China offers Elon Musk permanent residency

Larry Ellison’s Big Tesla Stake Is Mostly Old News

These prices don't include the federal tax credit, which recently decreased from $7500 to $3750 after Tesla passed 200,000 electric vehicles sold in the U.S. This move also follows a $2000 price cut across the lineup and a simplification of option packages and color selection for the Model S and Model X lineups.

Both Musk and the company agreed to pay $20 million in penalties and promoted Tesla to add Ellison and human resources specialist Kathleen Wilson-Thompson as board members.

After a year to forget in the U.S., Elon Musk just had a few days to remember in China.

First up, Musk boogied on January 7 as he celebrated the first spadeful of soil, figuratively at least, at Tesla's proposed $5 billion plant on the outskirts of Shanghai.

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The Tesla CEO was presented with this offer by no less than Chinese Premier Li Keqiang during a meeting between the two on Wednesday regarding the future Tesla gigafactory in Shanghai which broke ground on Monday. This prompted the Securities and Exchange Commission to order greater board oversight, which said that this and other claims by him were false and misleading and affected Tesla's stock. The plant will be the first wholly foreign-owned auto factory in the country. "I really love China, I'm willing to visit here more often", Musk told Li, the Shanghaiist reported. Through the rain, Shanghai's vice mayor said Musk and Tesla could make a fortune out of the muddy wasteland.

Li congratulated Musk on construction of the multibillion-dollar facility, which began three months after the maker of America's bestselling electric cars secured the land at an industrial zone in Lingang.

Li said he hoped Tesla could help drive China's continued opening up, and even offered to issue a Chinese green card to the American entrepreneur, the government's website said.

Meanwhile, trade negotiations between Beijing and Washington also appear to be going well, according to Chinese and USA negotiators, as reported by Forbes.

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