Insider Finance - Business - Musk's lavish China visit

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June 1, 2023

Hello, Insiders. Hallam Bullock, an editor on Insider’s audience team, here. Elon Musk is making his first trip to China in three years — and he’s being treated like a king. Today, we’re looking at what he’s been up to so far, including six photos that show a 16-course meal and meetings with Chinese officials.

In today’s edition:

A real-estate investor made $35 million. Now he's accused of being a fraudster.
The housing-market downturn that started last summer may now be reversing.
Fisher Stevens, who played Hugo on "Succession," spoke with Insider about the finale.

— Hallam Bullock

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THE BIG STORY

Musk in China

REUTERS/Tingshu Wang

Elon Musk is getting a royal welcome in China.

During his surprise visit, Musk met with a who’s who of China’s rich and powerful and enjoyed a 16-course meal, which appeared to be custom-made for him, Reuters reported.

He’s reportedly even been referred to as “Brother Ma” — an indication that he was held in the same high esteem in China as the Alibaba founder Jack Ma.

Although China has rolled out the red carpet, it isn’t all play for Musk — he’s there to work, too. China is the world’s largest EV market and home to Tesla’s biggest factory.

The Chinese foreign minister, Qin Gang, reportedly told Musk that China wanted to improve relations with Tesla. This would be welcome news to Musk, considering US relations with China are at a low point, and Musk’s Twitter remains banned in the country.

READ THE FULL STORY HERE

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This edition was curated by Hallam Bullock, and edited by Jack Sommers, Nathan Rennolds, Diamond Naga Siu, and J.R. Stacey. Get in touch: insidertoday@insider.com.

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Insider Finance - Business - Musk's lavish China visit

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