Another moment in history as Twitter (X) finally welcomes back its true king.

At 8 AM Beijing time, Trump and his "Silicon Valley alter ego" Musk connected on X, originally planning for a showdown at the top.

During the warm-up, Musk specifically emphasized: This conversation will be unscripted, with no restrictions on topics, and will be very interesting! The Harris campaign team also issued a fundraising appeal to supporters: "Tonight's live broadcast features two of the worst people you know."

But overall, this live broadcast of "king meeting king" can be summarized as "much ado about nothing."

For example, Polymarket, a prediction market, bet that there was a 65% chance of cryptocurrency being mentioned, with over $600,000 wagered, but the topic was never broached during the entire conversation.

For another example, the live broadcast was delayed by a full 40 minutes. While Musk attributed the delay to a large-scale DDoS attack, CNN suggested it was simply due to an overwhelming number of viewers.

Moreover, many investors viewed this conversation as an uncertainty for US stocks, but both participants were cautious, especially Trump, who deviated from his usual demeanor.

The most surprising part of the conversation was when Musk unexpectedly spoke positively about the traditional energy industry.

It's worth noting that in 2017, after Trump withdrew from the Paris Agreement, Musk abruptly resigned from his part-time positions on three White House committees. After Trump's failed reelection bid in 2020, Musk expressed his "super excitement" for Biden's climate change agenda and optimism about the "future of sustainable energy."

However, now the roles have completely reversed.

Specifically, what did these two superstars discuss? Below is a summary of the key points and background knowledge from the conversation.

1. Trump kept his mouth shut

Trump is known for his unfiltered, aggressive speech, often resorting to full-on attacks on competitors, leaving them vulnerable.

On July 31st, Trump said of Harris, "She was originally a full-blooded Indian, and suddenly she became a black person." This prompted Harris to address an African American sorority in Houston, saying, "Looking at everyone here, I see family."

But during his conversation with Musk, Trump changed tactics, shifting from "just insulting" to "sticking to the facts," although he still insulted Biden as "almost a vegetable," Harris as "incompetent," and Illinois Governor JB Pritzker as a "loser."

These are all typical Trumpisms, so no need to be surprised. The key is that Trump learned to "use facts."

For instance, when discussing inflation, he harshly criticized the economic situation: "People want to know about the economy and the fact that we can't afford groceries... Inflation has choked them. I believe we're facing the worst inflation in 100 years. They say it's the worst in 48 years. I don't believe it."

During the conversation, Trump called Harris a "radical left-wing lunatic" and said, "If she becomes president, your country will soon cease to exist." He also criticized Harris's running mate, Minnesota Governor Tim Walz, for his "free menstrual products" mandate.

It is reported that Trump called Walz "Tampon Tim."

In 2023, Walz signed an education mandate requiring public schools to provide menstrual products, including pads and tampons, to students in grades 4-12 at no cost. The state government needs to pay about $2 per student to ensure supply.

Republicans questioned the mandate, which requires products to be "available to all students who need them in bathrooms frequently used by students." Does this mean tampons should also be placed in men's and gender-neutral bathrooms? Yes!

Moreover, Walz allows minors in Minnesota to undergo irreversible gender reassignment surgery without parental consent. As for the old law's definition of sexual orientation, excluding adult physical or sexual dependency on children, Walz simply deleted it.

There's also a side story here.

Recently, California Governor Gavin Newsom signed AB1955, prohibiting schools from requiring parents to be notified when their child identifies as transgender.

Subsequently, Musk announced that he would relocate SpaceX and X headquarters from California to Texas. In an interview, he rarely disclosed a "family scandal" – that he signed off on his son Xavier's gender transition to Vivian under false pretenses. Vivian, however, said her dad was a big liar! In reality, Musk signed the paperwork knowingly.

Therefore, there are strong suspicions that Musk's actions were a "grandstanding" opportunity.

Similarly to this "baby-making maniac," Trump's running mate J.D. Vance also attacked "Childless cat ladies..."

Cats sitting at home, pots falling from the sky.

Regarding the running mate race, former North Dakota Senator Heidi Heitkamp said Walz's frankness works because it's authentic, "J.D. Vance has an air of inauthenticity, which is the opposite of Tim Walz. Tim is the most genuine, ordinary person you'll ever meet. I know him because I had high school teachers like him who cared about students and their communities."

2. "Right-wing" Musk seeks a job at his own expense

The US Treasury Department released a report on Monday showing that the US government recorded a fiscal deficit of $244 billion in July, the second-highest for the period on record, second only to July 2021. This figure represents a significant 10% increase year-on-year.

