US President Joe Biden dismissed a complaint from the world’s richest man by wishing him “good luck on his journey to the moon”.
Biden was asked Friday about comments from Tesla CEO and SpaceX founder Elon Musk, who on Thursday emailed Tesla staff announcing that he would be cutting 10% of the jobs because he has a “super bad feeling” about the economy. , as Reuters reported.
“Well, let me tell you, while Elon Musk is talking about that, Ford is overwhelmingly increasing their investment,” Biden told reporters. “Ford is increasing their investment and building new electric vehicles, 6,000 new employees – union workers, I might add – in the Midwest. The former Chrysler Corporation… they are also making similar investments in electric vehicles. Intel will add 20,000 new jobs making computer chips.”
“So, you know, good luck on his journey to the moon,” Biden continued. “I don’t know.”
Musk’s comments to staff about his “feeling super bad” came two days after the billionaire told his staff to return to the workplace or leave the company. Following Musk’s email to Tesla employees about the job cuts, shares in the company fell more than 8% as of Friday.
Musk has also made headlines for his floundering efforts to acquire Twitter. Shareholders of the social media company recently sued Musk with a lawsuit alleging he criticized the company in a deliberate attempt to cast doubt on the deal and lower Twitter’s value.
Despite Musk’s “super bad feeling” about the economy, the world’s richest man wrote last week that a recession would be a “good thing” because “it’s been raining money on fools for too long.”
Twitter users were quick to point out that Musk himself has received huge tax breaks ($64 million from Texas alone) and that his companies ultimately benefited from some $5 billion in government support.
Meanwhile, US employers added 390,000 jobs in May, higher than expected numbers, and the unemployment rate remains unchanged at 3.6 percent.
“There’s no denying that high prices, especially for gasoline and food, are a real problem for people,” Biden said during Friday’s press conference. “But there is every reason for the American people to be confident that we will meet these challenges.”