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Did Bill Gates Seriously Short TSLA Stock
"Robbed our here and today we're going to be talking about bill gates response to on musk's claims the oregon podcast a couple of weeks. Back that get heard. That bill gates had been shorting stock. We've also got some news on the broader electric vehicle automotive market an interesting response from yvonne on an article from the washington post. And of course. We've gotta talk about tesla stock. It's about wild couple of days. We had the interview yesterday with alex rotter so we didn't get a chance to talk about it. But of course yesterday. Tuesday february twenty. Third tesla dropped to a low of six hundred nineteen dollars per share. That was down more than thirteen percent from the prior. Close then of course. We saw us swift recovery in the market. And from tesla tesla finishing down just two percent yesterday on the biggest volume day that we've seen in over a month and a half with sixty six million shares trading hands yesterday. So i talked about on monday and we briefly talked about yesterday in the interview as well. A lot of this is tied to expectation on interest rates. So yesterday fed chairman. Jerome powell made comments to congress. Indicating the current monetary policy is expected to continue for some time as economic uncertainty remains so not to get too deep into that. We've talked about that. Of course in the past but as far as tussles yesterday certainly was not isolated to tesla. Those sort of concerns were broadly extended to high growth. Stocks tussle obviously falls in that category. And i think the volatility there serves as a nice quarterly reminder that you have to be very very careful with stop losses on a volatile stock like tussle as for today tesla continue to rebound finishing up six point two percent to seven hundred and forty dollars two cents. That compared to the nasdaq up one percent. All right so i up today. I want to continue a conversation that we began a couple of weeks back after yvonne. Musk went on joe. Rogan's podcast for the third time and said that he had heard from people he believes would know that bill gates had shorted tesla. Yvonne brought that up in response to a question from joe rogan on the tesla semi citing that bill gates in a blog. Post a few months back had said that eighteen wheel electric semi is probably would never work so allen's claim here understand. We drawing a lot of attention not the first time something like this has happened between musk and gates last year. He did by his first electric vehicle. The porsche ticon. Which at the time. Maybe it wasn't so clear why he didn't by ordering vehicle up until that point. Well now we might have a better answer for that. But he talked about the decision in an interview with marquez brownlee and it seemed to be a relatively tepid endorsement of electric vehicles gatesville right up ranging anxiety as a problem and elon. Musk responded to that interview. Not necessarily gives purchase of tycoon but those comments in general by saying that quote my conversations with gates have been underwhelming to be honest and so that catches us up to today and then we have launched claiming that he heard gates which tesla now in the last week. We've had both cnbc and bloomberg asked gates directly about that claim. I think gates tone is important these responses so i will play the actual clip. The i wanna hear from andrew. Ross sorkin cnbc asking gates so so you're not sure tesla's stock were clear. Yeah i'm not. I don't talk about my investment. But i think he should be very proud of what he's done. Okay so technically there. He did say yeah. I'm not but it sounded like he was more starting a sentence of saying yeah. I'm not going to talk about my investments not yet. I'm not sure tesla because he interrupts himself and says i don't want to talk about my investments so to me. That's a no comment. Rather than a denial. What's interesting here is his reason saying he doesn't wanna talk about his investments but in the exact same interview. He talks about his investments multiple times. He says quote when i invested in impossible foods or beyond me or quantum scape. I was doing that just to help their own climate. Now it looks like those three will be very successful companies. And so i'll have more money to put into the tough areas a climate like cement and steel and quote. Okay so he says he doesn't want to talk about his investments but then he in response to another question talks about his investments in impossible foods beyond me quantum scape and then how does investments are doing and that i'll have more money to then go on an invest in other stuff. I mean how much more could you talk about your investments. And he uses the first person tense. You're saying i invested. He's asked about bitcoin and he says quote. I don't own bitcoin. I'm not short bitcoin. So i've taken a neutral view and quote so for bitcoin. Perfectly fine to say i'm not short bitcoin. Same question for tesla. oh. I don't want to talk about my investments that we just spent a bunch of time talking about. If you're not going to answer the question at least come up with a better non answer. That doesn't immediately contradict yourself. He has to have known that he'll be asked about that and yet seems completely content guard answer so that was last week if there was any doubt left after that because he did start off. By saying yeah. I'm not before interrupting himself as we said. Here's gates on bloomberg yesterday so we had five days to think about this answering the same question from emily. Chang yuan has in the past claimed you shorted tesla and i wonder if there's any truth to that Well you know i think. Test us on amazed seen company I wish you know own. Been more on the long side. But i it's it's great And you know i have. Lots of relatives won't tassels Helped by for them. So you know nothing. But positive thoughts about tesla role. Okay so if the answer to the cnbc question was a bit of a flood. There was a clear opportunity to just say. Hey i'm not sure. Tesla was jor tesla and again gates passes and he sure doesn't look comfortable to me answering the question. Belief is that it looks pretty clear. That bill gates was short. Tesla who knows if he's still is it'd be surprised but come on. How are you going to be all about climate change and then short the one company that's doing more than any other company on earth to combat it. If you don't think it's a good investment you think it's overvalued you can just not invest in it. No one has any problem with that but too short it push the stock price down. Make it more difficult for tesla to raise capital. That's something else entirely.
How Real Estate Sells Cars with Gina McCartney
"Gina, welcome to . the It show is great to have you speaking to us today. Maybe just to kick things off can you maybe just tell us a bit about Gina McCartney - who you are and some background. . to thank Yes, I'm yourself sure, you so Gi for na McCartney having me here today. Super excited to see both. So my background if i go back to perhaps my brief - youth and into professional career. I really my whole life was distant creative: sculpting, painting, designing and off the back of that passion went to uni studied creative advertising and was destined. ..my path was to become a art director . My very early career was in advertising agencies and spent ten years ing servic some like pretty big clients ilo, . kohl's meyer group. Cbi off foundation and then some order client bmw and many were because of mine and it was during that time that i realized how much i loved as and surprised no surprise. I joined renault. Stralia and joining renault at the time was at a really pivotal point for the business. And that was all about preaching and finding every possible opportunity we could in the market and myra was to introduce the sierra digital program. Really lift the capability of the dealer network from a lead management perspective. Sur getting out outta rot on building confidence back in the network that we were providing leads to them in generating value from office and then from neymar roll moved into a brand and events role and so the full marketing swayed had an awesome time with the business and great team. And then my time was up. When i was tapped on the shoulder for all at anchor pinellas area group been realized real estate dot com to you joined the business not really knowing much about the role. I was joining. He'd go to market manager role and of bain there now close to seven years and moved my way through various segments. So we're two now. Residential business at develop a business emotional property meteorologisy and clients and also to stint in malaysia. And i leave the win. We acquired a southeast asia and helped with the integration of that business side at an awesome korea here. Rei and now run. I tame called the customer. Excellence team and so my team move. Twenty incredibly talented people help support our two hundred thirty sales teams across australia. And that includes the learning development perching old training ogata market siles support collateral and operations analytic. Kpi's commissions incentive sprints and really big a big team mission and vision is to pave the new way of selling and selling clock when you work for rei. Let's bit about my story. Love love gardening love dancing and eighteen. And that's how i spend most of my time let's it's an impressive story. How you you've migrated from during the karate stuff through to or i will now into real estate now. We can't get a bit of understanding as to real estate dot com o. Rei group and what's the back story of real estate. Dot com abc business was born in the garage. Dome koster and for those familiar with john. It's in the eastern suburbs of melbourne and in nineteen ninety five and they came up with a crazy idea of water. We put the photos of property onto online so people can see them on the internet and so literally scanning photo by photo by photo built this web sought. That looks very different today than what did obviously up. Twenty plus years ago and over the years to really brilliant simple idea to gos- and today with the leading australian property portal and we have hundred million plus is it as a month coming to thought trillions of photos from a perspective and yeah we service most property clients around australia and that includes real estate agents property manages developers homebuilders land developers media clients of less amount of probably. But almost all and anyone that wants to reach property. Sega's we do business. You know you've got a really interesting background. Having spent tom and credit in automotive value in real estate can you. Maybe just discuss some of the similarities. Between automotive and real estate i remember when i joined. Ra and it was probably a month thing. I thought wow. I didn't realize there was so many similarities between the two industries. And if i stop from a business structure perspective the similarities of utah franchise groups independence at relationship between head office and you know the small small businesses that are running in local and regional areas. I think that that pressure that applies with a small business to find the raw talent retain talent when there is no professional requirement This note there's no huddle to get into other industry. And i think that is a challenge that are still share today and another real estate industry in particular institute really trying to introduce their professional courses create more opportunities for the right people to enter the industry. So they've got really quality staff sieving consumers invincibles. And i think our remember. That was a challenge in the automotive industry finding the right talent and apprenticeship styles perspective perhaps a bit of bid process. But that was probably one thing that i saw straightaway is a big lesson. In automotive that i think real estate can learn with the handshake. Between sales and after-sales and if you think of the real estate version of that is the sales and rental market now rent rolls the most profitable part of a real estate agency and if you think about the handover in the importance of one to the other the ongoing retention of the customer. I think that's a really important similarity between the two some. I think some best practice sharing could happen more. And then the probably the other big similarity i would say is the is much smarter and much savia and this is probably not exclusive to automotive in real estate but their expectations have increased tenfold. And no longer. Can you get back to a later inquiry within a couple of days. We're now seeing consumer expectations at a couple of minutes. And i think that's something that dealerships deal with daily and you know the the now now now economy that exists within cosima world.
