

China may be a dictatorship, but they actually put tax money into public projects. When they say they are going to do a project for the next X years it actually gets done. As a result, when cool new projects come up, the infrastructure is already there. It is one of the reasons why Chinese EVs are so good and so cheap.
Meanwhile, we have the US where the government is wholly noncommittal to public services that don’t extract money from their citizens. They frequently break contracts and agreements when they are no longer profitable or beneficial to the upper class. We have private militaries kidnapping and killing legal citizens just for existing.
It’s no wonder people view the US less favorably than China. Both are evil, but at least China doesn’t behave like a petulant child.



Their valuation was made based on the potential for every company to be using the product. No other companies outside of Musk-owned ones are valued that way. Many are valued on the average of a few years of revenue multiplied by 10.
It is blatant corruption and market manipulation. Anybody investing in such a company should expect to be holding bags within 24 hours.