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TESLA DEEP DIVE 🔋
Recorded: June 10, 2025 Duration: 1:02:06Space Recording
Short Summary
Tesla is on the brink of launching its revolutionary robo-taxi service, with significant discussions around new vehicle models and the evolving landscape of the electric vehicle industry. As anticipation builds, investors are focusing on the long-term growth potential driven by innovation and technology.
Full Transcription
Thank you. What is up everyone?
Happy Tuesday.
It is noon Eastern time. It's, I guess, whatever hour of the world you're in. It's a great day, though, because I'm looking at my Tesla chart. And here we go. We are all the FUD from this weekend, last week. Boy, a lot has happened, I think, since we last spoke here, right?
Boy, yeah.
I don't even know where to begin as we dive into it, but we're going to dive into it.
Tesla deep dive.
I'm from the stock side, the trading side of things more than anything.
Obviously, I'm an investor in Tesla myself, so i've followed this story very closely not as closely
as some of these great panelists i have up here but tesla up 3.38 percent right now uh briefly
got back over 320 after trading down at 273 just a few days ago uh thursday we saw a low in the
270s in the stock price now we're back at 318 right now, 319. And if the track
record of this space holds up, I don't know if this is going to work today just because this is
a big resistance level from a technical standpoint, but usually at this hour, every Tuesday, Tesla
finds a way to pump. So we'll see if we can do it for you guys. Either way, there are some really,
really exciting things coming.
This is the penny.
This is the week, right?
Well, if assuming the 12th date is, is correct, then it is the week, but you know, we don't
know about the source of that.
I'm not exactly sure what day we're going to first see the robo taxis on the street
of Austin, but we do still believe
that it's this month for sure.
That means that we're weeks away at the furthest and days away at the closest.
Um, I mean, actually for all we know, it could be today.
So I'm really super, super excited to be, uh, on the eve of robo taxi.
I'm also excited to see that Trump and Elon are getting along
a little bit better.
I am happy for anyone that had a chance to buy the dip.
I don't think we're going to be seeing a whole lot more dips like that with as much as Elon
and Tesla have to look forward to over these next few months.
I think they teased a new, maybe seven seater model Y, which is a big deal.
We're still waiting on the more affordable models.
We've got robo taxi.
I'm sure we're going to get another optimist update soon.
And, uh, you know, it's going to be a hell of a next few months for Tesla for sure.
Yeah, definitely. So what we do know on the confirmed stuff, because, uh, the report,
I think it came out of a Bloomberg terminal one day. I don't know the exact source of it,
but June 12th was the reported dates. Um, but I don't think we ever got anything official from
tests on the date i know a
lot of you guys track even like the invites and stuff a little bit closer than that i know some
of you probably even have some flights sitting in your cart ready to purchase um so it'll be
interesting i'm definitely paying attention to that all of the uh elon president trump drama i
guess we'll just call it drama at this point. Um, did seem to cool off a
little bit yesterday as well. Several headlines coming out. They asked him about, I was actually
watching that Trump, um, event that he was speaking at and they asked him and, uh, even went on to say
some nice things about Starling. Uh, he, uh, he said, there's no way I'm getting riveted. It's a
great service. So, uh, some positive comments there. Um, not really, I don't know
that they need to call and make up or anything. I think it's just kind of let it, you know,
let it blow off and move along. I mean, I think Elon's got bigger things to do. That's just kind
of my thoughts on it. But Penny, anything else that you want to hit on, uh, before we start
throwing it around? No, right off the bat. Uh, I think that's a good start. I am, you know,
I think that maybe a little cooling off period between
Elon and Trump is a good idea.
I trust Elon though, to make whatever sort of political decisions he want.
I love, uh, Omar's joke about how he gave us one last chance to get, uh, to
get Tesla cheap before the robo taxi launch.
Uh, you know, but, but it. But it's definitely calming to see him posting hearts
in response to videos from Trump
instead of making accusations.
Yeah, for sure.
And to your other point that you made,
I mean, June 10th, honestly,
I really thought just knowing Elon, following Elon
that yesterday, six, nine would have been the day, but it's common past. We missed out on that
opportunity, but there's only 20 days left in June. And if you don't count today, that's,
it's even less 19 days. So we'll see what happens there. Omar, what's up, my friend? How are you today? Hey, happy June. So, you know, it's been an interesting past week
with the Elon Trump feud. The market had a pretty brutal reaction. Tesla lost $150 billion of market
cap in one day. But as we come out of that, we're starting to see momentum move
in the other direction. And that's encouraging to see. We've seen them kind of downplay and
de-escalate what happened. And people's fears that SpaceX would be nationalized or Tesla would be punished because of Elon's tweets
turned out to be, I think, wishful thinking by the bears.
So now we come in, the stock trading a little bit lower, starting to move in the other direction,
and it's June.
And I think investors are looking at this and saying
this is one of the most important months in Tesla's history.
Not only are they launching the ride share service
before the end of the month,
but they're also launching new, more affordable vehicle models
based on the Model Y platform.
So this new vehicle is going to ramp very fast because
they're building it on the existing Model Y production line. The same production line they've
got in four factories on three continents that's already making more than a million vehicles a year.
Model Y is, of course, actually the best-selling car model on earth.
Model Y is, of course, actually the best-selling car model on earth.