Assessing Semiconductor Supply Issues, Giga Berlin Battery Update
"Everybody robbing our here and today we're going to be talking about the semiconductor supplier issue that has been affecting the automotive industry as a whole and we do have a few other topics to go through as well. This is a live episode because after we go through this. I do have some thoughts to share. But i thought it'd be best shared live so we're gonna do the kind of normal episode structure But it will be live so bear with me as always but we'll get into it will start off just looking at the stock today so finish down five point three percent to eight hundred and four dollars eighty two sons. I compare to the nasdaq which is on the video. But down a quarter of a percent so it was a tough day for tesla today especially relative to the broader market other automakers. Did you know at least the ones. I looked at fare worse than the market today as well thing. Gm ford were right around down to percents neo. Probably in that ballpark as well So i don't know that this drop was entirely isolated to tesla but certainly tussle moved a little bit further perhaps related to the supply of semiconductor. So let's move into that topic For whatever reason. I've had i don't know fifty to one hundred people. Ask me about this over the last two days whether that's in the youtube comments or on twitter or on patriae on a lot of people for some reason seem to be incredibly interested in this in the last forty eight hours even though this has been something that's been discussed in the automotive industry since back in mid december And tesla has already talked about it a little too so we'll go through tussles comments. I'm here as well. So essentially what's going on. I'll go into some links here in a second. But what's going on here is that there is the semiconductor supply shortage which is a factor of multiple different things that factored into it so primarily what has been driving it is two things the pandemic and then the rise in some areas of consumer electronics. So the work from home movement during the pandemic has caused increase supply for things like laptops and stuff like that. That people are upgrading for working from home. The five g cycle with phones has caused an increase from what i gather in semiconductor needs and then the next generation consoles with the xbox one whatever it's called now and the bs five launching those things have worked together to create more more demand in the consumer electronics base and then in the automotive space because of the shutdowns that were experienced in the first half twenty twenty the a lot of automakers cut their orders or their contracts with semiconductor suppliers to help get through that period of time. So what that is caused. Is those autumn those suppliers to necessarily want to cut production. And things like that. They worked through Their safety stocks. So let's let's get into you some comments here from Chipmakers the first one. That i wanna look here. This is from microchip technology. So this is from a couple of weeks backer. Just not only one week back. But they kind of talk about how they got into the situation that they're in In terms of semiconductor in the automotive supply chain so they're talking about how their customers generally pulled back very hard. During the pandemic there was no backlog visibility in this environment. They had no choice to down inventories and safety stock to protect themselves from what looked like severe economic contraction and they saw similar similar actions from their suppliers that worked that they were together for Actually producing their semiconductors so they said during his time no one in the industry was adding capacity. Obviously given the uncertainty about win things would recover And that uncertainty extended significantly as the bottom of market as well so one of the things that they talk about here. That will come back. A little bit later is that they're offering this microchip. Preferred supply program called bs to offer the prioritized capacity to companies. That are willing to work with them. To order. twelve months of continuous non cancelable non reschedule will supply So they're not guaranteeing capacity for that but they're prioritizing people that are willing to make those longer term commitments and because if we rewind it back to the for salvatore nineteen because other because a lot of other because a lot of automakers were uncertain about their demand they were unwilling to give a lot of certainty to these two suppliers. So that's kind of brought the semiconductor situation into where it is today and they're trying to work through this now and that's impacting. A lot of different automakers couple other quotes here just from people in the industry so this one is from continental Major supplier in the space. They're talking about lead. Times for semiconductors saying what with lead times of six to nine months. The semiconductor industry has not been able to scale it fast enough to meet this unexpected growth. In automotive demand which really is a return to previous levels not necessarily new growth than they continue saying quote the bottlenecks from the semiconductor industry expected to continue well into twenty twenty one causing major disruptions and continentals production. So that gives us a bit of a timeline in terms of how this issue looks. We don't necessarily have a scale from that. Then let's move into one of their quote here. This is from Tmc one of the obviously major manufacturers. I think they do like seventy percent of some semiconductors or something like that so specific to their automotive customers They continued to decrease demand for cms t s emcees semiconductors in third quarter of two thousand nineteen. The chipmaker only began to see southern recovery automotive orders in the fourth quarter. Their ceo said earnings call earlier this month
How The AADA Empowers The Dealer Network With James Voortman
"James. Thanks very much for agreeing to join us on the show. Great to have you With a person of your knowledge and expertise so just to start us off. Can you tell us about about two giant ford pandas and a bit of your your story and what you do look at the. Thank you for this opportunity to talk to you to that. But about james boardman well as you could probably tell from my accent. I'm south african. Night of dr hulda jason other day or until about two thousand nine when i decided to move to And coming from a background of public policy. I decided that cambra would be the best location from korea expected. Not everyone's face choice but was mon. And when i go out sort of got into the business of working for industry associations lobbying for industry and my first job in the automotive sector was with the australian automobile association which represents the staten territory modern club so cicely moderates and sort of vets event mice the my initial knowledge and also able to then use that to bosnia for a federal minister said laws on numerous issues and opting for few years. I was lucky enough to be employed by the wpa and three and a half years later on. I'm still here and united loving really enjoying working for a really interesting industry and wanna be anywhere else. Key question for me is what is the double idea. Seem to what are they a organizations so double. Ada what's the fda and come from. That's a great question. You know the people here in canberra and my predecessors ever blackwill used to talk about the alphabet soup of zone automotive associations got the mt aa the aa. Ada the sei all of these organizations and they're all all sort of unique in iran. Why but the double. I is the industry association. Which exclusively represents franchise. New deals are members of board is exclusively made up of franchise new car dealers and we advocated on behalf of that industry primarily to the federal government on range of issues as identified by this apple in its powerful. It's a fairly new organization. It's a little over seven years old and it just previously you would see dealers will Ston territory based martyred tried as associations and most of them still all members of Actions about about seven years ago. Number of senior figures within the industry decided that the needed no-go session which exclusively represented the needs of dealers at national level. And that's all the. I was think it's fair to say it's come a long way in the
GM going electric
"Starting things off talking about general motors engines. And the reason we're doing that are two very interesting in pieces of news. We've got Last week gm announced that as of twenty thirty five th they are going to stop offering internal combustion engines in their light cars so basically you might still be able to get a va in your silverado. Twenty five hundred or something like that but vast majority of their vehicles probably even performance stuff like your corvette if the camaro still around then those are all going to be e vs or maybe plug in hybrids but basically gas a purely gas powered engines are not in their future and so i wrote up the road up the story last week and it really got my gear. Spit on that. You know g. m. is one of the oldest auto makers in the world nerd. They've got over one hundred years of history and there are some absolutely fantastic internal combustion engines in that town at also. Interestingly this week. I'm this is a story that you wrote about it is at you know. Cadillac announced that the new cto four. V black-wing c. T. v. black wing. Those are going to be the last v models from cadillac with internal combustion engines and so it really seems like gm serious about this at least for right now So yeah it's it's a weird time. Jim anything to add about the cadillac part of that. Well i mean yes. And no. I guess the bigger question is whether or not gm can actually pull this off than our commenters brought up as well as you know. Twenty thirty is a long time and time away make makes promises that doesn't necessarily keep so they they sometimes don't always follow through most of the all of the time. Maybe i i. I don't wanna sound too harsh on gm. Because i mean they're they're they're going forward and and i mean frankly they have to go for it right. The whole industry is moving in that direction. And we're we're faced with a gm lineup right. Now that is pretty much almost completely devoid of any electrification Damning they have some Just wanted just a couple of vehicles right off the top of my head. Of course they've got the the gmc hummer okay. i. I don't know if a hundred and ten thousand dollar luxury electric pickup truck is really going to be the the mainstream savior but yeah fourteen. Years can get there and cadillac. I mean these These amazing looking sports sedans. That's going to be the the end
#2109: The Roof Snow Theory
"On national public radio with us. Click and clack the tap it goes you know i love them. We did at that time. We did it in spanish. We do it in spanish from now on. We should do it in latin next week latin. I'll get my son to work on that. Yes they go. Hello and welcome to cartwright wany wiki no other ali anyway. We're broadcasting this week from the divisional folklore here car talk plus motivated by this us from chip pearson deer ray and tom notice that ryan thome on your show. Today you've been explaining some of the more obscure references and inside jokes. That was weeks ago. Well current for us to be reading a piece of mail zev eared parenthesis as much as anything can appear on radio on your show over the years. I've been a loyal listener for many years. Now and i do get most of the inside jokes and seemingly meaningless common. Please tell. What is the roof theory. I'm sure that it has all the gravitas of other contact conjectures such as the all inspiring choke pull off hypothesis and the nearly divine. It's the stingy man who pays the most maximum. I await your response he does. We have eluded. I
Gunther Werks Reimagined 993 Speedster + Pratt Miller Corvette Auction
"You i'm well. Are you driving that. Vw suv vw. Atlas yeah i just i just got it like this morning so i haven't really spent much time in it but i do like the colors. Green dark green. Yeah looks good. Yeah what's a stick around. I have no idea. I i just got it. We just swapped it out. And i didn't see the monroney in there so i gotta go back to them and get all the specs and stuff in it but Let's take a guess. What the basis on that. The one even driving. It's not it's not outfitted with like a ton of options of sunroof and all that stuff. It's probably starts in the high thirties and probably goes to forty eight. Ish starts in the low forties. Well i was thinking even higher. But i'm not sure what's ms rpm is thirty one five. Yeah twenty-one volkswagen. Atlas amazon p from thirty one five. Yeah well then they must offer some kind of like what point. Nine leader four banger. But it's something it's big. It's a big suv. Because the tig one is is the smaller one. The alice's big this isn't like whatever like the atlas our model or something that i'm driving but i had a feeling it would be in the thirties. I didn't think it would be thirty. One thousand i thought it would be. It just seemed like it would have been important for. Vw to have a three in front of the thirty one yes figuration the s. e. will be about thirty five and then the s. e. with technology is thirty seven. Wow it's a low base is it four banger. In it in the it's his it's a weird thing is it's not fast but it's not slow because i just got out of this little lexus. Hybrid suv and it was surprisingly slow. So this feels peppier but not. It's it's it's not catching your attention. It just feels like it's okay for the size of the vehicle. The has a two liter. Four cylinder with the to thirty five must-have turbo on there. Yeah oh probably has a turbo on there but is there. V6 at the top of the line. Because it's still like they got have a v6 option and this feels like when i'm driving. Maybe has six But also you got to keep in mind. It's like i. i think. Vw tanner faust. Right because tanner's racing a lot of w stuff and he drives an atlas.
