Tesla’s China ‘Recall’ Isn’t About Safety. It’s a Turf War.
Tesla’s rising dominance in China intensifies the cold war between two tech superpowers Q1 2021 hedge fund letters, conferences and more Tesla (NASDAQ:TSLA) stock has been facing a steady drip of bad press in China. The electric vehicle (EV) leader has been hit with everything from security concerns, perceived quality issues and even protests over its handling of customer complaints in the country. The weekend news won’t ease investor concerns or bolster consumer confidence. Tesla has started to “recall” (I’ll explain the quotes in a minute) more than 285,000 vehicles in the country — most of ...