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On October 22   Tesla  announced a landmark agreement to manufacture cars in China  building capacity to produce locally and boost sales in the worldâs largest market for electric vehicles.
The agreement is a landmark deal in several respects. China has granted  Tesla  more autonomy than other foreign producers.  Tesla  is the first major foreign automaker to establish local operations without a 50:50 local joint venture partner. This is a key concession as  it  allows  Tesla  tighter control over both  its  intellectual property and vertically-integrated production process.  Tesla  will also benefit by reducing production costs for cars sold in China and  though details were not disclosed  may also receive tax breaks and subsidies akin to those enjoyed by Chinese producers.
 Attracting Tesla  is a symbolic win for China. China has clear ambitions to lead the world in electric vehicles in a broader effort to build a cleaner  environmentally-conscious society. The timing of this announcement during Chinaâs critical 19th Congress reinforces the governmentâs broader objectives.
Yet  a closer look suggests that  Tesla  needs China more than China needs  Tesla . As the chart from IHS Markit: Light Vehicle Forecast below shows  China is an essential market for leading global automakers. China surpassed the United States in 2009 as the largest car market  and car sales in Western markets are forecast to decline  while emerging markets will drive global growth.
With its recent shift in environmental priorities  China is also becoming a major player in electric vehicles. In 2016  China accounted for 45% of all the newly registered electric vehicles worldwide with 336 000 in China vs. 160 000 in the United States. China is also building an EV charging infrastructure that primes the market for a high-end producer such as  Tesla . In 2016  China had a 44% global share of publicly available EV charging outlets  including 82% of fast-charging outlets. Demand for electric vehicles has grown faster in China than in any other global market with the share of EV purchases increasing 3.6x from 2014 to 2016. With EV purchases accounting for just 1.37% of the total car market  the Chinese EV market seems poised for further growth.
Low end EV's dominate Tesla
Despite seemingly favorable market conditions   Tesla  has had little success in China to date. Subsidies have driven electric vehicle demand  with the Chinese government paying up to 50% of the purchase price of domestically-produced EV cars. Lower-end electric vehicles have dominated  and  Tesla   which is subject to 25% import taxes  has largely been priced out of the market. In 2016   Tesla  had just a 3% share of the electric vehicle market in China.
 Tesla âs lackluster performance in China is a striking contrast to other global automakers. As in the West  cars are a status symbol in China  and consumers prefer prestigious global brands. Foreign cars claim a 60% market share in China  with foreign brands claiming seven of the top eight spots for cars sold in 2016. Premium brands have done particularly well in China.
Audi  BMW  Mercedes and Porsche all sell between a quarter to a third of their total global sales in China -- a 10% increase on average in just the past five years. In addition  Volkswagen now sells half of its global volume in China. The experiences of other foreign car brands suggest that  Tesla  should fare well in China if  it  can reduce production costs and vehicle pricing in line with the local market.
It is within this context that  Tesla  needs China more than China needs  Tesla . Chinaâs electric vehicle market will grow with or without  Tesla . But Teslaâs deal with the Shanghai government is both timely and essential. As the electric vehicle market takes off in China   Tesla  must do well in this vital market to maintain global leadership. Building volume in China is required to reduce production costs and pricing in the global as well as local market. Ultimately  as we are seeing in other industries   Tesla  may find that technology talent in China will also prove vital to maintain  its  position as a leading innovator globally.
Why Tesla Needs China More Than China Needs Tesla

âHis tail was whipping around  I had his head and his body twisting  it took everything I had to hold him without him getting away from me â the Chief of Department for the Suffolk County SPCA Chief Roy Gross told The Post.
But  Gross  said having an illegal reptile like an alligator in a residential home is no joke.
The gator was discovered on Friday after Suffolk Police were called to the home for an unrelated matter. They found the reptile  believed to be about 4-years-old  in a shed filled with complete with heat lamps  water and plenty of food.  Gross  said it was being kept as a pet.
Keeping a wild animal like an alligator in a home in New York is illegal  unless the residence is a licensed habitat  aquarium or zoo   Gross  said. The owner was charged with illegal possession of a wild animal by the New York Department of Environmental Conservation and faces a fine up to $250. If the Suffolk SPCA discovers the animal was abused or neglected  which Gross said is unlikely  the owner could face jail time.
âArnoldâ the angry alligator captured in Long Island home

Johnny Weir and Tara Lipinski during the start of the women’s singles competition. (Maddie Meyer/Getty Images)
To many viewers  NBC figure skating analysts Tara Lipinski and  Johnny Weir  are Olympic darlings — a one-stop shop for knowledge  sass and brass. Others  however  reach for their ear plugs  calling the duo mean  obnoxious and distracting. This debate resurfaces every time Lipinski and  Weir  appear on television.
“They’re just awful ” one commenter wrote after a Washington Post interview with Lipinski and  Weir . Another added  “They chatter incessantly like a couple of squirrels.”
Whether you appreciate Lipinski’s and  Weir ’s “truth” — and their newfangled approach — it appears they’re here for the long haul. Aside from anchoring the final figure skating competition Thursday night (the women’s free skate)  and the exhibition gala over the weekend  NBC announced that Lipinski   Weir  and Gannon will also host coverage of the PyeongChang Closing Ceremonies this weekend. The reaction to this news? Predictably  it was both joy and agony.

NBC figure skating announcers Tara Lipinski and Johnny Weir remain polarizing

