China is one of the most lucrative markets for Tesla. Luo Yunfei/China News Service via Getty Images Tesla is glad to see new data-security laws, Elon Musk said at China's World Internet Conference. "Data security is key to the success of intelligent and connected vehicles," he said on Sunday. Musk's collaborative tone came despite China's richest tech titans dealing with huge losses. See more stories on Insider's business page. Tesla is glad to see new laws relating to strengthening of data management, Elon Musk said at China's World Internet Conference on Sunday.Musk didn't specify that his remarks related to China's strict data protection law, but said Tesla's data centre in the country localizes all data generated for business there.Beijing has been moving to tighten regulation for several months to rein in the power of Big Tech.The nation's Personal Information Protection Law, set to be implemented on November 1, lays out rules around better user data storage and conditions under which companies can gather data, including obtaining prior consent."Data security is key to the success of intelligent and connected vehicles," Musk said in prepared remarks to the summit.

 

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