Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
TESLA DEEP DIVE 🔋TRUMP & MUSK FIGHTING | ROBOTAXI
Recorded: July 1, 2025 Duration: 1:05:06Space Recording
Short Summary
Tesla's recent developments, including the launch of their robo-taxi service and the establishment of a U.S. battery production facility, signal significant growth and innovation in the electric vehicle and energy sectors. Investors are increasingly optimistic about Tesla's future, as evidenced by rising interest in their stock and strategic moves to enhance sustainability.
Full Transcription
Thank you. Good afternoon, everybody. Welcome into today's Tesla Tuesday space. And oh boy, what a Tesla
Tuesday it is today. Man, mom, can you come pick me up? The
billionaires are fighting again. Tesla currently down about 5% on the day on news that Trump is
looking to deport Elon Musk. How did we get back here again so fast? Oh man, that was a quick round
trip from the other side.
I'm intrigued to see where this continues to go.
We were going to, of course, talk about the great blocking today, but it turns out that was just an accident.
Elon had been eating some popcorn.
Fingers got slippery.
Tap the blockity button.
Next thing you know, it's back.
It's back from the dead.
So, yeah, Tesla had a great reaction to Robotex.
Obviously, it had a huge 10% pop, went from 322 to 354, and we're back to 300.
Man, it just keeps on coming.
I have to say, Omar, your timeline has been an absolutely delight lately.
Just an absolute treat looking through the timeline.
I feel like true Omar's energy is being channeled. Last
week was hold on to your assholes, kids. There was one in here earlier today about time for all
the pussies to sell Tesla. There was a couple of good ones. There was one about a robo-taxi
and everything. Yup, it's all worthless. Sell your stuff. So man, Omar, you've been on an absolute roll lately.
What's going on?
Hey, yeah, so really interesting week for Tesla.
We've got the production and deliveries report tomorrow.
It's expected to be a pretty weak quarter.
I think Troy's at 357,000 deliveries, which has barely improved from Q1.
So not so great there.
Everybody's now focused on this Musk-Trump feud,
which, you know, sometimes it just feels like you're listening to a broken record.
People forget very easily what happened just a few weeks ago. I mean,
at the beginning of June, we saw this Musk-Trump feud blow up. Everybody panicked. People started
predicting SpaceX would be nationalized or Tesla would be, you know, banned from self-driving or Elon Musk would be deported. And then very quickly,
the rhetoric turned down and none of that actually happened. The stock fell to, I think, 280,
then jumped back up to 350 after the robo-taxi launch. And now people are panicking again. Oh,
my God, he wrote this tweet. This is the end of the
world. He's going to be deported. What's going to happen to his companies? They're going to attack
him. And I'm guessing that once again, it's going to be more talk than action. So, you know, what everybody's missing while they're focused on these teenage girl dramas, as they call them.
This person, while everybody's focused on these trivialities, Tesla is reinventing the future of transportation.
We saw, you know, so what does the future of transportation look like with AI?
Well, instead of, let's say, going to the pharmacy to pick up some Tylenol, we're moving into a world where I can push a button, send my car over to the pharmacy with my robot in it.
The robot goes into the store, it picks up my Tylenol, gets back in the car, and comes and drives to my house.
my house. That's the future Tesla's building. It sounds like crazy sci-fi stuff, but we're actually
That's the future Tesla's building.
seeing some meaningful progress in that direction this week. So in the last week, Tesla launched
their robo-taxi service in Austin. I was there in Austin. I took 69 rides, and all of them were
zero intervention.
The human didn't do anything.
From parking lot to parking lot,
the AI model on the car was able to do the entire drive.
And this is an ordinary car that you can buy.
For the first time, self-driving cars are in mass production.
And there's going to be a lot of exciting milestones with this service as they scale it out. So they had a successful launch, no crashes, and I'm looking forward to seeing them
continue to expand there. Then on the delivery side, they actually performed a delivery
completely autonomously from the factory to a customer in Austin. The car drove off the factory lot, got on the highway, there was nobody in the car,
and just drove to the customer's house where they just walked outside and picked it up.
This is the first time anything like this has ever been done before.
No car manufacturer has this capability.
They've been using FSD to send cars to the logistics lot for some time, but this time the car didn't just stop at the logistics lot, it actually drove all the way to the customer.
So I was definitely doubtful when they said they would do this this year.
They did it.
did it. So Tesla's fully autonomous era has begun. It's starting off slowly and carefully
So Tesla's fully autonomous era has begun.
with them really dipping their toes into the water. But this is going to be one of the most
transformative impacts of AI, I think, even more so than generative AI near term. Real world AI, cars and robots moving through the
world on their own, doing things that we ask them to, doing jobs, making money for us. So this is,
I think, the really important thing to focus on that nobody's really focusing on. And on top of that, Tesla also announced that they're going to
be making LFP batteries here in the United States. Now, this is pretty significant news. I think it's
almost as big as really the launch of the robo-taxis. These LFP batteries are lower cost,
LFP batteries are lower cost, easier to scale, because it's easier to get their input elements,
lithium iron, phosphate, compared to nickel, cobalt, manganese, and the stuff we traditionally
use in the long-range batteries. So they use zero cobalt, all ethically sourced.
They're lower cost, the materials are abundant,
and Tesla can get a $45 a kilowatt hour battery production credit for making it here in the United States. So what that really translates to is a much lower cost battery, one that is easier
to scale, and one that with the battery production credits is going to
allow them to make an ev for the same cost as a gas car really match the price there
and i think it's going to be a centerpiece of the new lower cost vehicles that tesla is about to
unveil now that the first half of 2025 is over.
So these, I think, are kind of the high order bits for me.
The launch of Tesla's robo-taxi service.
You know, they've got a robo-taxi app.
You can call a car, a Model Y to come pick you up.
You can set the temperature, play your music. You can watch Netflix or YouTube.
