Trump THREATENS Elon Musk [Tesla DUMPS 6%]
FULL TRANSCRIPT
Elon just responded to Musk's
deportation threat with quote so
tempting to escalate, but I will refrain
for now. Oh man. Well, it appears Elon
Musk didn't learn his lesson from the
very first time that going against a
Donald Trump just ends up leading to
some form of lash out that ends up
costing Tesla shareholders, at least in
the short term, or depending on how you
look at it, ends up creating a buy the
dip opportunity. Take a look at this. On
Friday, I wrote on X, Elon working
overtime against the big beautiful bill.
How will Trump respond to this? Some
folks responded with, "Well, Elon's not
wrong." This is a reference to, "Hey,
you know, we have too much debt in the
country and we should focus on the
debt." To which of course Donald Trump
responds, "Hey, yeah, the CBO might
think our debt's going to go up in the
near term, but we're going to outgrow
our debt." Which even Elon Musk
suggested is the best way to pay off the
debt. Outgrow the debt. Remember, there
are three ways to pay off the debt. One
is austerity, like you stop trash
service like Greece did. You save money
on things you were spending on. Cut,
cut, cut, and then you spend on paying
off the debt. Number two, you inflate it
away. Why do you think we always have a
2% inflation target? It's a lot harder
when you have a 2% deflation target. Or
you outgrow the debt and it just becomes
less relevant over time. We've outgrown
all of our World War II debt and there's
a lot of an expectation that we'll
outgrow today's debt as well as the
economy keeps growing, but that might
not go on forever. Someone else says he
won't be very happy about it. And
somebody else says they removed half of
Trump's agenda. It's possible that Elon
is not doing anything Trump doesn't want
him to do. In other words, this person
is suggesting that Elon's actually still
secretly shilling for Trump because half
of Trump's agenda is removed, which
isn't true, but okay. Uh then somebody
says Trump doesn't need to respond.
Virtually the entire Republican party
will tow the line and ignore Elon. Oh,
well that's exactly what did not happen.
As of this morning, Elon has now been
suggested by Donald Trump to have his
immigration status looked into. In other
words, Donald Trump is going to look
into deporting Elon Musk, which let's be
clear is ludicrous and isn't going to
happen. And Elon wrote on X last night,
"Elon Musk knew long before he so
strongly endorsed me for president, I
was strongly against the EV mandate. It
is ridiculous." And I was always and it
was always a major part of my campaign.
Uh, electric cars are fine, but not
everyone should be forced to own one.
Elon get may get more subsidy than any
other human being in history by far. And
without subsidies, Elon would probably
have to close up shop and head home to
South Africa. No more rocket launches,
satellites, or electric car production.
And our car or our country would save a
fortune. Perhaps we should have Doge
take a good hard look at this. Big money
to be saved, which is also somewhat the
ultimate irony because Elon Musk was
spearheading Doge. That said, there are
other reactions that we should look at
as well, including Elon Musk, uh, who,
as you can see here, says, "When are we
going to flatten the curve?" And here is
a well non-logarithmic just nominal
trans uh representation of the US
national debt which doesn't account for
inflation basically over time. Uh you
have uh Elon Musk responding to multiple
tweets over the last uh few days here
talking about how we need to create a
third party uh and double doubling down
on his previous June 5th tweet to create
a third party. Uh he uh says that we
let's see where was his tweet. He had a
tweet where he says, "I'm for all
subsidies going away." So he sort of
gosh, he's tweeted a whole lot more even
in the last six hours. I don't think he
slept at all. Uh but anyway, uh over the
last 10 hours or so, he says, "All I'm
asking is that we don't bankrupt
America. What is the point of the debt
ceiling if we keep raising it?" Again,
counter-arguments here being that, hey,
you can outgrow the debt. You don't have
to bankrupt America. And a
counter-argument to the debt ceiling is
we shouldn't have to vote on spending
twice. We should just have to vote on it
once. Uh and then the debt ceiling
shouldn't be there. Elon Musk says
hitting the debt ceiling is the only
thing that would force the government uh
to cut waste and fraud. That's why debt
sealing legislation exists. Other people
disagree with this. Uh Elon also at some
point here, there's so many tweets here,
goes on to say that all I'm asking for
is that we get rid of all subsidies. Uh
and this is a reference to the fact that
the big beautiful bill includes
subsidies now to things like coal and
takes away subsidies for things like
battery manufacturing in the United
States. Elon suggests that China is
going to catch up to us and of course
takes away not only subsidies for
electric vehicles but moves up the
subsidy uh expiration from the end of
the year to I believe August or
September somewhere in that time frame.
