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No, Elon Musk did not “launch new attack” GM or President Biden.

Credit: Tesla/YouTube

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No, Elon Musk did not “launch new attack” on General Motors (GM) or President Biden yesterday, as The Street recently reported. I thought I would clear this up here since it was my own tweet and Elon Musk’s response to my tweet might have somehow gotten misinterpreted.

According to the article, “Tesla’s CEO is resentful and never misses an opportunity to attack Detroit auto giant GM.”

The article also said that Elon Musk doesn’t want to promote the brands of his rivals and that GM is his favorite target. It, in my opinion, painted GM as the victim and Elon Musk as a bully. So I’d like to clear up some things and share what actually happened.

Elon Musk Didn’t “Launch New Attack” On Anyone

Yesterday, I shared a tweet by Sawyer Merrit with my own comment. I tagged both President Biden and Elon Musk. You can see the tweet below. This was and still is my opinion on GM’s decision to invest $1 billion into Mexico for an EV factory instead of investing those funds into American jobs.

As you can see for yourself, Elon Musk did not mention GM or President Biden. He mentioned Tesla and his reference was to Tesla being named the most American-made car by Cars.com.

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GM’s Commitment To Mexico

I shared my thoughts about GM’s move to invest $1 billion in Mexico for an EV plant in this article. And there’s more. GM shared a statement on its Mexico media site where the company’s President and CEO, Francisco Garza said (translated by Google into English):

“We are very proud to contribute to the materialization of GM’s Vision of Zero Collisions, Zero Emissions, Zero Congestion, contributing to the manufacture of electric vehicles.”

“We trust that the necessary economic conditions will be met so that eventually the Complex can increase the workforce for one more shift in some operations. We are grateful to the Federal Government and the Government of Coahuila for promoting this investment. This is great news to continue celebrating GM’s more than 85 years in Mexico and show our commitment to the country.”

American Jobs Vs Mexican Jobs

It seems that my theory in the tweet that Elon Musk responded to could be correct. I saw this earlier this morning.:

@WholeMarsBlog shared screenshots of the salaries at the GM plant in Mexico where the new Chevy Blazer EV will be made. The starting pay for Operations is MX$91,950 per year which translates to $4,475.78  per year. There are other salaries with similarly low numbers.

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In comparison, GlassDoor shows that technician salaries at GM average out at $63,166 annually. So,  it seems that GM will be saving some serious money by outsourcing some of these jobs to Mexico.

My 2.5¢

Clearly, GM is trying to save money. And GM CEO, Mary Barra,  recently expressed her confidence that GM can beat Tesla. You can draw your own conclusions from these two scenarios.

I do think that using Elon Musk to paint GM as a victim while downplaying its decision to make its Chevy Blazer EV in Mexico instead of the U.S. is really shady. And using my own tweet to do so as well. No, Elon Musk didn’t “launch new attack” on President Biden or GM. No one attacked them.

I just shared my own opinion on the matter and he pointed out which brand was the most American-made car.

Johnna Crider is a Baton Rouge writer covering Tesla, Elon Musk, EVs, and clean energy & supports Tesla's mission. Johnna also interviewed Elon Musk and you can listen here

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The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it

The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.

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The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.

The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.

The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.

The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.

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It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.

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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.

Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.

SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles

The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”

When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.

The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.

None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.

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The Boring Company’s newest Vegas Station has a permit quietly waiting behind it

Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.

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Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.

The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.

The Boring Company just doubled its tunneling power in Nashville

The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.

Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.

For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.

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