CEO Musk upbeat about Tesla's future in China - tweets

Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations on Monday, sparking a sharp rebound the company's stock. He also tweeted that he visited Chinese President Xi Jinping and other government officials and expressed "great faith" in Tesla's embattled team in China. The company's stock has been battered this year by investors concerned about the automaker's failure to hit sales targets in China and the departures last year of two top Tesla executives in that country.

via Business News http://ift.tt/1Nv1ect