American entrepreneur Elon Musk plans to visit China in April this year to discuss the problems facing his companies, including the Tesla car firm, with country officials. In this respect informs Reuters, citing the source.
Tesla is currently facing several challenges, including difficulties in implementing its plans to more than double its production capacity at its Shanghai facility. The memo also banned Tesla vehicles from entering Chinese military installations and political gathering areas due to local authorities’ concerns about the cameras installed in the vehicles.
Tesla CEO Elon Musk plans to visit China in early April and is looking for a meeting with Chinese Premier Li Qiang. The entrepreneur’s intention stems from the problems faced by Tesla and other businesses of the businessman in China,” the material says.
Musk’s planned visit is also linked to Chinese officials’ intent to attract more foreign investment to help support an economy hit by three years of coronavirus lockdowns.
March 26 issue of The Information reportedAmerican entrepreneur Elon Musk told Twitter he values the company at half the price for which he bought it. The manager offered employees approximately $20 billion in equity grants. With $13 billion in debt, equity grants were rated 11 times the company’s 2023 earnings.