China’s Elon Musk just hit a wall — literally and politically.
Days after a Xiaomi SU7 burst into flames in Chengdu, killing the driver, state-linked outlet Caixin accused founder Lei Jun of dual nationality, hiding billions abroad, and defying Beijing’s chip ban on NVIDIA.
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China’s Elon Musk just hit a wall — literally and politically.
Days after a Xiaomi SU7 burst into flames in Chengdu, killing the driver, state-linked outlet Caixin accused founder Lei Jun of dual nationality, hiding billions abroad, and defying Beijing’s chip ban on NVIDIA.
Last year, he was China’s poster boy for homegrown innovation.
Now, the same system that built him is tearing him down.
In China, your downfall isn’t caused by one crash — it’s decided by when the Party stops needing you.
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