San Francisco ¨C When Elon Musk opened a Tesla factory in Shanghai in 2019, the Chinese government welcomed him with billions of dollars¡¯ worth of cheap land, loans, tax breaks and subsidies. ¡°I really think China is the future,¡± Musk cheered.
Tesla¡¯s road since then has been lucrative, with a quarter of the company¡¯s revenue in 2021 coming from China, but not without problems. The firm faced a consumer and regulatory revolt in China last year over manufacturing flaws.
With his deal to take over Twitter, Musk¡¯s ties to China are about to get even more fraught.
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