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In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers
Tesla has a lot going on. A significant slump in sales, stoking concerns among investors and industry analysts, in an EV market where aggressive price cuts have been needed to spur demand, have tied into decisions made by Elon Musk’s company to lay off workers and scale back spending on its EV Supercharger network. Tesla’s stock price has declined by over 30% this year. Then, there’s the whole trade war with China, in which Musk holds a unique position. The U.S. government is determined to limit China’s ability to, as it says, “flood” the U.S. market with renewable energy products, including its rapidly ... (full story)