Way better car, more comfortable,
smoother than Waymo. I ran a race between Waymo and Tesla. Tesla got there about 20% faster.
It dropped me off right in front of the store, while Waymo took up five parking spots.
And it did that all with just an ordinary car. No need to add a bunch of sensors on top to be able to make the self-driving work.
So these are really the important things to focus on.
The Robotaxi service, autonomous deliveries, Tesla already saving money within their own operations,
using full self-driving to do work that humans used to do,
and the announcement of the LFP battery factory.
Deliveries aren't looking so great.
There have been some leadership changes there.
But with those three things,
they're really building the future of transportation,
the future of a clean energy economy,
which has become such an important topic,
just increasing our electricity production. And that's why I bought some calls today.
If we see them dip some more tomorrow, I'll probably buy more. And I bought some $300
calls with an expiration of December, 2027.
And I just looked at this and I said, with everything they're doing, yeah, I'm buying
shares as well, but I would love to have a call option to buy additional shares at this
$300 price point 30 months from now in 2027.
I think they really have something incredibly special here.
And it's really not being talked about or focused on by most investors because they're distracted
by the usual BS of, oh, Elon's going to get deported by Trump. I'm willing to make a bet that Elon doesn't get deported.
And what actually matters long-term is not the feud of the week,
but these stories that are actually material to Tesla
are actually some of the most important moments in the history of the company,
what we saw this week.
So this just kind of comes with the territory. If you're scared by Elon tweeting something,
this stock is not for you because it happens regularly. It's probably going to happen again.
it's probably going to happen again. That's just kind of the guy he is. He's become so influential
and so powerful that he'll get in fights with the president of the United States.
And not just this one, the last one too. And at this point, you kind of just have to expect it.
And if you don't have the stomach for it, then maybe this isn't a stock you should hold.
But for those who are too squeamish to hold it, I think they're going to miss one of the
most transformative secular growth stories of our generation.
So I'm buying shares and calls.
I want to own a piece of the RoboTaxi network.
I want to own a piece of these cars delivering themselves to customers.
I want to own a piece of this massive LFP factory that's being built in Sparks, Nevada
that's being built in Sparks, Nevada, and is almost completed. And I think autonomy
and is almost completed.
really unlocks massive earnings growth for the company in the coming years.
So this is really a time where I think investors who can focus on the signal
and ignore the noise are going to do very well.
Wow, a lot of good thoughts there definitely appreciate you
you know starting out with the delivery numbers and hitting on a couple of these items
that's very helpful to hear uh you should try that bet of elon getting to porter or not maybe
see if uh jerry will take the other side um you might be able to make some money there uh i you
know ultimately you might have to you might have to poke and pry, but maybe it'll pay out.
Also, while you were speaking, the Senate passed the big, beautiful Trump bill,
sending it to the House of Representatives.
That did happen while you were speaking right there.
So interesting to see where it continues to go at the moment.
A lot of big pieces.
But yeah, I hear what you're saying
um likely this ends up being another buying opportunity right that seems to kind of be
the general gist of the concept here uh that i'm hearing also shout out to everyone on stage
excited to get into this with our tesla crew i see a few others off stage if you're able to join up
you know lincoln jeff others you're welcome to have you, you know, Lincoln, Jeff, others, you're welcome to have you. Otherwise, appreciate you just, you know, hanging out with us here in the audience.
Penny, do you have any initial thoughts here today?
Well, I think Omar did a great job sort of summarizing the situation.
I think all eyes should be on RoboTaxi right now.
I think the LFP factory is hugely underrated from a national security perspective, manufacturing
batteries like that, the kind that can be used in stationary storage, the kind that
can be used to stabilize the grid that get a ton of cycles and you can charge them all
the way full.
They don't have cobalt.
They really are important to be able to manufacture here.
They're important to the future. They're important to our ability to expand our grid and support all of the energy that's going to be
needed for artificial intelligence. So I think it's actually a critical part of American national
security that we can manufacture these LFP batteries. I don't think that Elon gets enough
credit for how many different items like that he's responsible for.
I mean, the idea that Trump is posting about him today and saying that he's the most subsidized
person in the world.
And I mean, it just it really rubs me wrong, because if it wasn't for Elon's rockets, if
it wasn't for the advanced manufacturing and the robotics and the AI and, you know, all
of these different things that he's
working on we would be in a much much worse position as americans so i hate to see this
fight happening again like omar said if if uh if you can't handle the heat then you probably don't
want to be in this kitchen though because you know this type of interaction elon's willingness
to have this type of interaction is the's willingness to have this type of interaction
is the reason uh why or it's the same personality trait that allows him to change the world that
allows him to take on impossible things and like landing rockets or catching rockets with chopsticks
or you know completely revolutionizing manufacturing of cars i mean we don't talk about it very often but it's almost impossible to start
a new car company in america let alone an ev company before anyone else was doing it everyone
that's tried like in the past century has failed uh you know they get a little bit of traction and
they die and he created a car company an ev company in the united states and it's you know
growing faster than any other car company
and really changing the way
that things are being manufactured.
I really hate to see people turn against them
in a time like this,
but I do think it presents a buying opportunity.
It's wild that Tesla is on the verge of changing
as many things about the future as they are.
Like literally in 10 years,
the earth is going to be unrecognizable. Elon and Tesla have played a huge part in it.
And the stock is depressed right now because of a fight that will end up being, I believe,
same as Omar, a much smaller deal in the long run than it's being made out to be right now. But it is big news.
Two of the most powerful people in the world are in another argument. And who knows what's
going to come of it. But the fundamentals of the future for Tesla, I think, are still really,
really super. I have never been a how many deliveries
are coming up this quarter kind of guy.
I'm thinking out, you know, five years from now
at a minimum, more like 10 years from now.
And like, what does the big picture look like
and what role will Tesla be playing then?
