Cheap labor and a big market means big moneys. Elon doesn't care about his tech, until they copied it, Tesla is a generation ahead. Tesla also is very open about use of their patents.
His loss I guess
His bet. He likes to bet high and he has won on such bets several times. Maybe he's getting careless and it's just a game for him.
He's done a great deal of shaking things up, but I won't defend every single move he makes.
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