• Wednesday, August 12, 2020

Elon Musk says ‘China rocks’ while the U.S. is full of ‘complacency and entitlement’

Discussion in 'Americas' started by JustAnotherPerson, Aug 1, 2020.

  1. JustAnotherPerson

    JustAnotherPerson FULL MEMBER

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  2. King Julien

    King Julien FULL MEMBER

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    post entire article for everyone to understand the context, don't cherry pick.

    “When you’ve been winning for too long you sort of take things for granted. The United States, and especially like California and New York, you’ve been winning for too long. When you’ve been winning too long you take things for granted. So, just like some pro sports team they win a championship you know a bunch of times in a row, they get complacent and they start losing.”

    Feds Lend Tesla $465 Million to Build Model S

    it was Obama administration that supported Tesla, that was huge push to make Tesla what it is today.
    SpaceX wouldn't be possible without NASA support.. Anyways what you are trying to convey is your thoughts, not Elon's
     
  3. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    He's just echoing Trump's "Make America Great Again"

    https://www.cnbc.com/2020/07/31/tesla-ceo-elon-musk-china-rocks-us-full-of-entitlement.html

    Elon Musk says ‘China rocks’ while the U.S. is full of ‘complacency and entitlement’

    Tesla and SpaceX CEO Elon Musk lamented the “entitled” and “complacent” character of people in the United States, and lauded the “smart” and “hard working people” of China, in the first installment of a three-part interview with Automotive News’ “Daily Drive” podcast published Friday.

    Specifically, Musk criticized New York and California -- states that have supported his businesses, especially Tesla, with considerable tax breaks, regulatory credits and other government help.

    Automotive News publisher Jason Stein, who conducted the interview, asked Musk, “How about China as an EV strategy leader in the world?”

    Musk replied: “China rocks in my opinion. The energy in China is great. People there – there’s like a lot of smart, hard working people. And they’re really -- they’re not entitled, they’re not complacent, whereas I see in the United States increasingly much more complacency and entitlement especially in places like the Bay Area, and L.A. and New York.”

    Last year, Chinese government officials helped Tesla secure loans worth around $1.6 billion to construct and begin manufacturing vehicles at the company’s relatively new Shanghai factory. This year, the Shanghai government helped Tesla get back to normal operations quickly, at its new plant, after the region was struck by a Covid-19 outbreak and issued widespread quarantines that temporarily suspended manufacturing there.

    Musk pointed out, Telsa has not received as much assistance from the government in China as domestic companies. “They have been supportive. But it would be weird if they were more supportive to a non-Chinese company. They’re not,” he said.

    The enthusiasm the mercurial Musk expressed for China contrasted with his previously stated disdain for communism. In a tweet on Monday this week, Musk mocked social welfare programs in general, and Karl Marx’s “Das Kapital.”


    During the Automotive News podcast, Musk also compared the U.S., California and New York to sports teams about to lose their winning status.

    He said:

    “When you’ve been winning for too long you sort of take things for granted. The United States, and especially like California and New York, you’ve been winning for too long. When you’ve been winning too long you take things for granted. So, just like some pro sports team they win a championship you know a bunch of times in a row, they get complacent and they start losing.”

    Tesla and the states
    Among U.S. automakers, “Tesla has had the least government support of any car company,” Musk said.

    He boasted about Tesla’s repayment of a loan to the U.S. Department of Energy ahead of schedule.

    In June 2009, the Obama-era Department of Energy awarded Tesla a $465 million loan to set up a vehicle assembly plant in Fremont, California, and to begin production of its flagship all-electric sedan, the Model S. Tesla repaid it with interest by May 2013, nine years ahead of schedule.

    The DOE loan was small compared with the tens of billions in TARP loans that went to bail out General Motors and Chrysler during the financial crisis that began in 2008.

    However, Tesla has benefited from other forms of government assistance in the U.S. According to analysis by the Los Angeles Times, Tesla’s government assistance in the U.S. has surpassed $4.9 billion.

    Tesla’s government support in California has included more than $220 million in sales and use tax exclusions from the California Alternative Energy and Advanced Transportation Financing Authority, as well as zero emission vehicle and solar renewable energy credits granted by the state. The sale of these regulatory credits were a major factor in Tesla’s profitability in the past four quarters.

    As CNBC and others previously reported, New York state spent $959 million on a solar-panel factory in Buffalo, now operated by Tesla, in a drive to bring more than 1,000 high-paying tech and manufacturing jobs to the state.

    Tesla hasn’t fulfilled its employment obligations in New York so far. A financial filing out this week revealed that Tesla has obtained a full-year extension from the state in order to meet the head count requirement. If it does not, Musk’s electric car and renewable energy venture will have to pay back $41 million to the Empire State.

    Tesla stock and sales
    On the podcast, Musk also celebrated the fact that Tesla is now seen as a “legitimate” American and multinational automaker. While it used to be an upstart and underdog, Automotive News asked him what was going on with the soaring price of Tesla shares, which are up more than 240% this year, and whether Musk felt a need to manage investors’ expectations.

    The CEO demurred:

    “It’s not worth trying to massage the stock market or manage investor expectations. It’s just. You know? At the end of the day, if you make great cars and the company’s healthy and making great products investors will be happy...If you make lousy products your customers will be unhappy and then your investors will be unhappy.”


