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With almost half their manufacturing in China, I wonder how they’re thinking about geopolitical risks right now.



How? By completing much larger manufacturing plants in Europe and Texas for end of year 2021, I guess.

And making their own battery cells in each plant.

And converting the Tilburg assembly line into another stationary energy storage factory. And researching locations for a few other new plants in 2023 as per Elon. And opening negotiations with India (as per Reuters, today).

Sounds solid to me.



> “Biden held this EV summit. Didn’t invite Tesla. Invited GM, Ford, Chrysler, and UAW. EV summit at the White House, didn’t mention Tesla once and praised GM and Ford for leading the EV revolution. Doesn’t it sound a little bias? It’s not the friendliest of administrations. Seems to be controlled by the unions.”

Wow.


Inviting Musk wouldn't be worth it politically.

Musk runs around on Twitter calling people pedophiles. Musk flouted California's coronavirus regulations as a media stunt. Musk says Americans are complacent and entitled whereas he praises the Chinese as smart and hardworking. Musk says China rocks:

https://www.cnbc.com/2020/07/31/tesla-ceo-elon-musk-china-ro...

So why would Biden invite him when Musk brings so much baggage?


Unless the government is run by a bunch of children, Tesla is a public company not owned by Elon. It has tremendous pull and not inviting them is a political tantrum by the administration than anything else.

Musk called someone a pedo 4 years ago. Can we please stop?

Let's see: Does the world benefit from a CEO that has built the biggest clean-energy revolution that the world has ever seen but has spoken some shit while they were drunk?

The answer is unequivocally, YES.


Reputations stick, which why it's not worth it to Biden politically.

Musk has gone out of his way to earn a reputation for being a clown and he will be remembered as a clown. That's a cost of using Twitter to express yourself:

https://www.youtube.com/watch?v=SIzGdoPu9vs


Elon is a weird guy. Big whoop.

What's wrong with being a clown? My guess is that his critics are just angry that Elon doesn't feel as constrained by societal norms as they do. And that video is hilarious in its journalistic superficiality. When Elon uses the number 420, it's a joke. It doesn't matter if 99.999% of people who read it see no humour in it, it's still clearly identifiable as Elon humour. The fact that this wasn't pointed out is just sad.

Even if it wasn't a joke, tweets like that have no effect on long term stock price. (Though it could be argued that the pathetic howling of indignation around them has a very slight medium-term effect.) The only people who "lose out" as a result of tweets like that are day traders and market speculators—people who make their money off the value created by others, adding literally zero value to the economy.


> What's wrong with being a clown?

It means you don't get invited to talk about EVs with the president of the United States, which is what we're talking about.

> Even if it wasn't a joke, tweets like that have no effect on long term stock price.

It still gets you fined by the SEC. Elon is just going to have to suck it up and accept responsibility for his actions instead of whining about how he doesn't respect the SEC.


I don't personally care that Tesla weren't invited. Tesla didn't suffer from not being invited. It was a nothing event that nobody would even remember today if it wasn't for the remarkable weirdness of Tesla's absence.

As for the SEC, the evidence of reality suggests otherwise. Elon didn't have to suck it up and accept responsibility. He didn't have to stop whining about how he doesn't respect the SEC.


> I don't personally care that Tesla weren't invited. Tesla didn't suffer from not being invited. It was a nothing event

And yet you're clearly agitated by it.

> Elon didn't have to suck it up and accept responsibility. He didn't have to stop whining about how he doesn't respect the SEC.

Yes, his inability to do so is one of the reasons he is clown. An inability to accept responsibility for himself is a personal failing. It's weak.


> And yet you're clearly agitated by it.

An odd thing to say given that I haven't said anything about it. Perhaps you are confusing me with someone else?


Nope.


> Let's see: Does the world benefit from a CEO that has built the biggest clean-energy revolution that the world has ever seen but has spoken some shit while they were drunk?

You might have allowed your bar to sink that low, but many of us do not agree with this assessment.

