What *ACTUALLY* Happened: Tesla Replacing Elon as CEO

we are now within 30 hours of the coupon

on building your wealth expiring use

coupon code PP and get lifetime access

to the programs I'm building around big

fat margin loan from Elon Musk against

Tesla stock again and what happened with

this promotion of a new CEO after all

yesterday we saw this and rightfully

called it out as probably a

mistranslation or fud article we saw

this from ping West suggesting exclusive

Tesla to promote Tesla China president

to Global CEO well folks now we have a

little bit of the reality and we're

going to talk about a cheaper Tesla in

this video so Bloomberg is reporting

what I believe and it came out many

hours after this story but what I

believe is probably the more accurate

story Elon Musk has tapped a long time

Tesla executive in China who oversaw the

construction of the Shanghai gigafactory

to help run the new gigafactory in

Texas that's right so basically the

person who ramped Shanghai got the best

margins out of the Shanghai gigafactory

is being promoted to oversee the ramping

of Giga Austin I actually think this is

a very smart move even yesterday when we

talked about this potential of Elon Musk

being replaced as CEO we didn't really

expect that to have much of an impact

but Tom Zoo who joined Tesla in 2014 to

help build its supercharger Network and

more recently has been heading the cars

car makers Asia Pacific operations is in

Austin this week and has brought some of

his engineering team from China with him

to assist in overseeing the ramp of Giga

taxes a U.S hub for the model Y and

future production of the Cyber truck is

actually really good you're getting that

Shanghai talent that was so good at

ramping there to help ramp the Cyber

truck which we expect to be a complete

game changer for Tesla Especially since

one of the downsides that I personally

have found and many others have found

about Teslas is they don't actually have

that much storage space space where with

two benches in the Cyber truck you could

actually have up to six seats and the

storage of the truck bed which is

phenomenal right now for example if you

take the model X which is Tesla's

largest vehicle and you take the seven

seat variant you don't even have enough

trunk space to put a beer cooler in the

back not that you should be taking

alcohol in a vehicle anyway not that

I've tried but it's really frustrating

or I imagine it would be really

frustrating if you tried to put a beer

cooler in your trunk and you had seven

people and somebody had to put the beer

cooler on their lap that would probably

be pretty terrible and reportedly has

happened anyway it also makes it very

challenging to have a family for example

we have a Toyota Sienna which is our

utility vehicle we just took two in-laws

Lauren myself and two kids six people to

the airport and we drove a Toyota Sienna

why because we can actually fit six

people and everyone's luggage we could

never do that in our model X or Model S

a cyber truck though on the other hand

is a total Game Changer although I'm not

100 sure how many moms are going to be

buying the Cyber truck if you were a mom

and first of all you're watching this

video shout out to you and if you are

thinking about getting a cyber truck I'd

love to hear from you anyway this shift

of zoo moving to Austin comes as Tesla

has been trying to increase output at

the new Texas facility the U.S electric

vehicle Pioneer originally planned to

make model y SUVs using its new larger

4680 cells at the Austin plant which

Elon Musk has referred to as a money

furnace earlier this year but instead

has pivoted to using flip-flopped to

using the old 2170 cells considering the

new batteries are still not yet ready

for new production at this point also

Elon Musk has been not only dealing with

a Now new investigation into potential

animal cruelty over at uh or animal

rights abuses over at neural link which

I potentially think is really just

politically motivated I don't actually

expect that there's animal abuse

happening uh of course you know we'll

see what the government has to say and

of course Elon Musk has been a pretty

well distracted over at uh Twitter with

now pictures circulating of beds and

laundry machines being installed at the

corporate headquarters for Twitter in

San Francisco which I'll tell you

California as much as there is a housing

shortage and people are living on the

street they get really pissed off if you

end up

putting housing inside of commercial

units to

hit some of these pictures here because

uh let's just say there's somewhat uh

potentially uh eye-opening

although honestly I think it's quite uh

quite efficient dare I say so take a

look at this multiple pictures here of

sofas being set up uh sofas here with

pillows next to Office tables and sort

of board tables here what would appear

to be you've got it looks like they're

using Tide detergent and this laundry

machine here

if we scroll a little bit further here

we get slippers and former staff saying

Elon musk's room is converted a

converted conference room and looks like

a hotel room here you've got another one

the BBC has obtained pictures inside

Twitter rooms that have been converted

into bedrooms for staff to sleep in the

city of San Francisco is investigating

as it's a commercial building yeah the

city of San Francisco is run by mayor

London breed and here's a wardrobe

potentially for Elon Musk and she's the

lady that I made a video on back in 2020

when she was

saying that she was okay to violate her

own mask mandate in her City because she

was at a um at a party or a nightclub

and she was quote feeling the spirit

you can't make this stuff up okay so in

addition to this uh Twitter drama and

and this uh this is now good news about

a new uh the Shanghai executive heading

on over to Austin which both Austin and

Berlin are having their issues with

ramping any kind of ramp is going to

have problems remember anything you do

in life is going to come with problems

there is never a smooth day and this is

okay I mean that's life you put up your

Shield it's two steps forward one step

back as long as you keep trying you keep

moving and you don't pay attention the

sludge and scum and swamp Beneath Your

Feet you walk through and you Prevail

you move on you stay the course as hard

as it is especially in a recessionary

environment it's very very difficult

it's very easy for people to uh to hate

and be envious because recessionary

environments are rightfully so painful

but what's this talk now about a

