Oh Sh9t Tesla

Tesla we just heard that George Soros

about the dip bought the dip pretty

heavily in the fourth quarter of 2022

which what's interesting about that is

that's when Tesla was getting smashed as

people were tax loss harvesting Tesla

was just going lower and lower and lower

every day basically going into Q4 and

what did we just find out well it turns

out that George osoros and George and

the Soros fund management scooped up

242 399 shares of Tesla during the

fourth quarter they increased their

position uh roughly a 270 percent uh

that's incredible bringing the funds

total Holdings to 332

000 that's remarkable that means they

went uh from about 90 000 shares to

about 332 that's remarkable that's about

a 3.6 x now that's amazing during the

quarter uh the fund also bought 500 000

shares of Kathy Woods Arc K which we

know did very well in January of 2020 so

what a what a well-timed bet on uh

getting back into uh basically Tech year

to date Arc K is up 30 also unloaded his

position in Zoom video ended up

acquiring 83 million shares of Peloton

he also what took a stake in carvana

which is on the edge of bankruptcy and a

stake in lift that one Lyft and Uber

well Uber did well after earnings but

Lyft was down about 30 percent after

earnings so uh maybe not the best uh

position right there smaller stake in

silvergate capital smaller stake in

microstrategy also took stake in square

which is similar to uh What uh blacks

Bridgewater capital Did in Ray dalio

taking taking heavy positions into

Financial firms but this big dip buying

in Tesla pretty dang impressive he also

flattened his position in Etsy and

Disney but on the topic of EVs and

Teslas guess what Toyota just did

specifically toyoda the reason I say

Toyota is because the now ex-ceo well

come April ex-ceo of Toyota named Mr

toyoda with a d was a big fan of

focusing on hybrids suggesting that

electric vehicles solely pure electric

vehicles were not necessary for a green

future instead the best form of a green

future is already here and it's hybrids

like the Toyota Prius says Mr Toyota

that you don't actually need purely

electric vehicles because the greenest

form is having a smaller battery and

actually an internal combustion engine

vehicle with a battery train as a

battery EV powertrain inside as well

which is really interesting thing

because the amount of components and

costs that go into hybrid vehicles is

substantially higher than just a pure EV

vehicle because you have one less entire

system and a hybrid you have both an EV

platform and an internal combustion

engine system in the gas tank in an EV

you only have one of those now albeit

you do have a larger battery and so Mr

Toyota has doubled down on this idea

that hybrids are the way of the future

for the company Toyota and that the

Toyota Motor Corporation will not be

purely focused on electric vehicles this

is also by the way a company that has

been

anti-autonomous driving they've been a

big proponent of look we'll give you

Lane keep assist uh Lane departure

alerts maybe even adaptive cruise

control but are we really heavily going

to invest in autonomous driving no we

just want the driver to be able to drive

a hybrid and give them some support

Services that's been the big goal for

Toyota and guess what sales have fallen

off a cliff Toyota sales have been

declining and declining and declining

and so what has just happened well

Toyota has decided to get rid of their

old school mindset CEO and in April the

old school CEO Mr Toyota will be

replaced effective April Koji Sato will

be taking over from Mr Toyota and a Koji

suggests that Toyota needs to undergo a

drastic change and guess what they're

going to focus on oh

pure electric vehicles yes that

competition for Tesla is coming and

these pure electric vehicles will come

first to the Lexus brand which is

obviously the more expensive uh portion

of the Toyota Motor Company and don't

worry if you're excited for an electric

vehicle you don't have to wait long you

only have to wait until

2026 to get your Toyota electric vehicle

because that's when the electric vehicle

specialized manufacturing platform will

be available from Toyota now obviously

so far what we've been seeing from

Toyota has been relatively unlikely to

succeed given not only the evidence of

declining sales but also the fact that I

think it's pretty damn obvious that

people want more autonomy in their

vehicles not less and people want more

electric not more hybrid but then again

byd is also doubling down on the hybrid

platform but they're also doubling down

on the uh uh the EV platform so byd is

going with the both approach and finally

Toyota is realizing they're getting the

message from consumers that no no EV is

the way to go you know what's crazy

about this before we talk about Tesla

and the union what's crazy about this is

there was actually a piece in the Wall

Street Journal last month yeah yeah look

at this look at this last I have it here

last month uh Toyota Chief says they're

part of the silent majority and so the

president Mr or the the CEO and

president Mr Toyo da questions whether

electric vehicles should be pursued

exclusively and says that his company is

part of the silent majority whether it's

really okay to have a single option and

so in other words

Mr Toyota was was convinced that the

future is basically hybrids like

hydrogen pyrod cars combined with gas uh

uh and and hybrids combined that's a

battery electric vehicles combined with

gas uh so basically and then probably

hydrogen and EV right that would be your

sort of other hybrid uh but anyway Mr

Toyota was this big believer of well we

don't think you only need one platform

of only battery electric vehicles and

basically they've been uh they've been

super anti EVs and it's interesting how

within a month of this Wall Street

Journal article this guy is getting the

ax kind of crazy but what's also kind of

crazy is specifically what just happened

at Tesla and the letter that was sent to

Elon Musk as well as ads that are being

distributed via leaflets and websites

from employees at Tesla Buffalo yes

apparently the Valentine's Day gift is

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what do you have here you have employees

