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View all search resultsMusk had been set on his cancelled India trip to announce $2 billion to $3 billion in new investments, including in a car plant, after India offered lower import taxes on EVs in return under a new policy.
A private jet linked to Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.
The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after the agency identified concerns due to crash events after vehicles had the recall software update installed "and results from preliminary NHTSA tests of remedied vehicles."
Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.
Tesla's Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received "poor" ratings from the US Insurance Institute for Highway Safety in a new study released on Tuesday.
The US company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD, but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.
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