Yes...the recent run in TSLA's share price has brought out the cheer leading squad. My favorite is the parroting of "self driving" vehicle is imminent, which is supposed to underpin the irrational market cap. Of course there is never a detailed explanation of what level of automation they consider "self driving". Musk....is the big winner in the circus.
This is the model China uses for every industry they want to enter. In the early 2000s we bought solar panels primarily from Japan and South Korea. We never sold a Chinese solar panel. By the time I left the industry in the mid-2010s it was difficult to compete without selling Chinese panels. Today they own the market and most of the non-Chinese brand panels are manufactured in China.
Customers would ask about Canadian Solar as a non-Chinese brand. Their sales office is in Ontario. Everything else is owned and operated in China.
I was reading the other headline near the bottom of the article. IE Mark Mobius cannot withdraw his money from HSBC Shanghai. IMO Musk decided long ago to focus on software and where the long term value will be. That will not be open sourced. EVs mechanics is really simple compared to ICE.
Moderna is set to announce investment in China of as much as USD1 billion, the US vaccine maker’s first in the country, according to sources.
Chief Executive Stéphane Bancel has arrived in Shanghai and will attend the signing ceremony for the investment today, the sources told Yicai Global.
During a visit to the country in April, Bancel said…Moderna would accelerate its investment in Shanghai and join hands with its Chinese partners on research, development, and production.
Any drugs generated by this collaboration are intended for use by patients in China, not for export.
Good luck to MRNA in carrying this out without having its IP stolen.
What $TSLA agreed to parrot about the majesty of communism goes way beyond what other Western companies would ever be willing to do. Such prostrating before China's Communist Party won't end up helping $TSLA when all is said and done, although management naïvely thinks it will.
…the Chinese government is banning the iPhone and other foreign-branded devices from use by workers at central government agencies. Bloomberg reported Thursday that such a ban might also be extended to state-owned enterprises and other government-backed entities. That could amount to a significant swath of people in a state-led economy with a population totaling more than 1.4 billion.