News
Opinion: Biden’s Tesla snub shows that clout, not innovation, is driving the American EV revolution
There was something missing during the Biden administration’s EV event at the White House on Thursday. While the event was promoted as a landmark meeting that signifies America’s commitment to embracing sustainable transportation, the world’s undisputed EV leader was noticeably absent. Eventually, one thing became quite clear — it is clout, not innovation, that is still driving the mainstream American EV revolution.
The Biden administration’s goals seemed good on paper, with the president announcing a national target of electric cars making up half of all new vehicle sales by 2030. Executives from the Detroit Big 3 were there, and for all intents and purposes, the event presented a venue for the administration and legacy automakers to somewhat pat themselves on the back for accepting sustainable transportation. This was despite the administration looking at hybrids, which are still equipped with a combustion engine, on the same playing field as zero-emissions vehicles like battery-electric cars.
Tesla’s absence in the White House EV event was noticeable. Elon Musk confirmed on Twitter that Tesla was not invited at all, and during the event, even netizens were quick to point out that an American automaker that practically forced the entire auto industry to shift to electric cars was strangely not invited to the White House. In a press briefing, White House press secretary Jenn Psaki was directly asked about Tesla’s absence, and her response was telling. “These are the three largest employers of the United Auto Workers (UAW), so I’ll let you draw your own conclusion,” she said.
The Elephant in the Room
Since its campaign days, the Biden administration has been clear that it supports electric vehicles. It was a good narrative, and it was the perfect foil to the Trump administration’s less-than-stellar commitment to zero-emissions transportation. Biden has always made it clear: he supports electric cars, especially those that are made by American labor. But over the past months, and amidst Biden’s appearances prior to the release of the Ford F-150 Lightning, one thing became clear: The administration is fond of EVs that are made in the United States — but only if they are produced through union work.

Electric cars that are made in America but not through union work like Teslas simply don’t get as much recognition — or any recognition at all. This was particularly evident in statements from Transportation Secretary Pete Buttigieg, who hobbled through his responses in a CNBC appearance in what appeared to be a conscious effort to avoid stating Tesla’s name. It was also very evident in the fact that the US President personally made it a point to mention union work numerous times during the White House EV event.
What is particularly interesting is that there is a reason why Tesla does not use union work in its Fremont Factory, unlike its Grohmann facility in Germany. It’s easy to run away with the narrative that Elon Musk is a tyrannical boss who intimidates employees to avoid them from joining the UAW, but the truth is more nuanced than that. It should be noted that the Fremont Factory, before it was bought by Tesla, was actually a plant powered by union work. And its closure, which effectively ended an ambitious project that was supposed to bring Japanese efficiency to American automaking, is something worth looking into.
A History Swept Under the Rug
The United Auto Workers’ mission is to fight for the rights of all workers, organize unions, and bargain and win fair wages and benefits of its members. But the Fremont Factory, even in its early days, was not exactly a picture-perfect example of how the UAW and an automaker could coexist together. Bruce Lee, a former running back from the University of Arkansas who was in charge of the GM Fremont Factory’s union before the facility became NUMMI, noted that tensions were typically high between unionized workers and management.
“It was considered the worst workforce in the automobile industry in the United States. And it was a reputation that was well-earned. Everything was a fight. They spent more time on grievances and on things like that than they did on producing cars. They had strikes all the time. It was just chaos constantly,” Lee said, adding that a 20% absenteeism was normal . This was echoed by noted author Jeffrey Liker, who interviewed workers at the GM Fremont plant’s early days. According to Liker, things were so bad at the plant that alcohol use, intercourse, and drug use were rampant among the employees. Defects in cars were typical too. Billy Hagerty, who used to put hoods and fenders on the plant, noted that quality of the cars from the GM Fremont plant was so bad that some Buick Regals had Buick Monte Carlo front ends, and vice versa.

