Saturday, July 25, 2020

FAT BLOB ELON MUSK, TAKES BREAK FROM DOING AMBER HEARD AND KISSES CHINA'S RED ASS


Elon Musk Cozies Up to China While Staking Claim in U.S. Space Industry

Elon Musk shrugs
Scott Olsen/Getty
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Tesla and SpaceX CEO Elon Musk has spent time cementing himself in the world of American space exploration — all while cozying up to Chinese communist officials.
Earlier this month, Elon Musk spoke at a technology conference hosted by the Chinese government, the latest in a long history of the Tesla co-founder palling around with the authoritarian communist government. 
This comes as Musk is cementing his position in America’s space industry, receiving credit from top officials including President Donald Trump last month for SpaceX’s successful rocket launch. But Musk’s ties to China could raise national security concerns. 
The conference Musk spoke at was the World Artificial Intelligence Conference, organized by the Chinese government. Musk has spoken at the conference before. 
Musk’s previous conference trip to China, in 2019, came just days after President Trump ordered American companies to leave China.  
While Musk’s ambitious business proposals often hit regulatory walls in the U.S., China has been welcoming them with nothing but open arms. Seven months ago, the Tesla CEO made a trip to China for the groundbreaking ceremony of Tesla’s first overseas plant, the 9.3 million-square-foot Gigafactory 3, in Shanghai. And in just a few weeks, he will visit the country again—this time to be the face of its burgeoning artificial intelligence scene.
Many of his current Chinese partners, like ATC CEO Zeng Yuqun, are embedded in the Chinese government (Yuqun serves on the Chinese People’s Political Consultative Conference, the advisory body to top leadership). 
Tesla Inc. needs to succeed in China if it wants to dominate the world of electric cars—especially in a post-virus world. To do that, Elon Musk is turning to a battery engineer who once helped Apple Inc. extend the life of its MacBook laptops.
Zeng Yuqun, 52, built Contemporary Amperex Technology Co. Ltd. into China’s battery champion in less than a decade, creating the largest global producer of rechargeable cells for the plug-in vehicles considered to be the future of cars. That effort has helped propel Zeng from a modest hillside village and $30-a-month job with a state-run company to an estimated $17 billion fortune.
And after years of struggling to reach stable financial footing, the automaker was finally able to secure the funding needed to build its Shanghai Gigafactory. 
Musk cannot simply work with Chinese businesses and businessmen and expect the Communist government – which is currently “reeducating” millions of Uighur minorities in concentration camps – not to be involved. 
“The Chinese Cyber Security Law and other national strategies like ‘Military-Civil Fusion’ mean that nothing Chinese firms do can be independent of the state. Firms must support the law enforcement, intelligence, and national security interests of the Chinese Communist Party,” warns America’s most senior military leaders. 
Musk’s operations in China, carried out under the watchful eye of the Communist regime, put all of those that use his technology and data at risk – including the U.S., its military, and its space program. 


Bernie Sanders slams Tesla CEO Elon Musk, saying it's 'pathetic' that Musk is against another government stimulus package

salarshani@businessinsider.com (Sarah Al-Arshani)
Bernie Sanders Airplane
Bernie Sanders Airplane
Joe Raedle/Getty Images
  • Sen. Bernie Sanders called Tesla CEO Elon Musk a "hypocrite" and "pathetic" over his tweet disparaging another government stimulus package.
  • "Another government stimulus package is not in the best interests of the people imo," Elon Musk said on Twitter on Friday.
  • Musk on Friday said only direct payments should be included in a new relief bill.
  • Business Insider reported that an analysis found that thousands of Tesla workers likely benefitted from stimulus efforts like expanded unemployment and the direct payment. 
Sen. Bernie Sanders slammed Elon Musk after the Tesla CEO tweeted that he doesn't endorse another government stimulus package. 
"What a hypocrite. Elon Musk has received billions in corporate welfare from US taxpayers. Now he wants to stop 30 million Americans who lost jobs from receiving $600 a week in unemployment benefits, while his wealth has gone up by $46.7 billion over the past 4 months," Sanders said in a tweet. "Pathetic."
Earlier on Friday, Musk said only direct payments should be included in a new relief bill.
"Another government stimulus package is not in the best interests of the people imo," he said on Twitter.
In addition to potential stimulus payments, the bill will likely include some type of extended unemployment benefits. The plan also sets aside funds for testing and expanded aid to small businesses by easing the terms of the Paycheck Protection Program. 
Musk's remarks come not long after the US exceeded 4 million coronavirus cases. The country leads the world in COVID-19 related deaths with over 145,000 deaths reported.
Cases continue to surge as a financial provision of an additional $600 weekly unemployment bonus is set to expire at the end of this month. 
Business Insider previously reported that the unemployment bonus and the $1,200 stimulus checks likely helped keep 12 million Americans out of poverty. 
An analysis of 44,000 employees found that thousands of who fall below Teslas $58,000 median salary likely benefitted from unemployment bonuses and the stimulus check, Business Insider previously reported. 
Sanders pointed out that Musk's wealth grew during the pandemic.
Musk's wealth is expanding, and Reuters reported that he's close to "unlocking a $2.1 billion payout from Tesla" from an elaborate compensation agreement. Business Insider reported that he's on his way to being "Jeff Bezos-level wealthy."
Read the original article on Business Insider

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