Musk's China Visit Is 'Watershed Moment,' Dan Ives Says
ฝัง
- เผยแพร่เมื่อ 14 พ.ค. 2024
- Elon Musk's surprise trip to Beijing is "a watershed moment" for Tesla, says Dan Ives, managing director and senior equity analyst at Wedbush Securities. He says that the visit is an important opportunity for Musk to unlock Full Self-Driving (FSD) in China, which "is the golden goose" for the carmaker. Ives speaks on "Bloomberg: The China Show."
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
There's already an oversupply of Macdonalds, Coca-Cola, Kentucky Chickens, iphones.
I dun hear politicians complaining.
Explain
It's called 'overcapacity'. It's a new invented term. Lol
@@Jkl62200 Obviously the Biden administration is packed with linguistic professionals.
There's an overcapacity of useless USD toilet paper, but the politicians don't complain either.
What does this mean for Tesla stocks? Is it advisable for somebody who wants to start investing in stocks for not so long term gains to start with it now?
I'd recommend you get yourself a fiduciary F.A if you're serious. They're not half as expensive as you think and know the market better. Experimenting with TH-cam based suggestions may not be the best for you. I know this from experience and as somebody who has made real money off stocks. Goodluck.
hi, please what are the steps for getting one?? like a really good one
You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.
Dont start with Tesla if you dont want to play the long game.
@dannywalters958 I met this pretty lady at a seminar a while ago. Small world right
Dan Ives needs to visit China and see for himself. He needs to update and improve his lack of what’s happening in China. It’s moving lightning speed in China
All mostly hype. All the stories about AI in China turned out to be just stories as all new AI innovations still keep coming out of the US.
@@jarjarbinks3193 made and designed by asian workers in usa.....
China already has autonomous driving in many cities. Tesla needs China
China 'wants' tesla is a more accurate statement.
Telsa brings competition, fuelling innovation and human capital development.
Telsa also is a channel for China to show goodwill towards US capitalists - a much needed softpower
@@Xind0898 Tesla needs China market world largest auto market is a more accurate statement. Tesla can continue to sell to USA n eu. Best of both worlds
@@kennySg101 More Tesla depend on Chinese market, more Tesla will be 'forced' to lobby FOR Chinese car industry in NA and EU market.
Example is German car industry is the biggest lobbyist for EU to lower trade barrier for Chinese cars.
Because they fear the moment China will pass any relatilatory measures
@@kennySg101 both need each other...we all need each other in this world lol
@@island97 In Chinese term, Tesla, like chive, had been harvested. True that Tesla has spurred some technological innovations in China initial ly, now it has bypassed Tesla in some aspects. Tesla is still a premier product not for the mass market.
Did I hear someone say China needs Tesla?
I doubt it....tesla needs china
If you want FSD moving forward then YES China needs Tesla.
@@andrewcarr276 ....Laughable !
@@jimmylam9846 The one wo laughs last, wins. Every heard of that one?
Don't suffocate on the craw sticking across in your throat.
@@andrewcarr276 The reason China let Tesla doing this is China mainly telling the world that U.S. 24/7 days talk about data security risk here and there are political bs. China has FSD on every EV cars, trucks, and business.
It further makes international companies and countries getting tired of US lies.
China do not need Tesla EV nor FSD... Just go to China and experience their EVs, they are already ahead.
Don't burst the American bubble 😀
But they need Tesla and Elon Musk as lobbyist representing Chinese interest in US like all major American corporations doing business in China.
Already ahead at what? Bursting in flames?
Elon is trying to get baidu of china as tesla's navigation system, gps is just unreliable.
Not just ahead, the Chinese are way ahead in FSD.
That Tesla cache is no longer a premium in China, as well as Apple.
