China’s Tesla Recall an Unfortunate Incident of Successful Entrepreneurialism
In a recent move, Tesla (TSLA) has announced the recall of 362,758 vehicles due to the risk that its full self-driving beta software could cause a crash. After this announcement, Tesla’s stock price fell into negative territory.
The news of this recall has quickly reached China, where the Chinese government has taken steps to censure it in order to prevent any chance of a similar incident occurring in the country. But, according to Chinese President Xi Jinping, there is an even more important reason for censoring the news: to protect China’s successful entrepreneurial culture.
“At first glance, this recall may seem like an unfortunate incident,” said President Xi. “But when viewed from another perspective, it is a clear example of the success of China’s entrepreneurial spirit. We must ensure that such success is not overshadowed by negative news and perceptions.”
He continued, “Tesla’s recall shows that Chinese entrepreneurs are capable of creating products that are innovative and ahead of the curve. We must ensure that our citizens do not become discouraged by the news of this recall, as it should be seen as a testament to the success of our entrepreneurial culture.”
President Xi’s comments have been met with both criticism and praise. Critics argue that censoring the news of Tesla’s recall actually sends a negative message to the public, while supporters point to the need to protect the success of Chinese entrepreneurs.
Only time will tell how China’s citizens will react to the news of Tesla’s recall and whether or not President Xi’s decision to censor it will be seen as a wise move or not.
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