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Bloomberg Television

Musk in China | Elon Inc. #podcast #technology 💞

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Tesla’s made enormous amounts of money in the Chinese market half their Global sales come from the the Shanghai Factory and obviously uh the Chinese government it has been greatly helped in achieving its goal of becoming a global leader in the EV industry you could say that Tesla has helped its competitors uh become large enough and big enough to eat it I would say a relationship a kind of a a a mutual symbiosis between Tesla and China in 2017 and that has in some ways the balance of power has shifted to some extent towards Chinese government officials because Tesla’s Global industry share has weakened um in part because it was you know it was a unicorn it was out first it helped create the EV industry to begin with and it was all there were always going to eventually be competitors eventually so to some extent perhaps this is inevitable so I’d say perhaps in the long run it will have benefited China more but you know Elon Musk is fine he has a lot of money he’s doing fine

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