How Tesla Planted the Seeds for Its Own Potential Downfall
Update: 2024-04-09
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When Elon Musk set up Tesla’s factory in China, he made a bet that brought him cheap parts and capable workers — a bet that made him ultrarich and saved his company.
Mara Hvistendahl, an investigative reporter for The Times, explains why, now, that lifeline may have given China the tools to beat Tesla at its own game.
Guest: Mara Hvistendahl, an investigative reporter for The New York Times.
Background reading:
- A pivot to China saved Elon Musk. It also bound him to Beijing.
- Mr. Musk helped create the Chinese electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on China.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
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Shocking story 😯😯 The Western world has never realized that China's so-called "follow your way, and then leave you with no way to go" partnership model for more than 40 years has been very successful... until now!