Chair of the U.S. committee on China: “I’m concerned about this” (‘This’ being TSLA’s dependence on fed funds, and having access to China.)

“I’m concerned about this,” Gallagher told reporters when asked about the battery factory.

“Tesla seems entirely dependent, A, on the largesse of the federal government via tax breaks, and B, upon access to the Chinese market. The sort of deals they’ve struck there seem very concerning. I’d just be curious to know how Elon Musk balances both of those,” Gallagher said.

Source:

https://www.investing.com/news/stock-market-news/house-committee-chair-gallagher-concerned-by-tesla-dealings-with-china-432SI-3052729

 

h/t scott_jr

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