President Biden supported the UAW's demands for a 40% pay increase as he joined the picket line in Michigan.
Tesla CEO Elon Musk warned that the United Auto Workers’ demands could drive Ford, GM and Chrysler owner Stellantis to bankruptcy, as he appeared to criticize President Biden for joining the picket line.
In a separate post, he said rising prices as a result of wage increases “makes cars unaffordable, which leads to major sales drop, which leads to bankruptcy.”
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