I wonder why China bent the rules for @Tesla in ways no foreign automaker had ever seen. In July 2018, the CCP allowed Elon Musk to build a wholly owned factory in China… the first time ever a foreign car company didn’t require a mandatory 50/50 local Chinese joint venture partner. Giga Shanghai broke on January 2019. Just ten months later, cars were rolling off the line. Then the incentives: • Over $1.6 billion in low-interest state-backed loans to Tesla. • A reduced 15% corporate tax rate. • The only foreign automaker ever granted a purchase tax exemption. No other foreign company has received a package remotely close to this… 🤔