sh*t let's just be real. f*ck it elon.

hey in this video You're going to hear a

lot about my thoughts about Tesla and

robotaxi just remember that we're going

to change the price on the courses on

building your wealth and the stock trade

alerts as soon as I wake up tomorrow so

you better hop to it email us at staff

mein.com if you have questions and we'll

honor the pricing so we can make sure we

get back to your pricing questions so

email us if you have questions at staff

atme kevin.com wow today was an

absolutely crazy day first of all Tesla

went

absolutely AP and then ham like

what we were down

6% after being only down 33 basis points

so we went from 33 basis points to down

6% to down 3% to up 4% in the after

hours what yeah part of that has to do

with Elon Musk suggesting that now on

August 8th we are going to introduce

robotaxi so we need to digest all of

this piece by piece but the first thing

that we need to do is we need to share

this tweet so I sent a tweet and I

mentioned this I said I started on

social media fulltime 7 years ago two

things have always been true number one

I've always loved Lauren more and more

every single day and number two no

matter what I will always tell you how I

feel even if that's not the popular

opinion and I'll never stop see when AMC

was ripping I had a problem with the AP

shares and I was really honest with my

opinion and a lot of people were very

upset about my

opinion and they just chose to not

follow me anymore because they thought I

was anti

their movement when the reality was I

was reading through the and

trying to be honest when during covid I

was honest about my concerns about

certain programs versus others people

thought that I was trying to hurt them

but the reality was I was trying to help

and the same has been true of stocks

that we've talked about on the channel

I've been optimistic about pelaton but

then I said when pelaton was

$113 oh my God they're having to drop

prices it's time to sell boy that sounds

eily similar or oh my gosh shift might

go bankrupt it's time to sell at

$9 oh my gosh FTX is about to go

bankrupt we all need to go get out and

people are like no no no everything's

fine sand bankman freed said

everything's fine and I'm like dude

get

out it is um it's very difficult to be

on social media because you have two

choices you could be a transitory social

media agent and that's somebody who

comes

on and usually the way that works is

they

regurgitate uh whatever is popular so

you go on sort of social media go oh

that's the sentiment oh that's what

people are replying with oh that's what

people are going to think okay and then

they take the most popular likes or most

liked posts or most liked videos and

they regurgitate the top five most

popular arguments oh yeah well buid went

down 40% so Tesla's

fine it's nothing to do with the

problems Tesla is facing and it's

embarrassing when you compare it to

Hyundai Nissan Toyota GM Ford but oh my

gosh that would require data analysis

which maybe we've posted all of that

already on ec.com but

whatever so The Challenge on social

media is if you want to just do what's

popular that's easy you could just read

what's popular regurgitate that and then

congratulations everybody likes you

one of the things I found uh that's very

hard about social media

is expressing what you believe when

you're

early like when I was early on

discussing Co stimulus or when I was

early on warning about FTX or when I was

early about warning about pelaton or

shift or when I was early about warning

about tattoo Chef or when I was early

about warning about spaxs and when I was

early about saying you should get into

Cash above and all above anything else

and when I was early about saying stay

away from bonds because they're about to

tank or stocks cuz they're about to

tank nobody wants to hear that you're

just a

flip-flopper but the reality is we

should not be in a position where we're

so worried about what's wrong or right

we should be worried about what's the

best thing to do now going forward see

that's very different wrong or right is

hindsight analysis what to do now is

going forward

and so that's where we have to talk

about

Tesla all uh well also at the same time

we should just briefly mention that you

know there were some comments today

where people are like oh you should talk

about your losses as well as your gains

yeah I had a $17,000 gain on a trade

today that was great but I did also have

uh some other gains and losses I had

$1,000 gain a $17,000 gain and a $1,400

loss so technically I'm only up

166 now I did mention that but I

mentioned that in the last video at the

end of the last video and I should have

mentioned it up front sorry for that we

do have a coupon code expiring tonight

