Why were Musk other tech CEOs in China with Trump

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Chinese leader Xi Jinping met with US executives during his historic summit with President Donald Trump, according to Chinese state-run media. More than a dozen US business leaders, including Tesla’s Elon Musk, Nvidia’s Jensen Huang and Apple’s Tim Cook, traveled with Trump to Beijing. The entourage of CEOs covers industries ranging from aerospace to tech and banking.
CNN anchor Kaitlan Collins hosts journalist Kara Swisher to discuss the President's relationship with Elon Musk, as well as what tech CEOs may be hoping to accomplish during the visit.
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Nearly a year ago, President Trump and Elon Musk's relationship was basically in tatters,
as Musk was posting about the president appearing in the Epstein files,
which we didn't know about at the time, also calling for a third Trump impeachment.
That was when the president responded by saying that Elon Musk had, quote, lost his mind.
Well, now the two of them are back together in Beijing tonight, as Elon Musk was seen taking
in the sights, twirling around with his phone as he waited for the president alongside of America's
other top CEOs. He was also seen in that photo op with Apple CEO Tim Cook, as he also walked
around with his six-year-old son at those high-level meetings that have been playing out
in Beijing. Joining me now to talk about all of this is the tech journalist and CNN contributor
Kara Swisher. And Kara, just first off, what's your view been of this visit and the trillions
of dollars of net worth that are accompanying President Trump? Well, he took 17 CEOs and
just three diplomats on the plane. I mean, it's interesting. It feels like a chamber of commerce
meeting to try to drum up business for the United States when there's some very serious issues,
as you just noted earlier about Taiwan and some other things that Xi was there in a very strategic
way. This felt more like you want to buy some planes, but that's okay. That's one way to do
diplomacy, I suppose. And Elon being there, you know, breaking up is hard to do, I guess.
And so they're back together because the money and the convenience and the things Elon wants,
especially as he moves into this next period where he's going to take SpaceX public and stuff
like that. So he wants to cooperate with the current administration. Yeah, I mean,
and China's the most important market outside the United States for Tesla. He's got a big factory
there, makes half of their cars. Do you think that is what has played a role in the mending
of this relationship between the two of them? Because he wants to be able to go with the
president on trips such as this? Well, everything is transactional with these people. Every one of
them on that plane was transactional, whether it was the NVIDIA CEO or Tim Cook or anyone else.
These are people with different things they want from the president and from China. In case of
Apple, they have extensive consumers. They have extensive amounts of consumers and creating stuff
there. Obviously, NVIDIA wants to sell these chips into China, and they used to have a pretty big
market share. Now it's very low and they want to get back in there. Elon has all manner of different
things he wants. And so and Boeing, of course, selling jets to China and things like that. And so
they want to be there. And that makes sense for them to be there from a financial point of view.
I'm not sure if that, you know, someone called it summitry. I'm not sure anything got done,
but maybe we'll have another summit. And that's always a good thing to keep talking with China
because we need to. And one of the things that disappointed me is they didn't have a talk
on the kind of things we want to do around A.I. the way we did maybe around nuclear weapons.
But that was a that was a group of A.I. cheerleaders. So you're not going to have anything
resembling discussions about safety or anything else.
It also I mean, it's a reminder of the stark contrast in the first Trump term and how the
business community treated the president then and what we're seeing now. I mean, so many people were
critical of that inauguration seating chart. But this is kind of evidence of probably a big
driving factor for that. So they could go on trips like this. Well, as I said, it's a coin
operated presidency. And they figured out very quickly that you put money in and you get stuff
out like Andreessen Horowitz spending the most money towards the midterms. They understand it's
a very small amount of money to spend one hundred and fifteen million dollars because they get so
much more. They get billions and billions out of it. And so they sort of figured out it's a cheap
way to get what you want. And that's what they're doing. And they will they will continue to do that
because shareholders, as I've said over and over again, are their biggest goal. And that's fine,
I suppose. That's what they're doing. But it's pretty explicit. Well, you mentioned Nvidia and
tonight Reuters is reporting that the United States has cleared 10 Chinese firms to buy their
second most powerful chip, which obviously could be a huge opportunity to make money. But I mean,
even Republicans in Washington have raised concerns about which Chinese companies are
getting access to what given the competition that's playing out here. Yeah, I recall it was
Donald Trump who said that and was absolutely correct is the one thing I agreed with him on
in the first term was, you know, the dangers of China getting our our most important technology.
And their argument is they're going to build it themselves. And they sure are. But we're still
ahead here. And you shouldn't you know, there's I heard the arguments on the other side. And it's
just he wants to get in these markets. And so Jensen Wang is going to do whatever he can to
be very close to Trump, including racing up to Alaska to get on the get on the plane with him.
Yeah, Trump. There have been reports that he wasn't going and Trump made clear
that he did have a seat. Who cares? Who cares? Can I ask you? Because one thing that I'm
interested in has been playing out in all of this is this trial that's underway with Elon Musk
and OpenAI and Microsoft and Sam Altman. Both Sam Altman and Elon Musk testified during the trial.
A judge actually told Elon Musk he was not excused to leave, but he did not attend. He's
not attending the closing arguments because he's in China. What do you make of whether that will
have any impact on this? I don't know, because the judge will be the one deciding on remedies.
