Bill Ackman provides the three biggest reasons why he’s supporting Donald Trump over Kamala Harris.
Speaking to CNBC, he outlined his three main points:
1) The administration’s absolute weakness in foreign policy has emboldened its rivals and terrorist organizations, leading to the detriment of global security and the endangered the lives of those who’ve relied the most on American support.
“The US does not continue if we have some sort of World War 3, global confrontation and I think the world would become a much, much more dangerous place.”
2) The Harris-Biden administration’s open border policy and revocation of dozens of Trump executive orders that strengthened the border.
3) The weakening of the US economy, with the administration showing that it has “no real understanding of how the economy works” through the failure of Build Back Better.
$TSLA Summary - 03/20/2024
+:
1/ EV adoption +20-25% per yr
2/ Cybertruck halo effect
3/ Price hikes/Auto GM % bottoming
4/ New Elon Musk comp plan
5/ Fed starts cutting int rates
6/ FSD take rate incr./licensing deals
7/ $25K-$30K Next Gen launch FY’26
8/ Optimus production begins FY’26
-:
1/ 1Q and FY’24 deliv ests too high
2/ China price war
3/ M-Y inventories too high
4/ YoY auto rev growth now declining
5/ P/E re-rating risk w/ neg growth
6/ Trump presidency negative for EVs
$250 PT 6-12 mo
$TSLA Summary - 03/20/2024
+:
1/ EV adoption +20-25% per yr
2/ Cybertruck halo effect
3/ Price hikes/Auto GM % bottoming
4/ New Elon Musk comp plan
5/ Fed starts cutting int rates
6/ FSD take rate incr./licensing deals
7/ $25K-$30K Next Gen launch FY’26
8/ Optimus production begins FY’26
-:
1/ 1Q and FY’24 deliv ests too high
2/ China price war
3/ M-Y inventories too high
4/ YoY auto rev growth now declining
5/ P/E re-rating risk w/ neg growth
6/ Trump presidency negative for EVs
$250 PT 6-12 mo