Have zero time for Elon Musk since he called one of the Divers who rescued those children trapped in underground caves in Thailand several years ago, a pedophile, because they dared to refuse his offer of a mini submarine for the project and he wanted the free publicity. Shows Musk to be a pretty nasty person in my opinion.
Besides SpaceX what has he himself founded/done? -not Tesla--he bought the company. -He didn't improve his companies because he's an _ideas guy_ not a _genius_ ...why does everyone call this guy some mad genius archetype?
I would look into Musk's history a little more before worshipping him as an individual that created all these economically productive companies. He is not a self made man like Bill Gates, he was born with a silver spoon in his mouth.
@@BasePuma4007 Eh, nope. Your information is completely wrong, probably fed to you by CNN. Do you own research. If you want his history, from him directly, the recent Babylon Bee interview would be a good start.
Tesla's $465 Million incentive was a LOAN that was fully repaid with interest and penalty. BIG DIFFERENCE. GM and Ford got incentives they didn't yet repay.
@@chelseafan4eva Elon’s point was regarding the size of the FEDERAL government debt. Nevada’s tax breaks were given to GET something in return. There’s a big difference between a state giving tax incentives to win over creation of jobs for its citizens vs a government subsidy to encourage something that is already happening. Makers already have many new EV models coming out over the next couple of years and Tesla is not the only mfr that cannot roll them out of production faster than people put in their orders.
ITS AMAZING HOW NAZI DEMS ARE NOW. OPEN BORDERS, HIGH CRIME, HIGH INFLATION, HIGH GAS PRICES, WHILE THESE TERRORIST DEMOCRAT TRAITORS LIE, CHEAT, STEAL, AND SELL OFF AMERICA! AS THEY BANKRUPT FAMILIES! DEMS ARE EVIL TERRORISTS!
@@GarrishChristopherRobin777 Breaking news: A CNN producer was just arrested by the FBI and accused of trying to recruit moms and their underage daughters for 'sexual training'
Also not factored in is the cost of our military protection of world oil supplies. Add that cost to gasoline, and it would add 5-10 dollars to each gallon.
You're going off the rails Fareed, didn't expect you to serve the interests of big corporations like Ford. Musk is definitely not someone we should be worrying about, he is doing good work for society.
This should be the most upvoted comment. This subsidy rewards big auto who have ignored the market demand for electrification with tax payer dollars. Why should the working tax payer give money to corporations who failed to invest capital in R&D, made poor business strategy decisions who are now unable to compete head to head? The free market rewards business that aligns with future market demand. Tesla is doing so brilliantly. Big US auto manufacturers are not ready to compete against the wave of quality, cheap electric car imports from China. I can't believe I used to watch CNN's corporate echo chamber.
Which in no way invalidates the argument, Domestic car makers are not the only ones that sell cars in America and we were looking at the potential for our whole domestic production to go under. Most nations have no domestic auto industry, it is not a law of nature that we have one either.
He hadn't paid slot in taxes because he forgot have s lot of money. He had s lot of stocks worth s fortune. So he had some stock option that exspire next year. Or he loves money. He decided exercise his options. He said I don't have of short accounts or any tax shelters. He daid his taxes are do easy H&,zR block could do them. He tired of people lying about him like he'd robbing America. He is writing a check for 12 Billion dollars for the taxes he cashef in. He said that he should pay s higher amount in taxes but then he sees how they lie chest and steal our tax dollars. This the highest tax bill ever paid in history. Do people really need to shut up about him not paying his share.
Not before, paid back period. The others got an order of magnitude more and will probably never pay it back. Tesla paid it back 3 years early even paying penalties for early repayment.
Elon musk is a con artist, he’s not the founder of Tesla, he not the founder of PayPal either, he got kicked out of PayPal, he brought bunch of passionate engineers what’s to goto mars he made it as his mission. This nuralink is already pioneered by other companies, we have solar panels for a long time, his solar city is a failure, his boring company is another disaster, he sells tequila for $80 which is worth not even $40 so much more he’s a sleazy businessman. None of his idols like Neil Armstrong and scientists doesn’t take him seriously at all. They all know he’s not an innovator or a scientist. He’s another Trump with a tech background, do you know what’s common between these two? Both are busy on Twitter, always needs media attention, cult like followers, want Hollywood attention. Trump is a narcissist and Elon is a high functioning narcissistic psychopath.
Does being a simplistic, reductive thinker hurt? It must, with how grumpy you guys always are. Yes, government controlled by the people should influence the direction of the market, because the market has extremely poor big-picture and long-term vision.
@@frenchcat2910 The list is long: Russian collusion, Covid, vaccines, war, elections, economy, Don Lemon, Cuomo, etc. They have been proven liars and still doubling down on it... Soon Jan 6th will blow up in their face and so will the 2020 election fraud.
You’re missing the point. Plus, half your story talking about a timeline back before we had spent trillions and are planning to spend more. As he said, “just do the math”. I actually do think his understanding of macro economics surpasses yours in this commentary, and unfortunately others making similar claims and not acknowledging the bitter truth in his words.
Why aren't people demanding that he pay back the all federal subsidies (i.e. tax payers money) he was given? Elon is a self-serving, greedy, narcissist.
@@eh3477 The reimbursement plan should include the interest on the profits he has made, from when the subsidies were initially granted and the eye-watering profits made during the pandemic, which should compound if not repaid by the agreed deadline.
@@panthersoul Yes, it is an Elon issue. His success in based on the fact that he was given government subsidies (tax payers money). Now that he's eye-watering wealthy, he's pulling up the drawbridge and whining that no business/industry should be granted subsidies. Hypocrite. He should pay that money back to tax payer pot and it would not even make a dent in his wealth.
I love how they cut the bit about massive Oil and Gas subsidies. Remove those and green energy wouldn’t need subsidies. The free market would make its own decision based on what makes the most economic sense. Especially in the face of incoming oil and gas bans worldwide.
Green energy is not necessarily competitive currently. Certainly not several years ago. Oil is a mature industry and the subsides it receives are tiny compared to its revenue. Besides the biggest oil subsidy is that pollution is socialized and paid for by society as a whole, not by individual oil and gas companies. Another thing is that oil (ie gas) is taxed way higher in most developed countries such as the European ones and thus their vehicle fleet is far more fuel efficient and their vehicle owners are more resilient to increases in the global crude oil (and thus gas) prices. People buy giant pickups when gas is cheap and act surprised when gas prices go up - compare pictures of European highways to American highways (hint: American cars are much bigger on average)
@@bravado7 if green energy wasn’t competitive than Elon wouldn’t be the wealthiest man on the planet. The combination of Green energy supply and energy storage have proven to lower costs of Houses, companies and even small countries and provinces that have fully embraced them.
@@damongnojek3912 Tesla for the most part is barely profitable... after taking into account every single generous green energy subsidy available Tesla wouldn't have gotten to where it is now without green energy subsidies.
@@bravado7 Tesla enjoys almost 40 percent margins and the government incentives were available to every car company. The ZEV credits could have been used by Ford, GM and Chrysler. All they had to do was create enough EVs to avoid fines. If you are referring to the government loan, Tesla paid that back extremely early.
@@damongnojek3912 … did you not just watch this video? Musk has billions exclusively because of government subsidies. Every major advancement in technology for the last 90 years have been thanks to government grants, loans, and subsidies. If free market hawks like you would have had their way, we’d still be in the Great Depression.
I was a big fan of Mr Zakaria until I saw this. It’s perfectly ok to have disagreements, if it leads to rational discussion. But this piece is so misleading it’s a hit piece. It intentionally cut Mr Musk’s sentence in half and only present part just to mislead. Shame on you! You guys are the reason the country is so divided!
Totally agree. Mr. Zakaria needs to look into the unsubsidized cost of energy like coal, oil, gas, nuclear, hydro, solar, and wind. I think what he would find would be a little shocking as to which is actually the least expensive.
More oligarchy looking out for themselves and ingracious to the government that helped him with his projects! Where is his philanthropy? Where is his support for democracy?
Did anyone actually watch the interview or just listen to CNNs take….? They missed some great points Elon made, the greatest of which was the fact that you can 0 out all of the billionaires in America and still be at an extreme deficit. That’s a scary fact that should make every responsible American ask why we would continue down this road!!!!! 💰💰💰💰💰💰
@@truth4tufftimes705 you zero out the Billionaires not to get rid of the deficit but to return to democracy instead of oligarchy - the fact that programs with 80% approval never get implemented and military campaigns that are 80% disapproved are almost impossible to end, shows we are not close to a democracy.
He's actually good at making money off the ideas of others and passing himself off as a quirky genius. In other words, like most globalists (him, Trump, Putin), he's just good at pretending to be something he's not in order to fleece the world of billions in undeserved funds.
This is why people shouldn’t just listen to Billionaires like Elon Musk that have benefited MASSIVELY from government support. They completely lack self-awareness.
Its not bizarre to say end all subsidies, he is trying to compete with oil while oil has a massive unfair subsidy that has barred Tesla-like success since the 50s.
Exactly. That's not even counting the cost of our military protection of world oil supplies. If we added that cost to a gallon of gas, it would likely add $5-$10.
It's definitely not bizarre to hear the CEO of the top EV company say we should end something that helps smaller EV companies, meaning it increases competition that will challenge his position as king of the EV mountain.
@@rdean150 the issue is more complicated than this. Electric cars in general do not have a demand problem, they have a supply problem. All this bill will do is allow for inefficiencies in the car manufacturers that are paid for by the people.
Fareed, I think you have this completely wrong. Your assertions that Musk's companies wouldn't exist were it not for government largesse is incorrect. While these companies took what what available, the point is that they would have been successful without government support. But I think where you really miss the point is comparing the past to today. What Musk is saying is that what Biden is proposing today is necessary...and all evidence suggests he is correct. Right now there are huge waiting lists to buy EVs, so what's the case for government needing to stimulate demand. Right now Tesla has created an outstanding charging infrastructure and plans to triple it within a couple of years. Again, where's the need for government support. As Musk says, the government simply doesn't need to be taking these steps. Maybe one could have argued otherwise 15 years ago, but this is now. Also, as Musk says, if government isn't subsidizing gas stations then why EV charging stations? Musk also makes the point that government should also end all fossil fuel subsidies. As for the government being one of Musk's biggest supporters, I beg to differ. The reason the government is buying services from SpaceX is because they offer the best value. It's that simple. Musk's fundamental argument is that he has build great companies that are doing well because they offer superior goods and services at superior prices. It's that simple. I think you should probably be more concerned about the appointment if an avowed Musk/Tesla hater, Missy Cummings, to the NHTSA. I think you should be concerned about the fact that Biden is participating in a big lie about who is actually at the forefront of the EV transition. For Biden to pretend that Tesla doesn't exist while attempting to promote the "bid lie" that Mary Barra is leading this transition is downright laughable. While I voted for Biden and generally support him, it sure does appear that he is attempting to use public money to curry favor with the unions. This is no better than Trump appointing Louis DeJoy to run the postal service. Bottom line is the while Musk isn't saying what some folks want to hear, he's basically right.
