News Formal

Elon Musk’s China business ties spark alarm on Capitol Hill

  • 📰 nypost
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Elon Musk’s extensive business dealings with China have sparked some alarm on Capitol Hill, with some lawmakers questioning whether Beijing could exploit connections with Tesla and SpaceX to gain a…

Elon Musk’s extensive business dealings with China have sparked some alarm on Capitol Hill, with some lawmakers questioning whether Beijing could exploit connections with Tesla and SpaceX to gain access to classified information.

The US and China are locked in intense competition over space technology and American officials have repeatedly accused Beijing of stealing US intellectual property and trade secrets. . And after experiencing financial struggles in 2018 and 2019, Tesla received two loans in Chinese banks in 2019 and 2020 to support construction of the Shanghai factory.

The legislation would also force US companies active in the private space industry to be more transparent about funding they received from Chinese entities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk’s Business Ties to China Create Unease in WashingtonElon Musk’s ties to China are causing concern in Washington, including among Republican lawmakers who have been some of the billionaire entrepreneur’s most ardent supporters here are my naked photos Private citizen 🚨 🚨 What about Apple Computer?
Source: WSJ - 🏆 98. / 63 Read more »