Elon Musk and Trump Will Make Up, Says Tesla Bull Dan Ives

요약 보기

머스크-트럼프 설전이 테슬라 시총을 1500억달러 이상 흔들었으나 일시적 갈등으로 보고 주말 전후 화해를 예상. 자율주행 비전과 규제 우위는 유효하며 테슬라는 과매도 상태라 기회라고 주장. 다만 장기화되면 큰 악재이며 브랜드 손상(5~10%)과 중국 시장 리스크를 인정. 이사회 개입 필요성도 언급.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. The fact that you do not change your bullish outlook on Tesla, even though it seems like there is a massive command risk. Please explain how you dismiss that. Look, I mean, this is its friend. It's a good friend of me is in junior high school that's essentially going on between Trump and Musk for billionaires and leaders of massive empires.

02. And the reality is that our view is that this is something where the friendship doesn't end. In other words, I still believe that this will be resolved potentially by the end of day or by the weekend. And it's not our view that this changes the regulatory landscape for Musk when it comes to autonomous and the broader vision.

03. How do we even talk about the fundamental backdrop, though, when you have a war of words whipsawing this company by more than $150 billion of market capitalization, does that introduce a risk that a lot of institutions just won't take? We always talk and we've come on the show for, you know, a decade.

04. It comes down like with Tesla. That's the reality. I mean, you're going to have the volatility. It's part of what we've seen with Musk. But in our view is that you have to have stores, see through the noise, understand the autonomous vision. It's our view only waymo's the kids table when it comes to autonomous and the future.

05. And look, this is it's Rod Serling. It's an episode out of The Twilight Zone yesterday. And my opinion in all my years covering Tesla, it might win the prize. Top three, maybe top one for one of the strangest days that I've ever seen. So last year, Elon Musk said, Take away the subsidies. It only help Tesla.

06. Why does he or based on reporting out of the Speaker Johnson and President Trump, why has there been this reversal from him regarding the EV subsidies he's no longer in the White House. I mean, you've talked about it. It comes down to he's now trying to distance himself for a few reasons. One that would hurt not as much as the others in terms of the Detroit Big three.

07. But then you also look at what's happening here. I believe there's some poker going on as well, that he's trying to distance himself from Trump because of China, because he also needs to play nice in the sandbox in Beijing with everything that we see as given the China market raw materials, how important that is from a demand perspective.

08. He's trying to be shrewd, I think balances. And for Musk, even though some of it could come out sort of spur of the moment, I do believe potentially there's a longer game here. Is he rebranding for a midterm election where most people think the Republicans are going to get an absolute shellacking? Well, look, and the reality is, is that that's why in D.C., I mean, you know, if you're if you're a hater, a lover of musk, he is going to be a huge player.

09. And that's why for all parties, that's why White House, you know, it seems trying to put together this phone call because no one's a winner, Trump or Musk, in this frenemies battle. I think it's two kids in the sandbox. I do think the playdate will be back on at one point. It's just going through definitely some little tension here.

10. But you're you're actually suggesting something that's pretty important, that there is an aspect of deliberateness to this by Elon Musk to revive the brand around Tesla, to try to paint it with a less MAGA type of brush after a lot of blowback and a lot of falloff in sales, particularly outside of the United States, do you really think that actually this is a vocal way of his distancing himself and that he can get back in good with President Trump?

11. But this is an effort to revive a brand that suffered a black eye, just like Elon Musk. Look, I think there's some of that potentially in play, but you don't burn the house down just so you can meet the firefighters. I mean, the point is you need to navigate the situation very carefully. You need Trump as a friend, not a foe.

12. And that's why it has slowed down so much, is because the fear and the regulatory, it's going to be a green light for when it comes to autonomous and especially Tesla and I view is a huge advantage here. You could say Waymo will as well. You don't need Trump now as an enemy. You need him as a friend.

13. Hopefully by the end of the day the can though, I dinner's back on. I just do not believe that these friends become enemies. It's again, it's a frenemy junior high school situation between two is we know very stubborn individuals let's say in episode six they still haven't gotten back together. Do you change your view and become more bearish on Tesla?

14. Look, if this continues to continue to play out longer and longer term, obviously that would be a huge negative. But my view, just a junior high school, they will get back together as friends, but it's going to take some intermediaries. That's why the White House, there's a lot in DC on the Republican Party and everywhere.

15. The distance is already there. And there's some things that happened yesterday that potentially the White House are really upset with and maybe are going to create a lot of tension for a long term, even if they start playing a little bit nicer. Is this an opportunity potentially for China to use booted?

16. We're going to see big cars made in the United States. Look, I think this is just a broader game of poker going on. And Musk and Trump are key players at. That poker baccarat table, however you want to think about it. China definitely is watching this carefully because remember, Musk is, I'd say along with Cook, I mean know to know the China market better.

17. They all should play nice in Beijing as well. So there is some bounds going on here. But look, Musk, we want him to distance himself from Trump, still be a friend. It's been a very strange few weeks, few months and obviously 24 hours. But I do believe by the end of the day and going into the weekend, I don't expect this to get worse.

18. I do believe this will start to be cooler heads prevail and that's why Tesla stock will be up, too. I think Tesla is way oversold waiting. Lest you think draconian, this goes into like a dark period. To me, I think we view this as an opportunity. So then let's get back to the American consumer for a second.

19. So what I hear you saying is you're assuming that Elon is not going to form a third political party, which I think we can all say we're relieved about. Has what's happened caused a measure of irreversible damage? And if not, how long is it going to take for the American consumer to disentangle him or herself from the politics of all?

20. First, I'm disappointed. I feel we matching today, but I'm not going to say sartorial splendor. I think so. But it's very it's filed fast. Look, I don't I don't view that. I think it's something there is brand damage and there is there is things that Musk needs to turn around terms us, which is five, seven, potentially 10% brand damage the American consumer.

21. Look, I think there's confusion when it comes to us because obviously alienated many in the Democratic Party. Now you're actually alienating the Republican. So now it's like if you want to alienate everyone, you've actually done a great job. Okay. So now it's like, okay, how do we sort of build this back?

22. Does the board get involved? Because again, it goes back to the board needs I think in a situation like this, they do need to play a hand in some way to make sure that this doesn't go off the rails.