Elon Musk flies to Beijing as Tesla struggles to fend off Chinese rivals


Source: finance.yahoo.com finance.yahoo.com

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Elon Musk made an unexpected visit to Beijing on Sunday to meet Chinese trade officials, as Tesla contends with declining sales and data security concerns in the world’s biggest car market. The visit came little more than a week after the Tesla chief abruptly cancelled a trip to India, where he had been expected to meet prime minister Narendra Modi, as the group explores starting production in the country. Musk landed in the Chinese capital on Sunday afternoon and met Ren Hongbin, chair of the China Council for the Promotion of International Trade, a commerce ministry group, according to Chinese...