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Businessweek Daily

Trump’s Tesla Showcase Is the Opposite of Biden’s Snub

Elon Musk wins attention, but it’s unclear how EVs benefit. Plus: College students cautiously move toward unions.

President Donald Trump said he would buy a Tesla as a show of confidence in Elon Musk.

Photographer: Andrew Harnik/Getty Images

On the surface, a display of shiny Teslas on the White House lawn would be an obvious win for Elon Musk. But, as Businessweek senior reporter Max Chafkin writes today, what’s good for the CEO hasn’t been great for the car company. Plus: A wave of campus unionization prepares to meet an obstacle named Donald Trump, and a pet economy booms in China. If this email was forwarded to you, click here to sign up.

Amid a frantic Tuesday that included, among other things, a skirmish with the premier of Ontario over trade, a vote in Congress on a bill to avoid a government shutdown and a meeting with business leaders concerned about a plummeting stock market, President Donald Trump stepped out on the driveway behind the White House to record what amounted to an infomercial for Elon Musk’s electric car company. “Wow, that’s beautiful,” Trump enthused from the driver’s seat of a red Tesla sedan. “Everything is computer.”