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| I suppose it’ll depend on the definition of made in America. Idk how much is made in America but he was posting some info graphics saying teslas are made 90% in America. Far more than anyone else.
The main competition for him seems like it’ll be Chinese ev’s. And those are 100% not made in America.
Idk how it plays out for the rest of America. But I think Tesla will go up. Saw an article blaming Elon for the rise in unemployment because of firing so many govt workers.
The interest rates are part of the swaps and he needs them to go down and the feds FIRST mandate is to maintain full employment
Some say These tariffs might increase inflation but Powell seems hesitant. I suspect if it gets bad enough (there’s already signs of American consumer weakening, evidence by credit card debt, car payment delinquencies and even Walmart ceo saying it’s looking bad and this was all before the tariffs) consumers will begin to cut back on all types of spending. This will drop overall revenue growth of companies and even tho tariffs are in place for certain things, I suspect companies will begin to lower prices in a bid to recapture lost revenue. Profits are important but revenue growth is also important. Would hate to see revenue go stagnant. That would really be a slowing in the economy.
Commodity prices have also fallen quite a bit and I suspect they will change how they read inflation like they did last term change. And these lowering prices will be better reflected in the inflation report.
Which again all this is just setting the stage for interest rate cuts.
But that’s just like my opinion man and I’m not that smart
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Elon Musk pushes for free trade, fires shots at Navarro
