Draw a box around Tesla China. $TSLA will never extract a dollar of economic value from Tesla China. It is an internal yuan circular function. Yuans built the plants, yuans pay for the cars, but yuans never leave China. Tesla China competes with Fremont. Fremont loses. $TSLAQ— TeslaCharts (@TESLAcharts) December 30, 2019
Exactly. Tesla will never be allowed to take money out of China (especially so long as Tesla owes debt to the Chinese banks.) Meanwhile Tesla will shift production from Fremont to Shanghai over time due to the lower labor costs and weaker worker protections.— JC Oviedo (@JCOviedo6) December 30, 2019
And because the CCP will insist on it— TeslaCharts (@TESLAcharts) December 30, 2019
Their plan is likely to export to US and EU in 2021.— StillKickin (@ValueExpected) December 30, 2019
They should be able earn dollars and euros that way.
And what does that mean for Fremont— TeslaCharts (@TESLAcharts) December 30, 2019
Tesla China isn't shipping cars here.— Jackson (@JacksonStewal) December 30, 2019
Honestly Elon can report pretty much whatever he wants out of China and they will let him get away with it for a few years, or until credit markets lose their appetite.— Tanthallas (@tanthallas) December 30, 2019
China is just his way of keeping this going. Never about making money.
Correct. He can't take dollars out, but he sure can consolidate fraud— TeslaCharts (@TESLAcharts) December 30, 2019
Would think spot on — hard for any company to get their money out.— PMFractals7300P (@abovetreeline7) December 30, 2019