Elon Musk LASHES OUT [Tesla & Twitter].
FULL TRANSCRIPT
my gosh you won't believe how Elon Musk
is now saying he's lost faith in
humanity because of somebody who's
trying to publicly out Elon who works at
Twitter or should I say worked at
Twitter and oh man stay tuned for this
two parts in this video first Tesla
update then Twitter wow this is nutty
all right now we gotta talk Tesla and
Twitter and some of the craziness that's
happening out there so Tesla just
slashed the prices of the model S and X
by five thousand dollars and ten
thousand dollars respectively so that
means 5K on the S and 10K on the X uh
the model S and x and and keep in mind
there's a lot here we're going to talk
about byd and we're also going to talk
about some Insanity happening at Twitter
but you've got the Tesla Model S and X
now receiving the best resale value uh
within a group of 28 us 2023 models
receiving the best resale value award
that's fantastic for Tesla some of those
that ranked in the high ranking things
were number one the Toyota Tundra number
two uh the Toyota Tacoma which tied and
then I suppose second or third place
with the model X then you add other
models like the Ford Bronco the Corvette
the Toyota 4Runner Honda Civic Ford
Maverick Subaru uh gorse I don't know
what that is and the Jeep Gladiator uh
anyway the top 28 models
pretty pretty broad I mean I think it's
pretty easy to fall into the top 28
models uh so I'm not like super jazzed
about Kelly blue books uh argument here
that hey these are cars with the best
resale value but it is cool that the
model S and X were featured in it
notably the model 3 and why were not now
I find that interesting because at the
same time as uh these these ratings are
coming out and you're seeing these price
Cuts over at Tesla you also have Tesla
in talks still with Indonesia about
potentially building a factory uh in
Indonesia now this is according to
Reuters Reuters just reporting that EV
production incentives are being
increased in Indonesia they're not
spending it terribly a lot of money on
sort of these incentives so it's
probably just politically motivated to
try to encourage other manufacturers to
come to Indonesia for example Reuters is
talking about how up to 200 000
motorcycles and 35 900 electric vehicles
are going to get small incentives to Inc
increase EV adoption they're also
providing around 457.82
stimulus money to individuals to convert
gas vehicles to EV or hybrid I have no
idea how 457 dollars is going to do that
but in that same vein a Reuters is
reporting that Indonesia is still
working on finalizing negotiations with
Tesla to potentially build a factory in
Indonesia there is a large amount of
nickel in Indonesia so we know that
Tesla wants to get closer to raw
materials but then again we also know
that Tesla is trying to stay away from
nickel based batteries and believes that
nickel-based batteries might only end up
being important in the future for a
really long-range vehicles or even
planes and a potentially for cars we
don't actually need nickel-based
batteries so it'll be interesting to see
if Tesla does end up in manufacturing
any kind of or building any kind of
manufacturing plant in Indonesia keep in
mind Elon Musk is really anti the idea
of copy and pasting factories that is
something that I've been calling for for
over a year but I'll take the L on that
one Elon Musk seems much more interested
and what in basically doing customized
style factories around the world where
maybe in Mexico and Northeast Mexico
where we're still waiting on permits for
that development to begin but the
politicians are pretty much you know
like you know like super excited about
Tesla coming you could say some um some
inappropriate things about how excited
they seem to be about Tesla coming but
let's just say they're rolling over to
do whatever Tesla needs so I expect
Tesla will be getting those permits very
quickly to manufacture a uh potentially
next-gen vehicle manufacturing facility
in Northeast Texas now what's also
interesting is uh Elon Musk is uh
getting a little bit of heat hi Jack you
want to come say hi Elon Musk is getting
a little bit of heat for what's going on
at a Twitter come on in here say hi did
you just wake up little guy
oh you heard me because I left the door
open I hope I didn't wake you sorry no I
didn't all right
okay you're gonna go over to Mom's that
deal thanks dude for coming in
we'll see you later you can hang out if
you want anyway so um oh another thing
to know is I read uh sometimes I like to
read the South China Post and oh careful
clicking stuff uh what I really like
about the South China Post is even
though we know it's probably super
biased because well it's basically
Chinese state-controlled media right one
of the things that I think is really
cool is take a look at this what they
say in this potentially state-controlled
media over here China's two sessions a
2023 anyway uh it says here outgoing
Premiere vows quote even greater
business opportunities for foreign
investment and what you see here is
while acknowledging that external demand
will remain relatively weak China is
signaling its intent to better integrate
global trade and enhance China's appeal
to foreign investors and at the bottom
of the article here it talks about how
they want to facilitate the launch of
landmark foreign funded projects kind of
like what happened with Tesla giga
Factory Shanghai which is one of Lee
Queen's major achievements during his