So I think that really is what is in focus for most investors right now as they look at June,
the robo-taxi service, and the launch of these new vehicle models.
So, you know, the EV industry is going through some interesting stuff.
There was some interesting reporting this week on
BYD and everything that's going on in the Chinese auto market with the Chinese government having to
intervene to prevent sort of a price spiral. So, you know, right now we're seeing a little bit lower growth, compressed margins compared to where
they were a few years ago.
This is, I think, all part of the process.
You have so many EV companies that got into making EVs, your legacy automakers in America,
in Europe, in China.
You have startups in China, startups in the United States, all trying to get into
the EV game.
And almost all of them are losing money trying to make EVs.
Last year in China, we saw for the first time more EV companies shut down than started.
About 16 shut down and about 13 started.
So there's still a lot of new companies starting, but for the first
time there was actually more that shut down than started. And I think what you're going to see over
the years is a painful period of consolidation where many companies become fewer companies,
pretty much mimicking what we saw in the gas car era. A lot of people probably
don't remember this, but there weren't always three major car brands. There were at one point,
many, many car brands. And then we consolidated into a few. So I think you're going to kind of
see the same thing happening in the EV space. Now, the bears are going to pound the table on this and say, look at Tesla, the margins are
compressing, growth is a little lower. This is a crowded space with so much competition. But
I think really, as the market reaches equilibrium, you're going to see a situation where the stronger players, your Teslas
and BYDs of the world, are able to survive and take a bigger share of the market, while a lot
of these less strong players that are discounting, that are giving away their cars essentially,
are not able to continue business. So, you know, I think this is a storm that's been going on for
a few years. We're starting to see the consolidation happen. I wouldn't underestimate Tesla and think
that EVs are done growing, or this is sort of the final state. You, I think, are very early in the
trajectory of EV growth. Here in the United States, there are about 8% of sales.
So I think the EV industry has a lot of growth ahead of it,
despite this period of overcapacity,
where companies essentially got too excited and made too many EVs
before that mass market cohort really started joining at big speed.
mass market cohort really started joining at big speed and um you know even if we do see a
commoditization of electric vehicles where evs are really selling at a very low price with very
little margin and you have a big ev supply chain building up that situation isn't really that bad for Tesla either, because they're
really trying to sell autonomy.
And if EVs are low cost, and there's a strong supply chain with many parts, many suppliers
making motors and power electronics and all the other things you need for EVs, that's
going to end up being pretty good for Tesla's autonomy ambitions.
So yeah, to summarize, it's June.
I think this month is a turning point for Tesla.
Investors are looking at the reaction to the Elon-Trump feud
and realizing, wait a minute, this was completely overblown.
$150 billion wiped off the market cap
for a few tweets, maybe some ill-advised tweets, maybe not very professional, but tweets, right?
I mean, for all we know, he was just taking a shit and was on one and just kind of posted that.
was on one and just kind of posted that.
So the value of Tesla long-term is going to be based on the technology,
the cash flows that technology is able to produce,
and not who Elon is voting for, and not what Elon tweets.
So I think that's what is kind of in the focus for investors
as we move into June here.
Appreciate you kicking us off with all those thoughts, Omar.
I'm sure there's plenty of things we can dive into.
But Landon, I've got you up here.
I want to see if you've got any thoughts around, gosh, everything, I guess.
I mean, we know the big thing
we know the big thing right but there's there's a lot of exciting things happening right now
are you getting retail retail investors retail investors i want to talk about for a minute but
first i'll say omar some very sobering posts that you've had lately, I think, poignant about the times that we've seen in the last five years
with Tesla. And the legacy automotive almost has reacted so much worse than we even could expect
that it's just this train wreck that is actually a little harder on Tesla. It's a bunch harder on
Tesla than if the legacy automotive would have been a little more predictable
and not made so many bad moves, causing the spikes in the prices of lithium and the crashes.
But anyway, yes, a very, very sobering post about the consolidation in the legacy automotive.
But we will continue to watch that slow motion train wreck. From our sideline,
the retail investors swarmed in, swooped in, and covered when they saw the value of the Tesla stock
last month, like no other percentage of Tesla ownership. The retail investors, but what are we hearing every day? We're in spaces, X spaces rooms, many, many, several times a day, no matter what day of the week, no matter if it's 2 a.m., there's often a Tesla space on X spaces. And who's talking in there? Well, it's not the Wall Street, let me tell you. It is retail investors. And what do we talk about?
We talk about the products.
Why did we buy this?
Because we all have, there's, you know, five or seven different reasons for buying a Tesla
that could be your hot button.
It could be how it goes when you jam your foot down on that accelerator.
It could be, you know, what you like plugging in in the garage every night instead of
going to a big fuel center where everybody's smoking and buying their tobacco products.
Whatever your reason for buying Tesla is, you've probably bought it because you have an experience.
What we see in these rooms is people are buying Teslas and then saying, hey, I need this stock.
Or maybe they've come into the stock because it's in the news every day,
and they say, I have got to get this car because both are so good.
But what are we told about being retail investors?
The bears, the professional bears, the Wall Street bears, the short sellers,
what do they ask us about our positions?
They say, how can you be
this dumb? We're so worried about you. They flesh out their argument for us. We see how wrong you've
been on the Tesla stock and the Tesla product and the robo taxi and the FSD. We are so wrong,
they tell us, that they're worried about us. They're worried about
our financial future, our families. How will we possibly go on when we're making such a bad move?