So, you know, the delivery numbers, whatever,
like good, bad, indifferent.
I do think that there is like,
there's something to be said about that just from
the perspective of you know is the brand being damaged or not but at the end of the day you look
at you know delivery numbers for all car manufacturers and they're not doing much better
if even as good so uh you know long run i i do believe that this may be you know one of the
better opportunities we've
been sitting at or around or above this price for a long time for years now and we work as close to
deploying Optimus and we didn't have paid robo taxis being taken in Austin and now we do right
and we still get this same price and uh I believe that the hard work that's happened over the past three four years during
this time uh when the stock has more or less stayed the same uh has been hugely impactful
and and and we're just barely starting to see the benefits of it so uh bullish as ever
some good uh some good calm energy being brought to the space jacob excited to have you on appreciate
you being able to make it uh welcome to your full-time content creator journey uh for those
that are unfamiliar jacob who got on stage uh is also helping out on the gigacast side of things
clipping up some of our videos from the gigacast He puts out a lot of great Tesla and Elon information too. So make sure that you're checking out his X and YouTube accounts.
But Jacob, you keep a close eye on Elon's rhetoric. I talked about everything he said in a day. Are
you excited for yesterday and today? No, I'm not. He's got my work cut out for me today,
my daily episode. I think he's tweeted more today than he has since I started this series. So I've got a lot of work to do. And it's, I think a lot of Tesla
investors exhausted right now in fair. So just because last week was so exciting. And then we
circled back and he said the wave of AI is going to be so huge. So the debt crisis doesn't really
matter. He didn't even say that. He said we could grow
out of it. And so Peter Thiel called him out and said, why do you care so much about the debt
crisis if you think that robotics and AI are going to be so big? And he agreed that robotics
and AI will be big enough to grow outside of the debt crisis. But I think through reading his
biographies and learning about his childhood, I think this guy fucking hates liars.
And so I think he's seeing a lot of hypocrites who are campaigning for reducing spending and then immediately vote on a $5 trillion increase to the federal deficit.
And I think he just can't sleep at night knowing that these guys are getting away with it. So I think even though AI can grow us out of the debt crisis,
I think he thinks he can simultaneously lead in robotics and get these guys out at the primaries.
So we'll see if he can do it.
Yeah, I definitely am interested to see the actions
that he continues to take as well.
Good points there, Jacob.
Ryan, how about you? what have you been focused on uh excited to maybe hear some more thoughts having seen
another week here of robo taxi and also the car delivering itself which by the way before i
actually go to ryan omar it was hilarious where you put out a joking tweet that like the guys
like card got declined or something and so the robot robot, the robot, you know, the, the car that they were delivering to him drove itself back. Uh, and then what's it called? Uh, the guy himself didn't
realize it was a joke and commented underneath Omar's speed was like, this is not true. This
is fake news. I'm the guy that received the car and I still have the car. So you really pulled
him out of the woodwork there. Omar. No, it's funny. Me and Sawyer actually interviewed him
briefly on Spaces
right after he took delivery, and he said he ran and checked his bank account and went and checked
if the car was there. He really thought it was true. So apologies to him for scaring him,
but no, that tweet was just a joke. Yeah, no, it was pretty funny yeah ryan yeah thanks for having me on um definitely enjoyed
what omar and penny were talking about uh one of the things that came up that is not really
related to elon specifically is tesla energy um they talked about they posted five days ago that the Powerwall fleet in California dispatched
345 megawatts to the grid during a virtual power plant event, reducing the need for fossil
fuel peaking plants.
I think that's a huge deal.
Like previously, Elon talked about Tesla Energy and Tesla as a whole becoming a distributed utility.
And the real way that they can move the grid to a sustainable energy future,
move the world really to a sustainable energy future,
is to pair solar energy, like harnessing and production with big large scale battery storage.
And basically what happens if you have these batteries distributed at everybody's houses,
then you can decrease the load on the grid and make it so that everybody has their own personal reserve that can help back
up and support each other. So really the analogy, and the sun doesn't shine like 24 hours a day,
so it really makes sense to get it as much as you can, have your solar panels and solar roof
get the sun during the day
and then store it in your own battery
and then have you use it at night.
Because if you don't have the battery,
you're taking in that solar energy during the day
and typically the access gets sold back to
the grid for much cheaper than what you end up paying back for it at night so
if you basically if you if you're able to keep it from day to night then you're
I mean you're saving money you, you're capturing that difference.
And at scale, this is huge because suddenly there's no, there's much, much less need for these power plants that are coal fired.
And like, basically, it causes everything
to be able to be solar powered.
And this is just a tremendous advantage
that is really meaningful for transitioning the world
to solar energy.
So this is something that I think
the idea of becoming a large scale distributed utility is is something that I think will probably get talked about more as Tesla Energy continues to grow.
But this is like on the scale of something that's really meaningful I calculated that it was around one it was
it was under 200,000 homes for around two hours of power that California was
able to like generate enough electricity for without the need for these peaker plants. So that's like a really meaningful impact.
That's a ton of homes. And basically, if you can complete that entire cycle where you're
harnessing the solar energy with the solar panels and then storing them in the power wall or power
pack or mega pack, and then using that in a sustainable way
with their charging infrastructure or just charging at somebody's home then you really
have the entire energy flywheel that's completely powered with with solar and like that's a future
that i've looked forward to.
It's never been like my primary reason for supporting Tesla or for supporting,
or I should say, like the idea of transitioning to solar energy is something that I've always supported, but it's never been like my primary reason for liking the
cars.
Really, it's just that Tesla makes the best cars, they make the best products.
And so it's great that they also happen to be solar.
That's another reason to support them.
But I think this kind of goes back to what was being talked about earlier.
It's such a big deal that Tesla was able to start a car company and an energy company during the time that they did, because at the time, the perception of electric vehicles
was that they're just golf carts on wheels.
they're just golf carts on wheels and or they're just golf carts uh that that can never be long
range and can never be uh fast and highly like have good performance but tesla changed that
perception and the reason that they've they've won over time is because they have just the best product.
