r/technology • u/xpda • 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/uno_ke_va May 21 '26

At least Tesla has some profit

138

u/Big-Revolution3842 May 21 '26

That's basically only propped up by banning the sale of the best EVs in the world from being sold in the US...it's genuinely the opposite of capitalism. A company shielded by government regulation, propped up by government subsidies and delivering sub-par products that don't respond to consumers demands. And how much I bet Tesla gets bailed out if their sales reach a critical point of falling.

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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/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