Tesla gets SCREWED by California due to Trump | Complete BS!

got to be kidding me there's a reason

why we call this guy Gavin new scum

because listen I I ran against the guy

for governor in California I know this

guy uh to the extent that he's a coward

didn't want to debate leading

competitors against him he thought it

was unjust that Californians would vote

to recall the guy by petitioning to do

so and now what is he doing he's saying

hey if Donald Trump gets rid of the

$7,500 Electric Vehicle tax credit then

we will reintroduce Electric Vehicle tax

credits in California that previously

expired but we will exclude Tesla you

know why pure politics now In fairness

Elon Musk has put his nose as far up the

political Spectrum as you could

potentially get so I understand

that In fairness I totally get it and

now Elon has become an enemy of the left

and this is Gavin nome's agenda is he

wants to run a presidential campaign

under the premise of doing whatever it

takes to show he is only for the left he

is not for what's good for California he

is not good for what's good for

Americans he stands for what's good just

for the party of the left that's why in

California just to show you how extreme

this was when they had the recall

election the Democrats said vote no on

the recall and leave the replacement

candidate blank I want you to think

about that rather than having a backup

candidate in case Gavin got recalled to

replace him as another Democrat they

would rather vote no that's because

that's who they are that is the party of

gavan they would rather make a point and

say hey forget about the fact that

California is one of the largest

manufacturers of electric vehicles

because of Tesla let's forget about the

fact that Tesla is the largest

manufacturer and best manufacturer and

most profitable manufacturer of electric

vehicles in North America and quite

frankly let's forget that it is a

homegrown American company that will

also likely be a pivotal part in

manufacturing humanoid robotics in the

long term in the future as we innovate

and move forward let's forget about now

using politics to punish

Innovation and let's instead focus on

gav's presidential campaign so let's

take californ tax dollars and go

subsidize Ford and GM so we can have

more volts driving around or you know

what let's subsidize hybrids which you

know what that means we're going to

subsidize Toyota which don't give WR

Toyota makes fantastic

cars but Gavin usum is not rising to the

occasion here he is stooping to the

level of ridiculous politics now don't

get me wrong you could say that Elon

Musk has done that as well and trust me

I've disagreed with that and I know why

Elon is doing it Elon is doing it

because he realizes I want you to think

like five steps ahead for a moment this

is how Elon thinks he's a five step

ahead thinker okay so let's go five

steps ahead five steps ahead what is

what does Elon Musk see he sees China

taking over full

self-driving and yes and a full

self-driving and electric vehicle

manufacturing why why because their

labor is a fraction of the cost of

American labor that's why they going to

plant in China but now they're getting

beat at their own game in China because

Elon basically helped innovate the

electric vehicle and Battery

infrastructure in China with the help of

the Chinese and now they're using the

inroads that have been made in Supply

chains and Manufacturing in China

against Elon and now they're starting to

restrain uh some of the support for Elon

notice how you're not getting a lot of

new factories popping up in China know

you're from Elon yeah you're getting an

expansion in Shanghai don't get me wrong

it's not like it's a full shutdown but

it's not going to be the way it used to

be and that's okay that's because they

want to prop up uh byd and some of the

other manufacturers that are honestly

killing it in China they can manufacture

much

cheaper keep in mind if it weren't for a

tariffs dude we're stuck in a G man oh

we also got so close yeah fist bump

apparently it's good luck if you get

stuck right by one of the posts no like

on the wheel like on the Wheel Wheels

okay yeah we we didn't get lucky on that

