As CEOs Head to China, Elon Musk Hailed as 'Global Idol' and Treated to 16-Course DinnerElon Musk, Jamie Dimon and Laxman Narasimhan are all in town for separate business matters.

ByEmily Rella

It's a busy week in China as some of the biggest names in U.S. business are in town — Elon Musk, JPMorgan Chase CEO Jamie Dimon, and Starbucks CEO Laxman Narasimhan have all gone overseas.

Dimon, who's there for a three-day JPMorgan summit in Shanghai, is hoping his visit will help smooth things over after he made a joke in 2021 that his company would outlast the Chinese Communist Party.

“你不会修理这些东西如果你是just sitting across the Pacific yelling at each other. So I'm hoping we have real engagement," he said at the conferencethis week.

Narasimhan is also in Shanghaifor business meetingsand announced that he's doubling down on plans to open another estimated 2,800 locations in China by the end of 2025, hoping that the country will become the coffee chain'sbiggest market.

But all eyes have been on Musk, who arrived in style via private jet to Beijing on Tuesday before heading to Shanghai on Wednesday to check up on Tesla's factory and meet with staff members there, according toReuters.

Musk is visiting the country for the first time in three years after pandemic-era restrictions hindered travel to the country, and the masses are happy to see him.

Reutersalso reported Muskis being calleda "global idol" and "Brother Ma," in reference to famed Chinese billionaire and businessman Jack Ma who co-founded Alibaba.

Chinese social media and blogging site Weibo shows what appears to be a customized menu for dinner, along with Musk's arrival, who's seen entering the building with Chinese billionaire Zeng Yuqun, founder of battery manufacturer Contemporary Amperex Technology.

Musk and Yuqun in Shanghai this weekvia Weibo

菜单在福燕骄傲地显示罗特斯拉的人go, featuring 16 courses and an homage to the electric car company calling it a "dark horse, standing out from traditional automotive companies and making remarkable achievements."

The menu for Musk's dinner in Shanghaivia Weibo

Tesla, which opened its Shanghai gigafactory in 2018, isset to beginconstruction on a battery factory at the same location by Q3 of 2023, with production estimated to reach completion by Q2 of 2024.

Tesla's Megapack, a rechargeable battery energy storage device used at battery storage stations, will primarily be produced in the new facility.

Musk did not post on social media about his visit overseas.

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Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

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