He has had the same opinion on subsidies for a long time. And the rebates go to the buyer, not to Tesla. There is no way to know how many cars Tesla would have sold with no rebates. And yes, they borrowed money which was payed back early w interest. Compare that to the billions GM and Ford have received from the government. Tesla were sharing their patents from the beginning, but legacy auto did nothing for years. And now they need support from government to survive. And like Elon said, gas stations never needed support, why should charging stations? But we do need a bill that will modernize the 3 main power grids in the US, they are hopelessly outdated and can't support the transmission to a society that doesn't use fossil fuels.
The idea is to lower the price of the car to promote purchases, many of which would not have happened without the subsidy, right? So it helps Tesla to ramp up quickly for the first 200,000 and get their infrastructure in order and don't fail in the early days of production with workers just standing around or un-purchases vehicles sitting on the lot.
Elon and his accountants know exactly how many cars were sold with incentives. Tell me he didn’t make one thin dime. Elon needs to shut the hell up and so do you .....
The gas stations thing is just dumb. There were several government events that helped spur the rise of gas retailers. Mainly, the interstate highway system (infrastructure), then our post ww2 manufacturing base was more poised to manufacture for obvious reasons. EV power station proliferation could certainly help get more EVs on the road.
Sounds like you will be good and broke. You call people lightyears ahead of you in intelligence insane. You need to learn when to listen to intelligent people. I would suggest stop watching CNN, as they are just propagandist trash from the left.
It's like my conservative Evangelical Christian cousin, she was a single mother that twenty years ago was on welfare for two years, and admits without it she would have lost her children. But now she thinks it's bad, because she claims to have seen some people become dependent on it, and it needs to be done away with.
@@liveinthetruth The system does work, she's proof of it. Just because it's not 100% fool proof doesn't mean it's not working for the people that truly need it. Should we deprive the people that truly need it because some abuse it? What's more important, making sure no one abuses the system or helping people that need it? I'm willing to make the sacrifice of putting up with some abuse, if it can also be shone to help the people that need it, nothing is perfect, and to expect as much is unrealistic.
This attitude is incredibly common among many Christians, but mostly because so many Christians are politically Conservative. I’m a lifelong Christian, and when I registered to vote for the first time, it seemed extremely clear that the party with the platform that matched best with the teachings of Jesus Christ & the example he provided for us was the *Democrats.* And the BIGGEST REASON is that the *Dems* view people who are living in poverty in an entirely different way than do the _Repubs._ They also completely disagree about the best ways for it to be addressed, since they see the problem differently, or don’t even see the same problem in the first place. There’s a clear difference between how the *Dem’s* & the _Repub’s_ think of the poor & their needs, & what’s best for everyone. *help* / _deal with_ *provide for* / _look down upon_ *protect* / _protect from_ *humanize* / _criminalize_ *empathize with* / _judge_ *be concerned for their well-being* / _disdain & resent_
@@insanetubegain when more people are abusing the system instead of bettering themselves, there is a problem! I’m not against welfare, I’m against the fact that generations of people are trapped in the system!
So sad to see somebody so intelligent as Fareed Zakaria being so shallow and miss informed. To attack Elon Musk as he is doing in this hit piece is just pathetic. I had a lot of respect for Fareed Zakariah but seeing him shooting from the hip like this is hard to swallow.
@@minirock000 A responsible person would add a disclaimer or say "likely to suffer most". Plus I don't remember whether Musk was talking about green energy subsidies or just EV's because if it was the latter then this whole issue is mute.
@@thula2890 "I am literally saying, get rid of all subsidies." The Muskrat. (Who else 'literally says')He wants there to no longer be any subsidies. I am sure he will claim big oil but as a business man with a company that enforces it's will onto customers, Tesla, (think punishing people by restricting their quick charge stations or 'auto-drive features, they already do this) he wants to reduce the competition any way he can. I'm sure his lawyers give him the best advice on how to run his companies that he can afford. "But let's be clear. If all subsidies were eliminated, it's green energy that would suffer the most." Zakaria A disclaimer like that? I recapped what was said in the video, the quotes are quotes.
@@minirock000 His gripes were specific to the EV sector though and there I agree with him. There is already a substantial credit that is available to all EV manufacturers except for GM and Tesla, why pass another one? Add to that the trouble that these companies are going to face sourcing batteries and chips etc. I don't see the need for a tax credit. Tesla will sell cars with or without the credit because they are the only one that produces at scale. EV charging is another issue I have with the bill. It's unnecessary right now. There is a lot of investment in this space already and there aren't enough EV's on the roads to justify government intervention right now. And saying Tesla only stands to benefit if the bill fail is stupid, the supercharger network only supports Teslas right now and they're the only manufacturer increasing their production 50%+ yearly. They have no choice but to build more chargers to support those cars. The rest don't have the numbers to justify getting subsidized. This is just my opinion though, could be wrong 🤷♂️
Government policy of keeping the industrial war machine going strong...... Create wars to profit firm arms sales and after war construction. Another way of colonisation
Because Tesla already exists & is already established in the vehicle market? Probably Tesla doesn’t need pep talks as it is already well positioned in the EV market, building factories all over the world.
What Elon said is just common sense. Peter Schiff has been crying wolf about this for years and it now looks like finally after deflationary forces were in play since the last financial crash we now have real inflation in double digits. The best thing the government can do is nothing - stop shutting down the economy stop creating more debt and get out of the way. And the Brandon administration is a disaster.
What about the state, local and federal subsidies Solar City, Tesla and SpaceX have already received? He received all above but he doesn't think it's wise now. You have been hoodwinked.
Common sense is neither common nor sense. There's not a whole of sound judgment going on these days (though whether it is worse than in the past, I can't be sure), so it's not common. If common sense was common, then most people wouldn't make the kinds of decisions they do every day. People wouldn't buy stuff they can't afford. They wouldn't smoke cigarettes or eat junk food. They wouldn't gamble. And if you want to get really specific and timely, politicians wouldn't be tweeting pictures of their private parts to strangers. People wouldn't do the multitude of things that are clearly not good for them. And common sense isn't real sense if we define sense as being sound judgment because relying on experience alone doesn't usually offer enough information to draw reliable conclusions. Heck, I think common sense is a contradiction in terms. Real sense can rarely be derived from experience alone because most people's experiences are limited.
@@tsav6952 he is happy to take them if they are available, because he knows he can actually provide value with them (unlike other companies). But he would prefer they didn't exist.
Peter Schiff sells gold, he has to say the sky is falling every year to sell his worthless gold, while the stock market is growing like crazy. Do the opposite of Schiff and you’ll be rich.
Well maybe they wouldn't need to create debt if people like Musk, Bezzo paid tax? I'm based in the UK and Amazon 400 Miilion on sales of 20 Billion. Just be proud and pay some tax simple.
Oh boy, Mr. Zakaria's argumentation is quite bumpy, comparing apples and oranges on the fly (like subsidies vs. loans vs. government contracts). So why this is tagged "#news" instead of "#opinion" is unclear to me. Talking about 'bizarre'!
One subsidy that everyone forgets to mention, is the cost of our military protection of world oil supplies. If you added that cost to gasoline alone, it would add about 5-10 dollars to every gallon.
@@barry1807 subsidizing gas prices is not a good thing. Even if we forget the environmental impact, it creates waisfull diving, and driving inefficient vehicles. The sprawl of suburbs and commuter towns create cities that are unsustainable on a tax basis without constant growth. Check out the channel "Not Just Bikes". Systematic dismantling of mass transit by automotive and oil companies in this country has left everyone dependent on the automobile which is very inefficient in cities for traffic. Expanding roads to deal with a bunch of SUVs with one person inside is more spending also.
Lee Iacoca, the late Chairman of Crysler Corporation in his book enunciated that when people are poor,they love government policies - subsidies, handouts etc...;however, when those policies help them to get comfortable financially (rich), they turn against those policies. So goes the world!
I'd love to see ya go on Joe Rogan too. Would be even funnier if he had Elon on at the same time too. Media ain't no different than keyboard warrior of the world. All big and bad from far away, but cowards in person when called on the garbage they promote.
Hmm, I think you are wrong. His comments make sense. If he could accomplish what he and Tesla have with credits due to reducing emissions then he deserves to say what he did. The other OEMs ignored the importance of electric for years. Now the other OEMs think they should get a bailout. Oh and by the way, they want unions to get it. That is wrong. Tesla is cutting edge and you didn’t bother to even acknowledge that. Your comments are biased and clearly I’ll informed. Sorry.
"I got mine, the government subsidies made me one of the richest people in the world. Now you can all go to ... well, not to space, that's mine too now."
Tax the most productive more ? If we compare you to the other poor places in the world -YOU are the rich , so why don’t you pay more ? Pay 60% tax and then look at others peoples money
That $465 million dollar loan, not subsidy , was repaid ahead of schedule with interest because of the untenable strings attached to it and was fined for early repayment of that loan according to Elon Musk....
If someone takes a 0.5 bi loan its because they need them, at that point in time they had no alternatives and not surprisingly the conditions were harsh but... the alternative was going under. When they had better financing options they paid for early repayment (very normal). This is the same aid US the auto industry received in 2009, when they were out of options to obtain finance instead of going under and adding a couple of millions to unemployment in a very difficult moment to the industry the government step up and provide the loans that kept them alive, and those loans are also fully repaid long ago. The point here is if you accept government as an economic agent that intervenes in the economy when they think is needed or just a regulator that does not intervenes even when things have gone south. Musk benefited a lot of government intervention and support of his endeavors so its hypocritical some of the comments he made specially considering that between 2017-2019 US were generating the higher budget deficits ever in times of reasonable economic growth and he stood silent. Seems like he is just a partisan player.
Long ago (early 1990s) Paul Krugman wrote an essay 'Why a country is not a corporation' (or company?). Still holds good today: do ignore the advice of coporate moghuls on how to govern a country.
Paul krugman has lost his reputation over his last few predictions have been so wrong and everyone else was right. He said inflation was transitory when everyone knew it wasnt
Fareed isn't very bright, sadly, which is his biggest problem. Despite the fact that CNN will dismiss Tesla (and Musk) at every opportunity (because Tesla won't advertise) Fareed's ill-concieved analysis smacks more of jealousy than fact.
You gotta watch the entire interview if you want to hear what Elon said in context. It's annoying when CNN does this commentary style of reporting. He takes mostly everything he says out of context. Do yourself a favor and go look at the entire interview before you render an opinion.
@@Handlethis342 open to criticism, but his take is out context. I mean you’re not the only one invested in Tesla. It’s a bubble. That said it’s not ignorant to say watch the original material. It’s ignorant to miss understand what I stated.
@Roger Vieira well not exactly "asserted, helped others assert or had a financial stake in any assertion of (i) any patent or other intellectual property right against Tesla or (ii) any patent right against a third party for its use of technologies relating to electric vehicles or related equipment;" then there is the issue of massive loans etc like testla took to help it that he now opposes for other third parties. big companies like GE will probably not need the 5 billion dollar loan but smaller companies and innovators certainly would.
Tesla helped make the expensive parts of an EV become far cheaper. When they started, high energy cells were $600-$1,000 a kWh and now they are $100-125/kWh. They proved the market and the technology. The current EV incentive plan was idiotic with a per manufacturer cap which punished the pioneers and rewards the laggards. So Tesla has been operating without the federal tax credit incentive for over a year while the laggards of the industry still have theirs. How is that fair? If BBB passes, then Tesla gets new incentives which actually helps them a lot. Musk is saying not to do that. And also, at the same time, reduce the fossil fuel incentives - Tesla and others can then compete on a level playing field with gas vehicles if the incentives for gasoline and other fossil fuel production are also removed.