#2108: Book This, Rebecca
"To car talk on national public radio us. Click the topix brothers and we're broadcasting this week from the traffic modelling department here car talk plaza and we posed the question. How bad are boston drivers really. Well ever reach at rommel. Yes i do genial what. He has a good editor. Shut ramo good. If i have. I have a strong strana me books which is very good. This article is entitled drivers. Take bite b. y. T. out of computer and he describes in great literary detail the computer model that models traffic because the paper ran a story about a model developed by mit and he says this isn't the first attempt to model boston. Traffic on a computer and early effort by researchers at washington institute of technology was abandoned when the computer unexpectedly blew up. He's just to find out what happened. I visited the defunct projects x. Coordinator crash gordon. At w i t and he describes what happened that they they had this morning worked everywhere in the country and then they tried to apply the model to boston. He said we. We sent observers to boston to survey traffic patterns. We took psychological profiles of hundreds of typical typical drivers. We created a mathematical model of the boston. Road system then we started up. The machine is a first things went. Well traffic moves smoothly along. Store drive the tobin bridge blah blah blah blah blah blah blah.
Porsche 911 GT3 + McLaren Hybrid
"Longtime co host on shift in bond speed wheels car designer extraordinaire. Just neat guy. You're neat car cast sore. It had to be that a gill. The darn is down there freezing. And his jack loads are all you know. Been frozen man. It's crazy the weather has been nuts. Texas has got a unbelievable weather never heard of it like he was he was on the show and he was like it's seventy today and then four days later he's like it's i don't know eleven or something and he was just like snows nose just everywhere and but the power outages are the tough part for sure you know we get that a little bit out here in california i go i listed on i well we power outages not the weather. Oh yeah power. Outages we all. But we don't have to worry about freezing in and from a car guys perspective. I know there's a lot of people suffering but if we take the car guys perspective i talked to a customer in houston and he was freaking out because he said i gotta get out to my garage and do something. None of my cars have antifreeze. Them is like freaking out. Yeah i i guess that's a good point. I know that once the dust settles if you will over over in texas and goldberg land. We can get into his his truck a little bit more but he did manage to get his dodge. Trx loaded up and sent to florida at the last minute. Like he sent me a picture of the truck frozen. Cover tonight and put the timing. I think he just got lucky on everything. So brad what we've been talking about. The past few weeks is goldberg. Ordered a ram trx and he got a launch addition And and dodge the guys over there at ram days surprise him with a vin number ninety five which was his. Nfl number. Oh and and before the weather old right when he got the truck he had it for a day and he sent it to expel and they did a full treatment. They did a full satin. Wrap on on the paint a different type of rap all the graphics and then ceramic coated the whole thing on top of the rap and then he drove it for a day and that it froze outside be covered an ice and then he finally got a transport to get it down to gearhead fabrications. And i know you. And i've talked about on on shift. Steer a few times most recently about kevin hart's car his speech for a charter speed core teams up with gearhead fabrications florida to do the engines and they make some pretty high horsepower engines. I i would say they're mostly no now for the mo- par stuff but they do other stuff as well and they're building bills. Fifteen hundred horsepower. Twin turbo charger his Late model charter and Bill is gonna be coming out working with those guys a a a goldberg goldberg garage. Addition of power packs of stage one stage through power packs for different mo- par vehicles. So they're going to be experimenting with this dodge. Trx on all of the upgrades stage. One is just like poli in a tune and then stage two stage three and so the first step is getting that truck from whatever. It's supposed to be seven hundred ten horsepower up to about nine hundred and then it'll go up a little bit from there and they've already started working on it and i really wanted to get into this with bill. But but he's not here. But before he sent the truck out he upgraded the thirty five to thirty seven inch tires and we talked about how they it's good. It fits it fits well. I guess with the thirty seven inch tires gearhead got the truck at immediately just rolled in put it on their chassis dyno and they made a corrected horsepower. Rating of six fifteen at the rear wheels. It was like six ninety three or six ninety. seven incorrect. Is like six fifteen. That i like you tell me you've done more of donald has probably i have over the years. I mean we always used to save twenty percent drivetrain loss and then as car scott modern and a little bit more efficient and we were somewhere around fifteen eighteen range
Tavarish (YouTuber, fixer of salvage supercars)
"You by sunday lawn. Care listen guys. I don't know anything about gardening. Nothing at all. I don't know anything about chemicals about plants. I just know that they look nice. I want them to be healthy. In the last thing anyone needs is another complicated and toxic lawn product. Sunday is here. It's more than a lawn care product. It's a customized lawn plan that works. With nature they take out all the guesswork. Take out all the unwanted chemicals so you can have a beautiful lawn. That's better for people pets and the planet you know. How like they have those Skincare regimens where you speak with a professional and they customize it for you. This is like that for your house right so basically. I haven't gotten it yet in the mail. But i've filled out the thing. I went to the website. Get sunday dot com slash tire. And i put in my address of my new house. 'cause my old house has no lawn. My new house has gone. I put in the address and they use satellite imagery to estimate the square footage of my property and the square footage of the lawn on that property versus just the house and they got my address right. They got my square footage in my property. Pretty much right Within about twenty five square feet and they then are like oh year in this area. So you have these types of soil in this type of of nutrients here and here's the the regimen that you need for this lawn. And here's how much you need for the lawn of your size. Pretty cool tech. I've never taken care of any lawn. Ever nei-neither so. I have no idea what to do But i imagine that once. I've gone to get sunday dot com and put in my home address and done all that they take care of the rest so that you soil and climate data to create a tailored nutrient plan. So you get all this stuff. Your lawn needs and nothing.
German Battery Research, China Expansion, Giga Texas FTZ, FSD Subscription, CNBC (03.01.21)
"Everybody rob our here today. Today's going to be kind of an all around the world episode. We've got news and fremont's austin berlin. Shanghai then we have some product updates and a couple of other stories to go through as well. Strong starts the week. Four tesla stock with the nasdaq bouncing back today as well. The nasdaq finished up. Three percent tesla finish up six point four percent to seven hundred eighteen dollars. Forty three cents all right. So we'll start off with some quick news here. In fremont this is just continuing again. Our conversation about the temporary production. Shutdown that tesla had last week. Many and on saturday reported that quote tasmanian received photos taken in and near the factory which show that at the moment. Activity is already at a high level. Parking lots for new cars are full and new vehicles are loaded and shifted delivery centers and ports. The employee parking lot is also completely filled with cars which confirms the fact that the factory is operating the same as before the two day shutdown and quote. I'm not sure i'd go as far as saying that. This is proof that things are exactly the same. As before the shutdown there are good signs here and this would also be supported by tweet from one of our listeners. Last week that also showed at the factory parking lot being basically one hundred full as early as thursday. So thanks david for passing that along next. Let's move over to austin a few different pieces of interesting information here. The first of which comes from the austin business journal which has reported that tesla has applied to have giga texas designated as a foreign trade zone. This offer tussle some tax benefits. Though the austin business journal estimates that would only be about two hundred and seventy thousand dollars per year on the scale of giga texas. It's really not all that much. Of course everydollar matters so if you can get it go ahead and get it. But i think there may be a larger benefit here from trade dot gov they say that foreign trade zones are designated sites licensed by the foreign trade on board at which special customs procedures may be used so some of those relate to duty but under benefits of the frequently asked questions section. They also note logistical benefits. Saying quote companies using. Ftse procedures may have access to streamline customs procedures for example weekly entry or direct delivery and quote. I found a little bit more information. Those examples from northern co dot com. They say that direct delivery allows for immediate off the pier upon vessel arrival which quote greatly reduces clearance delays including lengthy customs exams and quote for weekly entry. They say quote another foreign trade zone provision sanctions weekly advanced approval for us customs release of merchandise into us. Commerce from the warehouse known as weekly estimated entry. This process allows for immediate availability of product for order fulfillment and shipments upon arrival at an ftc warehouse and quote put together. They say from port to domestic shipment. This can save as much as two days relative to normal customs processes that today's means lower inventory costs quicker turnaround times. If there are delays a lot of really good benefits to cutting that out and i think that would be much more significance than any to earn seventy thousand dollars a year saved in taxes. So maybe a bit more impactful than it seems at first blush. And we'll definitely keep an eye out for any updates on that status the other piece of news on austin this comes from joe tag meyer. Who is one of the people doing drawn flyovers tracking the progress of gigi texas. He does a great job of providing context. And since we're talking texas. Y'all know. I'm a fan of that. And one of his updates last week. He relayed that he had spoken with a bunch of contractors. They had recently had with musk. And one of the topics was the need to accelerate construction due to the delays. That were caused by whether previously so. Musk was asking for more. Instances of twenty four seven operations to get back on schedule probably not too surprising there and then they also mentioned that there have been many changes over a dozen changes now from the original design to where they're at and even more are in progress at this time. Not that we need any more examples of this. But i think that just highlights how quickly tesla's moving not only. Are they building out. These factories on unprecedented. They are also iterating while that process on volts. That's not to say that other projects like this one have changes to the original plan. Anything of the scale probably would but from the context of the conversation just seems like with tesla. It's happening a bit more of a faster our next up. Let's move on to china. We've got some news on giga. Shanghai reported by a few different sources will look here at tasmania on twitter. Who writes that. Shanghai is authorizing new four hundred sixty thousand square meter piece of land for quote new energy vehicles whole vehicle manufacturing near giga shanghai quote. People familiar with the matter. State is highly likely that tesla will be acquiring the usage right of the slant and quote so four hundred sixty thousand square meters. That's about one hundred and fourteen gigi. Shanghai right now is about two hundred and fourteen acres. So this'll be about fifty three percent increase and lance bass. If this is for tesla the other important point there is this whole vehicle manufacturing so again if this were four tesla. This wouldn't just be for batteries. This would be for full vehicle production so the obvious next question is okay is this potentially the land for a cheaper twenty five thousand dollar price range type of vehicle from tussle if it were. Maybe that'll start to give us some hints on timeline for new cheaper model because of course we see now with phase one model three phase two from ottawa. It's taken tussle about a year in china to go from breaking ground to starting production on that land. If i any more updates on that. I'll be sure to pass those along next. Let's move over to germany here. We've got a bit of news. That tesla magda d. e. has reported on tesla collaborating and some battery research with german university. The project with university of beirut it will focus on glass separators for my on batteries and actually starts today so a glass separator or assault. Separator is often one of the components that x. battery that's referred to a solid state if you remember back to our discussion around quantum scape. They're using ceramic separator. So there's always tons and tons of research going on in this space. I don't think to surprising to see tussle involved in that at a research stage and as far as tussles involvement this doesn't seem to be as intensive as the dalhousie university partnership with jefferson university of earth tesla and industrial partner. Here saying that quote to ensure that the glass membranes developed in beirut actually meet the requirements placed on them they are tested in the laboratories of the industrial partners varta and tesla and quote do other companies fuller glass technology and vitriol and textile so for companies in total are also involved so this may be more of a case of tesla being involved to just help
