Elon Musk Weigh in this Week on Taiwan—where his comments did not go over well.
“The official policy of China is that Taiwan should be integrated,” Musk ” an interview with CNBC’s David Faber. “One does not need to read between the lines. One can simply read the lines. There’s a certain inevitability to the situation.”
China’s state-controlled media China Daily ran with the headline, “Elon Musk: Taiwan should be integrated.”
This Friday, Taiwan, Foreign Minister Joseph Wu tweeted a response to the Tesla CEO, writing that the Chinese Communist Party’s “bullying & threats are a concern, especially for those who would rather stay free & democratic.”
Wu added that China’s “expansionist policy violates rules-based international order & the status quo. Mr. @ElonMusk, other than money, there is something we call VALUES.”
China considers Taiwan to be its territory—despite the fact that Taiwan is democratic and self-governed—and has threatened to use force if necessary to gain control of it. TaiwanIn the meantime, it is also home to Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest maker of computer chips by volume.
Legendary investor Warren Buffett this week dumped the rest of Berkshire Hathaway’s $4 billion stake in TSMC. He told Japan’s Nikkei Last month, the war threat was real. “consideration” In dumping a large stake.
Citadel CEO Ken Griffin declared in November last year that America was a threat to the world. “utterly and totally dependent on the Taiwanese for modern semiconductors.” A billionaire hedge fund manager added: “If we lose access to Taiwanese semiconductors, the hit to U.S. GDP is probably in the order of magnitude of 5% to 10%. It’s an immediate Great Depression.”
In October last year, the he told The following are some of the ways to get in touch with us. Financial Times There is a dispute over Taiwan It is unavoidable. He said that his recommendation was to: “would be to figure out a special administrative zone for Taiwan that is reasonably palatable…they could have an arrangement that’s more lenient than Hong Kong.”
China’s foreign ministry responded to Reiterating his statement that China would not be able to abide by it “resolutely crush ‘Taiwan independence’ secessionist attempts, resolutely stop interference by external forces, and resolutely defend national sovereignty and territorial integrity.”
Musk This week, we compared China with the rest of global economies. “conjoined twins” he warned that any separation would have severe consequences. He said that while Tesla does have a gigafactory located in Shanghai, “the situation is actually a lot worse for a lot of other companies…I’m not sure where you will get an iPhone.”
