And we are live for a new episode of Electric Podcast. I am Fred Lambert, your host. And as usual, I'm joined by Seth Wintraub. How are you doing today, Seth? I'm good. All right. Is it? No, no. It's not the last show of the year. Is it? We have another show next week, I think. Yep. Okay. Okay. Let's celebrate. Let's make the next week. We're going to make it the New Year show, like maybe year in review and all that.
But this week, this week, for the people that are bothered by us talking about Tesla a lot, the last few weeks of the year, people, the news cycle dies. My voice almost went away there. The news cycle kind of dies down and there's not that many news in any space, really. But there's always Tesla news because especially thanks to Elon and his shenanigans, there's always something to talk about. So, yeah, we're going to talk about that a little bit and a few other things, a few good things, too.
Happy ho-ho, everyone. Happy ho-ho, Rich Deer. Thank you for being in the comments. And yeah, we're going to have plenty of time today too to take your comments and your questions too. So please put them in the comment section right now. We're going to probably get to them pretty fast today because, again, not that much news happens at this time of the year, this very merry time of the year.
But that was one of the bigger news of this week, an exclusive from Electrack that Tesla is about to implement in a hiring freeze into the new year and a round of layoff in Q1 2023. So we learned that from a very reliable source that has never failed us.
And they were told that most, it wasn't clear, we couldn't confirm exactly throughout the entire company, but most teams were told to put in a hiring freeze and to prep for layoff in Q1 2023. Of course, that follows another one of the same thing happened, hiring freeze and layoff, a wave of layoff in June 2020.
And the thing with Tesla, though, when they do that, normally it comes right back up and then they start ramping up hiring pretty quickly. So it's generally kind of like an efficiency wave to clean up the inefficiency in the hiring process because, of course, Tesla is hiring thousands of people every month now.
This thing's a little bit different. Like, we know last time in June, Elon was-- gave a bunch of different reasons for the layoff but the one that he gave internally to like the top executive was that he had the fear of the microeconomics. And he's been vocal about that lately too on Twitter. So I would assume that that's what's happening again. Like, they are seeing some trends
internally that might be worrying them a little bit and they want to scale back. I think that makes sense. And of course,
This news follows Tesla, some confusion, some worries about Tesla's demand right now. And we saw that through increasing the discount this week. So there was a big increase on the $3,500 discounts on all vehicles delivered in the U.S. this month was increased to $7,500.
However, there might be... I mean, demand is obviously the reason for that. You never cut prices unless you need to, really. If people are buying your cars at a higher price, you want that. There's no way around it. But in the US itself, there's been...
There's been some speculation about why it was $3,500, which is exactly half of the federal tax credit or the full federal tax credit that you would get next year if the vehicle doesn't comply to the battery origin requirements.
So we speculated that it might be that Tesla expected to have a half credit into the new year instead of a full credit and then to incentivize people to buy right now instead of waiting for next month. They gave them the credit right away or a discount instead of a credit, I guess. And what we learned to earlier this week or last weekend really is that Tesla, not Tesla, but the U.S. Treasury said,
delayed the release of those battery material requirements until March. And what that result is that every car that is produced in North America, every electric vehicle produced in North America will get the full credit until March since they don't have those guidance to specifically for the automakers to specifically know whether their vehicles or not will qualify for the full credit.
So Tesla might have seen that and might have thought like, oh, now people are going to be expecting the full credit from January through March. So we better give them the full discount right now. That or simply the people weren't buying enough. So they were like, all right, let's give them the full credit and just be done with this. Now...
The kicker, the very big difference is that Tesla is not only discounting in the US, it has discounted also we've seen discounts in Canada and in Mexico. And those discounts have been different. They've been like $5,000. So it's not the same thing. But Tesla is certainly having issues, diamond issues outside of the US. So it's not just a tax credit affecting the demand. At the same time, too, we keep seeing diamond issue, but
And it is accurate to say that, I think, but it's not just for diamond going down. It's also production going up at the same time. So that's important. Like the reason that Tesla is having... One of the reasons that this is having some issues selling cars this quarter is that, yes, the tax credit, there's the Elon factor, of course, that's playing too, though it's extremely hard to quantify that Elon factor. And there is the...
The fact that Tesla has more cars to sell this quarter because production has been up, and we learned that this week too from...
Tesla announcing Berlin to has reached 3,000 vehicles per week. So last week it was Texas and it kind of came out of nowhere because Tesla never even confirmed like the 2,000 vehicles per week in Texas. But while it did a while back for Berlin, so it looked like Texas like jumped ahead of Berlin at this point. But now Berlin was right behind because a week later, Tesla confirmed this week that Berlin
Berlin is not 3,000 vehicles per week. Of course, Berlin is about the European markets, but there's been some discounts in European markets too, including the 10,000 free supercharging miles or kilometers. It's weird about that. It's 10,000 free miles for the countries that use miles and 10,000 free kilometers for countries that use kilometers. That doesn't sound fair at all. No, that doesn't. It's like 1.6 is the multiplier, I think, from kilometers to miles.
like a 60% discount that we're getting. Yeah, so that's the worry around the situation with Tesla's demand. But we did get some good news. Well, I reported this morning. I think it came out like last. Tesla communicated last night. The inventory is pretty low right now, at least in the US. So I did a channel check.
of all the main markets like the Bay Area, Los Angeles area, New York, Florida, Texas, all the main markets. And the inventory has gone down significantly over the last few weeks thanks to those incentives. And now Tesla has even authorized some markets to
sell display vehicles and test drive vehicles. So that's generally a good sign in the last, especially with still a good week in the quarter to go. When Tesla started doing that, it means, okay, the inventory is low now and Tesla is on its way to sell all the cars that they have on inventory this quarter, including the display vehicles and test drive vehicles. And people might think like, that's not,
that shouldn't have a giant impact. That's a few thousand cars. They have a bunch of them at every location. Tesla has hundreds of locations. So that's a few thousand cars right there that Tesla can sell more if they are authorized to do so, which they have been now. So even though I think the worry about Tesla's demand is certainly warranted, and we're going to get into that with Elon stuff, I guess, in a few minutes. But
There is-- it's not all bad signs. I think Tesla is still selling a lot of cars this quarter. However, they are selling it for-- they're selling a lot of them for a lot cheaper. Of course, the discounts only started to happen this month. So there was the first two months that were-- but Tesla in December, the last month of the quarter is always the biggest month because a lot of cars are in transit for a while. Tesla did have 20,000 cars in transit at the end of Q3 too. So that's going to help.
