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Tesla Deep Dive
Recorded: March 10, 2026 Duration: 1:02:48Space Recording
Full Transcription
Thank you. Thank you. Hey, everyone.
Happy Tesla Tuesday. Hopefully you can hear me loud and clear and everything
is going great on your side. It's always a happy time to be back here and hang out with
you wonderful people and speak about the amazing things that's happening in the world of Tesla.
I mean, there's never a dull moment in any of this stuff and it's just really exciting
and educational and entertaining,
whatever you want to say about this, just hearing about all the amazing things that's happening.
Of course, there's the financial side, there's the tech side, and then there's so many other
things related to it. But I just want to say, how you doing, Landon? How's everything on your side?
And oh, before I do that, I just want to say, those of you that are in the room,
I really would appreciate it if you drop a comment, say hi to us, whatever it is that you need to do.
Of course, just pings the algorithm, helps to get this out.
If there's any friends you know that are interested in Tesla, invite them into this, retweet it, whatever you want to do.
And Landon, how are you doing?
I am great.
Taj, thanks so much.
Appreciate you hosting today.
And I'm just always excited to talk about Tesla.
It just seems like Tesla, Elon, SpaceX, boring company, Neuralink.
Wow, everything.
The Tesla Supercharger network.
It's just all over my feed.
And I'm so happy to see the excitement.
What are you up to so far this week? How's everything going, and what are you excited about so far?
Yeah, actually, I am really just looking into—I went down the rabbit hole of battery technology, of course. A little side note is one of their largest battery suppliers, which is CATL, reported and had a crazy quarter.
And as a result of that, I started researching a whole bunch of batteries.
And it sent me down that rabbit hole, understanding lithium batteries and just watching all of that stuff.
So I kind of been nerding out on batteries right now.
And just a little background as to what's going in that regard. I'll just say since since we're
already talking about it. So CATL, the world's largest lithium battery maker, they're a large
supplier of Tesla, of course, and they had a massive quarter wall street was just
estimating that they're gonna have like 2.8 billion dollars of uh uh earnings uh oh is there
a hot mic let me see who uh oh there we go i'm open uh oh got you i heard like a scratch or
something i thought it was my my second phone that i have over here because sometimes when it's in
the room as like an echo but uh yeah they they were estimating a $2.8 billion quarter, but then they ended up having 3.3 as a result of that.
It was kind of a frenzy for that stock. And as a result, secondarily, people kind of looked around
and said, well, they're Tesla's largest battery supplier and so forth. And there's a trickle
effect. And as a result, investors kind of flocked over to Tesla stocks. So it's been up 1% for the day and what
have you. So it's kind of interesting going down that rabbit hole with battery technology led me
into finances and looking at all this stuff and seeing how it all works. But truthfully, I was
just trying to understand how these lithium ion batteries were produced and all that stuff. And it, of course, led back to the finance.
So, yeah, that's what I've been nerding out on.
Yeah.
How about you?
Also, I see Smokey up there.
I'll pass it over to you really quick to see how you're doing and what is on your radar.
It's always great to have you, my friend.
And, you know, anything that's on your radar, anything jump out to you that's really interesting with either this battery thing or anything else.
Hey, good morning, Todd. What's up, man? So, yeah, I'm just actually heading to the happiest place on Earth.
I just left to work a little early, heading over to Jacksonville's Tesla showroom right now.
Going to go meet up with their management just to see what's going on, what's new, what's popping, you know, everything else.
But other than that, yeah, I just got off a's new, what's popping, you know, everything else.
But other than that, yeah, I just got off a little early, jumped into space and just listening in for now.
Batteries ain't my forte, but some others in the space definitely got that locked.
Truthfully, it's not really my forte either, but I started nerding out on it because, you know, once you see something like that on your feed, you click one thing that opens up another thing before you know it.
Fifty clicks later, an hour later, you're you think you're an expert.
You can go on a space and talk about it now.
I want to follow your lead on the batteries.
I love batteries and I'm no expert either. But listen, I've got my mentor.
He's in he's inbellion Air group with me.
No affiliation, no finance, but a really cool, smart dude.
And just like you and just like me, Taj, Jordan Giesegi with the Limiting Factor account.
Man, he started out just like us and with this intense desire to understand how these batteries work and why should we even care about these batteries?
And you're right.
Tesla does work with everybody.
Tesla wants to be the 31 flavors of batteries is what Elon said. If it's out there, if there's tech in the works, if there's future stuff,
if there's current adaptations to battery technology, Elon wants us to know.
Elon reminds us that Tesla is on it.
Nobody's working on battery technology that Tesla doesn't know about.
And recently BYD came up, another huge battery
supplier manufacturer, automotive, China, you know, legacy and moving into EVs. BYD. BYD has made some
news with these really fast numbers, these charging, this, you know, you can do this in this
amount of time. And I don't always know what they're talking about.
I just go plug in my Cybertruck and go to the bathroom and then get back in and go.
That's charging for me on the road.
But BYD is a partner with Tesla. And so if there's some tech out there and they have built blade batteries that Tesla uses, then I have no doubt that Tesla will have an opportunity.
But I think some of these are a little bit of marketing to where they're not selling
a lot of these cars that charge so fast.
There's not a lot of stations, but it is exciting for the future.
And I'm just glad Tesla's got its fingers in every battery pot around the globe.
So I'm glad you watched that stuff.
It is, it draws you in.
It's like, wow, how do they do all this stuff?
100%.
It's like, it really is something you can nerd out on
if you go down that rabbit hole.
