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☆ Advisory firms urge Tesla shareholders to reject Elon Musk’s ‘excessive’ pay package
▼ + stars: | 2024-05-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the package was first approved in 2018. The move to Texas, where Musk also operates SpaceX, was proposed shortly after a Delaware Chancery Court judge sided with Tesla shareholders who challenged the legality of the 2018 pay package. Those shareholders also argued that the directors on Tesla’s board were not truly independent and were too close to Musk to protect shareholders’ interests. The board is putting the same 2018 package up for a revote at Tesla’s annual shareholder meeting on June 13.

Persons: “, — “, Glass Lewis, Tesla, Musk Organizations: New, New York CNN, Elon, Services, Twitter, SpaceX Locations: New York, Texas, Delaware

☆ The Big Number: $6 Billion
▼ + stars: | 2024-05-31 | by ( Santul Nerkar | ) www.nytimes.com time to read: 1 min

Mr. Musk founded xAI last July, and so far, it has released a chatbot, Grok, which can be used on Mr. Musk’s platform, X. In a statement, the company said the investment would go toward developing new products and research and development. Mr. Musk said on X that the company’s valuation was $18 billion, before counting the new money. Mr. Musk has an ambivalent history with A.I. He was a founder of OpenAI but left in 2018 over philosophical differences.

Persons: Musk Organizations: OpenAI

☆ Elon Musk has been getting Trumpier. A direct line to Trump may be next
▼ + stars: | 2024-05-30 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +9 min

CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.

Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, –, Andrew Harnik, ”, Darrell West, ” West, Herika Martinez, —, Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico

Trump and Musk’s growing courtshipFor much of President Biden’s time in the White House, his relations with Elon Musk have been tense. They may be about to plunge to a new low after Biden’s re-election campaign hit out at reports that Donald Trump could make Musk an adviser if the Republican were to win in November. The president’s campaign sees mileage in targeting Trump’s ties to moguls. Musk and Trump met in March at the billionaire investor’s Palm Beach, Fla., estate, where the advisory role discussions took place. Peltz and Musk have also briefed Trump on a plan to invest in a project to prevent the possibility of voter fraud.

Persons: Trump, Biden’s, Elon Musk, Donald Trump, ” James Singer, DealBook, he’s, Musk, David Sacks, Peter Thiel, Steven Mnuchin, Rupert Murdoch, Nelson Peltz, hasn’t, Don Lemon, “ Let’s, ”, Biden, Tesla Organizations: Elon, Republican, Wall Street, Trump, Los Locations: Los Angeles, Palm Beach, Fla

☆ This is the word of the summer on Wall Street
▼ + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.

Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing

☆ Musk’s A.I. Firm Raises $6 Billion in Race With Rivals
▼ + stars: | 2024-05-27 | by ( Jason Karaian | More About Jason Karaian | ) www.nytimes.com time to read: +1 min

Elon Musk’s artificial intelligence company, xAI, said on Sunday that it has raised $6 billion, helping to close the funding gap with OpenAI, Anthropic and other rivals in the red-hot industry. Mr. Musk, who founded xAI in July, said in a social media post the funding round valued the company at $18 billion, not including the new money. Investors included the Silicon Valley heavyweights Andreessen Horowitz and Sequoia Capital, along with Saudi Arabia’s Prince Alwaleed bin Talal. Investors and large tech companies like Google, Meta and Microsoft have poured billions into the businesses developing A.I. systems, which require huge amounts of processing power to generate text, sounds and images.

Persons: Musk, Andreessen Horowitz, Prince Alwaleed bin Talal Organizations: Elon, xAI, Sequoia Capital, Saudi, Investors, Google, Meta, Microsoft

☆ Elon Musk’s xAI firm valued at $24 billion as investors pledge more money
▼ + stars: | 2024-05-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion. Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in a blog post on Sunday. Investors, lured by the potential for AI to revolutionize the way people live and work, have thrown huge sums of money at AI companies in recent years. Microsoft (MSFT) is OpenAI’s biggest stakeholder, with a $13 billion investment in the firm. Last year, Amazon (AMZN) announced it would invest up to $4 billion in Anthropic AI in exchange for partial ownership of the company.

