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Marketplace All-in-One

What’s behind Elon Musk’s surprise China trip?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 29 April 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Tesla CEO Elon Musk paid a visit to China, where he’s been trying to clear regulatory hurdles that have hindered the company’s self-driving technology roll-out there. Then, Sweden’s police have been inundated with reports from people who have been swindled out of their gold belongings. And later, musicians who sample nature can now split their profits with environmental causes through a new United Nations-backed project.

Transcript

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0:00.0

So what was Elon Musk doing meeting with Chinese leaders? Let's find out. Good morning,

0:06.5

Viana Byrne here and thank you for tuning in to the Marketplace Morning Report and we're live

0:10.7

from the BBC World Service.

0:12.8

Yes, the boss of Tesla, Elon Musk made a surprise visit to China.

0:16.2

We've got the BBC's Mariko Oi in Singapore on this story.

0:19.6

Hi, Mariko.

0:20.6

Hi, Mariko.

0:21.6

So Mariko, what was this unannounced visit all about?

0:25.0

That's a good question, really.

0:28.0

There was totally unannounced, a completely surprising visit to China,

0:32.0

and yesterday he met Chinese Premier Li Chan and you

0:36.5

know they talked about foreign investments and so on now today we were

0:40.6

starting to get some more kind of concrete news flash but we don't have

0:45.9

any confirmation just yet but according to reports Tesla his EV company

0:50.8

may have agreed to partner up with China's massive internet giant, Baidu,

0:57.0

basically using its mapping service because according to reports that Mr. Musk is there to basically push for his full self-driving

1:06.8

software in China, basically autonomous driving service on his Tesla EVs in China and if this partnership is indeed confirmed

1:16.2

it could mean that Tesla has just jumped the final hurdle to get the regulatory

1:21.0

approval but again no confirmation so know, we'll see when he decides

1:25.6

to post on X to tell us what that trip was about.

1:29.1

Hypothetically, if there was confirmation, does that mean that we could see self-driving in China quicker

1:34.3

than in other areas of the world?

...

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