Latest on Teslas Production, Semiconductor Supply, Jaguars Misleading EV Plans + SpaceX Updates (02.26.21)
"Everybody robbing our here and that we do have a relatively quiet news day today. We're gonna be talking a little bit more about tests production shutdown the semiconductor situation for the broader automotive industry. Some comments from morgan stanley's adam jonas on cnbc about tesla. And then we'll wrap up the week with some news on spacex quickly checking the stock today. Tessa finished down one percent to six hundred. And seventy five dollars fifty cents. That compared to the nasdaq actually with green day. Up a half a percent as it seemed like all is on the market today. Were on the stimulus package. The house of representatives is scheduled to vote on that tonight. It is expected to pass. If that does happen will then proceed to the senate but there has been a bit of a hang up on the minimum wage increase proposal included in the stimulus as the senate parliamentarian or physically. The person that's responsible for making sure that everything is proceeding properly ruled that the minimum wage increase could not be in the relief package. So democrats are then trying to add some new language that would penalize companies for not paying their workers. Fifteen dollars an hour so a bit of a mess not something. I'm trying to get into the politics of but obviously this has. The market's attention currently so i up today. Checking in again on the production halted. We talked about yesterday. Of course elon. Musk and said that fremont had been shut down for two days due part shortages but they restarted on the twenty fourth but separately from john's comments. There were a couple of reports from employees in various places. Saying that yes. Production was starting back up on the twenty fifth but not a full capacity and that some areas would still be down until march seventh so the water cooler chat on this. Today is coming from. Dr tesla canada. Who tweeted earlier today. Quote just heard from a source at fremont that model three workers who were originally told they were off until march seventh have been told to come back this sunday. Looks like fremont is back up and running like elon. Musk set and quite so. This does kind of fall into that rumor category. But i don't have any reason to be especially skeptical of it thing had holds just as much credibility as the other rumors that we're working on with that march seventh date wouldn't take this as a sure sign of smooth sailing full production rate for the rest of the quarter there may still be part supply shortages also in relation to the conversation. We had yesterday about the downtime. For samsung's chip fab in texas. One of our commenters made a good point that it's not necessarily related to this because that just happened last week and although lead times are probably very short it might be a bit of a stretch to tie that shutdown which started on the seventeenth do tesla shutdown which looks like it started on the twenty second just a few days later. I don't think it's impossible that they would have been related but probably not as clearly linked as the presentation. Yesterday may ask just out. I don't think that's super consequential. But if it's not related that could mean that tesla has some upcoming part shortages from that shut down in texas but that depends on a lot of things like how much safety stock there was. When production restarts when it is able to get to the full production rate et cetera. At any rate moving on a bit here about staying with the semiconductor topic. We have some new information here from reuters today. They are reporting on the impact to hyundai. Which as we've talked about the past didn't seem to be overly impacted and it looks like for now that does remain. The case raiders reporting that quote hyundai motor has so far avoided a chip shortage that has plagued global automakers largely maintaining its stockpile chips last year and even accelerating purchases toward the end. Three people with knowledge of the matter said and quote as for the reason. Rogers writes that the south korean automaker kept buying chips even as rivals cut orders to reflect diminished demand because of the pandemic. So we've talked about this line of thought before. But i think especially relevant in the context of tesla having to production there for a couple of days despite that i continue to expect at the impact if released to the semiconductor industry. To tesla is small. I think tesla like hyundai would have been aggressive with their orders throughout that situation. Even with that though reuters does right here quote if it doesn't soon though the shortage could hit hyundai to as tie capacity on factory floors starts pressuring production even high-tech audits said to the people who are familiar with the company's purchases and quote additionally reuters says that according to an internal hyundai document that they have seen day expects the shortage to ease in the third quarter of this year. Other automakers are still being materially impacted though here in the first half automotive news reporting today that ford has extended its production cuts in europe for an additional five weeks based on chip shortages. Meanwhile the governor's from michigan indiana ohio kentucky kansas south carolina alabama and missouri issued a joint letter to president biden asking for assistance to urge semiconductor companies to quote temporarily reallocate a modest portion of their current production to auto grade waiver production. And quite all right with all that being said you want to you now transition to talking about adam jones's appearance on cnbc today talked about tesla. But he actually summed up my thoughts berry well on the chip shortage situation like we had talked about with alex rotter. I'd ask him if he was getting calls from investors on tesla in bitcoin. He said no will join us here. Today said that he's getting tons of calls from investors on chip shortages. He said what he sang to them as folks were not going to be talking about chip shortages later this year. I couldn't agree more. So i'm sure we'll have to keep talking about it at some point and that was the most prevalent news for today but really long term. It's just inconsequential as re-genesis other comments. He still got his eight hundred eighty dollars. Price target on tesla. I saw some people saying that was a new press targeted increase from eight hundred ten. That actually happened a few weeks back early february so no increase on that price target. He was also asked about tesla and bitcoin. And he was pretty nonchalant about it. He made the point that i've made that a billion and a half might seem like a lot to put into bitcoin but at the end of the day it's just your point. Two percent of tussles market cap next year. Just a bit of interesting news coming out of a jag. Ya investor day. of course. We talked a week or two ago about how they intend to make the brand entirely electric twenty twenty five at the time. I wasn't fully certain that meant fully. All electric in twenty twenty five well lo and behold despite all the headlines it does not in their investor deck. They shared their a reimagined electrification timeline. They have twenty twenty-five marked clearly on here and they say i knew. Jaguar be on new dedicated architecture than they
Lots Of New Car Debuts And Discussing Mitsubishi In The USA
"Horsepower new cars. We're not just talking about supercars. We've had like six teen vehicle debuts in like the last week and we're losing our minds or we're gonna talk about some of them not all of them one of those. One of those is from mitsubishi. So we can't not talk about mitsubishi's very interesting history in the united states. Some of it's interesting cars. We love mitsubishi. Were sad to see kind of what's happening now. It's it's an insane episode rambling about cars friends boys and girls around the world. It means of metallic paint. Chris bruce i'm here on the other side of the screen helped me out here. I need a drink already. Only drink and so folks. Here's what's happening. Auto shows don't happen anymore. Earliest international auto shows. And what that means is that automakers have to debut their vehicles online. And they're doing it as opposed to all of these debuts happening like at a dedicated event that were asked. they're all happening kind of ad hoc so like smith said in the past week we have seen at least sixteen reviews and Early in the week and there might be a few more that were missing or that were kinda minor enough that we're not mentioning here but i'm gonna go down the list just so you know how big this and just you know. We're going to dig down into some of the bigger ones. But i want you to realize how big the past week has been for the auto industry so sit back where we go. We've gotta the ford explorer king ranch high kind of amid high level trauma that we got the land rover defender va. It's finally getting a bigger engine. Kia carnival used to be known as the sedona. They changed the new mercedes benz c. class. We'll
Musk Addresses Tesla Production Status, Acknowledges Supply Issues + Dogecoin, EV Credit (02.25.21)
"Everybody robin our here and say we're talking about reports that tesla has temporarily shut down some production after months. We also have a new electric vehicle. Tax credit. Bill introduced in the senate news on giga berlin. Tesla energy the refresh model next and a couple other topics i quick look at the stock tussle. Today finished down eight percent to six hundred eighty two dollars. Twenty two cents. That compared to the nasdaq also with a very challenging day down three and a half percent if you compare the graphs. They look pretty similar. Directionally but tesla having a bigger degree of movement. My opinion remains the same. As we've been talking about over the last few days. This is an isolated to tesla neo. Today was down ten percent expand down. Eight and a half percent arkham down nine percent clearly. Some shifts in the overall market doesn't necessarily mean that's not important. We need to understand the context but as we've talked about i don't think any of that context is anything that's going to be impactful. To tesla long-term. I'm invested for the long term so to me pretty inconsequential are so the big news. Today is on the status of tussles production at fremont very early morning. Bloomberg posted an article reporting that tesla was temporarily halting production on a model three line. At fremont they've actually sense updated. The title of that article reads a little bit less aggressively. Now quote tesla scales back model. Three output amid supply chain woes and quote before. We get to deepen in this. I don't think this really impacted the stock too much today. This was out about six hours before market open. And tesla open down just one to two percent or so then proceeded to decline throughout the day as markets overall fell off. But if you just saw tesla down eight and his production article then you might pair them together assume it was more impactful than it seemed to be anyway bloomberg. He reported that quote. Tesla inc told workers will temporarily halt some production at its car assembly. Plant in california for about two weeks. According to a person familiar with the matter staffing model three production line in fremont we're told their line would be down from february twenty-second until march seventh. Though some model three employees were back in the factory february twenty fourth said the person who asked not to be identified because the information is private and quote now elon. Musk has already addressed this on twitter about thirty minutes after market close. Today he said quote fremont shut down for two days parts shortages and restarted. Yesterday and quote we also appeared to have a leaked email from to tesla employees about fifteen minutes prior to that tweet where he writes quote. We are experiencing some parts supply issues so took the opportunity to bring fremont production down for a few days to do upgrades and maintenance remote production is back up and running as of yesterday and will speak up rapidly to full three slash wipe production over the next several days model s. slash x. Production lines are almost on retooling. And we'll be aiming for max production next quarter. There is high demand so we will soon need to go back to two shifts for us. An ex please recommend friends to recruit and quote so before we had this information from ilan. We did have a couple of rumors on. Read it about the timelines here. So someone had posted saying they were the fremont factory production. Shut down on the twenty second. They were told to report back on today. The twenty fifth and quote. We are told we are doing limited production on model three for two weeks starting next week and quip. So you've got you on saying yes. We had a couple of days down. But we've now restarted and we'll get things up and running over the next few days then you've got these rumors on. Reddit am from bloomberg that russia might be a little bit limited for the next couple of weeks. These reports don't necessarily contradict each other. So i do assume that production will be a little bit limited due to supply constraints here for a period of time. We don't know exactly what those might be. of course. we've talked a lot about semiconductor issues. In terms of the broader automotive industry there was also a report last week. Which i apologize. I did not see last week. From nikkei asia that due to the weather and power supply issues. Samsung actually had to shut down one of their chip fabrication plants in texas and my understanding is that is where tussles full. Self-driving computer computers made the most recent update. I could find a was per the austin american statesman on tuesday which says that quote samsung has not yet resumed full operations after it was shut down last week. Statewide power shortages and quote. A samsung spokeswoman said quote while we are currently making efforts to resume operations as soon as possible. The process may require more time to reach normal levels as we inspect and reconfigured the facility. Our primary focus is to ensure safety on site for workforce as well as our community and quote. This article also offers a bit of insight into that restarting process saying quote patrick moorhead technology industry analyst and founder of austin based consulting firm more insights and
