Anti-Musk Propaganda Helps To Buy Tesla Low
The Trump-Musk so-called "public feud" issue has been most likely pulled out of thin air by global media syndicates. Or, at least, it seems far-fetched right at the moment, hardly sufficient to justify a more than 15% slump in Tesla share price on June 5, especially as this happened within only one trading session. Such a great chance here and now to get a very good, mostly perfect, double-digit discount on purchasing a very popular asset that has already gained momentum for the last couple of months. Tesla has fallen to almost $275, but I bet in a couple of weeks, if not a couple of days, it will be worth $50 more, and then it will pave the way again to $360 and then above $500, so we can assume the possibility of doubling the capital. Tesla bulls are always coming home soon! Also, the current price is right at the top of the previous range that Tesla had from April to mid-May, so it technically looks like a classic support area after the break, which followed that range trading. My conclusion was clear, so I bought right here and now.
Impossible to believe this story could actually have far-reaching consequences. In my opinion, some losing revanchists’ forces may potentially emerge in this strong leadership tandem, they are simply blowing this story out of its realistic proportion to make a big mountain out of a molehill. One or two social media posts or another friendly joint appearance by Musk and Trump will clear up this whole trash agenda soon, not to mention the bare fact that the world leader in innovation has a sustainable EV business, including the segment's dominative infrastructure, meaning not only cars as they are but also charge stations and accumulators, used by Tesla's rivals as well. The benefits of launching robotaxis and other related AI technologies will soon give Tesla a big profit and will leave no stone unturned against the arguments from the pessimistic camp.
However, Musk has previously said that he doesn't care about the withdrawal of tax credits, and Tesla will even benefit from this compared to competitors. Musk's real motive is that the bill continues to inflate the budget deficit and national debt, which his DOGE department, to which he was appointed by Trump, actually fought against as best it could. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts," Trump said in a Truth Social post, but these are only words. In his real life, I guess Trump will not be selling even his Bromance Red Tesla that he bought from Musk with a great public promo before. The drama is for the audience. A grandstand play, folks, to mute reputational risks of excessive closeness to each other in the first post-election months, and nothing more.
As to the bill itself, again, the fact is that this bill is clearly a compromise, and does not fully satisfy even Trump himself, but it must ensure his whole party's support and pass through Congress. This even makes Musk the right mouthpiece for expressing critical ideas, which is beneficial to Trump, and everything else is just a cover for this verbal game.
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