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The White House finally admits they need Tesla and Elon Musk’s help
Last month, Tesla CEO Elon Musk met with Senior White House officials John Podesta and Mitch Landrieu to discuss the potential of expanding the automaker’s industry-leading charging network to include non-Tesla electric vehicles. The White House finally admitted they couldn’t push sustainability forward at the rate they’d like without Tesla and Musk.
Since the Biden Administration took over the White House, they have been slow to recognize the progress that both Tesla and Musk have contributed to the EV industry. Love him or hate him, Musk is a pioneer when it comes to passenger transportation. If it was not for him and Tesla, it is more than likely that EVs would not be as popular or relevant as they are today.
The details of the White House meeting between Musk, Podesta, and Landrieu remained under wraps until The Washington Post spoke to two people with knowledge of it. The sources explained that Tesla was open to potentially working with the Biden Administration on relinquishing exclusive access to its charging network and instead expanding it to include other EV manufacturers, whether they are legacy companies or startups.
Even still, Tesla did not completely commit to the idea. As I discussed yesterday, the Tesla Supercharger Network is one of the biggest (and, in my opinion, the biggest) advantages the company has. Everyone already knows that Tesla has a wide lineup of vehicles, it now has a commercial truck with the Semi, and it also is working toward launching the Cybertruck, its first pickup.
The 43,000+ Superchargers in the world, with many of them in the United States, offer reliability, consistency, and an excellent footprint that sprawls from high-traffic highways to even rural America. Many are situated near convenience stores, hotels, and other sources of entertainment.
But while Tesla has been building out its expansive network of charging piles, increasing manufacturing capacity, and disrupting the entire automotive sector, it has not won the recognition of the Commander in Chief. Instead, Biden has focused on other companies, like General Motors, and we all know the infamous “You did it, Mary” quote. Nothing against GM, they are making strides in their own right, but it is just plain unfair not to give Tesla and Musk the recognition they so much deserve.
The White House has put billions in government funding aside to help spur the use of sustainability. EVs are one of the biggest contributors to this effort, as most people will end up in a vehicle of some kind throughout their day. However, the White House has not loved mentioning Musk or Tesla by name specifically, and Musk has noticed. So have his biggest supporters.
Tesla’s absence from White House EV event sidestepped in Pete Buttigieg interview
But the Biden White House is reaching a breaking point. With Tesla contributing so much to the EV infrastructure and its goals of establishing 500,000 new EV charging stations in the U.S. market, it is time to swallow the pride that the administration has shown and just ask Tesla if they’d consider it. It finally happened, and the ball now lies in Tesla’s court.
Numerous things have happened that point in the direction of Tesla potentially opening the Supercharger Network to competitors. First, Tesla has been testing the idea through a Pilot Program in Europe. It is open in fifteen countries, the most recent being Italy, which Tesla added in November. It also recently expanded to Australia.
Next, the White House said last year that Tesla would “begin production of new Supercharger equipment that will enable non-Tesla EV drivers in North America to use Tesla Superchargers.”
Finally, Tesla leaked details on what it calls “the Magic Dock” earlier this year in its smartphone app. This showed a potential CCS-compatible connector being added to Supercharger piles, enabling other EVs to charge.
It is a big decision because there is a slice of $7.5 billion at stake here, which Tesla could utilize for its own charging capabilities. To qualify for it, however, the company has to enable other EVs to charge at its Superchargers.
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Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
