China Bars Tesla Cars From World University Games Amid Xi Jinping's Presence For Security Reasons: Report
Portfolio Pulse from Benzinga Neuro
Tesla (NASDAQ:TSLA) vehicles have been barred from the World University Games in Chengdu, China due to security concerns. This follows concerns expressed by China since 2021 over Tesla’s exterior cameras and their potential to capture sensitive information. Despite assurances from CEO Elon Musk, Tesla vehicles underwent a security review from Chinese officials, leading to a ban on military members and government officials driving a Tesla in March 2021.
July 28, 2023 | 10:15 am
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Tesla's vehicles have been barred from a major event in China due to security concerns. This could potentially impact Tesla's reputation and sales in the Chinese market.
The barring of Tesla vehicles from the World University Games due to security concerns could potentially harm Tesla's reputation in China. This, coupled with the previous ban on military members and government officials driving a Tesla, could lead to a decrease in sales in the Chinese market, which is a significant market for Tesla. Therefore, this news could potentially have a negative impact on Tesla's stock price in the short term.
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