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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "How Evergrande Tried To Take On Tesla" video.
Losing 100 times revenue but management keeps pouring in cash. Advertising a production line they don't have whilst only making spare parts... You may have stumbled on an embezzlement scheme, WSM.
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Actual Chinese car makers couldn't copy Tesla even when they had the blueprints.
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@evanh9301 there's a story to it. In China all companies must be majority China owned, so Tesla must take on partners and all partners must have the blueprints (this is how Chinese knockoffs have been made for decades). A lot of Tesla's car parts require multi-million dollar machines to make. Like how one piece involves the world's biggest hydraulic press and plastic mold using liquid metal to form one part. Given the need for multi-billion dollar investments and expertise many auto makers don't have, Chinese auto makers are unable to make any knockoff of Tesla. Their cars cost more and do less. So that's why the harassment/libel/vandalism campaign started against Tesla's Shanghai gigafactory.
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@evanh9301 They still had to surrender patents, sorry for not making that clear.
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