Fox Confronts me LIVE About Elon Musk and Tesla

we've got kevin.com financial analyst

kevin parfait then parfait uh kevin

uh you have been an adamant supporter of

elon musk and of course this is his

battle with twitter uh i think he's

really trying to find the right price

and he wants the right due diligence to

do that but apparently he lost the first

round of what's going to be an epic

battle your thoughts

he's got a huge problem okay as soon as

you got a judge that brings up precedent

especially a delaware judge going back

to a 2001 case where tyson food was

forced to buy a company they didn't want

to buy anymore boy oh boy elon's got big

problems not only does elon have to rely

on a judge to side with him that twitter

fraudulently rip misrepresented the bots

but he's got to remember that twitter

has no obligation to evaluate how many

bots they actually has that's his job he

missed the vote on that one and with

this court case in delaware good luck

getting a business judge

trying to undo business precedent and

weaken contracts in delaware i'm a

twitter fan i'm sorry i'm an elon musk

fanboy okay i don't really like twitter

that much but elon's got a problem with

this he's got to get a 10 price

reduction close this deal and get out of

there before this case goes to trial

because he'll probably lose although by

the same token uh twitter

you know listen short of being ordered

to pay the the initial asking price that

stock is doomed if he has to walk away

and a billion dollars won't be enough to

sue that let's talk about technology

broader because it's staging a pretty

nice comeback

and what i like about it on one part of

this you've got these profitable mega

cap names going extremely well also

non-profitable names also making big

moves here just your thoughts on maybe

technology getting its groove back

absolutely yeah and piggybacking off

what you just said look twitter is worth

like 15

without the hopium of elon musk buying

this deal but on on

technology stocks i'm a big fan right

now of stay profitable stay away from

the unprofitables unless you're going to

turn profitable soon like matterport

matterport's a deal right now end phase

too expensive especially if homeowners

cut back when they start seeing home

value stabilize but technology overall i

think apple's on sale in videos on sale

amd even tesla these companies are on

sale personally i'm staying away from

the amazons and the facebook not too big

of a fan i think amazon's retail

business is an anchor but there are a

lot of opportunities out there you just

got to put your head into the

fundamentals and they look good netflix

on the other hand not so much they got

to pick and choose but i'm in all right

so speaking of netflix you know listen

in many regards they laid an egg

yesterday just wasn't as bad as the

street thought so tesla's reporting

after the close uh i saw a thousand

dollar share price target on it

yesterday but they've got plenty of

people who don't like this stock you

just mentioned maybe it's one you want

to own would you own this before they

post the numbers after the close

yeah look this is a buy before this is a

buy after it really doesn't matter

tesla's one of those companies that you

kind of want to squeeze like a sponge

for the next four to five years if this

thing has a big rally and at any point

over the next four to five years it runs

to like two or three thousand something

crazy dump it then go into diversifying

but where it is now huge opportunity and

we've got to see the following in the

next earnings report we've got to have

positive cash flow so that way we can

undo this money furnace comment that

elon talked about that's why we're

lagging the nasdaq today we've got to

make sure that we see stable margins if

not increasing margins that'd be great

but with shanghai shut down as much as

it was it would be really bad to see how

inefficient the rest of the business is

without shanghai because that's the

biggest factory and here's the thing if

china and taiwan ever go crazy big

problems for tesla right kevin paper

have a lot of stuff we appreciate it

thank you very much