It moves it up a few months. On top of
that, it potentially charges electric
vehicles a $750 annual tax to help
maintain roads since electric vehicles
do not pay a gas tax, which is usually
incorporated in the price of gasoline.
So, these are all obviously
a whole host of counterpoints to each
other. Elon lashing out against the
debt, it's understandable. And a lot of
people in the comments are going to say
things like, "I agree with Elon. He's
right. But those are also likely the
same people who voted for Donald Trump.
So, you have to realize politicians are
just never going to cut spending.
They're going to keep spending. And in
fact, the best way usually to stop
government spending is to vote for a
divided Congress. Every time Americans
vote for a divided Congress, nearly
nothing gets done. Unless of course
something crazy happens like COVID where
both parties actually come together to
spend. Remember during COVID the only
reason we got our CARES Act was because
of the crisis that both parties came
together with to solve in a bipartisan
manner. However, we added to the
inflationary crisis that we created when
once again we went back to single party
rule as Joe Biden won. Democrats had
control of both chambers of Congress and
Kla Harris was the tiebreak vote in the
Senate. So in other words, spending will
almost always continue. So fighting
against government spending as Elon is
doing here, while it may come across as
noble, the best way usually to do it is
to break up the power of politicians
because they will always spend money.
Now, do I think that Elon Musk is going
to get deported? No. Do I think that
this is going to have longerterm
consequences? It depends. To me, just
like the very first time we warned about
this, which I also warned about this
over the last week, I said, "Be careful.
Elon lashing out against Donald Trump's
big beautiful bill is probably going to
lead out lead to some kind of lash out
by Trump." Best case scenario here, and
I warned about this in the alpha report
and the courses over at me.com. You can
go check it out if you want. The the
thing about the alpha or or rather the
let's focus on on Elon here. The thing
about Elon is this pain will pass once
this bill passes. So Elon's going to go
through his campaign. The bill is going
to pass
and then hopefully the pain can stop for
Tesla. And this is regardless of if
Donald Trump counterattacks Elon or not.
Once the bill passes, the focus for
Donald Trump will fade. And I think Elon
Musk's campaign against Donald Trump's
bill will also fade. So I do see this as
a temporary problem. And that's why I
started the video with some people who
are interested and motivated by Tesla
are going to see this as a buy the dip
opportunity. Note, if we do lose the 295
line, our next stop is closer to 260.
However, last time we bounced at 295 and
we went all the way back to 347, though
we did have the robo taxi catalyst. As
you can see, we never closed under 295
right here during the last lash out sess
session. Roboaxis got us back up and
then we slowly bled down to the next
lash out. So, what will happen again
going forward? Well, we'll see. Anyway,
subscribe for more and I'll keep you
updated. Why not advertise these things
that you told us here? I feel like
nobody else knows about this. We'll
we'll try a little advertising and see
how it goes. Congratulations, man. You
have done so much. People love you.
People look up to you. Kevin Pra there,
financial analyst and YouTuber. Meet
Kevin. Always great to get your take.
UNLOCK MORE
Sign up free to access premium features
INTERACTIVE VIEWER
Watch the video with synced subtitles, adjustable overlay, and full playback control.
AI SUMMARY
Get an instant AI-generated summary of the video content, key points, and takeaways.
TRANSLATE
Translate the transcript to 100+ languages with one click. Download in any format.
MIND MAP
Visualize the transcript as an interactive mind map. Understand structure at a glance.
CHAT WITH TRANSCRIPT
Ask questions about the video content. Get answers powered by AI directly from the transcript.
GET MORE FROM YOUR TRANSCRIPTS
Sign up for free and unlock interactive viewer, AI summaries, translations, mind maps, and more. No credit card required.