Personal safety, good health, financial stability, access to education, job security, low stress, and strong family and social ties do not necessarily make people smile or laugh. They create a sense of contentment. That is precisely where Scandinavian countries excel.
Brands matter, and when regular people think AI, they think of OpenAI before they think Google, even if Google has more AI talents and scores better on tests.
And isn't it good? Who wants a world where the same handful of companies dominate all tech?
Right now, after losing almost half of its value, Tesla's stock still has a whooping 122 P/E; Tesla is still valued as a growth company while their sales are collapsing in the US, in Europe and in China, and with no other obvious market to compensate. Tesla hasn't launched a new mass market vehicle since March 2019, when Model Y was presented. That's 6 years ago! What other car manufacturer would survive so little innovation for so long? There are no new mass market vehicles in sight, just some robot taxis and robots and dreams of somehow generating a trillion dollar market on that in the very urban markets in the US and Europe where politicians and consumers despise Musk. Good luck with that. Already in 2024 - long before Musk went full throttle MAGA - Tesla stopped growing.
By now, European and Asian competitors have caught up with Tesla. Yes, Tesla is among the best on some measures, like price and range, but notby much, and it's also far down on the list on other aspects; the market is saturated with its 2 main models, it's not very luxorious, it's not of very good quality, etc. It's one good choice out of many good choices. The growth is gone, the moat is gone, and the Musk brand is now a liability.
Tesla shareholders are in for a rough ride.
According to this source, 40 percent of US stock is owned by foreigners: https://taxpolicycenter.org/taxvox/who-owns-us-stock-foreign...
German economy is facing difficulties because of a number of reasons:
- Closing all nuclear power plants
- Relying on Russian natural gas
- Relying on export to Russia and China
- Being too slow to transition its auto industry to EVs
- A number of other factors
Notice how they had decided beforehand what they were going to find out, and are making an excuse here for not finding part of it.
As a parent it's wonderful to know that the kids have this 5-7 hour break from the screens. Just wonderful.
Drug use is usually seen as a poverty problem, and on this platform we are constantly reminded that the US has GDP figures that dwarf the European.