Sunday, 16 June, 2019

China offers Elon Musk permanent residency

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Ginger Lawrence | 11 January, 2019, 19:29

Elon Musk, who was in China to break ground at the site of a future Tesla "gigafactory" in Shanghai earlier this week, has been spotted enjoying some hot pot at one of Beijing's top hot pot restaurants.

The change comes less than two weeks after Tesla dropped the price of all of its models by $2,000 to make up for a reduction in the federal tax credit that they qualify for.

Eating alongside him is Musk's alleged ex-girlfriend and singer, Grimes. "I really love China, I'm willing to visit here more often", Musk told Li, the Shanghaiist reported.

"If this is what you truly have in mind, we can give you a "Chinese green card"," Li replied, according to a government readout seen by the South China Morning Post. Li said he welcomed greater cooperation with companies from around the world.

3 to 5 inches of snow possible in storm
There is high confidence the event will occur and there is moderate confidence regarding snow and ice amounts as well as impacts. With highs in the mid 30s, wind chills will be in the 20s thanks to a north wind that could gust as high as 20 miles per hour .

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.

Once completed, it will be the first vehicle plant in China to be wholly owned by a foreign company since Beijing relaxed its restrictions on compulsory joint venture partnerships in some sectors past year. 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?

Recently, John Engle, President of Almington Capital, noted that as Tesla manages to fix some of its production issues, resulting in a 13 percent rise in Model 3 vehicle deliveries in the fourth quarter, the company now faces a new challenge - lack of demand.

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