Most Chinese now believe BYD is better than Tesla Dan Ives! Same thing they are buying Huawei phones over iPhones.
ha.....interesting
Are you sure? Have you been in China😃
Have you done a comparative breakdown by price point? The BYD cars start at $9,700 but people aren't buying them instead of the Model Y. The most popular model is the BYD Song at $15,000. Are Chinese buying BYD instead of Tesla? Or is BYD breaking into a new ICE market segment until now not served by EVs?
Phillip.
So why is Teskla selling more BEV than BYD?
@@rozonoemi9374 When Sir? Look at recent sales figures in China
China does need Tesla, not in EV field, but it shows a gesture about its attitude to foreign companies through Tesla to the outside world .
I am curious as to which party is this expert guest referring to by 'watershed moment'? In many of China's biggest cities, driverless taxis, buses, trains are already available on public roads and services.
Take out orders (foods and drinks etc) via drone deliveries are also beginning to be offered in cities like Shenzhen. So, I wonder what is so special about Tesla's driverless technology which can interest and impress the Chinese?
They dont have a neutral network like FSD
FSD don't rely on "fenced" GPS like Cruise & Waymo, that is the Big difference.
These are some bold claims. Which companies are offering driverless cars, buses etc. in China?
AI. Watch the v12 vids and the decisions it makes.
@@TheMagicJIZZ Also, Xpeng has FSD that they stole from Tesla, however they stole the old version, so no worry.
Stop calling it Full Self Driving. It's not autonomous. Before anyone says otherwise, this is what Tesla's own website said. It tells customers to always monitor and be ready to intervene when necessary, because the system does not work in all conditions.
If full autonomy is Level 5 (with Waymo at L4 and Tesla at L2), how is "FSD" autonomus?
"China needs Tesla" ... seriously!?!?!?
China needs Tesla to activate its domestic EV market from the begining.
Your analyst was trying to sit on the fence not to offend Tesla but the truth is, there is nothing that only Tesla can offer that the peers in China can't. New tech needs big Chinese market to grow and prosper, and that includes advanced chips.😂
Tesla makes the best EVs
China makes good EVs but FSD is good for china and batteries cheap
But Tesla has the greatest power train engineers
For example which Chinese car has steer by wire or 48v ???
Its a watershed moment so the Mic needs to be dropped and the pop corn need to come out.
😂 Elon sent his *adult* version to China. 😄
Why would China care about fsd when Nio is rolling out NOP
Tesla needs to have more models in order to compete with China brands. It's so fatigue seeing the same car (look) day in and day out.
Exactly. The product lineup is stale. Carmakers for years have always had a model year and body style changes to keep things fresh and encourage people to upgrade to basically the same thing they had. Even Apple knows. When you see a model 3 how is one supposed to be impressed when you don’t know whether it’s a 2014 model or a 2024 lol
I thought they were all boring on day 1 - Cybertruck excepted.
It’s best to make a perfect design and leave it go. A redesign implies you made an inferior product before
@@RabatinLLC 😂 the most ridiculous thing I’ve ever heard. So I guess we should have stopped at the ford model T design and iPhone 1. Jeesh someone isn’t an engineer and familiar with product evolution and design iteration
Tesla skipped the Beijing auto show. This is wise because it would be obvious that tesla offerings are not competitive. Many of the cars at the show are priced at a steep discount to tesla which is a reference EV. Those cars are often sold at a loss.
Then why China wants Tesla so bad? Go ahead without it. China needs musk more Musk needs China. Musk is just greedy and wants to make more money for his future projects so he is transferring technologies to sucky Chinese companies
I appreciate the insightful contributions from the four individuals. Brother Danives, I want to express my gratitude for your generous sharing of perspectives. Regarding names, you can refer to me as Vince, Kong, Tade, or TadeTade if you prefer. Additionally, although my physical ancestors came from Malaysia for three generations, I was born there. If you were in my position, where would you feel your origin lies? Furthermore, disregarding physical aspects and focusing on inner spiritual consciousness, how should I present myself to make it easier for you to express who ？
Good to see Elon realized he was CEO of Tesla and not just his new toy, Twitter.
