Elon Musk’s ‘Symbiotic’ Relationship with China Is Now a Concern for Tesla

Elon Musk’s Tesla has found tremendous success in China, but the symbiotic relationship between the billionaire entrepreneur and Beijing is drawing scrutiny from U.S. policymakers as the billionaire supports the communist country in international issues.that when Elon Musk opened Tesla’s first Chinese-made factory in Shanghai in 2020, it cemented a deep relationship between the billioniare and the communist country.

SHANGHAI, Jan. 7, 2020 — Tesla CEO Elon Musk poses with Tesla China-made Model 3 vehicle owners during a ceremony in Shanghai, east China, Jan. 7, 2020. Then Beijing rolled out the red carpet: Chinese government–backed banks coughed up $1.6 billion in subsidized loans. And the regulatory red tape to build in China was eliminated by government authorities.

Now, interviews with former Tesla employees, diplomats, and policymakers reveal how Musk built an unusually symbiotic relationship with Beijing, profiting from the Chinese government’s largesse even as he reaped subsidies in the United States. In California, Tesla has enjoyed strong regulatory support, earning $3.71 billion in credits under the state’s emissions mandate by late 2023.

Tesla’s factory in Shanghai went up at record speed, with Mr. Li’s help. State-run banks offered Tesla over 11 billion yuan in low-interest loans, a deal so generous that it raised eyebrows among some government officials. The factory also created a market for Chinese suppliers, with 95 percent of components used in the Shanghai plant being locally sourced. Key suppliers, such as battery maker CATL and casting machine manufacturer LK Group, have grown alongside Tesla.

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