elon musk has recently lashed out at both general motors and american president joe biden
hello everyone and welcome to another episode from elon musk evolution where we keep you updated on
all the latest news and gossip relating to our favorite south african billionaire elon musk and
his globally renowned companies in today's video we will find out why musk has recently spoken out
against general motors and united states president joe biden regarding the current state of the
automotive industry in particular the eevee market ever since incumbent american president joe biden
stepped into office after winning the presidential elections in 2020 he has from the very outset been
a staunch supporter of general motors corporation and the overall detroit car manufacturing scene
this has been much to the dismay of the california denizen elon musk who received
general favorability from the erstwhile republican presidency of donald trump between his reigning
years of 2016 till 2020. of course since then musk has continued expanding his tesla empire
by establishing new factories in shanghai china and later in 2022 new giga factories in texas
as well as berlin germany despite tesla's aggressive growth in the market for electric
vehicles its competitors are always trying by any means necessary to gain any advantage possible
in gm's case the current president of the company maribera has been known to
be a good acquaintance of president biden and consequentially has received favorable support
from his administration in terms of government incentives and promotion recently on july 18 gm
announced the release of their brand new fully electric vehicle the chevy blazer the new model
is aimed at directly competing against tesla's model y suv and the ford mustang mach e the
main talking point behind the launch of gm's new model is the factory location being ramos arizpe
in mexico the said announcement got tesla fans riled up on twitter with one woman by the name
of johnna kreider commenting over twitter using sawyer merits news update sharing reuters coverage
of the unveiling of the 2024 chevrolet blazer ev wow and at potus snubbed at elon musk and tesla
to put gm on a pedestal so much for american jobs mexico is cheaper i guess and of course elon musk
was quick to reply specifically he pointed out how the tesla vehicles sold in the u.s were actually
manufactured in the country teslas are the most made in usa vehicles this is in reference to
the u.s sold teslas being made in the company's california gigafactory and most recently in the
brand new state-of-the-art texas plant in parallel musk also blasted gm and president biden with an
indirect salvo owing to the news that the new ev vehicle would be produced outside the u.s for u.s
customers all while biden openly declared that gm is pioneering the eevee market for americans
how tesla became the ev leader although tesla wasn't the very first company to produce fully
electric vehicles that honor goes to the frenchman gustav troves human carrying electric vehicle
first tested in paris in april 1881 it was the first company to mass produce evs and popularize
them in the mainstream consciousness tesla's origins date back to its founding in july 2003
by martin eberhard and mark tarpening whom served as ceo and cfo respectively eberhard said that he
wanted to build a car manufacturer that is also a technology company with its core technologies
being the battery the computer software and their proprietary motor in february of 2004
the company raised 7.5 billion dollars in series a funding with most of it 6.5 million coming from
elon musk who two years earlier earned 100 million dollars from the sale of paypal with the funding
musk became the largest shareholder of the startup and also chairman of the board of directors
the first project that musk and his fledgling team focused on was developing a fully electric premium
sports car aimed at early adopters later on they would move on to more mainstream vehicles like
sedans and suvs prototypes for the model later to be dubbed the tesla roadster were first unveiled
in july 2006. by 2008 tesla began full-scale production of the roadster by january of 2009
tesla raised 187 million dollars in total with 70 million of that coming directly from musk having
already delivered 147 cars in june of 2009 tesla was granted an interest-bearing loan
of 465 million dollars from the u.s department of energy for the purpose of the development of
tesla's forthcoming luxury sedan the model s in may 2010 tesla bought toyota's fremont california
factory for 42 million dollars in order to build the model s unlike the niche production and sales
of the earlier roadster having sold only 1300 units musk planned big for the model s and
hence spend a large sum to acquire the california plant by june of the same year the company went
public with its ipo released on the nasdaq stock exchange by january 2012 the company discontinued
production of the roadster and finally launched the long-awaited model s after its release the
