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
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.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.
一位基金經理週一表示，自2022年以來，特斯拉公司（納斯達克代碼：TSLA）的表現疲軟與拜登總統的政策無關。
What Happened: "The reason $TSLA hasn't done well under the Biden Presidency has nothing to do with Biden," said The Future Fund LLC Managing Partner Gary Black. The fund manager attributed the weakness to Tesla's successive price cuts that proved inelastic and did not lift volume, he said.
未來基金公司管理合夥人Gary Black表示：“$TSLA在拜登政府下表現不佳的原因與拜登無關。”基金經理認爲，這是特斯拉連續降價所導致的虛弱表現，價格下調沒有提振成交量，他說。
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，他指出特斯拉受益於7500美元的聯邦電動汽車稅收抵免。如果沒有拜登的7500美元的EV稅收減免，則TSLA將表現更糟，他說。
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還插手了選舉辯論。“那些期望 [唐納德]特朗普/[J.D.]範斯在2024年贏得壓倒性勝利的人，是因爲在辯論後很清楚拜登會退出競選，他說。他補充道：如果副總統卡瑪拉·哈里斯在民意調查中落後於特朗普，而民主黨人不太可能讓她成爲黨內頭號人物。
"Right now it's a dead heat, but I predict that will change in Trump's favor in the coming weeks," Black said.
“現在是平局，但我預測這將在未來幾周變爲有利於特朗普的情況，”Black說。
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.
爲什麼重要：儘管特斯拉CEO馬斯克已正式支持共和黨總統候選人特朗普，但分析師對特朗普總統當選對電動汽車製造商的影響看法不一。特斯拉支持者Daniel Ives表示，特朗普連任總統將是整個電動汽車行業的巨大負面影響，因爲可能會取消電動汽車的折扣/稅收激勵措施。但這對特斯拉有潛在的積極影響，因爲該公司“在EV行業中擁有無與倫比的規模和範圍，這種動態可能爲馬斯克和特斯拉帶來明顯的競爭優勢，”他說。
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的管理成員Mark Spiegel認爲，7500美元的補貼的取消將影響特斯拉已經受損的利潤率。他還認爲特朗普會取消電動汽車的強制標準，這將可能奪走特斯拉大部分高利潤的監管信用額度。
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.
特朗普在上週舉行的共和黨全國代表大會上表示，他將在第一天結束對電動汽車的聯邦支持，他認爲這對於防止汽車工業被摧毀是必要的。然而，在上週六密歇根州的競選集會上，特朗普放低了對電動汽車的言論，澄清他只是反對100％的電氣化。
Tesla ended Friday's session down 4.02% at $239.20, according to Benzinga Pro data.
根據Benzinga Pro的數據，特斯拉週五下跌4.02％至239.20美元。