Elon goes to China, Lucid is selling stock for $3 billion, and Fiat’s cutest tiny EV
Correction: A previous headline of this post said Rivian was selling stock for $3 billion. Lucid Motors is planning to raise $3 billion through stock sales. We regret the error.
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
Rebecca Bellan here, and yup, I’m still steering the ship.
The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to strengthen Tesla’s ties with the world’s largest auto market. It’s Musk’s first visit since the COVID-19 pandemic, and his commitment to China isn’t surprising given how much China’s vehicle sales carry the automaker’s global sales. In Q1, China accounted for over half of Tesla’s deliveries.
Even though Twitter is banned in China, Musk has still managed to make himself something of a legend to the Chinese people, reports Rita. The CEO has over 2 million followers on Weibo, where Musk shares his admiration for China, his opposition to cutting off supply chains and his plans to expand his…