wtf tesla

oh my goodness folks endless at tesla

news out today this is absolutely huge

though there's one particular thing that

is just totally mind-blowing and this

particularly is the kind of stuff that i

have been waiting for with my tesla

investment people have made fun of me

for holding tesla's too big of a poor

portion of my portfolio it's around 39

of my stock portfolio obviously not

including the real estate portfolio i've

got tons of options on tesla like this

is this is really big news and people

were also making fun of me when i was

buying tesla and the dip in may and i'm

like keep buying tesla 550 is a great

price this is peak fud remember the

tesla vehicle crash in texas where the

driverless tesla crashed into a tree and

ended up being on fire for two hours

which turns out there was a driver in

the seat turns out autopilot was not on

also turns out the vehicle was only on

fire for a few minutes or only took a

few minutes to extinguish and

firefighters just stayed locally until

the fire was verified that it wouldn't

be coming back they basically waited for

the batteries to cool right anyway

during that summer of endless fun i'm

like bye bye bye bye bye bye all i

freaking could whether it's on this

channel or in the stocks of psychology

and money group where we talked about it

all the time by the way that coupon code

that is 41 off diamond hands does expire

this friday but folks people then were

telling me kevin you're an idiot for

buying tesla this thing's going to 200

yeah oops tesla right now up 4.3

percent in pre-market why well i'll host

the news but there's one piece that's

really really big first tesla was the

top selling vehicle in europe last month

this is the first time ever

an electric vehicle has outsold gas cars

remember what i just said wasn't tesla

was the top selling electric vehicle in

europe no no the tesla model 3 was the

top selling vehicle in europe last month

but this isn't even the news this is

just like this is like the small news

okay this is really cool this is the

first time this has ever happened with

any electrical any electric vehicle

outselling gas cars in europe this is

huge uh but uh you know along with some

other things uh the news that we're

gonna talk about is not that no we know

elon musk does not own chiba enu he did

reveal this he also thinks that dogecoin

is the people's coin because so many

employees at spacex own it but that's

not the news either and it's not that

tesla completed its new chinese research

and development facility at giga

shanghai all of which true by the way or

that tesla's pushing out a new full

self-driving software update after some

bugs with the last one folks no it's not

that either

it is also not that morgan stanley has

upgraded tesla's price target to 1200

on quote extraordinary sales during a

supply chain crisis oh no

instead it has to do with a rental car

company and tom brady

the football megastar are you ready for

this

hertz the rental car company who's

barely out of bankruptcy which by the

way a judge spared shareholders on that

one usually through bankruptcy like

shareholders get zero and a judge spared

the shareholders this was crazy this was

partially in part because the judge

realized that there were thousands of

retail investors who were betting on the

stock to make a comeback it was kind of

like one of the meme stocks but anyway

folks hertz

just announced it has placed an order

for 100 000 teslas this is the first

step of hertz's comeback plan to

electrify its fleet and this is the

single largest purchase that has ever

existed for electric vehicles the single

largest purchase ever for an electric

vehicle and according to people familiar

with the deal via bloomberg the deal is

valued at 4.2 billion dollars which

works out to an average vehicle price of

42 000 per vehicle and unsurprisingly

the cars will be model threes which

retail for about forty two thousand

dollars which is also really

like freaking spectacular because

usually car rental companies demand

massive discounts because they're going

to give you a big fat order but not

hertz because hertz actually sees values

in the test of value in the tesla not

only do they see cheaper refueling costs

because they'll be hooking up to the

tesla supercharger network potentially

even creating their own charging network

over at hertz but they think that teslas

are cheaper to maintain and oh snap on

top of that higher resale value holy

crap

hurts saying this

and then now hundreds remember every

rental car gets rented out to what

probably i would say a hundred different

people right a hundred different people

driving a hundred thousand different

teslas is like potentially getting 10

million people into tesla's who haven't

been in tesla's before this is like the

best advertising you could ever ask for

the model 3s will be available to rent

at u.s markets and parts of europe

starting in early november and hertz

customers will be able to use the tesla

superchargers this is so super cool now

i also dug through hertz's annual report

and i found that hurt said quote as

improvements in technology and charging

infrastructure matures as well as wider

variety of electric vehicle models

stimulate consumer acceptance we can

respond to adjust our rental fleet to

offer evs as influenced by customer

demand basically they're saying we

believe

people

want teslas

hertz is actually listed as a risk

factor by the way autonomous vehicles as

something that could eliminate their

business the need for rental cars and

they suggest that they need to remain

competitive to be able to survive

and so to me this is kind of like a

quote if you can't beat them buy them

it's a story if you can't beat tesla

just buy a tesla will ya

that is amazing amazing amazing amazing

also

hertz does eventually plan to electrify

almost all of its half a million cars

and trucks and if tesla does well here

maybe those are going to be more tesla's

100 000 units by the way is about 10 of

tesla's current production in 2020. gm

and nissan were hertz's biggest

suppliers previously and bloomberg

believes that hertz is looking at tesla

because again teslas are cheaper to

maintain easier to refuel and don't lose

as much resale value

now tom brady folks is also going to be

starring in advertisements to showcase

these new teslas and you know why all

this is good

because the more people

justify owning teslas the more people

buy teslas the more demand for tesla

goes up the more demand for tesla stock

goes up tesla folks we have not even hit

the beginning of well we're at the

beginning but we have not even hit peak

s curve okay people look at tesla stock

and they're like it's already gone

parabolic

we're just at the beginning like this is

so

incredible

i don't usually recommend

having so much tesla in your portfolio

but i got a lot of tests on my portfolio

okay

that's that's all that's that's all i

gotta say this is really really

incredible yay tesla congratulations to

all the tesla shareholders i'm so glad

by the way i sold all of my or closed

all of my covered calls that i had

because otherwise that would have hurt

good thing i got rid of all those a few

weeks ago and if you two want all of my

buy sell alerts make sure to check out

the stocks and psychology of money

program linked down below coupon code

expires friday and folks we'll see in

the next one thanks so much goodbye

[Music]

you