TSLA - Tesla Bear Slams David Sacks As 'Rich Man' Who Spits On 'Working Man' After Entrepreneur Called Biden's Unionization Comments 'Archaic View Of Past' | Benzinga
President Joe Biden on Thursday said he supported unionization at Tesla, Inc. (NASDAQ:TSLA) and Japanese auto giant Toyota, Inc. (NYSE:TM) while addressing United Auto Workers union in Belvidere, Illinois.
Commenting on his statement, Silicon Valley Entrepreneur David Sacks, who is also a friend of Tesla CEO Elon Musk, said the president is trying to push businesses into “some archaic view of the past.”
What Happened: The president’s comments weren’t surprising, said Sacks while appearing on CNBC’s Last Call. “He of course he wants Tesla and Toyota and every other company in the world to be unionized,” the venture capitalist said.
“He’s probably the most union capture president we’ve ever had,” he added.
Sacks also recalled that the White House did not invite Tesla for the EV Summit it hosted. The snub was due to the fact that Tesla is not a union shop, he said, adding that the president chose to give credit for starting the EV revolution to companies such as General Motors Corp. (NYSE:GM). This ...