The TOP is In: Tesla's Stock is about to Collapse.

Well, it's that time again to do a full

analysis on what the heck is going on

with Tesla stock because we are within

$6 of all-time freaking highs on Tesla.

And it is coming because of quote

unquote leaked footage of a Tesla

driving itself without someone in the

car. At least from what we can tell. Uh,

and this makes a lot of folks pretty

dang excited because if we pull up robo

taxi progress charts, the big thing

pretty much on any of these charts that

we see that circulate, there are a lot

of different accounts that track this,

you know, here's uh Jonathan who tracks

this. A lot of different accounts that

track this robo taxi progress. And

what's important to remember is the

overarching key out of all of these

charts, the thing that everybody cares

most about is not whether there are

operator ads or whether there's a test

program or whether it's geoenced or not

or how many cars are deployed. Nobody

really cares about any of this. The

early applications for taxi service or

whatever. What people care all and

solely about is this no safety monitor

because we Americans and even

international folks, we don't want to

drive anymore. We want to sit in our car

and if it's a Tesla, you already know

the feeling. Elon Musk just made it so

you don't you can now text and drive and

FSD will actually work in the latest

update. Kind of incredible. Not

recommending it, just saying. kind of

incredible, especially since people kind

of do it anyway and then they have to

like disengage autopilot and they start

driving with their knee. You know,

Elon's lamented about that before. Like

it'd be safer if people are going to

text and drive to text and drive with

autopilot on rather than off. So, you

know, if that's safer, do we save lives

by just leaving autopilot on? Probably.

Of course, the extreme answer is, well,

nobody should be texting and driving,

but let's be real, like pretty much

everybody does. So, uh, doesn't make it

okay, but it is what it is. So anyway,

obviously the big next step is can we

get to the no safety monitor stage? And

what's gotten a lot of people really

excited right now is this particular

video right here, which uh says, "Just

saw a Tesla with no one in the car."

And this got a lot of people very, very

excited. Now, there are some asterisks

in this. First of all, this video

happens to be posted by an account that

literally has no history. Now, maybe

they just ripped it off of Reddit or

whatever, but they're implying that they

saw this vehicle. And it happens to be

followed by Omar. We're not sure when he

followed uh uh you know this account,

but the point is not only is it posted

by somebody with no account history, you

could clearly see there's a Cyber Truck

right here with somebody sitting in the

backseat of the Cybert truck, you know,

ready to video this. I'm not saying this

is necessarily rigged by Tesla where,

you know, you happen to have a follow

car right behind it, probably with a

kill switch and a Cybert truck right

next to it to videotape it. candidly.

Uh, who knows? Some people say this is

rigged. Either way, the car is driving

itself. In fairness, there's nobody

there and the car is driving itself. So,

like, you know, how rigged can it be? It

obviously is. Now, is it possible if the

weather was ideal and that, hey, you

know, maybe these were perfect

conditions where they got out of the

car, took the safety monitor out, and

did this small test of a segment. Either

way, even that would be great. Even if

these are all Tesla employees and the

Tesla accounts including their chief

autopilot engineers and Elon Musk and

the at Tesla account are all retweeting

this message. Oh wow, look a driverless

car. Who could have ever seen that? It

is a sign of progress, right? You

removed a monitor and there is progress

here. Now how does this affect the

valuation for the company, right?

Because obviously the valuation is what

everybody has a question about,

especially since we really want to see

the stock price keep moving here. I

mean, after all, we did see Ross Gerber

here, right on X, got the new Tesla FSD

update and within 2 minutes of driving

into the sun this, and it's the takeover

error. And then he says, "These cars

can't drive into the sun." To which, of

course, I appropriately and quickly

replied with, "We're not going to the

sun. We're going to the moon."

Anyway, let's talk about that valuation

because there's obviously with Tesla

always going to be jadedness on both

sides of the Tesla debate and we really

got to hit Tesla valuation. And I will

say I should probably also just to make

sure this is a thorough recap of what's

going on with Tesla. I should probably

also just briefly mention what Susie

Wilds apparently had to say about Elon

Musk. And um I I kind of think it's not

a surprise. It actually kind of is

probably good because this is what we

think about Elon Musk anyway that he's,

you know, an excessively hard worker.

