What's The Real Story Of Tesla In China?

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What's The Real Story Of Tesla In China?

ZeroHedge2021-04-27

What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...

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boonk
·2021-04-28
Nio
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1
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Sephy
·2021-04-27
The EV market will begin to explode in the next few years, Tesla have 80% market share in USA alone, other regions is a sweetener. Tesla can also easily scale into more new business like insurance, energy, ride hailing, etc.Ride long, buy dips, now is just the beginning of the new edge. How many Ironman is out there ? Onlyone Elon Musk lol
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1
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HoSayBo
·2021-04-27
Up
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5
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- Ericlam:
  Nice
  2021-04-28
  Reply
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whoartthou
·2021-04-27
How's this
Reply
4
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- bhahabReplying towhoartthou:
  ok
  2021-04-27
  Reply
  Report
- whoartthou:
  thankz
  2021-04-27
  Reply
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- Tlger Buddy:
  Ok
  2021-04-27
  Reply
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View more 2 comments
Whateverlah
·2021-04-27
Lol
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5
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- Tlger Buddy:
  Okok
  2021-04-27
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- Whateverlah:
  Haha
  2021-04-27
  Reply
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- Whateverlah:
  Ya right
  2021-04-27
  Reply
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Andaroo
·2021-04-27
I like amc
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ErDee
·2021-04-27
Buy buy
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2
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- ElunMask:
  Like please
  2021-04-27
  Reply
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noobiebestie
·2021-04-27
[Strong]
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文氏
·2021-04-27
Upupup
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Ivy8866
·2021-04-27
如果將來特斯拉這樣的企業從中國撤出了，真的會令很多人對中國感到寒心
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10
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- Ivy8866:
  有本事中国自己出一个马斯克、乔布斯、比尔盖茨等人，咱们国人应该多花时间研究如何提高技术上，而不是用这种小人手段，难道白的东西真的能被说成黑的？！
  2021-04-28
  Reply
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- CloudElijahReplying toIvy8866:
  能，真的有能力 .
  2021-04-28
  Reply
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- CloudElijahReplying toIvy8866:
  正.
  2021-04-28
  Reply
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View more 2 comments
AudricJohn
·2021-04-27
[看漲]
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2
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- Kure:
  yes
  2021-04-28
  Reply
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Yuyu37
·2021-04-27
??
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BC1970
·2021-04-27
Sob sob
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1
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JasmineChew
·2021-04-27
Like
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1
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- JasmineChew:
  Good
  2021-04-30
  Reply
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JasmineChew
·2021-04-27
Like
Reply
1
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TheoL
·2021-04-27
More than meets the eye here. The eye of the Tesla
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3
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- 小熊家族:
  Agreed
  2021-04-27
  Reply
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zhz242
·2021-04-27
bnjjj
Reply
2
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February81
·2021-04-27
Comment
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8
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- Daredragon:
  Like
  2021-04-28
  Reply
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- Stephanie58:
  Gogogof
  2021-04-27
  Reply
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- February81:
  like
  2021-04-27
