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Global Business News

The Economic Times

Global Business / The Economic Times

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Elon Musk dismisses reports on Tesla weighing sale of China business

Elon Musk has dismissed reports suggesting Tesla might sell its China operations. These reports indicated a potential merger between Tesla and SpaceX was being considered. Tesla's Shanghai Gigafactory is a crucial production and export hub for the company. China remains Tesla's second-largest market globally, facing local competition. Regulatory hurdles and geopolitical concerns could complicate any potential merger plans.

31 Jul 2026 9:22 am