But yeah, I would expect Tesla to deliver at this point.
i'm thinking maybe like eon's magic magic normal number 420 420 000 uh vehicle would be would be sounds about right if it's more than that i think it's going to be a good a good quarter if it's less than that i think it's not going to be great and obviously expect gross margins to go down i would expect things closer to 20 for the ghost margin which is going to be a big drop for tesla really so um but still still likely to still almost
I would be shocked if it says not profitable as the list board. Yeah, I think they're definitely in the profit. But the question is, like, why do they need to sell their drive vehicles like their test drive vehicles and their display vehicles? It seems like a weird decision.
Yeah, well, it's still a vehicle in inventory. It still shows up in inventory and it looks bad. Every car in inventory looks bad. So selling those out, it's literally millions, tens, hundreds of millions of dollars that is off inventory. And that just looks great on the balance sheet at the end of quarter. And also, the cars are...
rumor it's very strongly backed that like the model 3 is coming up with an update relatively soon uh so you might want to be ready to get a new model 3s in there uh the the model s and x have been recently like updated with like a rear screen like a bigger rear screen so maybe like that's
Also, you would want the new car in the shop. And you alternate those pretty frequently anyway, maybe not need to like every quarter or something like that. But it's good to not have it too old when you actually want to sell it, not too many miles, especially for the test drive vehicles primarily. Right.
But even the display vehicles, people sit in those all the time. They get wear and tear pretty quickly. You would be surprised. Yeah, I guess it allows them to have cars they can sell for just a little bit less than the new ones. Yeah, that too, though. Tesla is famously not big on that. They don't offer big discounts for those vehicles. Maybe this quarter is going to be a little bit different with already a $7,500 discount for brand new cars. That's a big deal.
Okay, let's get into the... I mean, before we get into Tesla's stuff, let's talk about a few good things about Tesla, too. This was an interesting one. Tesla's going to allow third-party charging stations on its navigation system, but...
to qualify, you need to match or at least come close to matching Tesla's high standards for charging. What I mean by that is, and that's not just an opinion at this point. For a while, it was an opinion that widely agreed upon.
opinion, like consensus amongst EV driver that Tesla supercharger network was a lot more reliable and a lot better than most of their charging network. But now more recently, we even had surveys that confirmed that. And I mean, physical surveys of people like checking the stations and everything in Tesla's uptime and reliability in terms of the showing up and adding a station that works was so much higher than any other competitor in North America. Apparently it's a little bit better in Europe, if not a lot better.
But in North America, it was not even close. So now Tesla is going to allow to add like when you click on the little lightning bolt on your navigation system in Tesla. And right now it shows you superchargers and destination chargers and all that, depending on which bolts you click. But now it's also going to allow to show like third-party charging stations, so Electrify America, EVgo, and others. But there's a bunch of requirements.
So here they are. Automaker says that the charging will need to meet these three criteria over a 60-day period in order to be headed. So you're going to have to be monitored over 60 days and know if you have at least one compatible charging connector during that time. Okay, that's
Fairly easy. Though, yeah, I should start by the fact that saying that this program is first launching in Europe and Israel, which is going to be a lot easier to match the first criteria because those stations already have CCS and Tesla is using CCS in those markets. In North America, a lot of EVgo stations could already qualify because they already have adopted Tesla's connector at some station. Max, go ahead.
well what is the next connector oh yeah yeah this is called max now the the max connector not the tesla connector all right the other requirement but but obviously over tesla is trying to you said it's a good point that you bring it up right now because tesla is trying to have other charging station operator charging network operators adopt the nacks too so if they do that's going
it's a big incentive for them now to had it because then they could be had in Tested Navigation System. And that's a big deal. Like even if you don't like that stuff for whatever reason, there are a lot of Tested Vehicles out there. So if your business is selling charge, well, being in Tested Vehicles Navigation System is a giant benefit.
The second criteria is be frequently used by Tesla driver at least once every four days. So, yeah.
Again, that's more for Europe right now. So if there's like, let's say like a fastnet station, for example, that's already seeing some use once every four days from Tesla drivers, then it can be added. And then an average charge success rate of 90% or higher. So that's where it's going to be hard for the North American station. They not just need to have the Tesla connector, they need to have a success rate over 90%. And in my own road trips,
In non-Tesla vehicles in North America right now, I have nowhere near 90% success rate. I'm sure that you're in similar situations, Ed. Yeah, except for that one trip I took on EVO with the Ford F-150. But I mean, it seems like a pretty high standard for these things to meet.
Yeah, for sure. That's a standard for them to be added to the navigation system. Then there's another set of criteria as well, just two.
to be taking off of it and that's over a period. If one of those two criteria is met within the 14 days period, you're taking off of the system as that no charge session detected. So if you're not being used for a biotest of ECO over 14 days, you're off. And then average success rate falls below 70%. So this is actually being nice here where to get added, you need a 90%, but then you have some room after that. If something happens, you can drop all the way down to 70%. But if it drops below that, you're out.
I think those... Yeah, go ahead. No, it is kind of weird that if no charges are detected in 14 days, they take you off. Well, that's... What if just nobody shows up? I feel like... I know Tesla stations are quite busy, but I don't know. I could see a charger in the middle of North Dakota not being available or not being used in two weeks, but still an important charger. So I don't know.
Yeah, that's a fair point, I guess. I mean, maybe they could do some exceptions for things like that. But I mean, 14 days not being used, it's a long time still. I guess it's not being used by Tesla vehicles, though. But I mean, there's just so many Tesla vehicles these days. I feel like even the most further out would still get some use over two weeks.
Oh, by the way, this is a new feature at Electrek that was launched this week. The top comment now is showing up inside our article. So for the top commenters on Electrek, you have a chance to be featured inside our articles now. I like that. I hope you do. You're the one behind that feature.
You're doing your A Love Box now. You're retweeting your old quotes. Yeah, exactly. You retweeted it like, that's right. That's a good idea. Whoever came up with that is smart. All right. Other good Tesla news this week.
Well, I mean, it's a rumor. We talked about it last week where the rumors of a Tesla Gigafactory in Mexico is becoming closer and closer. And now there was even a report this week that says that it could be announced as soon as this week. So I guess today would be the last day to do it. If it doesn't happen this week, what the sources in Mexico are saying is that it would happen next month. So they would wait.
I guess, on the holidays, Mexico, they're big on Christmas in Mexico. They'll wait until the new year, I guess.
There was, I think there was a few other things. So yeah, some of the reports were also saying that there was going to be an investment of $800 million to $1 billion at first. And at first, it would be to supply parts, to make parts to supply Tesla's other factories. As we reported, this is just outside the Monterey, which is not too far from Tesla Texas. I think 300, 400 miles or something like that. And...
