Trump-Musk Interview: Will Markets Change?
At 8 p.m. on August 12, Trump and Musk held an online meeting lasting more than two hours.
Trump and Musk, two figures with great influence in the fields of politics and wealth, have formed an unexpected alliance.
Trump, the former US president, has become the strongest candidate for the next presidential election after an assassination attempt last month. Musk, the world's richest man, has become Trump's latest major supporter with a large amount of traffic through Tesla, SpaceX and social media X.
The two conducted a live interview on the X platform at 8 pm on August 12, which attracted widespread attention.
Musk has ensured the confidentiality of the interview, only saying that the conversation will be unscripted, the topic will not be limited, and promised to be entertaining. In addition, the company has conducted system expansion tests before the live broadcast to cope with the possibility of a surge in traffic.
The alliance between Trump and Musk is undoubtedly an important opportunity to increase exposure. While maintaining a relaxed atmosphere, Trump can also use this opportunity to promote his policies, such as revitalizing domestic manufacturing, electric vehicles, cryptocurrency, immigration, etc.
Musk has always claimed to be neutral, but expressed his support for Trump after he survived the assassination last month. Trump shouted "Fight Fight Fight" after surviving, inspiring patriotic feelings.
There are reports that Musk donates $45 million a month to a Trump-supported political action committee, and although Musk has denied this amount, he admitted that the actual donation amount is less, but the support is real.
Trump praised Musk at a recent rally: "I like Elon Musk... We have to make life better for smart people, and he is the smartest."
In this live interview, Musk may ask Trump about his heroic behavior and psychological journey after the assassination attempt, how to resolve past conflicts, and reach consensus on certain areas and views. This will help investors plan ahead.
For example, Musk's support may lead to a change in Trump's attitude towards electric vehicles, or a deeper understanding of Tesla. Trump said that because Musk "supports me very strongly", he "has no choice" but to support electric vehicles. However, he also pointed out that he only supports a small number of electric vehicles and believes that gasoline and hybrid options should continue to exist.
Therefore, Trump may support Tesla through tax incentives without requiring all car companies to transition to electric vehicles. Tesla is expected to benefit independently, and the related supply chain will also be boosted. Tesla's two super factories in California and Texas have also greatly promoted domestic manufacturing, which may win Trump's favor.
Both Musk and Trump are supporters of cryptocurrencies. Musk often talks about Dogecoin, Tesla has also purchased Bitcoin, and Trump actively promotes cryptocurrencies.
At the Bitcoin 2024 conference in late July, Trump said that if he is re-elected, he will ensure that the government retains 100% of Bitcoin reserves and designates Bitcoin as a strategic reserve asset. He added: "If cryptocurrency is going to define the future, I want it to be mined, minted and made in the United States. If Bitcoin is going to go to the moon... I want the United States to be the country that leads the trend."
In addition, they may also discuss a range of international issues. Musk has been increasingly active in political speeches recently, and considering the ongoing developments in the Middle East and the Russian-Ukrainian situation, Trump claimed that if elected, he could end the Russian-Ukrainian conflict in one day.
In addition, the Israeli-Palestinian conflict continues to escalate, and Trump may express his views on these issues. Of course, he may also criticize Biden and Harris, accusing them of their role in exacerbating these conflicts.
The Fed's interest rate cut has also attracted attention. Global financial markets have been volatile recently. Musk criticized the Federal Reserve last week for not cutting interest rates earlier, calling it a foolish move.
On the 8th, Trump said that the president should have a say in the Fed's decisions. He said: "I think the president should at least have a say in the Fed. For my part, I've made a lot of money, I've been very successful, and I think my intuition is better than many Fed members or chairmen."
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