Well, go back to why we bought the stock as retail investors, because we love the products,
because we continue to see the company execute from our experience, hands-on,
day in, day out. We love the product. We love the people building the product around the world,
but American workers building American products for us here in the USA is very important.
And we love Tesla and we'll continue to be right as retail investors.
So bring the dips and we'll buy them. Thanks so much, Wolf.
Yeah, I wonder how the retail investor, just the average retail investor, I feel like
probably the average Tesla investor is,
especially if they've been in for a little while,
they're used to the volatility.
They know this is a volatile stock.
But this weekend got on this,
especially on this app here,
this weekend got a little bit interesting,
just seeing the amount of people
that were questioning things.
It's like, it's usually the point of where it gets that far.
And of course, somebody is always calling for a Black Monday somewhere, right?
But when it gets that far, and when people really start doubting and getting that, like, that overshoot move,
like, what do I do here? Like, you know, that's usually when things revert.
Just, I don't know, the more time I spend in the market, the more times that seems true.
And the more times I look at a Tesla chart,
the more times, once again, that that does seem true.
And here we are.
Appreciate those thoughts, Landon.
Ryan, want to give you a chance to jump in next.
Hey, thanks, Wolf.
Yeah, I was thinking what Omar said
about Elon being potentially on the toilet
and dropping some bombs.
I was thinking maybe Elon was thinking he wants to drop two bombs at the same time and make these tweets from the porcelain throne.
What Lando was saying about loving the, um, loving, loving the products I think
is, is super true.
Like Tesla sales tend to tend to move up quite a bit if the stock moves up.
Um, and then the, the reverse obviously ends up being true as well.
being true as well, if the sales are good, then the stock will eventually follow. So you kind of
If the sales are good, then the stock will eventually follow.
have like both reinforcing each other. And basically the retail investors are listening
to what Elon has said, which is buy stocks of the companies that you love or buy stocks in
stocks in the companies that produce products and services that you love. So the fact that
the companies that produce products and services that you love.
Tesla makes products that people are willing to talk about in their free time on these spaces,
like Landon was saying, that's really meaningful. It means that they care enough to go and spend that extra time trying to advocate for it to their friends and family.
Like if there's a product that I like or a product that I have a negative experience with,
I'm probably not going to go out of my way to tell somebody about it.
If I have a terrible experience with something that I see an ad for,
then maybe I'm going to try to do my best to tell my mom or dad, hey, don't buy this.
But then if it's something that brings me a lot of joy that I think has great value,
or in this case is the safest vehicle on the planet then i will take i will take extra time
to say okay here are the facts here's why i love this product maybe you should consider getting
one too uh and then that word of mouth is extremely powerful so really just the the stock will eventually catch up to retail sentiment.
And this is just vehicles.
Really, Tesla is much more than that.
They continue to innovate.
And yesterday's Apple event kind of reminded me of the fact that we no longer have Steve
Jobs.
So in 2011, I was a very young high school kid and I invested the little that I had in
Apple.
It was one of the first stocks that I bought with my own desire. And I remember
thinking, well, everybody I know has an iPhone or wants one. And I feel like Steve Jobs is a very
capable leader. And it seems like this company is making a lot of money. I don't understand how it's so
cheap. And at the time, I was looking at very basic financial metrics. Well, now we kind of
have an opportunity to invest in Steve Jobs, amplified or Steve Jobs squared squared uh and elon is you know upending multiple industries at the same
time he's pretty much never had a large-scale failure with any of his businesses um and Tesla is probably the most,
like it has the most opportunity at the current stage because of its scale.
So like, obviously Neuralink is a super small company.
It'll eventually probably be in the trillions.
So that's a thousand X from now,
but it will take many years for that to play out.
And it's not public tesla obviously is and you have an opportunity to invest in it i think it's gonna become a no-brainer when we look back on it like we look back now and we're like well
would you have wanted to buy apple in 2011 when it was around three years after initially releasing
the iPhone? Yes, I would have. And would it have been easy to do it at the time?
You know, 2020 is always much easier with hindsight, but I think it is quite easy to
look back and think about all the most transformative
leaders in the world. So, you know, for my generation, it's pretty much Jeff Bezos and
Steve Jobs. And then the generation before, my guess is it was Bill Gates, Larry Ellison,
It was Bill Gates, Larry Ellison.
I think his name is Jack Welch.
And then, you know, a couple of other really, really transformative business leaders.
And eventually, like that leadership is just undeniable and all the results follow.
So I'm super excited about the future of Tesla.
Everything that we're talking about with full self-driving and all the other products like solar, optimist, the stationary energy storage, charging infrastructure, dojo.
All these products are just a byproduct of great talent at Tesla.
And we're going to continue to see more products as we fortunately have Steve Jobs.
You know, I would consider Elon to be way more capable, much more inspiring, just much more of a capable business leader than Steve Jobs and tremendously innovative.
And we have him at the helm right now.
And Apple is a fantastic company.
It's just that their trajectory is less steep than it would have been if Steve Jobs was at the helm.
So, yeah, I think people will look back and regret not being in the stock if they aren't already.
Thanks for letting me speak, Wolf.
