“China is Tesla’s most lucrative opportunity,” wrote the Business Insider. A new report makes it look like that opportunity has been lost. “China plans to halt issuing permits to produce electric vehicles because of concern additional approvals may lead to a glut in the world’s biggest auto market,” wrote Bloomberg.
Without permits, no Chinese production. Without Chinese production, no chance to gain relevance in a market surrounded by high custom barriers, and subsidies that favor domestics. Without the world’s largest EV market, no chance for Tesla to maintain scale and relevance in the world.
