Hotpot with Grimes rounds out big few days for Elon Musk

The billionaire 74 indirectly owns 3 million Tesla shares

The billionaire 74 indirectly owns 3 million Tesla shares

When completed later this year, the factory, the first Tesla plant outside the United States, is expected to produce some 250,000 Tesla-brand electric cars per year, with that figure eventually rising to 500,000.

Elon Musk has reportedly been offered a green card by China so that he can come and enjoy hot pot anytime.

Two days later, Musk was chatting with Premier Li Keqiang in Zhongnanhai, the leadership compound next to the Forbidden City in central Beijing, where China hosts its most high-profile foreign visitors.

Li said he hoped Tesla could help drive China's continued opening up, and even offered to issue a Chinese green card to the American entrepreneur, the government's website said.

Musk's response, if any, was not publicised.

Tesla's factory is a big deal for Shanghai.

First up, Musk boogied on January 7 as he celebrated the first spadeful of soil, figuratively at least, at Tesla's proposed $5 billion plant on the outskirts of Shanghai.

Once completed later this year, Tesla's Gigafactory 3, situated in the Chinese port city of Shanghai, will be able to sell its cars directly into China.

Musk said China's development speed and efficiency are impressive, and it is hard to imagine that the process of opening a auto factory could be done in such a short period of time. Both he and the company agreed to pay US$20 million penalties and added Ellison and human resources specialist Kathleen Wilson-Thompson as board members. When it is fully operational, it aims to produce 500,000 vehicles a year, capitalizing upon the world's largest market for electric cars.

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