Part 5/12:
A surprising discovery in China adds another layer to Musk’s comprehensive strategy. Regulators there recently summoned automakers, including BYD, over a peculiar phenomenon: used cars being sold with zero miles. These vehicles were registered and licensed, but had never been driven—essentially phantom cars fueling a price war in the used market. Reports suggest that over 3,000 vendors are involved in this practice, which involves misrepresentation and potential fraud.
Elon Musk’s vigilance over such issues underscores his attention to integrity and market sustainability, especially as Tesla expands its global footprint. This rising awareness highlights market distortions that could impact valuations and consumer trust.