Tesla Just Turned A US Factory Into Its Biggest China-Risk Hedge

By anchoring key parts of its supply chain—batteries in Michigan and AI chips in Texas—Tesla is turning domestic factories into a buffer against its biggest external risk: China.This isn't about capacity. It's about exposure.A Factory That Doubles As InsuranceThe logic is simple. The more Tesla relies on overseas supply—especially China—the more it's exposed to tariffs, trade restrictions, and geopolitical shocks. A single policy shift can ripple through costs, timelines, and margins.A U.S. factory changes ...