Elon Musk visiting China is a sign Tesla is 'playing nice' with Beijing and its stock will outperform this year, Wedbush says
Elon Musk visiting China is a sign that Tesla is aiming to get in the good graces with Beijing — and it could be another event that propels its stock to outperform this year, Wedbush said.
Musk is also expected to visit to Tesla's Shanghai factory, which will be essential, Wedbush added, as the plant is a major producer of vehicle units and is one of the company's"key advantages" as it faces competition from rivals like Nio and BYD. Analysts predicted that Tesla stock would outperform this year, rising 11% from current levels to notch $215 a share by the end of 2023.
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Tesla CEO Elon Musk expected to visit China this week, meet officials - sourcesTesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla's Shanghai plant, two of the sources said. It was not immediately clear who Musk would meet and what they would discuss.
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Tesla's Musk open to expanding in China - foreign ministryA private jet used by Tesla CEO Elon Musk arrived in China. The country's foreign ministry said in a statement that the government welcomed Musk and other business leaders looking to promote 'mutually beneficial cooperation'
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Elon Musk meets China's foreign minister as Tesla boss touts expansion in the countryThe meeting between Tesla CEO Elon Musk and Chinese foreign minster Qin Gang comes as tensions between the U.S. and China continue to rise.
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Tesla shares rise as Elon Musk meets with China's foreign ministerThe meeting between Tesla CEO Elon Musk and Chinese foreign minster Qin Gang comes as tensions between the U.S. and China continue to rise.
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Elon Musk Meets Chinese FM, Reaffirms Tesla's Commitment To ChinaTesla's CEO reportedly also seeks to meet China's Premier Li Qiang to discuss automated-driving technology the US EV maker is seeking to introduce in China.
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Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relationsChina’s foreign minister has met Tesla CEO Elon Musk and said U.S.-Chinese relations require “mutual respect” while touting the promise of the country’s electric vehicle industry. tesla us china kprc2 click2hou
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