It also happens to be electric.
So even if somebody wasn't all gung-ho about transforming or transitioning the world to
sustainable energy, they could just get behind having the best product.
And that's what's desperately needed.
And that's what they're providing with the battery storage as well so that's something that I've been focused on I think Tesla energy
continues to be underrated they have also the charging infrastructure which
falls under the Tesla energy umbrella and I'm excited for more people to
recognize that especially those on Wall Street I saw Sawyer came up so feel free
to go ahead sir
big sawyer in the house welcome to the show a lot going on in the world of tesla buying opportunities as we like to call them these days in my world uh yeah so a lot of interesting
things robo taxi um i don't believe we heard from you on the space here, obviously on the Gigacast.
We've talked about your experience.
Maybe if you want to talk a little bit about
your RoboTaxi experience and then any thoughts
on the continuing feud and how this kind of plays out
for us shareholders.
Yeah, actually what I was just doing is
trying to read through this Senate bill
that literally just passed a few minutes ago.
Vance was the tie-breaking vote of the VP.
And it looks like at the last minute, Lisa Mercassi sort of weaseled her way in, was able
to get rid of the controversial tax on solar and wind energy products.
So it looks like that was removed at the last minute to get this bill through.
So that's great news.
Unfortunately, it sounds like the EV credit ending on september 30th that's
that was still in there uh alternative fuel property credits ending june 30th next year
you know home energy credits residential clean energy credits all that's you know ending either
end of this year sometime next year so still negative for renewables and evs in general but
fortunately that looks like that tax on solar and wind projects
that's gone um yeah so we'll see what happens the battery production credits lawyer
i gotta look more into that so that was still in there before but the problem was and i think
i'm interpreting this correctly is that if it used if like the manufacturing facility use certain materials or parts from adversarial countries nations such as china then that means that that facility would not
be eligible for the manufacturing credit so that could potentially mean and again i got to look
more into this it could potentially mean that tesla's new lfp battery manufacturing facility
which uses catl, you know, manufacturing
equipment, it wouldn't qualify for the manufacturing credit. Tesla's other manufacturing
facilities, such as the Panasonic plant and, you know, Giga Texas, all that would still get the
manufacturing credit. But again, I got to look into this. I don't know if it's still in there,
if it was removed or not at the last minute, but that's sort of up in the air. But that's,
if it was removed or not at the last minute, but that's sort of up in the air.
But that's a really important one because if you get, if you start like,
a lot of different facilities use Chinese parts or different parts from,
you know, quote unquote, adversarial nations.
And so that would be a huge blow to domestic manufacturing, in my opinion,
because those are pretty common parts that are used.
Even Ford, I think Ford also used CATL equipment for their new LFP or battery manufacturing facility in Michigan.
I think they may have figured out a way sort of around that.
But, yeah, this is just sort of a mess.
We'll see how it goes.
It goes to the house next.
It's going to be a battle.
I think they're trying to get this thing through by July 4th.
But it's going to be a crazy few think they're trying to get this thing through by july 4th but it's
going to be a crazy few days that's for sure yeah it is pretty pretty mind-blowing with so many
things happening at once right in the span of 10 days here you've got you know everything happening
with roa taxi you've got the bill happening you've got delivery numbers upcoming sir do you want to
speak a little bit to upcoming
numbers at all and perhaps you know we're not even that far away from earning yeah i put a
i put out a post last week that said the delivery report for q2 uh i didn't say it didn't matter
but i said it mattered less than ever before from a vehicle delivery standpoint and i still stand by
that i think with how tes Tesla's FSD progress has been
going, obviously the sort of beta robotaxi launch, I think that is sort of going to be the main focus
for investors going forward. I think this delivery report is probably mostly priced in at this point.
I think everyone's expecting a really bad number. And of course, Tesla still needs to sell cars.
That's how they make money. They have their energy storage business, but they make most of their money through vehicle sales still. And so they need to sell cars. But I guess what I mean is the story of Tesla is not so much car sales now. It's really about autonomy, robotaxis, and more longer term humanoid robots.
So that's sort of the focus. If you're an investor in Tesla, you're not investing in Tesla because they're going to get to 20 million vehicle sales by 2030. That sort of aspiration and hope is out the window, in my opinion, and has been for a while. It's really just about how much can they deliver on robotaxis, autonomy, humanoid robots.
So, and I think you asked me about the feud or the back and forth between Trump and Elon.
I really hope Elon doesn't take debate this time.
Trump loves getting down in the mud with people.
Like this is almost like a sport for him.
We've seen this over and over with countless individuals.
And sometimes Elon can't help himself.
When someone attacks Elon, he really, especially someone on the level of Trump, he feels like
especially someone on the level of Trump, he feels like he really has to defend himself,
he really has to defend himself and rightly so.
and rightly so. But it's pretty clear that Trump just has a fundamental misunderstanding
of what the hell an EV mandate is versus an EV credit. He clearly has no clue how important
SpaceX is to national security, and that if they were to get rid of all subsidies and try to stop
SpaceX from doing what they want to do, stop sending astronauts to them, their only other avenue is to send astronauts up through Russia, which is not going to happen,
let's be honest. So either Trump doesn't understand that stuff, or he understands it
and is choosing to just lie about it. So that's probably really upsetting for Elon.
But I think this will, like all the other feuds and all the other drama, this will pass
eventually.
It's probably going to be negative on the stock in the short term.
But I think it's just that.
It's just probably short term noise.
I don't think Trump's going to deport Elon or anything like that.
I think ultimately what Elon, the best thing for Elon is just to focus on his companies,
change the world through engineering and technology.
I think that's where he'll have his biggest impact.
He might start this American party thing.
I'm not sure if it'll be successful.
