Musk visited China without taking into account the feelings of the Indian third brother.
It is said that at the invitation of the China Council for the Promotion of International Trade, on the afternoon of the 28th, Elon Musk, CEO of Tesla Inc. in the United States, arrived in Beijing.
Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Musk to exchange views on topics such as the next step of cooperation.
According to people familiar with the matter, Musk's trip to China was "very unexpected."
Previously, Musk was scheduled to pay a two-day visit to India on April 21 and 22 local time to meet with Indian Prime Minister Modi and announce Tesla's investment plan in India.
But on April 19, Musk said on social media: "Unfortunately, Tesla's visit to India had to be postponed due to the heavy workload, but I am very much looking forward to visiting India later this year."
Musk's operation is estimated to allow India to directly break the defense.
Forget about releasing pigeons, turn around and visit China, and the more important thing is that the reason is so casual, it's just scum.
How can the third brother be embarrassed, this pot of humiliation is enough for India to drink for a while.
India is a check, China is cash, and Musk carries it very clearly
Whether it is investment in factory construction or later sales, the Indian market has the following flaws:
Uncertainty: The biggest uncertainty is the political and business environment, which is why Musk Pigeon visited India.
India's general election was officially launched on the 19th of this month and will last for more than a month.
Musk's pigeon visit to India is neither to be used on the platform, nor to take a stand.
What's more, even after chatting with the current Modi, you can't count yet, and it's a waste of time to chat.
According to India's "Business Today", Ramesh, secretary general of India's opposition Congress party, gave his own interpretation on social media, saying that Musk has seen the situation very clearly, and he knows how the Indian people will vote, "India's new prime minister will soon welcome Musk's arrival, when the new Indian government will be more active in promoting electric vehicles." The remarks were accused of implying that incumbent Prime Minister Narendra Modi would "lose" the vote.
Another MP from the opposition Shiva Army Party, Chatuvedi, posted on social media that he estimated that Musk's postponement was due to the fact that if he visited India at this time, he would definitely be pulled to the platform of the ruling Bharatiya Janata Party.
No unified domestic market: India does not seem to have formed a unified domestic market.
Due to the large number of ethnic groups and the complexity of religions in India, the problem of religious contradictions is very prominent. Geographically, it is divided into several parts, and the intricacies of the political system have led to the fact that today's India still does not have a unified market.
As a result, some major projects in India have been difficult to advance, as exemplified by the delay in the Indian high-speed rail project.
Some netizens once said that it is easier to understand India as a geographical concept rather than a national concept.
In addition, India lacks a complete new energy vehicle industry chain, its consumer market has not yet been cultivated, and the supporting charging facilities are not complete.
For Tesla, the Indian market is a forward check market, and the bad checks are large.
On the other hand, the Chinese market, after years of cultivation, today's Chinese new energy vehicle market has been quite complete and mature.
Tesla has also had considerable success in China.
Benefiting from China's complete new energy vehicle industry chain, highly accepted consumer market, and stable political and business situation, half of Tesla's production capacity and sales are concentrated in China.
Tesla's production and sales in China have a significant impact on Tesla's future.
The Chinese market is Tesla's basic market, and only by stabilizing the Chinese market can Musk stabilize his position as the richest man in the world.
For Tesla, the Chinese market is a cash (currency) market, where every investment is stable and risk-controllable, and every income is predictable.
There is no denying that the Indian market is a very promising market with huge potential in terms of economic size, level of development, and demographics.
But under the call of money, Musk, as a businessman, still made a choice with his feet.
Musk has two urgency: reviving sales VS "smart driving"
A rush to sell: With the development of domestic mainstream new energy vehicle brands, Tesla is facing huge sales pressure.
According to public news, Tesla's sales in the first quarter showed a downward trend, and on April 23, local time, Tesla released a financial report that fell short of market expectations.
The report reported first-quarter revenue of $21.3 billion, missing estimates of $22.3 billion, and adjusted earnings per share of $0.45, compared to analysts' previous forecast of $0.52.
Some media directly used "thunder" to describe such a big gap.
In order to reverse the decline in sales, Tesla followed up with a wave of price cuts, and the specific effect remains to be tested.
In addition to facing fierce competition, the lack of high-end "intelligent driving" is also one of the factors that led to the decline in Tesla's sales.
The castrated version of Tesla simply can't compete with the cool intelligent driving represented by Huawei.
It is imperative to make up for the shortcomings of "intelligent driving".
Erjian China's version of intelligent driving: It is undeniable that Tesla has a cool "intelligent driving" technology, which has been pushed and used by some users in the United States. However, in China, Tesla has not yet pushed the "FSD intelligent driving" version.
The lack of data is the main reason why Tesla's Chinese version of intelligent driving cannot be formed.
Tesla's FSD technology requires a lot of data.
Although Tesla has built a data center in China, it has not been able to train and iterate on this part of the data.
It's just that Tesla doesn't have a corresponding technical team in China to train the data.
In other words, Tesla is satisfied with the localization of data storage, but it has not yet met the "localized" utilization of data.
A gap that cannot be bridged
The most direct way for Tesla to promote the implementation of the Chinese version of FSD is to establish a localized team and use its ready-made technical algorithms to train the collected data.
Musk believes that his algorithm is a core secret technology, which is inconvenient to land in China. Perhaps it is the fundamental reason why it does not establish a local data training team in China.
Therefore, Musk's appeal is to persuade the regulator to allow it to bring the collected data back to the United States for training and iterative upgrades, and then push the formed FSD to Chinese users.
China's regulation of data is an objective requirement related to the public interest and national security. For data export, there is a relatively high threshold.
There seems to be an irreconcilable contradiction between the two.
It's up to who compromises with whom.
Theoretically, the intelligent driving of many Chinese enterprises is developing, and if Tesla insists on not establishing a local data training team, it will inevitably be hesitant to move forward and transfer out the "intelligent driving" team.
The initiative should be on the regulatory side.
Intriguingly, on the day of Musk's visit on the 28th, the China Automobile Association issued an urgent notice that all Tesla models in Shanghai comply with data security, becoming the only foreign-funded car company that meets compliance requirements.
It seems that regulation is going to open an opening for Musk.
This may prepare Tesla for becoming a whitelist in the Regulations on Facilitating and Regulating Cross-Border Data Flows, which will allow Tesla to legally send driving data back to the United States.
In exchange, Musk's investment and production of low-end models may once again settle in China, and at that time, Tesla will stop layoffs and even recruit people against the trend to expand.