Trump-Musk Interview Matters: Tesla, Crypto Take Focus, More on Election and Economy

Unexpectedly, Trump and Musk, the greater powers of politics and wealth, have united. The former is the ex-President of the United States and, after surviving an assassination attempt last month, has become the strongest candidate for the next presidential election. The latter, as the world's richest man, controls massive traffic through Tesla, SpaceX, and social media X, and has become Trump's latest major supporter. These two will conduct a live interview on X at 8 PM ET on Monday, generating significant buzz.

Musk has also ensured confidentiality, only stating that the conversation will be unscripted, with no limit on subject matter, and entertainment guaranteed. Additionally, the company has conducted system scaling tests ahead of the live interview to avoid takedown from traffic surges.

Trump and Musk's union is undoubtedly a great opportunity for increased exposure. While maintaining a relaxed atmosphere, Trump can also leverage this opportunity to promote his policies, such as revitalizing domestic manufacturing, EVs, cryptocurrencies, immigration, and more.

The catalyst for Musk, who has always claimed to be neutral, to openly support Trump was the latter's survival of the assassination attempt last month, after which Trump raised his fist and shouted Fight Fight Fight, igniting patriotism. There were reports that Musk donates $45 million per month to Trump-supported PACs, although Musk denied this, he did acknowledge the donation amount was much less but the support was real. Trump also praised Musk at recent rally, "I love Elon Musk ... we have to make life good for us smart people. And he's as smart as you get," Trump said at the time.

In this live interview, Musk might ask Trump about his heroic actions and mental journey after the assassination attempt, how they resolved past conflicts, and reached consensus on certain areas and opinions. This will help investors plan ahead.

For instance, Musk's support has led to a change in Trump's attitude towards electric vehicles, or a better understanding of Tesla. Trump said he has 'no choice' but to support electric vehicles because Elon Musk 'endorsed me very strongly' last week. However, he also pointed out that he only supports a small number of electric vehicles and believes that gasoline and hybrid options should remain. Therefore, Trump might support Tesla through tax incentives, without requiring all auto companies to transition. Tesla is expected to benefit independently, and the related supply chain will also be boosted. Tesla's two gigafactories in California and Texas have also greatly promoted domestic manufacturing, which is likely to win Trump's favor.

Both Musk and Trump are crypto supporters. The former has frequently talked about Dogecoin, and Tesla has bought Bitcoin, while the latter has been fervently promoting cryptocurrencies. They clearly have much to discuss in this area. In late July, at the Bitcoin 2024 conference in Nashville, Tennessee, Trump stated that if he returned to the White House, he would ensure the government retains 100% of its Bitcoin holdings and would designate Bitcoin as a strategic reserve asset. If crypto is going to define the future, I want [it] to be mined, minted, and made in the USA, he added. If Bitcoin is going to the moon ... I want America to be the nation that leads the way.

Additionally, they might discuss a range of international issues. Musk has recently become more vocal about politics, and considering the ongoing developments in the Middle East and the Russia-Ukraine situation, Trump has claimed he could end the Russia-Ukraine conflict within a day if elected. Furthermore, the Israel-Palestine conflict continues to escalate, and Trump might express his views on these issues. Of course, he would also likely criticize Biden and Harris, denouncing their roles in escalating these conflicts.

The Federal Reserve's rate cuts have also drawn attention. Global financial markets have been volatile recently, and Musk criticized the Fed last week for not cutting rates sooner, calling it foolish. On the 8th, Trump stated that the President should have a say in the Fed's decisions. "I feel the president should have at least a say in there," Trump said. "In my case, I made a lot of money, I was very successful, and I think I have a better instinct than, in many cases, people that would be on the Federal Reserve, or the chairman."

Of course, there are a series of actions by President Biden that overturned Trump's initiatives, including green transition, the Mexico border wall, and immigration issues. Trump will certainly have a lot to say, expressing disdain for Harris and Biden. Considering the inherent humor of Musk and Trump, the discussion is likely to be both deep and entertaining.