History will tell us that third parties don't end up doing very well.
Having said that, if anyone can figure it out, it's probably Elon.
But I don't know.
We'll see.
To me, it's just like if you don't change the fundamental incentive structures in government,
then I don't see how a third party,
even if his third party wins would change much because eventually they're just
going to get his third party candidates.
We'll just get thrown into sort of sort of the quote unquote swamp that is the
U S government and just get consumed by special, special interests and,
you know, fun, fundraising needs and so on and so forth.
So yeah, those are my initial thoughts.
Yeah, a lot of good thoughts there, Sawyer.
It's, I think, can be summed up in that one line, like just hoping that he doesn't take
the bait.
You know, it's like he undeletes, he's got on like the twitter back end undeletes all the
tweets from before right just starts quote tweeting um you know you never know where this
stuff can go uh in this world it does stay a little bit crazy so i'll be interested uh sorry
i gotta ask you real quick before we go over to uh landed and we get back to the the juicy stuff
um what did you think when you saw the whole uh the great blocking escapade of 2025 with Omar and Elon?
Did you have any thoughts?
Well,
fortunately I'm in sort of rarefied air with Omar and that I've been
unfollowed by Elon at least once,
I think.
So I know what it's like.
I haven't been blocked though.
I haven't graduated to that level yet.
But look,
I mean,
he's unfollowed,
refollowed Grimes, I think at least two dozen times. I've been pretty sure he's blocked her
a few times. I think he's unfollowed Omar maybe four or five times. And look, Omar's like,
when I think of Tesla, I also think of Omar because I remember following Omar back in like
Steve Jobs ghost days when he had that ex or Twitter twitter account back then so and i i know him and elon
have had a dialogue dating back to i think like 2019 or 2018 or something um so they obviously
know each other i think elon appreciates what you know omar has done in the community all the fsd
beta videos over the years and my guess is he was probably just a little heated in the moment. And he, I think he had just probably fired Omid was,
was my guess.
And he probably saw one of Omar's feedback posts on X about the
robot taxi service and just blocked them in a reaction overreaction.
And then a couple of days later,
it was like,
maybe not.
I know he said it was an accident,
but it's pretty hard to accidentally block somebody.
I know. Especially when you're're you literally own the product hey um one last question real
quick this is a side note just because we're talking about the product sawyer um omar uh
iwan hired uh nikita uh beer as the new vp of product or head of product for X. Do you have any thoughts there?
Any hopes, things you'd want to see?
One thing I noticed when Elon first took over Twitter
was that we saw a rapid launch of new features and bug fixing.
And I feel like a lot of that has slowed down
in the last year, year and a half.
And I'm not sure why that is.
I've seen a lot of public departures of X employees on X, prominent ones that used to interact with a lot of us and get
feature feedback and bug feedback. And so I'm hoping that now that he's the new head of product,
he starts to sort of light the fire under people again and release features quicker,
bug fixes quicker. Because I kind of feel like we haven't really been seeing much lately um in the way that we did sort of a couple years ago when elon first took
over yeah yeah i'm excited to see where the product can go great thoughts i appreciate you
joining in should be a good chat on the giga cast tomorrow as well uh definitely encourage everyone
to follow that i'll pin a tweet to the top. Landon,
would love to get you in here and hear your thoughts. Oh boy, happy to talk Tesla and Elon
with the Tuesday group. Hey, everybody, what things, what is it that makes us happy and feel
safe and comfortable? It's doing the same things again and again. You know, whether it's having regular
meals in your life, having a regular paycheck, having regular love from family and friends,
things that happen with regularity camp down the fear in our psyche. How do we apply that to today's talk about Tesla? Well, when you're
investing, it feels comfortable when things are going along pretty much the same. But what happens
when you get that regular paycheck, those regular meals, your refrigerator is full, there's money in the bank account. Well, you know, we tend to get
a little bit soft. And doesn't that feel good? You know, when you can have a little chocolate
dessert after your dinner and go to bed and you're just fat and happy. Well, that's why we need
change. Because that's a dead end path. If you're happy with your money, if you're happy with your
investments, if you're happy with your weight, for God's sake, then nothing new occurs. We need
change, but change is frightening. Change is scary. Change is like, well, wait a minute, what if I
don't have that regular meal tonight? What if I don't have that regular meal tonight?
What if I don't have that regular paycheck?
What if my investment goes down?
I didn't invest for my money to go down, did I?
Well, that's all just change.
And we need Elon Musk pushing for change.
Why is that? Because we're just one man, one woman, one group of people
with a common goal. But Elon Musk, man, when in history have we seen men like Elon Musk? We've
seen it. We just don't see it every day or every week. We need Elon Musk to show the strength, the reserve to take on these situations that we know are best.
We know that cutting all of the support for renewable energy out of a government plan is not the best thing.
It looks like maybe he had some influence there.
So, Ayer says there's a change there.
So, this is the kind of reason that
we need to embrace change, even though it's uncomfortable, even though that investment goes
down before ultimately it goes up. We still have the opportunity to invest the way we wanted to
invest. We wanted to put our money into products and companies that we love. And damned if
we don't have the best opportunity to do that right now in TSLA. RoboTaxi is not changing plans.
Humanoid robots are not changing plans. Megapack energy grid storage devices is not changing their plan,
their business model. There's almost unlimited demand for some of these products, and that's
what I want to invest in. I want to invest in the products and services that I love,
that I see potential for, and in the companies that drive change towards making this country
and this world the one that I want my kids to grow up in. Wolf, thanks for having the Tesla space.
Thanks for helping others understand that you can suit for the stars on these goals,
on these goals because that's the only way you hit them.
because that's the only way you hit them. Thanks very much.
Thanks very much.
Shoot for the moon and among stars.
Absolutely.
Consistency is certainly a key piece here.
And I've really become more excited as well.
Robots, Robotaxi, Optimus, all these different pieces.
