News
U.S. President Biden is ‘utterly controlled’ by the UAW: Elon Musk
Elon Musk has highlighted U.S. President Joe Biden’s affiliation with the top automotive union, following a recent report highlighting the administration’s attempts to ignore Tesla’s meeting requests several times in the past few years.
Following a Wall Street Journal report on Sunday detailing the timeline of Musk and Biden’s feud, the Tesla CEO responded on X saying that “Biden is utterly controlled” by the United Automotive Workers (UAW) union, and adding that “he would rather Tesla be dead than not unionized.”
Biden is utterly controlled by the UAW. He would rather Tesla be dead than not unionized.
— Elon Musk (@elonmusk) July 28, 2024
Soon thereafter, Musk also responded with the 100 emoji to another user saying that a Kamala Harris presidency would continue the same policies as Biden:
💯
— Elon Musk (@elonmusk) July 28, 2024
The now-years-long feud was initially sparked when Biden held a meeting for electric vehicle (EV) manufacturers in August 2021, but failed to invite Tesla to the meeting. Tesla had been selling around two-thirds of all EVs in the U.S. at the time, while Ford, General Motors (GM), and Dodge-Chrysler had been regularly praised by the administration.
“In the auto industry, Detroit’s leading the world in electric vehicles,” Biden said during an event in November, amidst the launch of the his massive infrastructure bill.
He went on to tell GM CEO Mary Barra, “You electrified the entire automobile industry. I’m serious. You led, and it matters.”
The administration has seemingly snubbed Tesla for its lack of being unionized, with some UAW members even pointing out that this was understood as an unspoken agreement.
“We made it clear to the administration about where things were,” said one former union official in the WSJ report. “We didn’t have to make an ultimatum. They understood.”
More recently, Musk has been appealing to audiences on the right on X, with attacks against the “woke mind virus,” and other common Republican talking points such as concerns about illegal immigrants, vaccines, voter fraud, and diversity, equity and inclusion (DEI) initiatives.
Then, earlier this month, Musk officially went on to endorse Donald Trump in the 2024 presidential election, adding that the “last time America had a candidate this tough was Theodore Roosevelt.”
Despite this, Trump and his running mate JD Vance have generally expressed negative sentiments surrounding electric vehicles (EVs), except for when Trump said last month that he was “a fan of EVs and Musk.”
Since then, Biden has officially withdrawn from the 2024 election, with current VP Harris now set to run as the Democratic nominee.
President Joe Biden comes after Elon Musk following Trump endorsement
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
News
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Investor's Corner
Tesla bear gets blunt with beliefs over company valuation
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
