Perhaps Elon Musk Shouldn't Have Borrowed $1.6 Billion from Communist China....
Not the Best Idea Anyone Has Ever Had…
Our anti-fan-hood of Elon Musk goes back more than a little bit.
Because he’s hailed as this avant garde entrepreneurial genius. When what he actually is - is the largest welfare king of all time.
Our fan-hood of Intellectual Property (IP) goes back…to the very beginnings of human existence.
And our loathing of Communist China - including its massive IP theft - should be inherently obvious.
China is inordinately hyperactive in its IP theft.
So when we saw this - it was a philosophical harmonic convergence:
“NASA Authorization Hangup:
“One of the last hurdles before the Senate passes a NASA authorization bill is a disagreement over a pair of amendments that would enact thorough restrictions on keeping China out of NASA programs, a Senate staffer tells us….
"The two amendments from Sen. Cory Gardner (R-Colo.)…are intended to make sure China cannot steal intellectual property from the U.S. space program. Both were approved by the Senate Commerce Committee by voice vote.
“SpaceX has been lobbying against similar legislative provisions being considered in the House, a House staffer tells us. SpaceX is owned by Elon Musk, who also owns Tesla, a luxury car company that operates a factory in China.
“Lobbyists for the company argued that SpaceX could be hurt by the bill, which would require NASA to look at whether companies had any ‘affiliation’ with a company that has ties to China, the staffer said. SpaceX did not respond to a request for comment.”
Wait - Why would Musk’s SpaceX oppose amendments aimed at excluding IP-thieving China from our space program?
Especially when China is looking to take out SpaceX.
Especially when China has previously stolen IP from Musk. Musk also owns government-money-vacuum Tesla Motors….
“Tesla claims that one of its former Autopilot employees, Guangzhi Cao, stole the source code for Xpeng….(T)he company claims that he stole it when he left to join Xpeng in January.”
Well, Musk’s SpaceX gets a LOT of coin from our government. (Shocker, I know.)
Given Musk’s SpaceX is getting government contracts for some seriously secret stuff - you would think Musk would understand the attempt to ban China from the process. Rather than, you know, lobby against it.
Except as it turns out - Musk has a bit of a China problem.
"Chinese Internet giant Tencent Holdings Ltd. bought a 5% stake in Tesla Inc., a vote of confidence in Elon Musk….”
Ummm…Communist China owning a 5% stake in Tesla makes me even less confident in Tesla - and Musk.
As does this….
“The Chinese plant…was completed in record time as it sped through approvals and construction….
“Various government officials including Mayor Ying Yong and Zhu Zhisong, deputy secretary-general of the Shanghai municipal government, were among the dignitaries attending Tuesday’s (grand opening) event.”
Why was the Chinese government so invested in Musk’s factory?
Because the Chinese government is so invested in Musk’s factory.
According to a 2019 Securities and Exchange filing, the Chinese government helped Musk secure $1.6 BILLION in loans for the joint.
Elon Musk has a HUGE Communist China problem.
For Musk, huge government money is a way of life. Even if it’s Communist China huge government money.
And what’s even worse?
Tesla’s peanut butter is all over SpaceX’s jelly. And vice versa. It’s all one giant Musk mess.
“(T)ransactions between the two firms aren’t new….”
“In 2016, Musk had hired former Apple alloy expert Charles Kuehmann to head research into materials engineering at the two companies.”
Well isn’t all of that cozy and helpful. For Communist China.
China is hardwired into Musk’s Tesla.
Musk’s Tesla owes a billion-plus dollars to the ChiComms.
Musk’s Tesla is bleeding personnel and IP to the ChiComms. And given the ChiComms ownership stake, huge mortgage and home country advantage - does anyone doubt this will continue?
Meanwhile, Musk’s SpaceX and Musk’s Tesla - are constantly cross-pollinating.
Which means the ChiComms access to Tesla - means the ChiComms have access to SpaceX.
Think it doesn’t? Imagine you owe someone $1.6 billion - and they come asking you for favors. Saying “No” - really isn’t an option.
Now we know why Musk’s SpaceX is lobbying against our government’s attempt to keep China’s peanut butter out of our jelly.
This first appeared in Red State.