After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

Tesla (TSLA) plans to temporarily suspend some of its production lines for its Model Y electric vehicle in China for three weeks, as reported by Bloomberg. The stoppage will allow for upgrades to be made to the Giga Shanghai facility.

The appointment, announced shortly after Trump’s election victory in November, comes after years of Musk building successful business operations in China, including a significant April 2024 visit to Beijing, where he met with Chinese Premier Li Qiang to discuss Tesla’s autonomous driving technology and data transfer permissions.

"I'd be hard pressed to declare Tesla a winner in China," said Bill Russo, Shanghai-based founder and CEO of Automobility, "they are struggling to keep pace and have a limited and aging product ...

The better-looking Model Y will probably be coming to the U.S. soon, but Tesla doesn't really confirm these things anymore.

Tesla has been at the top of the electric vehicle segment for a while now, but its influence could be waning as a result of politics and competition.

Several sources claim that Tesla has already built the first new Model Y at its Gigafactory in Berlin, Germany. According to German media outlet Handelsblatt, the company was scheduled to start producing the new car, also known by its codename "Juniper", on Tuesday.

Tesla plans to suspend part of the lines manufacturing its recently refreshed Model Y sport utility vehicles in Shanghai for around three weeks over Chinese New Year, Bloomberg News reported on Wednesday,

Tesla, Inc. TSLA reportedly received 50,000 orders for its redesigned Model Y within 24 hours in China. Per BofA Securities, the updated SUV is priced 5% higher than the previous version.

Tariffs are the biggest risk, sparking fears that the administration’s plans could lead to more prolonged and unpredictable trade wars than during his first presidency

It seems past time we can finally admit Tesla (NASDAQ: TSLA) has officially made it. Not only did the young automaker prove it could design and manufacture quality vehicles, it made driving an electric vehicle exciting and,