now Distributing roses are red violets

are blue forming a union starts with you

yes employees at the Buffalo facility in

for Tesla New York are apparently a

group of about 800 or or part of a group

of about 800 labelers for the full self

driving system for Tesla so basically

they label okay yes hey we think this is

a stop sign okay we think this is a

traffic light yes this is a or that is a

car or that is a pedestrian right and uh

Elon Musk back in 2021 talked about the

future Holy Grail of uh AI was really

Auto labeling that you could feed data

into a computer and the AI would Auto

label and then really all you need is

humans to confirm is this absolutely yes

a stop sign or is this a yield sign

right and so you have people confirming

yes yes yes no no no right and

apparently the individuals are so

frustrated working for minimum wages

starting at uh or starting pay of 19 per

hour identifying objects individuals at

Tesla buffalo have gotten so frustrated

that they can't get snow days when they

want them and that they feel like

they're being treated like robots

although they did take a job pushing a

button that and now they feel monitored

and uh feel like they can't take

bathroom breaks when they want to take

bathroom breaks that apparently they are

trying to start a union now remember

Tesla has about a hundred thousand

people Tesla has been pretty anti-union

so far if you can say that uh there have

been rumors that individuals who've

suggested unionization have just been

straight fired uh apparently a Tesla

shut down a slack channel from this

Buffalo New York group when they aired

grievances about snow days and now they

have a Discord server where they talk

together and and strategize about

forming a union uh Tesla has uh and Elon

Musk have suggested that they're not

anti-union they just question why would

you pay union dues and give up stock

options for nothing that's something

Elon Musk has said in the past and uh

and it's it seems like Elon Musk has

also been pretty anti-unionization for

essentially this idea that unions only

support Democrats and that you don't

have unions who also support Republicans

of course this could be hyperbole from

Elon Musk but let's just put it this way

individuals at Tesla Buffalo are either

going to get fired or they'll maybe be

able to pull off forming a union now the

way this works in America is if the

majority of workers for a company

potentially a specific portion of a

company want to unionize then they can

file they can vote and if the majority

of those employees vote for a union then

they can petition the labor board and

force the corporation to recognize that

Union but before that the employer has

the option to recognize the union and so

if the employer has the option to

recognize a union the employer could say

no thanks not interested in supporting

your right to collective bargaining

which is basically being able to go on a

strike right and uh and and then demand

changes like demand more pay or more

sick days or snow days or whatever it is

maybe less monitoring whatever it is

that that you're looking for now keep in

mind these Auto labelers they are

basically doing the job of a robot now

I'm not trying to minimize their

Humanity like if you're watching this

and you're a labeler like yes I I feel

for you like I respect you you're a

human and you have human rights but the

reality is you did take a job that in

the future will be replaced by a robot

so if you're watching this and you think

the Union's gonna protect you realize

that at some point in the future you're

going to be replaced so I highly

encourage you to come up with some kind

of education plan to to or or at least

plan to get out of there anyway in the

future but then again hey 19 bucks an

hour for for a at a starting pay for for

labeling

it also seems pretty good you know I

mean I remember starting to work at UH

Jamba Juice or Red Robin and I got paid

eight bucks an hour now I'm not trying

to like go into the past here but like

you know oh that no no I'm not trying to

minimize that you know on a labeling is

is hard is not hard work I'm sure it is

exhausting especially with the pressures

you might get put on you from the

company but you know you're not running