But you're going to hear these comments,

so I may as well address it and then

we'll get to the fundamental valuations.

So in Vanity Affair, apparently the

Vanity Affair reporter has been talking

to Susie Wilds for a while uh about

various different people. She says that

Trump is like an alcoholic, although you

know, supposedly he doesn't drink, just

that his personality gets really

enhanced like all the time. Uh, and you

know, she was upset about tariffs. She

was upset about Pam Bondi's handling of

the Epstein files. But this was

interesting to me. It was that Elon Musk

is a complete solo actor. Well, we kind

of know that, you know, we we know that

Elon is uh basically like, you know, if

anybody's going to get it done, it's

going to be him. Now, she goes on to say

that he's sort of like a jacked up

vampire, kind of implying that he

doesn't sleep because he's on drugs all

the time, which she does go on to

literally say, "The challenge with Elon

is keeping up with him." She told me

he's an avowed ketamine user and he

sleeps in a sleeping bag in the

executive office building in the

daytime. He is an odd odd duck. I think

geniuses are, you know, it's not

helpful, but he is his own person. She

bagged on him for how quickly he shut

down USAD. Uh she thought there was a

better approach than just going in and

firing everybody and locking people out

of their offices, especially since

immunization programs being halted in

Africa would lead to the death of many

people in Africa. Which of course then

you get people on the other side of

they're like, "Why are we immunizing

people in Africa?" And the people on the

other side say, "Because that's called

diplomacy, so we could put the US label

on it so hopefully we breed fewer

terrorists in the world." You can make

arguments in many different sides, but

this is a freaking Tesla video. Okay, so

anyway, Elon's attitude is you have to

get it done fast. If you're an

incrementalist, you just won't get the

rocket to the moon. And so with that

attitude, you're going to break some

China. But no rational person could

think the US ID process was was a good

one. So Susie kind of has some not great

things to say here about Elon. It's kind

of like not great, not terrible. Kind of

like the economy right now. Like not

great, not terrible yet. Hopefully we

kind of keep staying up. Uh and and I

don't really love where Axios is going

because I do think this creates some

risks in 2026 that if Elon Musk is going

to get back into politics, I get nervous

because we've had some really negative

price action uh in Tesla. The last time

Elon got into politics. Remember pre uh

liberation, Elon got into politics and

what did it do for the stock. It's like

when Elon's not involved in politics,

this stuff goes to the freaking moon. I

mean 480. This is freaking awesome. Uh

but you know what happens if we go over

here to oh Elon's going to get into

politics like after the first one month

rally of us hitting all-time highs when

he actually got into starting working at

Doge. This crap went all the way down to

$218,

man. That's like a more than 50%

decline. I mean, gorgeous breakout over

here off of $347 on robo taxi progress

is why we had this breakout over here.

Really awesome breakout. Now, we're in

no man's land on a technical basis. We

have all-time highs to cover. Uh, and

that's it. Uh, you know, with which

we're within, you know, now 10 bucks of

during the recording of this. But that

said, you know, seeing Elon potentially

get back into politics, I'm not really

happy about this, right? Like Elon Musk

has begun funding the GOP's House and

Senate campaigns for the 2026 midterms.

He just can't stay away. Uh Musk, who

threatened to launch a third party and

support challengers to Republican

incumbents during his dispute with

Trump, is now firmly back on the GOP's

plan. basically to maybe try to get back

in the favor of of Donald Trump, he's

got to now spend more money to uh uh to

to pro prop up the Republican party. Uh

so I don't love hearing that. You know,

at the same time as obviously I don't

love hearing that people are walking

away from electric vehicles and I get it

like you know I think the first people

who bought electric vehicles, myself

included, uh were were kind of the easy

wins. You know, I bought first time I

bought an electric vehicle was back in

uh in 2017 all electric and I had a

hybrid before that. You know, the Prius.

Uh y'all have Okay, I shouldn't say it.

