Pivot How Trump’s Second Term Could Be Bad For EVs, But Great For Tesla | Decoder
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Nov 29, 2024 
Nilay Patel, Editor-in-chief of The Verge, is joined by Andy Hawkins, Verge's transportation editor, to discuss the complex interplay between politics and electric vehicles. They unravel how a potential second Trump term could hinder EV adoption yet paradoxically benefit Tesla. The duo explores Musk's political ties, the impact of tariffs on the auto industry, and the shifting landscape for traditional automakers versus emerging EV startups. It's a fascinating look at how technology, climate policy, and market dynamics intertwine in this rapidly evolving sector.
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Elon's Political Journey
- Elon Musk claims he voted for Obama and Clinton, and possibly Biden in 2020.
- He now advises Trump, despite previously wanting a "normal" president.
Elon and Government
- Elon Musk's companies, especially SpaceX, are deeply intertwined with the government.
- He aims to maintain and expand these profitable relationships.
Tesla's Valuation
- Tesla's high stock valuation relies on promises of robo-taxis and AI, not current car sales.
- Trump's presidency doesn't directly accelerate these software advancements.