So he doesn't listen. It's just like Trump. Remember when Trump did things he wasn't
supposed to do in the trial in the courtroom? Elon just doesn't play by his own rules and he's
about to become the world's first trillionaire. And so he's going to really play by his own rules
going forward. You know, whatever. He's going to break another rule and no one's going to do
anything about it. And so, you know, I think he'll put in the mind of the judge who seemed
irritated by him many times during the trial. I mean, this is the strangest trial. It's the
stupidest trial and makes AI talk about making brand AI look idiotic. And I think I just said
something on one of the social media thing. It's the stupidest trial of people that didn't get
hugged enough as children, like the kind of pettiness and the anger between them and the
name calling. It feels very playground and it certainly doesn't make me feel good about the
people running these AI companies. Most people think the jury will decide and then the judge
will decide remedies. Probably most people think Elon's the underdog here. You know, we'll see.
They were pointing fingers at each other. Musk was calling Sam a liar and and and vice versa.
And so who does the jury not like more? Probably Musk would be my guess, given all the other
antics he's pulled over the last year. Is there anything in the trial that has surprised you
or as you've watched it? I just how how petty and small these people are, whether it was,
you know, the woman who had children with Musk not telling the board about the children,
it might be some possible disclosure you might want to give to a board or the diary of Greg
Brockman where he's just like mulling things. I think what struck me so much was the tininess of
these people, the tiny, petty silliness that these are the richest and most powerful people on earth
and they're like wildly unhappy. And that was just an insight I had. I was like, wow, they really are
just a group like people I wouldn't want to have at a dinner party, I would say.
And, you know, and it's kind of silly because there's really serious issues around A.I. and
and to spend time doing this trial because you you walked away from a company and now you're mad
about it seems like a waste of time and money for certainly the judge, the jury. But these people
just can't get through all their ridiculous drama, whether it's at the White House or the Defense
Department or whatever. And this is Silicon Valley acting like the toddlers. I have always thought
many of them, too many of them to be. How significant is Elon Musk's presence in China,
both in terms of his relationship with President Trump and also what it signals
for the world economy? Well, I mean, I mean, Anderson, if you are the world's richest man
spending the days it takes to get to China, I mean, that's literally the most expensive commodity
anyone on earth has to sacrifice. And so it means something that he is there. It also means something
he's not back in Oakland, where I am, where he's awaiting the verdict in the Sam Altman lawsuit.
The fact that he's there really has to do with, you know, for all of these CEOs in attendance,
Xi Jinping does not need them as much as they need him at the moment. I mean, Musk himself is
in a position of trying to get so many different things out of China at a time when his companies
are in a way working against one another. China is panicked about Starlink. It doesn't like the
satellite communications company that he makes, even as he's trying to buy solar panel manufacturing
equipment to the tune of about three billion dollars from the from the country. And China,
you know, has a nationalized policy. It can make a choice about all of this stuff. And I would argue
that Musk isn't even the most exposed there. I mean, poor Tim Cook entirely owes his business
to China. And so all those people on that dais there are not there for the photo op. They're
not there for the chicken. They are there because their companies need them to be there.
I wonder what you make of Elon Musk's behavior that we're seeing,
you know, taking pictures with Tim Cook, walking around with his his young son.
There's no way to really decipher, obviously, what's going on on his mind. But during a trip
like this, what would he be doing? Who is he? Would he be meeting with?
This is my favorite one, right? He's mugging for the camera as he's taking a photo with Tim Cook
there. Right. I mean, yeah, I don't know about you. Like when I take international trips and I
wind up at that dinner at the end of it, my head is on the table. This guy's pretty animated for
someone who's just been traveling the world. And that's a very different guy, I would say,
than the person that I watched on the stand in Oakland, who's biting his lip, clearly displeased
to be there. And so, you know, again, I think he is a man moved by many things. He also brought his
son with him. That poor kid had to make the trip as well. And, you know, perhaps that's a move to
ingratiate himself with the Chinese. It's a famously family culture, you know, a family
friendly culture. But boy, it's a it's a that's a long trip for a little kid. And and Musk is a is
a he's not the typical tourist dad, I would say. Trump spoke of the CEOs traveling with him as
paying respects to China. How much do you think the interests of those tech companies and those
CEOs align or not align with President Trump's goals for the trip? Well, I mean, Tim Cook is in
an impossible position, right, because he saw, you know, three billion dollars worth of tariff
payments come out of Apple because of Trump's tariffs. And then even when the Supreme Court
struck down those tariffs, he's been hit with new ones that in a way put his company in an
entirely worse situation. At the same time, he needs China to make everything for Apple. That's
why that company has the incredible profit margins it does. So that's an incredible problem.
Jensen Huang is there. He's the CEO of NVIDIA, which makes all of these cutting edge AI chips.
You know, he said in an interview recently that the market share that he had in terms of selling
AI chips to China went from 95 percent to zero because of President Trump's policies. And so
in as much as these guys are all there in part to, you know, pay fealty to Xi Jinping and absolutely
need to please that guy, they also have to please Trump. And I'm sure in the time that they have
him on Air Force One, they're going to be working him as hard as they can.
