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No, pulumi cannot create terraform code, and never will. Terraforms engine is not capable of handling the complexity that Pulumi is capable of handling 

I would love to hear more about the specifics though 

Could it be possible to generate TF from a pulumi plan file, as output from a preview operation? That should be deterministic enough - but it would be a one-off operation; unless you could sync tfstate and pulumi state

no, the formats are entirely different. Additionally, the way the engine interprets those operations is completely distinct.

I’d love to get an understanding of why TF code specifically is needed.

it’s basically not possible to express Pulumi’s logic in Terraform’s engine.