Will China Bankrupt Tesla?
This is a narrative that still is floating out there. We are beginning to see the absurdity in it yet it persists.
In this video I discuss the numbers coming out of China and how Tesla is doing relative to others. We also look at the totality of the company's operations.
▶️ 3Speak
0
0
0.000
Am not sure china might be able probably Elon musk will sell another series of burnt hair to meet up the standard.
Posted Using LeoFinance Beta
Wasn't China giving some benefits to Chinese-owned companies? I recall seeing that during the pandemic and I don't know if shipping those cars over to other countries is that great with shipping costs going up (due to oil prices right now).
Posted Using LeoFinance Beta
Summary:
In this video, the speaker addresses the persistent viewpoint that China is bankrupting Tesla, often perpetuated by Tesla skeptics such as Tesla Q. The speaker refutes this claim by discussing how the entire car market in China is contracting due to the struggling economy, affecting all manufacturers, not just Tesla. Despite challenges, Tesla remains favored in China due to its brand, environmental consciousness, technological advancements, and job creation. The Chinese government supports Tesla as it creates jobs and is a key player in renewable energy. The speaker emphasizes the importance of Tesla to China's economy and dismisses claims of Tesla's impending bankruptcy based on short-term fluctuations in delivery numbers.
Detailed Article:
Task discusses the misconception that China is bankrupting Tesla, a viewpoint often propagated by Tesla skeptics like Tesla Q. He addresses the roots of this narrative, which emerged when the Shanghai factory first opened in 2019. Despite the lingering doubts, Task clarifies that the contraction of the entire car market in China is primarily attributed to the struggling economy, impacting all car manufacturers, not solely Tesla.
Task highlights various factors that contribute to Tesla's favor in China. One prominent aspect is China's environmental consciousness driven by severe pollution concerns in urban areas. Tesla's electric vehicles align with China's efforts to improve air quality, making the brand desirable in the country. Additionally, Tesla's strong brand presence and focus on cutting-edge technology resonate well with Chinese consumers, who value innovation and technology.
Moreover, Task emphasizes Tesla's role as a renewable energy company, involved in not just electric vehicles but also battery and solar panel production. He notes Tesla's contribution to job creation in China, a key factor that garners support from the Chinese Communist Party (CCP). Tesla's Shanghai factory employs a significant number of people, with a high percentage of locally sourced materials, further boosting job opportunities in the region.
Task delves into the broader economic implications of Tesla's operations in China. He explains how Tesla's manufacturing activities and supply chain engagements have a cascading effect on various industries, from battery production to transportation logistics, thereby benefiting the overall economy. The CCP's support for Tesla stems from its role in job creation and its potential as an exporting hub, essential for China's economic strategies amid shifting global supply chains.
In conclusion, Task dismisses claims of Tesla's impending bankruptcy in China, emphasizing that short-term fluctuations in delivery numbers do not signify a downward trend. He cautions against drawing conclusions based on isolated data points and urges viewers to consider the larger economic context in evaluating Tesla's performance in China.