Biden's China EV policy may be a nail in Tesla rival's coffin
The embattled EV automaker faced de-listing from the NASDAQ earlier this year.
On September 23, the Biden Administration announced a new set of proposals that can in truth ban software of Chinese origin from being utilized in "connected cars" roaming the U. S. highways and byways.
While controversial, Biden Administration national security adviser Jake Sullivan and Commerce Secretary Gina Raimondo defended that the move is justified on national security grounds, as it prevents bad actors from listening in on everyday American citizens or gaining get entry to to important infrastructure.
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