Elon Musk and Tesla Owners JUST *THREATENED* | Bad

hey everyone meet kevin here the hacker

group anonymous so just threatened elon

musk and potentially even

tesla or tesla owners by virtue of

threatening elon musk

given that they are a hacker group and

teslas are mostly electronic

and led by a lot of autonomous software

so folks

let's talk about and break down what

anonymous had to say but beyond just

talking about what anonymous has to say

i'm going to provide some facts

data and background keep in mind though

right now

this video's release is coming at pretty

bad timing

for elon musk people are very frustrated

over elon musk's tweets

and his dealings with dogecoin bitcoin

and cryptocurrencies in general and this

is leading a lot of folks to be not only

frustrated but feel like they're losing

thousands or collectively millions of

dollars as

a response or potentially as a result of

elon musk's

tweets with that said let's get into the

message

from anonymous here and uh let's see

what you think we'll add some color and

clarity let's see

all right this is the uh the intro

yeah dark and scary unlike my background

not dark not scary and colorful and fun

okay let's get into it greeting citizens

of the world

this is a message from anonymous for

elon musk

for the past several years you have

enjoyed one of the most favorable

reputations of anyone in a billionaire

class

because you have tapped into the desire

that many of us have to live in a world

with electric cars and space exploration

but recently your carefully created

public images being exposed

and people are beginning to see you as

nothing more than another narcissistic

rich dude who is desperate for attention

now obviously this desperate for

attention fact comes from

elon musk's twitter efforts but it

doesn't help that elon musk was just on

snl with an entire episode dedicated to

him

dressed up as wario in one scene and

well

other characters in other scenes it

certainly kind of plays into

the anonymous message here and it is

also true

people are very excited by the thought

of space exploration

neurolink electric vehicles sustain a

sustainable future

it is a very popular sentiment because

that is a direction that society is

heading in but let's keep going here

it appears that your quest to save the

world is more rooted in a superiority

and savior complex than it is in actual

concern for humanity

this this is essentially the feeling of

elevating yourself as somebody who has

almost godlike powers to get people to

follow you

has been obvious to your employees for a

long time who have faced intolerable

conditions under your command for years

it is also obvious to the young children

working in your overseas lithium mines

which are destroying the local

environment as well these are not

tesla companies or elon companies these

are companies who do source lithium and

some of them do use child labor and this

is exactly why

elon musk has tried to escape not

only purchasing materials from these

companies but also getting away from

using things like cobalt

which cobalt is probably the number one

material

when it comes to determining ah or is

child labor used well i don't know

is there any cobalt in it the odds of

child labor being used when it comes to

cobalt or substantially higher than any

other kind of material or mineral

this is one of the reasons many

manufacturers are trying to escape the

use of cobalt

let's keep going you have been open

about your willingness to stage

in order to install dictators in places

where your toxic products are being

mined

you have even prematurely crowned

yourself emperor of mars

a place where you will be sending people

to die your fanboys overlook these

issues because they are focused on the

potential good that your projects can

bring to the world

but you are not the only show in town

and your competition is growing more

intense with each passing day

this is a pretty strong slam at just the

tesla brand in general

it's kind of a concern that a lot of

investors in tesla

already have that oh my gosh there's so

much competition

the ford lightning and lucid and

mercedes and bmw

and everybody's coming out with evs now

tesla's dominance is going to go away

it's a really good pain button to push

it's a really smart thing to include in

their messaging

because the this line right here is

something that could potentially send a

little bit of a shock into

existing tesla investors and i i would

i would expect that anonymous is ideal

goal would be seeing a nice

drop in tesla's share price on monday

because hey it just amplifies the

messaging right

especially if news pieces come out tesla

drops after anonymous video right

there are plenty of other companies

working on space exploration and

electric vehicles

except unfortunately none of them are

landing rockets back on drone ships

you are just the only ceo who has gained

a cult following through ship posting

and trolling the world on social media

in fact many people are now learning

that the vast majority of tesla's income

doesn't actually come from selling cars

it comes from government subsidies

selling carbon tax credits for your

innovation with clean energy

this technically isn't your innovation

though because you aren't actually the

founder of tesla

you simply purchased the company from

two people much more intelligent than

you are

martin everhard and mark so uh first

things uh first

history on tesla elon musk joined the

engineers that were just pictured mark

and martin to help run

tesla motors and musk took a pretty much

a managing role in designing the first

electric car that tesla manufactured

the tesla roadster but not only did he

do that when he joined in april of 2004

elon musk invested 6.35

million dollars of tesla's 6.5

million dollar series a funding round

that's over 90

and by doing that he actually became the

company's chairman

so he actually didn't have this you know

fallout which we're going to get to

with mark and martin until about 2008

and 2009.

