Published: Fri, January 11, 2019
Finance | By Loren Pratt

China offers Elon Musk permanent residency

China offers Elon Musk permanent residency

Replying to a tweet in which one Twitter user jokingly implied that Tesla vehicles in the year 2022 will look something like a flying DeLorean auto from Back to the Future, Musk stated that "the new Roadster will actually do something like this".

Two days after Musk appeared at a muddy groundbreaking ceremony for his newest gigafactory, China's Premier Li Keqiang met with the billionaire-entrepreneur in Beijing and said he hopes Tesla's CEO can do both.

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

Musk was seen eating at Qimen Shuanrou in the capital's Guijie area with singer Grimes, a former girlfriend, in videos that appeared on social media on Thursday.

The number of foreigners with Chinese permanent residency crossed 10,000 in 2016, according to state-run China Daily. It also delivered a total 245,240 cars in full-2018, which is more than Tesla's deliveries for all prior years, the company said.

If Musk were to obtain one, he would join the ranks of esteemed figures such 2016 Nobel-Prize winning chemist Bernard Feringa, and former National Basketball Association all-star (and CBA legend) Stephon Marbury.

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

While the company has recently been forced to slash prices in China due to the U.S. Tesla's new plant in China will eventually have an annual production capacity of 500,000 vehicles, the California-based company has said, dramatically increasing its output.

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

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