Persons: Elon Musk, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok Organizations: London CNN, Elon, Sequoia Capital, xAI, London . Investors, Microsoft, Google Locations: Silicon, Saudi, OpenAI, Palo Alto, San Francisco, London

☆ Elon Musk Ramps Up Anti-Biden Posts on X
▼ + stars: | 2024-05-24 | by ( Kate Conger | Ryan Mac | ) www.nytimes.com time to read: +1 min

Last month, Elon Musk posted on X that President Biden “obviously barely knows what’s going on.”“He is just a tragic front for a far left political machine,” Mr. Musk wrote. It was the 29th time this year that he had posted about the president on X, formerly known as Twitter, which Mr. Musk bought in 2022. Mr. Musk has steadily ramped up his criticism of Mr. Biden as the campaign season heats up before the November presidential election. In all, Mr. Musk had posted nearly 40 times about Mr. Biden this year, compared with about 30 times for all of last year. And Mr. Musk exerts outsize influence over the political discourse on X, where he regularly posts to his 184 million followers.

Persons: Elon Musk, Biden “, Mr, Musk, Biden, Donald J, Trump Organizations: Mr, New York Times, Republican

☆ What Living in a SpaceX Company Town Tells Us About Elon Musk - The New York Times
▼ + stars: | 2024-05-24 | by ( Christopher Hooks | Mike Osborne | ) www.nytimes.com time to read: +1 min

He woke as if Elon Musk himself had grabbed him by the shoulders. Mr. Musk spent $44 billion of mostly other people’s money to buy Twitter, rebrand it to X and guarantee that he could continue to irritate people on a global scale. For Mr. Rangel, what was figurative for others had become literal: When a tycoon stomps, the earth shakes. Mr. Musk’s company SpaceX had launched a new iteration of its Starship rocket about 25 miles away. But Mr. Rangel still couldn’t go back to sleep.

Persons: Noel Rangel, Elon Musk, Peter Thiel, Donald Trump —, —, Jeff Bezos, Musk, Rangel, stomps, couldn’t Organizations: Twitter, SpaceX Locations: Gulf of Mexico, Brownsville , Texas, West Texas

☆ Russia, in New Push, Increasingly Disrupts Ukraine’s Starlink Service
▼ + stars: | 2024-05-24 | by ( Paul Mozur | Adam Satariano | ) www.nytimes.com time to read: +1 min

Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military since the earliest days of the war with Russia. Without the full service, Ukrainian soldiers said, they couldn’t quickly communicate and share information about the surprise onslaught and resorted to sending text messages. Their experiences were repeated across the new northern front line, according to Ukrainian soldiers, officials and electronics warfare experts. As Russian troops made gains this month near Kharkiv, Ukraine’s second-largest city, they deployed stronger electronic weapons and more sophisticated tools to degrade Starlink service, Ukrainian officials said.

Persons: Elon Musk’s, Starlink Organizations: 92nd Assault Brigade, Elon, Elon Musk’s SpaceX, Mr, SpaceX Locations: Ukrainian, Russia, Kharkiv, Ukraine’s, Ukraine, United States

Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, more drama at OpenAI: The company wanted Scarlett Johansson to be a voice of GPT-4o, she said no … but something got lost in translation. Then we talk with Noland Arbaugh, the first person to get Elon Musk’s Neuralink device implanted in his brain, about how his brain-computer interface has changed his life. And finally, the Times’s Karen Weise reports back from Microsoft’s developer conference, where the big buzz was that the company’s new line of A.I. PCs will record every single thing you do on the device. Guests:Noland Arbaugh, the first Neuralink patientKaren Weise, technology correspondent for The New York TimesAdditional Reading:

