Benzinga

España
Italia
대한민국
日本
Français
Benzinga Edge
Benzinga Research
Benzinga Pro

  • Get Benzinga Pro
  • Data & APIs
  • Events
  • Premarket
  • Advertise
Contribute
España
Italia
대한민국
日本
Français

Benzinga

  • Premium Services
  • Financial News
    Latest
    Earnings
    Guidance
    Dividends
    M&A
    Buybacks
    Interviews
    Management
    Offerings
    IPOs
    Insider Trades
    Biotech/FDA
    Politics
    Healthcare
    Small-Cap
  • Markets
    Pre-Market
    After Hours
    Movers
    ETFs
    Options
    Cryptocurrency
    Commodities
    Bonds
    Futures
    Mining
    Real Estate
    Volatility
  • Ratings
    Analyst Color
    Downgrades
    Upgrades
    Initiations
    Price Target
  • Investing Ideas
    Trade Ideas
    Long Ideas
    Short Ideas
    Technicals
    Analyst Ratings
    Analyst Color
    Latest Rumors
    Whisper Index
    Stock of the Day
    Best Stocks & ETFs
    Best Penny Stocks
    Best S&P 500 ETFs
    Best Swing Trade Stocks
    Best Blue Chip Stocks
    Best High-Volume Penny Stocks
    Best Small Cap ETFs
    Best Stocks to Day Trade
    Best REITs
  • Money
    Investing
    Cryptocurrency
    Mortgage
    Insurance
    Yield
    Personal Finance
    Forex
    Startup Investing
    Real Estate Investing
    Prop Trading
    Credit Cards
    Stock Brokers
Research
My Stocks
Tools
Free Benzinga Pro Trial
Calendars
Analyst Ratings Calendar
Conference Call Calendar
Dividend Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Unusual Options Activity Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Stock Reports
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Free Newsletter
Government Trades
Perfect Stock Portfolio
Easy Income Portfolio
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
Forex Profit Calculator
100x Options Profit Calculator
Screeners
Stock Screener
Top Momentum Stocks
Top Quality Stocks
Top Value Stocks
Top Growth Stocks
Compare Best Stocks
Best Momentum Stocks
Best Quality Stocks
Best Value Stocks
Best Growth Stocks
Connect With Us
facebookinstagramlinkedintwitteryoutubeblueskymastodon
About Benzinga
  • About Us
  • Careers
  • Advertise
  • Contact Us
Market Resources
  • Advanced Stock Screener Tools
  • Options Trading Chain Analysis
  • Comprehensive Earnings Calendar
  • Dividend Investor Calendar and Alerts
  • Economic Calendar and Market Events
  • IPO Calendar and New Listings
  • Market Outlook and Analysis
  • Wall Street Analyst Ratings and Targets
Trading Tools & Education
  • Benzinga Pro Trading Platform
  • Options Trading Strategies and News
  • Stock Market Trading Ideas and Analysis
  • Technical Analysis Charts and Indicators
  • Fundamental Analysis and Valuation
  • Day Trading Guides and Strategies
  • Live Investor Events
  • Pre-market Stock Analysis and News
  • Cryptocurrency Market Analysis and News
Ring the Bell

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

  • Terms & Conditions
  • Do Not Sell My Personal Data/Privacy Policy
  • Disclaimer
  • Service Status
  • Sitemap
© 2026 Benzinga | All Rights Reserved
July 21, 2024 11:06 AM 3 min read

Elon Musk Is 'As Smart As You Get,' Says Trump, As Ex-President Tones Down EV Rhetoric

by Shanthi Rexaline Benzinga Editor
Follow
FlipboardIcon version of the Flipboard logo

After Tesla CEO Elon Musk endorsed him following a failed assassination attempt at a rally in Pennsylvania, Donald Trump spoke about Musk during a campaign speech in Michigan on Saturday, expressing his admiration for the billionaire tech entrepreneur.

Loves Elon: “I love Elon Musk,” said Trump at the rally, a video clip of the speech shared by a Tesla influencer showed.

The former president also clarified his electric-vehicle stance, saying that he is fully for them.

“But whatever the market says and if it's 10% of the market 12%, 7%, 20%, whatever it is, it's okay. You can't have 100% electric cars,” he said. “Every time, I call him he's talking about ‘I got a new idea for a rocket you have to hear this.'”

Musk also runs SpaceX, a company founded in 2002 that focuses on spacecraft manufacturing, space launches, and satellite communications. The company’s main goals are to reduce the cost of space travel and to facilitate the colonization of Mars.

Trump described SpaceX’s technology as being far more advanced than what the government could achieve.

“I'm watching television like three years ago and I see a rocket engine … come down landing straight up — no wings, no nothing — and it's landing,” he said. “It’s landing on a barge in the middle of the ocean and then another one comes down and another one, another one, I guess four of them came down, three or four, and they land upright.”

“I'd never seen that before. Now that with government, you wouldn't see that for another 50 to 100 years, but it was Elon,” Trump said.

The Republican presidential candidate said he called Musk to ask what he had just seen.

“I said that's the coolest thing I've ever seen and you say how long would it take government to come up with that one. I don't think they ever heard of it and perhaps they still haven't heard of it,” Trump told the crowd.

Voicing his support for Musk, Trump added, “We have to make life good for our smart people you know. We have some smart people. We have to make life good for our smart people, and he's as smart as you get.”

Read Next: Trump-Vance Administration Will Be ‘Terrible’ For Tesla, Says Bear: Elon Musk ‘Has Completely Alienated Most Of His Buying Base’

On Musk’s Endorsement, EVs: Trump said he read that Musk had pledged $45 million a month to his campaign, but Musk did not mention it to him.

“I talked to him just a little while ago to say I was coming here … and he didn't even … mention [the pledge],” Trump said.

“No, this Is a great guy, he really is, but you know, he's never mentioned to me why are you hitting the electric vehicles because he understands I'm not hitting it,” Trump said.

The former president appeared to reverse his previous stance on EVs, praising them and stating that he finds them impressive. However, he noted that EVs might not be suitable for everyone, particularly those who need to drive long distances, likely referencing concerns about range and charging infrastructure.

See Also:

  • Best EV Stocks

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.


Posted In:
NewsPoliticsTop StoriesMedia2024 Presidential ElectionDonald Trumpelectric vehiclesElon MuskEVsmobilityStories That Matter
Beat the Market With Our Free Pre-Market Newsletter
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter

Trump had announced at the the Republican party's national convention last week that he would “end the electric vehicle mandate on day one.” The move, according to the former president, would save the U.S. auto industry from “complete obliteration” and consumers “thousands and thousands” of dollars per car.

Comments
Loading...