Caixin
May 24, 2022 03:50 AM
BUSINESS

Musk’s China Optimism at Odds With Tesla Suppliers’ Growing Caution

(Bloomberg) — Elon Musk’s enthusiasm for China doesn’t seem to have dimmed despite the lockdown-induced issues facing Tesla’s factory in Shanghai. Suppliers don’t necessarily share the same sentiments.

During the latest earnings season, there was a sense of déjà vu. Executives at Tesla suppliers based in Taiwan offered candid comments about plans to diversify manufacturing away from China as they assessed the fallout of the government’s pandemic lockdowns. It was almost like a return to the height of the trade war initiated by the Trump administration.

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