Tesla’s China game

Abstract

Before the recent pandemic and stock-market turmoil, Tesla made remarkable gains in China’s huge EV market. Quick take:<br>- After taking the US electric vehicle market by storm, Tesla set its sights on tackling the competitive Chinese EV market—the world’s largest, driven by government supports and incentives.<br>- As of the first four months of 2022, Tesla sold the third-most electric vehicles in China and was the only foreign company to place models on the list of the country’s top 10 EV vehicles sold.<br>- Regardless of the recent market and pandemic turmoil—not to mention CEO Elon Musk’s personal antics—Tesla is likely to continue expanding its reach in the Chinese EV market over the long term.