new model won various accolades including motor trend car of the year in 2013. it also became
the top car sold in a country when in november 2013 it became norway's highest selling vehicle
in the years 2015 and 2016 it was also the global best-selling plug-in electric vehicle
in september 2015 the company next launched its third vehicle the tesla model x luxury suv it was
developed from the model s platform sharing around thirty percent of content and in only its first
year ranked seventh among the world's best-selling plug-in cars in july 2017 tesla released its
fourth iteration the model 3 sedan intended for the mass market as we earlier mentioned one of
musk's primary goals was to eventually develop a mass-market ev for the majority and late adopters
the model 3 was like the roadster notoriously known for its production delays and issues in fact
musk even at one time considered taking the company private due to the public scrutiny he
suffered finally by the end of 2018 the model 3s began stepping out of the factory floor and would
eventually become the world's best-selling plug-in electric car for the year in 2019
tesla's production went international when it opened its first gigafactory in shanghai china
it was the first ever fully foreign owned factory in the country and was also completed in less than
six months one year later tesla began construction of two more factories one in texas usa and another
in berlin germany in march of 2020 tesla released its fifth creation the crossover suv model y
the model y is also based on the model s platform but shares around 75 percent of its parts with the
model 3 mass market sedan the new model was made as essentially a smaller and more inexpensive
version of the model x suv in 2020 tesla achieved its goal of making half a million cars in line
with musk's plans due to disputes over coveted restrictions tesla relocated its headquarters
from california to texas in december of 2021 in the same year the company became only the
sixth company in us history to reach market capitalization of one trillion dollars finally
in 2022 musk and his team launched their newest factory in berlin in march and one month later in
april unveiled their giga texas facility enter biden and the new era for gm after president
biden assumed the reigns of office in 2020 it is clear that he has ignored tesla in favor of
the old boys of detroit like gm ford and chrysler in particular he has a good working relationship
with the current gm president maribera with the introduction of gm's new fully ev chevy blazer
the company is aiming to upend the hegemony of tesla's top spot as well as sidestep other rivals
like ford and smaller ev focused companies like rivien and lucid some of the ev blazers
salient features include going from 0 to 60 miles per hour in less than 4 seconds
comparable to tesla's model y and ford's mustang machi an impressive range of 320 miles on a single
charge and a battery system based on gm's ultium platform which aims to improve both performance
and driving characteristics the chevy blazer will be gm's eight electric models in its lineup
once it is released for delivery beginning from 2024 and onward the other models include the chevy
bolt sedan and its suv version the bolt euv the gmc hummer ev successor to the previous iconic
gas guzzling version the cadillac lyric and the highly anticipated cadillac celestique which will
be unveiled within a few months in addition gm is also planning to enter into the emerging electric
pickup and truck segment with an electrified chevrolet silverado to be released next year
similarly the company is also scheduled to release the entry-level budget suv chevy equinox to entice
consumers interested in evs but wary of the higher prices scott bell vice president of chevrolet
made the statement along with the all-new silverado ev and equinox ev coming next year
we are making great strides and offering more choices for zero tail pipe emissions vehicles
choices that make switching to an eevee easier than ever according to auto forecast solutions
by 2026 the united states electric suv market is forecast to double to more than 2 million units
per year within that pie up to 90 models from different car makers will be fighting one another
for larger slices by 2025 lmc automotive predicts tesla's model y to remain the undisputed top dog
with 15.6 percent of sales out of a total mix of 13 compact and mid-sized ev suv models
runners-up to tesla is forecast to be chevry's blazer with 6.6 percent of aggregate sales other
competing vehicles include ford's mustang machi the hyundai ioniq 5 and the future suv rivian r2s
therefore as we've seen gm and other companies are receiving generous support from the biden
administration at the expense of musk's tesla we'll be keeping a close eye on
further developments in the electric car industry and we'll definitely keep you updated we really
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