Tesla founder Elon MuskElon Reeve MuskOn The Money: Senate panel advances Trump’s new NAFTA despite GOP gripes | Trade deficit falls to three-year low | Senate confirms Trump pick for small business chief Elon Musk celebrates new Shanghai car factory by dancing at opening What was the Sea Dragon rocket, and what would it have been used for? MORE on Tuesday celebrated the opening of his company’s newest factory with a short dance in front of cameras.
Musk posted videos of the event celebrating the launch of Tesla’s manufacturing plant that show the Tesla and SpaceX founder taking his jacket off and dancing in front of a cheering crowd.
The company’s Shanghai plant is part of Musk’s plan to design and develop a line of cars completely in China, which he hopes will allow Tesla to avoid steep tariffs on automobile parts put in place by the Trump administration against China.
The U.S. and China have been at the brink of an all-out trade war for months as U.S. and Chinese negotiators failed last year to establish a formal trade deal to address long-standing issues between the two countries despite months of talks.
“Something that would be super cool … is to try to create a China design and engineering center to actually design an original car in China for worldwide consumption,” Musk said Tuesday, according to multiple media reports.
President TrumpDonald John TrumpIranian diplomat after strike: ‘We do not seek escalation or war’ Graham: Iran missile attack ‘an act of war’ ‘All is well’ Trump tweets after Iran hits Iraq bases housing US troops MORE has targeted auto parts along with other Chinese exports with billions of dollars’ worth of tariffs in response to the continued negotiations, and no deal is currently in sight.