Musk is Smart
No, he's stupid.
Stephen, go on your test drive and compare the results vs the amount of equipment to make it happen.
To już było i Wasz czas dobiegł końca.
Wasn't Elon in China to buy FSD software from Baidu to use in Tesla in china?
To buy license, baidu kind not popular in China, and the boss play women has bad reputation
Dan I. Love you comments and one liner
China government won’t let tesla die. At this moment, it is a good time when stock price is low to discuss.
Tesla is a national security.
Title of this video should be "Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at Tesla, and went to China for business talks instead". 🤭😏
They both clearly benefit from whatever agreement they landed on. TSLA is a solid company. Interesting to see it grow.
1:10... Does China need Tesla?... Yvonne Man smirked
No she didn’t. Do you work for The NY Times?
gosh this guy is just full blown delusional right now
Have you even tried FSD v12.3.4 at all? If you have not you don't actually know what is going on.
Have you tried Huawei's FSD then? @@slyktech1860
@@slyktech1860explain yourself. Ives is like that. Didn’t explain anything here.
Ives talks like someone who owns Tesla stock and wants to pump the value.
Go ahead and short Tesla if you dare😂
I think Dan is right, Tesla and China need each, but for different reasons. China need Tesla as the best of the best in terms of EV and self-driving to stimulate the local supply chain and Chinese car makers. Tesla need China simple for surviving.
Concerning data security--if they can trust Tesla to honor strict localization rules, etc., why not trust same data *secured* at USA facility? Distance is a mater of seconds difference if one chooses to misuse it.
The world wants American brands. Hell yeah baby!!!!
The roads in China are much more challenging than anything that may be found in the USA. Once Tesla gets permission to use that data in the US software, it will become radically more capable.
Future precedent setting for both players in multiple nations. Pump up the jam pump it up pump it up until it bursts.
They really try to find negatives😂 how come? Arent theyvproud to have a company like Tesla being from USA? Immagine how big a shot in your own foot would it not be if the media was succesful in destrying Tesla (not that they can, but what if?). I would kill to have a guy like Elon in my country Denmark.
Keeps saying it's important, why?why?why?
China wants and has properly been given the technology for FSD by Musk. Smart move by Musk. And a real benefit for Chinese auto manufactorrs
But who is going to get into an FSD and let it whisk them around highways and traffic?
Show Chinese citizens will become crash test dummies for Tesla?
Talk About a Way to Kick Start F.S.D. He's a Man with a Plan ! Works in China , Dubai, U.S. Could have high Adaptability into many Markets ! Fortune Favors the Bold ! Get in Line !.
How about a new announcement for future Tesla expansion in China?
Giga Shanghai 2.0. finally!
I think the sub 25K model will be launched in Shanghai now. Probably in 6 months. Let’s see what an “accelerating” mode at “Humanly possible speed” can deliver. 😂
It won't be the $25k model. That's in 2026. This will be a cheaper model using existing lines, but it won't be THAT much cheaper than the Model 3.
Phillip.
@@philliptemple9841that guy is right
Shanghai is making local models just dor the Chinese market elon said it years ago
Robotaxi is the name of the $25k car bur thwres other cheaper cars coming
It's literally a mini cybertruck
Nvidia will democratize FSD features similar to what they are doing to robotics.
When will they have someone on here? They will actually speak to the negative comments that are constantly placed on this company i.e. Tesla have somebody on the news that you interview that has an intelligent logical opinion of what Tesla is capable of doing and then have a conversation stop using individuals who are hedge fund managers to try to make an argumentagainst
Elon Musk postponed the unimportant and announced meeting (India) scheduled on 21-22 April 2024 and attended the important and unannounced meeting (China) on 28 April 2024 instead? 🤔😏🤭😅
People don't realize Tesla is a software company. Who says this technology has to be only on an electric vehicle. The more vehicles that have Tesla fsd the better. That will be awesome. It will be car talking to car And make full self driving a reality. Eventually, all vehicles will be electric.
