Tesla commits to promoting 'core socialist values' in pledge with Chinese auto companies

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Tesla on Thursday agreed to promote 'core socialist values' with over a dozen Chinese car manufacturers who also vowed to do so, according to The Wall Street Journal.

in June, according to the Journal, which cited the China Passenger Car Association. The company described its Shanghai factory as its "main export hub" in its first-quarter shareholder deck, reporting it had an "installed annual vehicle capacity" of over 750,000.

Tesla recently started offering its buyers an opportunity to earn extra incentives through referrals from existing customers via a "Refer and Earn" program that is becoming available in markets including the U.S., China, Germany and others.For customers in China, the company said it would give those buying a Model Y or Model 3 a rebate worth $484 with a referral.

CEOs of other American companies have also visited for conferences and various events in recent months, FOX BusinessTesla released overall vehicle production and delivery figures earlier in July, with the former coming in at about 479,700 and the latter at roughly 466,100 for the second quarter.

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