Elon Musk shares "super bad" feeling about the U.S. economy, causing Democratic Joe Biden to fire back at the Tesla and SpaceX CEO with a sarcastic moon jab.
The U.S. president, during his televised press conference on the state of the country's economy, was asked for his thoughts regarding Musk's pessimistic assessment of the situation of the country and where things were headed. In his response, the Democrat dismissed the world's richest man, wishing him, "luck on his trip to the moon."
Elon Musk vs Joe Biden
The feud between the billionaire entrepreneur and the Democratic president has generated a buzz among media figures on social media giant Twitter. On Thursday, news reported that the Tesla CEO had emailed company executives that he planned to cut 10% of the electric car company's jobs and put in place a hiring freeze due to his fears about the state of the economy.
The world's richest man did not mince words and told executives that he had a "super bad feeling" about the country's economy right now. The email was not the first time this week that has turned people's heads, as per Fox News.
Previously, the tech billionaire also sent out an email to Tesla executives, requiring them to make sure that all employees were coming into the office for work. He added that everyone working at the electric vehicle manufacturing company was required to spend a minimum of 40 hours in the office per week.
During Biden's press conference, the president also fired back with a few comments about how other major car companies making electric vehicles were investing in the economy. The Democrat noted that Ford was increasing their investment overwhelmingly which includes new electric vehicles, 6,000 new employees, and union employees.
According to Yahoo News, Biden also noted that the former Chrysler Corporation was also making similar investments in electric vehicles. Furthermore, Intel was found to be planning to add 20,000 new jobs making computer chips.
U.S. Economy
Musk's comments on the economy, and his previous emails to Tesla's executives, came after the company's shares fell more than 8% as of Friday. The billionaire entrepreneur also made headlines previously for his floundering attempts to take full control of Twitter. The company's shareholders recently hit Musk with a lawsuit alleging he has criticized the company in a deliberate attempt to sow doubts about the deal and drive its value down.
Despite his comments about the economy of the United States. Musk last week wrote that a recession would be a "good thing" because it has already been "raining money on fools for too long."
While President Biden touted last month's jobs report and projected confidence in the nation's economic trajectory, he also acknowledged that many Americans were anxious about the high prices of gas and food products.
The Democrat further placed blame on Russian President Vladimir Putin and his unprovoked invasion of Ukraine. He said, "I understand that families who are struggling probably don't care why the prices are up. They just want them to go down," CNN reported.
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