I shouldn't do the dad jokes, but

anyway, uh you know, the Tesla's right

now announcing that they want to move

battery production to Germany. I'm

literally getting this across the tape

right now, creating conditions at

Gigafactory Berlin Bradenbird to produce

up to 8 gawatts of battery cells per

year starting in 27. Uh uh this is the

end. To this end, we are investing

another threedigit

million amount in battery cell

production. That's a weird way to put

it. So many hundreds of millions of

dollars going to battery cell production

in Germany. Okay, that's fine. So like

you know what what like where do we

stand with politics being a negative now

for Tesla? Where do we stand with the

valuation of this company? And you know,

really, is it reasonable that people are

walking away from electric vehicles? I

mean, you've got the European Commission

pulling back on their 2035 targets to

phase out ICE vehicles. Now, we're

extending those, basically allowing

people to, you know, focus on hybrids

longer term. Ford is going into hybrids.

Remember, the last executive at Toyota,

Mr. Toyota,

got booted out of Toyota because he said

hybrids were the future. and everybody

laughed at him during the Tesla boom and

they're like, "Yeah, right, bro. You

guys are just pissed. You're so behind

at Toyota." Now, Toyota has a very

reliable car. It's a fantastic vehicle.

Like, if I had to buy a car, you know,

if if there was no FSD. If I had to buy

a car, I would buy a Toyota all day

long. Uh, you know, assuming I didn't

need like the practicality of like a

sprinter van or something, you know,

which which I also had to buy. Uh, but

then again, I got a lot of children. I

seven children. But anyway, like there

are maintenance issues that create some

problems at Teslas. You know, I wrapped

my Cybert truck. I love my Cybert truck.

I wrapped it and we take it into service

and they're like, "Oh, we need to take

these panels off because they're

recalled." And we're like, "Yo, what the

hell? We don't want these panels off

because if we take the panels off, then

we're going to have to go take these

back to LA to get them wrapped uh by uh

you know, by by the rap company just for

that stupid part." It's like just leave

it on and they're like, "Oh, well, it's

going to fall off. You know, it's a

recall piece." It's like this is a pain

in the ass. You know, those are the

somewhat the quality things that

unfortunately, you know, people do

lament about and and they are legitimate

issues that we're kind of concerned

about when it comes to uh Teslas. Now,

uh Toyota is going to have its own

problems, too, but maybe not as many.

like something that's been really

driving me nuts lately and eventually

I'll get it taken care of. But my Tesla,

the back trunk leaks when it rains. And

it turns out that when they installed I

I filmed this on my glasses, so the

footage isn't that great. I've got a

rack on the back, you know, like the

cyber rack or whatever. It's fully

wrapped. It took forever to install

this. The Pelican case on the top. See

that right there? That's a whole seal

section that's missing at the back of

the tunnel cover. So, when it rains, it

just rains right into there, which is

really annoying because I had a it was a

little bit of a mess, but I had a bunch

of junk back here uh in the trunk and uh

you know, I was I was looking at some of

the stuff that I had back here and I

just had some miscellaneous Lowe's bags

and stuff. All of them were soaked. I

think when I picked up this right here,

look at this. You could actually see uh

let's just kill volume there for a

moment. You can see if I just sort of

poke it, my finger goes right through it

because it's all wet, you know? So, I

have spent a lot of time kind of

customizing this to where I have a lot

of practical real estate things like my

ladder is tied up on the right over

there. I keep things in the back here

like spare face plates and smoke

detectors and things just so when I go

to rental properties I can easily drop

them off because I always need like one

extra face plate or a Sharpie or blue

tape or whatever, right? And it's really

annoying. So, I always like to keep it

back there. But, it all got soaked cuz

it got rained on. So, you know, there

are some service complaints and and like

I'm not really happy with our local

service center. And then I promise I'm

going to get in the valuation. You know,

we bring the car to the service center.

They're like, "You need to empty all the

trunk." So, we drive it back, round trip

for an hour, empty the truck, go back,

and then they're like, "You actually

need to remove the whole rack." And

we're like, "What's your freaking

problem? We just U-turned for an hour

for you to tell us that." Like, get your

act together. And so now, you know, it's

going to take eight man hours to

uninstall the whole rack just to fix

their dumbass problem. But whatever, it

is what it is, right? Those are just I

think the things where people get

nervous about being those next adopters

of new products because the Cybertruck's

obviously a newer car. Although I will

say when I got the Model X in 2017, it

also leaked and it was also missing a

water seal. So maybe shame on me, right?

