For Musk, one of the best strategic moves he made was aligning with Trump. Is the technology ready? Not necessarily in its current form, but it’s advancing rapidly. When I look at autonomous FSD, I see an incremental $1 trillion valuation. You could have cyber cabs or automated vehicles by 2026 or 2027, and these initiatives will be fast-tracked. Tesla and Musk are the big winners here, along with big tech. Another key point is that Trump is likely going to focus on reducing regulations, which will benefit deal-making across big tech.
There's a lot to be bullish about, but one area of concern is infrastructure. For a lot of this to happen, the growing chip sector in the U.S. is crucial, and that depends on the CHIPS Act. That could be undermined.