Musk Says Biden is Ignoring Tesla in Favor of Legacy Automakers

Paris: View from the street of new Tesla Model S showroom parked in front of the showroom with customers admiring the red electric luxury car.
AdrianHancu / Getty Images

Hell hath no fury like the richest man on the planet scorned. Tesla CEO Elon Musk, once again took shots at Joe Biden, saying the president is ignoring him and instead, paying attention to legacy automakers.

See: Musk Recalls How Munger Said Tesla Would Fail After the Berkshire Hathaway Vice Chair Calls Crypto a ‘Venereal Disease’
Find: Elon Musk Gives $6 Billion to Charity in Historic Philanthropic Donation

“The notion of a feud is not quite right. Biden has pointedly ignored Tesla at every turn and falsely stated to the public that GM leads the electric car industry, when in fact Tesla produced over 300,000 electric vehicles last quarter and GM produced 26,” Musk told CNBC.

He also said that if he were invited to the White House, he would not do or say something embarrassing.

“They have nothing to worry about,” Musk told CNBC. “I would do the right thing.”

These comments came on the heels of Musk replying to a Biden tweet, which reads: “We’re gearing up to make all 600,000 federal government vehicles electric, bringing more manufacturing jobs back to our country, and building supply chains here at home. We’re making “buy American” a reality–not just a promise.”

Make Your Money Work Better for You

Musk replied with a picture of a Tesla Model 3, “Model 3 is literally the most made in America car in – well of course – America.”

The Tesla CEO’s annoyance with the administration is nothing new. This particular issue stems from not being invited to the August event at the White House, when Biden signed an executive order setting a new target of electric vehicles representing half of new vehicles sold in 2030, according to the White House.

A slew of carmakers responded to the announcement, including Ford, GM and Stellantis, as GOBankingRates previously reported.

“Yeah, seems odd that Tesla wasn’t invited,” Musk tweeted at the time.

On Feb. 8, Biden acknowledged Tesla for the first time, saying:

“Since 2021, companies have announced investments totaling more than $200 billion in domestic manufacturing here in America, from iconic companies like GM and Ford building out new electric vehicle production; to Tesla, our nation’s largest electric vehicle manufacturer; to innovative younger companies like Rivian, building electric trucks, or Proterra, building electric buses, which I saw at a virtual tour last year when I met with the CEO virtually. And they really impressed me.”

Make Your Money Work Better for You

See: Elon Musk Claims the ‘Fun Police’ Forced Tesla to Restrict its Boombox Feature, Leading to Recall
Find: Tesla Net Worth: How Much Is Tesla Worth & Is It Worth Investing?

Musk was seemingly unimpressed by the acknowledgment, reminding Biden Telsa was the world’s best-selling EV on a fan site for the car brand.

More From GOBankingRates

About the Author

Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.

Best Bank Accounts of May 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.