Elon Musk to be REPLACED as CEO of Tesla

hey everyone me Kevin here coming to you

from outside of the New York Stock

Exchange where we will be ringing the

bell at 4 P.M on Friday and we've got to

talk about potentially Elon Musk no

longer being the CEO of Tesla quick note

that Friday at 5 PM we'll also do a

Meetup outside the New York Stock

Exchange I'll post more details likely

tomorrow exactly where and all the good

stuff you're welcome to come no RSVP

meet needed just feel free to show up

and we'll get to meet you there so that

way it's officially met Kevin anyway so

ping West whom a lot of people say is

kind of like a Fudd reporter for Tesla

uh and may have not done the best at it

translating as some people are saying is

potentially now reporting that Elon Musk

is looking to find a new CEO for Tesla

and that individual may have already

been chosen it says here that source is

close to Tesla China told pink West that

Zoo's work ethic is very similar to

musk's has almost no personal life and

is demanding of subordinates and that

this individual can can now sleep in

gigafactories on behalf of Elon Musk so

Elon Musk no longer apparently has to do

that instead he could sleep on the floor

over at Twitter now this is leading to a

lot of rumors about wait a minute is

this true is this nonsense what's

actually going on here and what are the

implications of this what does it mean

for Tesla stock well I'm going to

provide obviously my opinion on that in

just a moment but apparently Zoo zytong

uh some folks are reporting I don't know

I can't verify this but has potentially

already been in the United States for a

couple months as some were saying he

already has some form of uh foreign

citizenship we're not sure if that's

Australian or if that's an American

citizenship we have no idea some folks

are saying that this is uh probably fake

news although Elon Musk has not come out

to deny it and I have to say Elon Musk

is pretty dang quick at shutting down

any kind of fake news not always but uh

you know if the New York Times brings it

out he seems to be pretty fast at

shutting him down he calls him fake news

pretty often it's kind of like he's

filled in for Donald Trump a little bit

in terms of Bash in the New York Times

other folks say this this seems

far-fetched and very unlikely uh for

example Gary black friend of mine says

Elon said in court a few weeks ago that

he planned to hire a Twitter CEO and

therefore he's suggesting that well if

Elon Musk suggested hiring a Twitter CEO

he'll remain as CEO of uh Tesla

therefore right so let me add my opinion

on this so my take on this is Elon Musk

has been very clear in the past he

doesn't actually want to be the CEO

think about what a CEO does a CEO has to

deal with all the legal complaints has

to deal with all a signing off on all

the financials the buck stops with them

on all of the busy work all the

paperwork all the legal work the SEC

work

every decision has to be signed or

almost every decision with the exception

of things that their attorneys or

subordinates can obviously sign off on

most of these busy work decisions end up

stopping at the CEO's desk and it takes

away from what Elon Musk has previously

lamented his ability to be

intellectually free and think about

research focus on Research development

focus on batteries focus on uh you know

the Robotics and The Innovation that

actually made Tesla what it is he

believes that being the CEO doing that

sort of busy work takes away from his

opportunity to actually come up with

more Innovation so when folks say oh no

if Elon Musk steps down he's stepping

down to spend more time at Twitter that

might be true in the short term I

actually don't believe in the long term

it makes very much of a difference for

Tesla personally I think the Tesla

thesis is only damaged in the short term

by Twitter drama the more Twitter drama

we have we've spoken about this before

the more Twitter John we have them or

the thesis for Tesla looks broken when

in fact nothing's really changed sure

Tesla demand in China might be faltering

but so is demand for Bentley and yeah

was that unexpected absolutely is it

really a game changer for the next two

to five years for Tesla no absolutely

not the growth story is in my opinion

still intact we're getting to 2.1

million Vehicles we're getting to 4

million Vehicles we're getting to 5

million Vehicles then we get the cyber

truck and potentially a lower priced

vehicle uh and you know maybe that's

that's when it starts becoming time to

diversify unless of course then we start

introducing robotics or or full self

driving that's actually to the point

where now Tesla can release a vehicle

that doesn't even need a steering wheel

right these are obviously all down the

road decisions to be made but in the

near term does it make sense to say oh

Tesla's not all of a sudden going to

still grow EPS by a 40 plus percent year

over year just because of some softness

in China or because potentially Elon

Musk isn't the CEO no in my opinion it's

complete nonsense doesn't really change

the thesis for Tesla whatsoever ever now

