Elon Musk meets Chinese FM, discusses business expansion in China

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Elon Musk meets China's FM Qin Gang in Beijing on the Tesla CEO's first trip to the country since the start of the Covid-19 pandemic

Tesla has hit its stride after years of losses, scoring an impressive string of earnings records as it has added factories and ramped up production.

Tesla's lowest-priced vehicle, the Model 3, begins at more than $40,000 in the United States - too pricey for many consumers even though the vehicle had been pitched at the mass market. And while Tesla remains the world's largest seller of EVs, the popularity of Chinese brands has soared in recent years.

 

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