Which stocks will be in the crossfire when Elon Musk interviews Donald Trump tonight?

Elon Musk is scheduled to interview presidential candidate Donald Trump on social media platform X at 8:00 p.m. on Monday night. Though Musk once said it was time for Trump to “hang up his hat” and sail into the sunset, the relationship between the Tesla (NASDAQ:TSLA) CEO has become much cozier recently and led to full endorsement by Musk for Trump in his bid to return to the White House. That is despite Trump publicly calling the idea of making all-electric trucks and semis “crazy,” and being against some of the EV subsidies that have benefited Tesla (TSLA).

Trump has since walked back some of his prior positions on EVs. At a campaign event last week, Trump said that he now supports electric vehicles. “I’m for electric because I have to be, you know, because Elon endorsed me very strongly,” he clarified. Looking ahead, it is unclear the level to which a Trump Administration would support the electric vehicle industry. Some analysts have noted that a tariff war with China would help Tesla (TSLA) on some fronts, although a full-scale trade war could be devastating to the China business. There is also plenty of debate on whether the Tesla (TSLA) brand has been hurt by the Musk-Trump relationship or benefited from a new potential market of more conservative voters.

The Trump interview could also have some implications for SpaceX (SPACE) and Trump Media & Technology Group (DJT) depending on the free flowing topics of the conversation. There is also the potential that General Motors (GM) and Ford Motor (F) could be mentioned in a negative light by either Musk or Trump.