Tesla’s reliance on its Shanghai plant, built with Chinese bank loans, and low-cost local suppliers underpin its profitability. Observers wonder if that opens a door for China to pressure Musk to moderate content it dislikes.
Xinhua News Agency/Getty Imagesobservers are asking whether the acquisition also opens a door for China to exert indirect control over the social media platform, given Tesla’s reliance on its Shanghai plant and local suppliers for its profit.
Tesla was the first foreign carmaker in China allowed to wholly own its auto-assembly plant there. Previously, global giants including General Motors, Volkswagen, Ford and Toyota were required to partner with local Chinese companies, who typically owned a majority stake in joint-venture factories.
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