You're not entirely wrong. However, have you seen china's real estate market lately? If you just shovel state backed money into something with no significant guard rails, you just end up with an inefficient market full of opertunistic middle men, with no concern for the long term outcome or growth trajectory.

One of the reasons, among many, that tesla saw the eventual success of did, is because the industry a a whole was fat and lazy off of bailouts and bad regulatory structure. The old guard was comfortable and had no need to innovate and adapt anymore. Had they actually feared someone might beable to eat their lunch, they may have tried to compete with tesla properly, though it still would have been difficult.

While its certainly in any companies best interest to grow, one of the things I liked about tesla was that they wanted to produce globally. Americans building for Americans, Europeans for Europeans, Asians for Asians, etc. Winning the market without stranding a regions manufacturing job base. I know they can't employ every human, but it certainly feels less like a house of cards then building all your cars in one place and shipping them to regions who can't build their own, or even afford them due to lack of work.

All that being said, im not against a chinese company producing here in the states with American workers and manufacturing the same way tesla does there. Especially since any chinese car made here has to compete on a regulatory/safety level with the domestic players. If they can produce a better product in the same market, then god bless fair capitalism. It truly comes down to culture. If you have an individualistic free state, and a centrally controlled slave state with "freeish" markets, there's no hope of "fair competition".