Elon Musk May Have Endorsed Trump, But Tesla Would Have Done 'Even Worse' Without Biden's $7.5K EV Tax Credit, Says Fund Manager
Elon Musk May Have Endorsed Trump, But Tesla Would Have Done 'Even Worse' Without Biden's $7.5K EV Tax Credit, Says Fund Manager
Tesla, Inc. (NASDAQ:TSLA) weak performance seen since 2022 is its own doing and has nothing to do with President Joe Biden's policies, said a fund manager on Monday.
一位基金经理周一表示，自2022年以来，特斯拉公司（纳斯达克代码：TSLA）的表现疲软与拜登总统的政策无关。
What Happened: "The reason $TSLA hasn't done well under the Biden Presidency has nothing to do with Biden," said The Future Fund LLC Managing Partner Gary Black. The fund manager attributed the weakness to Tesla's successive price cuts that proved inelastic and did not lift volume, he said.
未来基金公司管理合伙人Gary Black表示：“$TSLA在拜登政府下表现不佳的原因与拜登无关。”基金经理认为，这是特斯拉连续降价所导致的虚弱表现，价格下调没有提振成交量，他说。
On the other hand, Tesla benefited from the $7,500 federal electric vehicle tax credit, he pointed out. "Absent Biden's $7,500 EV credit, TSLA would have done even worse," he said.
另一方面，他指出特斯拉受益于7500美元的联邦电动汽车税收抵免。如果没有拜登的7500美元的EV税收减免，则TSLA将表现更糟，他说。
Black also waded into the election debate. "Those expecting a [Donald] Trump/[J.D.]Vance landslide in 2024 were getting ahead of themselves since it was pretty clear after the debate that Biden would drop out of the race," he said. If Vice President Kamala Harris, who has been endorsed by Biden after he stood down, is way behind Trump in opinion polls, the Democrats are unlikely to put her at the top of the ticket, he added.
Black还插手了选举辩论。“那些期望 [唐纳德]特朗普/[J.D.]范斯在2024年赢得压倒性胜利的人，是因为在辩论后很清楚拜登会退出竞选，他说。他补充道：如果副总统卡玛拉·哈里斯在民意调查中落后于特朗普，而民主党人不太可能让她成为党内头号人物。
"Right now it's a dead heat, but I predict that will change in Trump's favor in the coming weeks," Black said.
“现在是平局，但我预测这将在未来几周变为有利于特朗普的情况，”Black说。
Why It's Important: Even as Tesla CEO Elon Musk has officially endorsed the Republican presidential nominee, Trump, analysts are divided about the implications of a Trump presidency for the EV maker. Tesla bull Daniel Ives said a second term for Trump would be an overall negative for the EV industry, given the likelihood of the EV rebates/tax incentives getting pulled. But it is a potential positive for Tesla, given the company "has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment," he said.
为什么重要：尽管特斯拉CEO马斯克已正式支持共和党总统候选人特朗普，但分析师对特朗普总统当选对电动汽车制造商的影响看法不一。特斯拉支持者Daniel Ives表示，特朗普连任总统将是整个电动汽车行业的巨大负面影响，因为可能会取消电动汽车的折扣/税收激励措施。但这对特斯拉有潜在的积极影响，因为该公司“在EV行业中拥有无与伦比的规模和范围，这种动态可能为马斯克和特斯拉带来明显的竞争优势，”他说。
Stanphyl Capital Managing Member Mark Spiegel sees the removal of the $7,500 subsidy impacting Tesla's already battered margins. He also sees Trump doing away with the EV mandates, which will likely take away much of Tesla's high-margin regulatory credits.
Stanphyl Capital的管理成员Mark Spiegel认为，7500美元的补贴的取消将影响特斯拉已经受损的利润率。他还认为特朗普会取消电动汽车的强制标准，这将可能夺走特斯拉大部分高利润的监管信用额度。
Trump said at the Republican National Convention held last week that he will end federal support for EVs on day one, which he thinks is essential to keep the auto industry from being obliterated. However, at a campaign rally in Michigan on Saturday, Trump toned down his rhetoric against EVs and clarified that he is against only 100% electrification.
特朗普在上周举行的共和党全国代表大会上表示，他将在第一天结束对电动汽车的联邦支持，他认为这对于防止汽车工业被摧毁是必要的。然而，在上周六密歇根州的竞选集会上，特朗普放低了对电动汽车的言论，澄清他只是反对100％的电气化。
Tesla ended Friday's session down 4.02% at $239.20, according to Benzinga Pro data.
根据Benzinga Pro的数据，特斯拉周五下跌4.02％至239.20美元。