Takeaways: Biden plans to quadruple US/EU tariffs on Chinese EV imports.
This will further defend TSLA’s domestic beachhead: 1) 50% EV market share in the USA (No. 2: Ford 7% ) + 2) huge headstart over domestic auto incumbents in assembly line processes (Gigapress) & high manufacturing concentration .
Together, this should result in superior economies of scale which translates into lower unit costs — increasingly important in a commoditizing US EV sector.
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