Elon Musk spoke at a Pennsylvania rally for former President and Republican presidential candidate Donald Trump in Pennsylvania over the weekend, calling the election a “must-win” for Trump, and noting that people needed to vote to preserve the Constitution and democracy as a whole.
It was reported earlier this week that Musk would be speaking at Trump’s rally in Butler, Pennsylvania, where the former President was shot in an assassination attempt in July. Trump invited Musk onto the stage during the early minutes of his speech, with the Tesla and SpaceX CEO taking up just a couple of minutes of the former President’s stage time.
During the speech, Musk talked about many of the themes he has written about online over the past few months, especially including freedom of speech and the need for everyone to get out and vote. He also called this election the “most important election of our lifetime,” tying it to concerns about voter fraud and California’s recently passed SB 1174, which banned voter ID in response to a previous Huntington Beach voter ID requirement.
Musk continued:
The other side wants to take away your freedom of speech. They want to take away your right to bear arms, they want to take away your right to vote, effectively. There are 14 states now that don’t require voter ID. California, where I used to live, just passed a law banning voter ID for voting.
Ha, I still can’t believe that’s real.
So how are you supposed to have a good, proper election if there’s no ID? It’s meaningless. And free speech—free speech is the bedrock of democracy.
And if people don’t know what’s going on, if they don’t know the truth, how can you how can you make an informed vote?
He also went on to share his support for the Second Amendment as a means of protecting the first amendment, before going on to say that a Trump victory was necessary to “preserve the Constitution and democracy.”
You must have free speech in order to have democracy. That’s why it’s the First Amendment, and the Second Amendment is there to ensure that we have the First Amendment.
President Trump must win to preserve the Constitution. He must win to preserve democracy in America. This is a must-win situation. Must-win.
Musk then went on to encourage everyone in the audience, and everyone watching the video, to make sure their loved ones were registered to vote. If they don’t, Musk predicts that this will be the “last election.”
There’s only two days left to register to vote in Georgia and Arizona, 48 hours. Like text people now, and then, make sure they actually do vote. If they don’t, this will be the last election.
That’s my prediction. Nothing’s more important.
Following Musk’s short speech, Trump continued, going on to talk about recent relief efforts in partnership with SpaceX in North Carolina, in which the company has been working to help deploy Starlink for victims of Hurricane Helene. Trump also aired criticisms of the response of President Joe Biden and election opponent Kamala Harris, while touting Musk and the SpaceX team for getting Starlink out to victims across North Carolina and Georgia.
Musk’s statements echoed many of his recent statements on X, including references to the election as a “must-win” for Trump and running mate JD Vance, and saying the “survival of the Constitution is indeed at risk.”
Trump/Vance MUST win. I can’t handle 4 years of seeing and hearing Kamala/Walz. That would be cruel and unusual punishment!
— Elon Musk (@elonmusk) October 2, 2024
Last week, Musk also aired similar claims that this could be the “last election” if Trump does not win, due to claims that enough non-citizens would be able to vote under Harris and running mate Tim Walz and essentially create a “one-party state” nationwide.
Very few Americans realize that, if Trump is NOT elected, this will be the last election. Far from being a threat to democracy, he is the only way to save it!
Let me explain: if even 1 in 20 illegals become citizens per year, something that the Democrats are expediting as fast… https://t.co/u3HBdd5Bv0
— Elon Musk (@elonmusk) September 29, 2024
Musk officially endorsed Trump in the 2024 election in a post on X in July, immediately following the assassination attempt. Last month, Trump also said that he would appoint Musk to the role of the “Government Efficiency Commission,” adding that the Tesla and SpaceX CEO has already agreed.
You can see Musk’s speech on Saturday from Forbes coverage below.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
Elon Musk
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla rescheduled its final Model S farewell to May 20 after Musk joined Trump in China.
Tesla has rescheduled its Model S and Model X Signature Edition delivery event to Wednesday, May 20, 2026, after abruptly calling off the original May 12 celebration. The event will take place at Tesla’s factory at 45500 Fremont Boulevard in Fremont, California, the same location where the Model S first rolled off the line in 2012. Invitees received a follow-up email asking them to reconfirm attendance and download a new QR code ticket, with Tesla noting that all travel and accommodation expenses remain the buyer’s responsibility.
The reason behind the original cancellation came into focus the same day it was announced. President Trump invited Elon Musk, Apple’s Tim Cook, BlackRock’s Larry Fink, Boeing’s Kelly Ortberg, and executives from Goldman Sachs, Blackstone, Citigroup, and Meta to join his trip to China this week for a summit with President Xi Jinping. The agenda covers trade, artificial intelligence, export controls, Taiwan, and the Iran war, following weeks of escalating friction between Washington and Beijing over AI technology, sanctions, and rare earth exports. Trump wrote on Truth Social, “I am very much looking forward to my trip to China, an amazing Country, with a Leader, President Xi, respected by all.”
Tesla launches 200mph Model S “Gold” Signature in invite-only purchase
The vehicles at the center of all this are the last Model S and Model X units Tesla will ever build. Priced at $159,420 each, the 250 Model S and 100 Model X Signature Edition units come finished in Garnet Red with a one-year no-resale agreement, giving Tesla right of first refusal if the owner decides to sell. As Teslarati reported, the Model S defined Tesla’s early identity as a serious luxury automaker, and the Fremont factory line that built it is now being converted to manufacture Optimus humanoid robots.
