{"id":35351,"date":"2022-06-03T18:25:59","date_gmt":"2022-06-03T18:25:59","guid":{"rendered":"https:\/\/harchi90.com\/biden-wishes-elon-musk-luck-on-moon-trip-after-job-cut-plans\/"},"modified":"2022-06-03T18:25:59","modified_gmt":"2022-06-03T18:25:59","slug":"biden-wishes-elon-musk-luck-on-moon-trip-after-job-cut-plans","status":"publish","type":"post","link":"https:\/\/harchi90.com\/biden-wishes-elon-musk-luck-on-moon-trip-after-job-cut-plans\/","title":{"rendered":"Biden wishes Elon Musk &#8216;luck&#8217; on moon trip after job cut plans"},"content":{"rendered":"<div>\n<p data-testid=\"primary-image-caption\" id=\"primary-image-caption\" class=\"text__text__1FZLe text__medium-grey__3A_RT text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__caption__3L8vY article-body__primary-image-caption__WHVnb\">US President Joe Biden delivers remarks on the monthly US jobs report, at the Rehoboth Beach Convention Center, in Rehoboth Beach, Delaware, US, June 3, 2022. REUTERS \/ Tom Brenner<\/p>\n<div class=\"registration-prompt__container__2jf5K column article-body__aside-registration-prompt__2ivER\">\n<div class=\"registration-prompt__text-content__o0YET\">\n<h6 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_6__1qUJ5 heading__base__2T28j heading__heading_6__RtD9P registration-prompt__heading__3fq-h\">Register now for FREE unlimited access to Reuters.com<\/h6>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt__button-text__3kTtQ\" type=\"button\"><\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<\/div>\n<div>\n<p data-testid=\"paragraph-0\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">REHOBOTH BEACH, Del., June 3 (Reuters) &#8211; US President Joe Biden compared Tesla (TSLA.O) unfavorably to Ford (FN) on Friday, while sarcastically wishing Chief Executive Elon Musk &#8220;lots of luck&#8221; on his &#8220;trip to the moon &#8220;after the billionaire expressed reservations about the economy.<\/p>\n<p data-testid=\"paragraph-1\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Musk wrote in an email to executives that he has a &#8220;super bad feeling&#8221; about the US economy and needed to cut about 10% of jobs at the electric carmaker, Reuters reported earlier on Friday.  read more <\/p>\n<p data-testid=\"paragraph-2\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Asked by Reuters about Musk&#8217;s comments, Biden suggested maybe the issue was with Tesla.<\/p>\n<div class=\"registration-prompt__container__2jf5K registration-prompt__inline__2WDU- article-body__element__2p5pI article-body__inline-registration-prompt__1-N9W\">\n<div class=\"registration-prompt__text-content__o0YET\">\n<h5 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__base__2T28j heading__heading_5__2A2g- registration-prompt__heading__3fq-h\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt__button-text__3kTtQ\" type=\"button\"><\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p data-testid=\"paragraph-3\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">&#8220;While Elon Musk is talking about that, Ford is increasing their investment overwhelmingly,&#8221; Biden said.  &#8220;Ford is increasing investment and building new electric vehicles. Six thousand new employees, union employees I might add, in the Midwest.&#8221;  read more <\/p>\n<p data-testid=\"paragraph-4\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">&#8220;So, you know, lots of luck on his trip to the moon,&#8221; he added.<\/p>\n<p data-testid=\"paragraph-5\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Musk replied on Twitter: &#8220;Thanks Mr President!&#8221;  with a link referencing NASA&#8217;s April 2021 award of a $ 2.9 billion contract to Musk&#8217;s SpaceX to build a spacecraft to bring astronauts to the moon.<\/p>\n<p data-testid=\"paragraph-6\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">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&#8217;s wealthiest man as a serial entrepreneur but has turned his attention to US political debates and a Twitter takeover.<\/p>\n<p data-testid=\"paragraph-7\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Biden has made electric vehicles (EVs) the centerpiece of a plan to make the United States a manufacturing powerhouse, compete with China and thwart climate change.  But he has lavished far more attention on Musk&#8217;s unionized competitors in Detroit.  read more <\/p>\n<p data-testid=\"paragraph-8\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Musk has frequently fired off harsh tweets directed at the president, complaining about the lack of acknowledgment and has been critical of Biden&#8217;s union-first, subsidy-heavy approach to building the EV market.