It's so refreshing to find a journalist questioning the Gospel According to Elon. Thank you Fareed Zakaria (and team) for the fact check and for calling out Musk's exceptionally self-serving hypocrisy.
Elon is a hack, he used his family’s mineral wealth to buy into becoming a PayPal “founder.” If he is a genius at anything it is media and marketing, not computer science or engineering. He used public money to become the richest man in the world and now wants to pull the ladder up behind him to stifle competition. I will laugh so hard when SpaceX declares bankruptcy.
@Kenny McCormick I never claimed that he did flaunt his money, and I’m not against public investment, maybe try wiping the tears from your eyes and read the critique again.
You're full of crap. FDR saved this nation with the New Deal, and we need something like that now: Biden's Build Back Better Bill. And it could be paid for by having guys like Bezos, Zuckerberg, and Musk paid their fair share of taxes, and since Reagan's first tax cut, no one in the top of the1% has paid their fair share. In the meantime, those in the middle class have shrunk from being over 60% of Americans to about 45%.
@@gireeshgprasad7589 Experts are divided. There are also top economists and Nobel laureates that are against Biden's bill. Experts disagree all the time. The leftist media only likes to portray those who support it.
@@ldfreitas9437 "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." - Churchill. Think about that. Just think...
Of course he doesn't want the government to push programs for electric cars... he wants to be the supplier without competition. At this point it will help his competition giving them the same benefits he received in building his business. If it stops now it will be much harder for a company to rise to compete with Elon in that market and he knows it so of course he's going to push back. He doesn't care about the environment, he cares about his bottom line, and he is smart enough to know that this package will easily pay for itself in money we don't have to spend to fix problems later.... not to mention most of the stuff in it goes to the everyday person for once instead of big business and the rich. These bastards can't help but try to horde every advantage for themselves. It's time the everyday American tax payer got something real for their investment in taxes instead of just padding the riches pockets. There is a reason the wealth gap has grown so much and it comes down to the rich making sure every edge the government gives serves them instead of the average everyday citizen. Once the supply chain is fixed from covid inflation will be a non issue, but the insane growth we've seen from investing in the everyday person is obviously the better way than the 1.4 trillion tax break to corporations that yielded America nothing. It's better to invest in your people than in the few rich folks at the top. Trump created the largest deficit in 4 years in history.. 7.8 trillion... Biden has quite a ways to go to catch up with that spending.... and what did we get from trumps tax breaks for the rich? Nothing. At least with these bills the everyday american will see life get a good bit better.
CNN Haterade episode: They can’t take it that the richest man and person of the year doesn’t speak to their agenda and relocated his business to Texas. 🤣
Elon musk is a con artist, he’s not the founder of Tesla, he not the founder of PayPal either, he got kicked out of PayPal, he brought bunch of passionate engineers what’s to goto mars he made it as his mission. This nuralink is already pioneered by other companies, we have solar panels for a long time, his solar city is a failure, his boring company is another disaster, he sells tequila for $80 which is worth not even $40 so much more he’s a sleazy businessman. None of his idols like Neil Armstrong and scientists doesn’t take him seriously at all. They all know he’s not an innovator or a scientist. He’s another Trump with a tech background, do you know what’s common between these two? Both are busy on Twitter, always needs media attention, cult like followers, want Hollywood attention. Trump is a narcissist and Elon is a high functioning narcissistic psychopath. This a***hole (Elon Musk) got all the government subsides he needed for his companies, subsidies saved his companies, first time I checked people were interested in buying Tesla electric cars because of government subsidies though it’s performance was nowhere near to gasoline cars. You know what makes middle class people buy a product? that extra discount. He’s pure evil minded business man, now he’s made it he doesn’t want his competitors to catch-up to him, he wants to monopolize electric and autonomous car market, no brainer. These con artists always have a Nobel and grandiose cause that serves their interests, he wants to save humanity, what a f**** joke 😆 I am noway supporting these self serving politicians either. Bunch of narcissists fighting for power and control over people and their lives.
This seems to check all the boxes of a great presentation. But take another listen. In five minutes, we touch upon muliple global companies, the energy sector, two national economies, national deficits, interest rates, subsidies, the latest statements from a billionaire entrepreneur's interview, and more. Are you kidding? We are left with a relatively unclear inference injected with profundity. A man gets smaller with every wink and nod. This is an editorial comprised of cleverly arranged facts and statements ornamented with sweeping statistics. The associations and contradictions he highlights would be newsworthy, indeed, if every hinted correlation he submits is true. This is someone trying to do your thinking for you. This is not journalism. to create an air of association or contradiction.
It’s called,”Fareed’s Take” because it’s a discussion of a topic to think about and reflect upon. He’s simply debating a point: shouldn’t others get help funding new innovations. He simply brings up the possibility of creating opportunities. Both points of view are valid! However if you take the best of both ideas, what you end up getting is a Government that will have to create restrictions and further involvement, but then you get is that at one time EM mentioned that he believes that Government should have less involvement. So, the debate only leads to something like a lot of red tape, but the US needs to be a fast Innovator and getting bogged down & slowed down isn’t advantageous as a Nation.
He got rich off everyday people investing in his company because of what they're capable of doing and have demonstrated already. The next decade is going to be a rude awakening for so many people. I just hope they stop these garbage hit pieces instead of evaluating the impact of Tesla's actions.
Investment in infrastructure and an astronomical "infrastructure investment" bill with about just 9% of the spending going into actual infrastructure are two very different things.
According to the left Senile Biden is smarter than musk no wonder they believed Jussie Smollet . The difference between being Democrat and Republican is actually measured by IQ if your IQ is less than 100 you are probably a democrat
Well said. It does come across as not-so-genuine when you criticise something which has helped you succeed, once you dont need it anymore, and suggest it be taken away from others who do.
He was making a larger point about how the traditional automakers have had the subsidy for as long as Tesla has and they still haven't bothered to actually make the moves to provide good vehicles. GM hasn't sold an EV in a year. You can't take this clip and understand the reasoning behind the man's comment.
@420KinK GM will be bankrupt irrespective. They were rescued a decade ago, and they will need handouts every 10-15 years. Tesla can thrive and doesn’t need government subsidies.
What a load of BS, this is so cropped and cut from what he actually said. It's not self serving, it's the opposite. He was warning us that the government is spending too much and will have grave consequences for the economy.
He should have just shut up and not done this rage interview. Now he's been clearly exposed as a hypocrite. This interview will come to haunt him for a long time imo.
I found the video of the Vietnamese Bear Grylls drinking cow excrement water in the jungle for survival and the next day Time magazine fed us all cow excrement water.
Nah, don’t blindly follow, just enjoying the lefties loosing their minds over Elon. He doesn’t spew the lefts narrative, makes the lefts hypocrisy shine:)
Hmmm...should we listen to the genius or CNN? CNN = the same people that thought a plane could fly into a black hole. I think I'll listen to Elon Musk. I love how you're considered intelligent until you go against CNN's narrative.
What you mean to say is “ I’d be happy if some of his wealth was distributed to me as I am inbox to perform adequately in society to survive on my own accord”
We need to tax wealth as well as income. That will never happen. The rich will always have talented/quasi-corrupt lawyers/accountants/lobbyists who will make sure that they continue to pay no taxes. The media-hungry smirkers like Musk and Trump and Bob Kobayashi love to brag about how their wealth and how we should celebrate the fact that they pay no taxes (because they are 'job creators'). But in reality most billionaires want to quietly fly under the radar and continue their grift on America.
How is it I was expecting a more positive commentary concerning Elon, but then again its CNN, I should've known better. Fareeds comments just reminded me of why I do not follow CNN, CNBC, CBS, NBC, ABC, NY Times etc... What's dissapointing is Fareed is a well educated person. Its too bad that he is following the CNN narrative. Journalism continues to decline at CNN and its affiliates. Sad.
He got plenty of subsidies in California and from federal gov to build his car and space empire and left California So I don’t give a sh*** about his comments bad employer
cause they re all kissing his feet, thats why. I wont ever get an E car. Too expensive and damaging to the environment in the countries where Lithium is extracted. Cant ignore that,
He left California because they have because unfriendly to business people. Now liberal California is allowing criminals to steal from stores without consequences. He left because this state is run by sick liberal of officials.
@@craigconway6048 It's true. Yesterday I was in California and someone grabbed all 7 of my 8 month old baby boys and gave them abortions and changed their gender. When I objected they killed my wife and nothing happened to them. I tried to pray and they cut my arms off. They said, "No, Christmas because we are at war against Christmas." Then everyone cheered.
By creating the two most important companies in history? Cleaning the air from polluting Fossil Fuel vehicles that slowly poison EVERYONE around them as they drive anywhere and idle in traffic. Getting to actual majority renewables will save millions of live per year globally...and make them healthier and wealthier the more accessible energy is from renewables. Don't confuse someone who stared down the collapse of BOTH of his companies and thus understand that even the "Biggest Corporation" aka the US Gov. can print too much and fall just like Rome or Germany or any other country that got too far out in front of its own skis... With someone that is purely a self-serving dude. Ignorant comment.
@@BenefitOfTheDoubtInquiry Nope, Tesla was bailed out by Toyota, you know those failing old-tech car companies. His cars are NOT eco-friendly at all, they hoard batteries for the wealthy driving what is equivalent to a Hummer
@@murraymadness4674 you know they sell the model 3 for less than the average price of a new car sold in the US, right? Their whole mission has been to bring the cost down by starting at the top end. Once Austin, TX is up and running, their prices will continue to drop and their sub $30k vehicle will be released. Did you know about that? And did you know about their massive grid storage system in South Australia, enabling use of renewable energy and stability to the grid?
@@silansel And speaking of failure.... he never expected Tesla or spacex to succeed let alone to this extent. But he did it anyways because he cares about things like climate change and fate of humanity. He's not willing to sit around and talk about it, he is making a difference in the world by actually doing something about it. Elon Musk is a lot of things but scammer isn't one of them.
Elon is ambitious and invests in human advancement, but I'm not sure why the political musings of a guy who endorsed Kanye West for president are taken seriously.
And he is fully FOR basic research funded by government which is open to all. He is against subsidies given to the buyers because mostly they are the ones who need it least. When Elon got started on the Roadster there were no subsidies. As for unionization there is no better way way to ruin an industry than unionization. Look at Britain's vehicle industry/ demolished by the unions. Once union bosses can control investors capital investors begin pulling out. Thats how GM is worth way less than Tesla though producing ten times more vehicles. 's
@@BigB29357 so Elon did not start Tesla, was not there for the Lotus kit car they used to make the roadster. He bought into the company and did a hostile takeover when then 2 men that started Tesla did not mention him in a interview. smoke and mirrors, he is not what he wants you to think he is.
I hardly drive the last 2 years, one lockdown after another , why would I buy a car? They say the pandemic will go on for a decade. my petrol bill proves, they might be right. 40 dollars a year. hahahaha. no E car can bet my petrol powered engine. I said goodbye to my country home and live in the city now, its so much more convenient,
1. What Elon said about government spending is completely true, as we now have a $30,000,000,000,000.00 national debt - insane! 2. If you don't own an electric car, you are paying for someone else who does through taxes that pay for subsidies. 3. Elon is against government spending in large part because it wastes money on a massive scale and is extremely inept at asset allocation. Individuals like Elon who are very good at asset allocation should keep more of their capital in order to grow businesses that benefit everyone. 4. The best approach is not government spending with your tax dollars but tax incentives for industries such as EV manufacturers. Then you are getting much more than just pennies on the dollar.
