Musk makes surprise China visit

News Snapshot:

Tesla is coming off its first year-over-year decline in quarterly revenue since 2020, having sold fewer cars even after slashing prices. The company is cutting staff by at least 10 per cent and looking to accelerate new models, including less-expensive vehicles, that could be ready by early 2025, if not before year-end, Musk said last week. China’s No. 2 official met Mr Musk in Beijing hours after the billionaire touched down in the city. Mr Li said the nation was always open to foreign companies, adding that Tesla was a successful example of China-US cooperation, according to China Central Television....