tesla damn

I hate to say it about Tesla, but every

time Elon comes back to work, people end

up bailing. I don't know if this is a

coincidence, but Elon Musk obviously

told us he was stepping back from Doge

and government work, limiting his

government work to two days, and then

eventually departing government work

almost entirely after a spat with Donald

Trump. Uh, and now he's pretty much the

purveyor of release the Epstein files

and the party that's going to drive a

wedge into the power of the Republican

party with the America party. Well, with

all of this, Elon is supposedly back at

Tesla. And what people say is when Elon

shows up again, people leave. I don't

know if it's because of conflicts in

personality uh or that you know the

people who are working at Tesla have a

certain way of doing things and then

Elon comes and you know kind of throws

the office furniture around a little bit

and people get frazzled and leave. Uh so

I'm not sure if this is just people

paperhanding or uh you know if this is

just a true frustration with you know

Elon coming back or if it has nothing to

do with it. But here we go again. Troy

Jones, vice president of sales, service,

and delivery at Tesla, has departed

after 15 years at the company. This

comes right after you lose the top AI

executive leaving the company. Your VP

of engineering and the overseer of the

development of the Optimus program

leaving the company as well as the

director of human resources leaning

leaving the company. Now, the Wall

Street Journal is doing its classic, you

know, blame game on, well, sales are

declining. On top of that, yes, you've

got the ZEV credit problem. Uh, and at

the same time, you've got Kathy Wood

who's saying, "Hey, this is great. We've

got a new base case." And you know, what

is it? It's going to be like 2,000 bucks

or something a share. Uh, and also, uh,

what you've got is, you know, an

expansion of robo taxi competition and

partnerships with Uber in China.

uh to expand competition basically for

Tesla, right? This just news. Uber teams

up with China's bu on global taxi roll

out. So mainstream media really bagging

on Elon. Very classic. How much of an

impact it is versus like on the actual

business versus a symptom of Elon just

being back. In my opinion, it's a sign

of Elon just being back. When Elon comes

back, he seems to clean house every

single time. We've seen this for years

with Tesla. Executive departures I

haven't noticed actually causing real

damage at the company.

This is Elon's ship and everybody needs

to remember that which is also the part

that depresses me. Now, I'll talk about

that depression in just a moment. What

doesn't depress me is the fact that MP

material is now at $62. And in our alpha

report this morning, we pitched at $52

in the pre-market that this sucker is

going to 60. Like this is the momentum

we need to go to 60. And it literally

ran, you know, over 18% since that call

this morning. This all all if you were

part of the alpha report, all of this

was was up for grabs. Uh and we talked

about that in the pre-market. You could

watch the course member live stream. You

could read the alpha report. The other

one we talked about was Open Door this

morning, which crushed it. So, if you're

not part of this yet, grab the

membership over at mecaven.com. You pay

once, you get lifetime access. That

option won't be available for long. Uh

you could use coupon code Mr. Too late.

Uh because uh you know, well, we think

it's pretty decent alpha. Also talked

about the potential melting of trade

desk uh after this 8541 line and it is

melting on the day. So, this was not one

that gave me enthusiasm. also did not

find enthusiasm in Tesla being able to

really break out of 318 today. Instead,

focused on Open Door and MP Material,

which are both absolutely crushing it.

Uh, but anyway, this sort of Tesla

meltdown, the thing is this is an Elon

company. And so, what that means is you

have to listen to Elon's vision and

unfortunately the decisions of the

executives or the other board members,

they matter to some extent much less.

The rest of the board wants a Model 2.

Elon doesn't want a Model 2. Elon

doesn't care about other models. And

this makes me unfortunately disappointed

about the potential for maybe getting

that Mercedes Sprinter van style or

minivan or or a Model 2 or whatever from

Tesla because Elon's focus is robo

taxing. Now he's now going to have to

compete and I think Tesla investors know

this that it's not just going to be

Tesla. BYU is going to launch robo

taxis. You're not really going to see

those in the United States. That is a

huge advantage Tesla has. Just like MP

material is an American play, Tesla is a

play on American protectionism. The more

tariffs we have, the higher consumer

price inflation is likely to go and the

lower margins are likely to go broadly

at different companies. But a

beneficiary of tariffs

generally is the American manufacturing

industry and that is what Tesla is. This

article here though talking about Uber

partnering with BYU. Again, this is an

outside of the United States risk, which

really isn't a problem because Tesla's

going to focus their robo taxi expansion

on the US for now. But BU's autonomous

vehicles will be available on the Uber

app in Asia and the Middle East later

this year, the company said in uh a

statement released Tuesday. Thousands of

vehicles will be deployed as part of the

partnership. Future rollouts will also

include Europe and Oceanana. Uh shares

of Uber rose as much as 1.4%. BU jumped

as much as 7%. BU which runs one of the

largest fleets of robo taxis in China is

the latest Chinese autonomous driving

technology company to partner with Uber

to launch its services. BU's robo taxi

service Apollo go has provided more than

11 million public rides in more than a

dozen cities globally exceeding 10

exceeding the 10 million rides by

Google's Whimo as of May. So in other

words, the Asian companies are once

again taking over. Other Chinese firms

like USlisted Wide, Pony AI, and Momenta

Technology have struck agreements with

Uber to offer robo taxis on the platform

in some European and Middle Eastern

markets. San Francisco based Uber has

struck more than a dozen global

partnerships with technology developers

and automakers, including Whimo.

Autonomous rides currently available via

the Uber app are in Phoenix, Austin, and

Atlanta. This is very interesting to me

and and again it it says that the

investment into Tesla is one of American

manufacturing and American robo taxis.

The more we hear about these

partnerships, the more you're going to

see these are going to be international.

Uh the expansion in the United States is

probably going to be Tesla and

Googlecentric but you know Whimo but

Whimo has moved very very slowly in the

United States. So, while this

competition is heating up, it's it's

heating up in a totally different space.

And I really don't know how much to care

about these executive departures because

again, if you're betting on Tesla,

you're betting on Elon. In the short

term though, you might end up getting a

little bit of pain when you get these

departure notifications. Uh so, little

bit unfortunate. It probably doesn't

help as well that we had some

inflationary numbers on the core sides

this morning. Uh at the same time as

autos were showing weakening sales,

right? Because if you put that together,

what you have is potentially weaker

sales for cars, which isn't great for

Tesla. On top of that, higher inflation.

Remember, if you remove autos from the

inflation numbers this morning, core

goods rose at an annualized rate of

6.6%.

That's a huge spike in inflation. Uh,

and it means that autos used and new

really tanked the inflation rate this

morning. Remember, you could always see

my notes over on the Meet Kevin app.

This is kind of what it looks like. You

could change the theme if you don't like

the green. You could customize your

notifications for the videos. So that

way, if you only want videos on

geopolitics or economics or pilot videos

or whatever, you can customize those

notifications totally for free in the

Meet Kevin app. Uh you could also access

your alpha report through the Meet Kevin

app if you're a course member and you

signed up over at meet.com. 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 Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.