Elon Musk greeted with flattery and feasts during China trip
Adds that Musk is scheduled to visit Shanghai plant on Weds night
By Martin Quin Pollard
BEIJING, May 31 (Reuters) - BillionaireElon Musk was showered with praise during a trip to China this week, with people on social media calling him "a pioneer", "Brother Ma" and "a global idol" while the CEO of Tesla TSLA.O, Twitter, SpaceX and other companies also met in person withthree government ministers.
Since landing in Beijing on Tuesday, Muskhas met with China's foreign, commerce and industry ministers and has dined with Zeng Yuqun, chairman of top battery supplier CATL 300750.SZ.
Little is known of those conversations. The industry ministry only said Musk and its head exchanged views about development of electric vehicles and connected cars; the commerce ministry announced he discussed Tesla's development in China with its head. But lack of information did not stop anoutpouring of enthusiasm for Musk on Chinese social media.
"He's a global idol," commented one user. "Elon Musk is just great, if only China could have someone like Elon Musk," said another.
His private jet left Beijing on Wednesday evening forthe financial hub of Shanghai, where the U.S. automaker has a factory, according to flight data provider Variflight. He wasexpected to travel to the plant to meet with staff, two sources familiar with the matter said.
Tesla did not immediately respond to a request for comment.
Musk's unannounced trip wasthe latest by a major U.S. CEO to China since the country reversed its zero-COVID policy and reopened its borders. Apple's AAPL.O Tim Cook visited in March, while JPMorgan's JPM.N Jamie Dimon and Starbucks' SBUX.O Laxman Narasimhan are in China this week.
But compared to lower-key welcomes for his counterparts, Musk's visit is a hot trending topic and his popularity comes despite rising U.S.-China tensions, with keen interest shown in his comments on artificial intelligence and electric vehicles.
Even the menu for the 16-course meal at the upmarket Man Fu Yan restaurant he shared with CATL's Zeng on Tuesday evening was effusive, photos posted on social media showed.
Illustrated with two rearing horses - a play on the character for horse used in Musk's Chinese name - the menu described Tesla as a dark horse "standing out from traditional automotive companies".
In contrast to the social media storm in China and his propensity at home to make waves on Twitter (which he now owns), Musk has yet to make any public statements during his trip. Twitter is blocked in China.
Tesla and CATL did not respond to requests for comment. The commerce ministry also did not respond to a request for comment. The foreign ministry quoted the billionaire as describing the U.S. and China economies as "conjoined twins" and saying that he was opposed to their decoupling.
Musk's first visit to China in three years comes as Tesla faces intensifying competition from Chinese-made electric vehicles and some uncertainty about expansion plans for the Shanghai plant.
The Shanghai factory produced over 700,000 Model Y and Model 3 vehicles last year, more than half of the company's global output.
It was not clear if Tesla is facing any regulatory hurdles to expanding the plant.
Investors are also keen to know whether China regulators will clear the release of Tesla's advanced driver assistance features. The features are available in the United States as part of the "Full Self Driving" software it sells for $15,000 per vehicle.
Reporting by Martin Pollard, Josh Arslan, Wang Tingshu and Joe Cash in Beijing and Zhang Yan in Shanghai and the Shanghai Newsroom; Writing by Brenda Goh; Editing by Edwina Gibbs, Sriraj Kalluvila and David Gregorio
Ativos relacionados
Últimas notícias
Isenção de Responsabilidade: As entidades do XM Group proporcionam serviço de apenas-execução e acesso à nossa plataforma online de negociação, permitindo a visualização e/ou uso do conteúdo disponível no website ou através deste, o que não se destina a alterar ou a expandir o supracitado. Tal acesso e uso estão sempre sujeitos a: (i) Termos e Condições; (ii) Avisos de Risco; e (iii) Termos de Responsabilidade. Este, é desta forma, fornecido como informação generalizada. Particularmente, por favor esteja ciente que os conteúdos da nossa plataforma online de negociação não constituem solicitação ou oferta para iniciar qualquer transação nos mercados financeiros. Negociar em qualquer mercado financeiro envolve um nível de risco significativo de perda do capital.
Todo o material publicado na nossa plataforma de negociação online tem apenas objetivos educacionais/informativos e não contém — e não deve ser considerado conter — conselhos e recomendações financeiras, de negociação ou fiscalidade de investimentos, registo de preços de negociação, oferta e solicitação de transação em qualquer instrumento financeiro ou promoção financeira não solicitada direcionadas a si.
Qual conteúdo obtido por uma terceira parte, assim como o conteúdo preparado pela XM, tais como, opiniões, pesquisa, análises, preços, outra informação ou links para websites de terceiras partes contidos neste website são prestados "no estado em que se encontram", como um comentário de mercado generalizado e não constitui conselho de investimento. Na medida em que qualquer conteúdo é construído como pesquisa de investimento, deve considerar e aceitar que este não tem como objetivo e nem foi preparado de acordo com os requisitos legais concebidos para promover a independência da pesquisa de investimento, desta forma, deve ser considerado material de marketing sob as leis e regulações relevantes. Por favor, certifique-se que leu e compreendeu a nossa Notificação sobre Pesquisa de Investimento não-independente e o Aviso de Risco, relativos à informação supracitada, os quais podem ser acedidos aqui.