But $800 million to $1 billion for parts supplying is big. And the same report suggests that the investment could get into several billions of dollars and could include the production of actual vehicles. So Tesla could be producing vehicles in Mexico.
And now I think with the new tax credit too, like it includes vehicles produced in Mexico, right? Yeah. Ford, Mustangs, Mach-E's or... Yeah, it's North America. So it's not a bad investment to make now building things in Mexico. So we'll see. And then on the bad side news, Volkswagen is going to sneak in a quick $1,500 price increase starting January 4th. So in about two weeks.
We have all the new pricing here. So the standard ID4 standard is going to start at $39,000 and it goes all the way up to $55,000 if you're on the Pro S Plus. So of course that comes with...
The tax credit is also going to get in place at the same time. And for the Volkswagen ID.4 that are produced in Tennessee, you were expected-- Are we expecting that they get half the credit, right? We're not expecting them to get the full credit. Eventually, they will get half but until the battery thing-- I think they're in the same boat as Chevy. Yeah. So the first three months, you're going to set $7,500.
and then it's going to switch to 35. well i mean we don't know like that's the whole thing with the delay of the the battery thing like we we need to wait until march to figure it out i mean i i to be honest i'm not shocked by this whole thing this whole uh
Battery thing not panning out until March because tracking these things is so hard. I did a nice report. I don't know if you guys missed it. I don't think we talked about it on the podcast about the battery passport. So this coalition of EV manufacturer, including Tesla, it's actually led by Tesla, the battery passport.
The chair, there's two chairs and one of them is from Tesla and the other is actually from Investment Quebec here, who's, you know, the battery valley thing. So they are big in there. So these two people are leading a coalition of EV manufacturers to be able to track every component of a battery, basically, to know exactly where it comes from. And that would be obviously a game changer for the tax credit thing. It would be.
You would know exactly if you get it or not. You can know exactly the percentage of materials coming from North America and countries that have free trade agreements with the US, which is the requirement for that. All right. All right. All right. Let's get into it a little bit. What happened with Elon Musk this week and everything. So,
Since we left you guys last week on Friday, there was a few big developments. So we did half the show last week on all the shenanigans that Elon is involved in and how it's affecting Tesla and all that. And we're not the only one putting some pressure on Elon. There's a lot of investors from Tesla putting a lot of pressure on him to do something because the stock has been crashing too all week also. And...
He put out a poll out there saying that if he's going to abide by the result of the poll and the poll was saying, do you want him to leave the leadership of Twitter? And I think he was surprised, but the poll came out, 17 million people voted and 57% of them voted for him to leave the leadership of Twitter. I think he was very surprised as well. And it wasn't even close.
And it was his followers that saw it and could vote. Yeah. Yeah. That's, that's the thing too. Like that, that's the thing I wasn't so sure about. I think he was very confident about it because he sent it. He has the most followers than anyone on Twitter and he sends it out. So, and it's only a 24 hour poll. So yeah,
Things happen pretty quickly. And I'm sure other people can spread it. There are other people that have a different message about the situation and then they can vote yes on it. But within 24 hours, you'd think that he has a big advantage on it. Anyway.
It came out like that. And in the past, he has followed these things when he said, like, there's a poll, I'm going to follow it. So I thought, okay, this is a step in a good direction. He's been voted out. He's going to have to move on and we can go back to some kind of normalcy, semblance of it at least.
But we started seeing early on Monday that that was confirmed, the results. And right away, it took him a full day to comment. For a full day, he didn't say anything about it, which I would assume he was fuming. And then he started to question, at least through other people. That's the thing I hate about the way you use Twitter these days. All the more controversial things that he discussed, he's not discussing himself.
He's like, he retweets other people and he comments on tweets sort of like agreeing or not even agreeing, like doing like interesting, like saying interesting to someone talking about like Kim.com talking about the deep state and things like that. Right. Oh, that's interesting. That's the way he like brings attention to a point of view without saying like, Hey, this conspiracy theory is something you should think about like that. He would never say, well, he probably would now, but yeah,
It's just he I noticed this like a long time ago. He brings things to the fore that he doesn't necessarily he can't say that he agrees with, but he just like here's some stuff to 200 million people like you should look at this. And that's not great.
You know what it reminds me of a little bit? Well, a lot actually. Trump? Yeah, when Trump goes, someone told me or have heard of like they say, they're saying, like we're saying, they're saying, everyone is saying things like that. Like just normalizing a wild belief. Because Kim.com, I mean,
I haven't followed him in a long time, honestly. And I know for a fact that the U.S. messed up the whole thing around him. They play dirty and the U.S. plays dirty a lot. There's no doubt about it. So the U.S. played dirty and also there was a lot of shenanigans in New Zealand about it and everything. But the guy is also not great company. To be honest, he's...
always had a clear pattern his whole life is like how can i squeeze money from people on the internet with providing shady services like this this has been kim don comes like mo for a long time and he's been very successful at it god bless him but uh he's not like the most like trustworthy person in my opinion and you have him talking about the deep state
rigging Elon's poll and Elon is like, "Oh, that's the kind of guy I want to listen to right now." That sounds like Donald Trump losing the election and like giving any resemblance of validity to anyone that's suggesting that there was some fraud in the election. It's not a good look at all. And then there was a few of those things in a row that he did
when he started to comment on the whole situation without never saying exactly that he will not follow the result of the polls, but he did say that, okay, next time that there's an important Twitter decision that goes to a poll, now it's only going to go to the Twitter blue people, so people that pays him $8 a month.
to be on Twitter, which obviously is going to sway everything to his favor because most people that are Twitter blue right now are pro Elon Musk, which I would like to know how many people that is. I would assume it's not that many, honestly. Not saying that that many people are pro Elon, but many people that are willing to pay $8 a month for Twitter blue. Yeah. I mean, we'll never know unless it's a good number because it's a private company. They don't have to say anything. Yeah, exactly.
So in the meantime, the stock kept crashing all week, like a lot, a lot, a lot of crashing. But Elon more recently confirms that he will abide by the poll and he's going to step down as CEO once he finds someone. He's still going to run server and software, which is like 90% of the company. Software and engineering he's going to run. But I guess if he...
If he stays true to that and he can stop commenting on the policy stuff, that would be still a big win, I think. Because it's his old comments on the policy stuff that sounds so... I mean, I had this comment last week. Him just getting off Twitter would be the best thing. Yeah, that's not going to happen, though. Right. Yeah. But yeah, and then it accumulated to yesterday where he jumped into a space, a Twitter space, where people were supposedly talking about Tesla. Yeah.
because of course Tesla had a horrific week on the stock market. There was a lot of Twitter talk in that space really, but he did make a few comments with Tesla. The biggest one, the one that a lot of the investor wanted to know is like, are you going to stop selling Tesla stock? And he did confirm that he's going to stop selling, but he didn't.
