Tesla To Discontinue Sales Of Lowest-Prices Models S, X

The billionaire 74 indirectly owns 3 million Tesla shares

Oracle Corp. founder Larry Ellison has acquired a $1 billion stake in Tesla Inc., making him the carmaker's second-biggest individual investor after his close friend Elon Musk.

Two days after Musk appeared at a muddy groundbreaking ceremony for his newest gigafactory, China's Premier Li Keqiang met with the billionaire-entrepreneur in Beijing and said he hopes Tesla's CEO can do both. Li also promised that his country would become increasingly open to more foreign companies and investment.

If he really does receive his Chinese green card, Musk will join the likes of Nobel Prize-winning chemist Kurt Wuethrich, Nobel Prize-winning chemist Feringa Bernard Lucas, and, of course, basketball star Stephon Marbury. In contrast, more than 1 million people were granted permanent residency in the United States during 2017.

Tesla did not respond to a request for comment.

Getting a Chinese "green card" (sample above) has been described as "one of the most hard tasks in the world".

"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. It also delivered a total 245,240 cars in full-2018, which is more than Tesla's deliveries for all prior years, the company said.

In response to a Twitter user question whether the company was "moving away from battery sizing in a similar sense to how Model 3s are sold ie Long Range, Performance etc?" Through the rain, Shanghai's vice mayor said Musk and Tesla could make a fortune out of the muddy wasteland.

The so-called Gigafactory is China's first wholly foreign-owned vehicle plant, a reflection of China's broader shift to open up its auto market, even amid a trade war with the United States which has seen a rise in tariffs on cars imported from the U.S.



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