Is Tesla losing a Trump premium?
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 5 June 2025
⏱️ 6 minutes
🧾️ Download transcript
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Show Notes
ETF inflows surge
Episode transcripts: seekingalpha.com/wsb
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.8 | Good afternoon. Today is Thursday, June 5th, and I'm your host, Kim Khan. Our top story so far. Is Tesla losing the effect of a Trump put? |
| 0:18.4 | The relationship between Elon Musk and President Donald Trump |
| 0:21.1 | appears to have entered a new phase of pronounced tension and public disagreement. The Rift |
| 0:26.0 | centers on Trump's tax and spending legislation, dubbed the one big beautiful bill, and a series |
| 0:31.1 | of policy and personnel decisions that have appeared to have frustrated Musk, who is very |
| 0:35.2 | focused on the negative impact on the U.S. deficit of the bill. |
| 0:38.3 | This week, Musk unleashed a series of sharp posts on X, calling Trump's hallmark legislation a disgusting abomination, |
| 0:45.3 | and accusing it of being filled with massive, outrageous, pork-filled spending. |
| 0:50.3 | Musk argued that the bill would massively increase the already gigantic budget deficit and could bankrupt America due to the level of spending in comparison to tax receipts. |
| 0:59.3 | He even urged his followers to pressure Congress to kill the bill. |
| 1:03.2 | House Speaker Mike Johnson plans to speak with Elon Musk on Thursday as they clash over the bill. |
| 1:08.3 | That follows reports that Musk did not pick up a call from Johnson on |
| 1:11.3 | Wednesday. Digging into the TIF, the bill's proposed cuts to the electric vehicle tax credit |
| 1:16.2 | may have caught Musk by surprise, according to Wall Street analysts. The latest reports also indicate |
| 1:21.5 | that Elon Musk has frozen Trump's last $100 million commitment to the Trump re-election campaign |
| 1:26.9 | after the bromance hit its rough patch. |
| 1:29.6 | Looking ahead, the public disagreement could be resolved in a flash, or Trump could use |
| 1:33.8 | as considerable influence to make things a little trickier for Tesla and SpaceX as they look for |
| 1:38.6 | an easy path with government regulators. Chairs of Tesla were down 6% early Thursday after shedding 3.6% on Wednesday. |
| 1:46.6 | The stock is down 35% from its post-election high of 488-54. |
| 1:52.3 | On the economic front, the U.S. trade deficit narrowed sharply in April to 61.6 billion, |
... |
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