Friday, 31 July, 2026
Musk Calls Rumors of Tesla Selling Its China Business "Absurdly Fake News"
By TechShots Studio
Elon Musk forcefully dismissed reports that Tesla is considering a sale, spin-off, or closure of its vital China business to clear regulatory hurdles for a potential SpaceX merger. Calling the claims "absurdly fake news," Musk insisted the idea was never discussed. Tesla’s Shanghai Gigafactory remains its largest production hub, contributing over half of its global deliveries despite rising local market competition.
Read full story at REUTERS