Elon, that is not a hair style. Even David Lynch knows how to do the high and tight. And as far as the Fed, the infrastructure bill will keep your cars from falling apart on bad highways.
All this money in play and your criticizing the hair style of Elon Musk. Petty? Any specific or valid points relating to spending or national debt? Maybe your a teenager and hairstyles matters… idk.
where are the 99%? where are the grassroot organizers for barney and obama? the organizers for ms. abrams? I agree: voting is not enough. but clearly we can all see that organizing millions of people to elect government officials is also not enough.
And Fareed's point is that Elon wouldn't be anywhere near where he is today if it weren't for those checks that the government wrote for him and his companies, so it's hypocritical for Elon to be trying to stop these checks after he's made hundreds of billions off of them over the course of decades. And Fareed's second point is that writing those checks doesn't cause any negative effects on the economy. The government's debt doesn't work like a citizen's debt does. There is no evidence that shows that a certain amount of government debt is bad. If you don't believe me, look it up. People who say that simply haven't looked into it yet, and are using their limited perspectives to assess a situation that they don't understand.
@@MrGriff305 no i dont because the banking syatem doesnt deem me fit evidentily. Which is laughable, and our goverment has been in debt for decades, and those loans are huge and the people are going to end up paying for them. Not to mention a huge id not half the money isnt even accounted for, its slush fun money with a big ? On it. Get a clue, do some research and stop watching cnn.
Really ? We auto- venerate the self-made uber rich person who seems intelligent ?? Actually, most of the time, they have huge egos to fill the space where real maturity should be.
United States debt is $29 trillion.Why pile on more debt. Elon Musk is concerned that bad things will happen if politicians continue to spend money the government does not have.
"Our spending is so far in excess of revenue its insane" man living off margin for 5 years as his company raked in investors capital on hyped up hopes of future revenue
@@seanpierre1338 That is only partially correct. If the number of stocks never changes then you are correct. A company can, however, directly make money from stocks rising in price when making secondary offerings at an inflated price. Obviously a higher price means more money for the company.
"Our spending is so far in excess of revenue its insane"- Elon. He was not talking about his company which most including this journalist is missing. US is earning more than it earns. Adding to that when large companies invest money [don't forget this money belongs to the people even though the banks are dealing with the finance] this bill if goes forward will add to that negative revenue of US. This will be like buying a gun with your own money and shooting your foot. US needs to be careful how it discourages its potential companies, specially when China is so willing to invest anywhere they can. Please watch the full interview of Elon from start to end to understand what Elon was pointing to. Do not draw conclusion with just one line. He was pointing about US economy how it works and where it is headed and not his pocket.
In my opinion, it isn’t just that the poor are not working hard enough but that the rich keep getting greedy. I wonder if there would a FORBES list in the after life.
So glad - no relieved actually - to finally hear the basic facts underlining the true aspects of the infrastructure bill so well presented and explained. I am probably betraying my age when I say that this segment by FZ was perfect, factual and a long overdue "fact check" of all the statements made by individuals and politicians alike, based on unfounded, misunderstood or simply manufactured information or data. Well done 👍🏾 ❤️🇨🇦
Do your own home work, this is also a propaganda, and not fully factually true. The :infrastructure" bill does not only contain budget for infrastructure, and for this reason, you must do your own homme work, else you wont believe the truth, and would be able to see propaganda for what it is. Making as if you dumb to not want the infrastructure bill but they keep quiet about money to hide the fraud in local government, so by accepting the "infrastructure" bill you empower criminality and bad governance. Life is not easy, so dont expect true information to be free.
Sir I wish you read it, you would realise how stupid what you just said was please get proper facts I mean no offence, get your facts from experts who have no dog in the fight outside America sources because left wing media is no telling the whole truth and right wing Media isn't telling the whole truth either but they are right that this bill is full of corruption.
i am dem but, biden calling GM a leader in EVs is laughable
I looked this up, and apparently GM is second to Tesla at leading.
yet they dont sell any EVs ...not one
GM started EV way before Tesla. Have you ever heard of the Chevy Volt?
they stopped production volt and bolt because of fire and degradation .....2021 SEMA show GM had zero EVs ......ZERO
@@chrisjames1526 they’re also leading behind Ford!
"I'm not perverted enough to be on CNN." -Elon Musk (12/20/21)
So many truths, spoken in jest...
Where is the source? He wouldn't be far off from the truth tho
@@martinkulik9466 his interview with Babylon Bee
Go Elon, Go. U r a breath of fresh air in an otherwise, foul world.
Have zero time for Elon Musk since he called one of the Divers who rescued those children trapped in underground caves in Thailand several years ago, a pedophile, because they dared to refuse his offer of a mini submarine for the project and he wanted the free publicity. Shows Musk to be a pretty nasty person in my opinion.
I would trust Elon Musk over you and CNN anytime of the day.
Simple Question: What has CNN given to this world in the last 10 years compared to Elon Musk?
Fake news and sex predators.
Besides SpaceX what has he himself founded/done?
-not Tesla--he bought the company.
-He didn't improve his companies because he's an _ideas guy_ not a _genius_
...why does everyone call this guy some mad genius archetype?
I would look into Musk's history a little more before worshipping him as an individual that created all these economically productive companies. He is not a self made man like Bill Gates, he was born with a silver spoon in his mouth.
@rubo111 😂😂😂
@@BasePuma4007
Eh, nope. Your information is completely wrong, probably fed to you by CNN.
Do you own research. If you want his history, from him directly, the recent Babylon Bee interview would be a good start.
Tesla's $465 Million incentive was a LOAN that was fully repaid with interest and penalty. BIG DIFFERENCE. GM and Ford got incentives they didn't yet repay.
The loan was a big deal. And what about solar subsidies and tax incentives.
@@jawedz notice how he didn't talk about the Nevada tax subsidy?
right and never did nothing right..
GM is done...See their cars who burns one after the other, unbelievable, now they are at level of russian lada...
@@chelseafan4eva Elon’s point was regarding the size of the FEDERAL government debt. Nevada’s tax breaks were given to GET something in return. There’s a big difference between a state giving tax incentives to win over creation of jobs for its citizens vs a government subsidy to encourage something that is already happening. Makers already have many new EV models coming out over the next couple of years and Tesla is not the only mfr that cannot roll them out of production faster than people put in their orders.
The largest oil subsidy by far is the fact that its environmental impact isn't factored into its cost.
ITS AMAZING HOW NAZI DEMS ARE NOW. OPEN BORDERS, HIGH CRIME, HIGH INFLATION, HIGH GAS PRICES, WHILE THESE TERRORIST DEMOCRAT TRAITORS LIE, CHEAT, STEAL, AND SELL OFF AMERICA! AS THEY BANKRUPT FAMILIES! DEMS ARE EVIL TERRORISTS!
@@GarrishChristopherRobin777 Breaking news: A CNN producer was just arrested by the FBI and accused of trying to recruit moms and their underage daughters for 'sexual training'
Also not factored in is the cost of our military protection of world oil supplies. Add that cost to gasoline, and it would add 5-10 dollars to each gallon.
@@GarrishChristopherRobin777 we don't subsidize the military... it is in fact part of our government. But you knew that, right?
Good point chrissscottt!
You're going off the rails Fareed, didn't expect you to serve the interests of big corporations like Ford. Musk is definitely not someone we should be worrying about, he is doing good work for society.
Look into musk a bit... not really
Musk is a fool and a crook
Did he turn down all the subsidies? What a communist
This should be the most upvoted comment. This subsidy rewards big auto who have ignored the market demand for electrification with tax payer dollars. Why should the working tax payer give money to corporations who failed to invest capital in R&D, made poor business strategy decisions who are now unable to compete head to head? The free market rewards business that aligns with future market demand. Tesla is doing so brilliantly. Big US auto manufacturers are not ready to compete against the wave of quality, cheap electric car imports from China. I can't believe I used to watch CNN's corporate echo chamber.
@@user-vq3kw3ze3f ... we're ALL 'benefiting' from subsidies.... we're ALL Communists.... SOME of 'us' are AWARE of it.... 0 0.....
Tesla paid back the money given to it before any other auto companies (GM, FORD).
Which in no way invalidates the argument, Domestic car makers are not the only ones that sell cars in America and we were looking at the potential for our whole domestic production to go under. Most nations have no domestic auto industry, it is not a law of nature that we have one either.
He hadn't paid slot in taxes because he forgot have s lot of money. He had s lot of stocks worth s fortune. So he had some stock option that exspire next year. Or he loves money. He decided exercise his options. He said I don't have of short accounts or any tax shelters. He daid his taxes are do easy H&,zR block could do them. He tired of people lying about him like he'd robbing America. He is writing a check for 12 Billion dollars for the taxes he cashef in. He said that he should pay s higher amount in taxes but then he sees how they lie chest and steal our tax dollars. This the highest tax bill ever paid in history. Do people really need to shut up about him not paying his share.
Not before, paid back period. The others got an order of magnitude more and will probably never pay it back. Tesla paid it back 3 years early even paying penalties for early repayment.
Yea but they still got him started
Doesn't matter he still took advantage of it and know he's against it when it can't serve him?
I’ve lost all respect for you Fareed.
Elon musk is a con artist, he’s not the founder of Tesla, he not the founder of PayPal either, he got kicked out of PayPal, he brought bunch of passionate engineers what’s to goto mars he made it as his mission. This nuralink is already pioneered by other companies, we have solar panels for a long time, his solar city is a failure, his boring company is another disaster, he sells tequila for $80 which is worth not even $40 so much more he’s a sleazy businessman.
None of his idols like Neil Armstrong and scientists doesn’t take him seriously at all. They all know he’s not an innovator or a scientist.
He’s another Trump with a tech background, do you know what’s common between these two? Both are busy on Twitter, always needs media attention, cult like followers, want Hollywood attention.
Trump is a narcissist and Elon is a high functioning narcissistic psychopath.
@@goodtimesbadtimes5273 lmaooo keep crying
He was a dem shill a long time ago
@@goodtimesbadtimes5273 take your meds please
The government should not be picking corporate winners and losers, period.
So Tesla, SpaceX, and GM should be gone. Maybe it'd be better just importing everything from China (who invests in their companies).
Does being a simplistic, reductive thinker hurt? It must, with how grumpy you guys always are.
Yes, government controlled by the people should influence the direction of the market, because the market has extremely poor big-picture and long-term vision.
When you have been misinformed for so long even when vital information proceeds from same source you just don't know what to believe...
well it's easy to see that CNN is a professional liar for the corrupt.
@@lovejoy1738 Where's the lie?
@@frenchcat2910 can you read the other comments, it's discussed over and over.
@@davida.4933 I'll assume you don't know.
@@frenchcat2910 The list is long: Russian collusion, Covid, vaccines, war, elections, economy, Don Lemon, Cuomo, etc. They have been proven liars and still doubling down on it... Soon Jan 6th will blow up in their face and so will the 2020 election fraud.
