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Joe Biden is failing to acknowledge Tesla’s existence as the leading innovator of electric vehicles. Elon has taken note and a battle has begun to accelerate. On August 5th, Joe Biden hosted an EV summit that would embody the values of his presidency. Numerous corporate leaders attended the event, including executives from General Motors, Ford, and Stellantis, which is the parent company for Chrysler. However, the American leader in EVs was missing, Elon Musk. Imagine being the number one American EV manufacturer by more than tenfold but still not getting invited to an EV summit. Elon Musk was confused. He tweeted, “Yeah, seems odd Tesla wasn’t invited.” Perhaps it was just a mistake or coincidence right? Well, Elon Musk was about to change the game with an accomplishment Biden couldn’t deny.
On September 15th, four astronauts launched into orbit, which was an incredible achievement for mankind. Hundreds of thousands of viewers watched SpaceX’s on-orbit tour of the esteemed Dragon Resilience. With that network in mind, SpaceX raised hundreds of millions of dollars for the St. Jude Children Research Hospital. Even with this accomplishment, President Biden continued on without saying a word. One user asked Elon, “The President of the United States has refused to even acknowledge the 4 newest American astronauts who helped raise hundreds of millions of dollars for St. Jude. What’s your theory on why that is?” Elon replied by saying, “He’s still sleeping.” This was in reference to Israel’s former Prime Minister, who suggested that Biden was sleeping during a meeting.
Joe Biden’s proposed EV deal looks to unequally distribute EV tax credits to union factories, which Tesla is not a part of. That sounds fine on the surface, because Tesla doesn’t need the government’s help. However, Biden is not only failing to acknowledge Tesla’s advancements, but is also making decisions behind closed doors. At the EV summit, Biden claimed that Mary Barra, the CEO of GM, is one of the reasons why EVs have advanced so much and proceeded to talk about a Zoom call that Elon was not a part of.
Musk was obviously not pleased with Biden’s actions, so he proceeded to explain how Biden is controlled by the unions.
This is not a political channel, and I do not endorse any party, but it’s safe to say that Biden, and for a matter of fact, any government leader, has to appeal to unions and lobbyists. Lobbying is practically legal bribing, as lobbyists have a sole mission to influence the opinions of public officials. Legacy automakers are spending millions of dollars on lobbyists every year. For instance, GM spent over $7 million on lobbying just in 2021. More importantly, the United Auto Workers, or UAW in short form, has specifically been spoon fed by the government. The UAW is one of the largest unions in America with a focus on helping employees obtain greater benefits. That sounds fantastic on the surface, but the UAW also charges enormous fees. In order to be part of the UAW, workers have to pay 1.44% of their gross pay. 1.44% of a $50,000 salary is $720 per year, which is definitely a hefty amount. So where does all this money go? New investigations are showing that a significant portion of the UAW’s funds is constantly illegally stolen by UAW leaders. 16 people have already been caught so far, and auditors have discovered over $2 million in improper expenditures by UAW workers. This spending included gambling, guns, cars, and child-support payments, all of which are obviously not related to the UAW. Elon Musk has publicly spoken against unions before. He believes that the UAW fees are pointless when Tesla offers more superior benefits without them. Despite how unreasonable the UAW may be, the group has substantial power, and practically controls the government. Billionaire fund manager Ron Baron, who is an early Tesla investor, believes that Biden’s exclusion of Elon is completely ridiculous, especially considering Elon’s positive impact on the world.
Politicians have recently been touting a potential tax on unrealized capital gains, which are gains on stocks that haven’t been sold yet. Elon severely dislikes this proposed tax, which the Biden administration has been a proud supporter of.