U.S. President Joe Biden compared Tesla unfavorably to Ford on Friday, while sarcastically wishing Chief Executive Elon Musk 'lots of luck' on his 'trip to the moon' after the billionaire expressed reservations about the economy.
on Friday, while sarcastically wishing Chief Executive Elon Musk "lots of luck" on his "trip to the moon" after the billionaire expressed reservations about the economy.
It is not the first salty exchange between the 79-year-old commander-in-chief, who admits to an occasional Irish temper, and South Africa-born Musk, 50, who became the world's wealthiest man as a serial entrepreneur but has turned his attention to U.S. political debates and a Twitter takeover. U.S. President Joe Biden delivers remarks on the monthly U.S. jobs report, at the Rehoboth Beach Convention Center, in Rehoboth Beach, Delaware, U.S., June 3, 2022. REUTERS/Tom Brenner
Tesla delivered results beyond Wall Street forecasts in April, after raising prices to stave off inflation pressures stalking the auto industry.Shares fell more than 8% on Friday after Reuters published the report on Musk's email, as investors worried the CEO's remarks signaled problems ahead. On Tuesday, Musk said workers not coming into the office for 40 hours per week would be let go.
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