The UAW was particularly powerful then, and this contributed to the GM Fremont factory’s workers practically running wild, with some workers intentionally putting coke bottles and loose bolts on door panels to spite the management and trigger customer complaints. GM eventually shut the plant down in 1982, laying off about 5,000 workers. The site was later transformed into New United Motor Manufacturing, Inc. (NUMMI) under a joint venture between Toyota and GM. But while the site hit the ground running thanks to Toyota’s highly efficient production techniques and its focus on teamwork, issues in the plant eventually arose. When General Motors filed for Chapter 11 bankruptcy in 2009, GM announced that it would pull out of the facility, which eventually resulted in NUMMI being shut down for good.
NUMMI’s shutdown was not received well by its unionized workers. During a meeting between NUMMI employees and UAW officials, things became so heated that an outraged older worker and union official ended up in a cussing match. A physical altercation almost happened. It was then no surprise that years later, and as CEO Elon Musk would note, the UAW would eventually fail to gain a foothold at the Tesla Fremont Factory. Tesla may not have hired the same workers from NUMMI, but some of those who work in the company today likely remember the history of the plant — and how it was let down by the UAW.
An Unrestrained Narrative — The UAW’s Favorable Streak
The Biden administration seems all too content to sweep this history under the rug. If his comments during the White House EV event were anything to go by, America’s electric vehicle shift is only lauded and recognized by the powers that be if unions are involved. This is almost ironic, considering that as recently as 2019, about 48,000 unionized GM workers held a strike because the company was looking to adopt electric vehicles. UAW Research Director Jennifer Kelly explained the workers’ reservations in a statement to CNBC then. “EV powertrains are simple compared to internal combustion engines. The simplicity could reduce the amount of labor, and thus jobs, associated with vehicle production,” Kelly said.
At this point, it seems high time to recognize that Tesla is an American success story that will not be celebrated, at least while the Biden administration is focused only on union-made electric vehicles. This means that Tesla would remain uninvited for landmark events such as this past Thursday’s EV meet at the White House, and it would likely remain a company that officials would refuse to acknowledge or name for its contributions to the country’s transition to electric cars.
This means that a narrative — even one that may not necessarily be accurate — could start settling in. A look at a statement from Ford Executive Chair Bill Ford following the White House event shows that such a thing is now happening. “I am proud that Ford is leading the electric revolution… Ford has always been a leader in sustainability,” he noted. Such a statement would likely be accepted as truth by many, or at least by those who are unfamiliar with the uphill climb that Tesla has gone through in its efforts to force the industry to embrace EVs.

And amidst this, the UAW would likely be painted quite favorably. A company like Tesla, not so much. What is rather interesting is that a similar event has happened in the past. Back when the NUMMI was under threat of being shut down, the UAW opted to point the blame at Toyota. This was despite GM being the first company that pulled out of the facility. An article from the The New York Times was panned by actual NUMMI workers after it stated that Toyota’s decision to close up shop was the “foulest form of ingratitude.” Ironically, even unionized workers from NUMMI had issues with how Toyota was painted then, with some stating that GM and the UAW must take just as much blame for the facility’s failure.
A Tesla-shaped Punching Bag and an Underdog Story
What is rather interesting about the Biden administration’s focus on union-made EVs is the fact that organizations such as UAW have actually been steadily losing power. The UAW’s power may have been evident in the Fremont Factory’s pre-NUMMI days, but today, both its influence and its membership are quite far from their heights. UAW membership declined by nearly 10% in 2018 alone, with the organization losing over 35,000 members, and that was a year when 264,000 new manufacturing jobs were added to the US.
If there is something that the Biden administration has done with its recent Tesla snub, it is to highlight the company’s image as an underdog. And this, in a lot of ways, could backfire. The world loves underdogs, after all, and Tesla has always been one, from its days as a small electric sports car maker with grand plans to change the auto industry, until today, when it serves as a punching bag of sorts for critics of both the climate crisis and EVs as a whole. Matt Johnson Ph.D., an author and a professor at Hult International Business School in San Francisco, noted that people will always be drawn to underdogs because they tend to drive feelings of empathy and hope.
This is something that is very true of Tesla. Tesla may dwarf legacy auto today by market cap, but things like the Biden administration’s White House snub helps the company maintain its underdog status. This is arguably one of the reasons why Tesla and its CEO, Elon Musk, have such a strong following. The “cult” of Elon Musk and Twitter controversies and debates aside, it is difficult not to give a nod of respect to a company that pulled legacy automakers kicking and screaming towards an electric age. And the more Tesla is ignored or snubbed, the more influence the company may actually have.
“When we are led to believe that a company succeeded against external disadvantages (like an economic recession, for instance), we identify with the situation. The more we identify and internalize the gravity of the story, the more we root for it. There’s evidence indicating that brands with an underdog story can increase the intention to purchase and influence brand loyalty,” Johnson noted.
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Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
News
Tesla stuns with another FSD approval in Europe, its second in two days
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.