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"contentText": "So, the Chinese state media has been shit talking Tesla for weeks, and their sales are plummeting in China as a result. After a woman protested Tesla at the Shanghai Auto Show in April, state media organs compared their cars to the Samsung Galaxy Note 7. Yes, really. Both in terms of production and sales, Tesla needs China. But does China need Tesla? With three viable EV startups on the market, the answer is no. First off, it is no coincidence that XPeng, Li Auto, and Nio all opened around 2015, when Tesla first started to become profitable. DiDi drove out Uber, Baidu drove out Google, and these theee EV startups will drive Tesla out of the biggest EV market in the world, because the Chinese government has a history of economic protectionism. They subsidize the fuck out of the industries they want developed, then force out Western companies by any means necessary. Look, Iโm not saying โdonโt invest in Tesla.โ Iโm saying consider the three EV startups in China, and watch that market very, very fucking closely. April, viral video of a woman protesting Tesla: https://www.cnbc.com/2021/04/23/tesla-in-china-pressure-mounts-on-carmaker-after-customer-protest.html April and May, sales go down as Chinese EV sales moon: https://www.cnbc.com/amp/2021/05/12/teslas-china-sales-tumble-in-april-from-march.html https://www.cnbc.com/amp/2021/06/09/teslas-china-sales-struggle-to-bounce-back-from-an-april-slump.html June, Tesla issues massive โsoft recallโ of over 200k Chinese vehicles amid regulator scrutiny (that is pretty much every Tesla vehicle in China): https://www.cnn.com/2021/06/28/business/tesla-china-recall-intl-hnk/index.html Note: In case this entire post does not make it abundantly clear, I have no positions in TSLA. I do, however, own XPeng and Li Auto stock.",
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