Ryan, that's a really interesting point that you're bringing up here. And it feels like the last kind of major technological revolution that we saw was the iPhone. The iPhone, absolutely. I actually use that as a kind of a breaking point between
generations. Myself, I was basically in high school when the iPhone came out. And I feel like
anyone a little bit younger than me, maybe a few years younger than me, they essentially grew up
with smartphones and anyone my age or a little bit older grew up without them. And I think that was a major technological shift, I guess,
generational type of product that came out.
And it feels like we are in that same type of position today.
And, you know, we had the internet one when that kind of really got going.
And then we had the smartphone and it feels like this is the next revolution.
I don't know, Ryan.
I kind of like what you're saying there with Steve Jobs and Elon.
And I think that's a fair comparison overall.
And you know what?
I hope one day we have the problem that Tesla is done so well that it's just going sideways
and buying back its own stock and not innovating anymore.
I would love to have that problem. I don't know what you think about that,
but I think I would love for Tesla to be where Apple is today in 15 years.
That's so sad. Don't say that, Em. I don't ever want Tesla and Elon to stop innovating. That's
tragic. That's looking at it like strictly from an investor perspective. And only if you're looking
to cash out at that point, I hope that I never have to sell my Tesla shares and that Elon and
Tesla continue to innovate. And at some point, Optimus is so profitable or whatever is, you know,
the Optimus 2.0 is so profitable that we all live off of our
dividends from that. And, and it keeps innovating and we build a Dyson sphere and we have Tesla
energy, uh, you know, taking over not just earth, uh, but the rest of the solar system and the
galaxy. And that's what I look forward to from Tesla, not turning into Apple and creating glass icons.
No, thanks.
Yeah.
So, well, that was very, that was very interesting yesterday.
No, it's a touché is what I'll say to your, to your point there.
That's a good rebuttal because I guess my thought would be, I would be okay with it
because that would be a great problem to have.
That means that everything going on, it would be a massive success, right?
I guess that's more of my point than the other side. But also, hopefully, we don't see a scenario where we don't
have Elon around at least, you know, anytime in the near future. I mean, I think that's the key
here that the point I was trying to make more than anything was Steve Jobs was, you know, that
innovative brain and put a good team around him. And that's what Elon seems to do
very, very well. So hopefully we don't ever flatline, right? And hopefully we do continue
to always innovate. And I think we will. If anyone's doing it, I mean, I would bet the house
on Elon being that person. So very interesting there. Kim, we haven't heard from you yet on
this space. We'd love to welcome, we haven't heard from you yet on this space.
We'd love to welcome you. Always great hearing from you.
Hey there.
What's up, Kim?
Nothing much. I mean, I look forward to the robot and I think the innovation, I like what you guys
said about Apple and, you know, their lack of innovating currently, like what is liquid glass?
They seem behind on the whole AI thing and Tesla.
I think if Elon can stay focused on the businesses,
but it looks like every time that he's tweeted something
that's political, it's been a great time to buy the dip, right?
So that's been positive, especially on that 15% down move last week, you know, was a keen opportunity.
But yeah, I mean, I think their innovation and their technology is so amazing.
And, you know, people are really buying the future and what they can do in the future.
And if anyone drives their car like all of us do up here, then you recognize how far advanced their technology is.
You know, it'll be interesting to see when they put robo taxis out.
They're not going into L.A., right?
They're just going into Austin.
For now. For now.
You know, because just when we see that there can be destruction,
you know, on driverless cars,
you know, be interesting to see kind of how that plays forward.
But looking forward to their launch, their robo taxi launch.
And by the dips, and buy the dips.
That's the current thing to do on Tesla.
That's what I did.
Kim, I appreciate you.
So one of the topics that you're hitting on is something I'm interested in.
I would love Landon, Penny, Ryan, or Kim, even if you know.
But what confirmed details?
I think it would be good for, I mean, maybe it's selfish for myself, but for the audience here, what confirmed details do we have
around RoboTaxi? I know from what I've heard, it's 10 to 20 was the last thing I read,
10 to 20 total model-wise sometime in June. What all do we know and where are we?
Well, look, look, to be frank, we don't know anything.
What we know is that Elon posted that it has started, that there's robo taxi on the road in Austin with someone in the passenger seat.
And there have been no incidents. And that has
been more than a week since that. So that's what I know based on what Elon has said. There's no
June 12th date that's been confirmed as a business insider, can't remember the other production,
Business Insider, can't remember the other production, based on a source at a Tesla event.
So it's not a June 12th certainty at all.
Maybe this month, hopefully by the end of the month, we'll get more vehicles out on the road.
But it has been interesting that people have been begging for photos.
Where are the photos of these?
That's my first question yeah landon where
there is a assumably one or more tesla vehicles driving around austin right now with no one in
the driver's seat and we don't have one photo like trying to to get your uh photographer to
to get some pics of Spider-Man or something.
Like, you know, they can't get it done.
But that's what I know.
And we know that Elon wants to do this very, very, very carefully.
He says, we're going to just dip our toe in.
He says, I feel like we could put a hundred out there and it would be fine.
But we're going to go so slowly to prevent issues and to learn.
So I think that this is going to explode exponentially. We just don't know when,
and that's part of the secret sauce. It got to the point with Apple to where here we are months
and months before a new hardware release Apple has every year. And everybody knows what the new iPhone looks like.
And now we know what the new software looks like.
And we know what the new Siri doesn't look like.
