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Trump THREATENS Elon Musk [Tesla DUMPS 6%]

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FULL TRANSCRIPT

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Elon just responded to Musk's

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deportation threat with quote so

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tempting to escalate, but I will refrain

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for now. Oh man. Well, it appears Elon

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Musk didn't learn his lesson from the

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very first time that going against a

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Donald Trump just ends up leading to

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some form of lash out that ends up

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costing Tesla shareholders, at least in

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the short term, or depending on how you

0:25

look at it, ends up creating a buy the

0:27

dip opportunity. Take a look at this. On

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Friday, I wrote on X, Elon working

0:32

overtime against the big beautiful bill.

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How will Trump respond to this? Some

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folks responded with, "Well, Elon's not

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wrong." This is a reference to, "Hey,

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you know, we have too much debt in the

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country and we should focus on the

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debt." To which of course Donald Trump

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responds, "Hey, yeah, the CBO might

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think our debt's going to go up in the

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near term, but we're going to outgrow

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our debt." Which even Elon Musk

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suggested is the best way to pay off the

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debt. Outgrow the debt. Remember, there

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are three ways to pay off the debt. One

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is austerity, like you stop trash

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service like Greece did. You save money

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on things you were spending on. Cut,

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cut, cut, and then you spend on paying

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off the debt. Number two, you inflate it

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away. Why do you think we always have a

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2% inflation target? It's a lot harder

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when you have a 2% deflation target. Or

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you outgrow the debt and it just becomes

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less relevant over time. We've outgrown

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all of our World War II debt and there's

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a lot of an expectation that we'll

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outgrow today's debt as well as the

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economy keeps growing, but that might

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not go on forever. Someone else says he

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won't be very happy about it. And

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somebody else says they removed half of

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Trump's agenda. It's possible that Elon

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is not doing anything Trump doesn't want

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him to do. In other words, this person

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is suggesting that Elon's actually still

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secretly shilling for Trump because half

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of Trump's agenda is removed, which

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isn't true, but okay. Uh then somebody

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says Trump doesn't need to respond.

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Virtually the entire Republican party

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will tow the line and ignore Elon. Oh,

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well that's exactly what did not happen.

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As of this morning, Elon has now been

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suggested by Donald Trump to have his

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immigration status looked into. In other

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words, Donald Trump is going to look

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into deporting Elon Musk, which let's be

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clear is ludicrous and isn't going to

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happen. And Elon wrote on X last night,

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"Elon Musk knew long before he so

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strongly endorsed me for president, I

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was strongly against the EV mandate. It

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is ridiculous." And I was always and it

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was always a major part of my campaign.

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Uh, electric cars are fine, but not

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everyone should be forced to own one.

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Elon get may get more subsidy than any

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other human being in history by far. And

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without subsidies, Elon would probably

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have to close up shop and head home to

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South Africa. No more rocket launches,

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satellites, or electric car production.

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And our car or our country would save a

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fortune. Perhaps we should have Doge

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take a good hard look at this. Big money

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to be saved, which is also somewhat the

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ultimate irony because Elon Musk was

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spearheading Doge. That said, there are

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other reactions that we should look at

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as well, including Elon Musk, uh, who,

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as you can see here, says, "When are we

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going to flatten the curve?" And here is

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a well non-logarithmic just nominal

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trans uh representation of the US

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national debt which doesn't account for

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inflation basically over time. Uh you

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have uh Elon Musk responding to multiple

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tweets over the last uh few days here

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talking about how we need to create a

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third party uh and double doubling down

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on his previous June 5th tweet to create

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a third party. Uh he uh says that we

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let's see where was his tweet. He had a

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tweet where he says, "I'm for all

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subsidies going away." So he sort of

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gosh, he's tweeted a whole lot more even

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in the last six hours. I don't think he

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slept at all. Uh but anyway, uh over the

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last 10 hours or so, he says, "All I'm

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asking is that we don't bankrupt

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America. What is the point of the debt

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ceiling if we keep raising it?" Again,

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counter-arguments here being that, hey,

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you can outgrow the debt. You don't have

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to bankrupt America. And a

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counter-argument to the debt ceiling is

