Home News Elon Musk says ‘China rocks’, warns that the US may start losing due to…

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Elon Musk says ‘China rocks’, warns that the US may start losing due to…

by Ace Damon

While tensions between the US and China are growing, Tesla and SpaceX CEO Elon Musk warned that the US has become too “complacent” about its dominant position and this could lead to its demise.

In a recent interview with automotive news editor Jason Stein, the technology billionaire praised China’s “smart and hardworking” people, where Tesla opened one of its factories.

“China is rocking in my opinion. The energy in China is great, ”he said in a podcast when asked about the country and its electric vehicle strategy. He added that the Chinese “have no right, they are not complacent, while I see in the United States more and more complacency and law, especially in places like Bay Area, LA and New York.”

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However, America’s winning streak could end soon, said the CEO, comparing the country and some states in particular with sports teams that get used to never losing.

In the United States, and especially in California and New York, you have won for a long time. When you win a long time ago, you take things for granted. Thus, like any professional sports team, they win a championship, often in a row, become complacent and begin to lose.

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Musk also complained that Tesla has the “least” support among automakers in the United States, despite receiving several loans and tax breaks. At the same time, the Chinese government has been “supportive” of the company, but not in the same way as with its domestic companies.

The interview takes place when the two largest economies in the world are blocking barriers because of several problems. Since the coronavirus began to spread rapidly in the U.S., the Trump administration has blamed Beijing for the pandemic. At the same time, Washington has increased pressure on Chinese companies, including tech giant Huawei, which has tried to cut chip suppliers in addition to the previous blacklist. Recently, U.S. President Donald Trump promised to ban the popular Chinese video app TikTok.

This is in addition to an unstable truce that interrupted the trade war between the two countries at the beginning of the year. Rising tensions have already raised concerns about the fate of the trade deal, while the US is actively trying to convince companies to leave China and move back to the US or elsewhere in Asia.

For more stories on economics and finance, visit RT’s business section

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