News
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.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