I mean, we are miles, hundreds, millions of miles away from Elon saying, like, I'm going to be the last one to sell Tesla. Like, obviously, we've been away from that a long time. But now his comment on it was – so Jamie put the quote together here. So I'm quoting from –
I'm not selling any stock for, I don't know, a minimum of 18, 24 months. You can count on me. No stock sells until 2025 or something. This is verbatim, I assume, from putting the intentions in it different. But I need to sell some stock just to make sure that there's still some powder dry to account for a worst case scenario. I won't sell stocks until two years from now. Definitely not next year under any circumstances.
Even though he said 18 to 24 months. I don't know. I would assume that Jamie took this thing. I didn't wrote that, but would take this thing verbatim. I didn't hear that part of the space. I was like in the grocery store as I was listening to it.
But that's a crazy quote right there. Going from, I'll be the last one to sell Tesla stocks to, I'll sell it to prove people that I pay taxes, to I'll sell it to buy a social media platform. And then I'll sell it to keep that social media platform alive to now I'll never sell until 18 to 24 months. Oh, maybe next year. No, definitely not next year. Maybe the year after that. It's just, oh boy.
But he did say that and he kept repeating that he's never missed an important meeting at Tesla since he acquired Twitter because that's been a big worry of Tesla investors lately. We're like, how much time is he actually spending on Tesla versus Twitter? I think it's a fair question and
I don't know. So there was the other thing this week too where Russ Gerber, who is a big Tesla investor, big Tesla investor for a long time, big fan of Elon Musk too, that he said he was running for a board seat now at Tesla because he wanted to hold the board accountable for what Elon is doing. And I mean, the guy has no concern. Let's be honest. Let's be very clear. Russ, I agree.
I haven't seen him show any concern whatsoever about anything Elon is saying on Twitter. So let's take it out of the way. His only concern is the stock price. And you think that the biggest impact on the stock price is Elon selling, which he's probably right about. And he wants Elon to spend more time on Tesla rather than Twitter. Okay, so he's not going to be, if you think that he's going to be some kind of a...
like Twitter police for Elon, like forget it, forget it. But he has these concerns. And it was kind of wild because Elon responded to him on Twitter saying that he should, he says like, yeah, Russ, you should go back to reading. I hope I didn't lose you, Fred. There's been some bad weather in the area. So we're hoping he pops back on. Oh, there he is. Fred, you're back. Oh yeah. So Fred had a power wall. Had an outage.
But the power walls kicked in and screwed with everything because I think the power walls are actually on a lower voltage. We were talking about this earlier. I think the power walls come in at like 24, sorry, 208 volts versus, you know, the 240 or 220 that most things expect. So Fred's having some issues. We'll see if he comes back on here in a few minutes. Meanwhile, I guess I might as well begin doing more of the show. So I'll bring that up.
Oh, there he is. He's back. Sorry about that. Just lost power. It is a blizzard here right now. My power wall kicked back in, but...
I'm not completely backed up. All of my, like, as you can see, I have a pretty crazy setup here and not everything in my setup is backed up on my power wall. And like, I just lost my main screen and I lost a few things where it's crude with my setup basically, but my audio is still good and I'm good if I'm on this camera and directly on my laptop. So can you put up the screen we're looking at or I can do that actually. Yeah, you can, you can do it. Cause it's with all my, all my Google Chrome, uh,
Windows, when my main screen just shut off, basically, it wouldn't go back up. I couldn't go back up to it. It's so strange. All right. We were on Elon. Yeah, I was thinking about Russ joining the board, right? Yep. Let me timestamp when we get back on. Let's see. 3720. Yeah. 3730.
Yeah, sorry about that, guys. It's very bad outside here right now. Very bad. I don't know if my power got back on or my power wall is completely on right now. All right. So where was I with that? I was saying, so Ross is trying to... Yeah, Elon responded to Ross by saying, yeah, Ross, you should go back to reading like Financials Analysis 101, which...
It's really, in my opinion, at least unacceptable for a CEO of a company to tell that to one of their investors that has serious concern. And all he was saying, it was like, I want the board to do a review of Elon Musk's time spent at Twitter versus Tesla. I want him to have a clearer plan about selling Tesla stocks.
which is completely fair. Like Elon is a big part of why the stock-- like it's direct sells. I mean, not even what he's saying on Twitter and all that. His selling of the stock is a big part of the drop in Tesla stock.
And Elon, like, after a lot of people were like, "Hey, why are you being a jerk, like, responding like that?" He said that-- he claimed that it's not about the Tesla stock. Like, he refused to take responsibility himself, his stock sell or his action on Twitter having an effect on Tesla stock. He thinks it's the Feds increasing the rates.
And just the broader market is down too, which is fair to a degree. Like there's definitely that has been a big impact. There's no doubt about it. But you have to recognize that it has had an impact too. And I posted the charts earlier.
of tracking the Nasdaq versus Tesla stock. And in the last two months since he acquired Twitter, it's night and day. Like the Nasdaq has been mostly flat down a little bit and Tesla has dropped like 30% in that time. So there's no comparison at this point.
So Elon has had a huge effect on the stock. There's no way. And the fact that he's not recognizing that and then that he's mocking a shareholder for even for asking for some checks and balances over his role, it's just not a good look at all. And yeah.
There's the hope right now that at least it might be stepping down from the role of CEO of Twitter. But I did this whole thread yesterday on Twitter about it, because we've seen a lot of Elon superfans and Tesla superfans slowly trying to get better perspective on the situation, really, and see that Elon is not really this hero that can do no wrong and all that.
But there's still a lot of them that are still completely behind him and supporting everything he says and all that. And I mean, we don't need to get into that, but I think that's a big part of where we are here right now. I think that's part of the issue where Iman has...
I think lost a lot of his feedback loop through those people, I think. I was just going to say, yeah, I think a lot of people who are big time investors in Tesla and have lost half of their fortune or whatever. And frankly, it's not all Elon's fault, for sure. The broader market's been down a lot, but
His selling and his tweeting are obviously big pieces of what they've lost. So they're starting to take him to task a little bit more. I wouldn't say everybody is, but like for a large chunk. A good chunk. And, you know, it's funny because I know you're hearing this, but I'm also hearing people who, you know, used to, like when we started, you know, kind of wrapping up
uh elon's knuckles about being an idiot on twitter they they kind of told us to screw off and now they're kind of like they're back and like oh we were wrong you're right
Yeah, we saw this where this was going and a lot of them was like, "Oh, it's just a little bit of fun or something." Now that your guy seems more excited about the next QAnon drop than he is about the Cybertruck, now it's not fun anymore. Obviously, I'm exaggerating, but not that much, which is kind of crazy when I'm talking about Elon Musk.
