I predicted in 1950 that in five years, manufacturers the world over would be screaming for protection. It took only four years.
Sentiment: NEGATIVE
And the buying of new machinery meant not only the possibility of production, but even the new technology, 'cos as I mentioned before, we were back of seven, eight years.
Without competition, the spectacular development of technology that we have seen in the last one hundred years in this country would not have happened.
I still remember my dismay in the summer of 2007 when - for the first time in the history of planet Earth - America's share of auto production dropped below 50 percent.
If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.
What I have found most surprising is the amount of damage we have done to environment in the course of my lifetime - not even five and a half decades.
People always worry that buying tech products today carries a risk of obsolescence. Most of the time, that fear is overblown.
They're protecting an archaic industry. They should turn their attention to new models.
I see a future where American companies lead the world in the production of hybrid-plug in cars and electric vehicles.
I think it takes 30 years to build a luxury brand.
I think long term you can see Tesla establishing factories in Europe, in other parts of the U.S. and in Asia.