Elon Musk Praises China, Says ‘China Rocks’

For a variety of reasons, at a time when China is suffering from heat from some countries (including India and the US), Tesla director Elon Musk has appeared under the country’s ‘protection’. In an interview with the podcast, Musk was asked what the strategy is for China and its electric vehicles. There is a lot of energy in China. The people there – there are a lot of smart people and a lot of work.”

Musk not only praised the hard workers of China and China, but he also had the opportunity to say a few words about America. Compared to the Chinese, he said the American people have far more rights.

China rocks!' — the U.S., not so much, according to Elon Musk ...
Source: MarketWatch.com

The Chinese government said it was somehow supporting Tesla, but said in the U.S. that Tesla provided support to China with a $ 1.5 billion mortgage for its factory in Shanghai. When things slowly began to return to normal in China, the Tesla factory in Shanghai returned to its full operation. He said it would be normal to deliver cars directly to consumers and the idea of ​​selling them through outlets or outlets would gradually diminish.

Tesla and the States

Musk said among American cars, “Tesla had the least government support from any auto company.” Tesla claimed early on from the U.S. Department of Energy about the loan repayment. Tesla paid the interest until May 2013, nine years earlier. The DOE loan, which began in 2008 in the economic crisis, was less than tens of millions of TARP loans claimed by General Motors and Chrysler.

According to a study by the Los Angeles Times, the US. The Tesla government had $ 4.9 billion in support. Honestly, that should be the most important thing taught in business schools. That sheet calculation and that. Keep your PowerPoint presentation and go. And improve your product. “