Tesla charging Up 14 % week. Fisker.. FSRN gaining 159 % month to lead in April gains. Frey ..NIO ..Xos Trucks...Surf Air Mobility and more. The EV Future Growing globally. Filling the Dips.?
Tesla will learn the hard way like other companies learnt in the past. You can only play as long as you are in good books… They will crush when they want to.. it is just a matter of “when”
How the eff is that any different to the USA. Tiktok??? Or does that shit just goes over your head.
@@71Hamed TikTok is controlled by ByteDance which is directly associated with (and act in the interest of) the Chinese Communist Party. A former executive in ByteDance was FIRED when he raised concerns about stealing content from Instagram and Snapchat, and serving as a “propaganda tool” for the Chinese Communist Party by suppressing or promoting content favorable to Beijing.
Negative comments are probably from those that sold stock at 170 and were waiting for Tesla to sink from 140 to 120 on earnings to buy back, but it popped and it popped again. Now they are just frustrated.
Let’s not forget that, without the European legacy auto makers, the American legacy auto makers, and especially Tesla, the Chinese auto makers would probably not even exist …
IT DOES NOT MATTER WHAT OR POLITICIANS DO OR SAY. THE LOSS OF THE CHINESE MARKET WILL DESTROY THE REVENUE OF ALL THE AMERICAN COMPANIES OPERATING IN CHINA ITS NUMBERS NOT YOUR DARM FEELINGS. LOOK AT THE REVENUE LOSS OF APPLE IN CHINA. WE CAN PLAY POLITICS BUT BUSINESS IN NOT ABOUT RACISM CONTAINING CHINA. YOU BETTER HAVE A REPLACEMENT FOR THE CHINESE MARKET IF THERE IS ANY.
India
Wait, you mean these companies did NOT exist before China "opened"?
@@koalalove China market is 6 times bigger than India. India can be clump together with just the japan market alone and not on the whole of China. China is that massive.
@@koalalove but the wages are to low in india they can't avoid american expensive products
The fun part comes is when Tesla or if Tesla licences FSD to another manufacturer... that would be a cash cow for Tesla
I guess might never happen
The Tesla brand will win in China. China needs to show they don’t descriminate against an American company
Guys please drive on fsd v12 before commenting
Wait a minute, didn't the Indians/India said in year 1998 that they will be superpower by 2020 (Meme: India superpower by 2020) and they are the "leader/voice" of the Global South Countries and the GLOBAL teacher of the entire world (Vishvaguru) and this 21st century will be India's century (Modi said that)? Elon Musk is not taking the bait? 🤭🤣😂
India
1) GDP per capita < 3K🤏 China? GDP per capita > 12K ? Is there even a competition?
2) No veto powers, despite begging for it since 1994😭
3) Booted out by Maldives ("India Out") for China.
4) Elon Musk postponed a planned trip to India (April 2024) where he was to meet Prime Minister Narendra Modi, citing obligations at Tesla, and went to China for business talks instead.🤭
5) Russia to Superpower India: I know that you are a superpower on the internet/social medias, but you have to pay for our Russian oil in Chinese Yuan because we have no use for Indian Rupees.
*Spoken like a True 72 Hoor seeker, with all facts incorrect, but keep venting your desperation is satisfying.*
Tesla will be the most valuable company on the planet. Watch and learn
No.
The Bloomberg team desperately tried to poke holes in the Tesla/Musk story but failed 😂
There goes my only possession ..there goes my only Tesla... Modi must be very disappointed when he watched on the news Elon Musk visited Shanghai and met with PM Li Qiang of China as two weeks ago Elon Musk postponed his trip to India citing
very tight schedule.
