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Seeking Alpha 2021-09-29 18:00:52

Tesla's Elon Musk slams Biden's EV policy for union influence, wants unregulated crypto

Tesla (TSLA -0.3%) CEO Elon Musk is still attracting attention after an appearance yesterday at the Code Conference. Notably, Musk drew a line between a recent snub to an auto executive summit at the White House to the Biden Administration being "controlled" by unions. The comments were not a big surprise with Musk already vocally opposing a proposed bill that would give a $4,500 tax incentive to consumers who buy an electric vehicles assembled at U.S. facilities that have a union (think Ford (NYSE:F), General Motors (NYSE:GM) and Stellantis (NYSE:STLA)). Musk also reiterated his view that the U.S. government should not regulate cryptocurrency, although he probably can't be accused of trying to talk up Bitcoin (BTC-USD) - which Tesla holds on its balance sheet. "I think there’s some value in cryptocurrency, but I wouldn’t say it’s the second coming of the Messiah," stated Musk. Earlier today, Wedbush Securities forecast a

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