Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The company's share price closed out the daily session up 3.1% and had been up as much as 6.3% earlier in trading.
Han has used the visit to meet with members of the American business community, including Tesla CEO and close Trump associate Elon Musk, according to Chinese state agency Xinhua. Musk is widely thought to be seen by Beijing as more sympathetic to its interests than others in Trump’s orbit.
Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.
Unless its owner agrees to sell, TikTok will be banned in the U.S. on Jan. 19. Here's how to download your account if no one buys the app.
Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.
Han Zheng is scheduled to attend the celebrations in Washington D.C. on Monday and is the most senior Chinese official to attend a U.S. inauguration.
After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.
Steve Bannon, who has many axes to grind, said Sunday on ABC’s This Week that it’s wrong to think of the tech billionaires as oligarchs running the country. Instead, they are “supplicants”: “President Trump broke the oligarchs, he broke them and they surrendered,” Bannon said.
The U.S. Supreme Court heard oral arguments last Friday from TikTok, which claims the ban is a breach of American's First Amendment rights. And after more than a week, the court handed down its decision to uphold law that could ban TikTok in the U.S.
Ross Gerber called for a TikTok ban, labeling it a national security risk and accusing the app of being a tool for Chinese government.
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations if TikTok fails to fend off a controversial ban.