Why Elon Musk has learned to love China
is trying to topple Tesla, it is going about it in an odd way. It is copying some of the very aspects of Tesla’s business model that have made the American firm’s survival a matter of constant concern, such as lavish spending on sophisticated technology, resulting in correspondingly large holes in its cashflow statements. If anything can kill Tesla, it is more likely to be its perennial difficulty in generating cash than competition from a Chinese upstart with the same problem.
priced at above $70,000, in 2018. Shortly afterwards it issued shares on the New York Stock Exchange, both to raise money and to heighten its international profile so that it could sell cars around the world. Its shareholders include Baillie Gifford, an Edinburgh-based fund manager that is the largest institutional investor in Tesla.’s Tesla-killing aspirations got the better of it, though.
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