New Tesla *Price* Target | Confronting Tesla Owners Silicon Valley

there's companies in Tesla that we don't

even know about that are being incubated

you know you know who called me bias the

other day Gordon oh yeah Gordon he says

you're you're not allowed to talk Tesla

because nobody prices supercharging

networks in and Tesla's just getting

this right now from the government so

it's one of those things where we know

Tesla's like three to five steps ahead

of everything when I spent time about 18

months ago with Elon talking about FSD

he told

me welcome back to another episode of

the meet Kevin show today we are

confronting the Silicon well the the

what founder and leader I like would

like to say of the Tesla Owners Club

Silicon Valley what's up thanks for

having me thank you absolutely s Silicon

Valley so so that must been like like uh

SF homelessness what's going on up here

well Silicon Valley obviously stretches

literally pretty much from San Jose all

the way up to San Francisco but really A

lot of the companies I would say in

probably in the past two to three years

have actually moved out of San Francisco

come further south um or potentially

even moved out of the area so the

Silicon Valley in in a lot of ways um I

really see it like Palo out to the San

Jose it's still we have a homeless

problem but not like San Francisco but

you're like this whole area is dying

California's going to hell right like

every company's moving left okay there's

of course a couple of companies I mean

even Tesla they moved their headquarters

out but the engine nearing headquarters

is still here Oracle even moved out

there's companies that have left their

headquarters a lot of it's for tax

reasons but this is still the

engineering Hub really oh so even Oracle

might leave their Engineers here yeah I

would say they're leaving a lot of

talent here I mean most the companies

are right I mean even Legacy auto has

brought their company I mean if you look

at the Tesla headquarters in paloalto

Ford all the other Legacy companies are

literally down the street wow okay so a

little overblown then that totally okay

so you don't see I mean people look at

San Jose for example and they say what a

million dollars for a three-bedroom one

bath what a ripoff is it a ripoff based

on your income no I mean the average

salary here is over

$250,000 um $100,000 is actually seen as

low income here now which is insane my

gosh but really it's it comes down to

where people make the money is the

equity and the companies yeah right it's

not going to be so hopefully you can

make it at one of these companies I've

had friends um you know at you know

Amazon and apple over a decade and

you've seen the runup on those companies

and so they're all doing really well so

really a million-dollar home becomes

kind of just a number at that point you

know based on you know if you're at a

company but you know Others May struggle

if they don't end up at a at a company

that does really well right so I would

say you know yes a million dollars maybe

look like uh it's a lot but at the end

of the day it comes down to you know the

equity that you get in the companies and

obviously in your base salary as well so

obviously you've got a big reputation

for Tesla Tesla opinions Tesla

everything when is this damn thing going

to be magnificent I'm pissed okay it's

like we it's part of the Magnificent why

why is it part of the Magnificent it

hasn't been magnificent like are you

talking about the company itself no just

the stock price dude okay I just want

more

money I you know honestly I think um you

know you have a lot that is um you know

whether it's macro whether it's interest

rates over the past year potentially

even some of the headwinds from the the

Twitter or X acquisition um I mean you

and I were talking a little bit about

that before but um really it's just um

in my opinion it's it's still way

undervalued um the regular analyst Wall

Street analyst um like Gordon I don't

even bother mentioning his name because

you know I don't even know why he's even

ranked uh to be honest he is ranked to

be honest but he's at the bottom but um

you know people don't understand this

company it's like saying Amazon is just

a book company right back in the the

late 90s and the early 2000s that's what

really what they were and now what are

they they literally do everything they

make clothes they're a pharmaceutical

company now they pretty much um control

the whole e-commerce world really in the

US now right and they're doing so much

more I mean robots are now being you

know rolled out in their factories for

the delivery centers um they own a stake

in rivian too for you know so it's just

a lot of that I think it's you know

