reported.
AdvertisementMusk's India visit would have been a win for Modi, who is seeking to boost India's status as a manufacturing hub, especially as businesses leave China.
Persons:
Elon Musk, —, Elon Musk's, China —, Premier Li Qiang, That's, Tesla, Dan Ives, Ives, India Musk, Janet Yellen, Antony Blinken, Musk, crackdowns, Bain —, Narendra Modi, Musk's, Modi
Organizations:
Tesla, Service, India, Premier, Baidu, Reuters, EV, FSD, Financial Times, China, Communist Party, Gucci, Apple
Locations:
China, Beijing, India, Shanghai