one uh but anyway so what you really

have to think about is the five five

steps ahead that Elon is thinking if

China oh well I was going to finish the

thought of if we didn't have tariffs

already against China we would all be

driving Chinese vehicles they are good

now the manufacturing has gotten good

look at the iPhone it's a perfect

example of Chinese manufacturing it used

to be Barbie dolls in China now it's

complex Electronics the gimbal that I'm

using right now DJI

all Chinese the Drone that's in my back

you want to take that little droney out

you can show everybody the little drony

that's in it's freaking awesome just

unzip it it's not in the big zipper it's

in the front zipper in the little one in

the front but I want you to think about

this so what is elon's fifth step ahead

I'm going to pick up on that because I

think you got the droney there oh you

got candy in there too if you want some

candy you can munch on that yeah that's

like nine calories a piece per one of

those Sour Patch kits it's actually not

bad if you're you're counting calories

nine calories a piece and not that there

it is there's the uh DJI Neo this thing

is awesome because if like anybody walks

into it or crashes show the little

propeller guards Just Hold That Thing Up

flat there you go look at that uh and

you can put it on follow me mode how

good is it um

it's rock there's also one like cires

here like where you look cool Chinese

manufacturing baby all right shove that

back in there so the five steps ahead

think about this why did Elon go so

political frankly because in his fep

ahead plan he has to

because if it were not for Donald

Trump's at least promise of

protectionism you wouldn't have the

promise of tariffs against Chinese

manufacturers you wouldn't have the

promise that we are going to try to stop

China from getting to South America

because then they are on our doorstep

they go into Brazil then they go into

who knows I don't know Mexico obviously

that'll be the next doorstep that's

already where the other manufacturers

are right and then they start sneaking

over the Border I mean that's just

eventually the way it will work

eventually we'll probably all be a

Chinese cars Don Elon Musk thinks hey if

I could delay this for five years or

more maybe I could actually get FSD to

where it is ready for full self driving

because it's just not yet so he's buying

himself time with Trump the four years

is exactly what he needs to buy himself

time with Trump that's why he's sitting

and camping out at Mar Lago all the time

it's because actually it's good for the

survival of Tesla that's why people bid

this stock up so much now look it's

overvalued have a much smaller exposure

to the stock than I've ever had before

uh and I think I'm going to have plenty

of buying opportunities by low but but I

want to DC it because I think it's a

great company uh and I love the people

who work for Tesla I think the valuation

is a little high right now but that's

okay look how beautiful this views by

way yeah it is uh but anyway uh so no

think about the pettiness though the

pettiness of Gavin Nome Gavin Nome is so

freaking Petty that he wants to start

his 20128 presidential campaign off with

I will make American companies my

political enemy even though they

contribute to California GDP California

jobs environmental environmentalism

which is what you should be encouraging

if you're on the freaking

left he would rather take political

prisoners and say hey I don't need to

stoop to that game if Donald Trump gets

rid of the EV tax TR all he would have

to do is I will include all electric

vehicle manufacturers and you know what

I won't even play politics Teslas will

get as well have some balls Gavin

Newsome but he doesn't weak weak weak

weak person so I think this is once

again an embarrassment of California

it's sad California should be

encouraging Innovation it should be

encouraging more tax credits to expand

the building of of of robots uh in

California in fact you know that's what

we're doing with roboh hack. a is is

we're hunting down robotic Investments

we got a great one we're doing du

diligence on now I've already invested

in it I think it's fantastic roboh hack.