Persons: Scarlett Johansson, Noland Arbaugh, Elon Musk’s, Karen Weise Organizations: Apple, Spotify, The New York Times

☆ Despite Setback, Neuralink’s First Brain-Implant Patient Stays Upbeat
▼ + stars: | 2024-05-22 | by ( Christina Jewett | ) www.nytimes.com time to read: +1 min

Just four months ago, Noland Arbaugh had a circle of bone removed from his skull and hair-thin sensor tentacles slipped into his brain. A computer about the size of a small stack of quarters was placed on top and the hole was sealed. Paralyzed below the neck, Mr. Arbaugh is the first patient to take part in the clinical trial of humans testing Elon Musk’s Neuralink device, and his early progress was greeted with excitement. Neuralink’s staff had to retool the system to allow him to regain command of the cursor. Though he needed to learn a new method to click on something, he can still skate the cursor across the screen.

Persons: Noland Arbaugh, Arbaugh, Elon Organizations: Mario Kart

☆ Elon Musk launches Starlink satellite internet service in Indonesia
▼ + stars: | 2024-05-20 | by ( ) edition.cnn.com time to read: +3 min

Denpasar, Indonesia Reuters —Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service for the nation’s health sector on Sunday, aiming to improve access in remote parts of the sprawling archipelago. Musk, wearing a green batik shirt, said the availability of the Starlink service in Indonesia would help millions in far-flung parts of the country to access the internet. Asked about whether he planned to also invest in Indonesia’s electric vehicle industry, Musk said he was focused on Starlink first. Prior to Sunday’s launch, Starlink obtained a permit to operate as an internet service provider for retail consumers and had been given the go-ahead to provide networks, having received a very small aperture terminal (VSAT) permit, Budi Setiadi told Reuters. SpaceX’s Starlink, which owns around 60% of the roughly 7,500 satellites orbiting earth, is dominant in the satellite internet sphere.

Persons: Indonesia Reuters — Elon Musk, Budi Gunadi Sadikin, Musk, ” Starlink, “, ”, Joko Widodo, Budi Arie Setiadi, Starlink, Budi Setiadi, SpaceX’s Organizations: Indonesia Reuters, Indonesian Health, SpaceX, Tesla, Indonesian, . Communications, Reuters Locations: Denpasar, Indonesia, Bali, Aru, Maluku, Southeast Asia, Malaysia, Philippine, Ukraine

☆ Here's how critiquing Elon Musk's pay package cost Charles Elson his consulting gig
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how critiquing Elon Musk's pay package cost Charles Elson his consulting gigCharles Elson, founding director of the Weinberg Center at the University of Delaware, and Larry Hamermesh, Professor Emeritus at Widener University, join ‘Squawk Box’ to discuss Tesla as the company's shareholders prepare to vote on reinstating Elon Musk’s $46 billion pay package.

Persons: Elon, Charles Elson, Larry Hamermesh, Tesla Organizations: Weinberg, University of Delaware, Widener University, Elon Musk’s

☆ Elon Musk’s Neuralink is seeking a second person to test its brain chip
▼ + stars: | 2024-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s brain implant startup Neuralink is accepting applications for a second human trial participant to test its device, the billionaire said on X Friday. Neuralink said that the threads connecting the chip to Arbaugh’s brain had retracted, causing performance issues, although the company said it made adjustments to improve its function. Still, Arbaugh says the implant — which allows him to control a computer cursor with his brain — has changed his life. This is the next step forward of helping people with paralysis.”Now, Neuralink is seeking more people like Arbaugh to test out its brain chip. About a month after the operation, Musk said Arbaugh could control a computer mouse with his brain.

