Stephen A's Take: Comments on Elon Musk exit and Trump making it a big deal! - podcast episode cover

Stephen A's Take: Comments on Elon Musk exit and Trump making it a big deal!

Jun 01, 20255 min
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Episode description

Stephen A. Smith is a New York Times Bestselling Author, Executive Producer, host of ESPN's First Take, and co-host of NBA Countdown.

Support the show: http://www.youtube.com/@stephenasmith

See omnystudio.com/listener for privacy information.

Transcript

Speaker 1

President Trump bid farewell to Elon Musk in an Oval Office event made for the cameras. Trump thanked Musk for his work with DOGE, the Department of Government Efficiency, a role created to reduce the size of the federal workforce. The TESLA CEO concludes his government service after four months of leading DOGE. Musk worked for Trump as a powerful and obviously a special government employee, after spending approximately two hundred and eighty eight million dollars of his own money

to help get the president elected. Ladies and gentlemen, I don't know about the rest of y'all, but I just see all of this as nothing more than pomping circumstance. You know, if you're Musk, Okay, you spent Listen, you spent anywhere from one hundred and nineteen according to some reports, to two hundred and eighty eight million and helping getting President Trump elected. You have to remember that this is the same muscle one's vote for Hillary Clinton who wants

voted for Joe Biden. So him changing course shows how alarming of a direction he saw the country going in when led by the left. Having said that him departing from Trump to be honest with you as much ado about nothing, because where's he going. He literally said, he's a friend of Trump. He's gonna still be an advisor to Trump. He'll still be making some visits to the White House. Well, ain't that essentially what he was doing. All of his pieces are in place, The personnel that

he wanted overseeing DOGE are in place. Now they want to sit up there and they want to brag about some of the cuts that have taken place, some of the money that they've saved American citizens. I'm just looking at some of these stories here, trying to decide which one I want to get into. Like the American taxpayer has been saved about one thousand and eighty six dollars, says according to DOGE dot gov, Musk and his crew have saved one hundred and seventy five billion dollars so

far and estimated one thousand and eighty six dollars per taxpayer. Well, it has a taxpayer seeing that extra dollars in their pocket. Musk set up there and said, hey, in the end, I think we'll save the government about a trillion dollars. This is a billion and a trillion. Okay, there's one hundred and seventy five billion. He thinks he's gonna save them about a trillion dollars where you got about eight hundred and twenty five billion to go. Really, how many

jobs gonna be lost? We're talking about eradicating waste, fraud and excess, right, how many jobs is gonna be crossed? How how many federal jobs are going to be lost? How many people are gonna end up unemployed? I think these are legitimate questions. I also think that as much ado about nothing, because listen, Musk wasn't talking about going

away until Tesla stock dropped. Remember, in the first quarter last year, there was a seventy one percent this year, Rather, there was a seventy one percent drop in first quarter earnings for Tesla. When he announced that he was gonna step back from his duties with Doge and ultimately go back to work overseeing his company for Tesla, which is Tesla one of them anyway, stock jump twenty percent. So all of these things are the common things that I'm looking at and I'm saying, Okay, we get it. Your

company is losing money. Listen, you really don't have to be here in the White House talking to me in order to oversee this to some degree, and you're no longer going to be in an official capacity, but you still have the president's here, which means that whatever you think should be done, the President will probably side with you. And you don't have to answer to Congress, to the Senate, to elected officials anywhere because you no longer have this job.

Seems to be a gets the best of both worlds, goes back to Tesla, raises his stock. He's already worth over four hundred and twenty four billion dollars, richest man in the world. Tesla stock goes up once you return. Okay, specifically, this stock search twenty percent, like I said, after months pledged. According to the Business Insider, the news came in the wake of a challenging first quarter for Tesla, which saw significant dropping profits. We get this, Tesla was losing money.

You're going back to work, save your company. Make sure you got competition in China, you got competition in Europe because they're electric vehicles. They're coming with their own You recognize that you got to lock in and zero in, so you don't going to be on the job with Doge anymore. But your influence isn't dissipating any way imaginable. So to me, ladies and gentlemen, it was much ado about nothing. It was a press conference to let the world know he's back looking over Tesla instead of being

a special employee for the government. So in other words, our stock can rise again. I don't need to be losing money. Influence is cemented. It's all it is. It's all it is. M h m hm

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