Even LG, the, well, I guess not really so much
of a phone company anymore,
but they have all sorts of electronics.
They're also in the space. And i was reading how they were actually getting ready to launch this like lithium iron phosphate battery which is like again all this chemistry that's all
the stuff is in it it's like over my head but i do find it really funny or interesting i would say
that this company which was known as a cell phone company for a
while, at least in the US and the West, is in the background making all of these batteries for
various EVs. And they have a partnership here with Tesla, which I find really interesting,
really, I think just another thing just kind of worth looking into, because there's a lot of
companies. So like those people that are investors, of course, they might have their Tesla stock and so forth.
But there's also a lot of suppliers and secondary companies that are also benefiting off of Tesla's,
I guess you'd say, success, which I think is just really interesting because obviously,
I don't think anyone in this room right now has an LG phone. They kind of exited that area.
Some people might have a refrigerator or something by LG,
but they have batteries that are in all sorts of different things.
So LG is still around, and I find that kind of interesting,
not necessarily consumer-facing with a lot of things,
but you could be behind the scenes also working with Tesla
and also benefiting from it.
So that's something kind of worth looking into.
Yeah, what you're reading about, what you're telling us about is just based on we need batteries. Oh my, the world needs batteries more, more, and more, more batteries, more batteries.
And even when you think that that's enough, we need more because we need to stabilize energy.
Remember, batteries are the gas tank.
Batteries are not the engine.
We can make energy in this world, can't we?
I mean, we've been doing it for years.
We've used coal, we've burned peat,
we've got fuel oil, we've got everything.
We've got all of these sources. We can use natural gas. Of course, there's turbines, wind turbines all over North Texas. Wow, have you driven through there? That's a generating power with coal and natural gas and solar, even wind and the other things, the most important thing is not necessarily the source.
It's what do you do with it?
And these energy, you know, these energy plants
that are pumping out electricity to our houses,
they got to have energy.
And so they've got these plants,
but they're inefficient, Taj.
They're inefficient.
They're designed to run at 100%.
And they're set up to be for the biggest peak loads in the summer and the air conditioners.
But the rest of the time, we don't use energy that way.
We use energy when we get home, right?
We got to wash the clothes and make the food.
And we don't use energy in the middle of the day when we're at work.
That's kind of how the world works. And so what do we need? We don't need necessarily a lot more
power produced. We need to save it and use it. And we use these power packs, these mega packs,
these mega blocks from Tesla and others that are batteries. They're computerized battery storage.
So you put a bunch of these out in the desert
and all of a sudden your power is stabilized
and you can produce 50% more power in the world
just because you're running the plants
the way they need to be.
And when the people don't need the energy,
you put it in the power packs and the batteries. And that's why Tesla, TSLA, your stock you're invested in is growing their
energy business by leaps and bounds. It's easily, easily the largest move for Tesla in the last year.
Look into that Tesla energy and see how they're using batteries, Taj.
But that's what batteries do.
They stabilize our grids no matter what the energy source.
I'm excited for Tesla and batteries.
Speaking on that, actually, you got Panasonic also with a giant factory.
So Elon has been bringing the manufacturing back to the States, working on that. So it's a beautiful thing. It's a win-win
Yeah, definitely it is really interesting
What's going on in that with all the partnerships and everything going on in the background? I find that to be quite interesting to be honest and
You just never know like where all these different things are
going to go as far as the batteries and building out different things. And when I was looking into
the energy and actually seeing all these different ways of the production, how they're being measured
and so on, and even with the semi-trucks rolling out, how efficient they are with these batteries,
I find it very, very interesting because that was always one of my,
I guess you would say, areas that I was a little concerned about. I was wondering how the power efficiency of a semi-truck is going to be. And I saw a report recently that, let me see if I pull
up the name of this company. It is this trucking company. I'm not seeing it right now, but they actually have tested and was 4,700 miles of Moan Transport.
That was the name of the company, Moan Transport, 4,700 miles of the semis.
And they were really blown away by how efficient the batteries are and so forth.
They're getting like 1.64 kilowatt hours per mile.
And that was something that just,
I guess you would say with the load that they're carrying,
that was something that was an area of concern.
But as they're out in the field
and they're testing these and more semis are going out,
it's actually seemingly getting much, much better.
So we should see how that goes.
Yeah, let's recap the Tesla semi situation.
We're talking 18 wheelers, right?
Tesla Semi tractor trailers in Europe, they call them semis.
You know, we can't ever, you know, pronounce words the same around the world, right?
Aren't we all just humans?
Why do we have to say everything differently?
Semis or semis, they're 18 wheelers to me, right?
That's what I grew up with.
Stephen King's motion picture.
Did you see that?
No, nobody saw that.
Maximum Overdrive.
Man, that was an amazing ACDC soundtrack and 18 wheelers coming alive, terrorizing the US.
Well, okay, here we are 40 years later, and we've got Tesla building semi tractor trailers in Nevada.
So they've put up an entire manufacturing facility
with an assembly line,
and Ashley Vance and other reporters
just got a chance to tour it this weekend.
As they finish up construction on this facility,
they are gonna start cranking these out. So for about two years,
we've had pre-production Tesla semis. And that's what you're seeing out in the world. You got
more transport, you got Pepsi, Frito Lay, you've got all over, you got Walmart. I mean,
if you can think of it, you got Budweiser, Anheuser-Busch. Why are they looking into this?
Budweiser, Anheuser-Busch, why are they looking into this?
I mean, what are these guys doing at their jobs?
You know, these blue collar, white collar jobs,
they go in, they sit at their desk.
Why are they looking into Tesla Semi?
