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Elon Musk is not getting White House invites because advisors fear he might embarrass Biden: report
Recent reports have indicated that there might be a reason why Tesla CEO Elon Musk is not being invited to electric vehicle-focused White House events. As it turns out, Biden’s advisors are quite hesitant to invite the Tesla CEO since they are concerned that Musk might do or say something that might embarrass the US President and his administration.
The insights were recently shared by CNBC, which was able to get comments from both Elon Musk and people reportedly familiar with the Biden administration’s stance on the CEO. Citing over half a dozen people who are familiar with the matter — all of which opted remain anonymous — the publication noted that Biden’s advisors are privately pushing back against inviting Musk to future industry events.
When asked about the administration’s concerns, Musk reportedly sent CNBC an initial reply featuring two “rolling on the floor laughing” emojis. Following this classic Musk response, the Tesla CEO noted that the Biden administration’s concerns are largely unfounded. “They have nothing to worry about. I would do the right thing,” Musk wrote.
While Musk maintained that the idea of a feud between him and Biden is not really that accurate, the US President’s hesitation in mentioning Tesla when discussing America’s EVs — at least until recently — was very notable. This became quite evident when General Motors, a company that Biden deemed as a leader in EVs, delivered a measly 26 electric cars in the fourth quarter of 2021. Tesla delivered over 300,000.
“The notion of a feud is not quite right. Biden has pointedly ignored Tesla at every turn and falsely stated to the public that GM leads the electric car industry, when in fact Tesla produced over 300,000 electric vehicles last quarter and GM produced 26… It got to the point, hilariously, where no one in the administration was even allowed to say the word ‘Tesla’! The public outrage and media pressure about that statement forced him to admit that Tesla does, in fact, lead the EV industry. I wouldn’t exactly call that ‘praise,’” Musk wrote in an email to the publication.
Overall, the White House’s hesitation in inviting Elon Musk to White House events seems to stem from a place of misinformation. Musk, after all, is assertive and bold on Twitter, but he has attended numerous high-profile events in the past without making a fool of himself. In a way, this is the problem when a constant stream of negativity is directed towards a person. Eventually, a picture is painted that depicts the individual as a cartoon villain that is out of control. This is a narrative that, to a point, has been directed at Musk over the years. Coupled with Tesla’s tendency to mostly stay silent when criticized, such a narrative has allowed a vastly misinformed take on Musk to become the norm.
Interestingly enough, Musk actually has supported the president in the past. Prior to Biden taking office as the new US President, Musk noted that he was optimistic about the upcoming administration’s focus on climate change. Musk also lobbied for a carbon tax, though he later noted that he was informed by Biden and his team that a carbon tax was “too politically difficult” to implement. It took some time before Musk admitted that the Biden administration was “not the friendliest administration,” and it took even more time before the CEO’s sharp comments on Twitter against the President started. This, unfortunately, is something that has been lost in the Musk vs. Biden mainstream narrative.
Ultimately, however, the Biden administration is changing. The US President actually mentioned Tesla recently, showing that he at least publicly acknowledges the company’s efforts. A White House spokesperson also praised the EV maker in an email to CNBC, noting that “Tesla has done extraordinary things for electric vehicles, and that’s a big part of why the whole industry now knows EVs are the future.” Comments such as these seemed almost impossible to secure just a few months ago.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
