On Wednesday, Tesla CEO Musk Met With China's Xi Receiving Support From Xi For Tesla's Development In China
Portfolio Pulse from Charles Gross
Tesla CEO Elon Musk met with China's President Xi Jinping on Wednesday, where he received support from Xi for Tesla's development in China, according to Tesla's Weibo account.
November 16, 2023 | 10:39 am
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Elon Musk's meeting with President Xi and the support received for Tesla's operations in China may positively influence investor sentiment and Tesla's market position in China.
The meeting between Elon Musk and Xi Jinping, with the latter showing support for Tesla, is likely to be viewed positively by investors. It suggests a favorable regulatory environment and government relations for Tesla in China, which is a significant market for electric vehicles. This could lead to increased investor confidence and a potential short-term uptick in Tesla's stock price.
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