Well, it's not because they're tree huggers.
Let me tell you something.
It's because they're working hard in America.
These are Americans working on jobs in America
to feed their families and to build products
and to create products that we want.
And they wanna get them to us, right?
And the whole world's transportation
comes down to about three things,
boats and trains and tractor trailers, right?
You know, these 18 wheel, you're on the road with them.
These big, you wonder who's behind the wheel of that thing.
And you see them, they're hauling mail,
they're hauling Amazon packages,
they're hauling Walmart stuff, they're hauling food.
They're all over the place and they do it.
And here's what two thirds of the expenses are in the trucking business.
Labor, which is your people and drivers, and maintenance.
You got to put a guy in the truck.
You got to put women in the truck.
And you got to maintain the trucks.
You got to put fuel and oil in there.
You got to do brake pads.
You know the drill, but it is a lot.
We're not talking about your 1995 Honda Civic here, Taj, right?
You got to maintain these things.
You got to put these massive brake pads on.
Oh man, that's why it's so expensive.
So you got this guy in his office and he says,
Tesla Semi, why should I do this?
And it's because what you're talking about, it's money.
When you look at the cost advantage of the Tesla Semi battery electric 500 mile range towing 82,000
pounds in an 18 wheeler, it's all about the money. It's not about virtue signaling
that you're driving electric.
You know, it's not about Elon.
It's not about politics.
It's about money.
And if you are in the business
of moving goods in this country
and pretty soon in Europe
and the rest of the world,
you're paying attention to Tesla Semi
because it might do this. It might drive down the
road and deliver your packages for more than half off of your current costs. Some people are saying
75% cheaper, but let's just go with half off. So if you've got the best semi-trucks in the world right now, and you've got a company that
says, hey, we could do that job for 50% off, you're buying those. And that's why we're seeing
these big orders. That's why we're seeing this factory spooling up, and it's just about to begin
and ramp up real production. And so I'm excited to watch that. And you're the batteries you're talking
about. They're going into these trucks and Tesla has the technology. Tesla's building the charging
stations, but mostly these things are going back and forth from Pepsi to Pepsi. And they've got
their own charging in-house. They've got them in the factory. So they pull up and unload. And while
they're unloading, they charge and they go again. Pepsi told Tesla that they've got multiple, multiple 1,100 mile days where they
go 500 miles charge, go 500 miles charge and go a little more. You know, it's hard to stop me talking about this, but you know what?
75% of our pollution comes from semis in our automotive world in the US.
So we can replace our gas cars with electric and it's great,
but replace a semi
and it's like taking three other diesel semis off the road.
Man, somebody stop me.
I love this business. They're doing it in. Man, somebody stop me. I love this business.
They're doing it in Nevada, and it's American business.
I love it.
To add on to that, imagine what it's going to do to everything else in the economy when it costs less to move everything.
This is a part of that abundance scheme that I see popping off very soon in our near future.
that abundance scheme that I see popping off very soon in our near future.
But not to mention, there's a little thing called oil, which is having a rough time right now. So,
you know, it's really interesting as we go forward. And like the production side of things,
I mean, yes, there's the fuel, but like oil is literally in everything. So the demand
for oil, it's not going down,
more vehicles are popping up everywhere. And then of course, more consumer goods,
even pharmaceuticals, believe it or not, you'd be shocked to know how much of the pharmaceutical
industry to make medicines depends on oil. So it's just all of these different things. So like
when we start to look at the different things, the efficiencies and how it trickles out to the economy and so forth, that EVs and lessening the load on the demand for oil
does trickle out to consumer pockets, even those that are not driving EVs, or even those that are
not driving at all. You could be taking a bicycle or public transportation in the city, but the cost
of your goods goes up with transportation and fuel itself, because let's say even if you are not looking at anything that needs to be transported, if you're buying plastics, if you're buying medicines, if you're buying on to like a whole bunch of other things. But one thing that I will say is what blew my mind away comparing a mile on that semi fully
loaded. It's like the equivalent of running the average refrigerator in the house for like a day.
So, you know, you're carrying tons and tons and tons of materials that would be used for whatever business, you know, and the actual cost of that
per mile is running an average household refrigerator. So when you spread that cost
out over those goods, it's really, really minimal. So that's one way that will impact our pockets in
a positive way. But yeah, in other areas that I would say, you know, bring up some points about Tesla and what they're doing also is a cyber cab was spotted in D.C.
So that's another city that there's possible expansion to that.
I saw that timeline on, sorry, I actually put that out, actually a photo of cyber cab there in D.C.
So that's interesting.
There is possible expansion around the corner,
of course, still in test phase,
but really excited to see where that goes.
You know, it's just absolutely,
it's just really wonderful to see
all of the different points
that are going to get us to amazing and abundance.
And this is one of them.
And if you stick with me for just a minute and drill down,
your point about getting things
from manufacturers to consumers,
how do you get the coffee that you're drinking right now?
Well, it comes to you on a truck.
And if you can reduce the price of the trucking itself,
it makes your products cheaper.
And this is how we get amazing abundance.
And one of the spokes on that wheel is driving down energy costs.
And so driving down energy costs to nearly zero is the ultimate goal.
And this is a huge step in that process.
Because when you're burning diesel to
get across the country, and you can't produce enough diesel, you know, in this country at your
refineries with the DEF and the low sulfur and all of the emissions requirements, making that
more and more expensive. Diesel used to be cheap. Remember that?
Remember when you'd see the sign
and diesel was half the price of unleaded or regular?
Not now, nope.
They got all of these emissions regulations on there.