But we don't know shit about Tesla's cheaper product that's due out any time now.
We don't know where the robots are.
They've doubled down to steal Tim Cook's phrase phrase on secrecy and i think it's working
i guess some would say it's like getting a grainy photo of bigfoot maybe we can get a grainy
photo of a robo taxi one of these days um that that will be interesting um so that's what i
wanted to clarify so it seems like there's more we don't know than what we do know.
But Penny, Ryan, anything that you guys have around what we do know, don't know that Landon didn't hit?
No, I think he hit on all the important points.
I think the interesting point that most people don't process is, yeah, there is already autonomous Teslas on the road in Austin.
already autonomous Teslas on the road in Austin. They're just not paid rides yet,
I think is the distinction between what they advertise in terms of what we would see in June
and what we're seeing already. So I expect that if things continue to go smooth on those,
they'll probably ramp up the number of those non-paid rides over the next week or so,
to the point where they're comfortable turning a couple of them into the paid taxes.
I expect that still in the next few weeks, but Landon's also correct.
There's a lot more that we don't know as opposed to what we do know.
We have just a few official announcements,
but they were driving really hard all through May
that it was going to happen in June,
and I haven't heard anything
official that would contradict that at this point uh in fact you know the opposite like i said it's
already kind of rolling just not in the paid ride state so i do believe that as soon as we get any
more word on that it'll spread like wildfire people will be booking tickets and planning on
being one of the first to pay for a ride in an autonomous Model Y with no one in the driver's seat.
I think that's going to be posted all over the place.
So I actually expect that we'll hear something official,
giving us more concrete dates this week.
I would expect before our space next week,
we've some bad boat details. Fingers crossed. four-arched space next week. We've got both details.
Fingers crossed. That's what I'm hoping for. And I know a lot of us are on pins and needles waiting for some concrete details on this. That's why I kind of wanted to clarify
that. I think one of the
important things that you mentioned, and Landon mentioned this as well,
there are still a lot of
people that are doubting this uh the entire autonomous driving they're they're still i mean
i guess there's doubters for everything in the world right but there's people that are saying
that robo taxi and autonomous drive is not a real thing but it's it's literally happening right now
we know it's happening yeah it gives me a lot of confidence
to be in an older model car with a slower computer and worse cameras. And I still get updates and my
car is phenomenal. It's like so good at driving me around. I still believe that they're going to
achieve full autonomy in the older hardware cars. I the that the hardware 4 is even better with the faster chip and and the better uh camels and
there's just no way that this isn't going to happen it's 100 happenings uh you know there's
already weimos on the road all over the place and it's using a different system but uh it's my
opinion that the test test system is even better uh elon reiterated yesterday
that they took uh you know the the radars and lidars out of the car because it was more noise
than signal it was actually hurting the product not helping and you know they're ready to scale
there are so many of these cars already on the road they just need to prove that it's safe in
this latest version with no one in the wheel,
that there's absolutely no necessary interventions. And I think we're going to sort of like open our
eyes and the world is going to change. We're going to be like, like you said, with the iPhone,
the kids that are in high school now grew up before autonomous cabs. And the ones that are
a little bit younger than that, they're going to be getting their rides to school school in these cars they're going to be going to their friend's house in these cars
they're going to not have the same sort of territory limits that we had where you know if
you can't get there on your bicycle or you can't talk your parents into driving you you're not going
right uh i think that the whole world is going to change access uh to get around it's going to be
cheaper more plentiful and I'm super excited for it.
Benny, did you see there's a story out today from the autonomous driving company? It's been a little
quiet lately. Wave announced a partnership with Uber today. Oh, isn't it exciting to announce
these partnerships? They always work out. But in London, they're going to be beginning some robo-taxi, road trials, testing, what have you,
whatever you want to call it, mostly just a marketing kind of announcement. But hey,
more power to them. I think we need more, more, more. We need more energy. We need more batteries.
We need more autonomy. And so when this comes out, that means more people
are reading this and saying, oh, okay, autonomy. Oh, okay, autonomy. And so when we get to the
point where Tesla goes live with an unsupervised version, they've got a baseline to think,
oh, autonomy? So that's really exciting to see. They showed an electric, a Mach-E from Ford that was all kitted out with their LiDAR and such.
And we know all that story.
But let's root for them a little bit because they're getting the word out there.
They're spending billions.
And it can't be all that harmful.
You know, at least it's not the Teslas that we saw with graffiti and being damaged and burned this week.
So more power to more people.
You know, the timing of these, I'll use the word protest just to be friendly here. The timing of
these protests is inconvenient for Tesla, because if this does spread into Austin a little bit, I don't know, crazier conspiracies have happened.
Well, I understand the fear, but think about it.
This is not a vehicle that looks as foreign as a Waymo.
This is a vehicle that looks like your neighbor's Model Y, and it actually looks good.
It kind of looks like the future. It's exciting. But, you know, this has also got the nine cameras on it.
And this has got a federal judge that this year said that they are stepping up the federal crime
status of attacking and vandalizing a Tesla. So these people have gotten the message and that
vandalism has pretty much stopped.
And so for it to move into that area, I'm not sure that I see that as much as just kind of,
this is not an autonomous vehicle outrage, in my opinion.
If I may interrupt, they did move into Austin yesterday. So it was Austin and Dallas.
I don't know if you guys knew that, but yeah.