and I'm going to go to bed after making

this video I'm pretty dang worn out and

I'm pretty dang tired because it's been

a roller coaster day and I had a lot of

deadlines today and

so we're going to talk Robo taxi but I

don't think I'm going to get back to all

these bundle emails so you still got a

few hours before we raise the price on

the uh courses on building your wealth

by the way I will say shout out to the

people joining there are a lot of people

joining the courses on building your

wealth most people right now are either

buying the stocks and psychology of

money group or they're buying the stocks

and psychology of money group and the

real estate bundle I'll give you an

example uh we got Jesus who just bought

stocks and psych Zachary just bought

actually do-it-yourself property

management and Rental renovations

bundle up from some of the other courses

we've had that one's great because we've

got a lot of other people in that one

stocks and psych we got Daniel uh

Ricardo Constantine Fernando Christian

Pat ralo Steven ashgar Mandy

William

Marcelo um many others here but anyway

thank you thank you so much for joining

and do note that I just posted a message

in the Discord and said that if anybody

has lecture suggestions please mention

them because I am going to go through

another recording session of new

lectures so if you watch our lectures

and you think something's missing I will

add the new lectures completely for free

so that's going to come within the next

uh week and a half here so stay tuned

for

that but in this video we we we really

need to talk about Tesla robotaxi so

I think we should just be honest and we

should be honest and

transparent first of all I love

Lauren but second of all I had uh

multiple

debates with a group of uh Tesla balls

hyper balls I'll call them this is crazy

I'm sorry but you You' have been too

long in Ross's and and Gary's school I'm

sorry of all I'm happy to hear what

you're saying but wait wait wait wait

wait I'm happy to hear what you're

saying but that's that's a popular thing

to say because people like to say these

populist slams or whatever but that's

disrespectful first of all uh and second

of all I they're not my dad I I I I

listen to everybody equally I'm here I'm

not talking to Ross and Gary I haven't

talked to them at all today I'm here

listening and talking to y'all so we

don't have to start with that the issue

with that is that short-term noise does

potentially affect hiring Recruitment

and talent compared to other AI

organizations so that is something to

keep in mind we do want to attract AI

talent to Tesla you want the best AI

Talent there there so that leaves us

stuck with q1 Q2 which right now aren't

looking too great and then I know you

want to buy and you need 10 days but

stop talking down the stock that's all

you're trying to do it's all good that's

that's that's not that's not true at all

well well hold on again it's it's

completely disrespectful to my argument

well hold on hold on I I I I gave you

all a chance to talk I made a very

respectful argument I said I agreed with

you with the licensing I said there's a

political risk you didn't mention

regarding attracting talent to Tesla and

I also made a respectful argument and

said I actually made a prediction and I

said I think we're going to start with a

small scale Robo taxi launch where they

compete with the zukes and the likes of

weo and that they can expand a hundred

times faster than the others these are

actually extremely bullish statements I

just think they're realistic statements

they don't help us q1 Q2 duh so then I

was going to say what does this do for

26 27 28 but then you did cut me off I

think for 26 27 28 that's probably when

Tesla really starts pricing in the

explosive growth because that's when

wall Street's going to be able to start

realizing aha Tesla's doing what the

wh's doing but look at how they can

scale a 100 times faster look at I mean

Tesla AI just posted Tesla hit 1 billion

miles of FSD so this is great like Tesla

has so many wonderful things going for

it but I just want to be clear I like

it's it it is rude for me to be here and

then you make that accusation and this

is the second time now I'm asking you to

please be respectful I'm being very

respectful I I I will be respectful

Kevin and I appreciate you hyper bols I

can see no wrong and that's okay I still

respect

them I uh I'm I'm not as optimistic as

they are I uh I do not think that full

self-driving Vehicles as Robo taxis are

worth $1 per

mile I'm sorry Brett I think that's

wrong from Arc I respect you I like you

I'm sorry Tasha from Arc I'm

sorry everybody else who thinks you're

going to make a dollar per mile

submitting your car to a robo taxi Fleet

I think that is