Fool me once, shame on you. Fool me

twice, shame on me. I actually made a

video back in 2017 of my Tesla leaking

cuz they forgot the rain seal. It's

crazy. like full circle, right? But

anyway, all that aside, let's actually

talk about the fundamentals

of this. Somebody says, "Kevin, just

park it in the garage." Okay, I don't

have a driveway, okay? Like I I I don't

blow money on houses other than

investments. I spend more money on

rental properties. Well, House Act does

at this point, you know, that's not me.

Uh but uh we spend collectively more

money on rental properties than we do uh

uh certainly on ourselves or anything,

right? And that's how it should be.

We're big fans of investing and buying

the dip. We like fixed upers. We're

ending our fund raise for house hack at

the end of the month. But anyway, let's

actually get fundies here on Tesla. So

when we go into the fundamentals of

Tesla, at least we have fundamentals,

unlike this 21 Capital scam. I don't

even know why I still have this up.

Let's close this down cuz that's a real

scam. But let's focus about on Tesla

here. So, first what I'd like to do is

I'd like to analyze the margins going

back to their second uh to last earnings

report. And we're doing that because we

didn't get the $7,500 boost of

expirations, right? And there's some

really important takeaways when we look

at the fundamentals here. So, first,

we're eventually going to lose all of

these automotive regulatory tax credits.

We know that we have gross profits of

about 14% on vehicles less regulatory

credits. That's actually not bad. like

we are contributing to gross profit by

selling cars. I make the argument that

this company is a $500 million car

company. Uh sorry, $500 billion. I did

it again. $500 billion car company and a

$1 trillion startup. And you'll see why

in just a moment. But overall, your

pricing power was actually relatively

stable going into Q2 on a gross profit

level. And vehicle gross profit was

relatively stable. Uh, and that's

excluding the automotive regulatory

credits, which is great because then

when we went into Q3, we we also got a

nice pump because automotive sales were

able to skyrocket

because of that expiration of the $7,500

pump, right? Which is great. Gross

margin for autos actually increased

slightly uh into the third quarter from

the second quarter, which is fantastic.

It's still doing it over here. Uh and if

we look at January, and these are sort

of like some of the headwinds we have,

we have to know that we are going to go

into a period of time with fewer tax

credits, a potential $170 million crypto

hit. That's why we were searching for

crypto is because we have about $720

million of Bitcoin as of September 30th.

But Bitcoin was trading for about 140 or

$14,000 per coin then. Now we're sitting

at 87587ish.

That's a loss of about $170 million. So,

we're going to see a decline from fewer

credits, so likely lower sales, a crypto

hit, and likely lower cash flow. Now, I

don't actually think it's possible for

our gross profit to go negative. Some

people like the Mly Fool did an argument

about how I, you know, they said

something about sales going negative and

like gross profit whatever. I don't

think it's possible for gross profit to

go negative because frankly if you look

at the gross profit on vehicles we're

actually only contributing about $3

billion of gross profit uh or about $3

billion of that five is coming from car

sales which means even if car sales went

to zero they would still be gross

profitable. So there's really no chance

of them going negative on a gross profit

side. But yeah, dude, their net income

is going to get hit if their net income

uh falls uh you know by 500 mil.

Wouldn't be a surprise to me. You know,

if we get a decline of about 1/3 20% to

about 1/3 somewhere between -20 to - 33%

in car sales. The worst thing that's

really going to happen here is we're

going to see free cash flow go negative.

And free cash flow is important to look

at. So the last free cash flow report

was great because we had the expiring

tax credit. We had like $4 billion of

free cash flow. Phenomenal. That was

over a 9-month period. If you divide

that out, works out to about 1.3 per

quarter. Even if you said that was all

because of that one quarter, we really

have to cast that out as an anomaly

because of the expiring tax credits and

the rush to buy Teslas. So that's why I

have the 2Q report here, the second

quarter report here. And if we look at

free cash flow, uh, and you subtract out

the tax credits, you're really only

sitting at about $400 million of free

cash flow per quarter at Tesla. Now, out

of MAG 7s, it's kind of crap. But that

makes sense cuz they're a manufacturer.

They're building, you know, some people

call them the the world's vending

machine, right? So Google has free cash

flow in one quarter of 18 billion.