I want to clarify my opinion one more time as a broken record. Tesla FSD and other companies' FSD is a technology for Generation BETA and beyond. Those generations are home body work force and lazy drivers who want everything delivered to them. The baby boomers to the generation Alpha are stuck and spoiled to the gas cars. The current regulators are old school and will delay this technology as much as possible. In summary, the current generation is the genie pick for the FSD. Musk China's visit is to expand DOJO's knowledge of the FSD in a crowded pedestrian environment. The last thing to know is that regulators are controlled by politicians.
Premier Li Qiang personally rolled out the red carpet for Tesla and Musk when he was Shanghai chief. He gave Tesla lots of facilities including cheap land, electricity, water etc and various licenses in record time. He even helped Tesla hire hordes of workers for its gigafactory. Musk could not have picked a better horse to work with there.
Byd margins are wager thin compared to Tesla.
The US politics is overcapacity, so they need to export them.
Dan Ives should go to China
Why Beijing welcomes Tesla is because China is still and will be an open market for foreign companies, not like America uses national security and overcapacity, also I don't think Tesla has apparent advantage over other main China's domestic automakers, the sale of Tesla in China has fallen a lot since last month.
additionally, I think China also wants to enhance the connections with America in certain industries, to slow or avoid the decoupling.
what are you talking about? Google, TH-cam, Facebook, Wikipedia, Reddit, Instagram, Twitch... long list of companies are all blocked in China.
@@penname4764 They are not blocked. Can you please stop listening to BS. These companies have all pulled out of China either because the competition is fierce or they refuse to comy with Chinese regulations that all companies have to follow.
@@penname4764 good. Social media is brain rot. Be glad when the US bans tiktok
@@penname4764 not really, from what I remember they were not willing to comply with China's regulations so they quit, at least, Beijing did not force them to sell compared to what Tiktok encounters now.
Hahahaha
Yeah China needs Tasla LOL. Good pumping investor 😂😂😂
If you look at many Chinese EVs, they are copies of the Model 3. Look at the Xiaomi S7 that just launched, the dash is a carbon copy of the Tesla UI. Who are now ordering the giga-casting machines Tesla uses? The Chinese manufacturers. I'm not saying this is a bad thing. If you are going to copy then do it from the best. EU manufacturers should be doing the same instead of wasting money bribing politicians. However whilst Tesla continues to innovate then they will continue to have something to offer China. That's what keeps them safe there.
Phillip.
Dan has no answers to any of the questions. Nobody knows how fast Tesla can monetize FSD and it's reflected in stock price. Going by history I won't bet against Elon
Isn’t the same group of ppl in the west keep talking about EV overcapacity last few weeks? Suddenly change to China need Tesla 😂😂😂
Feeling pathetic for these type of western analysts & media.
No one has a clue what's happening here. Unless you own a tesla, have a friend who owns one, or know the difference (seen v11to v12 vids) u have no idea what is happening. Ai is here. This is Tesla's chatgpt moment.
MUSK! MARS! USA 🤝 China 🇺🇸🇨🇳🚀
Shows which side he's on.
Pfffft. He's just begging for another revenue angle that won't return much.
China is the best place to do Autonomous vehicles, Musk tried Autonomous vehicle in the US and the US Americans complain too much about people getting killed, you won't hear that kind of complaint in China :D
If fsd works in china, it means that the software is has general intelligence. Thats will lead to an enormously huge available market.
does Dan Ives ever where normal clothes?
I think is the most funniest word. Musk needs china more than China needs musk, that's the current trend of apple & Tesla
If China has better EVs than Tesla, then why is Tesla selling the most cars there? Please tell us what company is better. BYD, the #2 company came to visit Elon in his hotel room because they want to put Tesla's FSD in their cars.
you need to update your source dude, tesla is not the best selling ev in china anymore, its byd, in fact, last week 7 out 10 best selling ev model are byd, tesla is not even in top 10
Decoupling, Derisking, Derisive..
I cannot wait to see Dan Ives lost all his money.