Tesla really is it's not a car company

that's that's the Amazon to book

store Tesla Tesla is the you know car to

really it's an AI um AI robotics company

yeah I mean 70% of Amazon's eBay bottom

line basically now is

servers would you would AWS yeah like

would you have thought that a book

company would become one of the rich

richest server companies in the world

that is such a good analogy it's like

Leverage uh something like either books

in the case of Amazon or cars in the

case of Tesla to then uh create the

foundations for maybe really profitable

things like the Optimus or FSD or what

exactly or even Tesla potentially

getting are they going to get into

service like like we hear Dojo so great

and then then Elon on X yeah we're just

bought a 10,000 h100s from Nvidia cuz

they're so good like what's going on

here yeah well I think think a lot of it

is you're just seeing the beginning of

what this company is doing I mean the

amount of data that this company has is

absolutely insane from your driving to

all of the charging stats to the tele

tele does that matter like any of that

does it matter I think I think it makes

a huge difference because now you're

talking about the the next computer on

Wheels and really it's like if you want

to look at just user stats like if if

you look at how much people spend time

on their phones and how that is while in

the yeah but now it's in the car it's

now where are they going what are they

doing right it's almost like having an

Apple Watch but being carried with the

person literally wherever they're going

so all of that data at the end of the

day and and thankfully they've opened it

up to third party apps now it's going to

be huge I mean I think it's really the

the future of of user data is going to

be you know in cars right and just

seeing that's fascinating so when it

comes to growth we see like these kind

of SC curves for Tesla what what is your

expectation for the next like growth

cycle do you think it's going to be

Optimus based do you think it'll be FSD

a new release cyber truck scaling all

the above I mean ads on the windshield

yeah or on my license plate um you know

the insane thing is you just are just

you're just talking about the you know

the five main things I mean this company

is a bunch of small startups within one

there's companies in Tesla that we don't

even know about that are being incubated

tell tell us more what what are some

examples um you know I I think uh I mean

there's certain things I I can share and

not share just because of the stuff

that's been shared with me but there's

um again you're just you know you're

dealing with a company that the amount

of data that they have the amount of

capabilities that they have I mean if

you think of the supercharger Network

that's being built out I mean they're

the next gas station in a lot of cases

oh wow the energy business is um going

to be insane and hopefully help with a

lot of their margin um this upcoming

year and the years to come I mean that's

not even baked in the valuation sure you

might say Okay FSD kind of is Optimus

isn't not at all um and so the amount of

progress too if you look at even the

amount of progress in in in Optimus is

insane right like you watch Boston

Dynamics and no no hate against them but

it's like they've been running this dog

around for like

decades and it's like literally like

okay guys what's next like are we going

to do something other than a jumping on

top of a table yeah or Dancing Yeah and

here Optimus is like I was at the AI day

um in 2020 uh September 30th and

literally it walked for the first time

in front of us and then a year later or

18 months later it's doing yoga it's

doing dance parties I mean the video of

that so like you literally have like

Tesla is solving full self-driving on

the road which is harder than probably

walking but now what what are they doing

they're they're just taking that same

technology and applying it to you know

being in a factory being you know at

home and helping out with chores and the

mundane and monotonous boring things

that no one wants to do um it's gonna

it's gonna completely change all of that

so I think you know to answer your

question about the next it's it's more

of like you know it's going to be the

realization of f FSD is going to be next

um I think probably the closest thing if

not um Optimus but really the robo taxi

the $25,000 car um even if they have to

put a wheel in it the $25,000 car is

going to be a game changer a wheel um I

think there's there's debate yes exactly

I think if it was up to to Elon no no

steering wheel I thought he was spare

tire yeah no no um and I think there was

some of um they alluded to that a little

bit in the Walter Isaacson uh biography