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Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","article_id":"1161810404","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","pubTimestamp":1619527994,"sourceInfo":null,"weMediaInfo":null,"summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉在中国的真实故事是什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":100011904,"gmtCreate":1619569099908,"gmtModify":1704726013463,"author":{"id":"3580955744929134","authorId":"3580955744929134","authorIdStr":"3580955744929134","name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3580955744929134"},"htmlText":"Nio","listText":"Nio","text":"Nio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100011904","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377516900,"gmtCreate":1619535109400,"gmtModify":1704725616550,"author":{"id":"3579782126622830","authorId":"3579782126622830","authorIdStr":"3579782126622830","name":"Sephy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579782126622830"},"htmlText":"The EV market will begin to&nbsp;explode in the next few years, Tesla have 80% market share in USA&nbsp;alone, other regions is a sweetener. Tesla can also&nbsp;easily scale into more&nbsp;new business like insurance, energy, ride hailing,&nbsp;etc.Ride long, buy dips,&nbsp;now is just the beginning of the&nbsp;new edge. How many Ironman is out there ? Onlyone Elon Musk lol","listText":"The EV market will begin to&nbsp;explode in the next few years, Tesla have 80% market share in USA&nbsp;alone, other regions is a sweetener. Tesla can also&nbsp;easily scale into more&nbsp;new business like insurance, energy, ride hailing,&nbsp;etc.Ride long, buy dips,&nbsp;now is just the beginning of the&nbsp;new edge. How many Ironman is out there ? Onlyone Elon Musk lol","text":"The EV market will begin to explode in the next few years, Tesla have 80% market share in USA alone, other regions is a sweetener. Tesla can also easily scale into more new business like insurance, energy, ride hailing, etc.Ride long, buy dips, now is just the beginning of the new edge. How many Ironman is out there ? Onlyone Elon Musk lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377516900","repostId":1161810404,"repostType":2,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377510952,"gmtCreate":1619534786076,"gmtModify":1704725611008,"author":{"id":"3577273775400833","authorId":"3577273775400833","authorIdStr":"3577273775400833","name":"HoSayBo","avatar":"https://static.tigerbbs.com/75258d10fa6a75acaa29bb93b8732c93","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3577273775400833"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377510952","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4155890,"gmtCreate":1619573803261,"gmtModify":1680785944424,"authorId":3559787818034959,"author":{"id":3559787818034959,"authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377510952,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":377273590,"gmtCreate":1619532925610,"gmtModify":1704725558900,"author":{"id":"3581653518216493","authorId":"3581653518216493","authorIdStr":"3581653518216493","name":"whoartthou","avatar":"https://static.tigerbbs.com/255e220c4fd45d829d979119233c8196","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581653518216493"},"htmlText":"How's this","listText":"How's this","text":"How's this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/377273590","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4150946,"gmtCreate":1619533357065,"gmtModify":1680785866362,"authorId":3581814406562580,"author":{"id":3581814406562580,"authorId":3581814406562580,"name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3581653518216493,"repliedAuthor":{"id":3581653518216493,"authorId":3581653518216493,"name":"whoartthou","avatar":"https://static.tigerbbs.com/255e220c4fd45d829d979119233c8196","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":377273590,"type":1,"supId":4150857,"prevId":4150938,"content":"ok","text":"ok","html":"ok"},{"id":4150938,"gmtCreate":1619533323067,"gmtModify":1680785866300,"authorId":3581653518216493,"author":{"id":3581653518216493,"authorId":3581653518216493,"name":"whoartthou","avatar":"https://static.tigerbbs.com/255e220c4fd45d829d979119233c8196","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377273590,"type":1,"supId":4150857,"prevId":0,"content":"thankz","text":"thankz","html":"thankz"},{"id":4150941,"gmtCreate":1619533333522,"gmtModify":1680785864613,"authorId":3566558181992521,"author":{"id":3566558181992521,"authorId":3566558181992521,"name":"Tlger Buddy","avatar":"https://static.tigerbbs.com/1a7042135fd39c322422c2527f88db09","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377273590,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4150857,"gmtCreate":1619532945136,"gmtModify":1680785860741,"authorId":3581814406562580,"author":{"id":3581814406562580,"authorId":3581814406562580,"name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377273590,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":4150868,"gmtCreate":1619532992706,"gmtModify":1680785860725,"authorId":3581814406562580,"author":{"id":3581814406562580,"authorId":3581814406562580,"name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377273590,"type":1,"supId":0,"prevId":0,"content":"goof","text":"goof","html":"goof"}],"langContent":"EN"},{"id":377253847,"gmtCreate":1619531986989,"gmtModify":1704725531132,"author":{"id":"3561630674343706","authorId":"3561630674343706","authorIdStr":"3561630674343706","name":"Whateverlah","avatar":"https://static.tigerbbs.com/f0c49774c0eff8252ee6e61046f40c1e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561630674343706"},"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/377253847","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4150944,"gmtCreate":1619533342699,"gmtModify":1680785867488,"authorId":3566558181992521,"author":{"id":3566558181992521,"authorId":3566558181992521,"name":"Tlger