Musk Says It's Important to Maintain Ties With China

Tesla shares rose by 3% following Elon Musk's meeting with China's Foreign Minister, Qing Gang, in Beijing. Musk emphasized Tesla's commitment to expanding its business in China, opposing the decoupling of US-China relations. The meeting highlighted opportunities for Tesla to increase its market share in the Chinese EV market, especially with the expansion of its Shanghai plant. Despite Musk's openness about his political views in the US, it remains to be seen if he will express similar views in China. This visit marks Musk's first to China since before the pandemic, amid ongoing security concerns related to Tesla's operations there.

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