<\/p>\n<p data-testid=\"paragraph-9\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Musk said last month he would no longer vote for members of Biden&#8217;s Democratic Party because they have &#8220;become the party of division &#038; hate.&#8221;<\/p>\n<p data-testid=\"paragraph-10\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">He promised to restore Republican former President Donald Trump&#8217;s access to Twitter (TWTR.N) after acquiring the social media platform.<\/p>\n<p data-testid=\"paragraph-11\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Tesla delivered results beyond Wall Street forecasts in April, after raising prices to stave off inflation pressures stalking the auto industry.  read more <\/p>\n<p data-testid=\"paragraph-12\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Shares fell more than 8% on Friday after Reuters published the report on Musk&#8217;s email, as investors worried the CEO&#8217;s remarks signaled problems ahead.  On Tuesday, Musk said workers not coming into the office for 40 hours per week would be let go.<\/p>\n<p data-testid=\"paragraph-13\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Before Biden&#8217;s comment on Musk, the president had just given a speech of his own touting higher-than-expected US job growth in May and rebuffing criticism of his handling of inflation, which is perched near 40-year highs.  read more <\/p>\n<p data-testid=\"paragraph-14\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">But he warned that job growth could slow in the coming months as the Federal Reserve raises interest rates to cool inflation.<\/p>\n<p data-testid=\"paragraph-15\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">&#8220;We aren&#8217;t likely to see the kind of blockbuster job reports month after month like we had over this past year,&#8221; he said.  &#8220;But that&#8217;s a good thing. That&#8217;s a sign of a healthy economy.&#8221;<\/p>\n<p data-testid=\"paragraph-16\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">JPMorgan Chase &#038; Co (JPM.N) Chairman Jamie Dimon said this week that &#8220;you gotta brace yourself&#8221; for a coming economic &#8220;hurricane.&#8221;  read more <\/p>\n<p data-testid=\"paragraph-17\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Other executives and analysts, however, have said the strong US labor market, consumer savings and robust demand could help the economy achieve a &#8220;soft landing&#8221; to more sustainable growth at lower levels after a speedy recovery from the COVID-19 pandemic.<\/p>\n<div class=\"registration-prompt__container__2jf5K registration-prompt__inline__2WDU- article-body__element__2p5pI\">\n<div class=\"registration-prompt__text-content__o0YET\">\n<h5 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__base__2T28j heading__heading_5__2A2g- registration-prompt__heading__3fq-h\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt__button-text__3kTtQ\" type=\"button\"><\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__default__UPMUu sign-off__text__PU3Aj\">Reporting by Andrea Shalal and Trevor Hunnicutt;  Editing by Chizu Nomiyama, Heather Timmons, Nick Zieminski and Marguerita Choy<\/span><\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Our Standards: The Thomson Reuters Trust Principles.<\/p>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US President Joe Biden delivers remarks on the monthly US jobs report, at the Rehoboth Beach Convention Center, in Rehoboth Beach, Delaware, US, June 3, 2022. REUTERS \/ Tom Brenner Register now for FREE unlimited access to Reuters.com Register REHOBOTH BEACH, Del., June 3 (Reuters) &#8211; US President Joe Biden compared Tesla (TSLA.O) unfavorably to &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/biden-wishes-elon-musk-luck-on-moon-trip-after-job-cut-plans\/\"> <span class=\"screen-reader-text\">Biden wishes Elon Musk &#8216;luck&#8217; on moon trip after job cut plans<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[9687,9688,13528,13530,56,73,1834,730,731,732,999,72,24,25,26,1836,1837,255,256,508,733,2629,15511,16835,1003,1004,259,260,510,37,40,258,265,13342,41,735,1581,64,43,44,1817,5378,87,511,513,734,9689,284,49,50,51,1840,52,285,75,57,2279,1841,512],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.reuters.com\/resizer\/UELBqgpExDdxDnkQnGVCqzLH25E=\/1200x628\/smart\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/RKQDJLTATNKXHHLNNT52NKHSCA.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/35351"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=35351"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/35351\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=35351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=35351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=35351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}