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As the article explains, it's not completely up to Musk. China is the second largest market for Tesla, and Tesla's highest-volume car assembly plant is Gigafac
by u1hcw9nx 3mo ago
As the article explains, it's not completely up to Musk. China is the second largest market for Tesla, and Tesla's highest-volume car assembly plant is Gigafactory Shanghai in China (China is 30% of Tesla's total revenue).
If a Tesla-SpaceX merger is in the plans, China can prevent it unless Tesla gives up the Chinese market, half its size, and becomes a regional car manufacturer.
- Zigurd 3mo agoThat's a rational analysis, but SpaceX is really in the rearranging deck chairs business. I keep seeing items in the business press that claim that SpaceX is an AI company, having merged with a second rate AI company that Elon outright said was a do-over. Mercedes and BMW are finding out that the Chinese are pretty much done with foreign prestige brands. Elon will have to find someone willing to buy a falling knife. Or he could buy a US mobile network operator. That almost sort of makes sense. Elon could slash the workforce and turn in a couple of years of good numbers before things fall apart.