so you got to scroll the wheel back to

2004

and realize that elon musk came aboard

tesla as a welcomed

managing partner and investor so i want

to make that clear again in 2004 musk

invested

6.35 million dollars of 6.5 million

dollars available

in series a funding it's like the first

equity rate

that's a lot and two years later in 2006

after elon musk funded the company over

90 again

and was one of the managing directors

and was a chairman

tesla unveiled the prototype for the

first version of the roadster which

finally launched in 2008. now mark and

martin whom anonymous is saying

elon musk just kind of stole the company

from remember they worked

with elon starting in 2004 and it wasn't

until the

end of 2007 that martin and mark

ended up leaving the firm and elon musk

invested another

20 million dollars into the company so

we started with 6.35

back when the company was basically

about to evaporate investing 90 plus

percent

then in 2007 invested another 20 million

dollars

finally took over after martin and mark

left because of disagreements with how

quickly they could fulfill orders and

design

disagreements many other disagreements

and ultimately by october of 2008 kind

of like right around the time the

recession was happening

the elon musk invested even more money

into the company

and ended up becoming a ceo at the

company or i should say the ceo

one of the reasons he became the ceo was

because it was also very difficult to

find a ceo

since there really were no other ceos

for electric vehicle companies that had

the startup culture because

they were kind of one of the first now

this kind of

switch in leadership here was not super

easy because

a year later in 2009 mark and martin

ended up

suing elon musk and tesla accusing musk

of forcing them out of the company they

found it

but they ended up dropping the lawsuit

now something important to note in the

anonymous video is they show something

that

looks like an official document but this

is really just formation paperwork from

2003 when tesla was created

and again yeah it was created by martin

and mark but we just went through a

whole lot more color on

tesla's real involvement here especially

since

after martin and mark dropped their

lawsuit so they

they didn't even feel confident enough

to go through with it or fund the

lawsuit whatever

tesla was at a point that it was

basically going to go bankrupt it had

roughly 10 million dollars of cash on

hand

which was pretty much less than what it

actually needed to build cars

and it wasn't until in may in 2009

a daimler ended up buying a 10 stake in

tesla for 50 million dollars

that cash infusion briefly gave tesla

the opportunity

to survive until of course tesla got

finally a massive 465 million loan from

the u.s department of energy allowing

them to survive

longer now that was a loan not a tax

credit

now this gives you a little bit of a

history as to yeah okay

tesla wasn't like some rich company and

elon musk didn't just come in and steal

the company

there's a whole lot more color involved

here tesla has also made more money

holding bitcoin for a few months than

they did in years of selling cars

okay so the problem with the carbon

credit argument is actually

interesting so the carbon credit

argument is that hey

wait a minute elon musk and tesla

receive carbon credits and that's why

they're profitable and this is true

tesla became a whole lot

more profitable when they started

receiving carbon credits and assistance

from governments around the world it's

not just the united states it's the

state of california

it's germany that helps them i mean look

for example

in california you get a fifteen hundred

dollar california clean fuel reward for

all new electric vehicles registered in

california

you also get two thousand dollars or

twenty five hundred dollars

as a rebate based on income for model

threes and model wise

and again you're gonna see credits in

places like china and germany because

governments wanna see less carbon

emissions

this is normal really what you're doing

is you're just saying okay if tesla had

a

break-even point or a point where they

became profitable in let's say 2023

with carbon credits maybe they can

become profitable a couple years earlier

it's really just incentivizing and

speeding up the

path to profitability while also trying

to make sure that companies

that are innovating and creating new

technologies don't go bankrupt

on their path to innovation but it is

true if you take out a lot of the

electric vehicle credits

it's hard for tesla to be profitable at

this point but tesla's also only

manufacturing 500

000 cars now that might sound like a lot

but keep in mind that toyota

