Yep.

Tesla went to China for cheap production and for a dream of huge consumer markets, just like every other Western company.

Then China took Tesla's tech, distributed it to various state-affiliated companies, and those companies started outcompeting Tesla.

Old, old story. https://t.co/DhnELYwz65

— Noah Smith πŸ‡πŸ‡ΊπŸ‡ΈπŸ‡ΊπŸ‡¦ (@Noahpinion) April 8, 2024