特朗普：无意“摧毁”马斯克旗下公司

Core Viewpoint - The public fallout between Elon Musk and former President Donald Trump raises concerns among investors about potential policy repercussions for Musk's companies, particularly regarding government contracts and subsidies [1][3]. Group 1: Relationship Dynamics - Musk previously supported Trump's presidential campaign and held a position aimed at improving government efficiency, but their relationship soured over the "Big and Beautiful" bill, which is seen as detrimental to Musk's interests in the renewable energy sector [3]. - Following the breakdown of their relationship, Trump threatened to terminate Musk's government subsidies and contracts, which are crucial for Musk's aerospace and defense contractor SpaceX [3]. Group 2: Financial Implications for SpaceX - Since 2008, SpaceX has earned over $22 billion from federal government contracts, including significant agreements with NASA and the U.S. Air Force, although this does not account for classified project revenues [4]. - Recent reviews by the Trump administration indicated that most of SpaceX's contracts are essential, suggesting limited immediate risk to these agreements despite the political tensions [4]. Group 3: Impact on Tesla - The "Big and Beautiful" bill will end the $7,500 tax credit for new electric vehicle purchases and the $4,000 credit for used electric vehicles starting September 30, which could increase the cost of purchasing Tesla vehicles and reduce consumer demand [5]. - Changes to CAFE standards in the bill may also decrease the demand for Tesla's carbon credits, which generated $2.8 billion in revenue in 2024, accounting for 16% of the company's gross profit [5]. - Tesla's Q2 financial results showed a 12% decline in revenue and a 16% drop in net profit, with automotive revenue, which constitutes nearly three-quarters of total revenue, also falling by 16% [5][6]. Group 4: Market Reaction - Following the announcement of potential challenges due to tariff costs and the expiration of federal electric vehicle subsidies, Tesla's stock price fell over 8%, closing at $305.3, marking a nearly 20% decline year-to-date [6].