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I agree that Tesla has clear strengths, like the vast amount of data they've collected from their cars, and their charging network, but it's also obvious that something is going very, very wrong with that company. The stock value is not reflecting that.
(Do. Not. Look. At. P/E.)
Loads of people trusted Huawei, even after all the hyperbole about backdoors for the government. It needed regulators banning Huawei to knock their share of the market and protect the homegrown spyware.
Huawei doesn’t only make phones — they also make the cell network infrastructure and they sell it at much lower costs than American companies do. The US put pressure on allied countries to divest from Huawei infrastructure (especially 5G cell networking) to both avoid the security risks and to leave those allies with only American companies to buy from.
And we can’t forget that Trump very publicly used Huawei’s executive as a hostage to a negotiation.[1]
[1] https://en.wikipedia.org/wiki/Extradition_case_of_Meng_Wanzh...
This was the only reason I remember being given.
And was also the one that was contradicted the most as they were sharing all the source code, and several areas of national security reviewed it, including GCHQ, giving it the clear.
Politics and trying to stop an economic competitor from taking business away from overpriced alternatives was the real unspoken reason.
This is conspiratorial nonsense, the EU has Sweden's Ericsson and Finland's Nokia and along with South Korea's Samsung there are plenty of choices. I can't actually think of comparable American companies.
They wouldn't be good for intel gathering (either deliberate or incidental, c.f. FitBit or whatever leaking some US military info because of all the soldiers tracking themselves) if they weren't also just straight up good products.
This lack of exclusivity between "quality" and "spying" is also why I found it hard to trust US products even before Trump 2.
All of them spy on me so it makes no real difference to me.
I guess it comes down to "does the government that is spying on me, want me to succeed in general or fail in general?"
As a British citizen living in Berlin, running US software on Chinese hardware (iPhone? Made in China; Kindle? Made in China; MacBook Pro? Made in China; random torches? Made in China; PV? Made in China), it's kinda hard for me to guess who is doing what spying and what they care about with that spying.
That sounds literally like a religious mantra. Do rational investors have 'faith' in the Costco CEO? Do they even know his name on top of their head?
Also, fun fact, I do own a Xiaomi 13T and I'm absolutely happy with my phone.
I think he has tremendous downside risk, but there are a ridiculous number of people who still have “faith and trust” in him despite all of his downside risk.