a we've like a few slots left we're

closing that next Tuesday uh and then I

think in what 3 weeks we're closing out

house which is crazy that that that

round's almost going to be over as well

uh it's coming up close and fast uh we

got Black Friday coming up this boy it's

just a busy season but uh look I hope

you're having a wonderful time out there

I saw this and and I just about vomited

in case you are wandering from a

technical basis Tesla did lose the 347

level Bitcoin has also you know been on

a little bit of a down it's almost like

you kind of priced in that Michael

sailor was going to buy you a bunch of

multi billion dollars worth of bitcoin

and now you're hitting the cell wall a

little early Not Unusual I think it

becomes unusual if we start losing the

'90s and the 80s threshold uh and then

you start scratching your head going

okay was enthusiasm fully baked in in

fact if you look at the alpha report

this morning uh what did you see in the

alpha report this morning in the alpha

report this morning you can get it at me

kevin.com Alpa right in the alpha report

this morning I said I don't know Futures

are up so much I kind of feel like all

the good news is already baked in and

what happened the

cu's straight down into the close you

went you went from like 90 basis points

1% up almost to uh uh to 16 basis points

up at the close nface held super micro

held duhh cuz they're not like they're

valuations are so freaking cheap they

kind of have to they're they're cheap

and they're fundamentally good they're

fundamentally

growing so that's very exciting now uh

what else do we want to think about this

is this is just the Midway Point okay so

we actually have another have to go how

crazy is that yeah yeah mid Midway

Point let go yeah oh oh we're stuck I

guess we have to go halfway down again

uh anyway so shout out to Whistler by

the way beautiful freaking place I know

I the first couple days were a little

tough cuz we were a little lost but now

that we're not lost how how do you like

this place compared to Park City Park

city is still better but this place is

good Park city is still better but okay

all right all right I I like it and I

think the more familiar you know we

haven't even tried the Whistler Mountain

yet so we got some work to

do yeah we don't want the greens

anywhere though take you on all the

blacks no I you don't ride the

blacks what do you ride I want a freshly

grew black I ride the blues you ride the

blues

okay I like the blacks

anyway so um okay so now uh look when it

comes to politics uh I I am cute wall

politics and also this tax credit I do

think it's bad for Tesla that they are

getting rid of the E tax credit I'm not

a fan of that uh and I said that I I've

maintained that position for a while uh

and it makes sense it is uh it's it's

just it's going to make these vehicles

more expensive and I'm telling you as

look okay I've had every model of Tesla

I like there has been almost uh the

original roadstone the model my black x

uh that I got in 2017 and and you know

me have been making videos on Tesla

since 2017 about how amazing this is and

how great this company is like I I never

want to feel like I'm ever anti- Tesla I

could be temporarily anti euphoric

valuation but not anti the company ever

don't do that that's bad uh

so this company has the best vehicles

that exist not necessarily the highest

like finish quality right that's what

lucid's trying to go for they're going

for like the whole Porsche experience

but I I don't I don't want to I don't

want to Lucid okay the the self-driving

they got all the liar stff this stuff

isn't even enabled yet this is a joke I

mean one day they'll get with the Nvidia

technology maybe when nvidia's ready but

they're not there yet you know Nvidia is

basically fully priced anyway you're

topped out on some of these mag S names

uh but uh what you really want got ought

to think about is these are the best

vehicles

but this economy is getting tighter

people are tightening down and when

people tighten down it means when they

go for a new

car and now all of a sudden that Tesla

is for an entry-level Tesla on a $32,000

model 3 let's say is now without a tax

credit knocking on 40K and you don't get

FSD until 50k bro 50k car man oh man

you're going to be sitting at Camry 28k

you know hybrid Prius 28k something like

that the $20,000 difference man

alternatively and this is what I

recommend and I will say like every

single day I get a a referral that seems

to be coming in metkevin.com Tesla for

the Tesla I think because people know

the credits are going away so they're

like we it uh but

uh the hybrids are really good okay but

my first car I put my face on it you can

probably Google it meet Kevin Prius uh

it uh it was a Toyota Prius very very

good well was my first car the first car

I ever bought uh very very good but I

will say I feel like I prepaid for6 ,000

worth of gas because I could have had a

$22,000 car and had the same thing but

there's also a little bit of an image

that goes used to go with having a

hybrid now that image sort of bestowed

on the E East although it's it's a

little torn now because of politics and

Elon lately so I don't even know car

image

anymore but um it will make these

vehicles more expensive relative to

other cars and in an economy that is

slowing down it is slowing down it is

slowing down so I I just want to

everybody be careful about this you know

this morning I a video I was talking

about home equity lines and credit and

everybody's like oh my gosh you're

putting Deb on your house oh my God like

dude first of all you need to get

educated okay the the home line to

credit is a 10-year term usually with a

20-year advertis period which means you

have a 10-year draw period so let's say

you get a $100,000 equity line on your

house you pay zero in interest until you

draw the money then let's say a really

good fix or uper wedge deal in real

estate comes up like we buy with house

tck all the time what do you do you use

that 100K for your fix up or your down

payment or whatever on the other

property

now you have another asset you know

build that the cost of your equity line

into the new investment that you're