So I'm pretty excited for the next earnings call
just to see more about what they're going to talk to
and as more pictures make their way out of the factories and things along these lines,
just hardcore execution. That's what ultimately matters at the end of the day. And then just
seeing these cars being to deliver themselves to customers. Right. And I did like, and maybe
Sawyer, you could speak to this real quick. And then Captain, I want to come over to you as well
as Jeff Lutz. But sort of seeing the car go from the factory and not just do, you know, a couple blocks, but 30 minutes amongst people, nobody in the car,
right? The different shots. Like, how did you feel seeing that?
It might be weird to say this, but to me, that was almost a bigger deal
emotionally than trying out the robo taxis on the roads, because it got rid of many of the
criticisms that people had about the beta robotaxis.
It didn't have a safety monitor and it went on the highways and there was
almost basically no restrictions whatsoever.
And it got up to what, 72, 73 miles an hour on the highway.
We weren't able to get up to that,
those speeds in the South Congress or the South Austin area in our robotaxis.
And it really felt like, well, we've been waiting 10, 11 years for this.
I first invested in Tesla in 2015.
And it's something we've been hearing about.
I remember, I think it was 2016, Elon was like,
Tesla will be able to drive from LA to New York or something by the end of next year.
And obviously, that still hasn't happened.
But nonetheless, it was just like, damn, all this hard work,
all this years of waiting, waiting, hearing about this will one day happen,
and it finally did.
It was a pretty surreal moment.
Yeah, super cool, super cool to see you.
Captain, Captain Eli, how's it going?
Hey, what's up, Wolf?
So first of all, yeah, I'm honored to be here, and it's Ellie,
so I don't mind if you can just call me Ellie.
Yeah, yeah, yeah.
Hey, listen, I should have known with the Israeli side.
All right, cool.
Well, for me, it's quite easy Wolf.
First of all, I'm in line with everything that I just heard from this amazing group
of people.
I'm lucky enough to be around these people almost every week.
So thank you for whatever you guys are saying. When it comes to me,
it's quite easy. I don't understand half of the things that Elon and Trump are saying anyway.
I don't understand politics. I don't really, I'm not a traitor. I don't have like a dog in this
fight. All I do for me, all I do is just I'm supporting Elon. Like I'm a big believer that
Elon is just a guy who will lead us and already does to a better future.
And that's what I'm here for.
This is all.
That's all I want to do here.
Just to support him in any way, in any shape I can.
Now, why am I lucky?
Why am I lucky?
I'm sorry.
It's because I don't care.
Honestly, I don't care.
I'm not rich.
I don't have, like, huge stocks, like a pile of stocks of Tesla.
So whatever happened with the stock, I would be okay. I have my job. I have not rich. I don't have like huge stocks, like a pile of stocks of Tesla.
So whatever happened with the stock, I would be okay.
I have my job, I have my career, everything is okay.
But I care about Elon.
I don't want him to be, you know,
I don't want to see him like the Batman movie said,
like, you know, becoming like a villain, God forbid.
He's a hero and he needs to be treated as one.
Now, when it comes to the feud with Trump, obviously, we all saw it coming.
It will come and go for sure with Trump.
Like somebody replied to one of my posts about Elon, we can live like we can we will be OK with no Trump.
God forbid I'm not saying that Trump should, you know, something to happen to him.
But we will manage a world, you know, politicians, big names, Trump, God forbid.
Once again, I'm not saying that something needs to happen to be happening to him.
I'm just saying we will survive without these kind of personalities.
But Elon, he's the one that actually does something.
He's changing the world.
You know the meme, like when he's spreading his hands and protecting humanity?
and protecting humanity.
That's how we feel every day with Elon.
That's what he's doing.
Now, obviously, I'm going to cave in a second
and let Jeff talk because he has a bigger brain than me.
So all I'm saying is that for me, it's quite easy.
I just want to see Elon getting the support and love from us.
Elon and Tesla are just, you know,
you cannot have without the other.
So unfortunately for a lot of stockholders,
obviously they want to see the stock rise.
Tesla is doing great.
Like the product is great.
You know that you've seen the car,
you drive the cars,
you know what's coming,
you know about Optimus,
you know about FSD,
you know about RoboTaxi.
Right now we are in a different spot
where you have the competition from China,
you have the situation in Europe when you don't have FSD. So you where you have the competition from China, you have the situation in Europe
when you don't have FSD, so you don't have the support to push more cars.
Maybe, probably, I'm not sure, I'm not the guy to tell you that, but in the future, all
of that will be irrelevant, and I think we're all waiting for that.
So we are in a strange situation where we're just waiting for the company to start the
new stage, the new book,
the new chapter, whatever you want to call it. And we will all be here laughing about these kind of
days because it's a, there are just cycles. They come in and go like, like the tide, you know,
we can count on the tide and, and the ebb and you can, you can count on that. So that was my two
cents. I'm sorry if I'm digressed.
And yeah, thank you for listening.
Yeah, absolutely.
And I think you made a good point, which is like, I think people have to be in one of two places.
One, your conviction level has to be a place where you can ride the ebbs and flows.
And two, part of subsiding that conviction level is making sure that you have you know income right
coming from different places or or things like that right it can be very hard to just sit there
and hold through 20 30 drawdown if that's your sole source of income where all of your money is
so just you know diversify right like make sure that you have different areas of your life that
are providing some income diversify as in penny like make sure that you have a job right not like
hey like oh i can just sit back all day i've got all my money in tesla i'm good to go
you know that that type of thing not diversifying is that you know say a penny you can be sold tesla
you don't got any hate from me uh again it's my it's for me it's my single uh stock largest
position as well um okay jeff appreciate you coming up on the show how's it going
hey it's been a while.
Yeah, I just had a few minutes and I listened to some of the conversation and I thought
I'd chip in if I can help anywhere.