Alex Potter & Rob Maurer Discuss Tesla (02.23.21)
"On tesla. Believe right now at twelve hundred dollars per share And he just released a couple of weeks back a one hundred page report on tesla. So we're going through some of the details in that report. Alex and his team of done a lot of research on the stock in the competitive landscape and things like that so we'll go through some of that and i think we'll start out with some of the more current events obviously tesla's been pretty volatile today. I think down thirteen percent this morning. I think we're download three percent. Something like that. So it's been it's been a while day And just the last couple weeks. We got the big investment things like that. So we'll get through some of those things Oxygen twenty introduce yourself and then also the you know what how the setup we've got going on here sure so thanks from epide- back again So like revenge and we do have Some institutional clients style then If anybody would like to submit a q. And a. any point There is the cuny box so it should be able to see that just from robert accesses listening and also jomie jagged. The question But yeah i'm just. I'm very happy to be here roll. We'll walk through some of the report. The rationale and grab said you can talk about current events as well as long as something interesting. Vote for sure and just introduce myself to your people on your end. So raimondo retail investor have been invested in tusla since two thousand thirteen spend hours a day reading about the company research and the company And had this podcast slash youtube channel for the last three and a half years or so just trying to get good information about tesla out there so i've definitely fought it closely and Like talking about tesla so Yes so first things first alex. Let's i guess you know the biggest topic the last couple of weeks i feel like is bitcoin You know does about in bitcoin. They put a billion and half dollars in since then. The stock has dropped a lot. Retail investors are wondering. You know what's been institutional reaction is this related to the investment. What are you hearing on your end. Not a lot to be honest with you like it was i. I know that it's a big big headline It's not as though we had You know in soon. Nami of incoming questions related to bitcoin after this announcement I think To a certain extent it. It's the sort of headline that kind of to be honest with you is. It is a pain in the neck Covering the this company. And i you know i'm not gonna break any new ground here regarding bitcoin or anything like that. It's it's not a topic that i've spent a ton of time on and i don't think a lot of people who invested in tesla on the institutional side did it because they thought eventually you must might be using the balance sheet by bitcoin but it is the it is the sort of thing that you know. If you're gonna own tesla you have to be aware that these sort of acted goofy headlines are going to pop up from time to time and this is one of them it's yeah but like. I said there wasn't a lot of incoming interests or questions. I don't think it does not to change that. These the fundamentals or any of this. You know that we wrote a report market. Share the you know. The addressable market the margin profile over taxis all these things never hesitate with bitcoin. And it's a tiny percentage of their of their
Misha Mansoor - TST Podcast #601
"Gt three touring. He can hold a conversation about cars with just about anybody. Despite the fact that it has absolutely nothing to do with how he makes a living me. Chemin sore is on the smug tire. Podcast it kind of find a lot of the tv that we get now so of course it did you can sit there though right now and watch the whole sopranos start to finish enjoyable. It's like you can't get up. I'd sit there for three days. Yeah using so. I would say you probably would like peaky blinders It's not like sopranos except that it's like a mob thing and it's about interesting characters mob thing rooting for the hero. Who said it was like the mob is rap for white people. Funny i'd true. Hey look glorified crime. Yeah well that's why that's why you see a lot of like You know hip hop guys and goumas agree and a lot of issues. They both have. They got a lot a lot in common. What's happening man Soc- you it's good. It's good to see got you set up at that crowd and caliber love their. Thank god and johnny. Both that looks good on you. Yeah this is my loaner. This is a explorer to fucks sixteen. Five seventy oh you memorize the reference out trying. I'm trying. I want to be a good brand ambassador. That's okay. They liked me for a while. I never learn reference like i feel undeserving of this so trying to do a really good. Yeah you are. Senior instagram posts. You're doing a very good job. Good if you start learning omega speedmaster references you know we've lost to. Yeah that's that's where that's where rolex is like four to six digits. A speed masters like a dewey decimal system code or like a It's like an ip address like Reissues of like the old one. So it's it's like the old Just keep going forward and backward and forward and backward and they've won watching as far as i'm concerned But this one this one is It was a bit of a surprise. Because i really. I've been lusting after a bat girl. Right the batman with the jubilee. And it's a man's watch for those pseudo no the nickname google that but But but i like it. You you have the The the pepsi. I do the same thing. Just the different colors and it's very nice. Yeah and and you like it right. i do. So it's it's effectively the same watch So that would be the one you see. That's what you want is Gmt master to on jubilee bracelet Of two thousand twenty zero. Yeah something like that. Be elbow they might not have one got a bunch last. I checked because that's what i'm asking next so who'd you earn dangerous. So you're i. I think you're making mistakes right now by one of the well. Yeah this is what i'm saying. You should've circled the ball a little. I know you need a swirl around drain a little bit before because if you start diving into that 'cause you know me. I saw you post that picture that i watch i go well. Here's the problem. Because that's the best watch rolex makes and so you're going to buy the very first one thing is i wanted this. Gmt so bad and now. I'm like man. This is the explorers battle to lose right now because this is so good it is like like i'll get that next month and it has to be better and it has to be like five six thousand better right. Know nine eleven. Gt three touring which you're like. Oh matches nicely with that either very well. It's it's so many things fucked up. Where do you go from here. Well you should have some franck mueller's in some ways you want. I have some watches. I have like i was an aureus. Arctic scouser cool. Yeah those are cool. I had some some semi starter while it started with a fossil that my singer gave me as most most of us started with the fossil. Are nixon same kind of thing. Mvm t one of the companies. That also made sunglasses and shit so like like my singer gave it to me and and it was a skeleton watch so you could see you know as chintzy as it might be you know how cool it but it was really cool and it was an automatic mechanical watch ethnic wow this just works off kinetic energy and mathematics. That's awesome for someone who's into math metal. The math problem. You need like the same thing. Just engineer it just like it. All this is why carson different that we use that segue just quick and explain to people who is do that in the intro to the show. Oh great point that. I recorded home separately that they've probably already heard anything that we have. We just started doing this. That this podcast this episode six hundred. We've been lying. Yeah yeah we dive into the show. I like it at home. I'll be like this is awesome fucking guy and then say some really nice things about you. So they'll no they'll no they'll also have clicked on the show. That has your name in the titles. Yeah yeah that'd be fine. I'm not too worried. That's a dangerous. I move because you're gonna buy it. Yeah and that girls very nice. You're gonna love that. It's the it's it's going to be it's going to be your call tho. Those are well. It's it's personal taste. Yeah personal taste. But i i look forward to your thoughts on after a month with both i know. I know that. I'll know after a month with both and i'll just get whichever one i like better and you know cost wise. You see the you're you're already given the ambassadorship as for you has just turned into you. Spending money yeah dangerous. Good ambassador the best game well. We'll we'll johnny had the same thing. They said like it took him three watches and he started buying. I like yeah.
What Is Going on With the Model Y? And TSLA Stock? (02.22.21)
"Everybody rob our here and today we are talking again about these standard range monowai after a two thousand dollar prescott at the end of last week tesla has now removed the standard range model. Y from the design. Studio alana's commented on this on twitter. Tussles also made some other price adjustment. So we'll look at that situation. We also have a couple other products updates from alan and then some other news as well. First thing though tesla's stock so rough day today down eight and a half percent to seven hundred and fourteen dollars fifty cents that compared to the nasdaq also a really challenging day down two and a half percent and that was much worse than the s and p five hundred down at zero point. Eight percent and the dow was actually up a tenth of a percent. The nasdaq being down so much. More definitely signals some sector rotation not just isolated to tesla. Here neo was down. eight percent. expert was down seven percent. Armonia was down six percent et cetera. People seem to be pointing to you. A couple of factors. I higher yield on treasury bills. For example the yield on the ten year treasury note has risen to one point three or four percent to forty one basis point increase over the zero point nine three percent that started the year at the logic. There is that as interest rates rise on investments that are perceived to be safer the risk adjusted return becomes more attractive and as that happens inevitably some greater percentage of capital is going to flow into those safer investments. Now for tesla probably are not a lot of investors choosing between ten year note and investing in tesla but it still does impact macaroni environment. It impacts sentiment and those rising interest rates also mean that the cost of by capital is greater and that is seen to have an outsized impact on companies that are growing more quickly and maybe need more access to debt. So that's probably a pretty big factor and then the other main line of thought here seems to be that as cova cases decline capital that was being allocated for these high growth tech companies starts to shift a little bit back into maybe things like retail entertainment industrial services businesses et cetera. That shift is extremely clear. Just when you scroll through a list of stocks you see companies. Like target. Macy's tj maxx. Ross stores kohl's ralph lauren. Be see all these companies are in the green. Then you've got apple amazon tesla. Google facebook twitter netflix and video all these stocks and the red so fuel tesla just in isolation. You might be tempted to say. Oh tesla since they bought. Bitcoin is way down. Investors aren't liking that or. Oh people aren't liking the moves that tussles making with the pricing and the design studio. But as we've talked about it's rarely ever that simple. There's always so much else going on. And i think these other things are having a much bigger impact than tussles bitcoin investment which was about a quarter of a percent of their market cap at the time beyond that i would just say this is a perfect opportunity to reiterate the message that i had last week and the episode about desa volatility are moving on from the stock. Let's talk about the standard range model.