Nvidia 21.3 billion, Apple 24.7 billion.

Even if Tesla kept 4 billion, they would

still be the stepchild of free cash flow

in the MAX 7. So free cash flow lags

substantially at Tesla. This means we're

not really driving Tesla's valuation on

the basis of cash flow. And that should

be obvious at this point because if you

look at a PEG or price toearnings growth

ratio at this company, of course, we're

not valuing Tesla based on their old

numbers. And these are based on forward

earnings, by the way, for the end of the

year. And then looking at about a 42%

growth rate for Tesla on EPS over the

next four years, you're looking at a PEG

ratio for Tesla of 6.7

6 bullish moon. [laughter] Anyway, it's

really high on a price toearnings growth

basis. Now Nvidia's price to earnings

growth basis is 1.5 and Google's is 2.2.

And so if you actually look at this as

on like a price to earnings growth

basis, this suggests that Nvidia has 71%

upside. Google has 18.6% upside and

Tesla as a manufacturer actually has

75.4% 4% downside

and 60% downside if you value them as a

service provider rather than a

manufacturer. See the upsides here I

calculated at a peg of 267.

Manufacturers I calculate at 167. That's

where I get my math from. Right? These

are the we break this down every day in

the course member live streams uh in our

um alpha report. If you're not part of

that yet, make sure you join atmeke.com.

It's where I upload these financials as

well, so you can uh get the sort of

history of them. But, uh, obviously, you

know, Tesla's not going to be valued off

free cash flow. Tesla's not going to be

valued off their PEG ratio, and they're

certainly not going to be valued off of

their net income margin. Tesla has a net

income margin in the second quarter of

5.29%.

That actually worsened in the third

quarter. We got to a net income margin

of just 4.9%. That means only $5 out of

every $100 they make is actually going

to net income.

Unfortunately,

Nvidia as a comparison has 55 cents out

of every dollar coming to the bottom

line and Google has 29 cents coming to

the bottom line out of every dollar. Uh

Apple's somewhere in the high 20s.

Microsoft is in the 30s. You know, these

companies are bringing a whole lot more

on the mag 7 basis in Netflix is another

one. They bring a whole lot more to the

bottom line in terms of free cash flow

and EPS. So why the hell is Tesla at

all-time highs? Well, it's because this

is a trillion dollar startup. That's

what you have to understand. This is the

pump factory. I'm not saying it's bad.

We're just saying it is what it is.

Okay. So Tesla's pump factory. Let's

understand this. This is the pump

factory. So suggesting that Tesla

shareholders could get early access to

the IPO for SpaceX. I made a video, you

can check it out. It is uh just type

into YouTube meet Kevin SpaceX 10X or

whatever. Uh and you'll see the video.

Uh in it I talk about how my venture

capital company has invested in SpaceX.

You know, we're probably a three or 4x

on that investment. We've also invested

in Aptronic, which was a robotics

startup that was about to go bankrupt.

Uh and now they've like four to 5xed

also, which knock on wood is great. uh

and they're doing really really well

right now. But if you look at those,

those are both private startups.

Tesla is basically a public startup. You

don't have to know a banker at Morgan

Stanley to get access to these. You

don't have to uh fly on your plane to

visit Appronic and sit down with the CEO

of the company and basically go, you

know, if you guys don't get this money,

you guys are effed and how can we help

you, right? like that's what I did as

well as a venture capital person. I sat

down with the company's executives and

decided to make the investment, right?

Uh so like with Tesla, you don't have to

do that stuff. You don't have to hop on

a plane and do those things. You just

swipe up on Robin Hood and what do you

get? Well, you get potentially this idea

of early access to SpaceX. you get uh

this uh um you know no driver enthusiasm

for robo taxis and maybe the cyber cab,

you know, the spotting. I think it's a

little bit of a stock pump. Okay, we

know bad news is coming. Elon getting

back into politics, the valuation is at

all-time highs. The stock is at all-time

highs and the numbers aren't that great.

The free cash flows, the net income,

none of those things are that great. You

know what is nice is they do have cash.

