President Donald Trump says he believes Elon Musk will eventually donate SpaceX stock to the new Trump Accounts program. Speaking with CNBC’s Joe Kernen from the Oval Office, Trump said he has not spoken with Musk recently but still has a strong relationship with the Tesla $TSLA and SpaceX $SPCX CEO. “I have a very good relationship with Elon,” Trump said, adding that he sent Musk a note congratulating him after he became a trillionaire. Trump acknowledged that the two recently clashed over his administration’s rollback of electric vehicle mandates, but downplayed the dispute. He said Musk had backed him strongly before the disagreement and suggested their relationship remains positive. When asked whether he had discussed a SpaceX stock donation to Trump Accounts with Musk, Trump said, “Well, I think that he will do that.” Trump did not say Musk or SpaceX had officially committed. Earlier reports said SpaceX had been in discussions with the administration, but neither Musk nor the company has publicly confirmed a donation. The Trump Accounts program gives eligible children a $1,000 government-funded, tax-deferred investment account. Families, employers and donors can contribute more over time. Trump pointed to existing support from companies including Dell $DELL, Micron $MU, SoFi $SOFI and JPMorgan $JPM. SpaceX shares closed Thursday up 2.83% at $162 before slipping slightly after hours. The bigger question now: whether Musk actually puts SpaceX stock behind Trump’s child investment program.

Cathie Wood’s Ark Invest bought the Tesla dip while continuing to trim Alibaba. On Thursday, Ark purchased 96,935 shares of Tesla $TSLA across ARKK, ARKW and ARKX. Based on Tesla’s closing price of $393.45, the trade was worth about $38.1 million. The buy came as Tesla shares fell 7.49% despite second-quarter deliveries coming in well above Wall Street expectations. Tesla delivered 480,126 vehicles, compared with estimates of roughly 406,000. Deepwater’s Gene Munster said the stock decline may have been driven by pre-announcement speculation, high expectations, gas prices supporting EV demand and the resolution of a government efficiency issue. Ark’s move suggests Wood still sees long-term upside in Tesla despite the sell-off. The firm has consistently tied its Tesla thesis to autonomy, robotics, artificial intelligence and the company’s broader platform potential. On the other side, Ark kept selling Alibaba $BABA. The firm dumped 6,951 shares across ARKK and ARKW, worth about $668,269. Alibaba has been under pressure from multiple controversies, including a $600 million Department of Justice settlement over alleged illegal drug sales on its platforms and Anthropic’s accusations that Alibaba improperly extracted capabilities from its Claude AI models. Ark has now sold Alibaba stock across several recent sessions, including $7.8 million on Wednesday, $2.5 million on Tuesday, $16.7 million last Thursday and nearly $886,000 on Monday. The bigger picture: Wood is buying weakness in Tesla while continuing to exit Alibaba.

Warren Buffett was once asked how he would make $30 billion if he were starting over as a young man. His answer was not a hot stock tip or shortcut. It was time, patience and compound interest. At Berkshire Hathaway’s 1999 shareholder meeting, Buffett said the biggest advantage he and Charlie Munger had was that they started building their “snowball” early and had a very long hill to roll it down. “The trick is to have a very long hill,” Buffett said, meaning investors either need to start young or live very old. If he were graduating with just $10,000 to invest, Buffett said he would approach it the same way he did decades earlier: start with the A’s and go company by company. He said he would likely focus on smaller companies because smaller sums of money create more opportunities to find overlooked businesses. Buffett’s core rule has not changed: buy pieces of good businesses at attractive prices. He also warned that investors have to think for themselves. When he discovered GEICO in 1951, many professionals told him he did not know what he was talking about. He trusted his own research anyway. Munger added that the hardest part for most people is building the first $100,000, because it requires discipline, rationality and spending less than you earn. Buffett’s answer was not really about making $30 billion. It was about building the process that lets the snowball grow. $BRK.A $BRK.B