I hope everyone's doing well.
Yeah, absolutely.
Would love to hear from you.
Some thoughts.
Uh, haven't really talked to you, uh, since the Robotex world.
So to be honest, there's a whole bunch of stuff if you want to just dive in.
Yeah. I mean, I'll a whole bunch of stuff if you want to just dive in.
Yeah, I mean, I'll hit a couple of things really quick.
I think Sawyer hit on an important point that he's looking into regarding the LFP factory
and starting that up in the US.
And that's a really good thing for the US.
I do think Tesla is going to be able
able to garner those manufacturing credits. It's an FEOC requirement, which is basically foreign
to garner those manufacturing credits.
entities content requirement. I believe that that gets phased in. I'm not sure that that's a day one
thing, but it's definitely something to look into and to understand how it may impact. But I do think that they'll get some portion of the credit, if not the full credit in that
facility and be able to work through that.
But yeah, something to look into.
The Robotaxi, I have a career in history and product launch and also being chief quality
officer at a couple of large companies.
And the way Tesla handled the launch is actually quite appropriate is how you handle a safety
critical product launch.
The people that are criticizing it, I don't feel like they're criticizing it on the basis
of a viable alternative.
Like what would you actually, like if this were your own business, would you actually
like just go balls of the walls and, you know, safety, you know, right, none of this,
none of that? I mean, of course, they wouldn't do that. That was their own business. And I'm just,
when I think through the mechanics and probability of failure and the things that companies do,
and they think through the safety critical launches, I think what Tesla did was totally
appropriate. And there's one thing that they did that a lot of people haven't caught on.
I talked about a little bit yesterday on a podcast that was published.
Typically, when companies do launches and they bring influencers in, they put them under
embargo.
And what an embargo allows them to do is it's a period of time when you don't want to either expose the new product
or you kind of want to work through the issues if there are issues found by the participants.
And Tesla didn't do that. Tesla allowed the influencers to live stream, to post seconds
after they, you know, they can post it while they're in the taxi. They can post right when
they get out of it.
There's no filtering of that information.
And I'm just telling you, that's very rare.
So it tells me that they're pretty confident in their product and their approach to launching it.
And I just I just wanted to kind of take the other side of that, because I think Tesla's approach there was actually quite transparent and different than how typical new product launches, especially safety critical, are managed and especially ones of high visibility are managed.
So I just wanted to hit on that.
A couple of other things that are in the news.
There's a lot of China EV news.
One thing I would say there is I know Xiaomi very well.
I competed against them for years in the smartphone world.
They are very formidable.
Li Jun is very formidable as a leader.
He is a product person.
And I do, I mean, I would put them as kind of the number one uh competitor for tesla
in china they're actually competing you know against tesla products at tesla price tiers
and uh and like i said lijun is a product person where i've talked about some of the other
companies and china is not this homogeneous blob of ev companies. Most of them are not doing well.
And some of them have the appearance of doing really well.
But if you look under the surface, there are glaring issues that anybody with kind of a, you know, just looking at just first order derivatives beyond revenue and earnings would see when you look at payables and when you look at inventory or just the lack of data on channel inventory, this reselling of cars.
There's things that could be rumors and there's things that are actually documented facts,
like the day is payable and so forth.
So I actually, I don't kind of hold it up and kind of, I mean, they're good, they're competitive
and they're going to be formidable competitive, and they're going to,
you know, be formidable competitors. But you're going to see a lot of turnover in that space.
And I think Xiaomi is going to scale over time very well. Two other reasons regarding Xiaomi,
very low model count, and they know how to manage a supply chain. When you have a low model count,
you're not dealing with all that channel inventory and versioning and so forth.
So anyway, watch out for them. And then just finally, Tesla when they did this massive changeover for the Model Y, it's two-thirds of their production and sales.
It takes time.
I've been telling people they started, i think uh the the european operation
the third week of february and you know there's a multi-week ramp that's involved with that and
then there's you know there's requalifications that have to happen by country and then each of
that product has to reach those points of distribution and that doesn't happen in a couple
of weeks that takes months. So I think June is
you're going to see as kind of the first month when Europe starts, when you actually start seeing
inventory of that product. And I think, you know, from basically from January until now, you've had
a channel clearing event of the old Model Y, people knowing the new Model Y is coming, and the new Model Y is
just not readily available when you looked at inventory in a lot of major European cities in
May. So if you do the homework on that, I think you'll realize that there may be a lot of things
that are causing a sales slowdown in Europe. But the number one reason, in my opinion, and it's actually very fact-based, is the lack
of channel inventory on their highest running product. And I think that problem that some
people call it an excuse, I don't know why they do that, I think that goes away starting in June.
I'll pause there. Wow, a lot of good thoughts, Jeff. I'm glad we were able to get you up here
on stage. There's a whole lot to look forward to penny did you have any comments on what jeff
shared there no i think jeff's on top of it like usual uh nothing to add right now
yeah no worries ryan anything for you
no just uh agreed with what Penny was saying.
Jeff always brings valuable insights.
I think having that unique perspective that not everybody gets to be well-versed in supply chains the way that he is.
So definitely appreciate that also I guess I guess one thing that I was thinking what like
when I was an intern at Tesla we would get these intern talks where like a director or manager would
come over and talk about whatever their experience has been and one of the guys that spoke once was
a director of supply chain
and he had had a lot of experience at Apple previously
when Tim Cook was in supply chain and not CEO when Steve Jobs was CEO.
like one of the things that he talked about was
how at Apple, like the supply chain is super complex.
There's a ton of, you know, parts and pieces and locations and geographies that they have to stay on top of.
But Tesla's building vehicles
and that requires way more parts
and Tesla doesn't wait for these new versions.
Like the versioning and iterations are much more rapid.
And if they find that there's a massive improvement that they can make on the car, they just push it.
So that causes a lot of difficulty with servicing the vehicles and making sure there are the appropriate parts.
