Commentary on Rumors of Tesla Adjusting China Business

English summary

### Commentary on Rumors of Tesla Adjusting China Business

Time: 2026-07-31 16:08:36

Content: Commentary on the rumor of Tesla adjusting its China business. This rumor has been widely discussed, and the official response has confirmed it as false news. Our thoughts are as follows: The core logic is clear: the nature of T and S businesses is fundamentally different — both vehicles and humanoid robots are pure B2C civilian businesses, and mass production cost reduction relies heavily on the Chinese supply chain, a foundation that is difficult to shake; meanwhile, SpaceX has clear national defense attributes, and regulatory red lines at the national security level objectively exist between China and the US, leading to a natural policy conflict between the two. Therefore, no matter which plan is ultimately adopted, the general direction will certainly be to isolate civilian businesses from the national defense system. At the supply chain level, the "Non-China" policy requirement for core components will continue to tighten, especially for humanoid robots with stronger dual-use (military-civilian) attributes, which will face stricter regulatory standards than vehicles. …