• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
PoliticsJoe Biden

‘Lots of luck on his trip to the moon’: Biden dismisses Elon Musk’s comment about having a ‘super bad feeling’ about the economy

By
Christine Mui
Christine Mui
Down Arrow Button Icon
By
Christine Mui
Christine Mui
Down Arrow Button Icon
June 3, 2022, 3:07 PM ET
Add Fortune on Google for similar content.

President Joe Biden clapped back at Elon Musk for his pessimism about the U.S. economy by wishing the Tesla and SpaceX CEO good luck on his travels to the moon.

In an internal email reviewed by Reuters, Musk had told Tesla executives the carmaker needs to cut its salaried workforce by around 10% and freeze hiring, explaining he has a “super bad feeling” about the economy. 

When asked about Musk’s message Friday during a press conference, the president pointed to Tesla’s competitors that are expanding their operations and investments.

“While Elon Musk is talking about that, Ford is increasing their investment overwhelmingly,” Biden said. “Ford is increasing investment and building new electric vehicles. Six thousand new employees, union employees I might add, in the Midwest.” 

Biden quipped: “So, you know, lots of luck on his trip to the moon.”

NASA has awarded SpaceX a $2.9 billion contract to build the spacecraft that will land the first woman and the first person of color on the moon as part of the agency’s Artemis program. The choice of the company’s lunar lander, Starship, was made in 2021 under the Biden administration. In March, NASA announced that SpaceX would conduct its first mission no earlier than 2025.

Musk on Friday quipped back at Biden on Twitter, writing “Thanks Mr President!” while attaching a link to the NASA announcement of SpaceX as its partner. 

This is hardly the first time Biden and Musk have taken shots at each other. After SpaceX completed the first private spaceflight with only nonprofessional astronauts on board last September, one of Musk’s Twitter followers asked: “The President of the United States has refused to even acknowledge the 4 newest American astronauts who helped raise hundreds of millions of dollars for St. Jude. What’s your theory on why that is?”

“He’s still sleeping,” Musk replied. 

Biden has also conspicuously avoided praising Tesla. In August 2021, the president signed an executive order outlining a target for zero-emissions vehicles to make up half of U.S. car sales by 2030 and invited General Motors, Ford, and Chrysler parent Stellantis to a White House event. The manufacturers all have close ties with the United Auto Workers union. Tesla, a nonunion company, wasn’t invited.

During a conference, Musk questioned the lack of an invite and accused Biden of snubbing the top U.S. electric-car maker.  

“Biden held this EV summit,” Musk said. “Didn’t mention Tesla once, and praised GM and Ford for leading the EV revolution. Does this sound maybe a little biased or something? And you know, just, it’s not the friendliest administration. Seems to be controlled by unions as far as I can tell.”

Reporters asked White House Press Secretary Jen Psaki about Tesla’s absence at the event.

“I’ll let you draw your own conclusion,” Psaki said.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
By Christine Mui
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

New 250th anniversary coin depicting Trump.
North AmericaDonald Trump
Scott Bessent says $1 coin with Trump’s face on it will ‘honor the enduring legacy of liberty’ with a ‘lasting symbol of patriotism’
By Catherina GioinoJuly 15, 2026
12 hours ago
mike
Politicsnational debt
GOP’s $95 billion war-and-voting bill adds no offsets to $2 trillion deficit
By Kevin Freking, Lisa Mascaro and The Associated PressJuly 15, 2026
12 hours ago
A woman at a police commission meeting stands behind a podium speaking animatedly.
North AmericaPrivacy
LAPD was one of Flock Safety’s biggest government customers. Now it’s renegotiating its partnership over ‘serious concerns around civil liberties’
By Sasha RogelbergJuly 15, 2026
12 hours ago
cdc
PoliticsCDC
CDC nominee refuses to say if she’d defy RFK Jr. on vaccine orders
By Mike Stobbe, Nick Lichtenberg and The Associated PressJuly 15, 2026
12 hours ago
blanche
PoliticsWhite House
‘I’m his lawyer’ — acting Attorney General briefly forgets he’s supposed to represent Americans
By Eric Tucker, Alanna Durkin Richer and The Associated PressJuly 15, 2026
12 hours ago
pete
PoliticsMilitary
Pete Hegseth wants to test troops for ‘testosterone deficiency’ — literally
By Konstantin Toropin, Matthew Perrone and The Associated PressJuly 15, 2026
13 hours ago

Most Popular

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
19 hours ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
17 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
20 hours ago
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
2 days ago
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
Economy
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
By Eleanor PringleJuly 15, 2026
21 hours ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.