TL;DR

Trump’s announcement to declare a national energy emergency and revoke the EV ‘mandate’ raises skepticism and concerns about potential market manipulation and unintended consequences, similar to past financial crises.

Story

“Trump Declares National Energy Emergency, Promises to Revoke EV Mandate.” What does this even mean? And why should I care?

Let’s break it down like you’re five. Imagine your toy car runs on batteries, but a grown-up says batteries are bad and wants everyone to use gasoline again. That’s kind of what’s happening here. This announcement might make gasoline cheaper, which some people like, but it could also slow down the development of electric cars.

Trump claims this is a ’national emergency.’ Remember when you cried ’emergency’ because you ran out of cookies? Sometimes, grownups use that word too, even when things aren’t really that dire. I’m skeptical. Is it really an emergency, or just someone trying to help their friends who sell gasoline?

This whole situation reminds me of a carnival barker, promising a fantastic show but maybe delivering something less impressive. Some people might buy into it, but I’m looking at this with a raised eyebrow. Remember the housing bubble? Everyone thought houses would keep going up, up, up—until they didn’t. Let’s not get swept up in the hype and think critically about this.

People are arguing about whether this will be good or bad for Tesla. It might make it harder for other electric car companies to compete, which could be good for Tesla in the short term, but stifling competition isn’t always good in the long run. Look at what happened to Blockbuster when Netflix came along.

Overall, I’m pessimistic. These sudden announcements and policy shifts can create uncertainty in the market. Remember the game Jenga? Pull out the wrong block, and the whole tower can fall. We don’t know the long-term impact of this yet, but I’m worried about unintended consequences.

Advice

Don’t make any hasty investment decisions based on this announcement. Wait and see how things unfold before you jump on the bandwagon. Do your own research, and don’t get swayed by political rhetoric.

Source

https://www.reddit.com/r/wallstreetbets/comments/1i64al9/trump_says_he_will_declare_national_energy/