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China is freer economically: its economic freedom trajectory is trending up while Bay Area's is trending down. You can also see the growth numbers in both place

• tenpies 6y ago
  > China is freer economically Freer economically as long as the Party wants you to be free. Otherwise they'll bankrupt you overnight. I am incredibly curious to see how the Tesla Shanghai project plays out, given some of the extremely favourable clauses that China got out of Musk. I would bet that the factory is not really Tesla's any more within 5 years, and that Tesla Shanghai begins cannibalizing Tesla Proper's sales this year. For reference: money earned by Tesla Shanghai cannot leave China, so every sale they make abroad is money that will be in China for a long while.