Posted on 03/27/2024 8:14:49 AM PDT by Miami Rebel
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
When Elon Musk unveiled the first Chinese-made Teslas in Shanghai in 2020, he went off script and started dancing. Peeling off his jacket, he flung it across the stage in a partial striptease.
Mr. Musk had reason to celebrate. A few years earlier, with Tesla on the brink of failure, he had bet on China, which offered cheap parts and capable workers — and which needed Tesla as an anchor to jump-start its fledgling electric vehicle industry.
For Chinese leaders, the prize was a Tesla factory on domestic soil. Mr. Musk would build one in Shanghai that would become a flagship, accounting for over half of Tesla’s global deliveries and the bulk of its profits.
Mr. Musk initially seemed to have the upper hand in the relationship, securing concessions from China that were rarely offered to foreign businesspeople. But in a stark shift, Tesla is now increasingly in trouble and losing its edge over Chinese competitors in the very market he helped create. Tesla’s China pivot has also tethered Mr. Musk to Beijing in a way that is drawing scrutiny from U.S. policymakers.
Interviews with former Tesla employees, diplomats and policymakers reveal how Mr. Musk built an unusually symbiotic relationship with Beijing, profiting from the Chinese government’s largess even as he reaped subsidies in the United States.
As Mr. Musk explored building the factory in Shanghai, Chinese leaders agreed to a crucial policy change on national emissions regulations, following lobbying by Tesla that was not previously reported. That change directly benefited Tesla, bringing in an estimated hundreds of millions of dollars in profits as China production took off, The New York Times found.
(Excerpt) Read more at nytimes.com ...
Wow the old attack machine by the left is in full swing agaisnt Elon now- are they afraid people will be allowed to voice their support for Trump publicly or something?
Is stating the fact that he is in bed with the Chinese regime an unfair attack? Then I suppose that this is an attack.
It kills two deep-state birds with one stone
It ramps up hate against Musk, who made Twitter the only non-regulated, free-speech (and thus conservative) media outlet available
And it continues the propaganda march to war against China.
He sold his soul to the CCP with Tesla, and now Tesla will be put out of business in China due to the ultra low priced competition.
What's worse is, eventually China will demand Space X technology and I'm of the opinion Musk will cave and give them what they want.
inventor...Has 23 patents.
The NY Slimes bound themselves to Communist China for free.
Space X is Musk’s baby. He has to realize the world can’t do electric and not build power plants on a massive scale to power them. And the West dimply isn’t doing that. Electric vehicles are the new century’s Edsel.
“A truth that’s told with bad intent, Beats all the lies you can invent.”
William Blake
Translation: China steals Musk’s IP as much as it steals everybody else’s. Also, if Musk being in bed with China makes him evil (according to the NYT), then the same should be said for all the leftist organizations that push China’s paid narrative of warmageddon and marxism.
You are smarter than Musk?
“Also, if Musk being in bed with China makes him evil (according to the NYT)....”
I read the entire article. The word “evil” doesn’t appear.
Elon Musk’s fortunes are tied to China. What other companies and organizations do in China is not germane to a discussion of Tesla, unless you think that the fact other companies doing business there make’s Tesla stake less problematic.
I wonder how NYT feels about Nike or Apple and their cozy, cozy with China...
“He has to realize the world can’t do electric and not build power plants on a massive scale to power them.”
He has already stated that some time ago, which is probably where your realization came from. What else concerning car manufacturing have you realized that Musk has not?
The Times and every other major news outlet have been reporting on Chinese investments by Nike and Apple for decades.
Does the fact that your Kenmore washing machine might be made in Shanghai make an article on Tesla’s manufacturing plant there less relevant?
BTW, I don't have a Kenmore. Sorry...
Three Useful Idiots gave it their best shot on this article, didn’t they?
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