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we shouldn't have to vote on spending

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twice. We should just have to vote on it

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once. Uh and then the debt ceiling

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shouldn't be there. Elon Musk says

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hitting the debt ceiling is the only

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thing that would force the government uh

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to cut waste and fraud. That's why debt

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sealing legislation exists. Other people

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disagree with this. Uh Elon also at some

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point here, there's so many tweets here,

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goes on to say that all I'm asking for

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is that we get rid of all subsidies. Uh

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and this is a reference to the fact that

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the big beautiful bill includes

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subsidies now to things like coal and

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takes away subsidies for things like

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battery manufacturing in the United

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States. Elon suggests that China is

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going to catch up to us and of course

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takes away not only subsidies for

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electric vehicles but moves up the

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subsidy uh expiration from the end of

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the year to I believe August or

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September somewhere in that time frame.

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It moves it up a few months. On top of

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that, it potentially charges electric

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vehicles a $750 annual tax to help

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maintain roads since electric vehicles

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do not pay a gas tax, which is usually

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incorporated in the price of gasoline.

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So, these are all obviously

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a whole host of counterpoints to each

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other. Elon lashing out against the

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debt, it's understandable. And a lot of

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people in the comments are going to say

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things like, "I agree with Elon. He's

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right. But those are also likely the

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same people who voted for Donald Trump.

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So, you have to realize politicians are

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just never going to cut spending.

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They're going to keep spending. And in

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fact, the best way usually to stop

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government spending is to vote for a

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divided Congress. Every time Americans

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vote for a divided Congress, nearly

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nothing gets done. Unless of course

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something crazy happens like COVID where

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both parties actually come together to

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spend. Remember during COVID the only

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reason we got our CARES Act was because

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of the crisis that both parties came

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together with to solve in a bipartisan

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manner. However, we added to the

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inflationary crisis that we created when

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once again we went back to single party

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rule as Joe Biden won. Democrats had

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control of both chambers of Congress and

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Kla Harris was the tiebreak vote in the

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Senate. So in other words, spending will

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almost always continue. So fighting

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against government spending as Elon is

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doing here, while it may come across as

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noble, the best way usually to do it is

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to break up the power of politicians

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because they will always spend money.

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Now, do I think that Elon Musk is going

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to get deported? No. Do I think that

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this is going to have longerterm

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consequences? It depends. To me, just

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like the very first time we warned about

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this, which I also warned about this

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over the last week, I said, "Be careful.

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Elon lashing out against Donald Trump's

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big beautiful bill is probably going to

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lead out lead to some kind of lash out

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by Trump." Best case scenario here, and

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I warned about this in the alpha report

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and the courses over at me.com. You can

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go check it out if you want. The the

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thing about the alpha or or rather the

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let's focus on on Elon here. The thing

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about Elon is this pain will pass once

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this bill passes. So Elon's going to go

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through his campaign. The bill is going

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to pass

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and then hopefully the pain can stop for

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Tesla. And this is regardless of if

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Donald Trump counterattacks Elon or not.

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Once the bill passes, the focus for

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Donald Trump will fade. And I think Elon

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Musk's campaign against Donald Trump's

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bill will also fade. So I do see this as

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a temporary problem. And that's why I

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started the video with some people who

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are interested and motivated by Tesla

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are going to see this as a buy the dip

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opportunity. Note, if we do lose the 295

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line, our next stop is closer to 260.

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However, last time we bounced at 295 and

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we went all the way back to 347, though

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we did have the robo taxi catalyst. As

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you can see, we never closed under 295

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right here during the last lash out sess

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session. Roboaxis got us back up and

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then we slowly bled down to the next

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lash out. So, what will happen again

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going forward? Well, we'll see. Anyway,

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subscribe for more and I'll keep you

9:03

updated. Why not advertise these things

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that you told us here? I feel like

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nobody else knows about this. We'll

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we'll try a little advertising and see

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how it goes. Congratulations, man. You

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have done so much. People love you.

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People look up to you. Kevin Pra there,

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financial analyst and YouTuber. Meet

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Kevin. Always great to get your take.

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