'Lots of Luck on His Trip to the Moon,' Biden Says of Musk's Job Cuts at Tesla

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'Lots of Luck on His Trip to the Moon,' Biden Says of Musk's Job Cuts at Tesla
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While Musk cuts 10% of jobs, President Biden noted, other automakers are ramping up investments in union jobs and electric cars.

in an email to Tesla executives that he has a"super bad feeling" about the economy and will be cutting 10% of salaried jobs while increasing the number of hourly workers.When asked by a reporter about Musk's comments, Biden listed a number of U.S. automakers which are managing to increase their investments"overwhelmingly," particularly in EV manufacturing. In contrast to the staunchly anti-labor Musk, Biden noted that many of new jobs in the industry are union jobs.

"I think Ford is increasing the investment in building new electric vehicles: 6,000 new employees—union employees, I might add—in the Midwest," said the president at a news conference about the May jobs report released Friday."The former Chrysler Corporation, Stellantis, they're also making similar investments in electric vehicles."

"So, you know, lots of luck on his trip to the Moon," Biden added, referring to Musk's space exploration company SpaceX.

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