Persons: New York CNN — Elon, Neuralink, Noland Arbaugh, Arbaugh, ” Arbaugh, “, ” Neuralink, Musk, ”, DJ Seo, Noland, – CNN’s Jordan Valinsky Organizations: New, New York CNN, Morning America, Morning Locations: New York, Morning America

The billionaire has shared videos of the Argentine president attacking “social justice” with his 182 million followers. One doctored image, which implied that watching a speech by Mr. Milei was better than having sex, is among Mr. Musk’s most viewed posts ever. Mr. Musk has helped turn the pugnacious libertarian into one of the new faces of the modern right. But offline, he has used the relationship to press for benefits to his other businesses, the electric carmaker Tesla and the rocket company SpaceX. “Elon Musk called me,” Mr. Milei said in a television interview weeks after taking office.

Persons: Javier Milei, Elon Musk, Musk, Milei, Musk’s, Tesla, “ Elon Musk, ” Mr Organizations: South, ”, Argentine, SpaceX Locations: Argentina

☆ Social media platforms race to address AI-generated images ahead of November election
▼ + stars: | 2024-05-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Big Tech is racing to address the stream of A.I.-generated images inundating social media platforms before the machine-crafted renderings further contaminate the information space. TikTok announced on Thursday that it will begin labeling A.I.-generated content. (Notably, Elon Musk’s X has not announced any plans to label A.I.-generated content.) Social media giants have reams of rules prohibiting certain content on their platforms, but history has repeatedly shown that they have often failed to adequately enforce them and allowed malicious content to spread to the masses before taking action. That poor record doesn’t inspire much confidence as A.I.-created images increasingly bombard the information environment — particularly as the U.S. hurtles toward an unprecedented election with democracy itself at stake.

Persons: TikTok, Elon Musk’s, OpenAI, Katy Perry, ”, Perry, ” Perry Organizations: New York CNN, Big Tech, YouTube, Microsoft, Social Locations: New York, Silicon

☆ Protesters attempt to storm Tesla’s factory in Germany
▼ + stars: | 2024-05-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —As many as 800 activists gathered outside Tesla’s factory near Berlin Friday to protest its expansion plans, and some of them clashed with police as they attempted to break into the plant. According to Reuters, some of the protesters attempted to storm the factory. Police officers stand in front of activists protesting against the expansion of the Tesla factory near Berlin, Germany on May 10, 2024. Christian Mang/ReutersTesla shut the factory Friday to all employees in anticipation of crowds gathering outside in protest against the planned expansion. A police officer tries to push back protesters running toward the Tesla factory near Berlin on May 10, 2024.

Persons: Ole Becker, “, …, Elon Musk, ”, Christian Mang, Tesla Organizations: London CNN, Reuters, CNN, Police, RTL, Reuters Police Locations: Tesla’s, Berlin, German, Brandenburg, Europe, Germany

☆ Americans are shopping less but they’re still spending on flights, hotels and Disneyland
▼ + stars: | 2024-05-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Consumers may be fed up with high prices at the store, but they’re still willing to splurge on travel. Other key players in the travel industry have reported a similar trend this earnings season. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. They’ve even become frugal with some experience-based spending like dining out, opting instead to eat at home. “We saw a healthy but more normalized market environment for travel globally,” CEO Peter Kern told analysts on May 2.

Persons: they’re, ”, Hugh Johnston, it’s, Ed Bastian, Kathleen Oberg, “, Peter Kern, ” FTX, FTX, Sam Bankman, Fried, Olesya Dmitracova, Read, Tesla, Anna Cooban, André, Elon Musk’s Organizations: CNN Business, Bell, New York CNN, Delta Air, ” United Airlines, Marriott International, Marriott, Disney, Expedia Group, Alameda Research, CNN, RTL Locations: New York, Hong Kong, California, Florida, Alameda, Berlin, Germany, Europe

☆ Neuralink’s first brain chip implant developed a problem — but there was a workaround
▼ + stars: | 2024-05-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The first test subject for Neuralink, Elon Musk’s brain chip implant startup, has developed a problem just a few weeks after it was inserted. But the company said it was able to make the implant more sensitive to increase its performance even further. About a month after the operation, Musk said Arbaugh could control a computer mouse with his brain after having the chip implanted. Like existing brain-machine interfaces, the company’s implant would collect electrical signals sent out by the brain and interpret them as actions. Before Neuralink’s brain implants hit the broader market, they’ll need broader regulatory approval.