You gotta use all this stuff.
It is a mechanical nightmare
if you look at a diesel engine these days.
They used to be the simplest engine. No spark plugs, just smash it, bang and go. That's diesel. Not anymore. So it's expensive. And if we can drive down those costs, it makes everything cheaper for everyone. And that's a step to our amazing abundance. I mean, I think it's really impressive. It's not just random. It's not just
how can we sell something else and make money? It's not just like, hey, what is this? Who wants
a three-row passenger vehicle? This is moving the mark. And you just talked about CyberCab,
and it is. It's going to be in every city. It's exciting to see it testing in these cities.
People are surprised. Why are they
surprised? This is what Tesla does. They make vehicles and before they come out, they test
them in Alaska. Did you see the semi up there? The pictures, man, that thing looked badass.
Up there in Alaska, ripping around, doing some donuts, testing in 40 below Fahrenheit.
That's what Tesla does.
And that's why they're doing that with Cybertruck.
Buffalo, New York, Chicago, New York, Manhattan.
Sure, they're testing this stuff out.
I love it.
And we love Waymo.
Waymo's doing a great job.
They've got some stumbles, don't they?
We see all these kind of cringe-worthy things
that Waymo's doing. But hey, they're getting the regulations ironed out in front of Tesla, and that's a good thing.
So I love to see that. Autonomy is here.
You know, Taj, autonomy is here for me when I get in the Cybertruck.
I'm about to go on a road trip, getting all ready for my first festival of the year.
I'm going to go out and see Smokey.
Smokey's in Florida.
You want to tell us, Smokey, what's on your calendar?
What are you excited about in Florida right now for Tesla?
What's up?
What's going on?
Dude, there is so much going on in Florida right now.
With Tesla and everything in the Musk Industries right now.
We've got Starship coming up probably within the next
year which is going to be amazing down at kennedy then we've got uh we just actually had a nice
little uh sync up with uh disney fireworks actually i just posted about that last night
if you're interested in uh light shows then we've also got chat charge coming up which is where i'm
going to go meet my friend landon it's going to to be lit, and there's so much going on.
It's constantly moving.
The gears are grinding, and I love it.
Man, that Starship Florida.
Did you hear that?
I thought Starship was all about Texas.
Starbase Texas is Starship.
They've got two towers in Texas.
But Smokey's right.
They're building three more in Cape Canaveral at the famous 39A, the launch pad that has
launched space shuttles, that has launched more and more Falcon rockets.
We're moving into the space coast for the next stage so they can start launching these.
If we're going to launch three a day, man, we got to have multiple locations.
I love that.
Taj, I know that SpaceX, it's not exactly Tesla, but it's like our sister that we love dearly
that is just absolutely breaking the bonds of technology and is a huge part of Tesla's future.
SpaceX now owns XAI. And since Tesla has some XAI stock on the books, $2 billion when it happens,
that means that we own some SpaceX and maybe more in the future with some of these mergers.
But we'll leave that to the finance bros, right?
But man, so much going on.
I can't wait to get on the road and check out some of these new Tesla superchargers.
I can't go anywhere on a trip without them setting up a new one somewhere.
That's pretty incredible. But Taj, the Tesla world is just absolutely exploding with information,
with Starship, with superchargers, with batteries.
If you're into tech, you got to be looking at TSLA.
Because if it's not like about eight startups,
eight beautiful billion-dollar startups in one stock. I don't know what
it is. It's your one stop shop for tech. And it is volatile, isn't it? Look at the stock going up,
down all over the place. Watch for discounts. Buy Tesla stock when it's on sale. Are we 25,
20 percent, 15 percent off of the high? Guess where we're going next? I'm not sure if it's on sale. Are we 25, 20 percent, 15 percent off of the high? Guess where we're going next?
I'm not sure if it's higher or lower, but it's going to be higher in the long run.
And so that's what I'm excited about, buying opportunities for TSLA based on all these
talking points, because the other companies that I invest in occasionally don't have these talk. What are you going to invest in?
Apple?
Is it is Apple in an intense growth growth cycle?
I don't think so.
Tesla is.
Yeah, absolutely.
It's speaking of the volatility of Tesla.
Just the 52 week range has been between $214.25 and $498.83. So that is a
very wide swing. And of course, a lot of this has to do with when different things happen in the
government, different policies, of course, when Elon's in the headlines a little bit more,
and various expirations of the EV credit and so forth.
So like all those things kind of helped to swing it.
But right now, like you said, it's doing fairly well.
It's up at 402.87 right now at the point of currently recording this and up 1.03% as of today.
With, again, yesterday was when that battery company CATL reported.
That's a Chinese company that was their major supplier.
In case those of you that are just tuning into the front, missed the beginning of this.
We were speaking about after the battery company reported, blew away Wall Street's estimates and so forth.
And as a result of it, when Tesla opened this morning, it went up about 1% and is holding that right now.
So it's over 400, 402.88 at the current time of speaking about this.
So that's really where it is going.
A lot of momentum.
And like you said, it's each of these companies divisions within Tesla.
And we didn't even touch Optimus, but each of them could spin off to be multiple like billion dollar companies and so on.
But to have it all under one roof, working the synergies, of course, the brainpower of Elon.
But then the team that's behind it.
