On Thursday, Tesla, ranked first in US stock trading volume, fell 5.46% to $29.886 billion. On Thursday, US President Biden expressed support for the United Auto Workers' (UAW) efforts to organize labor unions in Tesla and Toyota. He reiterated his support for the efforts of the union to increase wages and benefits, and expand the number of union members. Prior to this, Biden made a historic appearance at the critical moment of the UAW strike against the three traditional car factories in the United States, supporting the union's demands.