You’re missing the point. Plus, half your story talking about a timeline back before we had spent trillions and are planning to spend more. As he said, “just do the math”. I actually do think his understanding of macro economics surpasses yours in this commentary, and unfortunately others making similar claims and not acknowledging the bitter truth in his words.
Craig T Nelson literally said on tape - when I was on welfare, no one ever helped me.
That one still messes with my head.
It was part of what helped me break from conservatism, though.
lauren boebert says she and her husband agree on their view of smaller government BECAUSE they both grew up using/needing welfare.
I'm on welfare, nobody helps me.
Hahaha, good one, when I was on Welfare, no one helped me.
But welfare is help so that's a contradictory statement.
Well he’s got his share of the pie. Now nobody else needs to eat.
This!!
Why aren't people demanding that he pay back the all federal subsidies (i.e. tax payers money) he was given? Elon is a self-serving, greedy, narcissist.
@@jenniferhamilton7123 Exactly. I'd like to see his reimbursement plan to the US, now that he is uber-wealthy AND doesn't believe in subsidies.
@@eh3477 The reimbursement plan should include the interest on the profits he has made, from when the subsidies were initially granted and the eye-watering profits made during the pandemic, which should compound if not repaid by the agreed deadline.
@@panthersoul Yes, it is an Elon issue. His success in based on the fact that he was given government subsidies (tax payers money). Now that he's eye-watering wealthy, he's pulling up the drawbridge and whining that no business/industry should be granted subsidies. Hypocrite. He should pay that money back to tax payer pot and it would not even make a dent in his wealth.
I love how they cut the bit about massive Oil and Gas subsidies. Remove those and green energy wouldn’t need subsidies. The free market would make its own decision based on what makes the most economic sense. Especially in the face of incoming oil and gas bans worldwide.
Green energy is not necessarily competitive currently. Certainly not several years ago. Oil is a mature industry and the subsides it receives are tiny compared to its revenue. Besides the biggest oil subsidy is that pollution is socialized and paid for by society as a whole, not by individual oil and gas companies.
Another thing is that oil (ie gas) is taxed way higher in most developed countries such as the European ones and thus their vehicle fleet is far more fuel efficient and their vehicle owners are more resilient to increases in the global crude oil (and thus gas) prices. People buy giant pickups when gas is cheap and act surprised when gas prices go up - compare pictures of European highways to American highways (hint: American cars are much bigger on average)
@@bravado7 if green energy wasn’t competitive than Elon wouldn’t be the wealthiest man on the planet. The combination of Green energy supply and energy storage have proven to lower costs of Houses, companies and even small countries and provinces that have fully embraced them.
@@damongnojek3912 Tesla for the most part is barely profitable... after taking into account every single generous green energy subsidy available
Tesla wouldn't have gotten to where it is now without green energy subsidies.
@@bravado7 Tesla enjoys almost 40 percent margins and the government incentives were available to every car company. The ZEV credits could have been used by Ford, GM and Chrysler. All they had to do was create enough EVs to avoid fines. If you are referring to the government loan, Tesla paid that back extremely early.
@@damongnojek3912 … did you not just watch this video? Musk has billions exclusively because of government subsidies. Every major advancement in technology for the last 90 years have been thanks to government grants, loans, and subsidies. If free market hawks like you would have had their way, we’d still be in the Great Depression.
I was a big fan of Mr Zakaria until I saw this. It’s perfectly ok to have disagreements, if it leads to rational discussion. But this piece is so misleading it’s a hit piece. It intentionally cut Mr Musk’s sentence in half and only present part just to mislead.
Shame on you! You guys are the reason the country is so divided!
100% agreed on your point!
CNN what do you expect?
Totally agree with you !
I saw this and thought this also, happy to see the comments
Totally agree. Mr. Zakaria needs to look into the unsubsidized cost of energy like coal, oil, gas, nuclear, hydro, solar, and wind. I think what he would find would be a little shocking as to which is actually the least expensive.
More oligarchy looking out for themselves and ingracious to the government that helped him with his projects!
Where is his philanthropy? Where is his support for democracy?
Joe Biden is Hitler and democrats are racist
@@billrodriguez3399 wtf?
You can Google the musk foundation
@@billrodriguez3399 Bollocks.
He's for the most part resisted government "help".
“Now that I’ve profited from Federal, state and local subsidies, there’s no need for them anymore. “ 😕
Exactly! No need to help others. It’s pathetic.
Why hot watch the whole interview instead of inferring the context from this "summary" by the oil and has backed CNN.
Did anyone actually watch the interview or just listen to CNNs take….? They missed some great points Elon made, the greatest of which was the fact that you can 0 out all of the billionaires in America and still be at an extreme deficit. That’s a scary fact that should make every responsible American ask why we would continue down this road!!!!! 💰💰💰💰💰💰
Pulling up the ladder after you've used it to get to the commanding heights is a time honored tradition.
@@truth4tufftimes705 you zero out the Billionaires not to get rid of the deficit but to return to democracy instead of oligarchy - the fact that programs with 80% approval never get implemented and military campaigns that are 80% disapproved are almost impossible to end, shows we are not close to a democracy.
Being extremely good at something doesn't automatically make one good at everything.
He's actually good at making money off the ideas of others and passing himself off as a quirky genius. In other words, like most globalists (him, Trump, Putin), he's just good at pretending to be something he's not in order to fleece the world of billions in undeserved funds.
@@AdamWestish where does one get the meaning of the word "globalist"?
@@AdamWestish you mean like Al Gore who says he invented the Internet? Lols!
This is why people shouldn’t just listen to Billionaires like Elon Musk that have benefited MASSIVELY from government support. They completely lack self-awareness.
I do not think this man is fully aware..money talks..money talk..dirty cash, dirty cash..I need you...Ooh..
You are right listen to commies and homeless people
czcams.com/video/B8XQyHH0J24/video.html what they don't like you to see
czcams.com/video/B8XQyHH0J24/video.html what they don't like you to see
Thats why the government shouldn't subsidize clean energy. The federal government has a habit of giving money to businesses said to big to fail.
Its not bizarre to say end all subsidies, he is trying to compete with oil while oil has a massive unfair subsidy that has barred Tesla-like success since the 50s.
Exactly. That's not even counting the cost of our military protection of world oil supplies. If we added that cost to a gallon of gas, it would likely add $5-$10.
It's definitely not bizarre to hear the CEO of the top EV company say we should end something that helps smaller EV companies, meaning it increases competition that will challenge his position as king of the EV mountain.
@@rdean150 the issue is more complicated than this. Electric cars in general do not have a demand problem, they have a supply problem. All this bill will do is allow for inefficiencies in the car manufacturers that are paid for by the people.
@@rdean150 tesla is a still a small company versus all those giants.
@@armhawk13 yes. It is nonsense. Demand far outstrips supply and charging stations are happening antway.
Elon's approval rating is sky-high, he is person of the year.
Sad to say but Elon is 100 percent right .
Rofl...
Musk.... I got mine. So nobody else needs it.
100%
This is what all well off people say…….Hollywood ring a bell?
Let's not talk about GM folks.
Remember when all 3 big auto got bailed out instead of going bankrupt? No you chose not to.
Why 'bizarre'? Top predators eliminate their competition at the earliest opportunity... 🙄
Say something stupid again, Joe Biden ANTIFA terrorist and democrat racial hatred klan member
Fareed, I think you have this completely wrong. Your assertions that Musk's companies wouldn't exist were it not for government largesse is incorrect. While these companies took what what available, the point is that they would have been successful without government support.
But I think where you really miss the point is comparing the past to today. What Musk is saying is that what Biden is proposing today is necessary...and all evidence suggests he is correct. Right now there are huge waiting lists to buy EVs, so what's the case for government needing to stimulate demand. Right now Tesla has created an outstanding charging infrastructure and plans to triple it within a couple of years. Again, where's the need for government support.
As Musk says, the government simply doesn't need to be taking these steps. Maybe one could have argued otherwise 15 years ago, but this is now. Also, as Musk says, if government isn't subsidizing gas stations then why EV charging stations? Musk also makes the point that government should also end all fossil fuel subsidies.
As for the government being one of Musk's biggest supporters, I beg to differ. The reason the government is buying services from SpaceX is because they offer the best value. It's that simple.
Musk's fundamental argument is that he has build great companies that are doing well because they offer superior goods and services at superior prices. It's that simple.
I think you should probably be more concerned about the appointment if an avowed Musk/Tesla hater, Missy Cummings, to the NHTSA. I think you should be concerned about the fact that Biden is participating in a big lie about who is actually at the forefront of the EV transition. For Biden to pretend that Tesla doesn't exist while attempting to promote the "bid lie" that Mary Barra is leading this transition is downright laughable.
While I voted for Biden and generally support him, it sure does appear that he is attempting to use public money to curry favor with the unions. This is no better than Trump appointing Louis DeJoy to run the postal service.
Bottom line is the while Musk isn't saying what some folks want to hear, he's basically right.
Well said!
They all existed before musk took over their boardrooms, musk is not the actual founder of any of these company's
The only thing that is bizarre is people actually get their news from CNN
It’s sickening that these Billionaires bitch about the Federal deficit and our crumbling infrastructure, and yet pay virtually no income taxes.
aww, you still believe in Santa Claus too don't you
These days Elon Musk is so rich he can afford quality hair implants.
and yet, Trump is being accused ripping off taxation,
You didn't listen to Musk interview did you?
@@philobetto5106 Claus. Santa Claus. You don't believe in literacy it appears.
Pulling the ladder up behind him.
Perfect analogy.
This guy simply made Elon’s point
He has had the same opinion on subsidies for a long time. And the rebates go to the buyer, not to Tesla. There is no way to know how many cars Tesla would have sold with no rebates. And yes, they borrowed money which was payed back early w interest. Compare that to the billions GM and Ford have received from the government. Tesla were sharing their patents from the beginning, but legacy auto did nothing for years. And now they need support from government to survive. And like Elon said, gas stations never needed support, why should charging stations? But we do need a bill that will modernize the 3 main power grids in the US, they are hopelessly outdated and can't support the transmission to a society that doesn't use fossil fuels.
@@thejp6713 Big Oil, Gas, and Coal have gotten and still get massive federal subsidies, and it just leads to more global warming!
The idea is to lower the price of the car to promote purchases, many of which would not have happened without the subsidy, right? So it helps Tesla to ramp up quickly for the first 200,000 and get their infrastructure in order and don't fail in the early days of production with workers just standing around or un-purchases vehicles sitting on the lot.
Elon and his accountants know exactly how many cars were sold with incentives. Tell me he didn’t make one thin dime. Elon needs to shut the hell up and so do you .....
The gas stations thing is just dumb. There were several government events that helped spur the rise of gas retailers. Mainly, the interstate highway system (infrastructure), then our post ww2 manufacturing base was more poised to manufacture for obvious reasons.
EV power station proliferation could certainly help get more EVs on the road.
The guy is totally insane! Smart does not equal good.
Musk was correct.
Smart in one area of knowledge doesn’t mean smart in other areas.
@@gewurztramina Did you watch the whole interview?
Sounds like you will be good and broke. You call people lightyears ahead of you in intelligence insane. You need to learn when to listen to intelligent people. I would suggest stop watching CNN, as they are just propagandist trash from the left.
@@chrislevisen1010 .. Exactly
It's like my conservative Evangelical Christian cousin, she was a single mother that twenty years ago was on welfare for two years, and admits without it she would have lost her children. But now she thinks it's bad, because she claims to have seen some people become dependent on it, and it needs to be done away with.
