Elon Musk is sucking up to China, and it points to a dark future for Tesla
So far, Tesla has had success in China's fast-growing electric-vehicle market, but domestic competition is getting more fierce.
"What will likely happen is Musk will play with pricing on the Model Y to make up for the Model 3," Le said."In China it's the law of diminishing returns, though, because there's always new products. In the US and Europe that trick works, but in China that's not the case." "My message would be this: China's strategy when they target a certain industry is to get you into China and then eventually, over time, replace all your suppliers. 'Our supplier will be cheaper' or 'It's reliable.' Then they take technology away from you," Shum said, referring to a company's intellectual property."Once they replace all your suppliers, you are beholden to them. If you are Elon Musk, that's what you're looking out for.
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