<story><title>Tesla Strikes Deal With Shanghai to Build Factory in China</title><url>https://www.wsj.com/articles/tesla-strikes-deal-with-shanghai-to-build-factory-in-china-1508670181?mod=e2fb&amp;mg=prod/accounts-wsj</url></story><parent_chain><item><author>sidcool</author><text>It&amp;#x27;s a bit sad that some Governments exercise so much control on businesses and knowing the right people means so much.&lt;p&gt;There should be a Goldilocks zone between  Laissez-faire economy and extreme regulation.</text></item><item><author>omarforgotpwd</author><text>The 5% stake in Tesla Tencent took a few months ago was extremely strategic. Not only did Tesla get some much needed capital for Model 3 production, I&amp;#x27;m sure Elon&amp;#x27;s friends at Tencent were happy to introduce Tesla to the right people in the Chinese government to make this deal happen and boost their Tesla stake. A crucial step as China will likely soon represent the biggest market for EVs (if it isn&amp;#x27;t already?). Just goes to show every entrepreneur how valuable equity in your company can be not just for access to capital, but also access to people.</text></item></parent_chain><comment><author>dalbasal</author><text>Idk, I think this characterization is a little on the naive-idealist side.&lt;p&gt;Access to people in positions of power has always been an important part of the game. Those gatekeeping peddlers of access and influence can be financiers, politicians or corporate bosses. Often, it&amp;#x27;s all mixed together.&lt;p&gt;In the west, it&amp;#x27;s sometimes been considered faux pax to emphasize the political component publicly.  That generally doesn&amp;#x27;t apply to certain endevours, where the idea of doing anything big without such support is absurd. Banking, large scale construction and military industry comes to mind. If you can&amp;#x27;t get in a room with the big boys, you&amp;#x27;re not a big part of those.&lt;p&gt;I&amp;#x27;m not against idealisation. Like power in the hands of the people, building your fortune by the sweat of thy brow is admirable and attractive morally. As ideals, they can and do shape society and history. But societies and economies are not really built like that, never have been. Power matters.</text></comment>
<story><title>Tesla Strikes Deal With Shanghai to Build Factory in China</title><url>https://www.wsj.com/articles/tesla-strikes-deal-with-shanghai-to-build-factory-in-china-1508670181?mod=e2fb&amp;mg=prod/accounts-wsj</url></story><parent_chain><item><author>sidcool</author><text>It&amp;#x27;s a bit sad that some Governments exercise so much control on businesses and knowing the right people means so much.&lt;p&gt;There should be a Goldilocks zone between  Laissez-faire economy and extreme regulation.</text></item><item><author>omarforgotpwd</author><text>The 5% stake in Tesla Tencent took a few months ago was extremely strategic. Not only did Tesla get some much needed capital for Model 3 production, I&amp;#x27;m sure Elon&amp;#x27;s friends at Tencent were happy to introduce Tesla to the right people in the Chinese government to make this deal happen and boost their Tesla stake. A crucial step as China will likely soon represent the biggest market for EVs (if it isn&amp;#x27;t already?). Just goes to show every entrepreneur how valuable equity in your company can be not just for access to capital, but also access to people.</text></item></parent_chain><comment><author>TheSpiceIsLife</author><text>In case anyone gets concerned that Lassie the dog isn&amp;#x27;t free, the parent comment probably meant &lt;i&gt;Laissez-faire&lt;/i&gt;.[1]&lt;p&gt;1. &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.m.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Laissez-faire&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.m.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Laissez-faire&lt;/a&gt;</text></comment>