It keeps getting worse between Joe Biden & Elon Musk!
Elon Musk is an innovative business entrepreneur who pioneered in several new industries and is known as a visionary who is paving the world’s way towards the future. And to no surprise he is also the world’s richest man on the planet. His company Tesla is an electric company that offers a wide range of products and services. Most notable of those products are obviously Tesla electric cars, energy storage devices and solar panels. The company founded in 2003 now aims to lead the world transition into everything electric. And his other company SpaceX is leading the space race mission of Mars colonization. And surprisingly it doesn’t end here, he owns many such companies that’ll play a very significant role in the future.
Now while Musk has dominated the Electric Market and is leading the Space race with SpaceX one might think he has all the support he needs to be the visionary he is from the US, but as it happens it’s quite the contrary. He and the current president of the United States of America are facing a very difficult relationship. But why?
Hey guys! Welcome to another exciting video from our channel Tesla Tech. So we are once again back with an exciting video on your demand. In today’s video we are going to discuss how Elon Musk has recently confronted the president of the United States of America, Joe Biden and why their relationship seems to be hanging by the thread.
Now you might think, what’s the harm? They don’t have to like each other, but that’s where you are wrong. Elon Musk couldn’t have achieved his unimaginable feats without the backing of the very powerful people in America like its president. So if that relationship is in jeopardy, brace for a bumpy ride people.
And here’s why..
White House and its political allies
The National Transportation Safety Board (NTSB) is an independent government agency established to investigate every civil aviation accident within U.S. territory, as well as significant accidents in the United States involving interstate transportation.
The Tesla bull camp contends that the media has been unfair in reporting on the company’s controversial Autopilot feature, and they’re citing a recent ruling from the U.S. National Highway Traffic Safety Administration (NHTSA) as evidence that Tesla is being singled out unfairly by the federal government.
Bulls are not convinced, however. They argue that the NHTSA’s decision to probe Tesla for potential safety defects is simply another example of Tesla’s critics trying to bring the company down. President Joe Biden announced new nominees for senior government posts, including Steve Cliff as National Highway Traffic Safety Administration administrator. Yet it was reported over a lesser-known appointment that has the Tesla faithful in an uproar, hours before they hope for a blowout third quarter to power the stock to new all-time highs.
Mary Louise “Missy” Cummings has been picked as the senior safety adviser at NHTSA. She worked in an advisory role with Volvo on its landmark DriveMe project that is operating in real-world traffic in the Swedish city of Gothenburg with 100 randomly selected cars, and another with Nissan on a semi-autonomous driving system dubbed ProPilot. She will play an instrumental role in shaping the agency’s policies on autonomous driving technology. Nonetheless, the choice could hurt the company’s fortunes, as she has been highly critical of what she sees as Tesla’s reckless approach to full self-driving (FSD) in the past.
Musk said his full self-driving upgrade is meant for urban areas, to help alleviate traffic. Tesla also sells tens of thousands of high-end all-electric cars every year—most at prices far above $100,000. The FSD equipment will be an expensive option. Musk is putting his money where his mouth is by implementing self-driving technology in Tesla vehicles. I’m sure he has confidence that the feature will pay off big, but many drivers are wary of autonomous vehicles.
Cummings says that as a Tesla independent board member, he plans to draw attention to the need for the company to focus more on the future. In short, he wants to remind Tesla execs that they should be thinking ahead to understand where future demand for their products will come from. Cummings’ track record of using technology to transform the antiquated cab industry is an ideal fit for Tesla. The company is investing aggressively in driverless technology, looking for futuristic routes to profitability. And Cummings has an independent streak that could be valuable at a board table dominated by Musk’s close family and friends.
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