We've had enough clowns in the white house lately, we do not need Elon there as well.


> We've had enough clowns in the white house lately

It's kind of silly to equate inviting someone as a guest to electing someone as President.

But if you think Trump was a problem because he was a "clown" then I'm sorry but you've been distracted by the superficial. It's my opinion that Trump was a bad president—and continues to represent an existential threat to civil trust—but his style didn't have anything to do with it. It was his substance. Behind the clown was some awful ideas and disgusting political strategies.

Equating these two people is just silly.

Trump is a narcissist whose most economically successful skill prior to 2016 was as a "brand" and a television show presenter. He inherited hundreds of millions of dollars and while it's almost impossible to know exactly how successful Trump has been with money, estimates peg his wealth as having grown at a lower rate than the market average. Put another way, with his mix of successful and failed ventures, he has effectively lived off his inheritance.

Elon Musk is a weird guy with degrees in economics and physics, was closely involved in the success of PayPal, Tesla and SpaceX, and has become one of the world's richest people almost entirely from his own work, ventures and investments. Despite this, Elon lives a modest life with few material possessions, choosing to spend most of his time working.


> world's richest people almost entirely from his own work

This is a flat out lie, and we hear it a lot from Elon fan clubs as a soundbite as PR stunts for him. His fortunes have been built by abusing his workers and the conditions around them. And we haven't even gotten to the mines yet.

If you want to follow this clown knock yourself out, but appearances matter and when Elon wants to start acting more mature, others might give him notice.


If you're going to quote me, please quote the entire sentence rather than a fragment that misleadingly chops a list of three items ("work, ventures and investments") into a single item ("work"). That fragment does not represent what I said and is not something I believe.

When read in its entirety, what I said isn't a "flat out lie"—or at the very least it isn't disputed by any assertions you have made. Whether you think his ventures and investments are ethical is a separate question to whether they are the source of his wealth.


There was nothing misleading about that quote, and you're literally one of the last people I'll listen to on here for telling me how to send points across. You are arguing in bad faith if you truly believed that, and your reply confirms it.

You might be able to control language and the dialog elsewhere, that's not happening here.

If you want to follow this clown knock yourself out, but you can drop the glorification of Elon here.


Please don't engage in personal attacks.


To have a shred of dignity and integrity?


Musk doesn't do dignity or integrity.


> Musk runs around on Twitter calling people pedophiles.

I wonder how many years it will take before people stop bringing up a single event from years ago as if it was the norm.


You need an ego the size of the sun to expect everything to revolve around you, so it makes sense at least.


There's plenty of things to shit on Tesla and Elon with, but I think this is the wrong take in this particular instance. Not inviting Tesla to the EV summit and acting like they don't exist is pretty suspect.


I don't think Tesla needs any motivation to transition to EVs.


Ohh it was a motivational speech?? Now I’m glad Tesla didn’t go.


Imagine if someone was doing an analysis of chip fabrication in the USA and never once mentioned Intel, pretending they didn’t exist.


They only invited union companies. It’s all politics.


Unions are good. Tesla should unionize.


If the employees want a union, they will. If they don't, they won't.


I would love if it was that simple.


If you read the article you'll see that Musk made a baseless comment about a meeting he had no place at because it was about changing petrol car manufacturers to at least 50% EV sales. Nothing to do with political risk, just Musk being Musk and tweeting/commenting before thinking like he always does.


https://www.eenews.net/articles/automakers-blast-ev-tax-cred...

"the measure also offers union-made EVs assembled in the United States an additional $4,500 tax incentive."


Given they have an enormous factory in Texas and another in Berlin both coming online before the end of the year, and they are continuing to expand their factory in California.... I'd say they're covering their bases quite well.


Isn't that exactly why you out half the plants in China? Chinese plants for Chinese cars, American plants for American cars. Europe buys from whoever has surplus. No worries.


Is there any kind of insurance/hedging you can do against this?


Build factories outside of China?


That increases your exposure if many of your customers are IN China.




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