There's lots of things happening in all sorts of areas where you can have the expertise,
the knowledge of the battery and electrical power, the knowledge of the vehicle, the knowledge of
the AI and all of these things connecting to make themselves more efficient. And of course,
have a better experience because
it's really not just an automobile company like even when you just narrow it down to the Tesla
side not SpaceX everything else it's not just an automobile company there's AI and so many other
parts and like every day well I would say every day but so regularly they're shipping updates
with their software and all these things I honestly I get more notifications and information coming about about Tesla software
being updated than all the apps on my phone. It's pretty wild to think that that is how this is
coming and this is where we are at the moment. But yeah, no, also just another major milestone
coming up for Tesla, believe it or not, at the end of this month, it'll be 10 years since the
Model 3. Can you believe that? I remember when all of the hype was coming out about that.
And when I saw that, I was like, I cannot believe it has been 10 years yet.
Or already, I should say, by the end of this month.
Like, it seems like it was just yesterday.
You know, you're right about that.
You know, we can think about where we were.
I don't know if anybody knows this for the Model 3.
This is not like a major incident. But the 10 years, you're right for Tesla because
this was production hell. In 2016, the announcement of these cars, we see Elon on stage.
I don't know about you guys, but that's when I put in my $1,000 non-refundable deposit.
None of this $100 refundable, $250 refundable,
a thousand bucks.
And this was Tesla's move from luxury cars.
They made the best vehicle in the world in the Model S,
according to Motor Trend magazine
in 2012. And so flash forward 2016 and Elon says, we're going to bring the market down.
These are not 140, 100,000, $80,000 vehicles. We're going to bring a $35,000 mass market vehicle to the world.
And they did it.
And it was difficult.
This stuff is not easy.
So when we look at the future goals of the new batteries
and the Starship launches and the data centers in space
and Optimus humanoid robots
and building a terafab to build our own chips.
These things happen.
You know, it's like, get back to JFK, right?
Not because it's easy, but because it's hard.
Because somebody has to handle the hardest tasks, right?
It's not just us all sitting back, drinking our coffee, hoping things, hoping the future
will be better. This is
people around the world. And in my heart, it's Americans building American products. And they're
doing it with the innovation of Elon's engineers and Elon's engineering prowess. And that's how you
make things happen is you work really hard and you work all the hours
and you sleep under your desk.
So when Elon is sleeping in the factory in 2017,
you've seen the photos
when he's on 60 minutes
and a tear comes to his eye
and she says,
how do you make this happen when others can't?
He says, it's hard.
And people say, oh, poor Elon, the richest man in the world.
It's so hard.
Well, nobody else is making an automotive company in the last hundred years
other than Ford Motor Company that hasn't gone bankrupt.
And then we see Elon with a piece of ripped cardboard
and a Marks-asalot marker written on there
and it says bankrupt.
Oh, he didn't even spell it right.
He's so sad, he's crying.
It says bankrupt.
It's bankrupt.
Tesla's going bankrupt.
That's what all the bears say.
And he beat the odds.
Tesla should have gone bankrupt.
If you're an investor,
if you're on Wall Street in 2016, 2017,
you're probably foolish, foolish by the standards of what Tesla is doing at the time
to think that they can make it. Most people bet against Tesla. And Elon and the Tesla team
built that product. They built that Model 3 with industrial robots and people,
with American workers in Fremont factory
that has built Toyotas and Chevys for 40 years.
And Elon built this mass market Model 3 car
and they eventually got a $35,000 variant
that we can all buy.
And that's what my son's driving right now, Taj.
10 years later, they've driven the price down
of those so much to where he's got
a 200 and something dollar lease on a Tesla.
I call that a success.
That's where I was 10 years ago,
watching the presentation, watching Elon,
and shooting my $1,000 to Tesla.
So years later in 2018,
I could take delivery of that Model 3.
What a success story, an American success story,
doing what other people can't do.
They said, okay, American automakers, global automakers,
VW, Chinese manufacturers in 2016, everybody can do this. So let's go. Let's get everybody
building these EVs. 10 years later, they've shown how hard it is. They've gotten out of the business. The biggest manufacturers of cars in the world have
lost over $50 billion with a B, writing off, admitting to the world, we can't do it like
Tesla can. We don't know. We don't have the engineering. We don't have the technical ability.
That is the judgment. That is the reality in the world. And they're all having to
retool and start from scratch and learn the $50 billion loss lesson that they're not as good as
Tesla. So if you want a vehicle today, get Tesla engineering. But you're right. That's where we
were 10 years ago. That's where I was. And that's intense. That's a memory for me about something that has made my life better.
I love it, Taj.
That's amazing data point.
10 years.
Wow.
Time flies.
Yeah, it definitely does.
And that just shows, yeah, time really does fly.
Another milestone, or I guess you'd say something to watch or hear about, listen about, I should say,
is yesterday was actually a deadline for Tesla submitting FSD data to the NHTSA, the Highway Safety.
I forget the exact numbers for it or the acronym for it, but they were submitting the NHTSA was the deadline yesterday.
I didn't hear an update of that, but I think just as all this data is coming in with all the insurance companies and so forth,
that they will be blown away by how, I guess you would say, how safe it is in relation to that.
Because the more vehicles that are out there, the more people that opt into getting these things.
And I think on a previous episode, I shared that my brother who swore he was only going to use it for the test period, the 30 days once it was up, that he wasn't going to renew it.
And he is an extremely frugal, very disciplined financial person. This is the
type of guy that he has a savings budget. And he always keeps, after a battery accident at work,
he keeps a minimum of six months worth of all of his expenses in cash. That way, if anything
happens to him, he can pay all his expenses, his mortgage, et cetera, et cetera. Now, this guy said, nope, it's a waste of money. I'm not getting it. 30 days later, I called him.
