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Tesla has reached an agreement to build a factory in Shanghai, China:
Tesla Inc. has reached an agreement with the Shanghai government to set up its own manufacturing facility in the city, the Wall Street Journal reported Sunday, citing people briefed on the plan.
The Palo Alto, California-based carmaker is working with the local government on the timing and details of an announcement, the people told the newspaper. The deal, which without a local partner likely won't negate China's 25 percent import tax, will still allow Tesla to reduce its production costs drastically, according to the report.
China is the world's largest market for automobiles.
Previously: Tesla's Big China Chances on Indefinite Hold
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Electric Car Maker Tesla to Build Factory in China
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Power tends to corrupt, absolute power corrupts absolutely.
-- Lord Acton
(Score: 3, Insightful) by Arik on Monday October 23 2017, @11:53PM
Pouring money into an emerging industry just as it nears viability is a perfectly good business tactic, but it's hardly 'genius.'
"Rooftop solar was relatively limited use in the many states where it's illegal to sell excess power to the grid until the Powerwall made it possible to save your own electricity."
Is it actually illegal to sell your power back to the grid anywhere? I'd want to see a citation on that, frankly I doubt it very much. What's driven rooftop PV adoption has been net metering laws that effectively force the utility to subsidize them.
And again, getting in on a big subsidy or wealth transfer at just the right time may be keen business sense but 'genius' is a bit much.
"Integrated solar tiles that actually look nice on a house were a pipe dream until Solar City made them potentially workable."
And I'll anticipate your second paragraph right here. 'Potentially workable.' There's a big difference between 'potentially workable' and effectively practical, an enormous gulf, and he seems to have a real knack for convincing investors it's a trifle, if it's acknowledged even that much. This is a project that isn't going to solve any real world problems, if we take it on its face it's about giving fabulously wealthy people a socially acceptable way to flaunt that wealth; and the only other way it makes much sense is simply as a ruse to part investors from their money.
"Elon Musk didn't invent any of these industries, but he's advanced the state of the art substantially in multiple industries."
Sure, I'll actually give you that, with the clarification he's done so simply by investing heavily in already existing techs at the right time.
"He's definitely not perfect, but if you refuse to acknowledge that there's more than a bit of genius required to achieve what he has, then IMO you have an awfully high bar for what you consider a genius. "
I don't believe that it takes a genius to make a canny businessman, or a good confidence man either; in fact I rather suspect a correlation in the opposing direction.
If laughter is the best medicine, who are the best doctors?