I mean, I think that's kind of interesting too,
that it wouldn't be against, you know,
thinking about this, that you could destroy a Waymo
and you don't have the same punishment as a Tesla.
I get that Tesla was being targeted.
I don't even get the whole thing about destroying Waymo's anyway.
It's senseless.
Symbolism.
It's just destroying anything and everything out there, right?
It's just making a scene.
I guess the good thing would be that Teslas don't stick out,
especially if you're in Austin.
If you've been to Austin lately, you know Teslas don't really stick out like a Waymo would.
Yeah. lately you know teslas don't really stick out like a waymo would yeah i i haven't i haven't actually obviously seen one on the road um yeah no violence is okay let's just say that
i definitely think we can all even against waymos Waymo's. Even against Waymo's.
So here's the question.
I mean, even as Tesla fanatics, Tesla investors, believers, all the above, I don't know.
I mean, there is some rivalry, I guess, there with Waymo.
But honestly, I feel like most of the Tesla people I speak to are okay with Waymo.
I think they're generally for the technology advancing.
I don't know.
What do you think, Ryan?
I don't know that there's a huge, maybe a friendly rivalry, like, hey, we're better,
light our shocks, that kind of stuff.
But I feel like it's a friendly rivalry.
Yeah, I think you're right because really autonomous driving is is beneficial for everybody i mean this is this is where the
future is headed uh it's safer it's more convenient it's cheaper so it's better overall and i think
So it's better overall.
And I think people, if the price and safety are comparable amongst competitors, then I think most people would be agnostic to which brand they choose to ride with.
So it's basically as long as the experience is the same and the safety is you know very very close to the same
then it's probably not going to matter uh this is kind of like two two weeks ago when i brought up
that the the first rides in the austin uh self-driving vehicles is going to be kind of a
non-event it's it's really really just that all of the cars that we drive
today are all capable of the same thing. It's just that we end up sitting in the driver's seat.
So I do like that this is the first time that people are going to be able to take pictures
of nobody in the driver's seat. And there you know, there's, there's potentially an epiphany that people will have, but I don't know, to myself,
I feel like, okay, definitely my car could do 99.9% of the drives that I do right now,
if I wasn't in the seat seat if I was just sitting in the
back and I don't know playing on my phone it could do it and it's it's absolutely remarkable
technology I want the world to recognize that it's here uh yeah I I'm excited for the event I'm just not excited enough to fly out and see
I have a question
may I ask one
absolutely Kim
okay so
my summon has this ever
happened to you guys
so I was trying to show
off the summon to
looks like you went on mute.
Yeah.
Did you,
I think you may have accidentally muted yourself.
there we go.
My headphone fell out.
okay.
When I was trying to show off to the lady at home Depot,
who was checking me out because I had tons of plants and she's like,
pull your car over here.
And I go,
Oh, well I have my Tesla. I'll of plants. And she's like, pull your car over here. And I go, oh, well, I have my Tesla.
I'll just summon it.
She's like, what?
I've never seen anything like that.
She was an older lady.
So I wanted to show her the technology.
And I summon it.
And it wouldn't connect.
And then finally, when it connected,
it decided to stop in the middle of the, you know, aisle in the parking lot.
And then I kept trying to get it to come to me and it wouldn't.
So I had to go run to the parking lot looking like a failure.
That's what I said to her.
Can I cut you off with some breaking news I just heard from the new squawker? Tesla summoned failure. I'm like, I go, this is what I said to her. I said, yeah.
Can I cut you off with some breaking news I just heard from the news squawker regarding Tesla?
X reports that the first driverless car has been spotted in Austin. I just, I mean, in the last 30 seconds, I just heard that on the news squawker.
I'm going to go look for the tweet.
Yay.
Anyway, so then I just told her, I said, I think that my Tesla's having performance anxiety.
Have you guys had that happen?
I'm just curious.
Yeah, one time I was in a Costco parking lot and I was showing, I think I was showing my brother.
And yeah, like basically it's not perfect and, you know, it'll improve over time.
But it's just unfortunate when it's in a public setting and, you know, people could be disappointed by the performance.
setting and you know people could be disappointed by the performance
all right i found this video saw you're just uh posted it as well
let me uh see if i can get it pinned up here in just a second
i'm excited to see it there's a video
yeah it's just like somebody's on a street corner here uh let me get i'll get it pinned
up top that way everybody can wow does it look like a tesla that's driving by on a road
it looks like any of you that are up here on this panel just took a left hand turn in Austin somewhere.
Well, it's a little cooler than that.
It's got like that scribbled, expressive, robo taxi graphics on it.
And it's a it's a new Model Y and it's going through.
Actually, it looks like a really busy intersection.
There's like on the corner corner there's like a like a
tent get up and a bunch of people i don't know what's going on there but it was navigating
through a turn with uh yeah some pedestrians in the crosswalk and i i love the the robo taxi
graphic that looks good i just i got a pin up top i got saw your post do you see that
well that's cool breaking news to happen in the space we're talking about when it's going to
happen whether the 12th is the actual date or not apparently the 10th is the date they didn't do it
on 6 9 or at least we didn't catch a video of it but they did do it on 6.10 and uh
yeah super cool to see so is the car behind driverless as well it's a white tesla but i
couldn't quite tell if there's a driver in that one i'll bet you it's a follow car i bet you it's
a follow car yes it doesn't have a draft well that's what i assumed but once it doesn't have a draft version. Well, that's what I assumed, but once it doesn't have a driver,
then there's two.
