So Elon Musk goes on, builds a manufacturing unit in China. And he does so in Shanghai, in which he builds a close partnership While using the major Formal in the city, who in fact has become the amount-two official in all of China, Li Qiang.
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If I do think again on Those people many years I invested living in Shanghai and Beijing when it had been really polluted and there were days once you couldn’t go outside — I don’t Believe anybody wishes to go back to that.
So In keeping with Chinese point out media, Elon Musk really proposed making the manufacturing unit in two yrs, which might be rapidly. And Li came again and proposed they do it in one yr, which — items go up truly promptly in China.
It had been certainly an enormous earn for Tesla. And we know that in just a few decades Tesla, made Pretty much $1 billion within the emissions-buying and selling plan he aided lobby for in China.
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Ideal. So the sort of latest Cold War that individuals are speaking about among the US and China is, in a sense, the backdrop to this story. But on 1 level, what we’ve been speaking about, it’s seriously a company Tale, an economic story which has this geopolitical backdrop.
So, Mara, you’ve just advised us the weed in paris story of how Elon Musk utilized China to show Tesla into the greatest vehicle maker on the planet and himself — at a person stage — into the richest male on the globe. Now I want to comprehend another aspect of this Tale. How did China use Tesla?
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So, Mara, all this raises a Substantially bigger concern for me, which happens to be, who will very own the way forward for EVs? And dependant on every little thing you’ve reported up to now, it looks like China owns the way forward for EVs. Is the fact proper?