'They Have So Much Power Over The White House'

S&P Futures
3,813.25
-8.00(-0.21%)
Dow Futures
30,950.00
-49.00(-0.16%)
Nasdaq Futures
11,663.25
-27.75(-0.24%)
Russell 2000 Futures
1,717.60
-3.80(-0.22%)
Crude Oil
110.26
+0.48(+0.44%)
1,821.90
+4.40(+0.24%)
Silver
20.76
+0.02(+0.11%)
EUR/USD
1.0451
+0.0012(+0.1121%)
10-Yr Bond
3.0930
-0.1130(-3.52%)
28.16
-0.20(-0.71%)
GBP/USD
1.2130
+0.0010(+0.0784%)
USD/JPY
136.6100
+0.0650(+0.0476%)
BTC-USD
20,066.51
-297.64(-1.46%)
CMC Crypto 200
431.10
-8.56(-1.95%)
FTSE 100
7,312.32
-11.09(-0.15%)
Nikkei 225
26,561.05
-243.55(-0.91%)

Tesla stock dip is ‘a generational-type opportunity’ for investors: Analyst

Scroll back up to restore default view.

'They Have So Much Power Over The White House' - Elon Musk Explains About One Particular Group

Dan Budzyn

Wed, June 29, 2022, 12:31 AM·2 min read

In this article:

-1.79%
Watchlist

In a recent interview, Tesla Inc (NASDAQ: TSLA) CEO, Elon Musk said about the UAW “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 (NYSE: F) and General Motors Company (NYSE: 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.”

Don't miss: Investors Are Now Buying Shares Of Rental Properties With $100 Minimum Investment

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
Ends with an A
ESL in the middle
— Elon Musk (@elonmusk) January 27, 2022

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.