Plantagenet wrote:Oh-oh. Story just out that multiple Chinese regulators have gone to TESLA's China factory and urged the US company to come into compliance with Chinese laws and regulations.
tesla-urged-operate-according-china-law-four-separate-ccp-agenciesAnyone who's been following China knows that the CCP in China demands that foreign companies who want to operate in China must take on Chinese partners. Then, sometimes, the foreign technology is rapidly duplicated by a Chinese competitor, and the foreign company is forced out of China and replaced by the local Chinese company, who has somehow incorporated the modern technology.
For instance, European high speed train companies started out selling high speed train equipment to China, but then the Chinese somehow duplicated the technology and now all Chinese high speed rail manufacturing is done in China exclusively by Chinese companies.
I was concerned when Tesla built their factory in China that this might happen to Tesla. And sure enough.....a purely Chinese EV manufacturer called NIO has sprung up to compete with Tesla.
I'm keeping an eye on this new development. I wouldn't be surprised to see China put more and more obstacles in Tesla's way to enable Chinese EV maker NIO to outcompete Tesla and shut them out of China.
Now its TESLA vs. NIO to win the Chinese EV market......and I predict the CCP is going to help NIO winCheers!
When Tesla can't sell any cars in China, be SURE and get back to us.
When Tesla can't build any cars or batteries in China, be SURE and get back to us.
Meanwhile, in the real world, I'm glad to see the authorities SIT on Musk when he violates the laws and standards. The US authorities should be doing a much better job on that front, given his far less than sterliing track record in that area.
I predict Musk will do what needs to be done to comply in China, as China is important to at least the short to intermediate success of Tesla. Oh, and China has plenty of leverage to force compliance over time considering that the Tesla plant in Shanghai is leased vs. owned by Tesla. Clearly, Tesla having their lease terminated is NOT in Tesla's best interests.
No wild rumor mongering, conspiracy theories, trolling, or arm waving necessary, BTW.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.