I want to be very clear because you know

some folks say hey but I mean Kevin

obviously if the markets come down uh 50

on Tesla this year uh clearly you know

the recession Theory doesn't work for

Tesla and the problem here is Tesla

hasn't really had the opportunity to

prove their ability to show their 40 to

50 EPS growth yet because in Q2 you had

the Shanghai shutdown in Q3 you had

fears that oh okay well what happened

with deliveries all of a sudden we

delivered less Vehicles than we produced

and that that usually doesn't happen of

course Tesla ended up suggesting that

these were delivery uh you know Freight

style issues they don't have enough

trains they don't have enough trucks

remember that was a big deal so you have

actually not had a period where Tesla's

really caught a break now obviously

you're dealing with the culmination of

all of the Twitter flood every time

there's a problem at Twitter we think

Elon Musk is going to run for the doors

again start selling more stock because

he's got to fund losses over at Twitter

uh certainly doesn't help that Apple

pulled out and then he met with Tim Cook

and now it sounds like they're going to

raise prices for Twitter blue to further

subsidize the Twitter blue advertising

and the check marks got a lot of drama

with the check marks now maybe we're

going to get different color check marks

maybe not Now notifications are popping

up on people's screens suggesting oh

this person might be notable or not we

really have no idea even though they

were verified at one point by Twitter

all that is being cast to shame Twitter

files debacle is crazy leading people to

think there's still more Jim Bakers

sitting inside of Twitter that need to

be fired and they're just going to lead

to more problems for ultimately Elon

Musk having to sell more Stark so you've

done

some incredible incredible unfortunate

chains of events that have really held

tesl back not only do you have macro

going against it Twitter going against

it the Shanghai shutdowns fears of more

shutdowns as we've had covet explosion

but then you got Twitter now you've got

this talk about maybe Elon Musk not

being the CEO

Tesla just needs in my opinion this is

just my take this is not Financial

advice look I'm a licensed financial

advisor I run an

ETF I run educational courses and try to

provide as much value as possible does

that mean I can look into a crystal ball

and say exactly what's going to happen

when it's going to happen no of course

not be really rich off options if that

were the case I wouldn't be making

videos every single day all day long

trying to grind to to help provide value

because remember you provide value you

can do more things that's always my

belief you put the energy out in the

universe ignore the Envy don't get

caught in the swamp of envy you just

keep putting one foot in front of the

other in the long term you'll succeed

but ask yourself how many quarters has

Tesla recently actually had unimpaired

of garbage bad news the reality is zero

it's it's just been bad news it's only

been bad news

but then when you actually look at the

fundamentals you're like

has the growth story really been

impaired by any of these are we

potentially

not going to ramp Giga Berlin and uh

Giga Austin at all are the 4680 is not

going to happen are the semi trucks not

going to happen are the Cyber trucks not

gonna happen right those things might

take a little bit longer but they always

do

that doesn't mean they're not coming

so in my opinion it's

we stand at an opportunity or at a

moment right now where you can ask

yourself do you let all of the nonsense

that I mention

in Warren Buffett's example baseball's

being thrown at you with low prices for

Tesla oh 170 175 tell you that you've

made a failed fundamental decision

or do you pick up those balls and say

you know what I'm going to buy some of

these I'm going to increase my quantity

of this company because I expect and I

don't need the money maybe within the

next two to five years right that might

be what you're saying to yourself and

you're in a position where you say you

know what this is a great opportunity to

increase my quantity and build a

position in a company that's probably

going to have the most pricing power

coming out of this recession I want you

to ask yourself this and this is what

we're gonna end the video on

what do you think is going to happen

when interest rates for cars plummet and

all of a sudden Tesla has all of their

factories ramped imagine this Shanghai

ramped Berlin ramped

Austin ramped Fremont at capacity

all the facilities crank it Nevada

cranking its batteries New York solar

roof everything's cranking and then all

of a sudden interest rates plummet

because the FED realizes they overdid it

what do you think

EPS is going to look like

and then combine that with the fact

or the likely possibility I shouldn't

say fact the likely possibility that

this Twitter overhang is gone

I'll leave the result to your

imagination good luck everybody we'll

see you at the New York Stock Exchange

remember coupon code PP expires on

Friday and keep going never let the

swamp Hold You Down