The location of the next Tesla gigafactory was announced and it is going in Shanghai. The American automaker is targeting the largest automotive market by expanding their operations. This is slated to open in 2023 and will have an estimated 500K capacity after ramp up.
In this video I dscuss how it is smart for the company to build near the existing facility to keep the supply chain tight. Also, it further endears Musk to the CCP, something that is important in a time with iffy relations globally.
▶️ 3Speak
One of the strangest people alive today and also the richest he definitely knows what he is doing, I wonder what his plans with Twitter is??
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Hard to know what he is doing that. He certainly is getting a lot of attention and stirring things up. It is really causing a storm in the media circles.
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Tesla in Chinese territory is good news for the company since it is a giant market and which I believe will not have direct competition in the coming years, will see exponential growth.
Yes it is a huge market. It is the largest EV market on the planet.
So by building out a large footprint there is the only way to maintain a stronghold.
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This video is about W. Buffet's opinion about Bitcoin, not about Tesla.
Yes I just spoke to Vaultec. Evidently the same video loaded 6 times on me, in two different accounts. The latest one went through in my other account.
So it might be fixed. Unfortunately, I will have to try to work around this.
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The video is incorrect again but I read your comment about it. Was it a bug on the speak network side?
I don't like Musks obligations to China because of this but he is pursuing profits. I there enough demand in China for it or will he be importing them overseas?
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Summary:
In this video, the speaker discusses the recent statements made by Warren Buffett and Charlie Munger regarding cryptocurrency, specifically Bitcoin. He points out that despite Buffett's success in traditional investing, his negative views on Bitcoin stem from a lack of understanding of the technology and its potential value. The speaker argues that Bitcoin, as a decentralized network standing outside traditional financial systems, holds value that Buffett fails to recognize due to his focus on conventional investment strategies. The speaker also draws parallels between the traditional banking system and cryptocurrency networks, highlighting the importance of communication systems in the financial world.
Detailed Article:
The video opens with the speaker, not referring to himself as Taskmaster4450, but addressing the audience and discussing the recent remarks by Warren Buffett and Charlie Munger on cryptocurrency, particularly Bitcoin. He notes that despite being successful investors, Buffett and Munger have expressed negative sentiments towards Bitcoin in the past. The speaker emphasizes that Buffett's dismissive stance toward Bitcoin is rooted in his lack of comprehension of the technology rather than its actual value.
The speaker reflects on his own journey of understanding technology despite not being a technical expert himself. He highlights the importance of grasping technological trends and advancements to stay relevant in an evolving world. This personal reflection sets the stage for his critique of Buffett's views on Bitcoin, suggesting that the billionaire investor's refusal to acknowledge the value of cryptocurrencies is a result of his failure to adapt to changing landscapes.
Furthermore, the speaker argues that Bitcoin, as a decentralized network enabling secure transactions beyond government control, holds intrinsic value that Buffett fails to appreciate. He points out the hypocrisy in Buffett's stance, as he has invested in traditional financial institutions that also benefit from operating outside government regulations. The speaker criticizes Buffett's ignorance of the role of networks in financial systems and the significance of secure communication in today's digital age.
Drawing parallels between blockchain technology and traditional ledger-based banking, the speaker highlights the similarities in their underlying principles. He explains how distributed ledger technology like blockchain offers transparency and security, traits lacking in conventional banking systems. By challenging Buffett's understanding of cryptocurrency and its potential impact on the financial world, the speaker calls for a broader perspective on the value of decentralized networks and their role in modern finance.
In conclusion, the speaker asserts that Buffett's skepticism towards Bitcoin arises from a fundamental misunderstanding of its technological foundations and the transformative potential it holds. By juxtaposing traditional banking systems with cryptocurrency networks, the speaker underscores the importance of embracing innovation and adapting to changing paradigms in the financial sector. The video serves as a critique of outdated views on emerging technologies, urging viewers to consider the broader implications of decentralized networks in reshaping the future of finance.