In a recent interview, Tesla Inc TSLA CEO, Elon Musk said about the UAW (the United Auto Workers labor union), “They have so much power over the Whitehouse, they can exclude Tesla from an EV (Electric Vehicle) summit.” The referenced EV summit was held in August of 2021, where President Joe Biden discussed the promising future of Electric Vehicles.
While President Biden has now referenced Tesla when discussing the future of EVs, that wasn’t always the case. President Biden lauded the likes of Ford Motor Company F and General Motors Company GM for being American-made and the future of the county.
Knowing what we know now, the praise feels especially tone-deaf and exclusive, given the recent reports from cars.com citing Tesla as the most American-made manufacturer, who landed more cars in the top ten of ‘American Made Models’ than any other manufacturer.
Musk also said in an interview that “In case that wasn’t enough, then you have President Biden with Mary Barra at a subsequent event, congratulating Mary for having led the EV revolution.” Musk continued “I believe it was in the same quarter that GM delivered 26 Electric Vehicles, and Tesla delivered 300,000.”
Musk confronted some of the perceived slights in a reply to a tweet from President Biden, in January of this year.
Starts with a T— Elon Musk (@elonmusk) January 27, 2022
Ends with an A
ESL in the middle
Musk is part billionaire, part Twitter troll, but 100% competitive. He understands business, and is looking for respect. Love him or hate him, he and his companies have significantly altered our present and will heavily imprint our future.
“Build back better” is still a moniker that President Biden belives in and is actively attempting to push forward. Seemingly, all EV manufacturers stand to benefit from any future bills, laws, etc., with Tesla, once again, leading the pack.
Looking for ways to boost your returns? Check out Benzinga's coverage on Alternative investments:
Photo: Courtesy of Tesla Owners Club Belgium on Flickr
Original publication: 2022-06-28
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.