potential margin loan against Tesla yeah

well here's just another example of uh

Twitter using Tesla stock as its piggy

bank Twitter right now is reportedly

paying an interest rate of about 11.75

percent on a multi-billion dollars of

debt presently there are discussions

about how to replace potentially three

billion dollars of unsecured debt at its

highest interest rate that 11.75 and

there's talk about potentially Morgan

Stanley and other Bankers authorizing a

margin loan on behalf of Elon Musk

against his Tesla stock to refinance

this debt at potentially and this isn't

clear but I'm guessing at about half of

that interest rate now initially that

sounds frustrating for Tesla investors

because it's like hey this is ridiculous

you know again Tesla being used as a

piggy bank but it actually could be

beneficial because if the interest cost

halves on this loan over at Twitter then

it's more likely that Twitter will

achieve profitability

sooner because they're not buried by

this sort of excess interest and the

sooner Twitter gets the profitability

the the faster that Twitter overhang

goes away so actually the layoffs and

this refinancing of debt could actually

be something relatively bullish for

Tesla stock of course it's always

bullish for Twitter investors they're

the ones who made out like bandits in

this in my opinion although I still

think they overpaid initially Elon Musk

might be able to pull something great

off here and I'm very optimistic that if

anyone can do it it's Rocket Man turned

internet man or was it internet man

turned Rocket Man turn internet man

again who knows but folks we have to

also now talk about what I tweeted about

which has to do with a less expensive

Tesla cheers to coffee first

um by the way may I caution you

see that little saucer right there that

looks like it has soy sauce on it right

there yeah that's actually coffee

because if you've ever used one of these

and you go to pour coffee they have this

little suction cup and when you push on

it it it pops and spits I just spilled

again uh it spits coffee on you I

seriously it spits coffee the dangerous

thing is if you pour it onto the coffee

mug and then it pops like that it's not

like a tea kettle where it slowly comes

out it just

oceans out not great neither is the

coffee on my pants now

or am I wearing pants anyway let's go

ahead and talk about this potentially

lower cost Tesla talk so I find this

very interesting so Troy uh on on

Twitter here frequently gives us great

Tesla data data here says that Tesla

needs a compact car in China this chart

from the article today from the CN the

China EV post talks about how Tesla and

byd's market share in Bev's battery

electric vehicles uh is is actually

starting to favor byd now I added

context to this I wrote the average

price of a Luxury Auto in China is 200

to 300 000 Yuan renminbes that's 28 000

to 43 000 like the model 3 falling in

this category whereas the average price

of a byd vehicle is closer to 100 000 I

put a dollar sign there I shouldn't have

one hundred thousand Yuan fourteen

thousand dollars what would a fourteen

thousand dollar Tesla look like life to

this I added a follow-up and wrote in my

opinion a sub 25 000 Tesla would feature

a 20 to 30 kilowatt hour battery 83 to

125 mile range I achieved this by

considering solely that a 75 kilowatt

hour battery in a model 3 travels about

314 miles however a two-door carrying

around a battery that weighs about

one-third as much could actually

potentially get another maybe 10 20 30

percent efficiency because it's a less

heavy vehicle that means potentially a

20 to 30 kilowatt hour battery might

actually be able to get you 100 to 150

mile range or just go with an even

smaller kilowatt hour battery pack go

with like a 15 kV pack now some folks

here 15 kilowatt hour battery pack and

they're like that's insane why would

anybody ever want a battery pack that

small and in America we have this this

like mentality of bigger is better oh we

need all this battery space even though

we don't ever use it like for longer

commutes I get it I hate driving my

tests out of the airport and then I come

back and the thing is almost dead when

that's the problem I had with my model X

I drive 50 miles I park it for a few

days I come back and I have to scramble

to find a charger my new model uh s

doesn't have this issue because it has a

larger battery pack you know I could

charge this thing up to about 350 miles

I can park it at the airport and the

thing's fine also if you turn off Sentry

mode oh my gosh your battery lasts a

whole lot longer when it's standing

around anyway

most of us have this mentality that know

we need more of a battery but the

reality is and it might be the unpopular

opinion but I'm I'm the king of

unpopular opinions because I like to say

things that I believe are true the

reality is most daily commuters do not

need more than 100 miles of range the

national average commute round trip is

53 minutes it's about 23 or 26 and a

half minutes in One Direction uh and and

that would be that would be more than

covered roughly by a 100 mile range

battery pack more than covered by this

and really you could have a standard

model 3 interior with a two-door vehicle

autopilot as an extra and you could sell

a very inexpensive Tesla now some people

immediately got mad at me and said oh my

gosh no we need a four-door vehicle look

that's what the model 3 is for again the

fact of the matter is most people drive

a car alone when you consider that

potentially and I don't know the

statistic I'm going to make this

statistic up all right but I would say

over 80 percent of you vehicles are

being driven alone the next probably 15

percent have two people in it and then

maybe only just that last like five

percent actually has more than two

people in I'm making that statistic up I

do think that would be an interesting

statistic to research and if you

research it and you comment it down

below I will pin you uh you know not

like painfully like I will pin your

comment uh so I think this is very

fascinating and I think there's an

opportunity here a massive opportunity

here for Tesla makes me very bullish now

I do want to remind you that I'm ringing

the bell to the stock exchange tomorrow

at 4 pm at 5 PM we'll be doing a Meetup

in New York City on Wall Street right

outside and there's a coupon that

expires tomorrow December 9th for the

programs on building your wealth with

lifetime access to those programs see

you there hopefully soon thanks so much

goodbye