Persons: Elon, Noland, ” Neuralink, Musk, Stephen Hawking, ” Musk, Neuralink, – CNN’s Clare Duffy Organizations: New, New York CNN, Neuralink, Consumers, Drug, Wall Street Locations: New York

☆ Tesla tells its German factory workers to stay home as more protests loom
▼ + stars: | 2024-05-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Tesla will shut its factory near Berlin to all employees Friday when protesters are expected to gather outside its gates to protest against a planned expansion. But with the protests “in mind,” the electric vehicle maker has decided that all other workers at the factory should also stay at home, RTL said. André Thierig, a senior manufacturing director at the Tesla factory, confirmed in a post on X Tuesday that there would be a “one-day planned production shutdown” Friday. “Without the explicit instruction and authority of your manager, access to the site or factory will not be possible,” the Tesla email reportedly said. No buses or trains will run to and from the factory between Thursday and Sunday because of the anticipated protests, Handelsblatt cited Tesla’s email as saying.

Persons: London CNN — Tesla, Tesla, André, Elon Musk’s, Handelsblatt, ”, ” Mark Thompson, Olesya Dmitracova, Stephanie Halasz Organizations: London CNN, CNN, RTL, “, Police Locations: Berlin, Germany, Europe, German, Brandenburg, —

☆ Developing Taiwan’s own ‘Starlink’ crucial for island-wide emergency, space agency says
▼ + stars: | 2024-05-04 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.

Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, ”, Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, “, CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America

☆ Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
▼ + stars: | 2024-05-04 | by ( Jack Ewing | Ivan Penn | ) www.nytimes.com time to read: +1 min

Elon Musk, the chief executive of Tesla, blindsided competitors, suppliers and his own employees this week by reversing course on his aggressive push to build electric vehicle chargers in the United States, a major priority of the Biden administration. It put the onus on other charging companies, raising questions about whether they can build fast enough to address a shortage that appears to be discouraging some people from buying electric cars. As the owner of the largest charging network in the United States, Tesla has a powerful effect on people’s views of electric cars. “There is certainly a psychological component,” said Robert Zabors, a senior partner at Roland Berger, a consulting firm. “Availability and reliability are critical to overall E.V.

Persons: Elon Musk, Tesla, Biden, ”, Robert Zabors, Roland Berger Locations: United States

☆ Tesla slashed its Supercharger team. What does that mean for America’s EV network?
▼ + stars: | 2024-05-04 | by ( Ella Nilsen | ) edition.cnn.com time to read: +4 min

CNN —The news this week that Elon Musk laid off Tesla’s entire Supercharger team sent shockwaves of uncertainty through the industry tasked with building America’s new network of EV chargers. A fast and reliable charging network is an essential ingredient in getting more people to switch from gas-powered vehicles to electric, and some early types of chargers proved less than dependable. Tesla had a superior charging network long before President Joe Biden set an ambitious goal to install half a million stations around the US by the end of the decade. “There are many, many charging companies out there,” an EV industry source told CNN. “Charging is a difficult business, there’s no doubt about that,” the EV industry source said.

Persons: Elon Musk, Tesla, Joe Biden, NEVI, “ It’s, ”, it’s, ” Daniel Sperling, University of California Davis, Loren McDonald, ” McDonald Organizations: CNN, EV, Joint Office of Energy, Transportation, Electric Vehicle Infrastructure, NEVI, Infrastructure Law, ”, Institute of Transportation Studies, University of California Locations: EVAdoption, New York

☆ Elon Musk wins official praise for Tesla during surprise visit to China
▼ + stars: | 2024-04-29 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.

Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, ”, Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, “, ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo

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