Tag: Fremont (Calif)

Why Elon Musk Needs China

Media Library

When Elon Musk first set up Tesla’s factory in China, he appeared to have the upper hand. He gained access to top leaders and secured policy changes that benefited Tesla. He also got workers accustomed to long hours and fewer protections, after clashing with U.S. regulators over labor conditions at his California plant. The Shanghai factory helped make Tesla the most valuable car company in the world and Mr. Musk ultrarich. But Tesla is now struggling. Mr. Musk helped create his competition, Chinese E.V. makers that are taking market share…

Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.

Media Library

When Elon Musk unveiled the first Chinese-made Teslas in Shanghai in 2020, he went off script and started dancing. Peeling off his jacket, he flung it across the stage in a partial striptease. Mr. Musk had reason to celebrate. A few years earlier, with Tesla on the brink of failure, he had bet on China, which offered cheap parts and capable workers — and which needed Tesla as an anchor to jump-start its fledgling electric vehicle industry. For Chinese leaders, the prize was a Tesla factory on domestic soil. Mr.…