I don’t think they’re increasing reliance on China. A lot of the presentation seemed to be about ways they’re actually reducing dependency on China. Giga Mexico

I don’t think they’re increasing reliance on China. A lot of the presentation seemed to be about ways they’re actually reducing dependency on China. Giga Mexico, for instance, should have lower labor costs than Giga Shanghai. Scaling up across the board reduces the need for Giga Shanghai, which Tesla relied on to keep up with global demand. They’re also in-sourcing electronics which should help give Tesla greater supply chain control. Plus the non-rare-earth high energy permanent magnets thing is a pretty huge blow to China’s efforts to monopolize the rare earth magnet supply chain. China produces 92% of the rare earth magnets in the world, as well as mining the vast majority of the material and also processing. Tesla doesn’t want to cut off China. But having less reliance on China helps prevent Tesla from being manipulated by the whims of Chinese government leadership, increasing Tesla’s bargaining power in China.