It’s always the evangelicals……right?
If people used the services appropriately and the government gave out the services properly, the system would work!
@@liveinthetruth The system does work, she's proof of it. Just because it's not 100% fool proof doesn't mean it's not working for the people that truly need it. Should we deprive the people that truly need it because some abuse it? What's more important, making sure no one abuses the system or helping people that need it? I'm willing to make the sacrifice of putting up with some abuse, if it can also be shone to help the people that need it, nothing is perfect, and to expect as much is unrealistic.
This attitude is incredibly common among many Christians, but mostly because so many Christians are politically Conservative.
I’m a lifelong Christian, and when I registered to vote for the first time, it seemed extremely clear that the party with the platform that matched best with the teachings of Jesus Christ & the example he provided for us was the *Democrats.*
And the BIGGEST REASON is that the *Dems* view people who are living in poverty in an entirely different way than do the _Repubs._ They also completely disagree about the best ways for it to be addressed, since they see the problem differently, or don’t even see the same problem in the first place. There’s a clear difference between how the *Dem’s* & the _Repub’s_ think of the poor & their needs, & what’s best for everyone.
*help* / _deal with_
*provide for* / _look down upon_
*protect* / _protect from_
*humanize* / _criminalize_
*empathize with* / _judge_
*be concerned for their well-being* / _disdain & resent_
@@insanetubegain when more people are abusing the system instead of bettering themselves, there is a problem! I’m not against welfare, I’m against the fact that generations of people are trapped in the system!
So sad to see somebody so intelligent as Fareed Zakaria being so shallow and miss informed. To attack Elon Musk as he is doing in this hit piece is just pathetic. I had a lot of respect for Fareed Zakariah but seeing him shooting from the hip like this is hard to swallow.
Yeah, it's hard to see a genuinely intelligent person turn into a hitman. But it's not the first time, and I'm convinced it's not the last either.
"Green energy would suffer the most", while referencing a 2016 study.
..and I was sure it would be women and minorities...
It is simply the latest year they have numbers on or a study that has yet to be repeated.
@@minirock000 A responsible person would add a disclaimer or say "likely to suffer most". Plus I don't remember whether Musk was talking about green energy subsidies or just EV's because if it was the latter then this whole issue is mute.
@@thula2890 "I am literally saying, get rid of all subsidies." The Muskrat. (Who else 'literally says')He wants there to no longer be any subsidies. I am sure he will claim big oil but as a business man with a company that enforces it's will onto customers, Tesla, (think punishing people by restricting their quick charge stations or 'auto-drive features, they already do this) he wants to reduce the competition any way he can. I'm sure his lawyers give him the best advice on how to run his companies that he can afford.
"But let's be clear. If all subsidies were eliminated, it's green energy that would suffer the most." Zakaria A disclaimer like that? I recapped what was said in the video, the quotes are quotes.
@@minirock000 His gripes were specific to the EV sector though and there I agree with him. There is already a substantial credit that is available to all EV manufacturers except for GM and Tesla, why pass another one? Add to that the trouble that these companies are going to face sourcing batteries and chips etc. I don't see the need for a tax credit.
Tesla will sell cars with or without the credit because they are the only one that produces at scale.
EV charging is another issue I have with the bill. It's unnecessary right now. There is a lot of investment in this space already and there aren't enough EV's on the roads to justify government intervention right now. And saying Tesla only stands to benefit if the bill fail is stupid, the supercharger network only supports Teslas right now and they're the only manufacturer increasing their production 50%+ yearly. They have no choice but to build more chargers to support those cars. The rest don't have the numbers to justify getting subsidized.
This is just my opinion though, could be wrong 🤷♂️
I’ll rather take financial advice from Elon mush instead of fareed
It’s not financial advise it’s government policy
Government policy of keeping the industrial war machine going strong...... Create wars to profit firm arms sales and after war construction. Another way of colonisation
Why wasn't tesla invited along with other car companies to the seminar at the white House. Nothing to do with unions I suppose.
Same as gas prices going up. Biden 😡
Did not contribute to SuperPac
Because Tesla already exists & is already established in the vehicle market?
Probably Tesla doesn’t need pep talks as it is already well positioned in the EV market, building factories all over the world.
What Elon said is just common sense. Peter Schiff has been crying wolf about this for years and it now looks like finally after deflationary forces were in play since the last financial crash we now have real inflation in double digits. The best thing the government can do is nothing - stop shutting down the economy stop creating more debt and get out of the way. And the Brandon administration is a disaster.
What about the state, local and federal subsidies Solar City, Tesla and SpaceX have already received? He received all above but he doesn't think it's wise now. You have been hoodwinked.
Common sense is neither common nor sense. There's not a whole of sound judgment going on these days (though whether it is worse than in the past, I can't be sure), so it's not common. If common sense was common, then most people wouldn't make the kinds of decisions they do every day. People wouldn't buy stuff they can't afford. They wouldn't smoke cigarettes or eat junk food. They wouldn't gamble. And if you want to get really specific and timely, politicians wouldn't be tweeting pictures of their private parts to strangers. People wouldn't do the multitude of things that are clearly not good for them.
And common sense isn't real sense if we define sense as being sound judgment because relying on experience alone doesn't usually offer enough information to draw reliable conclusions. Heck, I think common sense is a contradiction in terms. Real sense can rarely be derived from experience alone because most people's experiences are limited.
@@tsav6952 he is happy to take them if they are available, because he knows he can actually provide value with them (unlike other companies). But he would prefer they didn't exist.
Peter Schiff sells gold, he has to say the sky is falling every year to sell his worthless gold, while the stock market is growing like crazy. Do the opposite of Schiff and you’ll be rich.
Well maybe they wouldn't need to create debt if people like Musk, Bezzo paid tax? I'm based in the UK and Amazon 400 Miilion on sales of 20 Billion. Just be proud and pay some tax simple.
Oh boy, Mr. Zakaria's argumentation is quite bumpy, comparing apples and oranges on the fly (like subsidies vs. loans vs. government contracts). So why this is tagged "#news" instead of "#opinion" is unclear to me. Talking about 'bizarre'!
One subsidy that everyone forgets to mention, is the cost of our military protection of world oil supplies. If you added that cost to gasoline alone, it would add about 5-10 dollars to every gallon.
And what is your complaint again?
@@Ornelas11B We should remove the subsidy and pass that cost onto the consumer
@@barry1807 Do you want riots in America?
@@barry1807 subsidizing gas prices is not a good thing. Even if we forget the environmental impact, it creates waisfull diving, and driving inefficient vehicles. The sprawl of suburbs and commuter towns create cities that are unsustainable on a tax basis without constant growth. Check out the channel "Not Just Bikes".
Systematic dismantling of mass transit by automotive and oil companies in this country has left everyone dependent on the automobile which is very inefficient in cities for traffic. Expanding roads to deal with a bunch of SUVs with one person inside is more spending also.
Exactly!
Lee Iacoca, the late Chairman of Crysler Corporation in his book enunciated that when people are poor,they love government policies - subsidies, handouts etc...;however, when those policies help them to get comfortable financially (rich), they turn against those policies. So goes the world!
Totally ironic. Good for me, not for others. Must prevent advancement, so we are in charge syndrome.🇩🇰🇺🇸⏳🦅🗽🌅
I'd love to see ya go on Joe Rogan too. Would be even funnier if he had Elon on at the same time too.
Media ain't no different than keyboard warrior of the world. All big and bad from far away, but cowards in person when called on the garbage they promote.
You know there's trouble in the camp when they start outing each other
Hmm, I think you are wrong. His comments make sense. If he could accomplish what he and Tesla have with credits due to reducing emissions then he deserves to say what he did. The other OEMs ignored the importance of electric for years. Now the other OEMs think they should get a bailout. Oh and by the way, they want unions to get it. That is wrong. Tesla is cutting edge and you didn’t bother to even acknowledge that. Your comments are biased and clearly I’ll informed. Sorry.
"I got mine, the government subsidies made me one of the richest people in the world. Now you can all go to ... well, not to space, that's mine too now."
The real deal is we need to tax the rich and corporations as we did between 1945, and 1964. Look it up.
Tax the most productive more ? If we compare you to the other poor places in the world -YOU are the rich , so why don’t you pay more ? Pay 60% tax and then look at others peoples money
Elon musk is right. And that's just his opinion you dont have to take it
That $465 million dollar loan, not subsidy , was repaid ahead of schedule with interest because of the untenable strings attached to it and was fined for early repayment of that loan according to Elon Musk....
Plus another loan following it , in millions.Least we forget???🤔🦅⏳🇺🇸🇩🇰
If someone takes a 0.5 bi loan its because they need them, at that point in time they had no alternatives and not surprisingly the conditions were harsh but... the alternative was going under. When they had better financing options they paid for early repayment (very normal). This is the same aid US the auto industry received in 2009, when they were out of options to obtain finance instead of going under and adding a couple of millions to unemployment in a very difficult moment to the industry the government step up and provide the loans that kept them alive, and those loans are also fully repaid long ago.
The point here is if you accept government as an economic agent that intervenes in the economy when they think is needed or just a regulator that does not intervenes even when things have gone south. Musk benefited a lot of government intervention and support of his endeavors so its hypocritical some of the comments he made specially considering that between 2017-2019 US were generating the higher budget deficits ever in times of reasonable economic growth and he stood silent. Seems like he is just a partisan player.
@@klaudio2803 so does FOX and OAN... except they lie to your face and you take it all down with eyes and throat wide open...
@@ladagol Musk's loans were from the Obama/Biden term...
@@yootoober2009 Sure.
Long ago (early 1990s) Paul Krugman wrote an essay 'Why a country is not a corporation' (or company?). Still holds good today: do ignore the advice of coporate moghuls on how to govern a country.
Hillary said the basic democrat voter is stupid
Say something stupid again
@@billrodriguez3399 wot?
Agree
Paul krugman has lost his reputation over his last few predictions have been so wrong and everyone else was right. He said inflation was transitory when everyone knew it wasnt
Fareed isn't very bright, sadly, which is his biggest problem. Despite the fact that CNN will dismiss Tesla (and Musk) at every opportunity (because Tesla won't advertise) Fareed's ill-concieved analysis smacks more of jealousy than fact.
Are you that delusional?
Yes, you are.
@@JuanPeguero 🤡🤡
You gotta watch the entire interview if you want to hear what Elon said in context. It's annoying when CNN does this commentary style of reporting. He takes mostly everything he says out of context. Do yourself a favor and go look at the entire interview before you render an opinion.
You obviously aren’t familiar with Fareed’s journalist integrity.
@@Handlethis342 don’t need to be. I just go straight to the source material.
@@Embowafa2004 doubling down on ignorance isn’t a virtue you know.
@@Embowafa2004I’ve watched every single Musk interview. I’m a huge fan and shareholder. Fareed’s criticism is valid. Be open to criticism.
@@Handlethis342 open to criticism, but his take is out context. I mean you’re not the only one invested in Tesla. It’s a bubble. That said it’s not ignorant to say watch the original material. It’s ignorant to miss understand what I stated.
Elon just wants to pull up the ladder after he made it up, block competition etc.