a little bit about the debate between a

will and not a will so it's just one of

those things where um you know there's a

lot ahead of this company it's just you

know and you have the best company um to

execute it on right I mean this

company's executing at an insane rate so

the steer by wire is probably straight

from the robo taxi team wouldn't

surprise me I wouldn't be surprised

because uh robotaxi would be no uh

steering wheel no column no steering

colum exactly so so it has to be a

computer steering it so why not start

testing the steer by wire technology in

the Cyber tralk and they have they have

it out it's on the road and now it

exists that's very interesting last week

when you were talking with uh Sandy

Monroe and Jo you mentioned that you you

believe the $25,000 car or the robo taxi

or the van might be released this year

do you still think that and why do you

think they'll be coming out yeah I think

well so Elon said in his interview with

Sandy that um he's reviewing the

production line Weekly right now so it's

one of those things where it's happening

we and we all know that I mean there's

even rumors now that the model 3 refresh

is being produced in the Fremont Factory

um so it's one of those things where we

know Tesla's like three to five steps

ahead of everything like they were

building the cybertruck production line

out of Fremont with a tent you know the

infamous tent so we know that like and

this is before it was fully ramp so they

were setting up parts of the cybertruck

production line not even in Austin just

to start testing it out making sure

things are running um straight so I

think you know they alluded to it I I

believe at the shareholder and investor

day you know they had the little images

of this these future

products um and I think that um neither

of which were a cyber truck by the way

those two covered up were not exactly

and their mission is at the end of the

day is to take gas vehicles off the road

and they need a $25,000 car to do that

something that's affordable I mean even

the model 3 with tax incentives I mean

it's even you get a used one you could

get a used one for $25,000 why don't

they just cut the size of the battery

and get a 25 car K car out as soon as

possible even if it was just like

another option of the three just cut the

battery in half I I I know people like I

don't know maybe wouldn't sell but I

think for a lot of people do you really

need more than 120 M sa of charge if you

cut a three and half and now you have

more efficiency in the vehicle you could

probably get the cost of the car down

another 5K now you look at incentives

you might be knocking the door of you

know $22,000 yeah what do you think

about like why don't they just do that

well I think they're they're thinking

differently than that just I I think

they're oh to B I'm too

basic that's basic no they're

they've alluded to the nextg platform

the the third uh nextg platform so

they're thinking about a brand new

platform in general to build it on it

probably is going to be reduced battery

size obviously because the average

American is driving what 40 miles yeah

so it's it's going to be one of those

things where they definitely are

thinking about um you know how to like

what's next I mean if you think of the

model y to the cybertruck the amount of

manufacturing and Engineering that went

into that and the level of tech that was

upgraded the 48 volts the steer by wire

uh I mean you could keep going but it's

just um those are the groundwork items

for the 25k car that's interesting I

didn't even think about that the 48 volt

architecture and the cost Savings of of

the copper and otherwise alone that is a

tool to help create the 25k yeah totally

could be and it's just one of those

things where I think it's um it's not

just about the B the battery size I

think that's one aspect of it but I

think as far as the nextg platform they

are thinking about the cheapest way to

make a car and how do get there right

because it's one of those things where

that's what they did literally with uh

the cybertruck too right with the Giga

castings and the steer by wire and the

48 volt all that stuff is and making

their own metal I mean using air to bend

the thing too like I mean it's it's

incredible so every car that they do is

just a completely different level of

Ingenuity and and Manufacturing I loved

what you just said about uh by the way

that Tesla is the next gas station if

somebody could have told me 50 years ago

do you want to invest in gas stations

you know because everybody's going to

not have one car at home but you know

four cars at home or whatever gas

stations will be everywhere like of

course you would want to invest in that

