Will China Soon Control Both Elon Musk and SpaceX?

Tesla founder and CEO Elon Musk (L) meets with China's Li Qiang (R) in Beijing on April 28, 2024. Wang Ye/Xinhua via AP

Commentary

At the end of April, Elon Musk, at the last moment, canceled a trip to India, instead showing up in Beijing, and snagging a deal to rescue Tesla. The results were immediate: The shares of the electric vehicle maker, which had been out of favor on Wall Street, soared on the news.