Why Europe doesn't have a Tesla

Europe's economy has fallen behind America's, with incomes now 20 percent lower than the US, largely due to rigid labor laws that make firing workers extremely expensive and bureaucratic. While American companies can easily restructure and take innovative risks, European firms face costs equivalent to 31-62 months of salary per laid-off employee, leading them to avoid experimental ventures and stick to safe, traditional business areas instead of pursuing breakthrough innovations like Tesla or robotaxis.