around stressed out freaking out dealing

with customers

yes or no on a computer you know okay

it's kind of like maybe that's pretty

damn good but then again I don't know

what pressures y'all are facing uh so

anyway we'll see what comes out of that

now there's been a lot of talk about uh

unions in the United Kingdom actually

leading to substantially lower

productivity now now there's obviously

there are a lot of studies on unions and

the benefits and and cons of unions but

one of the things that I noticed is in

this particular piece here you have and

this is a robo research piece right here

uh and they talk about how labor

disputes have led to 467

000 lost working days in November in the

uh United Kingdom that's pretty

remarkable uh and this how and they talk

about how this really fuels discontent

you know how potentially unions amplify

anger within a company and make people

more upset and then at the same time

unions could potentially uh lead to less

working days or lost working days

further impeding Supply chains making it

harder for for you know basically

Society to advance and prevent inflation

it's kind of interesting now another

thing that's kind of interesting is

you've got somebody here in the comments

saying that go unionize Starbucks not

Tesla now you know what's actually

really funny about that is one of the

reasons that Buffalo New York Tesla is

considering unionizing is because

apparently a union leader from Starbucks

is working with the individuals at Tesla

to help them form a union I kid you not

a Starbucks employee it is reported by

Bloomberg a Starbucks employee is

helping the Tesla folks try to start a

union so this is obviously leading some

people to say hey this is great you know

spread the Union uh uh ideals and then

of course you've got people on the other

side saying this is like cancer once you

start once cell of a union it spreads

everywhere at Starbucks it's Amazon it's

it's going to be apple next it's going

to be Tesla who knows obviously

obviously if you are in a union you have

much more bargaining power for higher

wages but then the question is how does

that affect productivity is there a

chance you just end up getting fired uh

who knows it seems like they're taking a

big risk but then again if you're

getting paid 19 to probably what 24

bucks an hour to push a button maybe you

don't care that much about your job

anyway and you're kind of like hey let's

try to unionize and if we can grade if I

get fired oh well I would expect that's

probably the stance people are taking

but then again you know you also look

and go Tesla's one of the remaining uh

or one of the few auto companies I

should say other than some of the new

ones that that don't have a union right

you look at a legacy Auto it's all Union

United Auto Workers Union massive

massive Union in the United States and a

lot of people say that the the fact that

you have a union is exactly why it's

been so hard for Joe Biden to mention

the words Tesla or to actually invite

Tesla to events and the only electric

vehicle manufacturers electric vehicle

manufacturers that get invited to White

House events are like Ford and GM and

it's only those companies that show up

it's only those companies that get sort

of the uh the support of the president

uh now you know there have been a few

mentions of Tesla since uh you know

first probably year uh there have been

zero there were zero mentions of Tesla

from the Biden presidency uh and

administration but uh that's that seems

to be loosening a little bit now but uh

we'll see you know I'm curious to know

what uh what your comments are you know

some people obviously yeah you know

Steve here is saying if Tesla unionizes

goodbye margins uh and yeah I mean

that's entirely possible you know what

if that does spread and all of Tesla all

of a sudden unionizes right is that

potentially going to lead to factory

shutdowns in the meantime lower margins

in the meantime would it lead to more

productivity or is Elon Musk just gonna

go all right thanks unions you just lit

a fire under my ass to build more

autonomy and robots to replace your jobs

in the first place

I I have a feeling I know what is going

through Elon musk's mind but I'll leave

that up to your imagination for now