Tesla CEO’s unannounced visits comes as Chinese carmakers are promoting rival models at the Beijing Motor Show.
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Tesla Chair Robyn Denholm says company believes in ‘big risks for the chance of big rewards’.
CEO Elon Musk says in memo that job cuts will leave firm ‘lean, innovative and hungry for the next growth phase cycle’.
The settlement avoids a jury trial months ahead of Tesla’s scheduled release of a self-driving taxi.