that's so and that's something that

nobody prices supercharging NW Works in

and Tesla's just getting this right now

from the government free money man I

mean everybody says oh you know Biden

doesn't want to mention Tesla you know

promotes GM or whatever fine that's

probably because of lobbying and do

their money or whatever but like but

what's the government actually doing

throw showering Tesla with money for the

super charge I mean they're the best yep

I would not want to charge with any

other charger exactly and like I just

saw there's one um a V4 charger being

built by my house and it has the magic

dock built into it along with a screen

that what is that I don't know what that

is the magic Doc is essentially non uh

Teslas use a different adapter okay

right okay so what magic is liist the

magic it's just um it's pretty much the

Tesla charger plugs into an adapter and

makes it so you can charge like with

that's what they give you with the kit

in every Tesla the to they stopped

giving those out yeah that's true now

they charge like $400 or something crazy

for but either way like so now non EV

non Teslas can come to V4 superchargers

there's even like a a going to be a

screen so you can potentially run a

credit card through it so that's like

and BP just um is paying Tesla they

announced that deal it's a $100 million

deal to buy um supercharger equipment

from them Best Western wait wait BP is

buying supercharger equipment from Tesla

so they're going to BP brand it they're

basically vation yeah really at gas

station BP Chargers but it's Tesla

technology underneath right because

shell wants to get into Chargers as well

but these companies they haven't created

the Chargers so basically you could go

white label it

it's like you know let's go to the

winery and we'll put our logo on it

basically point is doing that I believe

it was shell pot it was a Shell gas

station where they had it said charge

point but it also said shell or Chevron

it was either one of those companies um

Best Western is now putting in the small

little destination chargers chargers at

their hotels over 2,000 so I guess they

are the next gas station and at the end

of the day as they continue to eat up

more of the um you know the market

really for this they're they're going to

be the next place that you buy your your

charging equipment from that you

essentially charge your car at I mean

it's all it's the full stack that's Inc

I mean if they they like charge point is

just that alone a charging company and

they suck compared to Tesla uh and

that's like we said not just not built

into the Tesla valuation including when

we talked about let's shout out you uh

we just did an interview for your uh

either Twitter or I'm assuming you'll

post on next uh so make sure to look for

it there but one of the things I touched

on is I think I mean even Beyond just

the charging but as soon as they have

the first Optimus actually selling and

not necessarily yet for home that's like

the long-term future I think we can all

agree but getting The Optimist to just

unload semi- trucks every day back and

forth all day long and now you make

Freight so much more efficient because

the trucks aren't waiting for the next

shift workers to come in it's robots

doing it so I mean just the the scale

that can come from this so the

desirability of having the Optimus in a

factory will be massive but the Catalyst

of when they sell the first order of

Optimus robots just even for that basic

purpose I mean what do you think is

going to happen I mean the stock has to

go up what's your Target on this when

are you going to sell it um like for me

um you know I think I do believe in um

some of the stuff that Elon is saying

that this could be the most valuable

company and potentially combine with

what is it a ramco andle apple I had a

very concerning nightmare about that I

had a nightmare that that was true but

it was true not because Tesla went up

but because

Apple the other two went

bankrupt that that may keep me up at

night but um it literally kept him up I

guess he had nightm nightmare like oh my

God elon's thing came true but it's only

because Tesla haved in value and the

others went bankrupt sorry I think for

me like my minimum Target is 750 to

1,000 at least like I I definitely think

there's a lot of stuff that is just not

baked into the valuation and they're

just uh they're going to be game

changers like the solar business the

battery business I mean I don't know

about you obviously live in um Southern

California but like I'm literally a

virtual power plant now with my solar

and my two power walls like I don't PG

Niche was shutting off my electricity 7

to 10 days a year but now I don't care

