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China Hands Tesla Tax Break After Musk’s Taiwan Comments – TN

Taiwan’s politicians felt Musk’s views were driven by his business interests in China, Taiwan News said.


Tesla proceeds with China hiring event despite warning 10% of staff may face layoff.
Tesla CEO Elon Musk. Photo: Reuters

 

China gave Tesla tax breaks for two of its models after Elon Musk recommended that China should “figure out a special administrative zone for Taiwan,” Taiwan News reported.

Taiwan’s politicians felt Musk’s comments were driven by his business interests in China, said the report, after the country’s Ministry of Industry and Information Technology (MIIT) said Tesla’s Model X and Model S would be exempt from vehicle purchase tax.

 

Read the full report: Taiwan News

 

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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