Dear Reader,
Today I want to talk about Tesla.
It’s like we’ve got to talk about Elon Musk or Tesla at least once a week these days, which is new for me.
I admire Elon Musk.
He’s one of my faves.
He’s like a real life Tony Stark, Iron Man.
Elon Musk is going back to Tesla full time.
He’s doing the robotaxis. He’s doing all the things.
I don’t own Tesla (SYM: TSLA).
I admire Musk greatly.
He’s one of the smartest human beings on the planet, obviously. A really aggressive go-getting, which is fabulous.
But I’ve always thought Tesla stock traded more like Tesla was a movement than based on the economics of a car company.
So anyway, Musk goes into government, has this great big blowup with the President, goes back to the company full-time, and now they start to downgrade it.
Just because he has a beef with the President?
Really? You didn’t downgrade it before?
So folks have been asking me lately, “would you be buying or selling?”
And I’ll tell you, I’ve never owned Tesla stock. But if Starlink were public, I’d own the heck out of that. They’ve got a good thing going over there.
Or SpaceX, if that were public. SpaceX basically has a monopoly on rockets! It’s crazy.
Starlink you could play indirectly in a couple of ways we’ve talked about in a special report we have.
Imagine a company that becomes the backbone of everything Elon is building - an AI that could power Tesla, Starlink, and more.
Elon’s new AI startup could redefine the industry and create 10-times more American millionaires than Tesla ever did.
This isn’t just another AI story.
It’s what I predict is Elon’s “Final Move.”
The impact could be enormous.
But you gotta feel a little sorry for Elon.
He’s a guy who knows we have a debt crisis, knows we’re going broke, a true believer, and goes out there and recruits all his friends and says we’re going to save America from default, from a budget crisis.
This is his perspective.
So he recruits all his friends, puts all his credibility on the line, watches his car company blow up in an effort to save this country from bankruptcy…
“You wanna cut EV subsidies? Go ahead and cut ‘em. We’ll all deal with it. We’ll all make sacrifices.”
He watches Tesla sales get crushed on this.
If I were in his shoes I’d be thinking, “it’s okay… I’m saving my country. It’s worth it. It’s worth it.”
And then all of a sudden, you see the bill that passes the House cuts only his credits and leaves everyone else the same…
Cars… steel… oil and gas. Leaves all the pork.
You gotta feel for him a little bit.
He was the patsy.
He took on all this reputational risk, and was the only guy to make a sacrifice?
He basically torches his company under the idea that his sacrifice comes with a more responsible budget bill.
He got a good lesson on how politics really works.
We know we have a debt issue.
We know we have trouble in this country and that a crisis is coming.
In fact, Elon posted something about this on X, and used the very same chart we used in Midnight in America.
We are looking at the same numbers, and coming to the same conclusions.
It’s disturbing when you can see we are headed for this financial crisis, and you don’t know when.
As Jamie Dimon said last week, is it six months? Four years? The only certainty is that both parties are completely responsible. No doubt about that.
If you haven’t downloaded our bear market playbook, do it now. You want to have it at the ready before the stuff hits the fan. Here’s that download link.
Back to Tesla - I think it’s good to have Musk back at the company.
That said, I know a big chunk of Tesla’s profits come from credits, and those are going to be gone, apparently.
So he’s going to have to figure out a way to make Teslas cheaper.
If there’s anybody on the planet who can do that, it’s him.
He’s just relentless. He doesn’t give up.
And in terms of the Optimus humanoid robot angle, what do I think about that?
I think robotics in all areas are the future.
The person driving that just resigned from the company this week. We don’t know if he was pushed out or what.
Now that Elon’s back, he might have come back and realized this was the wrong guy for the job.
So we’ll see how all that plays out.
That’s all I have for today.
Have a wonderful Thursday.
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