As President Biden's increasingly virulent stagflation chokes off auto buyers and the American economy, Elon Musk's predatory pricing strategy for Tesla is likely to snuff out General Motors and Ford.
Mr. Musk's gambit will likely also cede long-term control of the global auto market not to Tesla but rather to China.
You might think that lower Tesla prices at a time when inflation is raging would be good for America.
Tesla is already producing over half of its global output in China.
Despite Mr. Musk's promises not to do so, Tesla is also readying to flood America with Made in China slave labor imports - its Gigafactory Shanghai is already the world's biggest electric vehicle manufacturer.
Here's the even bigger danger: Tesla's massive and growing Made in China footprint virtually ensures that Chinese producers will steal Tesla's intellectual property and technologies and emerge collectively as global market leaders, eventually pushing Tesla aside.
Both to kowtow to his Chinese masters and to protect his Tesla investments, Mr. Musk must staunchly oppose the one presidential candidate in 2024 that the Chinese least want to inhabit the Oval Office, Donald Trump.
https://www.washingtontimes.com/news/2023/apr/25/whats-good-for-elon-musk-and-tesla-is-not-good-for/
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