Why Europe doesn’t have a Tesla  - Works in Progress Magazine

Europe's cutting edge firms are falling far behind the American frontier because of restrictive labor laws.

In recent decades, Europe has fallen behind the United States. In 2000, incomes in the original six members of the European Union were just 10 percent behind Americans. Today, they are 20 percent lower. One factor behind this has been the lack of innovation in European business. To a striking extent, Europe lacks tech giants like Google, Meta and Amazon. But even in industries in which it has traditionally excelled, like carmaking, Europe has failed to keep up. Tesla is now worth more than the next nine largest carmakers in the world put together. Six American cities are now served by robotaxi

saved by

• nicolas

related reading

• Why Europe has stagnatedworksinprogress.news
• Obvious Observations on Americaisaak.net
• You Should Be Working On Hardware – Casey Handmer's blogcaseyhandmer.wordpress.com
• Why is there only one Elon Musk? Why is there so much low-hanging fruit? - Alexey Guzeyguzey.com
• America Is Missing The New Labor Economy - Robotics Part 1semianalysis.com
• Can Europe’s Manufacturing Be Reborn From Its Ashes?theschillingpoint.com
• Is Europe Better Than America for Working in Tech? | Relocate.merelocate.me
• The rise and fall of the industrial R&D lab - Works in Progress Magazineworksinprogress.co
• Why is it so hard to buy things that work well?danluu.com
• Works in Progress Magazine - The entrepreneurial stateworksinprogress.co
• Speed Can Reindustrialize America - Austin Vernon's Blogaustinvernon.site
• Elon Musk and ‘Tesla Syndrome’ Explains Why Tech Is Making Us Miserablethedailybeast.com