I was like, so what was your verdict on it? He goes, I got it. So even the most frugal person
that I personally know, he's the type of guy that you'll call him up and say, hey,
would you like to go out to the restaurant?
And he'll say, no, it's not in my budget.
I can't afford to go out right now. He literally will not go out for the weekend because he doesn't want to tap into that six-month reserve that he has at all.
He's that disciplined.
And even he saw the value in the FSD.
And as much as he said he's only going past the 30 days and he's not going to subscribe,
he got into it. So I think that speaks more volumes than anything. You could give all these
anecdotal numbers and everything. The person that I know that is the most frugal saw the value in it
and he went that way. So, I mean, if that's those books in the eights, they start writing these books like The Millionaire Next Door.
And this is really amazing. They did studies on real life millionaires in America and some
European countries around the world. Then they asked them all these questions. And here's what
they found out in the book, The Millionaire Next Door. There's other books like this, The Wealthy Barber.
There's some really great books, great source material.
And they found out that we're being shown a reality.
Can you believe, you're not gonna believe this,
that they would show us a reality
that's not actually reality.
That when we see millionaires on TV and in movies, right?
What do we see?
We see music stars.
We see rap stars.
We see celebrities.
We see movie stars.
We see influencers.
We see athletes around the world.
And they're dripping with ice, baby, right?
Aren't they?
They got all the diamonds. they got all the they got all
the diamonds they got all the jewelry the furs i see furs are coming back man and they're driving
the big cars they're in limousines they're in hummers they're in suburban limousine they're wow
and but the book says that's not the case those are are the people that get the money, you know, from celebrity,
from fame, the reality star kind of money. But the real millionaires in the world at the time
these books were written were the people that are going to Costco and they're buying in bulk.
And there are people that are like your friend and they're saying, oh, I can't go out on
Friday. You know, I don't have the budget for it this week. I had to do some other stuff.
Well, that means that he's got a budget. And most of us in our teens, 20s, 30s, even 40s and 50s,
we don't have budgets. We don't have goals. We don't have any. Hey, look at yourself for a minute.
I'm not going to ask you to admit anything.
Do you have a budget?
How much money is your monthly budget based on?
Well, you got a friend that says, I can't go get a couple of drinks because he's got a budget.
And that's what the real millionaires look like.
And that's what they're doing when they buy a Tesla.
These are not people buying Teslas because they're celebrities and rap stars. We got those too. They love Tesla. But these are people that are doing it because
they're on a budget, because they know they don't want to buy gasoline anymore for 300 bucks a month,
because they know that the warranties on these batteries mean they don't have to worry about anything. Those are the millionaires next door.
Those are the people that know
about $99 chauffeured limousine rides
from Tesla self-driving.
You got it, Taj, man, that is the deal.
Those are the people with the money.
Those are the people when you're trying to retire
that are already retired,
that you're saying, hey, what did you do?
Did you invest in?
Yeah, I invested in Tesla,
but more importantly than that,
I set goals, I set limits, I set budgets,
and I spent my money on the safest car in the world
that's the cheapest to operate.
Taj, you know this stuff
in and out don't you you're that's a great example yeah 100 and uh Penny welcome to the stage uh
really uh happy to see you here we were just talking about my frugal brother who saw the
value of it and as much as he said he wasn't going past the trial period he still ended up getting it
because it was that good once you but we won't forget NHTSA that you're talking about but we'll
let well let's say hi to Penny and let's we'll talk about some NHTSA too I got good stories about
cheap millionaires as well in fact one of my best friends growing up his dad sold his company
for multiple billion dollars and this was in the his company for multiple billion dollars. And this was
in the nineties when multiple billion dollars was even more money. Right. And I got to grow up real
close to this guy and get a real inside look at what, what these people actually live like.
And you guys are absolutely right. They are not like a movie star, not like a rapper. They're not buying gold chains and whatever. Now, granted,
he had a million or I'm sorry, multiple billions of dollars. So you can imagine he did some nice
renovation to his house or whatever. But the man drove his BMW that he had before he started the
company. So he was already doing well before he started the company. He had a, a 740 BMW, which is a nice, nice BMW, right? But by the time he was a billionaire,
it was over 10 years old and he just kept driving it, kept driving it. He didn't need
a new car, right? There's, there comes a certain point where, uh, it's the actions that you take
that get you where you're going. it's not the money that gets you what
you want or whatever these people make the right decisions and they know what's a good buy and
what's not and paying attention to where your money goes is real important that's how they
get there in the first place so you do need to be wise with where you spend and frugal and
taj your brother good move right uh save up six months worth of your expenses so that you're never in
deep trouble. I love that. But when you try FSD, when you realize even just the extra brain cycles
that you have, because you don't have to pay attention to the road when you're driving,
you can be thinking about solving that problem that you're working on at work or at home and
your relationship or, you know, the problem that you have with your daughter or your problem that you're working on at work or at home and your relationship or,
you know, the problem that you have with your daughter or your son that you need to fix.
All of those things, your brain is free to focus on those instead of driving. And it means that
you get a lot more than 99 bucks a month worth of value out of it, especially if you're driving
often. I mean, I get in the car and drop off my kids at multiple locations every day.
And it's a drag usually because it means I'm totally occupied. And it's like, they're not
paying attention to me. They got their headphones in, they're getting ready to go to practice or
whatever. So it's just, I'm just a mechanical, you know, steering wheel and pedal operator.
And that's such a waste of my time. So at least I can
sit in the driver's seat, the car will drive now, and I can be thinking about solving other problems
or, you know, whatever it is. And I mean, it does. The numbers speak, right? 98% of my driving.
