News Snapshot:
Tesla CEO Elon Musk lauded Chinese automakers Friday, calling them the “most competitive in the world,” during pre-recorded question-and-answer stream at the World New Energy Vehicle Congress, which is hosted in China’s Hainan province. Musk was highly complementary of the nation that’s imperative to his electric vehicle company, and the comments come as Tesla tries to improve its reputation in China. “I have a great deal of respect for the many Chinese automakers for driving these (EV) technologies,” Musk said. In the three-minute appearance, Musk said Chinese carmakers are some of the best at software, which he said will “shape...
