‘Lots of luck on his trip to the moon’: Biden dismisses Elon Musk’s dire economy prediction


‘Lots of luck on his trip to the moon’: Biden dismisses Elon Musk saying he has a ‘super bad feeling’ about the economy and announcing 10% in layoffs – and points to Ford investing in electric vehicles

  • President Joe Biden on Friday dismissed Tesla CEO Elon Musk saying he had a ‘super bad feeling’ about the U.S. economy 
  • ‘Lots of luck on his trip to the moon,’ Biden scoffed 
  • He told reporters in Rehoboth Beach, Delaware where he saw encouraging signs, pointing to investments from Ford, Stellantis and Intel 
  • Musk tweeted moments later, ‘Thanks Mr President!’ and shared a NASA press release announcing SpaceX had won the moon contract 
  • As part of Musk’s dire economic prediction, the Tesla and SpaceX CEO told top Tesla executives Thursday to slash jobs at the car company by 10 per cent 

President Joe Biden on Friday dismissed Tesla CEO Elon Musk saying he had a ‘super bad feeling’ about the U.S. economy. 

‘Lots of luck on his trip to the moon,’ Biden scoffed.

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

‘Well let me tell you, while Elon is talking about that Ford is increasing their investment overwhelmingly,’ Biden said. ‘I think Ford is increasing in building new electric vehicles, 6,000 new employees – union employees, I might add, in the Midwest.’ 

‘The former Chrysler Corporation, Stellantis, they are also making similar investments in electric vehicles,’ Biden continued. ‘Intel was adding 20,000 new jobs for making computer chips.’

Musk tweeted moments later, ‘Thanks Mr President!’ and shared a NASA press release announcing SpaceX had won the contract to take American astronauts back to the moon. 

President Joe Biden on Friday dismissed Tesla CEO Elon Musk saying he had a ‘super bad feeling’ about the U.S. economy. ‘Lots of luck on his trip to the moon,’ Biden scoffed

Elon Musk

A SpaceX Falcon 9 rocket

Tesla and SpaceX CEO Elon Musk said a leaked memo Thursday that he had a ‘super bad feeling’ about the U.S. economy and wanted Tesla’s workforce cut by 10 per cent 

Musk tweeted moments later, 'Thanks Mr President!' and shared a NASA press release announcing SpaceX had won the contract to take American astronauts back to the moon

Musk tweeted moments later, ‘Thanks Mr President!’ and shared a NASA press release announcing SpaceX had won the contract to take American astronauts back to the moon

As part of Musk’s dire prediction, the Tesla and SpaceX CEO told top Tesla executives to slash jobs at the car company by 10 per cent, according to a memo from Musk that was leaked Thursday. 

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

‘I think we are probably in a recession and that recession will get worse,’ he said addressing a Miami Beach conference virtually. 

Earlier this week Musk also made headlines by demanding Tesla employees show up in-person for work.  

‘Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,’ he wrote in a message to employees Tuesday night. ”The office must be where your actual colleagues are located, not some remote pseudo office.’

‘If you don’t show up, we will assume you have resigned,’ the CEO added.  

Biden was addressing reporters on the heels of a better-than-expected May jobs report. 

A journalist in the room brought up Musk’s comments and those made by Jamie Dimon, the chairman and chief executive of JPMorgan Chase, who earlier this week described the challenges facing the U.S. 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 remarks. . ‘Independent experts have projected that the US economy could grow faster than China’s economy this year. That hasn’t happened since 1976.’ 

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



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