Uber and Lyft Issue WARNING to Tesla.

you won't believe what the CEO of uber

just had to say about Tesla and what

Lyft just had to say about the future of

robotaxi pricing well at least R hailing

pricing in this video we're going to go

through that as well as a surprising

exit at Tesla uh let's review all of

this together here I want to start by

mentioning that this post at least

according to Troy uh was posted on

Twitter by Sawyer you you can see this

here uh somebody says why are you

posting this to Troy and Troy replies

because it's Tesla related news people

should know about initially Sawyer who's

a pro Tesla poster generally just

positive items tweeted but later deleted

this therefore the discussion is gone so

I decided to tweet it says Troy now

that's really interesting I I saw this

and I thought to myself okay what's

what's this post that Sawyer posted and

then deleted and then we'll get into

Uber uh and lift so this is Rich Auto uh

in his post on LinkedIn it's the head of

product launches he says after nearly 7

weeks I resigned from Tesla or sorry

seven years I resigned from Tesla that's

interesting not fired resigned now

sometimes people get exited and then

they put in a letter of res resignation

because elon's demanding it so we don't

know it could be a faux firing right but

he says why leave he says Tesla is a

company I love and I've given so much to

but it's taken its pound of to flesh

great companies are made up of an equal

part of great people and great products

and great products are only possible he

says when the people are thriving in

other words he's implying that maybe the

people are not thriving and therefore

products are not going to thrive quote

the recent layoffs that are rocking the

company and its morale have thrown this

harmony out of balance and it's hard to

see the long game now that's scary to me

I understand people were going to look

at this and go oh it's just fud fear

uncertainty and doubt but remember fud

does not equal fake news and so when

Rich Auto the head of product launches

right before a product launch on 88

August 8th Robo taxi launch when the

head of product launch is like you know

what I know uh I know we're literally um

three months we are three months away

from the robo taxi launch and 3 months

before the robo taxi launch the head of

product launches was like peace I'm

out it's hard to spin that as a

positive so this really got me thinking

I mean then he talks about I was lucky

to work with people and collaborate the

cultures are great hopefully soon Tesla

and all the people affected by a layoffs

can get back on their feet uh you know

hit me up if if uh you know we can

improve like if I can help whatever but

anyway what I wrote is qu quite frankly

this Henning guy

is colti colti with a Capital C see Troy

shares the story and then you get colti

Henning whose last literally 75% of his

last four posts are pro Tesla content

that he's either reposting and about 50%

of the last like I don't know a dozen

posts are basically only Pro

Tesla and this person is basically

implying that Troy should not be sharing

that the head of product launches is

leaving because

well basically that's bad news why why

would you share that and I'm like bro

all news should be shared not just

one-sided

news and so my guess is I didn't see the

Sawyer post but my guess is Sawyer

posted the story and then deleted it

because he was swarmed with negative

sentiment like I get swarmed with

negative sentiment all the time people

are like fud you're just trying to pump

the short it's like I'm I've got Longs

in Tesla I'm not short Tesla you know so

like but the thing about me is I don't

just talk about my book I'll actually

talk bad about my book when the data is

bad I try to be as fact-based neutral as

possible and you know what if that means

I have less followers because I'm in my

opinion sharing just the truth and the

focus truth so be it uh so the echo

chamber prefers and amplifies uh stuff

like oops that's the wrong screenshot

hold on let me put the right screenshot

up there uh because that is a good one

and and and keep in mind an echo chamber

is a very bad way to invest because

really what happens is in an echo

chamber you're

basically removing any negative uh

information Discovery and that's really

bad because if you

remove any of the negative information

Discovery then what you're left with is

only positive information and then

you're kind of in this situation of like

H why is the stock going

down and you don't know then and that's

bad like you should know so here's the

echo chamber uh instead the chamber I

should say the echo chamber prefers to

amplify this so soer just puts the

eyeballs which is a very Elon Musk esque

thing uh and it's I think Elon is

pivoting to Tesla from selling cars to

selling rides and the resulting value

creation will be unlike anything the

world has ever seen before that's very

Elon Muses already uh and so what I

wanted to do was look at all right if

ride hailing is going to be such a great

uh uh you know pivot for for Tesla and

that's the future of of Tesla's value

drivers first of all let's consider the

source who's promoting this let's see

what kind of tweets they post uh first

principles okay that's that's very Elon

Musk X software engineer Tesla 23 plus

shareholder venture capitalist and

entrepreneur and founder he is pin tweet

Tesla Robo taxi unveil is probably now

just 6 months away close good prediction

it's actually closer to like eight nine

months away but that's pretty good uh

Elon is pivoting the entire company to

selling rides probably increasingly

being built by Tesla humanoid robots

this this is actually quite delusional

to think that the humanoid robots are

really doing anything at this point but

uh uh but anyway then He suggests that

uh people who count car deliveries are

just

Knuckleheads ah okay uh and uh and and

basically uh promote hit pieces from

Reuters that's the mainstream media and

some laid-off employees

rants okay I get it I get it bro you're

a Tesla shareholder I got that loud and

clear in fact I'm pretty sure all you do

on your account is talk about buying

hold Tesla Tesla vehicles Elon Musk

Tesla cyber cab predictions you this guy

makes predictions every single day about

Tesla Elon playing with Tesla Q all

