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Transcript:
0:00:00 "This Is A Violation Of Policy": Tesla May End Up A Pawn In Chinese Trade War
0:00:05 China has already clamped down on several American companies - fining Ford $23.6 million for antitrust violations and investigating FedEx for "wrongful deliveries".
0:00:14 Of these coincidentally timed hiccups, Andrew Polk, co-founder of research firm Trivium China in Beijing said: "At this stage I think our baseline assumption should be that there are no coincidences."
0:00:24 Now the question is whether or not Tesla could be the next pawn in the ongoing trade war.
0:00:28 The company said on its Weibo account that its interest free service could save consumers $7,673 and that its free license plate rental could save consumers about $8,600. Customers buying a Tesla Model 3 long range would "only need to pay 120,000 yuan as a deposit, plus a rental fee of 11,700 yuan every month," the company's post said.
0:00:49 The move marks a big bet on the Chinese market despite the ongoing tension between the two countries.
0:00:54 But some consumers have reportedly forwarded Tesla's announcement to the official Weibo account of the Beijing Municipal Commission of Transport (BMCT).
0:01:01 One user said: "It's a big discount, but are you sure your license plate rental service is not on the edge of the law?
0:01:07 This is a violation of policy." Another commented: "[China] has been pushed to this point amid an escalation of the trade war, could the BMCT take notice of this issue and take measures?"
0:01:16 Finally, one 20-something Beijing resident focused on Tesla's volatile business model, simply stating: "There may be another huge discount in the near future, so I prefer to buy homegrown electric cars over US brands."
0:01:27 Thanks for watching.
0:01:28 This Article was originaly published on: ZeroHedge. Check the link below.. to read the full article.
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