because go ahead shut it off I have you

know I have the sun thankfully we live

in sunny California and you have the sun

pretty much you know over 300 days a

year and so I'm my own virtual power

plant and I can sell it back during peak

hours to PG so they're paying me

something what like $7 a kilowatt and I

got my check yeah or whatever the number

is um but there's so many things that

are just not baked in and if you are a

street Wall Street analyst you're going

to try to create some random model and

there's just stuff you can't factor in

so how do factor I mean if we could look

if we could ask grock or chat gbt to be

like look at the Wall Street analysts on

valuing Amazon or even Apple During

certain days like what were they what

were their price targets and how are

they taking into consideration of like

what we have today that's a really good

idea like when Amazon was first public

like what were the valuations then you

know that would be really interesting uh

yeah I it's wild I just pulled this up

BP boost uh EV charging Network with100

million order of Tesla Ultra fast

Chargers y the agreement forms just part

of BP's plan to invest up to 1 billion

in EV Chargers by 2030 which honestly I

wouldn't be surprised if a they start

with this $100 million test and then a

lot of that 1 billion goes straight to

Tesla because it's the best charging

equipment but then I would suspect that

honestly a billion is pretty low for

that investment from BP uh that'll

explode and this sets the standard then

for Royal dut shell whatever to also get

that's very interesting I never thought

about Tesla as essentially a white label

charging Network because you think of

Tesla superchargers oh they're Tesla

branded but I mean in the future you

could be going to Shell and you're

you're pulling a charging cable out to

charge your your whatever electric

vehicle is you don't even know it's

Tesla inside oh BR Ron Baron that's uh

he has this much like it used to be uh

Intel Inside in computers Intel Pentium

or whatever inside Ron Baron's thesis is

that in the future cars will be

operating on TES tla's Network basically

the FSD Network and so it's Tesla inside

well could that also be for the Chargers

that's such an interesting thing you

brought up well if you think of Ford

right like the one thing that's going to

kill Ford what sorry uh they used to

make 30s

right um fix or repair daily you spell

their or forward spelled backwards

drivers return on foot o okay that's a

good one uh biring that butt they are

the only American company uh

manufacturer of cars besides Tesla who's

never gone BK that's true hey shout out

to them we're biased here you know you

know who called me bias the other day

Gordon oh yeah Gordon he says you're

you're not allowed to talk Tesla because

uh I have no bias on Tesla he said that

and that I have a Tesla bias and that he

has no bias I'm like if anybody has a

bias Gordon it's I like I like that guy

I I think his analysis isn't good I I

don't think he has a bad heart but he's

got to do what he's got to do you know I

do want to go visit him interview him

again I want him to actually try FSD

that's not no he refuses to try it

because he's afraid of it and I'm like

bro how how can you analyze Tesla

without trying FSD that has to be his

thesis but um sorry yeah no so Ford so

long story short Ford is the thing that

you see on the front of the car but at

the end of the day they've manufactured

out like it's 500 suppliers making that

car so BP could be saying hey this is BP

you know uh gas or charging or sorry BP

charging but it's really Tesla on the

back end right so it's just one of those

things where who are these gas companies

as they make this transition into gas to

EV charging places like where are they

going to go they're going to go to Tesla

um you know some of the other charging

networks have decent products but

Tesla's going to

be seriously name one I I'm curious like

what this would be news to me's what's a

decent one has a home charger okay well

for like home network but what about for

like charging your car outside I've had

decent experiences at EO never found one

that Electrify America is complete

garbage yes I agree with that um charge

point is they they don't have enough

fast Chargers to be honest it's like

when I go to the library and going to

leave the car there for 20 hours um but

I've had a good overall experience at

the EV go stations like there was

actually um by my house I had three

miles left on my car and the latest

supercharger was 4 miles so I took it to

the Evo and it was it ran perfectly

there hey by the way if you haven't yet

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it out link below what about so the 25k