It's worth looking.
I can't quite tell in the window, or through the window.
It's a little too tinted for me to tell if there's a driver in the second one.
I couldn't tell if there was a rider in the back seat of the robotaxi.
Could you guys tell?
With those tinted windows in the back, I can't tell either.
But there's definitely no one in the front seat, either passenger or driver.
Yeah, the graphic looks sick.
The Waymos have now been recently getting a new getup and they like
the i think people are either advertising or there's like some new graphics on the side of
all the waymos here in the greater phoenix area um it's kind of interesting i mean you know i think
the look is a little off-putting at first, but eventually people get used to it and they kind of just chalk it off to it being a self-driving vehicle.
But obviously these look just like the vehicles that all of us drive every day.
So it'll be great when we are all able to jump in these and they're low cost and super safe and reliable it's going to
be a great future yeah ryan you know that computers used to be really ugly too the first
home personal computers michael dell was another capital captain of industry that you talked about
you know but so we've got these beige boxes and Apple came in with colors and plastics and design.
And that's the difference between Waymo and Tesla, in my mind, is you can get in the freak mobile and it's funny and it does its job.
Or you can get in the one that looks like the future.
And, you know, the future, I'm told, should look like the future.
I'm told should look like the future.
Another one of those innovators is Jeff Bezos.
Like basically before we had physical retail
and then he completely just transformed the industry.
Basically, I mean, single-handedly almost, you know?
It's like transforming all the physical
retail to e-commerce is a tidal wave shift that persists to this day. Walmart only got into the
space in a real meaningful way, I think three years ago, maybe four years ago. So it had, you know, 15 to 20 years of, of time to play out. And now the next,
the next shift is not only autonomy, but it's also renewable energy. Like this, I mean,
the whole world is, is transforming and there's plenty of, of years to, for that to play out.
plenty of years for that to play out. What's up, Sawyer? We're reacting in real time to that video
that you just posted. Yeah, I just noticed you have it pinned up. Exciting. I mean, it's hard
to overstate how big this moment is. I mean, we've really been waiting, what, seven, eight years for
this. And this is literally the first time all of us have seen on public roads
a tesla robo taxi with nobody in the driver's seat i mean it's it's pretty wild to finally see this
what what details have you taken away we were noticing that nobody in the uh either of the
front seats uh obviously couldn't really see into the back. Do you know which area this is in?
I was trying to look up.
It looks like James Street.
No, I don't know specifically what area.
Obviously, there's no one in the driver's seat.
There's someone in the passenger seat, as we expected.
They have just as a precaution.
And then they likely have an engineering chase car right behind it as a secondary precaution.
But, you know, there were humans or pedestrians walking across the street or in front of it, it stopped and it handled it really well.
So hopefully we, I doubt rides will start, but for the public in a couple of days, you know, Bloomberg had that June 12th date.
I, I doubt that happens.
Um, but nonetheless, it's awesome to see this video.
So why do you doubt that the 12th happens?
Is there any reason uh
how much do i want to share i mean i i think some people are supposed to get early access to it and
they haven't been notified so and to do that you would you know you need time to fly down there
book flights and all that so you know they still could it maybe, but my guess is it'll be a little bit longer.
I still think it'll be June though.
Yeah, we were speculating on the same thing, Sawyer,
that there's some type of watch car there behind it.
But just earlier in the space, we were saying it's incredible that nobody has got a picture of a grainy Bigfoot in the wild with one of these driverless.
Well, that's what I was saying.
Do we think this is the first day?
Yeah, that's what I was saying a few weeks ago.
I was like, these things have been going around for a little while now.
And not a single person has captured a video or photo of it which tells me that these things blend in so well
they look like just any other car except there's just no driver in the seat and now there's that
little robo taxi word mark on the side to sort of indicate it's a robo taxi but other than that it's
just a normal model why so people just it just goes by them they probably don't even notice
So, people just, it just goes by them and they probably don't even notice.
Yeah, it would be very inconspicuous if you think about it, especially if the front windows were tinted at all, which, you know, Texas law, they're a little bit loose on that in general.
I know not everybody obeys them, but, you know, I could easily, if it wasn't for the graphic, and I wonder if that's what ultimately gave this away.
There's a possibility that they've been circulating for, what, weeks?
Yeah, don't leave your Tesla unlocked in Austin this summer.
Instead, you'll just get in it.
You'll have some hop-ons occasionally.
So, Sawyer, to ask a follow-up question on that, I guess that's kind of what we're waiting for at this point.
We were going over a little bit earlier what we don't know more than what we do know.
And what we do know is supposedly in June.
We do know they're currently circulating, which we just got confirmation of that with this video.
But we don't have like a set date.
I guess the other thing would be high- people is what I will call them should get some, you know, some type of testing
invitation, right? Is that kind of the expectation? Is that the next thing we're looking for?
Yeah, I mean, I certainly don't expect this to just be open to the public. Like one day,
everyone can just go down there and, you know, book it i there's only going to be 10 or 12 or however many robotaxis that that's not enough to just be able
to open it up to the public you also don't want like certain reporters to be able to get access
to these things super early because you know they're just looking for any negative side of
this right um so they're going to be super cautious who they let in my would be my guess. I think it'll be early access and then it'll slowly,
slowly expand from there over the coming weeks and months.