term in Shanghai whether more projects
like this will be launched is something
we should look forward to so look at
that for example you basically have the
South China Post here talking about how
China wants to be more open economically
to capitalism it reiterates what
president Xi Jinping says about China
that hey we want more foreign direct
investment in China and in the Chinese
propaganda papers they're basically
saying hey you know what a great example
a foreign investment is Tesla so they're
actually propping up Tesla a lot of
Tesla investors have been concerned that
there's a possibility Tesla might end up
getting sort of restrictions placed onto
Giga Shanghai because Xi Jinping is
basically fighting the United States and
there's some combativeness between the
two countries here regarding party
sanctions or or trade restrictions chip
restrictions whatever so a lot of Tesla
investors are worried crap you know what
does that mean for Tesla uh if if Xi
Jinping could probably just flick his
fingers or snap his fingers and put
limitations on Giga Shanghai in fact
there are already some limitations on
Giga Shanghai Giga Shanghai potentially
wants to double from a million vehicles
per year to potentially 2 million per
vehicles per year but you're actually
seeing some restrictions being placed on
that expansion so this could be China
just talking out of both sides of its
mouth but let me put it this way out of
a bottom line on China and Tesla I
actually think it's phenomenal that
China is bragging about Giga Shanghai
because it means that if Giga Shanghai
ends up getting the middle finger from
China you're going to have even fewer
American countries one or companies want
to trust in China to invest in China and
it's one of the reasons I think you're
seeing companies like Foxconn apple and
a lot of companies starting to invest in
countries like India and Indonesia
instead because they're worried about
China so China really has a lot of
damage that they need to repair for
their reputation if they really want to
double down on this idea of let's get
more foreign direct investment into uh
into China and that's why you're seeing
a lot of attention on Indonesia and
India right now India potentially being
that place where people think that per
capita income in India could 10x
Thailand is also getting a massive boost
57 billion dollars going to EVs and
smart Electronics by 2030 they believe
they think in Thailand they're going to
create 625 000 new EV jobs and boost
productivity massive priorities byd is
looking to also increase Manufacturing
in Thailand on top of that uh Traders uh
over at byd are looking at byd trying to
diversify away from China especially
since reports are now out that dealers
are cutting prices at byd after Tesla
cut prices then expanding Neo cut prices
and now apparently buid is cutting
prices and their margins are already
really tight they take maybe three
percent to the bottom line and if they
cut prices three percent people like how
is byd gonna make any money now byd
issued a statement on this and they say
hey look those are Distributors
promotional discounts those are not
Official Cuts from byd says byd the
Chinese media is reporting that hey you
know what byd is slashing prices so
you're kind of seeing excessive price
Cuts throughout the entire EV industry
potentially to re-jigger demand you're
seeing a lot of fear right now in byd
pricing the stock pricing which is
lagging Teslas particularly because
people are worried about a lack of pp or
a lack of pricing power that uh byd
might end up having so you're seeing
some massive movement over here at uh
byd and how the stock is trading solely
because of these price Cuts so and
that's all thanks to Elon Musk right
Elon Musk well I mean it would have
happened anyway probably but Elon Musk
starting potentially this price War
initially a lot of people thought oh byd
will be insulated yeah oops nope not
likely now who else is not insulated and
I think this is really interesting is
what's going on at Twitter let's talk
about some of the craziness that's going
on at Twitter because there's talk about
bodyguards going into Twitter bathrooms
with Elon Musk let's talk about
Twitter's profitability still being a
little bit of an issue we're going to
look at exactly that I do want to remind
you that of course I've got amazing
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employees looking to increase their
revenue and decrease their taxes but
let's jump into this over here this is
Twitter's Revenue adjusted earnings
apparently fell 40 in December according
to to the Wall Street Journal this is an
update in an update to investors Twitter
reported a decline of 40 percent
year-over-year Revenue now this is
different from in November when we were
looking at year-over-year numbers it was
potentially as bad as a 90 decline in
advertisers actually spending money at
Twitter so it seems like things are
getting a little bit better at Twitter
but you're still having some insane
firings happening at Twitter which is
creating a lot of fear over at Twitter
that the worst is not over yet what
you've got over here is musk purchase of
the company with annual interest
payments estimated at more than one
billion dollars in just interest
payments now they did make their first
interest payment already
but what's worth noting is that the
company is saying some advertisers are
reporting to the platform and the
