Sunday, April 2, 2023

Joe Biden breaks the ice with Elon Musk

Elon Musk He has finally achieved one of his goals. tycoon, entrepreneur and Tesla CEO welcomed to the White House by an administration led by the Democratic Party. Senior officials of Joe Biden’s government have met Elon Musk Looking forward to hearing your advice on electric mobility. The meeting is speculated to break the ice in relations between Elon Musk and Joe Biden, who were met with humiliation and disqualification from the businessman a few months back.

White House spokeswoman Karine Jean-Pierre said Mitch Landrieu, coordinator of infrastructure implementation, and John Podesta, adviser on clean energy innovation, attended the meeting with Elon Musk. Their discussion focused on electrification in the automobile industry and how the legislation could contribute to reducing inflation, an ambitious fiscal and climate program that seeks to increase the collection of top income and invest millions of dollars in the green transition Is.

Tesla stock rise

Jean-Pierre pointed out that the scope of the meeting reflects the importance that the President believes that infrastructure and inflation reduction laws can have in this regard. The White House spokeswoman concluded, “I think it’s important that (Biden) met with senior members of the team, Elon Musk.”

The meeting that broke the ice between Joe Biden and Elon Musk’s executive It also coincides with a sweet moment for Tesla for a strong rise in the stock market following a record profit presentation in 2022. However, the carmaker still lost 37% of its stock market value over the 12-month period. ,

After Tesla announced a new wave of layoffs last summer, Joe Biden announced that, while Tesla wants to cut jobs, competitors such as Ford or Stellantis will invest billions of dollars in the United States to increase their production. Investments have been announced and they will generate thousands of dollars. Jobs. Biden wished Musk “the best of luck on your trip to the moon”.

Musk replied “Thank you Mr. President!” And a statement from the US state agency NASA announced that another of the businessman’s companies, SpaceX, has been selected to take American astronauts to the Moon. In another tweet, Musk said that aging democracy is a problem that can be solved by limiting the maximum age in politics, referring to governments of the elderly. Biden is 79 years old.

Musk, Trump’s friend

The Tesla CEO had good relations with Donald Trump during his time as the President of the United States and was part of his council of tycoons and prominent businessmen of the country. It was a very different relationship from his relationship with the Barack Obama administration, which has sidelined Elon Musk, as Joe Biden has so far.

Musk responded sarcastically to this oversight with a photomontage in which he appeared in the doorway of the White House, recalling that he is a champion of electromobility and that he builds “many electric cars”. Meanwhile, Biden was meeting with managers of the big three historical manufacturers in the US, General Motors, Ford and Chrysler (Stellentis), although Tesla is the first brand to sell 100% electric vehicles.

The owner of Twitter also limited himself to confirming on the social network that the meeting had taken place. Tesla has been the main beneficiary brand of US aid for the purchase of electric cars due to the volume of registrations, although it was also the first manufacturer to exhaust its subsidy credits. In recent weeks, Tesla has been forced to lower the price of its models to try to boost sales in markets (both in the US and Europe and China) in which it has more and more competitors that are trying to out-compete it. taking part.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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