Jung Un Lee, CEO of Momentum Works, shares his insights on Elon Musk's recent trip to China. He details Musk's high-profile meetings with Chinese officials, including a fascinating 16-course dinner with a battery supplier. The discussion dives into Tesla's competitive positioning in the booming EV market, with a focus on impressive sales figures and manufacturing advantages. Musk's emotionally charged speech at the Shanghai Gigafactory is dissected, alongside thoughts on how his Chinese engagements could influence his strategies for Twitter and the potential for a U.S. super app.
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High-Profile Itinerary And Banquet
Elon Musk met China's foreign minister, commerce and industry ministers, and ate a noted 16-course dinner with a battery chairman.
The trip was unusually high-profile compared with other Western CEOs visiting China.
insights INSIGHT
Shanghai's Production Scale
Tesla Shanghai delivered roughly 76,000 Model 3/Y in May, equal to one car every ~34 seconds from the factory.
That output contrasts with competitors and highlights Tesla's manufacturing scale in China.
insights INSIGHT
Policy Enabled Rapid EV Adoption
China pushed EV adoption aggressively; EVs made up about one third of passenger car sales in April.
Tesla benefited from policy and unique market access, including being allowed full foreign ownership of its Shanghai factory.
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Welcome back to The Impulso Podcast, your go-to source for in-depth coverage of the latest developments in business and technology. In this episode, we delve into the world of Tesla, its leader Elon Musk, and his profound connection to China. From Tesla's performance in the Chinese electric vehicle (EV) market to Elon Musk's recent visit and the impact on various aspects of Tesla's operations, we leave no stone unturned.
In case you missed it, check out last week’s E04, where we first explored Elon Musk's presence in China.
Delving into the heart of the episode, we uncover the details of Elon Musk's itinerary during his visit to China. Who did he meet? What insights were gained from these interactions? We share exclusive information about Musk's engagements, shedding light on the potential collaborations and future prospects for Tesla in China.
The Chinese EV market takes centre stage as we dive into the latest May sales numbers. Explore the market dynamics, emerging trends, and the competitive landscape in one of the world's largest automotive markets. We examine how Tesla is faring in this highly competitive arena, analysing its sales performance, market share, and customer reception.
One of the highlights of Musk's visit was his speech at the Tesla factory. You get to hear his words firsthand, and decide for yourself what his almost emotional tone of voice means.
Transitioning to his other endeavours, we consider Elon Musk's engagement with Twitter, both while in China, and otherwise. Is Musk inspired by WeChat, China's ubiquitous social media platform? We delve into his potential motivations and share an intriguing quote that sheds light on this aspect. Additionally, we examine the differences between Twitter and WeChat in terms of customer base and market positioning.
As we delve deeper into Elon Musk's various ventures, we touch upon his other companies, such as SpaceX and Starlink. Discover how these ventures align with Tesla's mission and explore the interconnectedness of Musk's visionary projects.
Tune in to The Impulso Podcast your favourite source for business and technology analysis; stay informed, stay engaged, and stay ahead of the curve. We’ll see you later this week for our Friday weekly recap episode.
Resources mentioned in today's episode:
Seeing the Unseen: Behind Chinese Tech Giants' Global Venturing
https://www.amazon.com/Seeing-Unseen-Behind-Chinese-Venturing-ebook/dp/B0BFJYPB6T/ref=sr_1_4?crid=2NLA4IYDT5YAO&keywords=seeing+the+unseen&qid=1685466121&sprefix=seeing+th%2Caps%2C539&sr=8-4
Why was Elon Musk Really in China?
https://thelowdown.momentum.asia/why-was-elon-musk-really-in-china/
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