But yet, I see nobody has the idea here. Nobody in the chat. I mean, that's their handle. So Elon has lost a lot of his credibility. So that's the thing. A lot of these people that are holding on to, they're staying on the Elon side on this. They are holding on to the idea that it's just a stock price being affected. It's not the actual Tesla operation that affected. It's not the actual financials. It's not the actual fundamentals affected.
And he can argue against that because we've seen Tesla probably having some demand issue lately. So it's not really true about that. But I think the credibility part is the biggest issue where Tesla...
Tesla has so much of its value attached to Elon's credibility, and the company itself has to admit it in its own SEC filing about ongoing concern that they are attached to Elon Musk to a degree. And if Elon's tried to be disinterested in Tesla, not as much as he has been, it's going to have an impact. So it's not even me saying that. That's Tesla saying it. And...
uh lately over the last few years since since tesla dismissed their pr department and elon has been the sole voice of tesla really the sole spokesperson for it so a lot of his
A lot of Tesla's value has been attached to his voice and his credibility. And his credibility is just in free fall, just like Tesla stocks. Tell me, what's the actual English saying that's correlation, it's not causation? Is that it? Yeah, correlation doesn't mean causation. Yeah, but in this case, I think it does. I think it is causation.
And again, not fully. I know that the feds have a role to play. I know the broader market has a role to play. But this has definitely a role to play too, where Elon's credibility is falling. And there's a lot of things at Tesla, like the FSD program, for example, that it's because we don't have access to much data about it. I know there's the FSD beta program and I have it in my car and everything. But I'm having issues myself using it.
Determining how much of an improvement it is over time. I have it since May, it's going to be a year in three months. I don't feel it has improved that much or at all really. We need to see a path to delivering on this promise here. A lot of that is based on, we have to base it on what Elon is saying because we don't have any data on it. Now what Elon is saying doesn't mean what Elon was saying.
Three years ago, you had a lot of people and almost all Tesla investors. Elon says something, that's true. That's the truth or whatever you want to see it as. Now, Elon says something and you have...
I cannot put the percentage on this, but I wouldn't be surprised if you have a majority of people that are seeing what he's saying and they're rolling their highs. That's how I see it at this point. I mean, look at his Twitter poll. Yeah, 57% are rolling their highs. Of his followers. So it's a big deal. And he's not getting the message. He went to a Chappelle show, not necessarily pro or...
you know, negative Elon audience. And he was getting booed by 90% of the people. Like it wasn't. And definitely an anti-woke audience too. Like the shit on us is anti-woke, but still, it was still San Francisco. How much anti-woke can you get? Um,
And yeah, that was a good point where he seems delusional about how people view him at this point. We cannot say it for a fact, but it looks like he was expecting the poll to go a completely different way. And then he started to argue that the validity in the poll in the first place
And just two weeks before that, the whole Chappelle thing where he says actually 90% of the crowd was cheering and 10% was not cheering. And that from the video, that seems completely off. And from the fact that you don't stop the show when it's 10%. Yeah.
He stopped the show and freaked out. He did claim that a fight broke out and everything, like a few minutes after he got on stage. But even before, as soon as he got on stage, you can see his body language change. And like he was not expecting that. And, you know, when Elon gets on stage, he gets on stage at Tesla events, Neuralink events, SpaceX events and all that, where he literally, he's like a rock star at those events. We've been there. And I remember, I will never forget Elon.
mo y event 2019 we are very close to the front and we're just we're just like this like to so many people around us and everything waiting for elon to i can i had my laptop in my hands like writing my article as as things were going on and when elon goes on stage the poppy got like i've been to the comedy shows i've been to concert and like he got like very similar pop and that and then
There's women in the front row that are like putting their hands out there as if like the Beatles are coming out. They're about to faint. It's crazy. So that's what he's used to when he gets on stage. And obviously he was shocked by what happened.
at the Chappelle show and the fact that he's not recognizing it shows that he's in a different place right now. He's not... Yeah, he's disconnected from reality. Yeah, exactly. And then, of course, like tweeting conspiracy theories and deep states and all that. It's a bit worrying.
But so I guess that's the progress on Elon Shennan against this week. But there's a slimmer of hope that he's going to step down from the role of Twitter ahead and hopefully focus a little bit more on Tesla. Let's jump into the comments. What if he did the opposite? Well, I think that's where he finally came to the Tesla talk and all that on the Twitter space because you had a lot of people that...
okay a lot of people that you would never see them say anything wrong about tesla just a few weeks ago or a few months ago that i've been calling for him to step down as twitter ceo and focus back on tesla and now it was starting to be that some of these people were even switching and like okay screw that screw even him coming back to tesla resign from tesla and focus on twitter then and we'll find someone else at tesla so it was getting to that point where
I think he had to do something. Well, let's see what you guys have to say about it. Let's jump into the comments section. All right. I'll close this here. Comments say, thank you, boss fan. Merry Christmas. Appreciate that. Get you up on screen here briefly. Yes. Thank you, boss fan. 20 bucks. That's nice. Yeah. Question. Tesla has great margins on cars and has already grid electricity, auto bidders, and virtual power plants. Why?
are they not including inverters and two-way plugs for cars to combine features i agree about that last week yeah yeah that seems like a no-brainer and it would be nice just to have you know backup capability for people like fred who lost power yeah uh when and how many chevy electric trucks delivered next year is ford increasing production of the mach e for next year um i do believe ford is
increasing production of the Mach-E and all their vehicles. They're trying to get up to like 600,000 a year. In 2024, right? 2025, somehow? They want to have a run rate of 600,000 by the end of next year among all their vehicles globally. Oh, really? Yeah. As far as Chevy, though, I... So...
We've been trying to talk to Chevy PR for so long, and they just really aren't great at what they do. No offense to any person in particular, but they walk back there like, hey, the Chevy Silverado is going to launch in spring.
And they said it's only going to launch for fleet vehicles and it's going to launch in very low numbers for the whole year, for 2023. So I don't think they're going to deliver many and they're not going to deliver any to consumers. So unless you have...
a fleet of and you ordered a fleet of Chevy electric trucks, those Silverados aren't coming until 2024, which is kind of bad news for the truck industry. Ford is obviously going to be producing tons of F-150s, relatively speaking. They're looking for a rate of $150,000 by the end of next year. They're probably going to deliver a lot less than that. $100,000 would be nice next year, I think.