making uh so you can Rite it off uh now

you have an interest that you're writing

off because the debt follows you know

you're where you're investing it if you

use it to pay off butter like credit

cards or whatever you don't get to write

off the interest bad idea so don't do

that don't don't pay don't ever pay off

your freaking credit cards with a

refinance or a HELOC you'll just go into

credit card debt again it's a really bad

idea uh and uh you don't actually pull

it you don't pay interest until you pay

off or until you find another investment

vehicle and then you start paying

interest and because it's variable and

it usually moves with Wall Street Prime

it'll come down as the FED lowers rates

which is great especially if you go into

a recession the problem is when you're

in a recession good luck getting the

home equity line of credit so you want

to establish the home line of credit you

know four years before you need

it so that way if the recession is going

to happen between now and four years you

get the credit line now don't use it

wait for the recession in the recession

then you pull it out and use it or maybe

slightly before the recession you pull

it out you put it into a checking

account in case you start hearing that

they're freezing credit

lines okay then you can pay interest

only for 10 years IO 10e period Well the

whole line is established 10 years IO uh

and then it fully advertises it freezes

fully advertises to pay it off

completely over 20 years it is one of

the best loans you could ever ask for

because you could establish it and not

pay a time you might have like a $50

annual renewal fee at your local credit

unit or whatever it's they're so amazing

they're so good so good right jack m

fist ball do you have fun today come

here dude I love you man so far I've

seen nobody go up well I've only seen

one person go up yeah cuz they're

closing the lips in like 20 minutes so

doesn't really make sense for to go up

the one person that just got

[Music]

up might be working here

too anyway uh so um you haven't gotten

the alpha report yet seriously

meetkevin.com Alpha I was texting people

happy birthday today uh so uh we text

you the alpha report right uh I will be

back in the studio soon I can't wait to

be back I've got a lot of big plans uh

for the channel and content production

and uh it's actually a spoiler alert and

leave me a comment down below let me

know what you think about this give me a

whole lot more live streaming on the

market live channel so if you're not

subscribed over there yet meet uh just

typee into YouTube meet Kevin Market

live and you're going to see a whole lot

more live streaming over there uh

because I want to just cover more topics

during this sort of lame duck session

and I really like live streaming I mean

hey when Lex fredman pays you money to

shout you out on your live

streams maybe you're on to something I

always say let the market decide what

you should do and boy oh boy that might

be a way of the market telling me I

should do something so uh I don't know

Jack what else is there to cover I mean

treasury is did great today yield curve

reined it's freaking ridiculous uh it

just all really it just delays the

recession right so if you want what is

that Neil kashari said it's appropriate

for the FED to consider another rate cut

next month let's

go you get the notification right at the

end of my video okay I guess I get to

keep yapping for a little

bit so this is actually interesting he's

been a little bit of a bear he's been a

hawk why is Neil kashari saying yeah I

don't think another red card is

appropriate that's very interesting he's

seeing something I don't know if it was

the Chicago Bears get it the Chicago um

National activity Index this morning

that came in a little bearish very be

it's been bearish but uh I don't know

man I don't know I think uh I think they

things so getting ready to hit the fan

so and I don't want them to I don't want

to be the bear I want to tell you if

it's all good in the mood I'm

sorry wait they aren't in order this is

13 no they're not in order CU they were

Jack how much alcohol has got of today Z

zero yes yes I just know people are

going to leave that comment

hello all

right all right buddy so I think that

about does

sorry we get out of your way there all

right so uh what else I think that's it

that's all we got I mean another rate

cut you know they keep saying it's going

to be a 50% or uh what is it I think

this morning as of this morning when I

looked we were sitting at about a

59% chance I said in the alpha report a

chance of a 50 and uh I think or sorry a

59% chance of a 25 base point cut in

December uh I think that's almost

guaranteed I think they realize that

those 2 months of job revisions were

really bad and they they keep trying to

tell us that everything's fine because I

think they're trying to ride high off of

the Trump optimism for the economy

because they're hoping that businesses

start hring because if businesses

actually ramp up then they don't have to

ever go bearish right that could happen

every business starts going oh yeah okay

we were holding off on hiring hire

higher H higher hire

and then all of a sudden you get a

banger jobs

report uh you know for the first week of

December which is you know in a week or

two here uh you get a banger jobs report

well then yields a Skyrocket again and

people be like see GDP is fine get a bad

jobs report man it's just going to I

mean they might even go 50 again if you

if you get a bad jobs report here you

could end up seeing a 50 crazy so uh

we'll see that that'll be you know they

say oh yeah we're not data point

dependent we're just data Trend

dependent yeah right we get a bad jobs

report this December watch I'll call it

here first you're getting a 50 cuz they

will freak out so anyway all right we

going wrap this up

hello oh amazing got to drop off here

there we go thank you so much oh I

appreciate that all right uh let me turn

this off anyway

thanks for watching we'll see you all in

the next one Jack you want to say

goodbye too bye oh and shout out to

Daran Darian he goes by Dory finding no

Dory Dory Dory because Dory Dory um at

black home Whistler Mountain he was

great thank you