The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.
The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.
And Tesla had a helping hand in making China the leader in EVs. It’s why China let Tesla operate in the country in the first place. Tesla’s presence accelerated the growth of every domestic business that is part of the EV supply chain. Since Tesla was required to use local businesses. So when Chinese EV competitors opened business the entire supply chain was already in place and up and running.
Same thing happened with smartphones thanks to Apple’s investments and training new Chinese phone makers were able to design, produce and launch a new phone in record time.
You’re not wrong they helped by being there which set up a supply chain, but Tesla wants to use a hyper localized supply chain regardless of requirements. Localized supply chains get costs down, which is partly how they managed higher margins than other legacy OEMs
They do it in the USA and EU as well.
Edit: also I’m sure China was able to spy on them once there and share info with other Chinese OEMs