Yeah. All right. Nick Cedar question. Is there a way for someone to take advantage of the tax rebate if you don't owe that amount in taxes? I don't think so. That's not. Yeah. Well, I think there is some language. You can lease it, actually. Yeah. If you lease it. Yeah, that's right. If you lease it, then it goes to the dealership. Yeah.
But I think there's language in the bill that includes a shift from tax credit to actual direct discount at the dealership. There's no clear pathway for it yet, but I think that's going to come eventually. Maybe not the first year, I think. Yeah, and they're behind on doing the behind-the-scenes stuff. All right. Nate Tegas says, Elon Factor, three of my clients canceled their orders because they hate Elon now.
They think he's acting like a child and they, but they ordered a lucid in two ravines and said, at least they bought EVs. Yeah. That's good that they stayed with EVs and expensive ones. Um, yeah, I think a lot of people are kind of in that camp. I know it was a lot easier for me to get a Chevy bolt, uh, just kind of knowing that, I mean, Chevy's not great either. Like,
there's no good car companies i guess elon probably knows that like he can be a dirt bag and he's really not going to stand out in this world but uh no offense to everybody i know in the car industry but you know there's you know gm spent like four years like kissing up to trump and you know killing all the environmental stuff so
all right ron king question that's a good point yeah i mean gm's gm's just going which way the the money's coming all right ron king question are there any other companies installing grid batteries with software yeah of course yeah there's plenty of them um but i i think tesla right now is having the biggest impact with with the mega pack like it's uh it's not even close really and um and it's growing fast the mega pack like
2023 uh it's going to be impressive the output yeah and you know they're the number one brand in the field for sure so we're talking about the tax credit ron king says no not this year it's only a credit on the taxes owed no he's responding to that previously uh stew how did you check the inventory for tesla in the united states they don't show duplicates on their website and don't list vins anymore
Yeah, there's ways if you know people, but obviously I'm not going to go into the details. Tired of the Elon drama. Okay. Well, I hope. See you later. All right. Andy Lee Robinson share price now at 123. It went down in after hours to 122.88.
I've lost thousands. Someone just asked for it down in the comments if we're buying at these levels. I know you've been thinking about it, but I don't think you've pulled the trigger, right? No, I haven't pulled the trigger. I still have 15 shares from my previous adventure with Tesla. From all of the splits? From two splits? Yeah, three split and a five split. Okay.
All right. Oops. Now I lost my power. Hold on a second. Can you read that? Oh, yeah. He revealed himself, alienated his existing and aspiring customers, and turned his brand into a car-shaped MAGA hats. So disappointed in Elon. Yeah. The MAGA. All right. Let's see if we can find a good one here. Nobody loses money on a down stock unless they sell.
All right. Yeah, okay. But the way back up is going to be a lot longer if you don't stop the free fall, which Elon hasn't done much to stop the free fall. Andy Robinson, good point, Vaughn. I'm trying to forget that I have them and hope that they'll still be worth something in 10 years' time.
Yeah, but people have to remember that's great. If you bought it with your own cash that you're willing to lose and all that, that's completely fine. But it's not how a lot of the market work. A lot of people buy on margins and things like that. And then there's margin call. And then that contributes to if there's a free fall in the stock and then people getting margin calls and then
and then the stock, they have to sell to cover and then it keeps falling further. Like that's what's happening. I'm not saying that I'm not defending that use. I don't even use margin. Oh, I do use margin sometimes for, but for, for like basically, uh, things that I, I almost know for, for fact, that's going to be like a,
uh anomalon like not tesla never just there's too much but it's a lithium tesla but something like i've used like for yeah i don't i want to be careful because i made it sound like i i used some insider information so that that's what i'm saying i can give you an example like for example i did use some margins on uh veil this year because i thought veil is going to be like uh it's a no-brainer because especially you own the stocks you get dividends on it i could pay my interest on the margins from from the
from the dividend alone so that that's been a great move for me so i've done that but uh i'm not talking about any kind of insider information so that all right the jose says how's your mom's bolt uh so it's winter time in ohio and she was very curious about why the the range went way down so we had this we had the same conversation that we've had many times with many other people um
Chevrolet actually changes the range based on the temperature and how you use it. Yeah, which is good. That's the main thing, I think. That's having accurate range projection inside the car. That range projection is better at eliminating range anxiety than actual, actually more range.
All right, let's see. Moving on, a rare Facebook comment. Elon is definitely a cult of personality, and I've been a fan for 10 plus years, but there's a time to stop screwing around and get down to brass tacks. He needs to get serious about Tesla or step aside. Yeah, I think that's... Yeah, there's a lot of people that have shared that sentiment lately. It just... One of the big ones for me has been him, like,
And I was trying to get on the Twitter space on him to ask him that question because to him to elaborate on him saying that his number one priority right now is defeating the woke mind virus. Is that really the top priority? Is that really what you should be working on? Because I understand there is some concern about it when like
how prevalent it is like in universities and academics and things like that. Like I can understand there's some issues with that that could be significant, but for the most part, like most people that I talk to about it, even people in the universities, it's not like...
I think the center, people in the center, they realize that's just like, okay, the right have their QAnon folks and the left has their ultra, cancel everything that don't agree with me. That's about it. There's been versions of that for centuries. Yeah. What do you think about cars being a bore to Elon Musk these days? He demonstrates that he's moved on.
Do you think he's just too bored of Tesla and Twitter's too exciting for him? Yeah. Well, that was my point. I mean, I'm back on the Elon bandwagon as soon as he seems more excited about the Cybertruck as he does about the next QAnon drop. Like that's been my line. Like when I see him start to like, even like the Tesla Semi event, for example. So it was an opportunity for us to see him more recently and talk to just Tesla. And yeah,
He didn't seem that excited about it. He didn't seem to be that knowledgeable about it. Like, I forget. I'm sorry. I forget the guy Presley. I think Dan Presley, if I'm not mistaken, is the guy's name that was on the stage with him. And that guy was good. Like, I would have taken like just him. Like Elon, move aside. Just him does a presentation.
obviously knows more about it than Elon and that's not Elon's fault. Any CEO, the guy that's running the program would know more about it than the CEO. I'm not blaming Elon for that. But he just was a lot better at communicating what's exciting about this program. And Elon just didn't seem that... There was no pep to it. So I understand David's comment here. Yeah, and also you and I talked about that Elon...
doesn't always know the minutia of what's going on, but it seemed like it was even further out of the picture. He didn't know about the route of the truck, for instance, and other little things. And normally, and probably still is to a degree, but
you had to that that was one of the things that even his detractors had to give him like for a ceo like he knows a lot in the details of like all the engineering programs like you can it's it's he does sometimes like on calls and everything like that like defer to another person but for the most part like he can tell you like everything that's going on which has always been impressive and yes it does seems to be fading away a little bit at this point
Dan Oberst says, if Elon was confident that Tesla stockholders support his antics, he should make a shareholder proposal to remove himself as CEO. He won't because he knows. Yeah, especially if he's not voting his own shares on that. If he's not voting his own shares on that, he might be surprised by it. But like Dan says, he might not be surprised and that's why he's not doing it.