That's crazy. And it's not a number I'm making up. You can look in my dash and see the number of miles that I've driven and the number of
them that have been FSD and 98% of them are FSD since the latest version.
I mean, that's, that's wild.
I'm talking about thousands of miles to not just, you know, a week's worth of data or
something.
So it's really incredible.
I think it's the deal of the century. I think when it becomes fully
self-driving, when it's unsupervised, you know, you could probably 5X the price of it and it
would still be an incredible deal, right? Imagine being able to spend as many hours as you want
being chauffeured and just free to do whatever you like while it's happening.
If you work on a laptop or something,
you could be working and driving at the same time. In afternoon, you could pay off the $500 price tag of that.
So it's just really super that we get to witness
this technology coming to life.
And I agree with everything that you guys were saying
about the millionaires and how they got there.
But you mentioned NHTSA, which makes me think that there's some more good information about safety of the Teslas,
which is just another incredible reason but to drive them and invest in the company.
Why don't we get started on that?
Hey, Penny, real quick, before we get started on that, one of the wisest
sayings I've ever heard came from my grandfather, and it was simple. A fool and his money soon
parted. So I agree 100%, brother. Yeah, yesterday was the, by the way, that is a great saying, and I love it, and it has played out of that. Of course, it's just one day.
But the overwhelming amount of data as more of these vehicles roll out and so on, and as we're
seeing with insurance rates going down nationwide for FSD and all of these different things,
I expect nothing but favorable information and data coming out for there. Because
as far as like the reporting yesterday, it was centered around meeting key deadlines and submitting all this stuff about all the traffic, possible violations and crashes and all those different things.
And all of that data was submitted as of yesterday as far as I know.
I don't see anything other than saying that it was extended or anything.
So I think we're looking forward to some good news.
Let's talk about NHTSA for a minute.
Tesla's got a great relationship with NHTSA.
Like you said before, this is in the United States.
This is the National Highway Transportation Safety.
I got them all in the wrong order.
You know what it is.
Highway Safety.
I do the same thing.
Yeah, right?
It's fun to do.
And so, yeah, they've got meetings all the time.
They're giving data all the time.
NHTSA owns Teslas.
You know, it's that selective destruction method where they take a Tesla off the line
randomly or from a random, you know, purchase that's not got their name on it.
So they get a vehicle that they can do the testing on.
And then they, yeah, so they have the data and then they ask for more data, just like all
manufacturers. The robo-taxi situation, when it starts up with a small sample size, so I think
that that's what they're reporting there. There's been four or five or six little fender benders, and they've all been under
six miles an hour. You know, one of them was when the vehicle, the passenger had already
exited the vehicle, but they're all in parking lots. And so if you want to take these four,
five, six kind of robo-taxi, quote, you know, incidents, then you got to look deeper.
And that's what NHTSA does.
So yeah, I've got no fear here.
You show NHTSA that you've got a vehicle
that is working on being driverless.
It is fully autonomous in some versions.
And you show them, hey, what's happening here?
And oh yeah, we went to Terry Black's
and they backed into a little pole in the parking lot.
These are the kind of things they're reporting to NHTSA. The granularity of the data
is really, really good to figure out what's happening and where we are. And Tesla is going
to be as safe as you can imagine. As you imagine, think about that phrase. If you were starting a robo-taxi
network, an autonomous rideshare network, how would you do it? Let's put 5,000 cars out in the
country at once and see what happens. No, I don't think so. I think let's keep putting one more out
there and let's see if we've got issues to solve.
You know, I got friends in the room right now that regularly, I'm not talking last summer with their family.
I'm talking about week in, week out.
I got friends that are driving thousands of miles across the country using Tesla self-driving.
It's the same software.
It's the same cars that Tesla is using for Robotaxi with
Model Y and others with Model 3 and then CyberCab that's coming out starting production next month.
These are vehicles driving around the country right now, and the people are showing us on video
that they don't have to do anything. They're sitting in the seat that is formally
called the driver's seat. In fact, in 2022, NHTSA came out with a new ruling that you don't have to
call it the driver's seat. You don't have to have a steering wheel or pedals. Look it up, NHTSA 2022.
too. You just start calling that driver's seat, just call it a passenger seat. And then we can
You just start calling that driver's seat, just call it a passenger seat.
move forward into autonomy. So you're right. NHTSA is there. NHTSA has a job to do. NHTSA is not out
there muckraking, causing problems like some of the other enemies of Tesla. NHTSA is a government
agency that has people in charge of our safety on the highways, and they do good work. They do
good work. They help us. They're not standing in our way, and that's what's happening so far.
NHTSA has taken a look at the vehicles, the software, and they're on board. They are on
board with Tesla. They're on board with Waymo. They're on board with autonomy, and that's what's
happening with NHTSA.
They're watching, they're testing,
they're driving every day,
just like Americans are doing every day,
just like Europeans are about to do in Ireland, the Netherlands, and other countries.
So FSD is here, NHTSA's on board,
and Tesla's got the best program.
Everybody else will fall by the wayside.
Yeah, and looking at some of the data right now that I just pulled up from the last submission
that they had from the Q1 data for this year, it is one crash or autopilot is 6.36 million miles per crash in comparison to 666 000 uh regular driver miles per crash so
that's how you can say 10 times right it's 10 times better todd than i am as a driver
100 which is uh that's alarming and uh everyone always over inflates how good of a driver they are except
for me of course because I always say yeah I can't drive ironically enough though I don't crash but
I always say I'm not a good driver but I would definitely turn over to the autopilot for sure
with these numbers like you just can't argue against it so really interesting there so those
of you that are just tuning in I would highly recommend you follow penny landon smoky uh check out all the
amazing things i want to say hi to our friends down there tesla hype and all the wonderful people
that tune in and hang out with us always a great time to have these tesla tuesdays these deep dives
if you will going into battery the highway production, all these different things. And of course,
there's optimists and AI, all these things overlap. And we didn't even really go down
into the other paths of Starlink that much and Boring Company and all his other ventures.
