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Tesla and Musk enjoy a particularly cozy relationship with China’s Communist Party leaders, and the country was the only growing market for Tesla last year as sales in the U.S. and Europe slumped.

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Although President Trump has also said he plans to end EV tax credits, Gengaro says this would still leave Tesla as a profitable EV maker. To watch more expert insights and analysis on the latest ...

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...