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"China is doing well. We have been growing a lot here ... We are very happy with the performance we have seen in this market and it is still early in its development. We have only been serving this market directly from the US for the last 10 years and so it takes time to build a more profitable franchise," said Bastian.

"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

"But when prices of companies stop declining and start to rebound, it is a clear sign of bottoming out. As long as these companies are healthy at the financial and operational levels, investors can feel confident to hold a long position on them. In the long run, China's A-share market will pick up slowly but the bullish performance can be expected for about 10 years," he said.

"By March the title wasn't a provocation any longer," he said. "It was obvious."

"By further expanding the opening-up and forging a level playing market environment, it will help to ensure sufficient competition, optimize equity structure and regulating shareholders' behavior," Guo said.