I will give them credit for that. We've

got free cash of $18.7 billion. Don't be

confused or misled by people going,

"Kevin, you have 40 billion in cash, but

you got to take off the bills." Okay? If

you have $100 of bills and $120 on your

desk, you really only have $20 of free

cash, right? Tesla's got about two to

three years of free cash, even if they

started losing money on free cash flow.

So, I don't think that them going

negative free cash flow is that bad. I

do think the loss of the $7,500 tax

credit, the 0% APR financing they're

doing on the new Tesla at 399, which I

think is overpriced. It should be lower

than that. Uh I do think that the

Bitcoin loss that they're going to

suffer uh will will show up in EPS.

They're going to take that loss. Uh in

their margins are probably going to

compress on autos, right? Like all those

things are negative tailwinds, but

that's the $500 billion part of the

business. The trillion dollar part of

the business that people want is the

Optimus robot and the potential that

this could be a robo taxi company.

That's what people want. People don't

want to hear anymore about, you know,

how Whimo is winning because they have

LAR sensors and they cost way more. This

is old news. We already know about this.

Rivian tried to slam Tesla. Did you hear

the slam? I mean, let's let's look.

Rivian pump, by the way, at least

somewhat on this. I mean, the stock has

sucked, right? Tesla's at all-time

freaking highs. Rivian is basically at

all-time freaking lows. Not quite.

Alltime lows were $8 or $17, but they

were once at $180. I remember shorting

them over here. Uh, we talked about that

in our course last, too. But anyway,

they had this big pump because they have

this autonomy day and they're basically

full U-turning the pump. Now, what did

they say in the pump? Well, what they

said during their autonomy pump was

lidar, baby. Here it is. Oh, sorry. I

meant to expand this for Sorry. This is

like our whole reinvest course. This

isn't even all the videos. I did a whole

new course in the Me Kevin membership

for all the course members who were in

there. It's like 4 hours or whatever.

Um, but anyway, I I saved this clip from

Rivian. So, let's play this portion of

their um their autonomy day here. And uh

this is the part where they get applause

and the stock pumps a little bit, but

any Tesla investor is just going to roll

their eyes over this. But let's listen

to what they say and how they try to

slam Tesla indirectly, kind of directly.

>> The LAR,

[applause]

>> are your eyes rolling yet?

>> Told you your eyes would roll. The LAR

is an optical sensor, but its strength

comes from the fact that unlike the

camera, the LAR has an active light

source, enabling it to see it much

better in the dark. Another advantage of

the LAR is that it can provide a

three-dimensional view of the world,

unlike cameras, which we know provide a

two-dimensional view, requiring the AI

models to infer the depth, which they

do, but with a lot less accuracy.

>> Okay, so there's a point to this. The

point to this is Ross Gerber's problem

is could potentially have been solved by

LAR. You know, people bag on on Ross a

lot when it comes to Tesla, but I think

he actually makes valid points. The fact

that his windshield was dirty, in my

opinion, didn't really have anything to

do with the fact that the car, uh, which

has forward- facing cameras and side

cameras, has trouble seeing in certain

light environments. The lady's probably

right. The inferences that you have to

make with a camera are going to be less

accurate. We know this. Nobody really

cares who's investing at Tesla, though.

you know, nobody really cares about this

or the windshield dirty this that or

whatever, you know, and obviously we

could joke about we're going to the moon

or not the sun, but Rivian's probably

right. You could probably get better

accuracy with the lighter, but the

question is, do we need that better

accuracy? And that's that's the bears

versus the bull debate on Tesla. Tesla

bulls say we don't need it. We have

enough accuracy. The car can drive

itself without LAR. And then of course

you have uh the the uh flip side that

says why don't you just use Nvidia's

neural nets for autonomy. Well maybe

because Tesla has way more data but why

not just use Nvidia's neural nets which

can then you know put all of this

information together. And I will say I

can somewhat corroborate which I just um

caught up a few days ago. I don't know

if like better sensor data would have

fixed this but this was a little oopsy

dupsy that I had to take over on. I

mean, not the end of the world. Stuff

like this happens, but this is the kind

of stuff that really needs to stop

happening for us to go uh, you know,

fully autonomous comfortably. This is

version 14 on the Tesla Cybertruck from

uh, Sunday, December 14th. So, that

would be 2 days ago. So, um, this was

the forward- facing shot of my Cybert

truck.

