Elon Musk's support for Donald Trump, including a significant financial contribution of over $100 million to his campaign, could have implications for Chinese President Xi Jinping if Trump is reelected.
Musk, the CEO of Tesla Inc. and SpaceX, has developed extensive business interests in China, which have granted him unique privileges not typically given to foreign investors. Notably, Tesla has been granted an unprecedented concession that allows it to have full control over its local subsidiary in China. Currently, around 50% of Tesla electric vehicles are manufactured in China, highlighting the country's importance to the company's operations.
Musk's close relationship with Trump may have an impact on future U.S.-China relations, particularly in the areas of trade and investment policies.