delusional I think it is straight up

delusional to think that you were going

to have bought a Tesla and you are going

to somehow turn your Tesla into

$100,000 of passive income annually that

is what I heard people talk about today

and I think it is straight up

delusional now I understand the hopium

the hopium is that we'll be able to take

out our phones and go well we all have

uh self-driving Vehicles should be easy

just submit them to the

fleet no no because when and if that

happens trust me in every single local

you'll have 100 Teslas looking for about

one person willing to

ride the demand for robo taxis compared

to the demand for Uber and Lyft will not

be one to one the demand for robo taxis

will only rise when the price

collapses and then Uber and Lyft will

collapse and go bankrupt and then the

demand for robo taxis will exist at

probably cents per

mile now I'm not saying if you drive 5

miles you're only going to pay 5 cents

there'll be some base fee some minimum

fee but you also have to offset the

charging depreciation vehicle investment

so the ROI for the investor in the

vehicle and unfortunately I don't think

that's going to be the vehicle that you

own I think the model uh 2 Robo taxi is

actually going to be a very Niche

product that only works for

robotaxi so ironically I think that

Reuters was right see Reuters suggested

that they spoke with insiders multiple

insiders and found that the $25,000

vehicle was

dead and you know this led a lot of

people say that reuter is a fraud and

they're a lie well Reuters alleged that

one source said that elon's directive

was to go all in on robotaxis and to

cancel the $25,000 vehicle and see this

is very interesting because if you look

at Elon musk's history all you have to

do is look at his

book I have it right here see I'm

wearing my little Tesla sweater

here got some jeans on whatever

it's right

here it's right

here I have it it's in my

studio and I'm going to read you a

section I clipped from

it for years they had talked about what

should be Tesla's Next Generation

offering a small

inexpensive Mass market car selling for

around

$25,000 Sorry by the way if I sound a

little lispy I had

carrots I we buy raw carrots and I'm

actually highly allergic to Raw carrots

so my throat gets itchy and my voice

sounds different and my lips kind of

swell

up I eat them anyway though I don't

think I'm anaphylactic having my my

throat close up all the way at least but

anyway musk himself has teased the

possibility in

2020 but then he put a hold on those

plans and over the next 2 years he

repeatedly vetoed the idea saying that

the robo taxi would

make the other car unnecessary the robo

taxi would make the 25k car unnecessary

hm interesting nevertheless others had

quietly kept it alive as a shadow

project hm interesting so maybe the

$25,000 car we were told was coming with

$110,000 of I'm sorry 10,000 volume

units of production per year I'm sorry

no that's per week I believe I believe

that was 10,000 units per week uh per

week starting at the end of 2025 was

frankly just clickbait because they

never actually thought about making a

$25,000 vehicle that you could buy they

thought about making a $25,000 vehicle

that Tesla could license as a robo

taxi well that's a little different

now why is that different

well let's say you don't think Robo taxi

is going to be a reality until 2030 well

I could sell you a Tesla $25,000 car in

2025 or 2026 but I can't sell you a

roboox until probably 2030 which means

I'm going to have to delay my earnings

per sh share estimates for Tesla which

means this is actually a net negative to

Tesla in the near term near to medium

term

yeah now a lot of people get mad about

that they say well you should be a

long-term investor what do you mean you

care about 2026 EPS estimates oh my gosh

all right

fine so let's assume the robo taxi Fleet

is here and Tesla's the only one who's

going to produce it my prediction by the

way is that Tesla is going to release a

localized

robotaxi option that's going to be very

similar to zuk's and it's going to

operate in areas like San Francisco and

Vegas and it's going to end up looking

like zuk's which is amazon-owned and

it'll be a localized Robo taxi it'll

work and the odds are it'll be able to

expand to new cities substantially

faster than other vehicles but it's

still going to be a niche product for

quite a while here's

zuk's it exists it exists today it's

allowed to go on Prototype drives of up

to 35 mil hour but does it drive on

highways does it get off Highway off

ramps does it change change lanes on

highways no no it doesn't so

unfortunately I think there's

a regulatory hurdle that comes with this

as

well because elon's FSD is not perfect

every FSD driver knows that there is not