During the conversation, Musk repeatedly offered to help control federal spending if Trump were to win the election. "I think it would be great if we could set up a government efficiency committee to review these things and ensure that taxpayer money is well spent. And I'd be happy to help with such a committee."

Trump responded positively, calling Musk the "greatest cutter" and mentioning Musk's cost-cutting feats within his own companies.

In May of this year, Musk denied having any political ambitions. Now, less than three months later, he's changed his tune.

During this time, Musk's political enthusiasm has soared, using X as a megaphone to weigh in on everything from UK riots and the Venezuelan presidential election to Germany's response to the far-right AfD party.

Matthew Facciani, a social scientist at the University of Notre Dame, stated that Musk had long been considered ideology-free but has since publicly supported right-wing views and politicians since becoming the owner of X.

Meanwhile, according to a study by the Pew Research Center, X has become increasingly popular among right-leaning users in 2024.

3. Tesla investors are slightly disheartened

When discussing the oil and gas industry, Musk stated, "I don't think we should disparage the oil and gas industry. The economy depends on these energy sources." "A significant increase in carbon dioxide may cause breathing difficulties, but maintaining current greenhouse gas emission levels will be sustainable for decades. It's not an emergency."

The content itself is not problematic, but the shift in Musk's stance is.

Similarly, Trump's stance on electric vehicles depends on his attitude towards Musk.

During this interview, Trump discussed Tesla cars and praised their technology.

At a rally last weekend, Trump said that after Musk endorsed his presidential campaign, he "had no choice" but to change his stance on electric vehicles. "I support electric vehicles, I have to, because Elon firmly supports me." Trump added that he only opposes the Biden administration's policy of "making everyone use electric vehicles."

Just three weeks ago, however, Trump said emphatically, "I will end the electric vehicle mandate on day one, saving the American auto industry from total destruction and saving American consumers thousands of dollars per car." Musk concurred, stating that Tesla could survive without subsidies.

In reality, Musk may just be tough talking.

Tesla has stated that tax credits can bring in up to $250 million in revenue per quarter.

In February of this year, Tesla urged the Biden administration in a filing with the EPA to allow California to implement stricter vehicle emission regulations than the rest of the US.

While reducing electric vehicle subsidies could help Tesla expand its advantage, Guggenheim stock analyst Ron Jewsikow noted that tax credits are crucial for making Tesla electric vehicles more affordable. Trump's elimination of these subsidies would be negative for the entire industry.

Tesla short-seller Mark Spiegel also said that Musk has alienated most Tesla buyers, which could ruin Tesla's business.

However, for Musk, this issue is not about choosing the best option but rather the lesser of two evils.

After all, while the Biden administration has been working to promote electric vehicles through tax cuts and other support measures, Tesla has been excluded. Under the Inflation Reduction Act, only new energy vehicles assembled by union workers in North America are eligible for tax credits, isolating most of Tesla's vehicles. Trump's running mate Vance said Biden's policy only subsidizes wealthy car buyers.

If Trump wins, he could potentially introduce "better" policies for Tesla – such as imposing higher tariffs on Chinese electric vehicles.

Trump has also publicly declared his admiration for Musk: "I love Elon Musk. Do we like him? I love him. We have to create a good life for smart people like Musk."

4. Musk self-funds his campaign support

Another inevitable topic during the interview was "assassination attempts."

The resilient Trump announced his intention to return to Butler, Pennsylvania, where he was attacked, in October this year.

Reflecting on the assassination attempt, Trump said, "It wasn't pleasant. It was a heavy blow. I guess you'd say it was surreal, but it wasn't."

When discussing the moment the bullet hit his ear, Trump said, "I've never felt anything like it. I immediately knew it was a bullet."

Musk echoed, saying that Trump's clenched fist after the assassination attempt was "very inspiring" and one of the reasons he supports Trump. After the incident, Musk posted three times, comparing Trump's resilience to that of Franklin D. Roosevelt, one of America's greatest presidents.

The truth may go even further than that.

The Wall Street Journal revealed that since spring this year, Musk has secretly spent an hour every Friday on his new venture: American politics.

According to reports, in March, as the US election entered its final stretch, Trump extended an olive branch to Musk, promising him the role of his most trusted policy advisor if he won. Musk also began donating to an organization called America PAC, dedicated to bringing Trump back to the White House.

However, after Trump's assassination attempt, Musk became more overt.

It is reported that Musk's donation team proposed mobilizing 800,000 swing state voters to vote for Trump and providing approximately $160 million in funding support. According to insiders, most of this budget will come from Musk himself.

Musk has gone all in for Trump. But if Harris wins in November, this "plastic" brotherhood will likely fall apart.