Buddy","avatar":"https://static.tigerbbs.com/1a7042135fd39c322422c2527f88db09","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377253847,"type":1,"supId":0,"prevId":0,"content":"Okok","text":"Okok","html":"Okok"},{"id":4150699,"gmtCreate":1619532004265,"gmtModify":1680785864329,"authorId":3561630674343706,"author":{"id":3561630674343706,"authorId":3561630674343706,"name":"Whateverlah","avatar":"https://static.tigerbbs.com/f0c49774c0eff8252ee6e61046f40c1e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377253847,"type":1,"supId":0,"prevId":0,"content":"Haha","text":"Haha","html":"Haha"},{"id":4150706,"gmtCreate":1619532066217,"gmtModify":1680785862454,"authorId":3561630674343706,"author":{"id":3561630674343706,"authorId":3561630674343706,"name":"Whateverlah","avatar":"https://static.tigerbbs.com/f0c49774c0eff8252ee6e61046f40c1e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377253847,"type":1,"supId":4150699,"prevId":0,"content":"Ya right","text":"Ya right","html":"Ya right"}],"langContent":"EN"},{"id":377259506,"gmtCreate":1619531936705,"gmtModify":1704725530320,"author":{"id":"3575199303759784","authorId":"3575199303759784","authorIdStr":"3575199303759784","name":"Andaroo","avatar":"https://static.tigerbbs.com/634c9b9f18158d4a4e497249bdbe8fd5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575199303759784"},"htmlText":"I like amc","listText":"I like amc","text":"I like amc","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377259506","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377228604,"gmtCreate":1619531548708,"gmtModify":1704725520761,"author":{"id":"3579061515028191","authorId":"3579061515028191","authorIdStr":"3579061515028191","name":"ErDee","avatar":"https://static.tigerbbs.com/c080c06d50582c0cc2d9db2ef510c48c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579061515028191"},"htmlText":"Buy buy","listText":"Buy buy","text":"Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377228604","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4150644,"gmtCreate":1619531739855,"gmtModify":1680785863606,"authorId":3579673345882908,"author":{"id":3579673345882908,"authorId":3579673345882908,"name":"ElunMask","avatar":"https://static.tigerbbs.com/4561a4b19c908bdc775c4daf68fb2fc6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377228604,"type":1,"supId":0,"prevId":0,"content":"Like please","text":"Like please","html":"Like please"}],"langContent":"EN"},{"id":377221723,"gmtCreate":1619531524862,"gmtModify":1704725519630,"author":{"id":"3581679764646315","authorId":"3581679764646315","authorIdStr":"3581679764646315","name":"noobiebestie","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581679764646315"},"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377221723","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377267069,"gmtCreate":1619531257151,"gmtModify":1704725514449,"author":{"id":"3576837088119232","authorId":"3576837088119232","authorIdStr":"3576837088119232","name":"文氏","avatar":"https://static.tigerbbs.com/13ab58f27225c31b03dde6b684f98f7e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576837088119232"},"htmlText":"Upupup","listText":"Upupup","text":"Upupup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377267069","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377260099,"gmtCreate":1619530991211,"gmtModify":1704725500625,"author":{"id":"3561065962850680","authorId":"3561065962850680","authorIdStr":"3561065962850680","name":"Ivy8866","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3561065962850680"},"htmlText":"如果將來特斯拉這樣的企業從中國撤出了，真的會令很多人對中國感到寒心","listText":"如果將來特斯拉這樣的企業從中國撤出了，真的會令很多人對中國感到寒心","text":"如果將來特斯拉這樣的企業從中國撤出了，真的會令很多人對中國感到寒心","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/377260099","repostId":1161810404,"repostType":2,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4154443,"gmtCreate":1619568508857,"gmtModify":1680785923534,"authorId":3561065962850680,"author":{"id":3561065962850680,"authorId":3561065962850680,"name":"Ivy8866","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377260099,"type":1,"supId":4150549,"prevId":0,"content":"有本事中国自己出一个马斯克、乔布斯、比尔盖茨等人，咱们国人应该多花时间研究如何提高技术上，而不是用这种小人手段，难道白的东西真的能被说成黑的？！","text":"有本事中国自己出一个马斯克、乔布斯、比尔盖茨等人，咱们国人应该多花时间研究如何提高技术上，而不是用这种小人手段，难道白的东西真的能被说成黑的？！","html":"有本事中国自己出一个马斯克、乔布斯、比尔盖茨等人，咱们国人应该多花时间研究如何提高技术上，而不是用这种小人手段，难道白的东西真的能被说成黑的？！"