Last week, US Secretary of State Antony Blinken made a high-profile visit to China, marked by terse talk and some tough symbols. Two days ahead of Blinken’s arrival, China launched a submarine-based ballistic missile test, and as he departed, the Chinese air force flew jets over the Taiwan Strait. Beijing was not amused by the US Congress passing a supplemental spending bill last week, including billions in military assistance to Taipei.
In contrast, Tesla founder Elon Musk's surprise visit starting Sunday was all smiles. Musk posted to X about the honor of meeting Chinese Premier Li Qiang, who heralded Tesla as a pillar of US-China economic cooperation. Tesla has sold more than 1.7 million cars in China since it entered the market a decade ago, and its largest factory is in Shanghai.
Musk wants to roll out Tesla’s Full Self-Driving technology in China before Chinese automakers deploy similar capabilities. Musk is also seeking approval to transfer data collected in China to the US to train algorithms for FSD tech. Market watchers called the unexpected visit "a major moment for Tesla" as the company struggles with layoffs and slumping sales.