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>> Mr. Musk’s business ventures are heavily reliant on China. He borrowed at least $1.4 billion from banks controlled by the Chinese government to help build Te
by adamredwoods 2y ago
>> Mr. Musk’s business ventures are heavily reliant on China. He borrowed at least $1.4 billion from banks controlled by the Chinese government to help build Tesla’s Shanghai gigafactory, which was responsible for more than half of Tesla’s global deliveries in the third quarter of 2024.
>> Mr. Musk’s relationship with China’s leaders could prove a problem for America’s national security given that SpaceX has a near monopoly on the United States’ rocket launches. The United States is in an intense space race with China. In a May interview, Maj. Gen. Gregory J. Gagnon, the deputy chief of space operations for intelligence at the U.S. Space Force, said that there has never been a buildup comparable to what the Chinese are attempting in space — not even during World War II — and that “an adversary arming this fast is profoundly concerning.” The last thing the United States needs is for China to potentially have an easier way of obtaining classified intelligence and national security information.