@Roger Vieira well not exactly "asserted, helped others assert or had a financial stake in any assertion of (i) any patent or other intellectual property right against Tesla or (ii) any patent right against a third party for its use of technologies relating to electric vehicles or related equipment;"
then there is the issue of massive loans etc like testla took to help it that he now opposes for other third parties. big companies like GE will probably not need the 5 billion dollar loan but smaller companies and innovators certainly would.
Tesla helped make the expensive parts of an EV become far cheaper. When they started, high energy cells were $600-$1,000 a kWh and now they are $100-125/kWh. They proved the market and the technology. The current EV incentive plan was idiotic with a per manufacturer cap which punished the pioneers and rewards the laggards. So Tesla has been operating without the federal tax credit incentive for over a year while the laggards of the industry still have theirs. How is that fair?
If BBB passes, then Tesla gets new incentives which actually helps them a lot. Musk is saying not to do that. And also, at the same time, reduce the fossil fuel incentives - Tesla and others can then compete on a level playing field with gas vehicles if the incentives for gasoline and other fossil fuel production are also removed.
It's so refreshing to find a journalist questioning the Gospel According to Elon. Thank you Fareed Zakaria (and team) for the fact check and for calling out Musk's exceptionally self-serving hypocrisy.
I like your sarcasm
CNN is too busy sucking off bezos
He's their billionaire of choice
Elon is a hack, he used his family’s mineral wealth to buy into becoming a PayPal “founder.” If he is a genius at anything it is media and marketing, not computer science or engineering. He used public money to become the richest man in the world and now wants to pull the ladder up behind him to stifle competition. I will laugh so hard when SpaceX declares bankruptcy.
@Kenny McCormick I never claimed that he did flaunt his money, and I’m not against public investment, maybe try wiping the tears from your eyes and read the critique again.
@Kenny McCormick triggered much? Elon must be your daddy lmao
Elon Musk speaks common sense. Yes, someone with high intelligence and great business sense would never support Biden's bill.
You're full of crap. FDR saved this nation with the New Deal, and we need something like that now: Biden's Build Back Better Bill. And it could be paid for by having guys like Bezos, Zuckerberg, and Musk paid their fair share of taxes, and since Reagan's first tax cut, no one in the top of the1% has paid their fair share. In the meantime, those in the middle class have shrunk from being over 60% of Americans to about 45%.
Speaks common sense, but only when it serves his business interests.
On the other hand top economists and Nobel laureates support Biden's bill.
@@gireeshgprasad7589 Experts are divided. There are also top economists and Nobel laureates that are against Biden's bill. Experts disagree all the time. The leftist media only likes to portray those who support it.
@@ldfreitas9437 "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." - Churchill.
Think about that. Just think...
No country has ever taxed itself into prosperity. The reason America went out of the depression was the economic boom from WWII.
What about the corporate tax Tesla pays?
Logic here: I have Elon lunch money when he was in eighth grade, so he owes me millions.
Of course he doesn't want the government to push programs for electric cars... he wants to be the supplier without competition. At this point it will help his competition giving them the same benefits he received in building his business. If it stops now it will be much harder for a company to rise to compete with Elon in that market and he knows it so of course he's going to push back. He doesn't care about the environment, he cares about his bottom line, and he is smart enough to know that this package will easily pay for itself in money we don't have to spend to fix problems later.... not to mention most of the stuff in it goes to the everyday person for once instead of big business and the rich. These bastards can't help but try to horde every advantage for themselves. It's time the everyday American tax payer got something real for their investment in taxes instead of just padding the riches pockets. There is a reason the wealth gap has grown so much and it comes down to the rich making sure every edge the government gives serves them instead of the average everyday citizen. Once the supply chain is fixed from covid inflation will be a non issue, but the insane growth we've seen from investing in the everyday person is obviously the better way than the 1.4 trillion tax break to corporations that yielded America nothing. It's better to invest in your people than in the few rich folks at the top. Trump created the largest deficit in 4 years in history.. 7.8 trillion... Biden has quite a ways to go to catch up with that spending.... and what did we get from trumps tax breaks for the rich? Nothing. At least with these bills the everyday american will see life get a good bit better.
czcams.com/video/B8XQyHH0J24/video.html what they don't like you to see
Say something stupid again, Joe Biden ANTIFA terrorist and democrat racial hatred klan member
China produces a lot more E cars then Musk will ever be able to. And a lot cheaper. Tesla is not a status symbol.
That's the problem.
Rich billionaires are not smart they're good at manipulation.
CNN Haterade episode: They can’t take it that the richest man and person of the year doesn’t speak to their agenda and relocated his business to Texas. 🤣
Elon musk is a con artist, he’s not the founder of Tesla, he not the founder of PayPal either, he got kicked out of PayPal, he brought bunch of passionate engineers what’s to goto mars he made it as his mission. This nuralink is already pioneered by other companies, we have solar panels for a long time, his solar city is a failure, his boring company is another disaster, he sells tequila for $80 which is worth not even $40 so much more he’s a sleazy businessman.
None of his idols like Neil Armstrong and scientists doesn’t take him seriously at all. They all know he’s not an innovator or a scientist.
He’s another Trump with a tech background, do you know what’s common between these two? Both are busy on Twitter, always needs media attention, cult like followers, want Hollywood attention.
Trump is a narcissist and Elon is a high functioning narcissistic psychopath.
This a***hole (Elon Musk) got all the government subsides he needed for his companies, subsidies saved his companies, first time I checked people were interested in buying Tesla electric cars because of government subsidies though it’s performance was nowhere near to gasoline cars. You know what makes middle class people buy a product? that extra discount.
He’s pure evil minded business man, now he’s made it he doesn’t want his competitors to catch-up to him, he wants to monopolize electric and autonomous car market, no brainer.
These con artists always have a Nobel and grandiose cause that serves their interests, he wants to save humanity, what a f**** joke 😆
I am noway supporting these self serving politicians either. Bunch of narcissists fighting for power and control over people and their lives.
@@goodtimesbadtimes5273 🤡
This seems to check all the boxes of a great presentation. But take another listen. In five minutes, we touch upon muliple global companies, the energy sector, two national economies, national deficits, interest rates, subsidies, the latest statements from a billionaire entrepreneur's interview, and more. Are you kidding? We are left with a relatively unclear inference injected with profundity. A man gets smaller with every wink and nod. This is an editorial comprised of cleverly arranged facts and statements ornamented with sweeping statistics. The associations and contradictions he highlights would be newsworthy, indeed, if every hinted correlation he submits is true. This is someone trying to do your thinking for you. This is not journalism. to create an air of association or contradiction.
It’s called,”Fareed’s Take” because it’s a discussion of a topic to think about and reflect upon. He’s simply debating a point: shouldn’t others get help funding new innovations. He simply brings up the possibility of creating opportunities. Both points of view are valid! However if you take the best of both ideas, what you end up getting is a Government that will have to create restrictions and further involvement, but then you get is that at one time EM mentioned that he believes that Government should have less involvement. So, the debate only leads to something like a lot of red tape, but the US needs to be a fast Innovator and getting bogged down & slowed down isn’t advantageous as a Nation.
Hey got rich off federal money and now he mocks it! Hypocrite like the rest of them!!!#!
He's brilliant but he's also got the makings of a demagogue.
He got rich off everyday people investing in his company because of what they're capable of doing and have demonstrated already. The next decade is going to be a rude awakening for so many people. I just hope they stop these garbage hit pieces instead of evaluating the impact of Tesla's actions.
He may be the richest person in the world, but he clearly can't afford a decent hair cut.
Time is so precious
What about Jeff Bezos?
Yes wind worked sooo well for Texas last winter
Investment in infrastructure and an astronomical "infrastructure investment" bill with about just 9% of the spending going into actual infrastructure are two very different things.
Keep parroting right wing lies
Yeah you called him out. Hypocrisy is OK these days I’m afraid.
According to the left Senile Biden is smarter than musk no wonder they believed Jussie Smollet . The difference between being Democrat and Republican is actually measured by IQ if your IQ is less than 100 you are probably a democrat
Musk is counting on the many idiots to help him become the richest man on the planet. And I still wont buy an e car.
Well said. It does come across as not-so-genuine when you criticise something which has helped you succeed, once you dont need it anymore, and suggest it be taken away from others who do.
its a bit like the immigrants that after getting in do not want more immigration :D.
He was making a larger point about how the traditional automakers have had the subsidy for as long as Tesla has and they still haven't bothered to actually make the moves to provide good vehicles. GM hasn't sold an EV in a year. You can't take this clip and understand the reasoning behind the man's comment.
This comment means nothing
Point is Tesla has payed for there own infrastructure. Do you think its fair everyone else shall get if for free...
@420KinK GM will be bankrupt irrespective. They were rescued a decade ago, and they will need handouts every 10-15 years. Tesla can thrive and doesn’t need government subsidies.
What a load of BS, this is so cropped and cut from what he actually said. It's not self serving, it's the opposite. He was warning us that the government is spending too much and will have grave consequences for the economy.
Elon’s too intelligent for most people- get over it ..
The mans an enigma 👍🏻
The a big chunk of the defense department budget over the past 40 years has been spent on securing our supply of oil.
Which had been spent producing nuclear here would have solve the energy issue.
Especially during the war on terror!
@@jimmcloughlin a billion a day!
Petro dollars for security.
@@jimmcloughlin More like War to expand terror.
He should have just shut up and not done this rage interview. Now he's been clearly exposed as a hypocrite. This interview will come to haunt him for a long time imo.
Nope. You're hearing one biased side of the story
Fried Zucchini is bizarre.
I found the video of the Vietnamese Bear Grylls drinking cow excrement water in the jungle for survival and the next day Time magazine fed us all cow excrement water.
Thank god someone speaking sense rather than the Elon musketeers who will blindly follow whatever he says
Yet, you blindly follow CNN...
Nah, don’t blindly follow, just enjoying the lefties loosing their minds over Elon. He doesn’t spew the lefts narrative, makes the lefts hypocrisy shine:)
Yeah, they seem to worship at his altar.
Hmmm...should we listen to the genius or CNN?
CNN = the same people that thought a plane could fly into a black hole.
I think I'll listen to Elon Musk.
I love how you're considered intelligent until you go against CNN's narrative.
@@davidbourne8267 are you struggling with plain English? In this segment Musk is called intelligent but his statements are self-serving.
I'd be happy if musk paid his taxes
I'm pretty sure most people know what you mean. However, simply saying "i'd be happy if he paid his taxes" may come across as a slander.
What you mean to say is “ I’d be happy if some of his wealth was distributed to me as I am inbox to perform adequately in society to survive on my own accord”
@@panthersoul the Richer you are the smaller your taxes are
@@vitalsigns2679 no
We need to tax wealth as well as income. That will never happen. The rich will always have talented/quasi-corrupt lawyers/accountants/lobbyists who will make sure that they continue to pay no taxes. The media-hungry smirkers like Musk and Trump and Bob Kobayashi love to brag about how their wealth and how we should celebrate the fact that they pay no taxes (because they are 'job creators'). But in reality most billionaires want to quietly fly under the radar and continue their grift on America.
How are others going to compete when the government gives certain companies subsidies and loans? What typ of capatilism.
How is it I was expecting a more positive commentary concerning Elon, but then again its CNN, I should've known better. Fareeds comments just reminded me of why I do not follow CNN, CNBC, CBS, NBC, ABC, NY Times etc...