manufactures 14 million cars

and so it takes a lot longer for tesla

to get to scale consider the fact that

austin uh the gigafactory that's being

built in austin texas

still under construction gigafactory

berlin still under construction

gigafactory fremont produces about maybe

250 000 cars but it should get to about

500

000 cars hopefully this year and in the

future might expand to being able to

manufacture about a million cars per

year

and the same is true for tesla shanghai

probably on

pace to do about 500 000 vehicles this

year so maybe tesla can get about 1

million combined out of the door

this year that's roughly an expectation

right now the tesla's going to break a

million vehicles

but the problem with companies and

electric vehicle companies

is the cost curve is very much like a

half pipe and this is relatively the

concept of economies of scale

costs are very very high per car where

you're losing money while you're

creating manufacturing facilities

same thing is true in neo and other

companies lucid it's all gonna be true

and that cost comes down for every extra

thousand cars you produce

until you get to this beautiful sweet

spot where you're finally at scale

and you're able to manufacture companies

or manufacture products and cars

and mass without having to rely so much

on those credits

but yeah look tesla gets credits just

like any other electric

vehicle manufacturer and yeah that

pisses some people off for example

michael bury ended up shorting

the company with a 534 million dollar

short position against tesla solely

because he believed

well maybe not solely because but one of

his reasons was because he believed

tesla relied too much

on regulatory credits for profits and

that that was a big red flag

it's not a bad argument it's just more

of a temporary transitional argument

let's keep going here martin everhard

and mark tarpenning

tesla has also made more money holding

bitcoin for a few months than they did

in years of selling cars

yeah i mean this isn't exactly untrue

tesla made over 100 million dollars

so flipping bitcoin so to speak and that

has pissed off a lot of bitcoin folks

the big u-turn on bitcoin has been a big

problem and this is where folks are

really pissed about elon

uh basically uh being counter the

hard-working people who

you know want to invest in things like

tesla or bitcoin and both of those

have recently fallen substantially it is

also more than likely that this bitcoin

was purchased with money from these

government subsidies

i mean that's not a bad argument the

argument that hey look i mean if you're

getting all this extra cash from

government credits

i mean even though you've got 19 billion

dollars in the bank some of that came

from credits

if you didn't have the credits you

wouldn't really be profitable so where

would all the extra cash come from

and now you're investing that into

bitcoin which bitcoin

you know now you're you turning on

because it's not super green wait

what are you confusing the argument here

or what's happening elon musk

and this is exactly what anonymous hits

on next is now widely believed that you

have been forced to denounce your

company's involvement with bitcoin in

order to keep that green government

money flowing into tesla's coffers

the energy use argument about proof of

work mining is a very nuanced

conversation that requires a fairly

complex understanding of how power grids

work

and how excess energy is wasted by power

companies

yeah here's a very basic explanation of

what the individual here says

is he suggests look you can't just say

that bitcoin is bad because it uses a

lot of

energy for its proof-of-work model and

this is true you can't just say that

bitcoin creates amazing opportunities to

utilize

energy in areas where nobody else can

utilize energy for example if you have a

solar farm

in the middle of nowhere you could set

up mining rigs and yeah it's creating

or burning energy over there but nobody

else would be using that energy

in the first place so it's not like

you're really wasting the energy the

bigger problem that came up

is that presently we believe 70

of cryptocurrency miners who use energy

to

verify transactions 70 of them use some

form of renewable energy

but the problem is the latest estimates

are that only about 30 to 35 percent of

energy used is actually renewable so

it's kind of like if you have a solar

panel to power your coffee pot

it doesn't exactly mean you're using

renewables for everything right

and so if only about a third is

renewable that does mean that currently

the other you know 70 of crypto or

bitcoin's energy usage is

fossil fuel based and that concerns a

lot of people

and this is sort of the argument that