But there's always something to talk about here because it all overlaps. And it's just
in a wonderful world, not just the finance, but the tech and the way it impacts people.
But I'd love to hear some closing thoughts.
Believe it or not, we are near the top of the hour.
And, you know, since Penny, faithful co-host, didn't really get to spend too much time with you today.
But, you know, anything that was on your radar that maybe you'd want to cover, bring up and throw some thoughts out where we should uh be looking and researching
looking forward to love to hear your thoughts on that well i'm so preoccupied with working on my
own stuff right now i barely got a chance to catch the news i almost missed this space today so i
don't have a whole lot to share in addition to what i already did except for i hope everyone has
a great week and uh keep a lookout on my account if you play games.
I'm going to be releasing a game soon.
I've been working hard on it for about a year now,
and it's really starting to come together quick.
So that's why I don't know any news right now.
I'm trying to finish it.
Awesome.
Good stuff there.
And while you're sitting in FSD, you could be playing the game
and may just very well be your game
So Smokey, any thoughts?
Not really
It's just incredible to watch what's happening
Just play out
It's like all the infrastructure
That's been building over the last decade
We're actually seeing it now come to fruition
And it's just amazing to see it
I think in the next probably one to two years,
our world is going to be completely different in a good way.
And I think we're going to be well on our way towards abundance.
And I couldn't be more excited.
And Penny, I wish you the best with your games.
I'll definitely be following that and trying them out, bro.
And last but not least, Landon so much Taj here's my thought about Tesla this is a Tesla
deep dive right the name of the room is Tesla deep dive you week in week out you got 500 people in
this in this space or more and they're wanting to know about Tesla. Why Tesla? When Tesla? What Tesla? And here's Tesla for me.
T-S-L-A. This is why I invest. I was taught
to invest in companies that build products
that thrill me. I mean, that's really specific. That's not just like,
oh, buy a company if you like their stuff. No.
This is what are you passionate about in your life
that you can't get enough of,
that you think about all the time.
And in my life, that's been automotive.
I've been in the car business.
You know, I've loved it.
I've worked hard with Ford Motor Company
on the best-selling truck,
the best-selling vehicle in America for 45 years.
But I've been with Tesla for a lot longer and that's not as an employee. on the best-selling truck, the best-selling vehicle in America for 45 years.
But I've been with Tesla for a lot longer, and that's not as an employee.
That's giving my money, my family's hard-earned money. I put into TSLA Tesla because of this.
Amazing abundance is the end goal.
And to me, what that means is people will not be as sad at the end of the day.
You know, do you think that's funny? Yeah, it's kind of touchy-feely, whatever. But I don't like
the idea. When I see in the movie, I see a fry cook slaving over a deep fat fryer for nine, 10 hours, just frying chicken.
That's no life.
And there's a world for cooks and chefs, but that is no life to be forced to do that for a minimum wage and try to put food on the table.
food on the table. Amazing abundance is people waking up and having the money and the food and
the ability to heat their homes and to get places with transportation without saying,
I don't have enough money to do that. They can go and they can learn and they can spend time
with their family and they can pursue their passions and they can stop doing the difficult, dangerous, repetitive, and boring jobs
that are crushing the souls of people in this world.
Is this what we're here for?
Are we born just to go sweep up the corner of some shop?
I don't think so.
I've got bigger goals for humanity.
They're not my goals.
They're our goals.
What would you do if you weren't drugged down by having to get to work at 8 a.m.?
By letting your mind explore what we are here for.
Intelligence, arts, humanity, science, sport, recreation. for intelligence arts humanity science sport recreation do the stuff your love by investing
in tesla and getting us to amazing abundance that's because they're going to drive down
the cost of everything we buy in the world to almost nothing by driving down the cost of energy, the way we do everything in the world, to almost nothing.
There's a plan.
You can be part of it.
Join Tesla today.
Get a job.
Buy the stock.
Buy the products.
That's what I do.
That's how Tesla is getting the world out of the rut of what we're doing for the last 500 years of terrible, terrible jobs and labor.
Let's go.
Amazing abundance.
Spend time with your family.
Keep them safe through Tesla.
Thanks, Taj.
I love this space.
You know I can go on and on.
This is the real way to get forward in the world.
Always great to hang out with you guys
and talk about these things.
And of course, this is the Tesla Deep Dive.
We'll be here every single Tuesday.
At this time, those of you that have gone
through daylight savings or did not
and just messed you up,
just always check the schedule.
We pin the weekly schedule of all the events
every single Sunday right here on the Wolf page.
There's other areas that you can check out too. There's Wolf Bitcoin, there's Wolf Trading. These guys are
live streaming literally all day, every day. So if you're into just finances in particular,
in general, there's something out there for you. And lots of shows, spaces, live stream every
single day. And later this evening, there'll be more too as well. So just check that schedule,
tune in, follow these amazing speakers, really appreciate every
single person that has spent the last hour with us. And of course, speakers, Penny, Landon, and
Smokey that have given their time, really appreciate every single one of you and always
look forward to these myself. My name is Taj hanging out with the Wolf Crew and I will see you guys next week.
