Tesla's China Ambitions Are Mistimed and Misguided
Tesla (TSLA) is preparing to start Model 3 production at its Shanghai Gigafactory 3 (GF3) by year-end and Tesla fans are excited about China becoming the EV maker's next pillar of growth. China is the world's largest EV market and, by producing its cars locally, Tesla can avoid high import tariffs and enjoy the benefits of cheaper labor and component costs.
Tesla has also received yet-unseen, powerful support from China's government, which has allowed Tesla not only to be the first foreign carmaker to own 100%