    He offered this advice to other entrepreneurs:

    “My advice, you know, to corporate America or companies worldwide is spend less time on marketing presentations and more time on your product. Honestly that should be the number one thing taught in business schools. Put down that spreadsheet and that PowerPoint presentation and go and make your product better.”

    He also predicted that online car sales, and delivering cars direct to consumers, rather than vehicle sales through stores or traditional dealerships, would become even more of a standard, after Covid-19.

    Tesla saw “strong orders through the whole pandemic,” Musk said. Tesla reported that its deliveries declined about 5% for the second quarter of 2020. Due to Covid-19 impacts, most other automakers saw sales plunge more than 30% during the same period. The CEO concluded, “Having a traditional dealer situation, I think, seems increasingly unnecessary and I think probably the pandemic just reinforced that.”

    Tesla shares closed down 3.8% on Friday, but have been on a spectacular run this year despite the global coronavirus pandemic and the onset of a recession.
     
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  4. JustAnotherPerson

    JustAnotherPerson FULL MEMBER

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    "When you’ve been winning for too long you sort of take things for granted" that is contrary of what Trump says that U.S. is losing and he is somehow in his mind making it "win" again.
    But you can apply that to whole country. the U.S.A is so used to be sole superpower that take a lot of things for granted.
    ‘complacency and entitlement’
    The thing i have been saying for years that could bring USA down, is not the Chinese or the Russians, is that.
    from 911, Vietnam, Iraq, Afghanistan, the subprime mortgage crisis and the covid-19 crisis mismanagement you can trace all of that to complacency and entitlement.
     
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  5. Uguduwa

    Uguduwa BANNED

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    Somebody wants to protect his assets in China
     
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  6. Feng Leng

    Feng Leng SENIOR MEMBER

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    LOL now China will acquire all of Tesla's technologies.
     
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  7. tower9

    tower9 FULL MEMBER

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    Well, Chinese are far more hardworking and no nonsense than Americans. That's a fact.
     
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  8. TruthSeeker

    TruthSeeker PDF THINK TANK: ANALYST

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    Any dispassionate observer of our society in 2020 should conclude that the American populace has entered a period of behavior as Musk has described: complacent and entitled. I would add intellectually lazy and narcissistic to his criticisms. I blame the liberalism of my generation. My three children were born (1) in 1969 just after we landed on the moon, and (2) 1972 and (3) 1977. I watched as their school teachers and cultures became increasingly liberal, driven by the "60's" values of my fellow Vietnam-era young, child-raising adults. America is reaping what was sown then, further amplified by an irrational belief that the tribalism of identity politics will make us a stronger society. It won't. It just produces the sense of entitlement that Musk observes. By contrast, China is in a period of national cohesion as the Chinese people strive, together and purposefully, for an economically improved way of life. It is sad that the Chinese model does not include more individual freedom. Perhaps the most successful human model would be a blend of the Chinese model of "benign" government management with the American model of individual freedom. I can't help but feel that China could arrive first at this more successful blend if it would just relax control on the individual freedoms that the US Constitution has protected since 1789:

    "Congress [The Government] shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."
     
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  9. Feng Leng

    Feng Leng SENIOR MEMBER

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    Homosexuality and all kinds of depravity were unthinkable as late as the 1990s.
     
    Last edited: Aug 1, 2020
  10. _NOBODY_

    _NOBODY_ FULL MEMBER

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    I have observed a lot of arrogance from the conservatives as well. Arrogance destroys people.
     
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  11. TruthSeeker

    TruthSeeker PDF THINK TANK: ANALYST

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    Well, if that is so, then China is already infected with the "arrogance" disease. I assume you mean the attitude that "we know what is best" is arrogance. Such as my belief, expressed above, in individual freedom. I don't think that believing such things, and saying so, is "arrogant". I suppose that you do. Human beings can make negative "judgments" about other people's behavior and beliefs out of a sincere belief that some behaviors and beliefs are destructive and that, if avoided or changed, would lead to an improvement in lives.
     
  12. 49savage

    49savage FULL MEMBER

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    FAX. No nonsense and very pragmatic people.
     
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  13. beijingwalker

    beijingwalker ELITE MEMBER

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    Elon Musk praises 'smart, hardworking' people in China, sees 'complacency,' 'entitlement' growing in America
    Musk said the U.S. has started to 'take things for granted' after 'winning for too long'
    By Lucas ManfrediFOXBusiness
    Published August 2

    [​IMG]

    Tesla CEO Elon Musk praised China for having "smart, hardworking people" during a podcast interview published on Friday while criticizing some Americans, specifically in places like the Bay Area, Los Angeles and New York, for being "entitled" and "complacent."

    When asked about his thoughts on whether China is an EV strategy leader in the world, Musk told Automotive News' "Daily Drive" podcast, "China rocks, in my opinion."

    "The energy in China is great," Musk said. "People there – there's like a lot of smart, hardworking people. And they're really -- they're not entitled, they're not complacent, whereas I see in the United States increasingly much more complacency and entitlement especially in places like the Bay Area, and L.A. and New York."

    Musk told Automotive News that the United States has started to "take things for granted" after "winning for too long."

    "The United States, and especially like California and New York, you've been winning for too long," Musk added. "When you've been winning too long you take things for granted. So, just like some pro sports team they win a championship you know a bunch of times in a row, they get complacent and they start losing."


    https://www.foxbusiness.com/technology/elon-musk-china-smart-hardworking-american-entitlement
     
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  14. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    Tablukha FULL MEMBER

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