Elon Musk’s Tesla has pledged to uphold “core socialist values” and compete fairly in China’s fast growing car market. Musk’s latest agreement with the communist government comes of the heels of his praise for the country’s AI researchers. Musk praised the “wisdom and determination” of Chinese AI researchers despite the country’s hostile stance towards the United States.
The Financial Times reports that Elon Musk’s Tesla and its Chinese rivals have vowed to uphold “core socialist values” and compete fairly in China’s expanding auto market. This pledge is in response to a directive from Beijing that aims to end a protracted price war that has been upsetting the sector. Tesla has cut prices multiple times in China over the past year.