},{"id":4154528,"gmtCreate":1619568795401,"gmtModify":1680785922676,"authorId":3577530058213588,"author":{"id":3577530058213588,"authorId":3577530058213588,"name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3561065962850680,"repliedAuthor":{"id":3561065962850680,"authorId":3561065962850680,"name":"Ivy8866","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":377260099,"type":1,"supId":4150549,"prevId":4154443,"content":"能，真的有能力 .","text":"能，真的有能力 .","html":"能，真的有能力 ."},{"id":4154506,"gmtCreate":1619568747640,"gmtModify":1680785920772,"authorId":3577530058213588,"author":{"id":3577530058213588,"authorId":3577530058213588,"name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3561065962850680,"repliedAuthor":{"id":3561065962850680,"authorId":3561065962850680,"name":"Ivy8866","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":377260099,"type":1,"supId":4150549,"prevId":4154443,"content":"正.","text":"正.","html":"正."},{"id":4154358,"gmtCreate":1619568290270,"gmtModify":1680785917144,"authorId":3561065962850680,"author":{"id":3561065962850680,"authorId":3561065962850680,"name":"Ivy8866","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377260099,"type":1,"supId":4150574,"prevId":0,"content":"像你这样的俗人当然不在乎","text":"像你这样的俗人当然不在乎","html":"像你这样的俗人当然不在乎"},{"id":4154224,"gmtCreate":1619567896105,"gmtModify":1680785916972,"authorId":3577530058213588,"author":{"id":3577530058213588,"authorId":3577530058213588,"name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3486908311237505,"repliedAuthor":{"id":3486908311237505,"authorId":3486908311237505,"name":"坚持价值投资L","avatar":"https://static.tigerbbs.com/92194bc2e0fdfca4c8a16a1ebf7f9e7f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":377260099,"type":1,"supId":4150549,"prevId":4150720,"content":"不是我","text":"不是我","html":"不是我"}],"langContent":"CN"},{"id":377282268,"gmtCreate":1619530840754,"gmtModify":1704725495927,"author":{"id":"3575595890903505","authorId":"3575595890903505","authorIdStr":"3575595890903505","name":"AudricJohn","avatar":"https://static.tigerbbs.com/33c25f684f7a95d0644c49a22a65f870","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":6,"crmLevelSwitch":0,"idStr":"3575595890903505"},"htmlText":"[看漲]&nbsp;","listText":"[看漲]&nbsp;","text":"[看漲]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377282268","repostId":1161810404,"repostType":2,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4152108,"gmtCreate":1619542814200,"gmtModify":1680785889592,"authorId":3577226353596605,"author":{"id":3577226353596605,"authorId":3577226353596605,"name":"Kure","avatar":"https://static.tigerbbs.com/d884cb2a13cb073fbb3d239f8090478e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377282268,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"CN"},{"id":377283510,"gmtCreate":1619530687030,"gmtModify":1704725490419,"author":{"id":"3561968672800218","authorId":"3561968672800218","authorIdStr":"3561968672800218","name":"Yuyu37","avatar":"https://static.tigerbbs.com/ec5f43710340fa5d467d1e7a6647dbcf","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3561968672800218"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377283510","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377215579,"gmtCreate":1619530478191,"gmtModify":1704725485066,"author":{"id":"3554847287681495","authorId":"3554847287681495","authorIdStr":"3554847287681495","name":"BC1970","avatar":"https://static.tigerbbs.com/0ddbf1d90da79b3d2d9ce69edd1f06d5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554847287681495"},"htmlText":"Sob sob","listText":"Sob sob","text":"Sob sob","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377215579","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377210481,"gmtCreate":1619530126843,"gmtModify":1704725475146,"author":{"id":"3582013919792884","authorId":"3582013919792884","authorIdStr":"3582013919792884","name":"JasmineChew","avatar":"https://static.tigerbbs.com/27d2a9727eb584439a41f368da0d4992","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582013919792884"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377210481","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4183550,"gmtCreate":1619792626163,"gmtModify":1680786377457,"authorId":3582013919792884,"author":{"id":3582013919792884,"authorId":3582013919792884,"name":"JasmineChew","avatar":"https://static.tigerbbs.com/27d2a9727eb584439a41f368da0d4992","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377210481,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":377210257,"gmtCreate":1619530107979,"gmtModify":1704725474016,"author":{"id":"3582013919792884","authorId":"3582013919792884","authorIdStr":"3582013919792884","name":"JasmineChew","avatar":"https://static.tigerbbs.com/27d2a9727eb584439a41f368da0d4992","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582013919792884"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377210257","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377237676,"gmtCreate":1619530036395,"gmtModify":1704725472722,"author":{"id":"3581378814299872","authorId":"3581378814299872","authorIdStr":"3581378814299872","name":"TheoL","avatar":"https://static.tigerbbs.com/dbcd2b840ae0d4fb59c2f73c5e8c313a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581378814299872"},"htmlText":"More