What's dissapointing is Fareed is a well educated person. Its too bad that he is following the CNN narrative. Journalism continues to decline at CNN and its affiliates. Sad.
Fareed is racist. He will run with any position or story that denigrated white for anything.
He got plenty of subsidies in California and from federal gov to build his car and space empire and left California So I don’t give a sh*** about his comments bad employer
cause they re all kissing his feet, thats why. I wont ever get an E car. Too expensive and damaging to the environment in the countries where Lithium is extracted. Cant ignore that,
Don't work for him. its that simple.
@@johnmaster420 How was Juju wrong?
He left California because they have because unfriendly to business people. Now liberal California is allowing criminals to steal from stores without consequences. He left because this state is run by sick liberal of officials.
@@craigconway6048 It's true. Yesterday I was in California and someone grabbed all 7 of my 8 month old baby boys and gave them abortions and changed their gender. When I objected they killed my wife and nothing happened to them. I tried to pray and they cut my arms off. They said, "No, Christmas because we are at war against Christmas." Then everyone cheered.
musk just loves being controversial and divorced
czcams.com/video/B8XQyHH0J24/video.html what they don't like you to see2
Learn to write properly
How is the weather in Africa?
Dude he can get any woman he wants . What have you or I have?
probably why he got divorced, grimes tired of his shit.
just doesn't want competition, pretty straight forward.
This is a CNN takedown of musk, other EV drivers have access to Tesla super charger stations, how much revenue from oil advertising does CNN get.
This is what we get when Elon thinks he can keep winging it. Obviously a self-serving dude.
Huh!?
HE NEEDS NO UNION. I WOULD NOT ACCEPT A UNION IN MY BUSINESS
JUST AS WELL. THEY DON'T HELP ANYTHING. JUST $$$ GRUBBERS.
By creating the two most important companies in history? Cleaning the air from polluting Fossil Fuel vehicles that slowly poison EVERYONE around them as they drive anywhere and idle in traffic.
Getting to actual majority renewables will save millions of live per year globally...and make them healthier and wealthier the more accessible energy is from renewables.
Don't confuse someone who stared down the collapse of BOTH of his companies and thus understand that even the "Biggest Corporation" aka the US Gov. can print too much and fall just like Rome or Germany or any other country that got too far out in front of its own skis...
With someone that is purely a self-serving dude.
Ignorant comment.
Fun fact, Tesla was NOT founded (the company) nor invented (the car) by Musk.
Fun fact, he's the reason we have Tesla today bringing the world closer to a carbon free energy and transportation system.
@@BenefitOfTheDoubtInquiry Nope, Tesla was bailed out by Toyota, you know those failing old-tech car companies. His cars are NOT eco-friendly at all,
they hoard batteries for the wealthy driving what is equivalent to a Hummer
@@BenefitOfTheDoubtInquiry : Carbon free energy is more of a myth!
and the name Tesla isnt his either
@@murraymadness4674 you know they sell the model 3 for less than the average price of a new car sold in the US, right? Their whole mission has been to bring the cost down by starting at the top end. Once Austin, TX is up and running, their prices will continue to drop and their sub $30k vehicle will be released. Did you know about that? And did you know about their massive grid storage system in South Australia, enabling use of renewable energy and stability to the grid?
I can rip apart every single point that you've made sir, but I'd rather not. I don't think you were well informed about what you were talking about.
He is correct in one, Elon musk without subsidies will be just be a failed oil snake seller, instead of a billionaire one
@@silansel 🤣🤣 you are joking.... right? I appreciate your sense of humour.
@@vivaswanamrit1705 musk's fail will be a nice think to see, a lot of people are realizing of his scams and bullshit.
@@silansel 🤣🤣 lmao.... You are too good... are you coming up with these in real time, because they are hilarious 😂
@@silansel And speaking of failure.... he never expected Tesla or spacex to succeed let alone to this extent. But he did it anyways because he cares about things like climate change and fate of humanity. He's not willing to sit around and talk about it, he is making a difference in the world by actually doing something about it. Elon Musk is a lot of things but scammer isn't one of them.
Elon is ambitious and invests in human advancement, but I'm not sure why the political musings of a guy who endorsed Kanye West for president are taken seriously.
He has also benefitted from basic government research in digital technologies and aerospace.
And he is fully FOR basic research funded by government which is open to all. He is against subsidies given to the buyers because mostly they are the ones who need it least. When Elon got started on the Roadster there were no subsidies. As for unionization there is no better way way to ruin an industry than unionization. Look at Britain's vehicle industry/ demolished by the unions. Once union bosses can control investors capital investors begin pulling out. Thats how GM is worth way less than Tesla though producing ten times more vehicles.
's
@@BigB29357 so Elon did not start Tesla, was not there for the Lotus kit car they used to make the roadster. He bought into the company and did a hostile takeover when then 2 men that started Tesla did not mention him in a interview. smoke and mirrors, he is not what he wants you to think he is.
@420KinK Haven't we all, my friend, haven't we all?
@420KinK meow
which he said he supports LOL
"Tesla owners, like me by the way" 😂😂😂
Should’ve said “Government subsided electric vehicle owners, like me by the way”
@@user-vq3kw3ze3f who says he used the subsidy? It’s been expired for several years and a majority of the Teslas sold have been sold after it expired.
I hardly drive the last 2 years, one lockdown after another , why would I buy a car? They say the pandemic will go on for a decade. my petrol bill proves, they might be right. 40 dollars a year. hahahaha. no E car can bet my petrol powered engine. I said goodbye to my country home and live in the city now, its so much more convenient,
Tesla owners worship the ground he walks on, Musk is their electric jesus.
@@xiaokaTesla benefited from government subsidies. It doesn’t matter at what point. Tesla’s foundation is based of subsidies. Hilarious
He’s saying get rid of subsidies because they don’t get them anymore now they can say get rid of the subsidies to ruin the competition.
1. What Elon said about government spending is completely true, as we now have a $30,000,000,000,000.00 national debt - insane!
2. If you don't own an electric car, you are paying for someone else who does through taxes that pay for subsidies.
3. Elon is against government spending in large part because it wastes money on a massive scale and is extremely inept at asset allocation. Individuals like Elon who are very good at asset allocation should keep more of their capital in order to grow businesses that benefit everyone.
4. The best approach is not government spending with your tax dollars but tax incentives for industries such as EV manufacturers. Then you are getting much more than just pennies on the dollar.
He's against subsidies on EV coz Tesla isn't getting like they used to.
Thanks for explaining, Fareed. I hope the Predators will listen ( for a change.) instead of yesterday's economics/GOP bluster.
Basic math of adding more debt doesn't add up. BBB is almost pure malinvestment.
@@waywardgeologist2520 ...yeah.... Build it Back 'Better'... for WHO..?
Elon, that is not a hair style. Even David Lynch knows how to do the high and tight. And as far as the Fed, the infrastructure bill will keep your cars from falling apart on bad highways.
What the hell is going in with his hair, he needs to fire his public image people.
All this money in play and your criticizing the hair style of Elon Musk. Petty? Any specific or valid points relating to spending or national debt? Maybe your a teenager and hairstyles matters… idk.
Betcha Grimes had something to do with the hair...
where are the 99%? where are the grassroot organizers for barney and obama? the organizers for ms. abrams? I agree: voting is not enough. but clearly we can all see that organizing millions of people to elect government officials is also not enough.
Elons point is the goverment is writing checks, it cant cash. Simple math.
And Fareed's point is that Elon wouldn't be anywhere near where he is today if it weren't for those checks that the government wrote for him and his companies, so it's hypocritical for Elon to be trying to stop these checks after he's made hundreds of billions off of them over the course of decades. And Fareed's second point is that writing those checks doesn't cause any negative effects on the economy. The government's debt doesn't work like a citizen's debt does. There is no evidence that shows that a certain amount of government debt is bad. If you don't believe me, look it up. People who say that simply haven't looked into it yet, and are using their limited perspectives to assess a situation that they don't understand.
You don't take out loans?
@@MrGriff305 no i dont because the banking syatem doesnt deem me fit evidentily. Which is laughable, and our goverment has been in debt for decades, and those loans are huge and the people are going to end up paying for them. Not to mention a huge id not half the money isnt even accounted for, its slush fun money with a big ? On it. Get a clue, do some research and stop watching cnn.
Wow! Musk looks like a has-been Elon Musk impersonator.
Really ? We auto- venerate the self-made uber rich person who seems intelligent ?? Actually, most of the time, they have huge egos to fill the space where real maturity should be.
I think its called greater good. In layman's terms - how much has Tesla contributed back to the nation that made him!
i think he contribute too much to this nation of racist 😅😢
There's a lot of things I admire about Elon.
I can't say his maturity is one of them.
Without Fox New we Americans would not know the real news FJB and CNN
United States debt is $29 trillion.Why pile on more debt. Elon Musk is concerned that bad things will happen if politicians continue to spend money the government does not have.
"Our spending is so far in excess of revenue its insane" man living off margin for 5 years as his company raked in investors capital on hyped up hopes of future revenue
Soooo. is what he's saying true though? Hmmm.. I wonder.
You know the company doesnt get more money if the stock price goes up right
@@seanpierre1338 They don't know anything..CNN told them to be angry at Elon so their angry at Elon.
@@seanpierre1338 That is only partially correct. If the number of stocks never changes then you are correct. A company can, however, directly make money from stocks rising in price when making secondary offerings at an inflated price. Obviously a higher price means more money for the company.
"Our spending is so far in excess of revenue its insane"- Elon. He was not talking about his company which most including this journalist is missing. US is earning more than it earns. Adding to that when large companies invest money [don't forget this money belongs to the people even though the banks are dealing with the finance] this bill if goes forward will add to that negative revenue of US. This will be like buying a gun with your own money and shooting your foot. US needs to be careful how it discourages its potential companies, specially when China is so willing to invest anywhere they can.
Please watch the full interview of Elon from start to end to understand what Elon was pointing to. Do not draw conclusion with just one line. He was pointing about US economy how it works and where it is headed and not his pocket.
He needs too spend some of that money and get a real Barber.
If I got a bad haircut like that, I'd be grumpy too.
So, spending trillions beyond your income is perfectly fine? Thanks for informing me CNN.
Its called politics.
In my opinion, it isn’t just that the poor are not working hard enough but that the rich keep getting greedy. I wonder if there would a FORBES list in the after life.
So glad - no relieved actually - to finally hear the basic facts underlining the true aspects of the infrastructure bill so well presented and explained. I am probably betraying my age when I say that this segment by FZ was perfect, factual and a long overdue "fact check" of all the statements made by individuals and politicians alike, based on unfounded, misunderstood or simply manufactured information or data. Well done 👍🏾 ❤️🇨🇦
Do your own home work, this is also a propaganda, and not fully factually true. The :infrastructure" bill does not only contain budget for infrastructure, and for this reason, you must do your own homme work, else you wont believe the truth, and would be able to see propaganda for what it is. Making as if you dumb to not want the infrastructure bill but they keep quiet about money to hide the fraud in local government, so by accepting the "infrastructure" bill you empower criminality and bad governance. Life is not easy, so dont expect true information to be free.
Sir I wish you read it, you would realise how stupid what you just said was please get proper facts I mean no offence, get your facts from experts who have no dog in the fight outside America sources because left wing media is no telling the whole truth and right wing Media isn't telling the whole truth either but they are right that this bill is full of corruption.