Musk’s inclusion in the China delegation drew attention given his very public relationship with Trump, and the invitation signals the two have moved past and past grievances. Trump originally brought Musk on to lead the Department of Government Efficiency following his inauguration, and despite a sharp public dispute in mid-2025, the two have appeared together repeatedly in recent months. A seat on the China trip, the most diplomatically consequential visit of Trump’s current term, puts Musk back at the table on U.S. economic policy at a moment when Tesla’s China revenue remains one of the company’s most important financial pillars.
Tesla has launched a new solution to a rare but relevant Supercharger problem with a new Virtual Waitlist, a remedy that will solve sequencing confusion when there is a line to charge at one of the company’s locations.
Teslarati reported on what we called the Virtual Queue last month. In rare occurrences, there were physical altercations at Superchargers when someone might have cut in line to charge. Tesla started to develop some sort of system that would resolve this issue, and now it is finally rolling it out.
Tesla launches solution to end Supercharger fights once and for all
It will start with a Pilot Program, and Tesla is calling it the ‘Waitlist.’
Announced on May 11 on the official TeslaCharging X account, the pilot program is currently active at sites in Los Gatos, Mountain View, and San Francisco in California, as well as San Jose, CA, and the Bronx, NY (East Gun Hill Road). Drivers are encouraged to share feedback directly through the Tesla app to refine the system before a potential broader rollout.
We’re now testing a new waitlist feature at 5 Supercharger sites. Share feedback through the Tesla app to help us make it better.
– Los Gatos, CA – Los Gatos Boulevard
– Mountain View, CA – El Monte Avenue
– San Francisco, CA – Lombard Street
– San Jose, CA – Saratoga Avenue
-… pic.twitter.com/epTVzpJxgW— Tesla Charging (@TeslaCharging) May 11, 2026
Tesla released the video above to showcase the feature, which automatically joins the waitlist when your vehicle has the Supercharger with the wait as the destination in the navigation. There is also a notification that lets you know your place in line.
In this specific example, the video shows that the wait is less than five minutes, and that there are two cars ahead of the one in the video:
Credit: Tesla
Having a wait at a Supercharger is relatively rare, but it does happen. It is even more frequent now that there are more EVs allowed to use the Supercharger Network. Those non-Tesla EVs can also join the queue, as Tesla added in its social media release of the pilot program that they can join the waitlist using the Tesla app.
The release of this program should help alleviate the rare risk of incidents at Superchargers. Tesla will expand this program as it sees fit, and it gathers valuable data and reviews from users.
Investor's Corner
Tesla Optimus is already benefiting investors, top Wall Street firm says
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Tesla Optimus is already benefiting investors from a fiscal standpoint, at least that is what Alexander Potter at Piper Sandler, a top Wall Street firm covering the company, says.
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Analyst Alexander Potter, in the firm’s latest “Definitive Guide to Investing in Tesla,” built a comprehensive framework covering 17 separate product lines.
This granular approach values Tesla’s core businesses—including electric vehicles, energy storage, Full Self-Driving (FSD) software, in-house insurance, Supercharging network, and a standalone robotaxi operation—at approximately $400 per share, without assigning any value to Optimus or related inference-as-a-service opportunities.
“At $400/share, we think investors can buy Optimus for ‘free,’” Potter stated in the note. Piper Sandler maintained its Overweight rating on Tesla shares and a $500 price target, which implicitly attributes roughly $100 per share to the robot-related businesses— a figure the analyst views as potentially conservative.
The updated model incorporates elements often overlooked by other sell-side analysts, such as detailed forecasts for Tesla’s insurance operations, Supercharger revenue, and a distinct valuation for the robotaxi business separate from FSD software licensing. It also accounts for Tesla’s 2025 CEO compensation plan for the first time.
Potter acknowledged that his estimates for 2026 and 2027 fall below Wall Street consensus, citing factors like declining deliveries from certain discontinued models and reduced regulatory credit income.
However, he expressed limited concern, noting that traditional vehicle delivery metrics are expected to matter less over time as FSD subscriber growth and robotaxi deployment metrics gain prominence. On Optimus specifically, Potter suggested the humanoid robot program, combined with inference services, “arguably will be worth more than Tesla’s other businesses combined,” though the firm has not yet produced formal long-term forecasts for these segments.
Tesla shares have traded near the $400 range in recent sessions, reflecting ongoing investor focus on the company’s autonomous driving progress and expansion into robotics and AI. The Optimus project remains in early development stages, with Tesla aiming to deploy the robots initially for internal factory tasks before broader commercial applications.
This Piper Sandler analysis highlights the growing emphasis among some investors and analysts on Tesla’s long-term technology platform potential beyond its current automotive and energy businesses.
As with any forward-looking valuation, outcomes will depend on execution timelines, technological breakthroughs, regulatory approvals for autonomous systems, and market adoption of humanoid robotics—areas that carry significant uncertainty and execution risk.
The note underscores a common theme in Tesla coverage: differing views on how to quantify emerging high-growth opportunities like robotics within the company’s overall enterprise value. Investors are advised to consider their own risk tolerance and conduct thorough due diligence regarding these speculative elements.
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla launches its solution to rare but relevant Supercharger problem
