"Musk, who is the world's richest man, has significant business interests in China. His company Tesla opened a "gigafactory" in Shanghai in 2019, building cars for the Chinese domestic market as well as Australasia. By 2022, China accounted for about 22.5 percent of Tesla's total revenue.

And in 2023, he said he wanted to expand his business in China as he met Foreign Minister Qin Gang in Beijing.

Musk has also said he wants to build a second factory in China, which is the world's biggest electric vehicle market."

I would note that:

"Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power" Benito Mussolini

and

"Is Trump calling for a Xmas Government shut down because the bi partisan funding bill contains strict limits on US investment in Chinese military-grade technology... and Trump doesn't want to upset the Chinese and undermine his family's investments there?

Popok does the math. "

9 minutes ago

"House Appropriations Dem raises concerns about Musk's China connections

Rep. Rosa DeLauro, the top Democrat on the House Appropriations Committee, sent a letter to congressional leaders questioning whether Elon Musk helped tank the first bipartisan government funding bill due to language it included about restricting U.S. investments in China.

"It is particularly disturbing that Musk may have sought to upend this critical negotiated agreement to remove a bipartisan provision regulating U.S. investments in China in order to protect his wallet and the Chinese Communist Party at the expense of American workers, innovators, and businesses," DeLauro wrote in the letter Friday.

.

DeLauro also explained how an outbound investment provision would have kept new technologies in the United States and prevented wealthy investors from offshoring production and U.S. intellectual property to China.

Nearly a quarter of Tesla's global revenue in 2023 drew from sales of Chinese-made vehicles from the Shanghai factory, she said.

"I urge congressional leadership to return to the deal and include this critical provision that ensures U.S. capabilities and capital do not fuel that of the Chinese Community Party," she said."