alt Hacker NewsI wonder if this might even be below reasonable "subsidy-compensation" tariff levels.
BYD, for reference, got almost 30% of their 2024 income from the Chinese state (~$1.4b).
But this is always difficult to judge because most nations help local industry to some degree, and it can be quite difficult to compare.
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While Americans very frequently complain that the Chinese state subsidizes various industries, I am astonished that they do not see any similarity with the fact that I never heard of any really big investment project in USA, e.g. the building of any new big factory or new company headquarters, that was done otherwise than after receiving very substantial tax reductions of various kinds from the local government of the place chosen for the project. In many parts of Europe those kinds of tax reductions would be illegal, being considered a form of state aid for a private company.
In comparison with Musk's companies ($15 billion in 2023, $7b in 2024), this seems to be a pittance.
https://www.congress.gov/119/meeting/house/117956/documents/...