than meets the eye here. The eye of the Tesla","listText":"More than meets the eye here. The eye of the Tesla","text":"More than meets the eye here. The eye of the Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377237676","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4150389,"gmtCreate":1619530298747,"gmtModify":1680785856219,"authorId":3559646996357772,"author":{"id":3559646996357772,"authorId":3559646996357772,"name":"小熊家族","avatar":"https://community-static.tradeup.com/news/3a5653b8f67e7f6deae6e1f8cef74bd0","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.67%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377237676,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"}],"langContent":"EN"},{"id":377234784,"gmtCreate":1619529988448,"gmtModify":1704725472238,"author":{"id":"3579577018307778","authorId":"3579577018307778","authorIdStr":"3579577018307778","name":"zhz242","avatar":"https://static.tigerbbs.com/44c73125d79a473003bfbe7fbfd60829","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579577018307778"},"htmlText":"bnjjj","listText":"bnjjj","text":"bnjjj","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377234784","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":377299881,"gmtCreate":1619528815643,"gmtModify":1704725449286,"author":{"id":"3581808984308200","authorId":"3581808984308200","authorIdStr":"3581808984308200","name":"February81","avatar":"https://static.tigerbbs.com/9fa48afca03a30dad3932e22f0c6d6f6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581808984308200"},"htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/377299881","repostId":1161810404,"repostType":4,"repost":{"id":"1161810404","pubTimestamp":1619527994,"share":"https://ttm.financial/m/news/1161810404?lang=&edition=fundamental","pubTime":"2021-04-27 20:53","market":"us","language":"en","title":"What's The Real Story Of Tesla In China?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161810404","media":"ZeroHedge","summary":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t","content":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the&nbsp;Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n<ul>\n <li>We have a global explosion of repressed consumer spending set to hit the market.</li>\n <li>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</li>\n <li>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</li>\n</ul>\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to&nbsp;Seeking Alpha&nbsp;high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the&nbsp;Big-Lizzie UK carrier strike group&nbsp;heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4:&nbsp;“Things are seldom as bad as you fear, but never as good as you hope!”","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's The Real Story Of Tesla In China?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china>ZeroHedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhat’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4152198,"gmtCreate":1619544768296,"gmtModify":1680785888789,"authorId":3581670870735353,"author":{"id":3581670870735353,"authorId":3581670870735353,"name":"Daredragon","avatar":"https://static.tigerbbs.com/087bb965bf1c15d297b5de7860949fc7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377299881,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"},{"id":4150319,"gmtCreate":1619529698081,"gmtModify":1680785857370,"authorId":3582023311610406,"author":{"id":3582023311610406,"authorId":3582023311610406,"name":"Stephanie58","avatar":"https://static.tigerbbs.com/3ad2409c4debb23bdfeaf6c92729dba5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377299881,"type":1,"supId":0,"prevId":0,"content":"Gogogof","text":"Gogogof","html":"Gogogof"},{"id":4150194,"gmtCreate":1619528832955,"gmtModify":1680785857334,"authorId":3581808984308200,"author":{"id":3581808984308200,"authorId":3581808984308200,"name":"February81","avatar":"https://static.tigerbbs.com/9fa48afca03a30dad3932e22f0c6d6f6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377299881,"type":1,"supId":0,"prevId":0,"content":"like","text":"like","html":"like"},{"id":4150285,"gmtCreate":1619529441809,"gmtModify":1680785855000,"authorId":3574927733378333,"author":{"id":3574927733378333,"authorId":3574927733378333,"name":"KL123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377299881,"type":1,"supId":0,"prevId":0,"content":"Help Like and Comment","text":"Help Like and Comment","html":"Help Like and Comment"},{"id":4150306,"gmtCreate":1619529650267,"gmtModify":1680785854040,"authorId":3563191428086420,"author":{"id":3563191428086420,"authorId":3563191428086420,"name":"Excelsheet","avatar":"https://static.tigerbbs.com/30a30f253a4cec57f0a4d67ec91c7847","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":377299881,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":50,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}