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Elon Musk Revisits China, Tesla's Largest Production Hub, Amidst Intensifying Competition · Elon Musk Podcast

• 0:07
  Hi everybody and welcome back to the Elon Musk podcast.
• 0:10
  And on this episode we discuss Elon, musk's recent high-stakes.
• 0:14
  Visit to China his first return to Teslas.
• 0:16
  Largest production Hub. In three years musk met with
• 0:19
  China's foreign minister and is expected to meet their senior
• 0:23
  officials and visit Tesla. Shanghai, plant a Miss
• 0:27
  increasing competition from Chinese, electric vehicles.
• 0:30
  Manufacturers and uncertainty about Teslas.
• 0:32
  Shanghai plant expansion, musk's visit signifies the importance
• 0:37
  of the Chinese market. Now interestingly China was the
• 0:40
  largest market for Tesla's model why contributing significantly
• 0:45
  to it becoming the world's top selling vehicle in quarter, one
• 0:48
  of 2023 musk's engagements in China.
• 0:52
  His strategic moves amidst geopolitical tensions in the
• 0:55
  future of Tesla in the world's largest electric vehicle Market
• 1:00
  will. BR key talking points today.
• 1:03
  Musk's visit is the latest in a series of high-profile returns
• 1:06
  by the top us CEOs to China. This is the company reopen its
• 1:10
  borders in reversed in 0 covid policy.
• 1:12
  In December earlier this year apples, Tim Cook visited a March
• 1:17
  while jpmorgan's Jamie dimon and Starbucks CEO are also in China
• 1:22
  this week. Upon Landing in Beijing musk met
• 1:27
  with officials in China. Who assured the Tesla CEO of
• 1:31
  China's commitment to improving the business environment for
• 1:34
  investors including Tesla. Now the used an elaborate
• 1:38
  driving metaphor to describe China.
• 1:41
  Us relations stating, we must step on the brake in time, avoid
• 1:45
  dangerous driving and be skillful it using the
• 1:48
  accelerator to promote mutually beneficial cooperation.
• 1:53
  Now, the foreign Ministry. Quoted musk as expressing his
• 1:56
  willingness to expand business in China and opposing a
• 1:59
  decoupling of the US and China, economies, he described the
• 2:03
  world's two largest economy, as conjoined twins, despite being
• 2:08
  the owner of Twitter must remain silent on the platform after
• 2:12
  arriving, in China, where Twitter is banned but accessible
• 2:15
  to some users through a virtual private Network.
• 2:18
  He had not posted on his official weibo account either.
• 2:23
  During his visit musk is expected to meet other senior,
• 2:26
  Chinese officials and visit Tesla Shanghai plan.
• 2:29
  Although the specifics of these meetings and their agendas
• 2:32
  remain unclear, A source with knowledge of the matter revealed
• 2:36
  that a meeting with a chairman of see ATL, a Chinese Battery
• 2:40
  Giant, and a key Tesla supplier was also planned in Beijing.
• 2:45
  See, ATL did not respond to a request for comment.
• 2:48
  Now, musk's visit to China comes amidst, increasing competition
• 2:52
  from Chinese. Electric vehicles in some
• 2:54
  uncertainty about expansion plans for the Shanghai plan
• 2:58
  Tesla's largest production, Hub investors have questioned
• 3:01
  whether and by how much the electric car maker will increase
• 3:05
  output in Shanghai Daniel lives and analysts and investment
• 3:09
  firm. Wedbush expects, Tesla to
• 3:11
  aggressively focus on building out, its China footprint,
• 3:15
  despite increasing competition. He referred to China's market
• 3:18
  for electric vehicles. The world's largest, as the
• 3:22
  Golden Goose. Use EV Market indicating a
• 3:25
  source of continued profit. He called, Tesla Shanghai, plant
• 3:29
  the heart and lungs of the company's Global Production.
