He’s also concerned about this:
https://www.reuters.com/business/autos-transportation/tesla-...
If I could I’d accumulate Tesla starting next year as fed rate cuts kick in.
https://www.reuters.com/business/autos-transportation/tesla-...
If I could I’d accumulate Tesla starting next year as fed rate cuts kick in.
He's rarely been more than half accurate on any of his economic predictions.
... I mean, advocating for protectionism could hardly be described as a "hard free market" position.
Protectionism doesn't fit neatly on a left-right scale (both sides have indulged from time to time) but it's clearly not a free-market position.
To nationalistic free marketeers, they want the market unimpeded within their boundaries; but "unfair" external influence limited/removed.
It's a perfectly compatible mindset.
Even the autarky option (or somewhat less extreme options like only applying protectionism to end products, rather than raw materials and intermediate products) is only free market if you kind of decide that _end consumers_ are not part of the free market. The car industry in particular has produced many examples of how this goes; look at the East German and Soviet car manufacturing industries, or to some extent the British one prior to European accession. Pumping out shoddy overpriced products which only had a market because people were forced to buy them, and which were utterly unable to compete once imports were finally practical.
It's an outset from a group of people that want to be free from govt regulations but also protected from foreign competitors, who they can't directly influence. They don't care about consumers beyond them buying their product at the highest possible margins.
People use inaccurate self-descriptions all the time, especially for political good will. If you want to insert quotes around the phrase in your head, go for it.
Price has to go down before it rises back. The rivals such as Fisker, Rivian and Lucid are the ones which should be worried at this point.