Land Rovers, Cigarettes, and Thicc Jungle- 20 Years of Camel Trophy
"The various feigned in poisonous creatures of the amazon witnessed a that local thought to be so unlikely that there is an active betting market against its success. A convoy of sand yellow land rover one tens their bodies painted with the flags of fourteen different countries from around the globe. Slogging through the muck. This was a tenth anniversary edition of the camel trophy. One of the few driving events in the world where a rain delay was not a problem. It was the whole point. The organizers had purposely picked the rainy season for the timing of the event which was part competition part expedition and in their minds the more difficult to conditions the better the drivers were amateurs selected from over a million applicants worldwide. The event was not quite a rally not quite a race not quite a series of technical challenges. It was an adventure nicknamed the olympics of four by four on one particularly brutal day. The convoy of landrovers covered just eight hundred meters of distance. What made the camel trophy. So at connick tell the story of landrovers evolution as a company and couldn't ever stage a comeback now showing the pass gas drive in theta indiana jones and the range rovers of the lost ark the temple of room and the camel crusade. The adventure starts now dan. Yeah i i used to do a little thing that i called the olympics four by four except it was you know style. I have a heart condition nolan. That's that should be a catchphrase animal style. Be style yeah Welcome to pass gas. I am your host nolan joined. By my other hosts we got james pump. Free like you for breakfast. Oh i am joe ever you eat pieces of and today we are talking about the venerable camel trophy a topic of which i have a complicated view of i would say i. I've got opinions on it. Yeah it seems like similar to A little bit like a bunch of rich white guys patting themselves on the back for being brave. But it's really just like we're here to prove everyone wrong. Everyone is on your side. No world is literally yours. Stop trying to poland people with your hobby. When i was a kid. You know you'd watch national geographic. And i remember that landrovers would always be like the expedition vehicles of every program. You'd watch right But always the kale camera. Car for top gear. I always think of them as like the un vehicles to the us vehicles as well. Yes quite capable. I mean obviously very capable ours. They were chosen for a reason. The queen drives one. The queen of england drives landrovers. I think like all the expeditions. Like national geographic. The un just being like the official car or an unofficial car of royalty all unintentional marketing. You know not it's not. it's free advertising right yeah. Castro fee is the opposite was like an explicitly straighted marketing event. That also was kind of a race but not really there points awarded. But it didn't really matter if you won because you're really there to have like an adventure of a lifetime while also trashing local roads. It seems like we'll get into that a little later We went to four by far festival. Which a big farce. It wasn't a real festival that people bought tickets to even though they build it. Build it like that. Yeah yeah let's let's talk about this real quick. This was before quarantine right. This was a few months before shutdown or lockdown email from a marketing agent. And he was like we have a bunch of free tickets to this four by far festival put on by land rover and lay. Sie is the same place that they throw coachella coachella and you guys showed up. You guys showed up. And what did you see joe. What we realized really early on that it was just a we just had driven two and a half hours to go to a land rover dealership. That was out in the desert. But the coolest part was they had set up a little course for you to test. The new land rover defenders on and. That was actually really cool. Yeah innocent pock played ads right. They had anderson poc. I didn't go. But like i remember seeing the lineup. Thing like what. It was like a lineup. Well it was like us and then other sales guy at land rover dealerships. And they're all like like interested in what i dislike our age. The lineup was like so like thirties. White dude playlist and then like perfect for us. Yeah six year old dudes like pre free tacos. I guess park related to to pock plus like it but we did see one of the original camel. Trophy defenders there and it was really cool. I have a picture bridget. Can you put that up right here. That's right so this is just a roundabout way of getting to the point. Camel trophy cars are sick. And i did actually find a couple of them for sale. And we're gonna get into. Why a different kind of corporate fund made these cars so cool in the early nineteen hundred s. The concept of adventure was having a moment. The anna jones trilogy had debuted in one thousand nine hundred one making exploration and khaki cool for kids and adults around the world wants more beyond pop culture. the world was feeling like an increasingly international place. There's a reason why we are. The world was a hit song. In nineteen eighty-five globalization was a massive economic force revolutionized by advances in transportation and technology through the eighties and nineties. International events. Like the fall of the berlin wall and the advent of the internet and increase global wealth. We're all part of a slew of forces that are changing humanity for better or for worse in some ways adventure stories. Were the perfect solution on one hand in acknowledgment of an international future and on the other in a stall gic look backwards into the past a desire for meaning amongst the ruins of lost civilizations and ancient ways of life. That we're getting left behind. I feel like this. Same kind of thing happened in the nineteen twenties when like egyptian culture. Got really big. And like there's just like waves of
Munro Blown Away By Musk + Semiconductors, FCC Denies Tesla, Porsche Spinoff? (02.19.21)
"Everybody rob our here and they were talking about some new comments from sandy monroe about his time with. Musk recently turns out. They spend a little bit more time together than just that. Forty five minute interview that we saw. We've also got a pretty lengthy article on the semiconductor situation from reuters and some news from volkswagen tesla stock today. Looks like it'll be a pretty quiet day. I am recording before market closed but no major movements so far all right so a couple weeks back. We talked about the takeaways from santa monroe's interview of elon. Musk when recapping that trip recently. On monroe live. Santa monroe did share a little bit more detail about that trip and his conversations with mosque. He said they were able to take a two hour. Tour of the space x facilities do the interview and then after that. Musk invited them to stay for a designer view which was an additional couple of hours. Here's the key quote from monroe about that design review. He said quote. I was blown away. I've seen dozens of ceos. I've never ceo ever or a president that knew more about the product that knew the details of the product. That could bring an idea and discuss it. Not just grandiose hand waving terms but hey what's use this formula and ran off a formula or rattle off material or rattle off a process that is kind of obscure unless you're detail engineer. I was blown away by that. That kind of stuff. You don't see executives know much about an quote. My next point about this was going to be that reminded me back to the tesla q. Days where those betting against tesla would try to claim that. Musk is not an engineer. He doesn't know what he's talking about. If you actually work in that space. So i was going to go back a couple years and look for those quotes but turned out. I only had to go back sixteen hours on the first twitter search that i did to find a comment saying that. Musk is not an engineer. Well here we have an engineer that worked in the space. Both and automotive and aerospace and sandia monroe. Who was saying that. He's blown away by musk's aptitude for engineering as we've talked about many times before. This is huge and this was in the context of space x but huge for both spacex anti slow. Because the ceo. That has that sort of in depth knowledge has a much better understanding of how to structure the organization to come to the best aggregate product decisions rather than having to rely on individual leaders across individual different business silos to make those decisions for their own business units so that nobody really cares anymore. What that tessa q. Group is saying but it did just remind me of that and apparently that train of thought still persists in some circles. One of the important note here from monroe was his comparison. Between nasa projects and spacex projects. He said quote a launch vehicle was two years in the making for nasa. They're shooting for one every three days and quote the latter part of that about space x. Of course. I don't think monroe intended that to be a shot at nasa by any means i think it really just as strong comparison to highlight. How differently space x operates. A lot of that comes down to a willingness to fail. Learn from that failure and then rapidly iterating. I think risk aversion holds people. Back in a lot of ways holds businesses back a lot of ways and the more mired down in bureaucracy. An organization is the more those different perspectives on risk aversion tend to creep in thinking about organizational structure. Again i think every vertical level that you have could be seen as sort of a risk funnel or a risk filter where you have all these different layers of people not wanting to let their manager down by failing which sort of acts as a forcing function towards a more conservative safer action plan versus a more aggressive recoup action plan. I mean in my career. Prior to this i saw this all the time for example just because we talking about inventory yesterday at times in my career is responsible for managing inventory and we would get way more trouble if we didn't have enough inventory versus having too much inventory there literally be these automatically generated reports that would flag you if you were too low on inventory and then you get called into a director's office and have to explain it while when we think about why that might be. That manager is obviously having to explain why we have low inventory in some certain area to their manager who probably doesn't want to be flagged on any reports to their manager of course over time. The company realized that having too much inventory is also problem because that leads to eventually having to mark down that inventory but on clearance and then that hurts your profitability. Couple points here being that the more layers of managers. You have the more difficult it is to have that communication from bottom to top the more prone to conservativism the organization will be so. I think having a ceo with a holistic base of knowledge allows for a flatter organization that helps with risk tolerance. And then obviously the own appetite for risk plays a huge role there as well. I think a big part of that risk tolerance is time horizon so someone like yvonne. Musk that is thinking. In decades long terms that risk tolerance is going to be much higher than a ceo who is thinking more about their ceo. Compensation plan which is often structured over a period of something like three years. It also doesn't hurt that. Musk owns a fourth of the company. He's got a lot of control there. He doesn't really have to worry about.
