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Biden Bows to Unions, Doesn’t Invite Tesla to ELECTRIC VEHICLE Summit

August 6, 2021 By E.J. Smith - Your Survival Guy

Elon Musk, founder of Space Exploration Technologies Corp.- SpaceX, joins President Donald J. Trump at a launch briefing in preparation for the launch of the SpaceX Falcon 9 rocket with the Crew Dragon vehicle Wednesday, May 27, 2020, at the Kennedy Space Center in Cape Canaveral, Fla. (Official White House Photo by Shealah Craighead)

Yesterday, Joe Biden held an Electric Vehicle Summit at the White House, but there was something conspicuously missing, America’s largest electric vehicle producer, Tesla. The Daily Mail reports:

Joe Biden on Thursday raised eyebrows by failing to invite the world’s largest manufacturer of electric vehicles to his EV summit, after appearing to bow to union pressure.

Biden invited to the White House the heads of General Motors, Ford and Stellantis – the Dutch-owned firm which makes Chrysler, Dodge and Jeep brands.

The three firms are the three largest employers of members of the United Auto Workers union, which in April 2020 endorsed Biden, bringing the support of 400,000 workers.

The top electric vehicle made by the Big Three, GM’s Chevy Bolt, only accounted for five per cent of EV sales in 2019.

Elon Musk, the founder of Tesla, tweeted that his exclusion from the meeting was ‘seems odd’.

When someone tweeted a meme of Musk outside the White House, holding up a sign reading: ‘Hi. I make lots of EVs in the US’, Musk responded with a laughing emoji.

Teslas sold in the United States are made at its California plant, and are far more domestically sourced for parts than GM’s Chevy Bolt. The Bolt gets about three-quarters of its components, including the expensive batteries, from South Korea.

GM is building U.S. battery factories with partners that will increase its domestic content in the future, yet Tesla already gets 50-55 per cent of their components from U.S. factories.

One man tweeted: ‘Maybe if @elonmusk moved Tesla manufacturing to Mexico like Ford did for the Mach-E they would have a seat at the table?

‘Apparently good paying American jobs, making 100% Electric vehicles isn’t enough to be shown as an example of how other manufacturers should behave?’

Musk replied: ‘Irony indeed.’

Another Tesla fan tweeted: ‘Unions exist because of previous discriminatory and unfair labor practices.

‘This is why $TSLA doesn’t need a union. From Day 1, Tesla has treated their employees fair, compensating them for their hard work. Legacy Auto is already dead, inside & out.’

Musk agreed, replying: ‘Reality is total opposite of what detractors say! Biggest challenge is recruiting enough people to build cars. SF Bay Area essentially has negative unemployment, so people at our factory have several other job offers.

‘If they weren’t treated well, they would leave immediately!’

Action Line: Right-to-work states like Tennessee and Mississippi are gaining jobs fast, and Elon Musk is showing the Big Three how it can be done without unions even in heavily unionized California. If your state is trying to weigh down your business with rules that give all the power to extortionate union bosses, it’s time to look for a better America. Start with my Super States and compare to my Top 10 Best States for Survival.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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