Trump says Elon Musk is good, but Biden's plan to make more electric cars is bad. He thinks people who made the plan are not smart. The article also talks about how some car companies make cars in Mexico to avoid paying extra money in America. This makes it harder for American companies to compete with them. Read from source...
Article title: Trump Praises Elon Musk But Slams Biden's All-Out EV Strategy As Mandate Formed By 'Very, Very Stupid People'
1. The title is misleading and sensationalized. It implies that Trump supports electric vehicles (EVs) in general but not the specific policy proposed by Biden. This oversimplifies a complex issue and creates a false dichotomy between two leaders who have different views on EVs, trade, and innovation.
2. The article quotes Trump as saying "China is feeding us propaganda" and accusing them of stealing American jobs through subsidies and tariffs. However, the article does not mention that Trump himself imposed tariffs on Chinese imports, including EVs, in 2018, which also hurt American consumers and manufacturers. This is a case of hypocrisy and double standards on trade issues.
3. The article also mentions that Tesla's Gigafactory in Berlin has faced protests from environmental groups who oppose the use of coal power for battery production. However, the article does not acknowledge that Biden's EV strategy is also reliant on fossil fuels, such as natural gas, to produce hydrogen fuel cells and synthetic fuels. This shows a lack of nuance and balance in reporting both sides of the story.
4. The article cites Elon Musk as saying that "government intervention is necessary" for EV adoption, but does not provide any evidence or examples of how Musk's company, Tesla, has benefited from government subsidies and incentives. This could be seen as selective reporting and cherry-picking quotes to support a particular narrative.
5. The article ends with a mention of KraneShares Electric Vehicles and Future Mobility Index ETF, which is an investment product that tracks the performance of companies involved in EVs and related technologies. This seems irrelevant and out of place, as it does not add any value or insight to the main topic of the article, which is about Trump's and Biden's views on EVs and trade.
Given the recent news that Trump praises Elon Musk but slams Biden's all-out EV strategy as mandate formed by 'very, very stupid people', it is clear that there is a strong political polarization on the issue of electric vehicles. However, this does not necessarily mean that one should blindly follow either side of the political spectrum or disregard the potential benefits and risks of investing in EV-related companies and sectors.
Some possible ways to approach the investment decision are:
1. Diversify your portfolio across different types of assets, such as stocks, bonds, commodities, cryptocurrencies, etc., to reduce the exposure to any single market or sector that may be affected by political or economic changes.
2. Focus on the fundamentals of the companies and sectors you are interested in, such as their revenue growth, profitability, innovation, competition, customer loyalty, regulatory environment, etc., rather than solely relying on the opinions of politicians or analysts who may have biased or conflicting views.
3. Monitor the trends and developments in the EV industry and its related markets, such as battery technology, charging infrastructure, consumer preferences, government policies, etc., to identify emerging opportunities and threats that may impact your investment thesis and strategy.
4. Use technical analysis tools and indicators, such as charts, patterns, trends, moving averages, relative strength index, etc., to evaluate the price movements and volatility of the EV-related securities you are interested in, and use them to set your entry and exit points, as well as to adjust your position size and risk level.
5. Seek professional advice from a financial advisor or a registered investment advisor who can help you with your specific needs, goals, and preferences, and provide you with personalized recommendations and guidance based on your risk profile, time horizon, and expected returns.