Talking Tires With Jonathan Benson Of Tyre Reviews: Rambling About Cars #7
"This very special edition of rambling about cars. We have special guests. Jonathan benson from tire reviews. Who's going to talk with us about tires why they are simultaneously the most taken for granted and most important part of the car. Yes then we're gonna talk about some memorable experiences that we've had in cars and i think some tires are probably going to tie that ladies and gentlemen friends around the world tortures of tires. It's time to get this role in episode. Seven bruce what he got force. Well yeah. we're talking tires today. Jonathan again thanks for being with us. We really appreciate you coming on. But yeah we. We're going to start with a little thing that we've been doing with all of our new gas first time guest at least low quiz for you sounds terrifying. Just nice export just nice friendly personality quiz. That doesn't reveal anything about your personality. Arca first question. What is your favorite car from the nineteen eighty s nine thousand nine hundred eighty s. My favorite call is possibly violent which is a e twenty. Four six keefe. Ics i originally saw knows bmw. Did i want it was. Wonderful is the only call that i've had. That's been universally loved by everyone old and young but the thing was just a polygraph because it was the last. bmw not galvanize. I on ebay drunk. Thousand pounds. sodas fifteen hundred pounds with dyke two years later but yeah it was a it was a non-recoverable one. Sadly i wish i could find one of those cheap i. This was a long. Yeah love it. Okay what's your favorite ninety s car. Oh i'm gonna go with the Yes w twenty two which will come up again later. We'll be talking about that in a little bit about that car makes you like it so much. I so i fan of mid engine. I think the engine in the right place. I think is affordable At the time two hundred what was it stopped. Two hundred and thirty turner. Forty break was by the The engines like footy. Bolivar's you just buy it by national trunk crank boost and you've got something that is essentially super-calculating from twitter of all things go to the glory days of the things is going to bring that back. Maybe that's a sign of life but if the trains to be believed and yes i driven one yet. Or i don't know much about it and hopefully something will come up and testing sometimes. So what is your favorite car movie. that's a good question. I would have said mad max. Thunder is essentially an hour. And a half. Call chase on our coach as we watched on the fly over. And i'm not sure anymore. Okay so i'm gonna false. Because i think any on the spot i'll give you an i. I'm i'm a huge mad max gary. We're we're big mad. Max roadway or fans here. So i've got. I've got a slightly different question here. What is the must have song or band when you go on a road trip. You cannot go on a road trip without either this one song or this one band. I was taught testing the other day. Had some music on and the by fleetwood mac on is the original music. That's how that's what is known to me. So i think that's gonna be out that because as soon as i i enjoy the moment and then at skip it because i was going to end up in a steinbeck this dry foster and enjoyed music so that's always very funny because bbc. That was their song to bring it in right or sky. that was bbc. Yeah so. I've heard that said before. By brits but house no it's just a really good song really driving song so it works for me too but yeah so last few questions for you first off. What card you own right now or cars. I haven't any ninety-two. Bmw three that a bit heavy bit soft stock phone blah blah as a port. Qasim super excited to start walking on that. That's going to be a youtube. Thing hopefully should be quite fun to interesting for people to watch escort. Vrs is like a daily rod. Around which i know you love. You really isn't gulf dijon address right but it's a lot cheaper a lot room. Yeah more practical side. We go unlock protesting. The skoda is a great call. Are the skoda superfan of the world and we have a lot of go to love it. Motor he he would love to hear that answer so last one. that's one. Heated seats are heated steering wheel. You only get one sees okay. Well i mean. I think it's been split. There have been really basically have our guests. It's been about fifty fifty like hands. But i mean the seat makes a big difference. I rule i mean you've got small hands vs your entire backside. Brainer always question the morality of those who choose the heated steering even spec a heated steering wheel without is ever. I don't know. But no. I see it as being like a choice on see like a mid two thousands infinity where one is going to work in the other. Won't that's another. We don't have in europe sentencing so you pass the pass the test of the chris. Congratulations thank you let. Let's actually talk about what. You're here for Tires we've cut. We've covered so many of your videos and frankly you've done it because they're they're amazing. The content you put out is just well. Done your doing something that i think. A lot of people don't really do or do properly or do in-depth going at different tires. talking about. Not just the treads but the compounds. I consider myself a tire nerd. And just the great of the compound. It never struck me as being as important as it is. So that's the reason we're doing so much your stuff. That's the reason we asked you here today. Can you tell our listeners. just a little bit. How you got into the whole tire world. It's a bit of a story. I guess back. When i was a kid i did a little bit of carting. Everyone did i thought i was okay but as puberty and things life happened i kind of on a bit too much right to be competitive And then i tried causing looked like had a real passion for car and and car and ties 'cause My first call was an md which is not thirteen when you get a little. Hatchback is billing over twenty five platform bought it and you came with michelin pilot. Sport is at the original spoils. I'm probably showing my age as a long time ago. Being a bit of an idiot through this front paws in three and four thousand miles is as you do with your first of sporty car running around an put. It took it to the guy and so just like for like and instead of the sports are they policy. Politics is alto which is another mission time. But it's i mean it doesn't exist anymore. I think got rolled into the premise line. But it was. It's more comfort oriented. I got out of the garage. I was like whoa. This is completely different. Both michigan ties both around the same price. like why. why is it going from feeling like this with just a touch engine. It blew my mind. So i went on. The internet. tried to find some information about the differences between ties and it just seemed to be a gulf of data so that time i was in equal muscles the web developer running ecommerce businesses As my career guess and i was missing web developments like this gap online photogr education. I want to be that person to educate toss. 'cause i want the information so i built this website. Tar views started marketing. It and then over the years. It's just kind of light. And so i started as a side thing going with the manufacturers in europe started getting invited to the launch event started gang invited to of things we deal with actual todd testers icon of trade. That way which was like super. I'm super thankful for the car industry in europe for picking me up and i think the first couple of events i went to was good yet but that was back in two thousand and six i salute fifteen years now and it's just road on road on the road on youtube was never youtube was never a thing i wanted to do. It was never all. I really want to be on camera. I want to be a youtube.
Evaluating Teslas Price Changes, Consumer Reports, JD Power (02.18.21)
"And the monterey. So whenever this happens you have the two competing. Schools of thoughts of tussle bears saying. Hey look tesla's lowering prices. If they had enough demand why would they do that. And then you have the taxable saying hey tesla's mission is to accelerate the advent of sustainable transportation. You must cassette in the past that the problem with tussle right now is that their cars are not affordable enough essex production. We should expect prices to decrease because of what tesla set now me personally obviously fall more in the latter camp over the years. We have seen many many price cuts from tesla oftentimes many in the same year and yet tesla continues to operate with the lowest amount of inventory in the automotive market. Then at four with just eleven days worldwide eleven days of inventory. Which if you've ever worked with anything that requires managing inventory. You understand is not a lot for context. Other automakers average somewhere around seventy days of inventory. So the point there is that we have plenty of precedents of tesla lowering prices and that. Not pointing to a demand concern. There was even a price drop at the end of last. May even though tesla had come off production and yet tesla has been able to follow up those price cuts with their best quarters ever for deliveries for revenue. And on top of that they've been able to grow their automotive gross margin even excluding regulatory credits with these price cuts happening while that in and of itself is not proof that every single price cut has nothing to do with demand. Tesla now has very strong track record suggesting otherwise or at the least tesla's proven very capable of managing the relationship between pricing production demand so a small small average selling price cut. Here is not something that i find concerning especially in a seasonally. Weaker key want. I don't think tussle really needs any other justification for dropping prices other than the fact that they've probably dropped costs now that the motto is continuing ramp up now that the model three many refreshes complete. But i do think there are some possible other factors here that are worth discussing first off here. Is the price cut to the standard versions that increases the price spread between the standard range in the long range. That's now ten thousand dollars both for the model three in the monowai versus previously on the motto. Why for example. I was only eight thousand dollars. That's going to push more people into the standard version and on top of the price cut. That's actually getting to lower the average selling price as well generally when you're making pricing adjustments you probably want to push people a little bit more into those higher end versions. You're going to capture more revenue. You're going to capture better margins. But tesla is specifically not doing that in this case and they're even increasing the price on the performance. Now some of that has to do with price sensitivity thousand dollar prescott on the lowest price version is more meaningful to shoppers in that price range. And it's bigger percent of the total cost of the car so that's a factor and then of course what tesla's mission just trying to make vehicles more affordable. Well if you already have a cheaper car cutting the price on the mid range of the hiring version doesn't really do a whole lot there so you've got some good reasons to do that. But there is that downside of making trading up less attractive so another possible reason that tesla might consider doing that is as we've talked about in the past potentially trying to get more vehicles off the production line using the same amount of batteries if tussles got a battery constraint which they often seem to have they can get more standard range vehicles off the line than they could've by putting those batteries into long range vehicles. Then you've got to think about a little bit more than simply just automotive gross margin. Sure you're going to get a little higher automotive gross margin on the long range of the performance versions but if he self vehicles you may actually end up with lower operating margin so just as an example super-quick of how that might work. Let's say you're operating costs are fixed at one billion dollars per quarter for example say classy can sell two hundred thousand. Long-range vehicles of fifty thousand dollars apiece. You're going to generate ten billion dollars in revenue on that. Okay great. let's say that's a twenty five percent gross margin. You have two and a half billion dollars of gross profit. You're operating come. After a billion and operating expenses is one and a half billion dollars in our second scenario here. let's say instead of selling two hundred thousand of these long range versions fifty thousand dollars a piece but say we only allocate batteries for a hundred thousand long-range vehicles. Half what we had before we put the rest of the batteries to standard range vehicles using the same amount of batteries. We then get about one hundred and thirty five thousand extra standard range vehicles so to thirty five thousand and total if we sell those standards vehicles for ten thousand dollars less so for example sake year. We'll just say forty thousand dollars that gives us five point four billion in revenue there and then we still are five billion in revenue from the hundred thousand. Long range versions. So in this scenario we've lost revenue to ten point. Four billion dollars so great. We've got more revenue. We also produced eighteen percent more vehicles so our cost of goods sold on those vehicles should be lower per vehicle but we also had those standard range vehicles. So let's say those dan andrea calls. Those were margin of twenty three and a half percent rather than the twenty five percent. Were getting on the long range. Cars mix together then our margin drops to twenty four point two percent so eighty basis points less than we had before but we now have two point five two billion dollars in automotive gross profit factoring out. Our billion dollars of operating expenses were left with one point. Five two billion dollars in operating income so we actually make more revenue. We make more profit and we make more operating income even though he sold more lower margin vehicles. So that's just an example. But those are the types of things that tesla has all the data for. They can run through those scenarios and optimize the pricing for those scenarios along that same line of thought for tesla because they expect to have recurring revenue from autonomy in the future.