company expects to break even in 2023
but the interest payment at Twitter is
probably hitting a rate of somewhere
around 15 for the interest paid over at
Twitter you also have a company that's
gone from about 8 000 employees to about
2 000 employees so massive massive Cuts
over at Twitter now on one hand more
cuts that Twitter is good for Tesla
investors because obviously Tesla stock
was the piggy bank that led to the
acquisition of Twitter for Elon Musk the
piggy bank continued to be broken to be
able to fund losses at Twitter according
to the Wall Street Journal more losses
are occurring especially since revenue
is uh has is basically down 40 percent
now that's a problem now if expenses can
be cut substantially that's fantastic
because Twitter wasn't even profitable
before Elon Musk took over which is a
problem
but let's just say
if we can get a decline in advertising
from somewhere around maybe 80 to 90
percent when Elon Musk first took over
in October to just a 40 Decline and
staff is cut somewhere around 70 to 80
percent maybe maybe we can indeed get to
that path to profitability now remember
Elon Musk promises uh and it's just a
promise so he could u-turn on it that he
should not have to sell more Tesla stock
in 2023 hopefully he doesn't have to
sell more Tesla stock in 2024 uh but you
know he's leaving open the idea of
having to sell Tesla stock again in
2025. that has also led to a massive
increase in the number of people who are
actually uh buying especially retail
investors who are buying Tesla stock the
number of retail investors buying Dazzle
stock has exploded last year we put in
about 15 to 17 billion dollars of huddle
stock as retail investors this year to
date by March 7th we've already put in
about 13 billion dollars of huddle money
it's insane absolutely insane another
thing that is insane is a take a look at
some of these reports that we're seeing
uh going on uh over at Twitter so first
thing we're going to do is look at this
tweet storm over here here you've got
somebody writing dear Elon Musk nine
days ago the access to my work computer
was cut along with 200 other Twitter
employees by the way one of those other
200 Twitter employees in 2020 beat me on
buying one of those Full House homes in
San Francisco if you actually type into
YouTube meet Kevin Full House home
Painted Lady you'll see me walking
through and analyzing the deal I'm
really glad I didn't buy it because I
would have gotten sandbagged with it
during covid and run through all the San
Francisco politics that go into
Renovations but one of the Twitter
employees who sold her company to
Twitter ended up also being part of
these 200 employees that just had their
access to their computers turned off on
Saturday and just this week are finding
out that they got fired now what's
really interesting is this tweet storm
and the way it sort of breaks down look
at this nine days ago access to my work
computer was cut along with 200 other
Twitter employees however your head of
HR has not been able to confirm whether
I'm an employee or not you've not
answered my emails maybe if enough
people retweet you'll be able to answer
me here well let's get it ended up
getting like 15 000 retweets and this
person ends up trying to tag Jack and
other people Elon Musk ends up replying
listen to this Elon Musk replies with
what work have you been doing and he
replies hey well I'll need to break
confidentiality to break that question
or to basically tell you what I've been
doing here and Elon replies it's
approved you go ahead and so the
individual replies uh among other things
let an effort to save about 500 000 on
one SAS contract supported by close
supported closing down many others
really sounds like a lot of cost cutting
going on led the prioritization of
design projects across the country to
make sure we were able to deliver with a
small team
okay so you prioritized what you were
working on okay got it lead design crits
to help level up design across the
country or that's our country company
okay I don't personally know what that
means design crits but then again I'm
not in that world was a hiring manager
for all designed roles okay well I don't
think Twitter's hiring right now so
that's probably not a good thing worked
on efforts to steer the company away
from focusing power on users uh focusing
on power users and onto younger users
because our user base is aging and I
thought that was really interesting
suggesting that the Twitter user base is
getting older so let's move away from
Power users and focus more on younger
Twitter people
okay uh I could go on am I allowed to
talk about how the company has operated
since you took over now this is kind of
like dangerous and risky to say that
because you're kind of like talking to
the boss like hey can I like basically
publicly potentially talk about how you
suck as a boss uh and then also the
original question can we talk about that
as to whether I'm not I'm still employed
and then he actually updates his tweet
to say uh the HR manager actually did
just miraculously reply so I finally
have confirmation that I no longer work
at Twitter the next question is how you
will make sure I get paid for what I'm
owed per my contract okay let me first
say if you're going to try to publicly
out your boss about how you're upset
that your access has been disabled and
you're complaining about how basically
your job was hiring people and leading
teams that potentially don't exist
