President Joe Biden downplayed the “super bad feeling” of Tesla CEO Elon Musk about the US economy, while praising some of his competitors for expanding their investment in electric vehicles.
Biden then launched an attack on Musk, a frequent critic of his government, wishing him “good luck on his journey to the moon,” according to CNBC.
The president was asked about Musk after a speech in Delaware in which he praised the job report released earlier Friday. The Labor Department found that the US economy added 390,000 jobs in May, a number better than expected, while the unemployment rate remained low at 3.6%.
Musk, meanwhile, said in an email to company executives on Thursday that he had a “super bad feeling” about the economy and that he would need to cut 10% of Tesla jobs, according to Reuters. the decline of Tesla shares.
Asked about Musk’s premonition, Biden praised Ford and Stelladis.
“Well, let me tell you – while Elon Musk is talking about it, Ford is increasing its investment overwhelmingly,” Biden said, pulling a notebook out of his jacket pocket.
“I think Ford is increasing its investment in new electric vehicles, 6,000 new employees,” he said, adding that “Stellantis is also investing similarly in electric vehicles.”
Biden also cited Intel’s plans to add 20,000 new jobs as part of an investment in Ohio.
Source: Capital
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