a single FSD driver who says the vehicle

is perfect for full self driving level

five autonomy now I understand people

say well Kevin don't let perfect be the

enemy of the good that's fine I agree

FSD is much safer than a human driver

110%

agree but even though you're safer than

a human

driver doesn't mean you're going to get

Robo taxi approval on a broad-based

level to where every

operator can be

you the first operators for robo taxis

will always be the corporations it will

always be the Amazon the Google the GM

and the Tesla it's not going to be you

the next operators will be those who are

willing to pay for extremely expensive

licenses and oversight procedures that

require a very strict maintenance of

their vehicle Fleet which the vast

majority of individual owners will not

be willing to partake in just look up

for

example flight

operators

okay there's something called a part 135

operator verse a a part 91

operator if you know you know let's just

say if you're a 91 operator you don't

want to be a

135 and if you're a 135 you paid enough

money to The Regulators to your to where

you're like please let me fly other

people in my jet for

money good luck paying those

fees in other words bottom line I think

that the Tesla Robo taxi is

unfortunately a

downgrade this is painful to say this

very painful to

say because a lot of people are really

optimistic about this they think that

Reuters is uh wrong because Elon said

they lied so obviously uh that means

they lied about everything

wrong I actually think Reuters and Elon

are

right now how is that

possible it's actually quite

simple it's actually very

simple Elon

Musk will not produce a $25,000

vehicle retail will never buy a $25,000

Tesla unless it's some used Tesla or uh

massively subsidized government

Tesla no instead we're robot taxis will

be operated by Tesla so it is a lie that

the $25,000 car is dead because Tesla is

going to use the $225,000 car but for

you the retail audience it's true it's a

lie Reuters lie to you everyone please

Reuters is a scam because Reuters lie to

you Reuters told you that the $25,000

Tesla is cancelled and you know what

they're wrong the $25,000 Tesla is

cancelled but not for

Tesla of course this a Tesla shareholder

you're like oh that's okay they'll make

the money on the robot

taxi

right right yes that's what we'll

underwrite we'll underwrite that every

single Tesla will make $100,000 per year

in passive

income delusional no

no if every Tesla owner could submit

their car to the robo taxi Network I

will guarantee you there's no way you

will make $100,000 a year on one vehicle

there's no way the price per mile will

plummet because most of what you

compensate a driver for today in Uber or

Lyft is a labor not the

car price will

collapse H yeah

so um this is where I call

and just like this old card

that I have on my desk do you know what

this card is it's how I started my

career look at

that the no pressure agent realtor Kevin

paffrath you know what's on the other

side don't

oh

don't

get

biffed don't get

biffed you're being lied to if you think

you're going to turn your car into a

robo taxi on August

8th you're full of poopy doopy you're

being lied to I think on August 8th we

are going to get a

generic demonstration of none other than

a product that already exists

aukes that'll be Tes level five okay we

can do certain cities Great yes we'll be

able to scale faster than anybody else

because we use Vision versus the map

liar I know I

agree but will you own that vehicle no

Tesla will actually use their fantastic

new unboxed assembly line they'll make

100 cars for themselves

elves and you'll have 100 Tesla Robo

taxis so it'll be true they'll be Tesla

Robo

taxis just like there are

Whos but do I think you're going to turn

your Tesla into a robotaxi on August

8th you'd be delusional to think

that so am I short Tesla today no am I

trying to talk to stock down

no

disrespectful people think that it's

okay let them think whatever they

want just trying to be

realistic Elon Musk is uh in a

corner he had to come out with an

announcement today so by saying that

Reuters lied about the $25,000 car he's

right there won't be a $25,000 car but

there will be a $25,000 car for

Tesla it's all in the

Nuance doesn't actually make me that

bullish unfortunately but I do want to

be bullish longterm because I do think

long-term Chevy Ford and all the

competitors will die in America and

Tesla will stand Supreme and Tesla will

win in a long

run but not in the short term especially

with Ray Cuts coming later than we why

not 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 PA there financial analyst and

YouTuber meet Kevin always great to get

your

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