Elon Musk’s charm offensive in China wins Tesla tax break
During his visit, Musk also toured a factory Tesla is building in the country and reportedly met China’s transport minister Li Xiaopeng
China announced that all Tesla cars will be exempted from a 10% purchase tax, something that is typically reserved for domestic makers of electric vehicles
Elon Musk‘s charm offensive in China appears to have paid off. The billionaire chief executive officer (CEO) of Tesla Inc. won a tax exemption for the electric-car maker, got to promote his ground-digging Boring Co. passion project and even drew praise on social media for his frugal food and accommodation choices—he was spotted eating dumplings and staying at the Holiday Inn.