car uh or or actually let's ask this

Robo taxi we 10 years away like when are

we going to see this yeah so if I was to

give an estimate on this I would say

three to five okay so I don't think um

this decade yeah like I mean most of my

driving nowadays to be honest with you

and again I'm going caveat that I live

in the BBS of the San Francisco Bay area

so I'm not in the D like right in San

Francisco sure so like most of my D is

all the time I see his videos exactly

and La I mean the guy lives between uh

NorCal SoCal true um but um so he's up

there uh but for me like most of my

drives in in the suburbs are amazing

like and so it's like even if you had a

robo taxi maybe you geolock it to

specific areas but like think of Ubers

being replaced

by these Robo taxis and just you know

call it from like Palo Alto to San Jose

I mean that's going to replace a lot of

workers um in a lot of cars oh that's

interesting because you don't actually I

see that's another thing I didn't think

about uh you don't need the robo taxi to

be able to do everything yet it just

needs to work in certain areas like a a

functional uh Cruise

or doesn't mow people down yeah it's so

gruesome

I should not be laughing that was

horrible but um and then that so it's

okay that whole business died literally

that next day was I think CEO resigned

then they paused the automated driving

made it so you have to have a driver

then they canceled that two and we're

like we're just going back to the

drawing board and it also came out that

I think it was actually the times

reported that uh they were using

1.4 I think driver or employees per

self-driving vehicle so it's like wait a

minute wait a minute you have 1.4 people

per driving vehicle sitting in an office

somewhere or whatever supporting the the

actual functioning Vehicles you may as

well just have somebody in the car but I

will say I cannot wait until we have

Ubers without people inside because I'm

tired of talking to

people like like like I don't know

you're going to have an AI talking to

you like mute I like I I I just I I I

don't like sometimes I just I I feel

like maybe I'm just so backtack and

working and talking all day long it's

like I get in the car it's like close

the door it's peace it's like my little

shell away yeah no it makes sense I mean

you like it's going to be a game Cher um

I mean you saw Uber and even Lyft kind

of making some investments in those and

obviously shut it down for various

reasons but you know if Tesla's making

the car they're going to probably be

running the software they're going to be

running the whole network and maybe even

Uber has a big partnership and they've

um they had some incentives for their

drivers to buy um Teslas at the end of

the year so there's already a decent

relationship there um but really I want

see the numbers on that you're right I

think it was

$3,000 if you did uh if you did a

hundred drives with your new Tesla Model

3 I think it I'm not sure exactly which

it was but uh they would give you

something like $3,000 I'm like that's

actually amazing yeah and I mean the

question too is do you think that even

the robo taxi network is fully baked

into the valuation zero no I don't think

it's so it's like an Uber and a turo all

together huh you know so there's really

just like I think at this point the

problem with Tesla is more of like

there's so much that they can do it's

about prioritizing ruthlessly on the

things that they should do right they

could make all of these products they

could make a motorcycle which El

obviously shot down yeah because of his

childhood experience but you know

there's so many things that they could

do a boat other stuff what happened with

that um I believe uh I think he had a he

he fell off once or twice when he was a

kid cuz he was like a Tom Cruz

previously like he flew play right I

think he was a pilot he drove a McLaren

F1 crashed it in the canyons okay

exactly had a traumatic experience on

bikes cuz I think he was he kept asking

his dad for one and finally got one um

so he won't make that but long story

short there's so many products this

company can do it's just a matter of

like what should they do cuz like we

haven't even talked about what about the

app store right imagine an Apple App

Store in your Tesla MH that's we all

know that that's there with the third

party but what do you do like it it

fairness like I never use my

infotainment thing other than the you're

never in your

car well it really you have a laptop

blocking your

screen yeah this is true yeah well

laptop stand surprised that like I mean

I've been pulled over with the laptop

stand over the last decade and I never

get asked about the laptop it's cuz all

the cops know

you is that a good or bad thing it

depends yeah depends on time of

night but I think like even if you think

of like the you know let's say you're

driving your Tesla even the back screen

like what can your kids use I mean

obviously they have a small App Store

with YouTube and some of the Netflix and

some of the other stuff but you know

there are issues with charge time still

right now like you know it still takes

