Oracle’s Larry Ellison reveals $1-billion stake in Tesla

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It's nearly everything he's been missing in the U.S. After his infamous August 7 tweet that he'd lined up funds for a Tesla buyout, Musk was fined $20 million, told to rein in his own social media and ordered to step down as chairman of the carmaker he founded.

The lowest-end Model X, listed at $72,450-the one that won't be sold anymore-is advertised as having a 237-mile range; the next level up lists at $87,450 and has a 295-mile range.

Tesla boss Elon Musk has been offered a "green card", China said on Thursday, a privilege enjoyed by an elite group of foreigners, including several Nobel laureates and a former National Basketball Association star.

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While the company has recently been forced to slash prices in China due to the U.S.

The high-profile entrepreneur met with Premier Li Keqiang on Wednesday in Beijing, where they discussed Tesla's China ambitions, said the State Council - the country's cabinet. "I really love China, I'm willing to visit here more often".

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Tesla's factory is a big deal for Shanghai. The plant will be the first wholly foreign-owned vehicle factory in the country.

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. Through the rain, Shanghai's vice mayor said Musk and Tesla could make a fortune out of the muddy wasteland.

Although obtaining a Chinese green card has become less of a rarity now than it was in the past (1,881 foreigners received one in the past two months compared to the mere hundreds in entire years previously), it is still considered by some to be "one of the most hard tasks in the world".

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