China’s military ban on Tesla vehicles could be part of the Chinese Communist Party (CCP)’s recent tough diplomatic stance against the United States, and can also be used to limit Tesla’s expansion in China to boost local brands, according to two China experts.
Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses.
Elon Musk—Tesla and SpaceX CEO—openly shamed left-wing satire news outlet The Onion while encouraging his Twitter followers to read right-wing The Babylon Bee, on Thursday.
Shares of electric carmaker Tesla–last year’s best-performing S&P 500 stock—plunged to their lowest level in three months Monday as the broader market rallied—yet another sign the recently booming market for tech stocks could be over, once postpandemic spending drives growth into other industries.