And I should say like,
this isn't like a Waymo situation or a Wavy situation.
That's an AI company in the UK or,
you know,
a Zooks like
tesla there's a bigger spotlight on tesla than any other self-driving robo taxi company right
and so if any little thing goes wrong even the slightest little thing everyone's going to blow
it out of proportion just like they did last week with the elon and trump feud and it'll probably
hurt the stock price it'll you know maybe rattle shareholder sentiment. You
never know what can happen. And certainly journalists, they love anything that happens
negatively because that means clicks for them. That means stories for them. And so Tesla wants
to be extra cautious, which is why I think they have someone in the passenger seat as well as
the chase car. And I think that's also why they're only going to do early access for specific
individuals because, you know, they don't want this going to anybody. So, yeah, they want to
be careful. Do you think that it's a, do you think there's a coincidence that yesterday we got the,
the online information that yes, Tesla is testing in Austin officially,
and then today we get this clip as I'm speculating as if they said,
okay, well, the cat's out of the bag a little more, so let them take a picture,
or is that just conjecture?
Yeah, I think that's just a coincidence, honestly.
I think that does tell us, though,
that they're listed as a known AV operator. That tells me that they're very close to launching
these rides to the early access individuals. So hopefully that's later this week or next week at
some point. I can see the media already writing an article saying there's an accident at the same intersection or there's a Tesla robotaxi at the same intersection as a massive vehicle crash.
and then a passenger got hit and sort of dragged.
And then eventually that just resulted in them
just shutting down the whole program
because they realized their technology wasn't as good
as I think Waymo's and maybe Tesla's.
And so it was all over the news though,
but not as much as what, if a bad thing happened
with the Tesla's robot taxis, it would be.
So again, like Tesla just has to be so careful with this.
All eyes are on them and they don't want anything
to go wrong because
shit people will blow it out of proportion
and i think it's i think that's inevitable the the hit pieces we know they're going to come we know that the the stock will have volatile moments throughout this but i i do think the approach and
we got a few minutes uh here till the top of the hour i think the approach, and we got a few minutes here till the top of the hour. I think the approach is correct.
Just using my business mind as well as the long-term vision here.
I know a lot of people want to just see this launch and blow up, and that would be fantastic.
But I think the approach of using a small area, using Chase cars, and really gathering all the data.
using chase cars and really gathering all the data.
I have a feeling this is going to be similar to, you know,
like when Apple came out with a brand new operating system a few years ago
and they even had, I think the phones were overheating
and they had to put an update out and get that corrected quickly.
And anytime something new like this launches,
I think there's going to be tons of updates that they have to push out
as they gather this real-time data.
Yeah, and with this
you're putting people's you know lives at risk sort of and you don't want anything to go wrong
so it's not like some phone software bug that it's just like it's an inconvenience for people
this is literally like you have to watch out for people's safety so it's a bit different the stakes
are much bigger much bigger yeah so greed on all fronts there it is interesting seeing this
uh this video i have it on one of my monitors i clicked on it blew it up real big to try to see
where it was at and it just keeps circulating through and i keep watching it in amazement
the fluidity at which it slowed down for the people in the crosswalk and then continued on
is just amazing to me i think it's underappreciated The principal engineer or the lead engineer for the RoboTax,
he just replied to my post and he said, it's go time.
So they're getting close.
Let's go.
It's go time.
And that brings us right to the top of the hour.
Sawyer, appreciate you jumping in, sharing that information with us.
Appreciate the whole Tesla crew up here.
What an exciting day.
This space, I tell you what,
if the
stock price doesn't just start going up during the space we get massive news instead we'll take that
penny any uh last comments from you before i close this down here i was just going to ask you if the
if the price went up or down during the space today did we keep our street gone it went down
but i think we got a better reward i don't know i will let you call that but i i my opinion
would be we got better news than a stock price going up yeah yeah it was fun having that little
suite going but holy crap i think i've watched that robo taxi video at least 100 times already
and i'll probably watch it 100 more times today yeah i'm loading up sawyer with views on this
video right now um no that's uh that's great penny I appreciate you co-hosting. Gab was at a conference today,
so he couldn't make it. Always love the Tesla crew on here. And I tell you what, we didn't get
the higher price today, but I think we got even better news. So exciting. RoboTaxi is on the road.
It's been spotted. What a day for Tesla shareholders, for the whole Tesla crew.
Thanks, everyone. I'm going to close this out, and we'll see you guys next Tuesday.
We'll see what happens then.
If you're missing out on whatever comes out during this Tuesday at noon Tesla show we do each and every week with a great crew of people,
set your reminders.
I send out the links every Sunday.
You can go ahead and set the reminder then so you don't miss it,
as well as see the full schedule of our spaces right on the pin post on
Wolf Financial. Big shout out to the crew once again. RoboTaxi is here. We are watching it.
I've watched it a thousand times. Me and Penny are going to watch it for the next hour straight.
That's my thought here. Landon, Ryan, appreciate you guys. Kim, saw your stopping by. Omar was in
here a little bit earlier as well. Shout out to all of you, and we will see you guys on the next space.
I'm headed over to talk some earnings over on Wolf Trading.
All right, everyone. Take care. Thank you.
