Musk axes affordable Tesla Model S, X 75D

Larry Ellison’s Big Tesla Stake Is Mostly Old News

Musk also said yesterday that future Tesla roadsters will hover off the ground with "SpaceX cold gas thruster systems".

Two days later, Musk was chatting with Premier Li Keqiang in Zhongnanhai, the leadership compound next to the Forbidden City in central Beijing, where China hosts its most high-profile foreign visitors.

Ellison's intentions for the board and Tesla are not known, and neither are his ownership goals.

Eating alongside him is Musk's alleged ex-girlfriend and singer, Grimes. Li replied: "If this is what you truly have in mind, we can give you a "Chinese green card"".

"I hope to build Tesla's Shanghai factory into a global example", Musk told Li, according to a readout.

More news: Nick Kyrgios cops Milos Raonic in Australian Open first round

As a company, Tesla says its 2018 numbers exceeded the sum of its sales between its founding in 2003 and 2017 combined.

Members of this club, according to the paper, include Dutch scientist Bernard Feringa, who won the 2016 Nobel Prize in chemistry, former National Basketball Association all-star Stephon Marbury, and Nobel-winning economist Robert Mundell.

Tesla's Shanghai plant, which is expected to finish construction by the end of the summer, is the first of its kind outside of the U.S. It is expected to produce 500,000 cars a year when fully operational. Helping thaw frosty relations between the USA and China, or getting the company's planned $5 billion plant outside Shanghai up and running by the end of the year? The move creates more space between the Model S and smaller Model 3, the most expensive version of which starts at $62,000.

What happened: China is looking to promote foreign investment and attract worldwide talent.

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