His "gamble" on China was an instant and spectacular win. Shanghai approved in 2018, factory ground broken in 2019. Sold half million cars in 2020, three-quarters of a million in 2023.
He went into a market that buys twice as many cars as the US so the "gamble" was never economics just political.
A real gamble would be putting that factory anywhere else in the world where Tesla would be lucky to sell a 1000 EVs a month plus no eco-system (meaning Tesla would need to spend enormously to build while importing components in the meantime.)
Musk is smart so he picked economics over politics
In fact, he didn't pay a dime at the Chinese factory.
Businesswise, he is a genius
Good luck to you and India
Musk built a factory in Shanghai during an US-China trade war, instantly established a market that buy 75000 of his cars per month and tapped into an EV eco-system that allowed him to not only supply China but also launch an export campaign into Europe with cars from his Shanghai plant.
He is pretty revolutionary and strategic in thinking
Perhaps you didn't read what I wrote earlier , or having read it didn't understand it's import or as usual Baidu translate screwed up or can't expect much from you given the usual quality of your posts or some or all of the above reasons.
Let me reproduce it for your benefits. This is assuming you're familiar with casino house rules. Here goes :
Classic casino manoeuvre for high stakes players. Bait them , get them hooked , then clean them up .
I've highlighted color coded & underlined it for your easy understanding. Btw congratulations are due to CCP once more for screwing the gwailou . Gwailou thinks he's a monopoly for screwing everyone & everything over. Thanks on behalf of the global South for being the only DEVELOPED country from here to stick it into the gwailou.
Btw India invited Musk for the same reasons China did . That we'd have a global brand which acted as a magnet for more investment especially in high tech areas or tech of the future. The idea was never to depend on domestic sales but to use India as a mfg base to export .
China's plans were much more sinister . Get Tesla in , inveigle it into mandatory JVs involving sharing tech , get Tesla into sourcing domestically gradually increasing the indigenous component share till it reached 100% & then boot him off . Right now we've just entered "boot him off phase. " I'm assuming in the next 4-5 yrs Tesla would be forced to shut shop & relocate.
In the meanwhile as news spreads in the world that Tesla is completely dependent on Chinese supply chains & that these very same companies which're supplying to Tesla being their Tier 1 suppliers have now entered the market with their own offerings like Build Your Deathmobile or BYD , it automatically boosted their market reputation.
Hence congratulations to Build Your Deathmobile for cracking the S.E Asian , Israeli , EU & possibly the American markets too . You'd excuse us for not sharing your enthusiasm for the quality of Chinese products is something we consider suspect. We'd reserve our judgement for the next 3-4 yrs to check for quality.
Once the Chinese EV OEMs like Build Your Deathmobile cross that threshold successfully we'd definitely acknowledge the supremacy of the Chinese in this field. Till then we reserve our judgement.
Btw India in 2030-33 along with significant parts of the world would be exactly where the Chinese EV OEMs & the Chinese markets are today for EVs. Just for confirmation.
Once again pls pass on my congratulations & that of the Indian members of DFI to the CCP thru your handlers in the MSS. Well played !