They try to care about it when they're doing
the actual design.
Like they try to just make sure that things will,
are backwards compatible.
But, you know, it's really difficult to do that
all the time.
So I just thought that that was really cool
that somebody had experience at Apple
and then was working at Tesla
and they could compare and contrast the two.
And now I can only imagine how much more complex
the supply chain is for Tesla.
Like this is eight years after I heard all of that.
So yeah, I just think it's crazy
that they're managing all this.
Yeah, they just continue to add more fuel to the fire.
Hey, I got this is a great DM that I just got.
I'll just hit on it for a second.
Oh, and Kim, I do see you in the audience if you want to try to request up.
This DM, I think this captures our whole conversation in a nutshell.
So thanks for who sent it to me.
They said, I invest in Tesla.
Can you tell me how to invest in RoboTaxi, Robotics, SpaceX, and any other Elon Musk company?
Buddy, you're in the right place.
Investing in that Tesla stock is right now the best way to get exposure to RoboTaxi, to Robotics.
Right now, obviously, SpaceX is a private company.
So unless you can go out and get some private shares, to be honest, your best exposure is probably still through Tesla.
So at the moment, this is the right place to kind of concentrate.
And I would say put your investments if this is what you're interested in doing.
Kim, did you have any thoughts here on the conversation?
Maybe it's a question for her.
Okay.
No worries.
Wait, I'm here.
Hey, there it is.
Sorry.
Hi, everyone.
Well, I just have a couple of things to say about.
First of all, let's get real
is it cut down for anyone else yeah let's get real i heard let's get real that's all we need
let's get real that's it all right well if i could finish off here while we're waiting for Kim to maybe come back, I hope.
But, you know, what happens if you are a car guy?
What happens if you care about the cars and the product is the cars?
And, you know, like I am, I love cars.
Well, I know all day long, everybody's saying, well, the deliveries don't matter.
And I don't disagree, but I still love cars.
So coming up soon, next, all indicators point that production may have started
for the next Tesla model, a lower-priced Model Y-based vehicle.
I think that's right around the corner.
And so the future is bright.
We've seen changes to Model S
and X this year. We've had the massive change from the legacy Model Y, the best-selling car in the
world, to the new upgraded Model Y. And the product rollouts are going to continue. So just because
that deliveries are not the only thing anymore doesn't mean we don't keep track and we love it.
The great products will continue to roll out of the Tesla factories.
Wait, can I finish my statement really quick?
Can you hear me?
Okay, let's get real.
I heard you guys say that.
Women aren't the only ones who are emotional.
That's what I was going to say.
Elon and Trump are extremely emotional.
So that's, I guess since we're times out up, that's all I'll have to say.
But I mean, I think Elon, last thing I'll say is Trump is vengeful. So it's going to be interesting to see how these two go at it.
But yeah, maybe they need to tone down the emotions.
Probably wouldn't hurt.
It's just so funny how much it goes back and forth.
Because like three days ago, they asked Trump about Elias.
Like, oh, yeah, great guy.
And then this morning, they're like, what do you think of deporting him?
And he was like, oh, I'll have to look into that.
And so, yeah, it just it really does just switch all over the place.
So they're pretty freaking wild.
It's like a divorcing couple, right?
Yeah.
We'll see where it continues to go.
Yeah, I'm intrigued.
So, yeah, obviously we keep doing these Tesla Tuesdays.
Hopefully being in here just gave people a little bit of levity to this situation.
And, you know, maybe some calmness.
Don't go selling all
your Tesla shares. Now is not the time to do that, in my opinion. As we dip lower, to me,
it only just seems like more opportunity. They've successfully executed on RoboTaxi,
successfully executed on bringing a car to someone's house without anybody in the car.
These are massive accomplishments. Five years ago, people could never even have thought
about these things happening.
Now people are kind of taking it for granted
within about five days.
And so let's just continue to pay attention
to the bigger picture here and see where it goes.
I will be reporting another episode of the Gigacast
with Omar and Sawyer tomorrow.
We have the Gigacast again up here as a host.
If you guys want to follow that,
you can see all the episodes that come out.
Thank you again to Jacob, who's on stage, who's helping us cut those down into clips
as well that we're sharing out on YouTube.
So you can catch all the great information there.
It's really, really good stuff.
They do share a ton of information.
I love to just pick their brains each week.
And we have a lot of fun with it as well.
So thank you again, everyone, for tuning in.
Penny, any final comments before we close this one out?
What a wild week for Tesla. What a wild week for Elon. I hope Trump starts to,
I guess, share publicly the understanding that Elon is important to America. You know,
it's OK that they feud, but I don't like him throwing around statements like he's defending on subsidies and like he needs to go back to South Africa.
I think that's completely foolish.
I'm super excited about what's going on with RoboTaxi.
You know, the LFP factory, again, I have to bring it up.
I think that's absolutely huge.
And I think delivering a car with no one in it is probably the most underrated thing that Tesla has done so far. I mean, people,
I don't think are really processing what that means, uh, across a lot of different metrics, right. Just in terms of where they are with FSD, but also cost savings in the future. I mean,
if there are no dealerships, no storage for these cars, they kind of just get manufactured
and they deliver themselves. Uh. That's great for logistics.
So anyhow, I think it's absolutely huge and looking forward to every day in the future and
waking up and getting new news about the progress that Tesla's making. Thank you. Oh, I realized I was muted there talking for a little bit.
But I was just going to say, Penny, I don't know if you saw it, but there was a tweet
from Elon earlier today in regards to that video about the deportation where he said,
so, so tempting to take the bait, but I will refrain for now.
So he is at least, you know, seeing that
and not exactly just jumping and diving into things. So we'll see where things continue to go.
Appreciate everyone again for tuning in as always to our Test of Tuesday spaces.
We will see you on the next one. Take care. Have a great one. Thank you.