right this is quite exhausting every

single day it's Elon stuff all right I

got it all right it's a cultist fine so

Robo taxi is going to be the big value

then right so what do we have or what do

we know about Robo taxis and the goal of

some of the ride hailing companies okay

so let's see well we have Lyft and we

have Uber so let's take a look here Lyft

is very popular it has A7 billion market

cap that's 12th the size of uber Uber

today's or Tesla today is down about

1.3% which literally is the same as lift

going to zero so if we're so excited

about ride healing it's worth

remembering that when Tesla stock farts

1.3% you literally gain or delete an

entire lift in valuation so I'm not

convinced that ride hailing is really

what I want to bet on Because unless you

are the first to mind which really like

uber is you're not getting the valuation

premium so what does Uber say about

pricing and and their growth I mean do

do they have a lot of pricing power

pricing is relatively flattish H got it

so audience growth is up

15% and pricing is flattish okay so

basically net pricing is going down

interesting okay

what is Lyft saying about pricing we

don't talk about it too much externally

but we do it so we can actually bring

prices down we want the highest volume

oh great okay got it so Lyft and Uber

are trying to get as much volume as

possible even if that sacrifices

price well that is capitalism after all

right drw prices get more competitive

get volume get more users in the system

and potentially monetize in other ways

than just rides the rides basically

become worth less and less over time

this is pre- robotaxi well did Uber say

anything about robotaxi yes they did

first they compl Tesla and FSD and then

they say the goal is to expand markets

safer rides lower prices the promise of

autonomous vehicles is lowering prices

we think that technology is going to

take a lot of time to develop there are

regulatory framework risks and it's

going to be a long time a long

transition period where you see a

penetration of autonomous vehicles

increase Uber then sh out out other

competitors like wave we talked about

wave in fact if you just go on ec.com

you'll see wave here the UK startup we

talked a little bit actually quite a bit

about their neural Nets and how they can

use uh their camera first endtoend

neural Nets drive by wire but they can

also integrate liar and radar which I

thought was

interesting by the way we first talked

about this Uber earnings call a couple

of days ago it was either yesterday or a

couple days ago in the course member

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with the direction uh our trade was

going this morning uh so I cut the win

short at one point I was up 6K on the

trade uh up 4k on 14,000 at first really

really thought I was going to get a

bigger bounce uh didn't get it but uh

that's okay not every single day can be

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money uh but it's not a guarantee so

going to keep pushing those trades and

uh we have a lot of fun doing them and

there's a lot of learning for everybody

as well so hopefully we can keep making

some printing some money so what do we

got here uh so I then mentioned that I

think the C CEO is right to say it's

going to take time but the concern that

I have is not only is that transition

going to take time but in order for

Tesla's Robo taxi to really take mental

share from Lyft and Uber you're you're

having to bet that Tesla's service is

going to be so much better than Uber and

lifts but the problem is do people

really care like what do people care

about first principles okay what do

people care about first principles when

you call a taxi you care about getting

from point A to point B in reasonable

safety and comfort

that's it so then am I going to wait 5

minutes longer for a

Tesla when I can get an Uber you know

faster no so we're not really going to

compete on who's driving we're going to

compete on speed and price and

unfortunately that's going to become a

commodity but it's not just that I also

think there's a real I hate to say this

risk to Tesla because this is going to

be an ironic Loop okay so this is a

reward for those of you who actually

watch these to the

end watch this okay if the future is

Tesla's

FSD uh then Uber could buy Tesla Robo

taxis unless of course Tesla just Moes

it all which I don't think they will

since they're so open to licensing and

selling Vehicles Uber could just buy

Tesla Robo taxies put them in the Uber

app and then when you go to order like

an EV or an extra-- large Uber or a

comfort Uber or Robo taxi Uber you could

just get a Tesla through there so now

all of a sudden you're still in Uber's

ecosystem getting a Tesla Robo taxi but

guess

what what is Tesla's valuation then

still distill down to does Tesla's

valuation distill down to FSD no because

in the future frankly all car companies

will have full self-driving people will

just pick the car for what it is a car

so does Tesla's valuation go up because

Uber is allowing you to Robo like ride

hail a robo taxi through

Uber

no this affects people's ability or or

the valuation of Tesla is affected by

selling more cars and so once again we

go down to selling more cars and

Manufacturing cars at a higher

margin that's what Tesla is Tesla is all

about selling cars at a higher margin

than anybody else can do it for

and I still think that has serious

valuation premium to it but can I really

like if somebody's like Tesla's only a

bet on robot taxis is that a bet I'm

willing to make absolutely not I want

that engineering expertise and seeing

the robo taxi team get booted oh sorry

not the robo taxi team the head of

product launches uh leave after the

supercharger team leaves it just is

doesn't give me confidence that what's

actually happening is that great to bet

on because people aren't even willing to

wait 3 months and they're basically

yoloing their

careers on Tesla's 88 event being a

nothing burer that's scary can not

advertise these things that you told us

here I feel like nobody else knows about

this we we'll try a little advertising

and see go congratulations man you have

done so much people love you people look

up to you Kevin P there financial

analyst and YouTuber meet Kevin always

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