And I'm on autopilot. And you'll see

right here this lane is going to come to

an end. So you can clearly very clearly

see uh the arrow right here and I have

to take over. So once we you know start

going to the left I end up taking over

uh cuz I'm like this is lame. But

anyway, I'm on autopilot to go you know

follow basically this blue car because I

don't want to drive into this

neighborhood. I want to go home. Uh, and

uh, the car kind of totally misses. Two

arrows, three arrows, and then it

decides to jump over into the right lane

over here, which is a right turn only

lane, even though the nav is set to go

straight, right? So, like, you know,

would other sensors help this? Is this

just more training? I don't know. It

never used to do stuff like this. So,

and I think that's one of the

frustrations that some of us see with

FSD is that we're kind of sometimes it

feels like going two steps forward, one

step back. And it's kind of like, all

right, when are we going to be done with

the one steps back? Like, this is kind

of getting exhausting. Like, I don't

want to go one step anymore back. I just

I just want to go forward.

But, you know, I think we're making

decent progress. And the more of this

progress we make, the closer we can get

to, well, frankly, having fully

self-driving cars. Are we there yet

outside of kind of like a rigged demo?

Probably not. You know, we probably

still have some work to do with that.

Uh, is there always going to be a

complaint amongst uh, you know, the

service uh, for Here, I'll show you my

Tesla uh, and and some of my my rigging

around it. Is there always going to be a

complaint about service? Honestly, yes.

You're going to have that kind of

complaint for any manufacturer, whether

it's a Lucid or Riven. Like, you're

always going to have manufacturer

issues. Uh it's just the question is

what what is the incidence of issues you

know the leaking car and the service

around that frustrating because look at

the car right so this is my cybert truck

I put a lot of energy and time uh into

this this rack is very frustrating

because it's so tight to the glass right

here that you worry about breaking the

glass. It's very hard to uninstall this

and reinstall this. The I got the uh uh

Starlink installed right here. It's

fully wrapped. They're telling me this

is the panel that needs to be removed

and it's going to destroy the wrap

because that's recalled. Uh the back of

the car leaks, the tunnel cover. I'm

like this is, you know, those are just

the frustrations of buying a, you know,

December 2024 Cybert truck. So, I asked

Gemini to solve the problem for me. This

is how Gemini solved the problem of my

leaking trunk.

>> [sighs]

>> So, I guess with that said, that's my

full breakdown of what's going on with

Tesla. The valuation is a big fat risk

factor. We know that uh we know that

Elon getting back into politics is a

risk factor. We know crypto is going to

be a negative EPS. Wall Street is

guiding for positive EPS uh next, you

know, this quarter. They're looking for

1.584

billion of net income on the adjusted

basis. Uh and so, you know, there's

there's just some, you know, something

to be desired on those numbers. I think

uh I think we might have a miss on those

earnings. Uh and it would be reasonable.

I think most long-term investors would

anticipate that. Uh I guess I would say

like if I wanted more exposure to Tesla,

I I would certainly wait for a dip to

buy more than sort of hop on the

bandwagon, especially with some of the

larger issues that we have in the space

of private credit or otherwise. Uh but u

with all that said, hey, you know, if

you want to invest in my real estate

startup and our uh AI release, go check

out househack.com or reinvest.co. It's

the same company. Our fundra is ending

at the end of the month. And uh we'd

love to have you. If you do click the

invest button, you could also buy the

lifetime access to our AI. Uh but if you

do click the invest button, uh remember

that you get uh a 5% yield through the

conversion of the stock paid out on a

monthly basis. You get all the upside in

the stock, real estate backed, invest

with credit card, a wire, no fees to

invest. I don't recommend obviously go

into debt and obviously read the

authoring circular. I'm personally very

excited about what we're doing with uh

with our artificial intelligence. Uh

it's made a huge gamecher to uh our our

Q4 income already and we expect uh

that'll continue as uh as we keep uh

releasing [music]

uh features for this app. Anyway, thanks

for watching.

>> Why not [music] advertise these things

that you told us here? I feel like

nobody else knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Pra there, financial analyst and

YouTuber. Meet Kevin. Always great to

get your [music] take.