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Tesla’s deal with Baidu isn’t new, the mapping data Tesla will collect likely can’t leave China, and Full Self-Driving can’t compete with the more advanced Chinese alternatives.
While Ford cuts back on electric car plans, new energy vehicles are reaching 40% of new passenger car sales in China.
Tesla plans to lower production at its Shanghai factory, according to people familiar with the matter, in the latest sign demand in China isn’t meeting expectations.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Beijing prodding may have reversed much of the week’s equities market pain, though I doubt positive sentiment will return anytime soon. Click here to read a weekly update.