Oh geez. More buy the rumor sell the facts. In fact just buy the rumor, ignore the facts, cross your fingers and keep buying the dip. Cover your ears and ignore all the bad news and just focus on the blah blah blah
So according to this Dan guy, "China needs Musk coz (hey I don't have to give a reason, it just does)" ........ yahh okay mister manager equity whatever..
Once again, Tesla is playing 4D chess and everyone else is playing checkers. The feeble questions being asked are enough to demonstrate the commentators have no clue what’s going on😂
TSLA 📈👌😁
Baidu likes Blackberry QNX. Now Tesla likes Baidu.
Is their a mathematical formula or relationship thats can prove Tesla loves BLACKBERRY QNX?
Baidu map probably. Not the system. So BB is not in the picture.
Elon is a friend of China. That explained why he skipped India😂
Musk doesn't want to derisk?
Tesla needs China more. Who still remembers what happened when Tesla built a factory in China in 2021? The stock price was sluggish and delivery was delayed. Tesla is outdated, with few features, cheap interiors, and few models. Tesla needs to change
Chinese EV BYD is crashing Tesla like a piñata!
Elon still not learn from the past. Chinese want Tesla technology 😅😂
China doesn’t need FSD with all its own self driving technologies. This move of FSD into China is a favor by all VIPs who support Tesla in China and will give a booster to Tesla stock price
This guest literally said nothing besides sucking up for Elon... 0 critical thought or analysis from the guest. Great job guy.
LOVE TESLA.
Tesla categorizes itself as a premium car brand, but they may not realize that they are not considered on par with established premium brands like BMW, Mercedes, or Audi. These European brands also have their own EV lineups in China. While Tesla may have an advantage with their FSD technology, they do not enjoy the same premium reputation as the others.
I think he got it all wrong, China does not need Tesla or FSD, they have their own system, which may be better tailored for Chinese road conditions. Most Chinese preferred BYD over Tesla, it used to be Tesla, but not anymore, there is very little chance that Musk can be successful this time, China is not like other markets, and all foreign brands failed at one point or another.
It does need tesla if China wants to be in usa
Which system? Baidu had a waymo systems copy
They dont have a neutral network like FSD
China has nothing like 3 million driver's having chips in the car which could pay a monthly fee
All thise fund investors going to regret not investing in china.
Not a very good interview with Dan Ives... he just spews some talking points without getting into the details behind them. He seems drowsy and clicking on all cylinders... maybe hung over.
Dan Ives, I think, holds financial stake in Tesla stock and some of his conclusions verge on wishful thinking. Tesla needs to tread very carefully in China because this is an inveterate mercantilist state that doesn't play by the rules. The only way to take on and supplant China is to soar way, way above them. We leave that for Pan.
Dan Ives is a well known long term investor in Tesla Stock. Elon has always trod carefully in China but also note that Tesla is the ONLY foreign car manufacturer there. Every other foreign car manufacturer is forced into a JV with a local Chinese company. China is smarter than the USA, welcoming Tesla, rather than Biden that wants to destroy them.
Phillip.
China does not need Tesla but China will make Elon a hero because of the way he respects China.
Full self driving technology is not mature. Will Tesla pay for a car accident?
Yes at least in China
They will when it goes "unsupervised". Won't be long. *People aren't ready to be safe drivers, look at the numbers.*
It appears to have saved a lot of lives already, some 20 folks die and 200 maimed or lifelong altered, *every day in USA* from lousy human drivers, yet every single one involving Tesla where someone mentions AP or FSD, *national headlines.*
@@Mrbfgray What if someone is killed in a car accident, who is criminally liable, the programmer or Musk?
@@georgelan9985 maybe we can refer to when car have defect and cause people die, how car company handle it? it happened right? different is bttween hardware/software
@@georgelan9985 Insurance required for all motor vehicles for good reason.
*When* FSD is 100X safer than human, are you still going to whine about the exceptions? Anyone who slows it down has blood on their hands.