anymore and you're curious about whether
your job still exists I understand maybe
you some more clear-cut communication on
Saturday would have been nice rather
than your computer just getting shut off
but uh what's pretty remarkable here is
this Con this suggestion that okay well
how are you gonna make sure I still get
paid per my contract like if I was
somebody looking to hire someone in the
world of tech and I'm like hey maybe
you're a great worker at Twitter but
you're no longer needed I guarantee you
I would not hire or this person for the
attitude here like look the first one
the first one I don't blame you okay you
didn't hear back so it's like hey man
like maybe people can help me out on
Twitter totally fair game like that one
fair game okay this one like going into
describing about what you're doing fair
game fine you know what you're either
not needed anymore or you need what's up
Jack
to YouTube like that there you go Jack's
replying to people in the comments go
ahead you can hit enter so anyway uh so
so you know that that fair game but as
soon as you get into this
of hey can I talk about how the company
has operated since he took over and my
original question how come you haven't
replied yet oh now I'm miraculously
getting reply from HR how convenient now
that I'm getting views on Twitter oh and
can you make sure I get paid it's like
ah like not not the way in my opinion to
try to set yourself up to getting a job
somewhere else personally that kind of
discussion would not be getting hired by
me now this didn't actually even end
here it got even worse you ready for
this this is like this is like next
level entertaining honestly it is like I
feel bad that I'm laughing because like
obviously people have lost their jobs
but on the other and elon's going
through a lot of stress so both sides
are probably not very happy but this is
entertaining like look at this okay
somebody here writes Alex Cohen writes
I'm not gonna lie this is the most
entertaining exit interview I've ever
witnessed
uh but then take a look at this Elon
Musk actually replies to this and what
does he have to say he says the reality
is that this guy who is independently
wealthy now this is Elon saying this
okay we don't know but anyway did no
actual work and claimed his excuse that
he had a disability that prevented him
from typing yet was simultaneously
tweeting up a storm can't say I have a
lot of respect for that Alex Cohen
replies it's obvious he did all middle
management work from that exchange but I
personally would not have put an
ex-employee on blast and force him to
prove his worth in front of a hundred
plus million people I mean this is true
but then again the other person kind of
asked for like hey like Elon you're not
replying to me like kind of in some
sense putting Elon on blast now
technically it's like hey if you get
locked out of your laptop on a Saturday
be nice to know if you're getting fired
that day that day and not have week
later so you kind of kind of makes sense
that it's kind of like hello but you
know you can kind of point the fingers
in both ways in this direction and in
this case the employees kind of like hey
man come on man Elon you know you want
me to tell the world about what's really
been going on at Twitter while you've
been gone and you know elon's giving it
back now is that the best idea no it's
gonna make a lot of people not want to
work for Elon because it's like man you
know it's kind of like date Taylor Swift
you get a song written about you I don't
know maybe that's good or bad work for
Elon Musk can get fired maybe you get
bitched at on Twitter I don't know maybe
that's good maybe it's bad maybe this
person gets so much attention now
somebody else wants to hire him I
personally wouldn't want to hire him for
the crap that I saw here you know but
whatever let's keep going here so so
what how what happened here look at this
he has a prominent active Twitter
account and is wealthy the reason he
confronted me in public was to get a big
payout
ouch that's uh potentially either from
Twitter or from uh you know legal
potential uh confrontation right you
attracted attorneys who are like dude
let me take your case let me take your
employment law case and we'll sue Elon
we'll get you a few extra million bucks
you know somebody could be wealthy and
still want to get another big payout
right because then then you can become
murdered because that's for some reason
the psychological problem humans have
you get a certain amount of money and
then that's no longer good enough and
then you want more anyway Elon goes on
to say from what I've been told he's
done almost no work for the past four
months middle management or otherwise
despite his claims on his on Twitter
that he did work it turns out he told
human resources that he couldn't work
because he couldn't type but was over
the same period typing up a storm on
Twitter yet there were many people on
Twitter defending him this hurts my
faith in humanity it ain't even over yet
what's going on on Twitter okay we still
got to talk about the bodyguards and the
whole like dudes going to the bathroom
with Elon musk's thing but this isn't it
like there's actually even more now
apparently more talk about what's going
on with what the employee allegedly uh
was supposed to work on and then Elon
Musk replying with laughing emojis
oh boy
um so let's go ahead and take a look at
it the employee actually replies and
goes and now finally to my fingers which