You know, I don't follow this closely. You might. I'm curious, like, you know, he's got all those options that he was awarded on those tranches. And then he sold a bunch.
How is he as a percentage owner of the company versus where he was, you know, like five years ago? Because he's been given a lot, but he's also sold a lot. Yeah, he's definitely below 20% now. He was at 22 a few years ago. And I definitely think he's below 20. And I wouldn't be surprised if he's closer to 15 on this one, which is still like incredible for a company that big to sell.
a for a funder to to retain that kind of ownership well that's why yeah if you look at google and things like that like sergey brin and uh larry page like i don't think it's nowhere near like 10 now they have like one and two percent or something yeah even even uh steve jobs and well steve jobs had a very storied history with with apple coming in and out and all that but still nowhere near that kind of percentage it's extremely rare
brand company though but destiny is still like relatively young like it's it's not even 20 years old so yeah i mean and what a lot of founders do like i think zuckerberg google
um they make their shares like you know 10 bible voting shares preferred preferred shares right so they only own two percent of the the company but then they own like 50 of the votes so they they can keep themselves in no matter what i know yeah two is credit you know has not done that or they had at some point but i think once they went public the uh it changes structures yep all right michael romano says can you guys discuss who if anyone could replace elon who has the stamina focus and vision
Well, you don't need as much stamina focus and focus. Well, I guess focus and vision probably, but stamina, if Tesla is your only focus, you don't have six other companies to manage. So you can put that aside for sure. The vision itself also, like the first 20 years of Tesla, the culture that was put together and the vision put forward by Elon,
And the mission statement of the company, as long as you, what you need is really someone that's going to keep Tesla on track with the mission. And then a good manager that's going to keep talent wanting to come to Tesla and all that. That's what you really need, really. So as anyone to replace Elon, Tom Zhu has been like the top pick right now. Like there's been a lot of rumors that he's actually being groomed.
or maybe not for replacement of Elon as a CEO, but maybe for like president of automotive, which used to be a position that existed at Tesla. Or like a COO position maybe. Maybe something like that, though Tesla never had a COO, so it would be brand new. But president of automotive would maybe make sense. But even for the vision part, like you put Elon as chairman of the board or something like that, and you can have him like be the keeper of the vision, right?
while you have like just a strong manager to take over. Obviously, Herbert Diaz, I think is the quick, the one that people keep going back to, which I wouldn't be opposed to that. I wouldn't be opposed to Tom Zhu either. I didn't like on the, there was another Twitter space with Ross and Gary Black, I think is his name.
Though I don't want to put that comment on Gary because I think that was Ross that said it, that he said that he didn't like at all the idea of Tom taking over because he says like a Chinese person will have... will collide that it's not the same culture and will collide as a leader and especially in Texas if you... because Tesla is not based in Texas, that it would be a problem.
I wasn't going that far to be honest. I was going to see releases. I just think it's just plain wrong because first of all, Zhu is, I think, is US educated. So he spent years in the US and I'm pretty sure he's aware of the cultural differences between the Chinese people and especially the workers, I guess, like the working culture is different. So I'm sure he's aware of that and can adapt to it. I don't think that's really a problem.
And then like in a more emergency situation, we've talked about, uh,
Zach Kirkhorn taking over as an interim level and maybe Drew Baglino or something. Yeah, I mean, you can elevate also a lot of these people to just take more responsibility. So let's say that you bring Herbert as CEO or you bring Tom as CEO and you can just put Drew as CTO and give him more responsibility and maybe Zach as a CFO and CO and also have more responsibility, things like that.
Yep. All right. Moving on. Question. Do you expect Tesla will continue to drop prices in 2023 on 3NY and the USA as they ramp up production in the Austin factory? With potential recession and Elon antics, how low can prices go? That's the big question. Eric is asking the huge question. Like, where is the bottom and how things are going to track in 2023? So hard to predict. So hard to predict because...
I have some hope that the Elon and tech's impact is going to slow down. I think there was some indication this week that Elon is starting to get the message that a lot of the people are at the end of their rope and they are like, don't push us a lot more because...
Like Elon, for all it's worth, saying that he won't suppress his view and all that, I think like anyone really, like ourselves included, we want to be liked. We want to be loved and all that. And if he starts to realize that there's a true shift in the public opinion, I think he might start to revert and adjust. I mean, you don't have to suppress your opinions. I mean, just realize that.
the impact that what you're saying and just put more responsibilities on your words like that's it that people are asking so i think we're going to see that more so i think the impacts than the best and i also believe personally that the impact on the stock price at least maybe not an impact on sales anything about the stock price elon's actual sales of stocks had a way bigger negative impact on the stock than than his antics so i think
So I think that will calm down. But so a lot of Tesla's performance in 2023 is going to be based on like if we do enter a recession and how strong a recession that is, that obviously is going to have the biggest impact in my opinion.
And, and then, and then, yeah, I think the production ramps, things are going, are looking good on the, on the Model 3, Model Y, I should say, production ramp in Texas and Berlin. So I think 2023 is going to be a big year on that front, but then you're going to have to keep selling those cars. So,
uh obviously i think inflation is going to go down and we this is costs are going to go down and they're going to be able to absorb a little bit of that the price decreases that i would assume would happen in 2023 on most of this vehicle programs
But the Cybertruck is going to be the big game changer, I think, in 2023 is how soon they can get into production and how fast they can ramp up production. Because we were just talking about the F-150, it would be nice if Ford could produce 100,000 next year. You just cast a lot of doubts about any kind of significant volume on the Silverado electric. There's a real chance that within the next...
12 to 18 months, Tesla Cybertruck could catch up in volumes with those programs. Tesla has the credibility on that front in terms of ramping up electric vehicle programs. They have the credibility on that front. But do we have a CEO that's really committed to doing that? And if not, someone like... So there's so many factors at play. So personally, I think that 2023 could be good, but also it could
Could be just it could be another difficult year leading to 2024 being where things really go back up. All right. Andy Robinson thinking now that if he steps down or is removed from Tesla, the stock price will rocket. Just need a charismatic visionary to replace him who is an impetuous child.
i don't know yeah i don't agree with that i think it's probably some would buy some would sell yeah exactly all the die hard fan that are still let us love him a lot of them are shareholders like they will not be happy about it right
Jose, maybe Elon is behaving the way he is recently to tank Tesla so he can buy back low. I know it's a stretch. He's pouring all of that into Twitter. Somebody was saying... You have to realize too that every time he's selling, half of that is going to taxes. So there's that.
