Tuesday, 25 June, 2019


China offers Elon Musk permanent residency

Larry Ellison’s Big Tesla Stake Is Mostly Old News China offers Elon Musk permanent residency
Conrad Doyle | 12 January, 2019, 09:14

In a tweet Wednesday afternoon, Tesla CEO Elon Musk announced that the company will quit selling low-end, short-range versions of its Model S sedan and Model X SUV.

Musk said China's development speed and efficiency are impressive, and it is hard to imagine that the process of opening a vehicle factory could be done in such a short period of time. 'I really love China, I'm willing to visit here more often'. Replying to a tweet in which one Twitter user jokingly implied that Tesla vehicles in the year 2022 will look something like a flying DeLorean auto from Back to the Future, Musk stated that "the new Roadster will actually do something like this". This prompted the Securities and Exchange Commission to order greater board oversight, which said that this and other claims by him were false and misleading and affected Tesla's stock.

To this, Li replied: "If this is what you truly have in mind, we can give you a Chinese green card". In contrast, more than one million people in the United States became permanent residents in 2017 alone.

Tesla did not respond to a request for comment.

"We welcome more foreign enterprises to take part in China's new-round and high-level opening up", foreign ministry spokesman Lu Kang was quoted by state-run Global Times as saying.

If Musk were to obtain one, he would join the ranks of esteemed figures such 2016 Nobel-Prize winning chemist Bernard Feringa, and former National Basketball Association all-star (and CBA legend) Stephon Marbury. Through the rain, Shanghai's vice mayor said Musk and Tesla could make a fortune out of the muddy wasteland. The Model X, meanwhile, starts at $72,950 with a range of 237 miles, a top speed of 130 mph and a sprint to 60 in 4.9 seconds. The China Passenger Car Association reported that sales fell to 22.7 million units a year ago, a decrease of 6 percent.

Domestic and foreign automakers have been racing to grab shares of China's electric-vehicle sector - already the world's biggest and expected to continue to grow as the government pushes clean technologies. China and the USA also just wrapped up three days of talks to resolve trade disputes, and officials from both nations have expressed optimism that progress has been made.

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