China isn’t complaining that scores of companies have moved lower cost manufacturing to neighboring countries like Vietnam, Cambodia or Laos. They know those jobs aren’t coming back. Instead, the government invested in modern infrastructure and education to equip its citizens for the jobs of tomorrow. They are even mandating AI courses in primary/secondary education. They produce 1.5m engineering graduates each year - 7X more than the US.China is already well ahead in the development of future industries including EVs, autonomous vehicles, flying cars, factory automation, ultrafast maglev trains, supersonic commercial air travel, full scale AI adoption, and even artificial general intelligence (AGI).These are all industries that US leaders must support in order to keep abreast with China.

1. $Tesla Motors(TSLA)$ This could very well be the blessing in disguise for TSLA which is now up 5% after Trump suggests Elon’s departure from DOGE soon. But if you think this means good times are back for the company, think again. It all depends on how fast Elon can show the market how he’s laser focused on returning Tesla to growth and improve profitability. Getting to the top is hard. Staying there is vicious.2. $Xiaomi Corp.(XIACY)$ Looks like a convenient excuse to take profits from a stock that gained 70% since the start of the year as of 3/19/25. If we’re going to sell a n EV maker because of unfortunate fatalities, then nobody would have made a fortune in TSLA when it was involved in over 670 fa

$Tesla Motors(TSLA)$ 's China sales bounced back almost 200% in March to 78,828 units vs. Feb after last month's production halt due to new Model Y preparations. Year-on-year sales fell 11.5%. Weekly insurance registrations jumped to 20,700 in the week ending March 30. That's about where Tesla needs it to be to be consistent with its large number of preorders/reservations for the new Model Y. Let's see how these new registrations hold up in the coming weeks. If it stays consistently above 20k, it's a good sign of healthy demand even in the face of strong competition from $BYD Co., Ltd.(BYDDY)$ $Xiaomi Corp.(XIACY)$ $NIO Inc

$NVIDIA(NVDA)$ is not looking too great on the charts. Coincidentally, $Alibaba(BABA)$ $BABA-W(09988)$ 's Joe Tsai called out what he saw was an AI bubble forming in the US. Meanwhile, the AI boom is firmly taking root in China where open-source models like DeepSeek are allowing companies to develop at a fraction of the cost that US companies have to contend with.Image

Not surprised that it would be BofA that would be coming out with nonsense like this. A “meaningful correction due to similarities with the 2015 boom and bust cycle” flies in the face of one of the strongest stimulus measures unleashed by Beijing since the 2008 GFC.Retail sales are picking up with online sales +7.3% in 2M25. Caixin PMIs show expansion both in services and manufacturing. Fixed asset investment growth accelerating. The real estate market is recovering with T1 cities seeing price gains YoY. Not to mention the impact that DeepSeek and other AI models are expected to have on the economy - something being touted for in West with ChatGPT etc. Like I said, you can’t say that AI will be a massive multi-trillion-dollar boon for one country and not have any effect on another. Especia

If $Apple(AAPL)$ 's waning sales in China are any indication of Chinese consumer appetite for US brands, $Tesla Motors(TSLA)$ has some challenges ahead. We'll have weekly NEV insurance figures out tomorrow. If that doesn't pick up substantially from the previous week, it's one sign that actual demand isn't as strong as 200k reservations for Model Y facelift suggested. ImageJP Morgan expects TSLA to report its worst quarterly deliveries in three years:“We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly."

1. $Apple(AAPL)$ Apple has an image problem.It wants to project an image as a growth stock - a forward PE ratio of 30X.But it is no longer a growth stock. Its TTM revenue growth over 3 years is 3.9%, while its TTM FCF is flat.It's a cash machine for sure. But does a cash machine deserve to trade at 30X forward PE?Image2. $Tesla Motors(TSLA)$ Over the last 4 years, China’s pure batter EV sales have been rising while enduring the same seasonal dips. (Chart 1)Over the same period, Tesla has hardly grown sales beyond its 80k monthly peak. (Chart 2)This isn’t the performance of a company gaining market share. The opposite in fact is happening.Image

$Tesla Motors(TSLA)$ reports receiving 200K orders for its facelifted Model Y in China, which started production on Feb 18 and deliveries on Feb 26.While encouraging, it's important to note a "large number" of these orders are for refundable deposits. They don't guarantee that many Model Y sales - cancellations are common in China where brands aggressively compete for consumer attention.It's also encouraging that weekly insurance registrations for Tesla from Feb 24 to Mar 2 grew 77% week-on-week to 12,700 units. That's about on par with Tesla's weekly domestic sales in 2024.Given the production lines for both Model 3 and facelifted Model Y are already up and running, and assuming pent-up demand from launch orders of the Model Y, we should see thes

Dear Mr. Musk,An almost 50% drawdown in 2.5 months just erased close to $800B in wealth for your $Tesla Motors(TSLA)$ shareholders including yourself. You might want to spend some time away from DOGE to address the concerns of the same investors who believed in you and helped make you wildly successful.Just a thought.I don’t own it. I’m also very relaxed. It’s just crazy how a stock of any major company - let alone a Mag7 stock - crash by nearly half in 2.5 months and not a peep from its CEO. 😅Image

Hang Seng Tech Index $HSTECH(HSTECH)$ brushes off another down day on Wall Street to tack on another 4.5% gain. Now up 41% from January lows. 🔥🔥🔥 $KWEB $KTECThe fact this bull market has barely paused even in light of Trump’s push for strong investment curbs against China’s tech sector is indicative of the real sentiment change in the market. Even locals (Chinese) keep piling i to the market because they know things are getting better.Premiums to ADRs: $BABA-W(09988)$ $Alibaba(BABA)$ +5.1% $JD-SW(09618)$ $JD.com(JD)$ +7.9% $BIDU-SW(09888

BYD Company’s monthly chart. It was, at one point, owner of 24.59% of all voting H-shares of $BYD Co., Ltd.(BYDDF)$ .They already trimmed that to just 4.94% by July 2024 after selling 1.4m shares @247 per share. Stock last traded at 392 per share. $BYD COMPANY(01211)$ Image $KraneShares CSI China Internet ETF(KWEB)$ may look like it’s had a helluva run from $27 to $37. But remember where it came from while keeping in mind what’s going on in China:✅Structural shift in economy✅DeepSeek AI revolution ✅Consumption stimulus✅Valuation discount vs $The Magnificent Seven ETF(MAGS)$ Image

AI is like the Internet. If you make it exclusive and expensive, you won’t get mass adoption and all the good things that come with it. DeepSeek turned the global industry on its head.It’s now being adopted on a mass scale in China. And it will open up new industries we’ve never before imagined possible. That’s a big reason why you’re seeing the Hang Seng Tech Index $HSTECH(HSTECH)$ constantly rising. Structural change is going to power China’s economy to new heights.Sorry, Gordon and Kyle, there’s still no collapse. $iShares MSCI China ETF(MCHI)$ $KraneShares CSI China Internet ETF(KWEB)$ $KraneShares MSCI China All Share

At the halftime break, Hang Seng Tech Index $HSTECH(HSTECH)$ booms 4.7% to a 3yr high. Surge driven by $Alibaba(BABA)$ $BABA-W(09988)$ ’s strong 3Q results showing better growth in cloud biz, which will only get stronger as DeepSeek sends AI cloud service demand soaring. $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACF)$ & $BYD COMPANY(01211)$ $BYD Co., Ltd.(BYDDF)$ both hitting new ATH on stimulus expectations. Most counters trading at slight premiums to ADRs.