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Elon Musk bombshell: Tech boss warns ‘complacent and entitled’ US is ‘losing’ to…

by ace

The head of Tesla and SpaceX delivered the dramatic message during an interview with the Automotive News podcast “Daily Drive”. China is one of the few countries in the world that is expected to experience economic growth this year, despite COVID-19.

Jason Stein, who conducted the interview, asked Musk “and China as a leader in electric vehicle strategy in the world?”

The tech tycoon replied: “China rocks in my opinion. The energy in China is great.

“People there – there are a lot of smart, hard-working people.

“And they are not entitled, they are not complacent.

“I see in the United States more and more complacency and law, especially in places like the Bay Area, LA and New York.”

Since the introduction of pro-market reforms in 1979, China has doubled the size of its economy every eight years.

The country said its economy grew 6.2% last year, against 2.1% in the United States.

Musk compared the US to a sports team that became complacent after years of victory.

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In 2019, the Chinese government helped Tesla secure $ 1.6 billion in loans.

This money was invested in a new factory that the company built near Shanghai.

Earlier this year, work at the factory had to be temporarily suspended due to the outbreak of COVID-19.

Musk said he received less support from the Beijing government during the coronavirus crisis than domestic Chinese companies, but he understands why.

He commented: “They supported it.

“But it would be strange if they gave more support to a non-Chinese company. They are not.”

China is a one-party state ruled by the Chinese Communist Party (CCP), although in practice its economy is largely based on the free market.

Earlier this week, Musk posted a meme on Twitter mocking Karl Marx, the founding father of communism.

The meme showed a photo of Marx, which he described as “hungry Santa Claus”, with the slogan: “Don’t forget me for free.”

Musk accompanied this with the caption: “Das Kapital in a nutshell”.

Das Kapital is the most famous book written by Karl Marx during his lifetime.

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