elon musk has been taking that whoa

wait a minute wait a minute we can't

grow our bitcoin use while at the same

time

trying to be pro a green future we need

to get to a green future

and then increase our energy like we

can't just increase our energy usage

and then try to have renewables to catch

up this is one of the reasons

elon musk created the north american

cryptocurrency or bitcoin council

to work with north american companies

like hud 8 to promise

more renewable energy transparency but

anyway let's keep going

and sought out by crypto miners this is

a conversation that you have been having

for over a year and were intimately

aware of

but as soon as your main source of

income was threatened you pretended to

be clueless in an attempt to play both

sides of the fence

all right so this is an important

mention here after this video came up we

spent about four hours trying to find

any indication that tesla had been

threatened

that their renewable credits would be

taken

away if they used bitcoin

or accepted payment in bitcoin there's

nothing there's literally

nothing that says tesla won't be able to

get credits

if they invest in bitcoin it's just an

assumption

and it's important to say that because

the way this is conveyed is that

elon musk's income source was threatened

they're saying he only makes money from

credits and now that's being threatened

so he u-turns on all the people

well wait a minute sure it definitely

feels like he you turned on all the

people

but we don't actually have evidence that

his income stream was threatened

we do have the implication though that

maybe it was

because guess what's happening well joe

biden is looking at

massive new plans for brand new ev tax

credits

and electric vehicle subsidies in fact

the president has included 174 billion

dollars for electric vehicle subsidies

in his two trillion dollar

infrastructure proposal we also have the

u.s

senate finance committee advancing

legislation on wednesday

may 26th that would boost ev tax credits

to as much as 12 500 to ev manufa evs or

electric vehicles

manufactured and assembled by union

workers in the united states

that's a lot of money and we have a

clean energy for america bill

which advanced on a 14 to 14 thai vote

in committee

and it would eliminate existing ev caps

or credit caps which again also helps

the eevee industry

there's also another eevee proposal led

by senator

debbie steven now michigan democrat and

this would boost the 7 500

tax credit to 2500 for vehicles inves

or assembled in the united states and

another 2500

for vehicles that are put together by

labor unions represented in the united

states so in other words

there are massive programs for more tax

credits coming

or there are massive bills with more tax

credits coming

but there is a possible argument that

hey well wait a minute if you're going

to start using bitcoin and accepting

bitcoin

maybe we're going to make you not

eligible for those now we don't we don't

know that

that's just speculation it's speculation

that hey

you know well if they use bitcoin and if

that's dirty then then maybe they're not

going to be able to get some of those

credits

we don't know right now there's no

evidence of that but

that and implication is there we also

know that elon musk u-turned not because

of knowledge he's had over the last few

years

but based on what elon musk said he

actually you turned in part because a

coal mine flooded in the hutube county

region

of china and that flood

led to hash rates on bitcoin proof of

work mining

to plummet 30 percent implying that 30

of bitcoin mined in china

is actually driven by fossil fuels in

this one

area where the coal mine flooded

signaling a possible

massive impact uh especially since

most bitcoin comes from china signaling

a potential

massive impact that fossil fuels have

and fossil fuel mining like coal mining

has on the bitcoin industry and shortly

after that elon musk reported

that tesla was no longer going to accept

bitcoin as payment

for teslas so you can see there's

there's literally

endless amount or an endless amount of

detail

that's kind of missing but then again

their video is only three minutes long

but it's kind of important to have these

extra details

then your move to create a bitcoin minor

council was rightly seen as an attempt

to centralize the industry and take it

under your control

reading from uh you know in fairness the

the trying to centralize the bitcoin

industry

there's no way china's going to

participate in my opinion in

elon musk's north american bitcoin

council and they do most of the bitcoin

mining so

to me it's a little more symbolic than

anything else in the comments on your

twitter posts

