Tesla is building its next major factory in Mexico https://www.cnn.com/2023/03/01/business/tesla-mexico-plant/i..., that's how much Elon believes in China.

> If I had to put money on which EV company becomes the next major car company of the world, I would almost certainly bet that it's going to be a Chinese one.

Do you mean WM motor? one of the most promising startup https://www.autonews.com/china/wm-motor-pay-cuts-layoffs-sig... where at least 20 percent of WM Motor’s workforce has been laid off since November?

or Didi/Li auto venture? https://www.reuters.com/business/autos-transportation/chinas... which declared bankruptcy?

or Nio, whose stock was as high as $62, now below $10?

or BYD, whose stock has been offloaded by Warren Buffet by 1/3 since august of last year?

or China's car industry as a whole https://www.marklines.com/en/statistics/flash_sales/automoti..., whose production dropped 35% and sales dropped 34% in January 2023?

And why would a Chinese car company not be sanctioned/outlawed relating to the CHIP act, or something similar out of Europe?