Tesla makes luxury electric cars. They tried to make an economy car a couple of years ago and they couldn't get it under $30,000 which is way too high for most regular car buyers. Tesla went back to the drawing board for an economy car but have yet to come out with one that would satisfy the requirements for economy cars. His cars are expensive because they are luxury cars and because he has a patent on the best battery. He can afford to sell his cars at a higher price.
Other car brands are making electric cars at much more affordable prices, but none of the brands... not even Tesla has a fully functioning SUV that fits both safety standards and a good battery life.
To be honest, the US model is in danger of going out of business. China and the EU are banning petroleum based vehicles by 2035. That's an extension from the original 2024 deadline, but it is still coming. And yes, China has electric buses and heavy haul vehicles already. Everyone who has been paying attention knows that electric vehicles are the way of the future and American brands are well behind everyone else. Pretty soon, our gas prices will drop because we will be the only country using them to any great extent.
Personally, I don't care who was invited to Biden's summit. He is a dinosaur playing with cavemen. I don't care what they play at or who they exclude. The people who are paving the way for the future... are making US brand names and US government agencies redundant.
It's like NASA saying the Bezos of the world cannot call themselves astronauts. NASA doesn't live up to it's own standards. That means that the new guys are going to create new standards and new definitions of those words and the old guys are going to be left behind running in the dust.