I know you have great concern for thank
you for that by the way I'll tell you
what I told them I'm not able to do
manual work which in this case means
typing or using a mouse for extended
periods of time without my hands
starting to cramp oh god dude then don't
work at Twitter what what what what
what what the hell kind of response is
that hey guys hey hey look Elon I'll
tell you what I've told HR I can't work
anymore than 30 minutes because then
we're gonna get a cramp
oh god oh man what is this world coming
to I also contacted HR regularly and
asked if my job description was correct
or needed updating okay like it sounds
annoying like honestly I I could not
handle uh jeez Lord anyway we don't make
fun of any problems here obviously that
you know potentially wouldn't give him a
cramp because he says he only needs one
finger to type on Twitter or I guess in
theory you could use Siri after all he
does alleged that he has muscular
dystrophy but then again you know if you
can't do a certain job do you deserve to
get paid for that particular job if
you're no longer needed uh then then
maybe you aren't belonging at a
particular company if there's no use for
a middle manager basically managing
other people and you being incapable of
doing physical work at a job that might
otherwise require physical work I mean
it's kind of like the reality is if
you're somebody who Nails studs together
because you're a framing contractor and
you can no longer do that because you
have muscular dystrophy yeah that sucks
but then again that's also what
disability is for now should Elon or a
contractor pay you to stand there and
supervise people if a supervisor isn't
particularly needed for that role well
the answer is probably not so I don't
necessarily think anybody's trying to
make fun of the individual for having a
medical ailment you know I I pray that
anybody's medical ailments go away I
don't think it's fair that anybody has
to deal with uh any kind of longer term
medical ailment but you know it's also
interesting that in the same vein as the
individuals talking about basically uh
having this uh medical issue with uh not
being able to work with his hands
apparently now he's opening a restaurant
in Iceland which okay I mean I guess if
you could just sort of point at people
and tell them what to do that'll work
but I don't know many people who
actually run successful restaurants who
don't actually have to use their hands
all the time but then again you know
what best wishes you know in another
area the employee basically talks about
how he worked on projects like cutting
the contract costs of figma which figma
is basically like a brainstorming act
app which is kind of like wait why did
you have to cut five hundred thousand
dollars of a contract for figma were you
really paying that much to figma in the
first place if that's what all you
really did why do you want on a Twitter
anyway somebody else here puts it well
and says reading between the lines that
guy knew he was already fired for being
useless but wanted to make it public to
draw attention to make it easier to
fight for his severance pay Elon Musk
replies to that says correct good Lord
but let's you know what let's just move
on from this and let's just you know
what let's talk about Elon going to the
bathroom with some dudes it at the same
time is leading to a lot of fear because
look what you have here The Daily Beast
is now reporting that bodyguards are
following Elon Musk everywhere at
Twitter even to the restroom
billionaire Elon Musk is routinely
followed around at Twitter headquarters
by two bulky bodyguards even when he
goes to the restroom according to a
Twitter engineer two bearded guards went
viral back in January after they
accompanied musk at his Securities fraud
trial and appeared to have accompanied
him to Twitter after his 44 billion
dollar purchase a Twitter engineer
engineer identified only as Sam says
wherever he goes in the office there are
at least two bodyguards very bulky tall
Hollywood movie bodyguards even when he
goes to the restroom he said constant
use of bodyguards suggested that musk
who has sacked a huge number of Twitter
staff including coders does not trust
his remaining staff uh yeah anyway
pretty crazy pretty pretty wild stuff
that's going on so obviously still a lot
of Twitter tensions those Twitter
tensions have the real potential of
Weighing on Tesla stock in the future
because as we know Tesla stock is Elon
musk's piggy bank so drama going on at
Twitter does matter for Tesla and
anybody who tells you otherwise does not
understand Finance now look I think
everybody still has a lot to learn in
finance and I don't think that learning
is the right idea everybody can learn
more but anybody who says that Elon Musk
selling Tesla did not lead to the
massive downtrend and massive ability to
short Tesla to the dirt last year is out
of their freaking mind Tesla's massive
collapse last year was primarily the
responsibility of Elon musk's selling
shares to buy Twitter now yes that led
to a trend yes there was some other bad
news that contributed to some decline
but not down to 100 bucks that was
insane that was a fundamental deal of
this century and it was all a response
or all a result of in my opinion the
root Iraq so therefore some of the
madness that's going on Twitter in my
opinion if you're a Tesla investor
important to pay attention to hey thanks
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