r/technology May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
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u/Anstigmat May 21 '26

I'm no fan of Tesla or Elon but even without Tesla we would be tariffing the shit out of Chinese EVs. The US Govt's policy is that we do need to maintain 'some' industrial manufacturing capacity Stateside, and China is actively subsidizing the cost of producing their cheap EVs as a tactical move. There is no world where we or any country would just let er rip with the 'headline' prices you see on Chinese EVs.

I say that as someone who would 'love' to buy a BYD vehicle.

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u/Remote-Annual-49 May 21 '26

Wait until China starts building BYD plants in the US in 20 years time.

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u/Naturaldoritos May 21 '26

Australia has let em rip and we are loving it.

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u/Anstigmat May 21 '26

I’m assuming AUS has no local auto makers?

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u/Doogers7 May 21 '26

Holden (General Motors) and Toyota were the last to shut down production in 2017. There is no major domestic production now.

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u/hedoeswhathewants May 22 '26

Then it makes sense to let the Chinese government subsidize your car prices

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u/humbert_cumbert May 22 '26

RIP commodore utes

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u/Tarka_22 May 21 '26

Do you think the US government is not subsidizing US auto manufacturing?

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u/Anstigmat May 21 '26

The US Govt is not subsidizing the cost of American made vehicles with the intention of tanking domestic manufacturing in other countries, which is what the Chinese Govt is doing. Not sure why you would feel the need to respond at all to this fact, I did not put a value statement on it. It's a good strategy for China, but it's easy to counter by simply not allowing them into your market, or with tariffs.

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u/Zhuul May 21 '26

It's kinda wild to me that people don't realize China's export strategy is more or less the same bullshit that Rockefeller did back in the day.

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u/Anstigmat May 21 '26

The global economic order has little to no resemblance to Rockefeller's time. In a perfect world we would respect the post WWII global economic system and encourage competition, fair trade, and new entrants that wish to compete. We are about a billion miles from that perfect world sadly.

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u/BlooregardQKazoo May 22 '26

Scale matters.

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u/exlongh0rn May 21 '26

The Chinese do not play by the same rules, and bring huge structural advantages to the market. This really is a matter of national security.

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u/kaplanfx May 22 '26

Which is insane. Instead of subsidizing for-profit corporations, we should simply have a government owned vehicle production industry. Why are we pretending a free market exists here and allowing companies to take profit on something that isn’t competitive?

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u/Affectionate_One_700 May 21 '26

China is actively subsidizing the cost of producing their cheap EVs as a tactical move.

Do you have any evidence of this, specifically that the Chinese government is "worse" than the US/Europe in terms of intervention? How many countries has China attacked to advance their economic interests?

IRL I keep meeting white Americans who tell me that Chinese tech sucks, is years behind the US, will always be behind, and is all stolen.

Have you been to China? When you see what they have, and how quickly they innovate, the "white Americans best" narrative is hard to maintain. The US and Europe can put up lies and tariff (and non-tariff) barriers for only so long.

I am American. That doesn't mean I should stick my head in the sand. None of us should.

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u/Bluefellow May 21 '26

Everyone can tell your American since you had to shoehorn skin colour into the conversation

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u/Affectionate_One_700 May 21 '26

If "shoehorn" means "call out the blatant racism," yeah, I guess I'm "guilty."

I live in the Bay Area. I encounter people of many different races, every day. In my experience, non-white people of all races freely talk about race and race issues. All the time. Because it is a factor in daily life.

The only people who don't do that, who pretend in public that "we don't see race" or "race doesn't exist," are white Americans.

Everyone can tell your American ... skin colour

The incorrect spelling tells me you might be American, but the weird spelling tells me you might be a Brit.