At the shareholder conference held yesterday, Elon Musk had the right to question his perception of the growing tensions between the United States and China.
Before a wish to dodge the question, he said he hoped for peace and respect. This question is more than fundamental since the operations in China are extremely important for Tesla.
We were able to see it with the brand’s Q2 results at the capital T. The interruption of the factory in Shanghai was damaging to the company’s revenues. This interruption was caused by the Covid epidemic but it is obvious that a political shock is to be watched very closely.
Chinese political decisions affect Tesla’s operations
Indeed, we explained to you a few weeks ago that the circulation of Tesla was prohibited in the resorts of the President of the People’s Republic of China. If the decision does not prevent strictly anything in the operations of the manufacturer in China. The decision may raise questions about the autopilot and the manufacturer’s ethics.
In terms of tariffs, government decisions have in the past favored the local electricity market. There too the impacts are reduced but in the years to come. No one can say the nature of the impacts. We have produced several files, on China and Tesla, do not hesitate to read or reread.