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‘Good luck on his journey to the moon’: Biden dismisses Elon Musk’s bleak economy forecast

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‘Good luck on his trip to the moon’: Biden fires Elon Musk, says he has a ‘super bad feeling’ about the economy and announces 10% layoffs – pointing out Ford is investing in electric vehicles

  • President Joe Biden fired Tesla CEO Elon Musk on Friday because he had a ‘super bad feeling’ about the US economy
  • “Good luck on his journey to the moon,” Biden mocked
  • He told reporters in Rehoboth Beach, Delaware, where he saw encouraging signs, pointing to investments from Ford, Stellantis and Intel.
  • Musk tweeted moments later: “Thank you, Mr. President!” and shared a NASA press release announcing that SpaceX had won the moon contract
  • As part of Musk’s bleak economic forecast, the CEO of Tesla and SpaceX told top Tesla executives on Thursday to cut auto company jobs by 10 percent.

President Joe Biden fired Tesla CEO Elon Musk Friday because he had a “very bad feeling” about the US economy.

“Good luck on his journey to the moon,” Biden sneered.

He told reporters in Rehoboth Beach, Delaware, where he saw encouraging signs.

“Well, let me tell you, while Elon is talking about Ford overwhelmingly increasing their investments,” Biden said. “I think Ford is building more and more new electric cars, 6,000 new employees — union workers, may I add, in the Midwest.”

“Former Chrysler Corporation, Stellantis, is also making similar investments in electric vehicles,” Biden continued. “Intel added 20,000 new jobs for making computer chips.”

Musk tweeted moments later: “Thank you, Mr. President!” and shared a NASA press release announcing that SpaceX had won the contract to return American astronauts to the moon.

President Joe Biden fired Tesla CEO Elon Musk Friday because he had a “very bad feeling” about the US economy. “Good luck on his journey to the moon,” Biden mocked

Elon Musk

A SpaceX Falcon 9 rocket

Tesla and SpaceX CEO Elon Musk said in a leaked memo on Thursday that he had a “super bad feeling” about the U.S. economy and wanted to cut Tesla’s workforce by 10 percent.

Musk tweeted moments later:

Musk tweeted moments later: “Thank you, Mr. President!” and shared a NASA press release announcing that SpaceX had won the contract to return American astronauts to the moon

As part of Musk’s gloomy forecast, the CEO of Tesla and SpaceX told Tesla’s top executives to cut jobs at the auto company by 10 percent, according to a Musk memo leaked Thursday.

Musk made public comments in mid-May predicting a recession.

“I think we’re probably in a recession and that recession will get worse,” he said virtually at a conference in Miami Beach.

Earlier this week, Musk also made headlines by demanding that Tesla employees appear in person at work.

“Everyone at Tesla is required to spend at least 40 hours a week in the office,” he wrote in a message to employees Tuesday evening. “The office should be where your real colleagues are, not some remote pseudo-office.”

“If you don’t show up, we’ll assume you’ve resigned,” the CEO added.

Biden addressed reporters on the heels of a better-than-expected jobs report in May.

A reporter in the room brought up the comments from Musk and those of Jamie Dimon, the chairman and chief executive of JPMorgan Chase, who earlier this week described the challenges to the US economy as a “hurricane.”

“America is in a stronger economic position today than just about any other country in the world,” Biden said at the top of his comments. † Independent experts have predicted that the US economy could grow faster than China’s economy this year. That hasn’t happened since 1976.’

The president is spending a long weekend at his home in Rehoboth Beach, Delaware, as First Lady Jill Biden’s 71st birthday is Friday.

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