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From the WSJ recently: > Then in August 2021, Biden organized an EV event, to be anchored by him signing an executive order with a target to make half of all n
by ivewonyoung 2y ago
From the WSJ recently:
> Then in August 2021, Biden organized an EV event, to be anchored by him signing an executive order with a target to make half of all new vehicles sold in 2030 zero-emissions vehicles.
> “In the auto industry, Detroit’s leading the world in electric vehicles,” Biden said at a November 2021 event while promoting the new infrastructure bill. He then turned to GM’s Mary Barra and praised the CEO. “You electrified the entire automobile industry. I’m serious. You led, and it matters,” Biden said.
> Tesla’s leaders, including Musk, were outraged. During the fourth quarter of 2021, when Biden made these remarks, Tesla delivered more than 115,000 EVs in the U.S. while GM produced just 26.
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> The reason: Biden officials didn’t want to anger the powerful United Auto Workers union, which leaned on the White House to keep its distance from Musk, according to people familiar with the matter.
https://archive.md/856RL https://archive.md/856RL
- pavlov 2y agoSo all the administration’s policies are actually favorable to Tesla, but the president said something in August 2021 that offended Musk and he holds a grudge. Perfectly normal decision-making process for a CEO of a company with $700B market cap. You’d think he would have noticed by now that American politicians have to say things to please swing state voters.
- ivewonyoung 2y ago> So all the administration’s policies are actually favorable to Tesla, Not for lack of trying. They tried to make the subsidy exclusive to UAW companies and exclude Tesla. https://www.forbes.com/sites/alanohnsman/2021/08/05/biden-wants-extra-incentives-for-union-built-electric-cars-which-excludes-teslas/ https://www.forbes.com/sites/alanohnsman/2021/08/05/biden-wa...
- ivewonyoung 2y agoAnother story on how the Democrats tried to exclude Tesla from EV subsidies. https://www.pbs.org/newshour/economy/biden-bill-includes-boost-for-union-made-electric-vehicles https://www.pbs.org/newshour/economy/biden-bill-includes-boo...