• 3:32
  In a note for investors, another issue for investors is whether
• 3:35
  China Regulators will clear the release of Tesla's Advanced
• 3:39
  Driver assistance features available in the US as part of
• 3:43
  the full self-driving software is cells for fifteen thousand
• 3:47
  dollars per vehicle. Musk's space company SpaceX and
• 3:51
  the military applications of its Sterling.
• 3:52
  Satellite Network have also been washed with interest and concern
• 3:56
  by Chinese researchers since Russia's invasion of Ukraine.
• 4:00
  And China was the biggest market for Tesla's model, why electric
• 4:04
  sport, utility vehicles, helping it become the world's top
• 4:07
  selling vehicle in the first quarter of this year.
• 4:10
  According to data, from market research, firm J.
• 4:13
  Do in the first quarter of this year.
• 4:15
  Tesla sold 260. 7171 model wise of which 90 4469.
• 4:22
  You were sold in China higher than 80 3664 in the US and 70
• 4:29
  1114 in Europe. According to the data overall,
• 4:34
  the United States was the biggest market for Tesla which
• 4:37
  does not provide a regional breakdown of its Global sales,
• 4:40
  the model, why ranked first, in global sales followed by the
• 4:43
  Toyota Corolla Toyota Hilux and Toyota RAV4 and the Toyota Camry
• 4:48
  according to this data. Notably, the model Y is the only
• 4:51
  pure electric car on the list. Now, most recently expressed
• 4:54
  concerns about growing tensions, between China and the United
• 4:57
  States in an interview with CNBC Tesla has also recently held
• 5:02
  talks with Indian officials, about building a new Factory in
• 5:05
  India. Jay do senior analyst Philippe
• 5:08
  Munos expects. The model y to be the world's
• 5:11
  top seller by the end of 2020 3 due to price cuts that an email,
• 5:15
  the model to access the benefits of public incentives for EVS.
• 5:19
  He also suggested that increase production Or Tesla's new plants
• 5:24
  in Texas and Berlin. He's the supply chain issues in
• 5:27
  increase. EV demand in developing
• 5:29
  economies should buoy model? Why sales now?
• 5:33
  Unlike many automakers though? Tesla has a limited number of
• 5:36
  models and their variants, which has helped the model.
• 5:39
  Why become the biggest seller? However, Barclays analyst Dan
• 5:43
  Levy. Expressed concerns about Tesla
• 5:45
  being too reliant on. Just two models.
• 5:48
  The model. Y in the model 3 suggesting the
• 5:50
  Tesla may need more models. Variants to expand its Market
• 5:55
  this year, Tesla aggressively, cut prices, underscoring,
• 5:58
  intense competition, especially in the SUV segment, where
• 6:02
  Tesla's aging model, why faces a range of new arrivals.
• 6:06
  According to Ford CEO, Jim Farley and musk's visit to China
• 6:10
  is not just a return to test those largest production Hub.
• 6:13
  But also a strategic move amidst, increasing competition
• 6:17
  and geopolitical tensions. His engagements with Chinese
• 6:20
  officials and key industry players.
• 6:22
  We will be closely watched by investor as an industry.
• 6:25
  Observers. Now in 2019, musk took a trip to
• 6:29
  China and a year later he created a buzz on Chinese social
• 6:33
  media for dancing on stage, to celebrate the opening of Tesla.
• 6:37
  Shanghai Factory this time around though the stakes are
• 6:41
  much, much higher. And we're going to be watching
• 6:44
  this in investigating this and bringing you the news of Tesla
• 6:48
  in China on this channel. So please take a second it hit
• 6:52
  the follow or subscribe button on whatever podcast platform
• 6:55
  that you're on right now because I would greatly appreciate the
• 6:57
  support. And you could get Elon Musk
• 7:00
  episodes on your app every single day.
• 7:04
  Thank you so much for all of your support.
• 7:06
  And please take care of yourselves and each other, and
• 7:08
  I'll see you in the next one.