Miscellaneous News

KYli said:

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Elon Musk and China have a deal: China allows Musk own 100% of its investments in China and opens Chinese EV market to him; Musk promises to develop and use Chinese supply chain in its Chinese operations almost entirely in a short period of time, with built-in incentives and penalties.

So far, both sides have gotten what they shoot for and more. Musk scaled it EV production substantially and took the largest market share in the world's largest EV market. Tesla's market cap and Musk's net worth have gone through the roof. For China, the presence of Tesla has galvanized the EV market and has injected significant and much needed healthy competition into the industry. Consumer, competitors and the supply chain have all benefited from this competition.

China has proven to be the paradise for global capitalists. If they can bring significant benefits to China, that is.

weig2000 said:

Elon Musk and China have a deal: China allows Musk own 100% of its investments in China and opens Chinese EV market to him; Musk promises to develop and use Chinese supply chain in its Chinese operations almost entirely in a short period of time, with built-in incentives and penalties.

So far, both sides have gotten what they shoot for and more. Musk scaled it EV production substantially and took the largest market share in the world's largest EV market. Tesla's market cap and Musk's net worth have gone through the roof. For China, the presence of Tesla has galvanized the EV market and has injected significant and much needed healthy competition into the industry. Both consumer, competitors and the supply chain benefited from this competition.

China has proven to be the paradise for global capitalists. If they can bring significant benefits to China, that is.

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Yes pretty much agree with you. For capitalists, China is now the main enabler allowing them to earn and maximise return. They need to plug into China's 1. highly competitive and industrious supply chain to achieve mass production, at the same time being 2. the big market for them to generate revenue. America and EU might still hold some sway for those 2 in some niche sectors but China is already fast dominating the rest while still building up more competitive advantage in areas US and EU are still holding leadership on.

Berlin wants Trump-trashed trade deal back on table​

Germany is calling for discussions about the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US, which were halted by former US President Donald Trump, to be revived.

“We should resume negotiations on a transatlantic free trade agreement,”Christian Lindner, the finance minister of Europe’s number-one economy, told the German business newspaper Handelsblatt.

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Will the Democrats torpedo their half sinking ship one last time before the mid terms and for Trump return in 2024?

It's a typical American contradiction. The US says it wants to dominate the world in EVs. You can't do that if you're not selling in China.

Japan pushes India to denounce Russia

“We exchanged views at length in a small group today in an in-depth manner on the situation in Ukraine,” Kishida said at a joint press conference with Modi. “The Russian invasion of Ukraine is a grave incident shaking the very essence of the international order. We must respond in a firm and resolute manner.

“We confirmed any unilateral change to the status quo by force cannot be forgiven in any region, and it is necessary to seek peaceful resolutions of disputes based on international law,” Kishida added, as he stood beside Modi.

However, the Indian prime minister refrained from addressing the Ukraine crisis directly, only saying that “geopolitical events are posing new challenges.” He instead spoke about further strengthening the India-Japan partnership to “encourage peace, prosperity and stability in the Indo-Pacific region and on the global level.”

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Congrats to Zhou + China

P10 @ Bharain. Points in his F1 debut

hullopilllw said:

Yes pretty much agree with you. For capitalists, China is now the main enabler allowing them to earn and maximise return. They need to plug into China's 1. highly competitive and industrious supply chain to achieve mass production, at the same time being 2. the big market for them to generate revenue. America and EU might still hold some sway for those 2 in some niche sectors but China is already fast dominating the rest while still building up more competitive advantage in areas US and EU are still holding leadership on.

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Your foundation is wrong. And it is not your fault. In fact, the people who went through formal education in curriculums based on the narrative of the Western Academia are all misled by their own bias, and thus unable to understand why this happens.

The truth is, communism is against "capitalism", but "capitalism" does NOT mean capitalism (as understood by the West). The West understood every modern currency-based economic activity/behavior as capitalist. But Communism in the Eastern Tradition have a much much narrower and specific definition for "capitalism".

In fact, Elon Musk is NOT a "capitalist" by Chinese standard. He is viewed as an "Industrialist". "Capitalist" by Chinese communist standards are bankers and financiers. In this respect, China has always been very very cautious, suspicious and untrusting with what they really consider as "capitalists", giving them much much more restrictions. You don't hear nearly as much stories of foreign investment bank's huge success in China. In fact, the only foreign person/entity of the "capitalist" (bankers and financiers) category who can be considered to have a little bit of success in China is James Beeland Rogers Jr. and Warren Buffett.

Mohsin77 said:

Congrats to Zhou + China

P10 @ Bharain. Points in his F1 debut

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Holy fuck. A rookie!

This F1 season looks fun. They made a lot of technical changes. The previous seasons were droll and uncompetitive. It now looks competitive. Esp the battery packs. I think I'm gonna go back to watching F1 again. It finally looks worthwhile of watching.

Bahrain was epic. Both Red Bulls retired of engine trouble. The engineers are in deep trouble!

One of the cars overheated and caught fire. Typical Middle East weather. My boss said in UAE, all sports cars must be fitted with extinguishers. I can see why now.

weig2000 said:

Elon Musk and China have a deal: China allows Musk own 100% of its investments in China and opens Chinese EV market to him; Musk promises to develop and use Chinese supply chain in its Chinese operations almost entirely in a short period of time, with built-in incentives and penalties.

So far, both sides have gotten what they shoot for and more. Musk scaled it EV production substantially and took the largest market share in the world's largest EV market. Tesla's market cap and Musk's net worth have gone through the roof. For China, the presence of Tesla has galvanized the EV market and has injected significant and much needed healthy competition into the industry. Consumer, competitors and the supply chain have all benefited from this competition.

China has proven to be the paradise for global capitalists. If they can bring significant benefits to China, that is.

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Tesla Shanghai GigaFactory literally saved Elon's arse. You just need to pull out a daily TSLA chart for the past 4 years and compare it with SPY. Then you examine publicly known events of Tesla at pivot points in the chart. You get the picture without any third-party opinions or propaganda or FUD.

The original deal was a gamble from both parties. Shanghai is my home town where I still have lots of connections. Basically,

Shanghai has been looking to getting back to its previous glory as the #1 city in China after it missed Internet boom. Tesla wants scale out quickly and efficiently outside California (Fremont in particular). China is the place to be as far as EV is concerned: government support, addressable market, industrial supply chains, engineers and technicians, etc.

Tesla wants 100% control. Shanghai wants a cat fish with tax revenue potentials. So the deal is essentially Shanghai municipal government granted almost every wish of Elon (including full financing), while Shanghai gets guaranteed tax receipts in pre-defined time windows. The result was an out-of-the-ballpark surprise to all parties: Shanghai Giga started volume production in less than a year since ground breaking.

Elon becomes the richest dude on this planet. The rest is history.

So when you see Elon speaking nice about China on TV shows, don't be surprised at all. CCP literally has put tens of billions of $ in his pocket.