Seeing. On one hand, we’ve been making this point in the commercial break. What do investors expect to get for Tesla out of Elon Musk’s relationship with the president? Yeah, so two things going on. One is that Elon Musk has made this hard pivot away from the autos business towards what he calls full self-driving robotaxis. That business is very speculative, right? It’s not clear when it’s going to start to make money, when it’s going to start to be real. They do not have a robotaxi yet. The other thing that’s going on is his political sort of antics in Washington is starting to alienate parts of Tesla’s customer base. You think of a typical Tesla driver. This is like upper middle class person who lives in the suburbs and cares about climate change. Not necessarily likely to be impressed by like a, you know, pot stirring social media troll. So so I think there’s some of that going on. You’re seeing it more dramatically in Europe than in the US, but you are seeing it a little bit in the U.S., too, it seems. Yeah, He’s lost, what, $90 billion? Year to date Will Shaker in the control room looking at his wealth for us $90 billion year to date, which still makes him an incredibly wealthy person. Does he really care that much to make some of it up on some of the other enterprises? He’s getting StarLink deals with the relationship to the FAA. So worth saying, at least I checked, he’s still up since the election. I mean investor I think it’s no longer this insane increase, probably between ten and 20% or something. And as you say, he is doing well. He is still wealthy and he does have these other venues to to increase his net worth. We’ve seen space X’s valuation is actually coming up quite a bit because there and now it’s a private company. So it’s the dynamics aren’t exactly the same. But there there’s a much clearer story of how does Elon Musk profit from his proximity to Trump with Tesla? Much less clear. I do think Elon Musk cares about Tesla’s valuation, both because, you know, it’s just who he is. He cares about the company, but also because he is not the most liquid person in the world. This stock is still an enormous part of how he’s going to be able to finance other deals if he wants to, you know, start a seventh company here, which which you never know. He could do that or do a buyout or something. So so he is going to care about this. It’s just not clear, I’d say how much. You know, we talk about Elon Musk as though he’s been distracted just by politics. But to your point on other companies, I don’t know if you saw the scoop this week that we had. Of course, I so I work here. But you were driving hogs. Who? I know, but it had a green bean. So. Yes, I look, look, that’s not going to make up for the amount that he’s lost at test, but the amount of influence and power, I think the power is key. And that seems to be what he is. Hi, Elise. One of the things that he’s high on right now, so in terms of his actual job, his main focus right now should be cutting US government spending. Is that an angel? I think so, yeah. Isn’t it? At the moment he’s in Washington every single day writing emails to the White House every single day. He’s not in Fremont. So if his main job is cutting government spending, is he really going to be successful in that endeavor when right now he’s just sort of angering federal workers, which makes such a small percentage of the budget? I mean, look, I think that I think there are things that Doege is doing that probably could be successful. It’s just that when you’re, as you say, mad, like when you’re going after the federal workforce, which is a very small part of the budget, plus, you know, doing a lot of things where there’s potential for litigation for employees to be called back to work, you know, for for lots of ways in which this could sort of go sideways. The other thing I want to say is, as much as these companies are independent, their valuations are definitely linked. And you could like if you own Musk, if if Tesla falls dramatically, it that could affect space X’s valuation because it also benefits from the Elon Musk aura, from the Elon Musk brand. All of these companies do. And we’ve seen all of their valuations go up. You know, in the wake of the election. You could you could see the same trend in reverse. And I think ultimately, you know, people talk about like what could what could drive Trump and Iran apart? Is Trump going to get so mad at Elon Musk? I think a more likely outcome would be Elon Musk decides that this is hurting his companies and it hasn’t yet. Right. Because the because even with Tesla’s even with what’s been going on today, you know, the stock is still, you know, relatively high. But but it could and you could see you could see that lead to a political shift.