Also, you know, how leveraged is he? I guess he's not super leveraged on Twitter, but like I think generally like he lives his life on loans against Tesla shares.
Do you think he's anywhere near getting margin called on any of that? Well, I mean, my understanding is that Tesla has to disclose all of that. And in the latest filings, it doesn't look like there's that much borrowing against Tesla stocks. Yeah, you can look pretty good on a very small percentage of Tesla. I would be curious in February when we get the 10K from Tesla. I would be curious to see if there's any of that going on. That could be interesting. Yeah.
on fsd david pierum says my car hasn't improved in at least the last two years okay a lot of people are saying that especially if you're not in california yeah uh do we talk about yeah i did i did bring that up shane what shane said about uh if we're buying another all right um my wife wants to get rid of her model s because of elon she refuses to buy any more tesla stock elon is hurting tesla
Yep. We know that's really happening. In 2024, the tax credit can be transferred at point of sale for EV purchases. Yep. That's what I was thinking earlier. All right. John Pinky says Elon will defend Trump on Twitter and will have to align himself with Jared, the Saudis, the Trumps, the Magas, the Nazis, and the Q. I guess it's a slippery slope there, but I see...
The pictures of him in Saudi Arabia. Sorry, I had Qatar with the Saudis and Jared Kushner. The Qatar's. How do you say that? People from Qatar. I've heard people say Qatar and Qatar. I don't know. All right, John. Pinky Tesla stock price $50 USD for all of 2023. It's directly related to Twitter.
He's calling it. I don't think so. Jesus Garcia, how would these new 2023 tax credits apply to EVs with specs and performance of the Metacycle and Rivet Anthem? I think that's for another podcast. Yeah, those are motorcycles. I don't think there's any tax credit for motorcycles. Are there? There wasn't, but there's going to be something in the infrastructure plan. Oh, really? Yeah. You're going to get a zero or something, Frank?
Well, I'm in Canada. I've been perfectly willing to buy an electric motorcycle for a long time as long as they let me pass my test with electric motorcycles and not gasoline ones. That's my problem too. All right. There's a victim of the woke mind virus right in our forums. I hope that you recover. Zombie walking around. Shane O'Sullivan, when he came onto the space initially, he sounded very shaken after yesterday's fall off the cliff stock price.
But there's no challenge at Tesla anymore. Nothing to draw him back. Bad sign for Tesla. There's no challenge at Tesla, really. Tesla is still dabbling, dabbling in battery production. I feel that's the biggest challenge, really. Tesla is stagnated. It's boring. Cybertruck, come on. I feel like there's lots to do. I don't know.
uh musk failed to deliver 30 000 car or pickup truck uh i think i think he's delivered on that part yeah well no the 30 000 car uh that was a big thing on the on the call with uh yeah gary black and uh and and ross gerber like they keep saying that it should be out already i don't know about that exactly yeah
All right. Electric family says Tesla, Tesla, Tesla, Elon. How about any other manufacturers? Get a room. We did talk about the ID4, but
It's true. Maybe we should do two podcasts, one for Tesla and one for the rest of the industry. But there was not that much news this week, guys. We've been scraping to get some news. It's always like that the week of Christmas. And the next week is going to be the same thing, guys. I'm working all week, but don't expect a ton of news coming out. Here's somebody to run Tesla from Lebanon. We have Carlos Gozen, who would have good energy to run Tesla.
i don't know i've heard it yeah it's like every letter is the wrong sound uh he would be an interesting combo with elon that would be interesting give you that yeah i don't know i don't know his status i haven't looked up like how in deep doo-doo he is right now i saw um i was on a delta flight back from uh the kia event and uh
his and you saw him in a suit game no no he was yeah he was in the baggage claim area oversized uh sorry that's inappropriate but uh
There was a documentary on his situation. Oh, really? Yeah, it's out there. Do you know which channel is that? I'll be curious to look that up. No, look it up. I'm sure it's... And is he in it? Like, is he giving interviews? Yeah, he's got, like, gray hair because, you know, he, like, dyed his hair black and everything for the role. I'd be curious to see that. Yeah, it's interesting. I didn't get through it all because... Fell asleep? Yeah.
All right, we're getting toward the end here. Let's see. Elon doesn't want to be the CEO of Tesla. He has said this many times. He wants to be with the team working. Well, he has plenty of opportunities to not do that and he still stays CEO. If there's one thing that we have learned from this whole situation is, and I think a lot of people has opened their eyes to that, is you cannot trust everything that Elon is saying.
um you can't sometimes he lies and some and he likes to massage the truth is that's that i hope that like i know that i've i would have said that on the podcast like two years ago and a lot of the people would be like just hammering me on this right now today i think a lot of people are like yeah i think i think it's right the guy yeah because sometimes i would i'd post a news story and things like that like based on sources and everything and then um
like Elon would like deny it or something or other people would do it and then people are like, why are you not correcting? Like, we're not taking that down. Like I would add like, okay, Elon says that's not true, whatever. But, uh,
And then people are like, well, why are you just hiding that? You should take it off. It's definitely not true. If Elon said it, they're like, no, no. It's like some people are saying this is true. And then Elon says it's not true. It's not like the truth lies probably in between. Like, it's not it's not as simple as that. At best. Yeah. Yeah.
All right. I think we're pretty much done. All right. Well, yeah, we've been an hour 15, I guess maybe a little five minute. Yeah, it is with my power going down. I don't even know if I'm back on now or if the power walls are still on. Check your app. Yeah, I need to check my app. But my screen here is just not getting back on. I hope it didn't burn or something. But yeah,
we'll look that up and then i have to go shovel snow for like two hours but thanks everyone for listening to the show it's then we're gonna have the last show of the year next week we'll try to make it a big one even though there's not gonna be that much news but we're gonna try to do maybe like some kind of uh of a year in review and then maybe something about like what's we expected to 2023 so stay tuned for that and if you do enjoy the podcast please give us a thumbs up a like uh whatever it is on the app that you're watching because we are on
everywhere and we're live everywhere every week for you guys and we do this for free basically like the last few weeks we didn't have any sponsor on the show so i hope you guys can appreciate that and give us a five-star review if you do that's also super helpful and we're gonna see you same place same times next week for the last show of