Biden's War On Elon Continues

The Biden administration's latest action against Elon Musk and Tesla (TSLA) comes as U.S. prosecutors investigate Tesla for possibly misleading investors and consumers about its self-driving technology.

This probe into whether Tesla committed securities or wire fraud highlights a broader trend of tension between the government and one of America’s top innovators.

The investigation centers on Tesla’s claims about its Autopilot and Full Self-Driving systems.

Although Tesla has stated these technologies are not fully autonomous and require driver supervision, promotional materials have often implied a higher level of capability. This has attracted serious regulatory attention and now, a federal investigation.

This isn't the first time Musk has clashed with the Biden administration. In 2021, Tesla was notably left out of a White House electric vehicle summit, signaling a cold shoulder to the leading EV manufacturer.

Biden's snub of Musk went even further, crediting GM CEO Mary Barra with leading the EV revolution. “You changed the whole story, Mary,” he said. “You electrified the entire automobile industry.”

So... how did that work out?

Additionally, after Musk took over Twitter and advocated for free speech, President Biden suggested that Musk's dealings should be "looked into,".... the investigations ramped up from there.

The ongoing federal scrutiny appears to be part of an effort to limit Musk’s influence in various industries, from automotive to digital media.

The Tesla investigation is a significant chapter in the ongoing saga between Musk and federal authorities. It underscores the challenges innovators face when their work disrupts existing markets and regulatory frameworks.

The outcome of this situation could impact not just Musk, but the broader landscape of American innovation, signaling how the government might treat other entrepreneurs pushing technological boundaries.

In the end, we're betting on innovation... betting on Elon... and resisting the urge to cave to the Biden administration's petty war against Musk and free speech.