Tesla CEO Elon Musk recently landed in China for a visit that surprised the electric vehicle community. But while Musk’s typical visits to China usually involve Shanghai, where Teslas’s Gigafactory Shanghai is located, the CEO’s visit today was to the nation’s capital, Beijing. Videos taken of Musk also showed that he met with high-ranking officials right after he landed.
On Sunday local time, Chinese electric vehicle watchers observed that Musk’s private jet was en route to Beijing. Considering that Tesla’s manufacturing facilities were located in Shanghai, some EV watchers speculated that Musk might be meeting with government officials this time around.
Elon Musk's private plane is in Beijing. pic.twitter.com/0DKKJrpJrk— Yan Chang (@cyfoxcat) April 28, 2024
Musk’s private jet did arrive in Beijing, and Tesla watchers reported that the CEO was soon riding in a convoy of vehicles comprised of one Tesla Model S sedan and two Tesla Model X SUVs. Later posts by industry watchers suggested that Musk’s rather sudden visit to China was in response to an invitation from the China Council for the Promotion of International Trade (CCPIT).
$TSLA
NEWS: At the invitation of the China International Trade Promotion Committee, Tesla CEO Elon Musk arrived in Beijing on the afternoon of the 28th.
– Chinese International Trade Promotion Council President Ren Hongbin met with Musk to discuss the next steps of cooperation. https://t.co/QwRtcoOa71 pic.twitter.com/2dzWdGdj9O— Tsla Chan (@Tslachan) April 28, 2024
Musk, who was accompanied by Tesla executives such as Tom Zhu, SVP, Automotive, and VP Grace Tao, was later seen with Ren Hongbin, the chairman of the CCPIT. Later videos from Chinese media featuring the CEO revealed that Musk also met with Chinese Premier Li Qiang. Musk later shared a post about the visit on X, stating that he and the high-ranking government official had known each other since the early days of Gigafactory Shanghai.
$TSLA ??
Elon: "I'm very happy to see the development of electric vehicles.”
In addition, “all cars will be electric in China's future.” pic.twitter.com/3i3c277CTV— Tsla Chan (@Tslachan) April 28, 2024
“Honored to meet with Premier Li Qiang. We have known each other now for many years, since early Shanghai days,” Musk wrote in a post on X.
Honored to meet with Premier Li Qiang.
We have known each other now for many years, since early Shanghai days. pic.twitter.com/JCnv6MbZ6W— Elon Musk (@elonmusk) April 28, 2024
The reason behind Musk’s seemingly sudden visit to China remains to be seen, though expectations are high among industry watchers in China that the trip might be related to the highly-anticipated release of Full Self Driving (FSD) in the country. If any, the timing of Musk’s visit seems quite interesting as news recently emerged indicating that Tesla, together with other manufacturers such as BYD, have met all data processing requirements in China.
CCTV News Broadcast: Premier Li Qiang met with Tesla CEO Elon Musk.
Premier Li Qiang stated: Tesla's development in China can be considered a successful example of Sino-American economic and trade cooperation. The facts have shown that equal cooperation and mutual benefit are… pic.twitter.com/C1hIxvh7N0— Yan Chang (@cyfoxcat) April 28, 2024
Tesla has a number of incentives to launch FSD in China at the soonest time possible. The country is home to the world’s largest and most competitive electric vehicle market, so having an extremely advanced driver-assist system like FSD (Supervised) should help Tesla gain an advantage over its rivals in the country. Tesla China’s fleet is also very large, with the company noting that it has served over 1.7 million customers in the last 10 years. Such a large fleet could provide a substantial amount of real-world training data for Tesla’s FSD efforts, potentially accelerating the progress of FSD even further.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
News
Tesla ends Full Self-Driving purchase option in the U.S.
In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.
Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.
The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.
Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.
In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.
Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:
🚨 Tesla has officially moved the outright purchase option for FSD on its website pic.twitter.com/RZt1oIevB3
— TESLARATI (@Teslarati) February 15, 2026
There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.
Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.
Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.
Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.
Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Tesla ends Full Self-Driving purchase option in the U.S.
Musk bankers looking to trim xAI debt after SpaceX merger: report
