The Rising Influence of Rising Affluence

[DewDiligence]

China’s Foreign Minister mocks TSLA:

https://www.wsj.com/articles/beijing-says-musk-opposes-decoupling-of-u-s-china-as-tesla-ceo-visits-china-1ce6851a

China’s foreign ministry said Elon Musk told officials in Beijing that he opposes decoupling the world’s two biggest economies, in a meeting held shortly after the Tesla chief executive arrived in the country at a time of heightened geopolitical tensions with the U.S.

...At Tuesday’s meeting, [Foreign Minister] Qin likened China-U. S. relations to driving a Tesla vehicle, which requires holding the steering wheel correctly, stepping on the brakes at the right time, avoiding dangerous driving and using the gas pedal appropriately, according to a readout from the ministry. Tesla didn’t respond to a request for comment.

This is pretty funny—unless you’re long TSLA.