this post was submitted on 09 Oct 2026
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Chapotraphouse
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Was talking to a guy that got a business degree 30 years ago that on the subject of Chihese electric cars said they were able to sell them so cheap / gain market share was because of government subsidies
"Didn't U.S. automakers get billions of dollars in bailouts that they used to do stock buybacks instead of updating their businesses??"
"Well yeah but the Chinese will charge less until they run people out of business and then raise prices"
"Isn't that basically every large company?? FAANG companies, Uber, etc etc etc"
"Well yeah..."