Chinese love their Musk Bro, these Tesla numbers are 'good news' for Tesla CEO Elon Musk
Tesla Inc.
CEO
Elon Musk
, the world's richest man, has gained unexpected support from Chinese social media users amid his public dispute with U.S. President Donald Trump over Trump's controversial 'One Big, Beautiful Bill.' According to The Guardian, users on China's Weibo platform have been vocally backing Musk, with the hashtag #MuskWantsToBuildAnAmericaParty going viral on X, the platform formerly known as Twitter. The online support highlights Musk's growing influence and the global resonance of his clash with Trump, as Chinese netizens rally behind the billionaire's stance.
Now Tesla Inc. has reportedly seen its first year-on-year increase in vehicle deliveries from its Shanghai factory this year, signaling a potential turnaround for the electric vehicle giant in China's fiercely competitive market. The U.S. automaker delivered 71,599 vehicles in June, a modest 0.8% rise compared to the same month last year and a 16% jump from May, according to data released Wednesday by China's Passenger Car Association (PCA).The uptick comes as Tesla navigates an ongoing price war in China, the world's largest EV market. While the PCA did not specify the split between domestic sales and exports, the growth suggests Tesla is gaining traction.
A key factor may be recent regulatory progress, with China unveiling guidelines last month that could accelerate the rollout of Tesla's advanced driver-assistance features. These enhancements are seen as critical in a market increasingly focused on intelligent vehicle technology, potentially giving Tesla a competitive edge.This milestone marks a positive shift for Tesla as it seeks to strengthen its foothold in China amid intensifying competition and evolving consumer demands.
Support messages for Musk Bro flood China's Weibo
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by Taboola
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'Brother Musk, you've got over a billion people on our side backing you,' one Weibo user wrote, while another encouraged, 'When you've had enough, there's no need to keep putting up with it.' Others speculated on the broader implications of Musk entering politics. 'If Elon Musk were to found a political party, his tech-driven mindset could inject fresh energy into politics. The potential for change is significant – and worth watching,' a user commented, highlighting the global intrigue surrounding Musk's escalating feud with Trump.
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That list is full of immigrants of Asian origin, including India's Tripti Bansal, who studied at IIT Kanpur. Rich vs Poor The problem is that the rich in America hate taxes, and the wealthiest of them, like Musk and other Wall Street favourites, enjoy big loopholes and pay a capital gains tax only when they sell their shares. Inheritance tax is largely a state subject in the US and is levied only by a handful of states. A study showed that a tax law enacted under Trump reduced the reach of the federal estate tax to historic lows. In 2019, only eight of every 10,000 people who died left an estate large enough to trigger the tax. If a US citizen inherits an asset (that is not cash), there is no capital gains tax owed until the asset is sold, and that too applies only on the appreciation of an asset that accrues after the property is inherited. Such loopholes enable the transfer of property without much cost to the wealth earner or inheritor. 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America's rich tend to invest in high technology and wealth-creating ventures, but there is no mechanism through which such wealth is shared with poorer workers who contribute to the wealth creation indirectly by their toil and employment for companies shaped by new technologies. What Mamdani Brings To The Table Mamdani is promising economic incentives to protect the lifestyles or livelihoods of poorer people, while Trump feeds on their fears. Musk feels the villain is a bloated government bureaucracy or expenses that do not threaten his own tech-fuelled, space rocket ambitions. Trump cannot overdo the DOGE act to please Musk because that might hurt government employees further. More than 1.2 lakh federal government employees left or were sacked by the Trump administration in his first 100 days in power. Trump's stated aim is to protect the ordinary tax-paying American, not high-tech moneybags. What Mamdani is doing, perhaps, is to bring the immigrant chutzpah, so far restricted mostly to technology and business, to the world of US politics and political economy - not counting the half-white, Harvard-educated Barack Obama, whose father is of Kenyan origin. Why should ordinary Americans vote for a project or party that sends rockets to space but offers little for their own pockets? That is the big question that is being slowly but surely warmed in the boiling cauldron of US politics. (Madhavan Narayanan is a senior editor, writer and columnist with more than 30 years of experience, having worked for Reuters, The Economic Times, Business Standard, and Hindustan Times after starting out in the Times of India Group.) Disclaimer: These are the personal opinions of the author
