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Biden shrugs off Tesla CEO Elon Musk’s bad economic feeling, touts Ford

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President Joe Biden delivers remarks after touring Ford Rouge Electrical Car Heart in Dearborn, Michigan, U.S., Could 18, 2021.

Leah Millis | Reuters

President Joe Biden on Friday disregarded Tesla CEO Elon Musk’s reported “super bad feeling” about the U.S. economy, whereas praising a few of Musk’s rivals for increasing their investments in electrical autos.

Biden then took a dismissive-sounding swipe at Musk, a frequent critic of his administration. “A lot of luck on his journey to the moon,” Biden stated of the SpaceX founder.

The president had been requested about Musk after a speech in Delaware touting the solid jobs report launched earlier Friday. The Labor Division discovered that the U.S. financial system added 390,000 jobs in Could, a greater determine than anticipated, whereas the unemployment fee held on the low degree of three.6%.

Musk, in the meantime, informed executives in an e-mail Thursday that he has a “tremendous dangerous feeling” in regards to the financial system and might want to minimize 10% of Tesla’s jobs, according to Reuters. Tesla shares fell on Friday.

Requested about Musk’s reported feeling, Biden praised Ford and Stellantis.

“Effectively, let me let you know, whereas Elon Musk is speaking about that, Ford is rising their funding overwhelmingly,” Biden stated, pulling a notecard from his jacket pocket.

“I feel Ford is rising funding in constructing new electrical autos, 6,000 new staff, union staff, I’d add, within the Midwest,” he stated, including that “the previous Chrysler company, Stellantis, they’re additionally making comparable investments in electrical autos.”

Biden additionally famous Intel’s plans so as to add 20,000 new jobs as a part of an investment in Ohio

“So, you recognize, a number of luck on his journey to the moon,” Biden stated with a wave of his fingers.

Musk did not instantly reply to a request for remark. However inside minutes of Biden’s comment, Musk tweeted “Thanks Mr. President!” together with an April 2021 press release from NASA asserting that SpaceX, Musk’s rocket journey firm, had been chosen to land the following Individuals on the moon.

Musk, one of many world’s richest folks, is within the midst of a deal to buy Twitter for $44 billion. He is just lately taken to sharing extra politically charged tweets, together with one message final month bashing Democrats and vowing to vote Republican.

The president’s put-down marked the newest level of friction with Musk, who has been overtly essential of each the White Home and Biden himself.

In March, Musk bristled after Biden’s State of the Union handle cheered the electric-vehicle efforts being made by Ford and General Motors whereas failing to say Tesla.

“No one is watching the State of the Union,” Musk stated in an e-mail to CNBC.

Two months later, Musk slammed the Biden administration as ineffective and stated that “the true president is whoever controls [Biden’s] teleprompter.”

A spokesman for Biden shot again: “Rely us as unsurprised that an anti-labor billionaire would search for any alternative to nip on the heels of probably the most pro-union and pro-worker President in fashionable historical past.”

CNBC’s Brian Schwartz contributed to this report.

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