Elon Musk believes that tensions between the United States and China should be a source of concern for everyone.
Elon Musk, CEO of Tesla, stated on Tuesday that people should be concerned about tensions between the United States and China.
The remarks came a year after President Joe Biden stated that the United States would be prepared to defend Taiwan if the Asian island off China's coast was invaded. Taiwan is considered to be part of China's territory.
CNBC's David Faber asked Musk if he was concerned about "the growing belligerence" between the United States and China in an interview Tuesday following Tesla's annual shareholder meeting. "I think that should be a concern for everyone," Musk, who was born in South Africa and became a citizen of the United States in 2002, responded.
Musk was asked by Faber if China intended to annex Taiwan. The integration of Taiwan is China's official policy, according to Musk.When asked if Tesla or other businesses would suffer if China took over Taiwan, Musk retorted, "The way to Chinese industry and the majority of the world's financial system are like entangled twins." Comparable to attempting to split up conjoined twins. The problem is that terrible. In fact, many other businesses are in a worse predicament than Tesla is.
We're producing as many cars as we can since there are some restrictions on our ability to grow in China, added Musk. "There is no demand problem."
In September, Apple stated that it has begun making the iPhone 14 in India in order to minimize its reliance on China. Tesla manufactures vehicles in Shanghai and also has plants in California, Texas, and Germany.
We're producing a comparable number of vehicles as we can since there are some restrictions on how much we're able to grow in China, added Musk. "There is no demand problem.
He stated that Tesla is reliant on Taiwan Semiconductor.
to manufacture processors. Apple is no exception.
Faber asked Musk if he believes China will attempt to seize control of Taiwan.example.”
They have it as their policy, and I believe you should believe what they say, said Musk.
