Tesla to retire these versions of Model S, X vehicles

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Billionaire Oracle founder Larry Ellison reveals $1bn stake in Tesla

These prices don't include the federal tax credit, which recently decreased from $7500 to $3750 after Tesla passed 200,000 electric vehicles sold in the U.S. This move also follows a $2000 price cut across the lineup and a simplification of option packages and color selection for the Model S and Model X lineups.

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. Helping thaw frosty relations between the USA and China, or getting the company's planned $5 billion plant outside Shanghai up and running by the end of the year? When it is fully operational, it aims to produce 500,000 vehicles a year, capitalizing upon the world's largest market for electric cars.

Two days after Musk appeared at a muddy groundbreaking ceremony for his newest gigafactory, China's Premier Li Keqiang met with the billionaire-entrepreneur in Beijing and said he hopes Tesla's CEO can do both. Musk was offered permanent residency in China after he said he loved the Asian nation and hoped to visit more regularly.

Musk said China's development speed and efficiency are impressive, and it is hard to imagine that the process of opening a vehicle factory could be done in such a short period of time.

Tesla's factory is a big deal for Shanghai.

Li then responded, "If you do, we can issue you a Chinese green card". This prompted the Securities and Exchange Commission to order greater board oversight, which said that this and other claims by him were false and misleading and affected Tesla's stock.

The premier also congratulated Musk on moving forward with the new multibillion dollar factory, which will be the first plant in China to be entirely owned by a foreign company. With no end in sight to the U.S.

Earlier on Wednesday, a Chinese government spokesman said three days of talks with US envoys aimed at ending a costly tariff battle had ended, but no details were immediately released.

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