As Elon Musk grew Tesla’s business in China, he publicly cozied up to its leaders on his favorite social media platform.

After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

Tesla (TSLA) plans to temporarily suspend some of its production lines for its Model Y electric vehicle in China for three weeks, as reported by Bloomberg. The stoppage will allow for upgrades to be made to the Giga Shanghai facility.

The appointment, announced shortly after Trump’s election victory in November, comes after years of Musk building successful business operations in China, including a significant April 2024 visit to Beijing, where he met with Chinese Premier Li Qiang to discuss Tesla’s autonomous driving technology and data transfer permissions.

Tesla has been at the top of the electric vehicle segment for a while now, but its influence could be waning as a result of politics and competition.

Tesla's valuation climbed today alongside reports that CEO Elon Musk could be involved in a deal to purchase TikTok from ByteDance -- its Chinese parent company. The electric vehicle (EV) leader's stock also appears to be getting a boost related to the inauguration of President-elect Trump this coming Monday.

Tesla plans to suspend part of the lines manufacturing its recently refreshed Model Y sport utility vehicles in Shanghai for around three weeks over Chinese New Year, Bloomberg News reported on Wednesday,

“Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li during the meeting. Although Musk has portrayed himself as a crusader for free speech ...

VCG. Amid global economic uncertainties, Tesla has achieved a new sales record in China. At the start of the new year, Tesla rele

China’s biggest EV maker, BYD, built more electric cars than Tesla in 2024, signaling a global shift toward cheaper electric cars.

Best known as a billionaire owner of X, X.AI, SpaceX, Dogecoin, and controversial comments, Elon Musk's main wealth is from Tesla.