it seems that the games you have played

with the crypto markets have destroyed

lives

millions of retail investors were really

counting on their crypto gains to

improve their lives

this is something that you will never

understand because you were born into

the stolen wealth of a south african

apartheid emerald mine and have no clue

what struggle is like for most of the

working people in the world

okay okay okay apartheid emerald mine

like the thing is ah

there there is this sounds really really

really bad

like the way it's it's stitched together

uh and uh

and it's a problem because yeah

if you look into the history there was a

mine

that was bought in part by elon musk's

father in the mid 80s okay and we gotta

talk about this a little bit so here's

what we have

so according to business insider in the

mid-80s which was during the apartheid

elon musk's father sold a plane for

about 80 000

euros to a group of italians and then

bought half of an

emerald mine and apparently had uh

some sort of deal where he was

collecting and this was from an

interview with the father

uh a deal where he was a half owner of

the mind and he got paid

essentially in emeralds for the next six

years and talked about how this was

lucrative and how they employed a cutter

in johannesburg

and then sold stones wherever he

traveled as an engineer

or wherever holidays took him so you

know i i mean it seems like a little

inefficient way to sell emeralds but

i suppose that was uh one way this uh

elon musk's father

made money now elon musk says this is a

pretty awful lie

he says i left south africa by myself

when i was 17 which would be around 1989

with just a backpack and a suitcase of

books he worked at his mom's cousin's

farm

and a lumber mill and then went to

queen's university with a scholarship

and ended up in over a hundred thousand

dollars

worth of debt in college so obviously

different stories here but it does look

like the mine was probably owned

right before a few years before elon

musk left

south africa and then elon musk went to

university

now may musk says that uh they were

pretty much broke

and and this is elon musk's mother she

says we could not afford to dine out i

had a client

with a butcher once a month he would

give me a beef

roast i would cut it up in four pieces

freeze three and cook one away so we

would have meat once a week

that was uh from an interview with the

huffington post in 2015

and at one point mae musk suggested that

she had to work five

jobs to make end meets uh ends me sorry

including being a model at one point

so then you have elon musk suggesting

that

his dad is evil in a rolling stones

interview with tears rolling down his

face he said my dad will have a

carefully thought out

plan of evil he will plan evil almost

every

crime you could possibly think of he has

done almost every evil thing you could

possibly think of he has done

it's so terrible you can't believe it he

was such a terrible human being you have

no idea

you know when when you hear this it kind

of doesn't seem like they got a good

relationship

but yeah i mean look people don't want

to hear that the

self-made now billionaire uh you know

had had a father with an emerald mind or

an ownership stake in an emerald mine

but again

lots more details to know all right keep

going here

of course they took the risk upon

themselves when they invested

and everyone knows to be prepared for

volatility in crypto

but your tweets this week show a clear

disregard for the average working person

as hardworking people have their dreams

liquidated over your public temper

tantrums

you continue to mock them with memes

from one of your million dollar mansions

you may think you are the smartest

person in the room

but now you have met your match we are

anonymous

we are legion expect us

so expect us is obviously a nice little

cliffhanger of a threat there

to elon musk but yeah i mean gee

there's a lot to unpackage there and i

want to hear what your thoughts are i

mean look

this has not been very popular for elon

musk folks were just

basically cheering f elon at the bitcoin

convention

in miami and uh that's happening this

friday and saturday

and boy oh boy this is uh not a very

pleasant threat to

elon musk or quite frankly tesla that's

the owner so

it'd be very interesting to see what

happens in the stock market on monday

but anyway if um if my video last week

talking about a tesla and a fud and the

culmination of

the most amount of fun i've ever seen

wasn't enough here's another piece

to add to the pie it's been a disaster

for tesla let me know what you think in

the comments down below and folks

we'll see you next one

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