Crew Show! (Tesla's Bitcoin, Ferraris, influencers, and more)
"You skip those trips to. The grocery store makes home cooking easy. Fun and affordable. That's why it's america's number one meal kit. Listen they sent me some food straight up. They sent me food. And i have tried other Meal kits. i tried the one. It's like a color and then an item of clothing me to And it was all right this one. Here's what i really liked about it. The bags came like already like laid out properly right. The rest are super simple and they were like you can make this in thirty minutes from from nothing right and i actually was able to. I work long days. I like cooking. I don't like the time. It takes me to go to the store. Although i do like fresh ingredients and i don't like the waste that comes from cooking for two people. There's almost always waste either in the forms of like leftovers. I don't really want or in the form of like throwing out things that like a restaurant might find other uses for you. Know what i mean just feels wasteful. Hellofresh sent me the exact correct amount of things to make dinner for two people. It was like it was super money. I was really shocked at how good it was I just that's an on i. I'm supposed to read bullet points here but that was not my honest true story about hello praising for three weeks because someone gave it to me as a gift on is really really feels like i'm making fancy stuff and for me. I like cooking. But i don't like the stress of looking up the right recipe right which ones which one of these fifty websites has the right. So they do that for me. And i'm like learning to cook without other stress. Yeah and i really like cooking. But i find that when i'm working hard and i'm and i'm tired. I default to like five or six things that i make. You know what i mean. If i'm just going to the grocery store myself it's like is it going to be meatloaf. Is it gonna be pasta. Is it going to be chicken defaults. So there's so many recipes to choose from at hellofresh that you can literally like learn new cooking without really having to go through the work of learning new cooking. Yes you know what i mean. It's kinda nice right. You cut down your grocery bills. Be by saving up to forty percents instead of shopping. Your local store. Actually we did the math. It was it was actually quite affordable. The flexibility you need with customizable orders every week and etc etc. Both zach. And i were about it. We were both super bad. The food was great. There was no extra waste. The even the packaging that was disposable was like recyclable. In fairly eco-friendly it wasn't like a ton of paper and packaging. It was really good and the vegetables. And the produce was indeed as they say fresh Fresh dot com slash smoking tire ten smoking tire and the
How I Think About Teslas Volatility + ARK Invest, Munro, Refreshed Model S (02.17.21)
"Everybody robin our here. And today we're mostly going to be talking about tesla stock. I've gotten a few questions over the last couple of weeks. As tesla has dipped a little bit here so on an address that we also have a new interview on cnbc with kathy would of arc invest new. Interview from sandia monroe. An interesting note on the apple car there and then a sighting of the redesign the model s all right so tussle stock today shaking off a slow start. The low for the day was actually seven hundred sixty two dollars per share but tesla ended up closing up zero point two percent to seven hundred and ninety eight dollars fifteen cents that did compare the nasdaq which was down zero point six percent. So i've already been getting these questions but of course that big drop this morning the questions again start to come in of gosh. Wise tussle down down fifteen percent from the high of last month. Why does just keep falling every single day. Of course the rebound today helped swiftly reduce some of that anxiety but the questions are still out there. When i see a lot of similar questions it's best to just address those on the podcast. So i want to share my thoughts first of which is that. This channel is not meant for financial advice. Talk about financial related things. But i'm not out here trying to give advice about whether people should hold tesla by tesla. Sell tesla there's no possible way. I could ever answer that question for anybody because it's not a single question. If you sell tesla you're going to have cash. Do you want to hold cash. What are you gonna do that cash. Do you wanna make a different. Investment is the risk adjusted return on that investment. Better for you than tesla or than cash. It's just a series of sort of never ending questions that people have to answer for themselves. I wanna help people think about how to approach those questions but here to answer them so that being said how i think about tesla's day-to-day price movements certainly some days. They're things that we can point to. And we can say okay tesla just released earnings turnings were amiss and the stock fell because of that. That's pretty clear. But sometimes you're just gonna have these three four percents may even more than that drops. That aren't really explainable by the day's news. It's important understand that that happens regardless of what's going on with the company the fundamental basis of the company. Things like that are going to happen. There's going to be periods of time whether those periods are days weeks months or even years where the stock price doesn't reflect what's happening for the company on a fundamental basis long-term investors have lived through this tussle traded sideways from. Let's say twenty thirteen to twenty nineteen six years if you zoom out on the stock price today that period of time looks like a straight line. It looks like the most boring investment ever but it wasn't tesla at that time was extremely volatile. We had sharp increases sharp decreases for example back in two thousand thirteen.
Institutions Adjust Stake in TSLA + Tesla India, Cryptocurrency, EV Market, SpaceX Valuation (02.16.21)
"Just decrease naturally as more demand is fulfilled locally. So it'll be really interesting to see what happens here on the vehicle side. Four tesla in india. As we've talked about before i think there is a big market for energy. India is the third ranking country for energy consumption. And of course that energy consumption just continues to grow and are also extremely well positioned geographically to reap the benefits of solar power. So maybe what we end up. Seeing is some sort of gigafactory. That's a little bit more scaled down on the vehicle side. Maybe they just do sort of one line. Two hundred and fifty thousand a year for vehicles and then a larger percentage than normal goes to energy the return on something like that's not going to be as great as it is for something like giga berlin of course but given what tesla's pulled off in shanghai it should still be feasible economically and still get a pretty good return i haven't seen too much from analysts on this yet but it looks like wedbush did chime in and seems like they're thinking that this could add about five percent to vehicle sales by twenty twenty six. I don't remember exactly. But they're probably forecasting somewhere between three to four million vehicle sales at that point in time so five percent on that would be a hundred and fifty to two hundred thousand next year just a quick thing while we are on the topic tussles factories jason yang posted a video. That was out of china for a chinese media company. That did a little too. were add. Gigafactory shanghai no major news out of that that i saw but it was interesting to watch and does have english subtitles so to that in the show notes couple of interesting things that i think people are aware of but they did mention that the model y in the model three lines are completely separate despite the shared parts and this shirt some detail on some of the things. Tesla does with their power tools. Which record data as they're being used to help tesla just processes over time all right next up here we're going to jump back into the institutional investor filings for a minute just like we talked about berkshire-hathaway this sort of stuff is generating some headlines around tesla over the last few days so i just wanna talk about it briefly to that are driving the most attention for tesla are baillie gifford and capital world so these are to the biggest holders four tussle stock and both of them with thirteen filings. This quarter have disclosed that they hold significantly less shares of tesla than they did the prior quarter capital world sold about six million shares of tesla while baillie gifford sold about seven point four million shares of tesla. But if we look at the percent that tussle holds in their portfolio tesla's still the number one stock for both these companies and even after the sales tesla as a percent of the total portfolio for these companies has actually increased chauffeur capital world previously tussles. About four point nine percent of their portfolio. Now it's increased to six point. Three percent as tussle shares have risen and for baillie gifford at the q four tussle ten points. I'm percent versus ten point two five percent previously. So if you happen to see those headlines. None of that should be surprising. None of that should be concerning these larger funds. They want to stay diversified so as tuscon grows relative to other stocks they need to reduce their position to keep it at a certain percentage so for baillie gifford that's for capital world. That's probably five percent in those ballparks. Not really any different than what we'd see from arkan. We actually talked about the same thing back. In september when baillie gifford reduced their stake tussle at that point in time due to the increase share price it had fallen below ownership of five percent of tusla. That's why the disclosure and at the time managing partner james anderson said quote the substantial increase in tesla share price means that we needed to reduce our holding in order to reflect concentration guidelines which restrict the weight of a single stock and glance portfolios. However we intend to remain significant shareholders. For many years ahead. We remain very optimistic about the future of the company does no longer faces any difficulty in raising capital at scale from outside sources. But should there be serious setbacks and the share price we would welcome the opportunity to once again increase our shareholding and anyway long story short in my opinion these institutions reducing their stake in tesla should not be seen as any sign of concern next year. Just a quick check on some of the things elon. Musk has been tweeting about over the last few days. If you've been following that a lot of it has been on doj going. We're not going to go through. Every single tweet on that but the gist is that musk seems interested. And actually supportive of does coin but the problem is that a lot of the does coin value is consolidated in the hands of a very small number of individuals so as a response to that train of thought. Somebody said he should develop a new zealand coin and try to make that the currency of the earth and yuan replied quote only if necessary quote. So i think what we're seeing here is broader story line about elon. Musk interest and his exploration into cryptocurrency. And i do think it's possible that were in the early innings of what that ends up leading to. Especially when we bring spacex into the fold and start thinking about mars colonization which for us maybe seems far away but for yulon. He's thinking about those things and spacex intense delayed. The building blocks the foundation for mars and part of that foundation as the economic system.
Interview With Racing Driver Alexander Rossi
"Okay folks. This should be fun. We've got a famous racing driver on the show alexander rossi's in the house. This dude races indycar. He races prototypes. He's had a hand in bathurst sat. Hand formula one. He sat a hand off road. And he's telling us stories about all of it. Alexander rossi is on the smug tire podcast. It's from indiana alexander. Rossi is in the house or virtually. What's up man not much. Thanks for having me your welcome. Thank you for dive bombing in zach. Let's get him back. Because i don't wanna look at me. The audience wants to see alex and yet there is with a beautifully soft zoom background approp- appropriate for working from home. Welcome thank you. I'm i'm happy to be here. Happy that in this day and age we can still at face to face contact. Bertish again which i would have bought zoom stock Year ago a year ago the were skype was verb skype. Nothing anymore but that was like skype was the was kleenex a year ago. Where do they go. I mean has anyone dropped the ball harder than skype zooms product. Really that much better though. I think i think we'll we're not we don't use zoom we're using switzer cast but zoom. I think zack zoom the first one to do the the multiple boxes. Zillow allow you to do group chatting. Can you do that on skype Skype followed zoom and skype is far worse. It's quite bad okay. I guess that's that's be it was all about all about the group chat presume I just want to start with like what the hell is it. Like to be a racing driver in the last twelve months like is it. Weird is it. It's less cool than it was fourteen months ago. Just it's it's amazing. How much the fans. I mean to any sport but yeah to racing. You know there's because we don't really see them in the middle of race because you're in a car and it's not a stadium type sport so much of the pre event build up. An energy is all fan related. So that goes away. You're kind of like on the grid about to do this race when it's kind of like cool. This is weird. I feel your practice or something's a practice race. Shouldn't something like that. Because you're right. Show the driver introductions and the fireworks and the parade lap and all that sort of thing and when that goes away. You're just getting in your car and driving around in circles to people have they done. Did they have they tried to do. I mean look. Obviously everyone's doing doing their best to make make it work and keep keep people employed and keep people entertained and you know from drivers to crew people to whoever tv people and whatnot. Have they tried to do anything. That was really a good faith effort to take something that was formerly in person and and make it virtual where you're just like. Oh god this does not work. Yeah kind of and like it's a good segue like. I'm so thankful that we're able to get a season in the first place right. That was always a big concern. When this when this all kind of kicked off on march like are we going to raise his racing exists and all this stuff so it was a huge effort from the promoters in the series teams. All kind of finagle. Their way and make make a season happen but yeah the series tried a lot of different virtual kind of fan meet and greets in sponsor appearances. And it was. It was a necessary evil. Sure but i about the fact that. I just cannot wait for the day that you were back to in person attendance. Just because it's so it's so strange because sometimes like you have these these meet and greets but like people don't really wanna talk to you so you're just sitting there trying to engage audience. That doesn't have anything to ask. And you're like well. I have this for launch. Today i grew up in california. And it's just it's very strange. You lose that human to human interaction but nonetheless we're all adapting. It's all good. It's a it's a very much a first world problem and on unhappy to to start the season here next weekend.