you 20 to 35 minutes depending on what

you're trying to do so what are you

going to do are you going to walk into

the store or if you stay in your car you

know what are you using it for like my

kids they're they're playing the games

they're you know um they're watching

watching the YouTube and Netflix and

stuff like that so there's a lot that's

there but imagine too you know you start

throwing in like grock um and some of

the other chat stuff as well to like you

know as you're driving you're having a

conversation and potentially even doing

work that's a good idea Zoom as well

right like especially when Co was

hitting like I would have loved to have

taken some calls in my in my car with

zoom you know but um so that in my

opinion even as the future and they've

launched that um but it's just as things

can be become more of the norm um

there's not even a taboo to be sitting

in your car and taking a zoom call right

yeah that that is interesting like

almost like FaceTime with the camera

that's in the car already uh the only

thing I hate about Zoom though is every

time I need to log into a freaking

meeting it wants to do a software update

before I go in it's like I only got 30

seconds not to be late here and you want

to do a soft a five minute update oh God

it's so true and you can't say no you

can't yeah I just who ever thought M I

don't know uh just be on I can see the C

just be on time it don't work that way

I'm still a believer in the Tesla vision

of pulling up to work and then my car

can go park itself or if I got the spare

battery can go drive as an Uber pick

people up drop people off you mentioned

Geo fencing which I thought was

interesting because you've spoken in the

past about the differences between

Tesla's FSD progress and all these other

companies uh so well first off I wanted

to ask what do you think are some of the

different challenges that Tesla faces

with FSD versus some of these other like

Cru that don't seem to be making much

progress right now we don't want to get

cruised

yeah

literally um talk about a a business uh

flopping over in a matter of a day well

and I think GM paid like 35 mil for him

too oops sorry bill bill bill bill let

me get that right either way was

overpaying yeah jeez yeah well that's uh

the the valuation has uh probably

dropped 100 fold um but yeah no I so I

would say for FSD I think you know when

you look at these other companies like

the Whos the cruises of the world before

obviously they stopped they were able to

focus on three blocks of San Francisco

three blocks of like uh you know LA and

some of these other places so they

become experts in you know three blocks

Phoenix no one is tackling General

autonomy right where it's like you know

you can like elon's even said when he

was doing the um the full self-driving

v112 demo he was saying yeah at some

point you just put in coordinates and

it'll find its way it does not need to

need to see the map it doesn't need to

see um like the roads it's just going to

be able to look through the vision the

the pure vision and get there even now

actually if you type in like at least in

my Tesla when I type in a location it

goes to the coordinates so it's already

programmed it just goes to the

coordinates not even the actual like

Street and all that it just goes there

and then you have to click it again so

that's really like I think the the

difference between um I think that the

companies like Cruz and weo they're

thinking about it from a like a very

like honed in and like zoomed in view

like a 100 Zoom or whatever it is versus

Tesla is like we need to build something

that can be used anywhere so whether I'm

in Montana versus Miami versus you know

San Francisco versus Los Angeles I can

turn it on versus a dirt road I had it I

was at a winery the other day we had one

of the um up in San haen Valley we had

um I forgot the name of the city but up

towards Sacramento there was a we we

went to a winery and I literally turned

on FSD going around a lake and it was a

dirt road and it was just like there was

nothing in the navigation to even tell

it where to go it was just going and it

was able to see the dirt road so it

wasn't even a paved road so I think

that's that's ultimately what's going to

shape these because how do you even

scale a whmo so do you just roll it out

slowly by city by City you'd have to and

the amount of capital to do that versus

you then the first one changes you know

then they add a lane or whatever totally

right and things change all the time

right lanes change but okay so maybe

maybe Cruz won't bankrupt Tesla but byd

will what say you um well I I think we

we also had a little bit of this

conversation I mean um there's been this

narrative um by Legacy auto in the media

that saying that eeve demand is slowing

down but really if you look at byd even

sure that byd is focused obviously in

China and there's subsidies and all that

other stuff but with byd becoming um

from a quarter volume perspective sure

last quarter they beat Tesla but this

just shows that there is demand for EVS

and this this is the future right

because we all know when you compare a

$30,000 like Toyota crlo versus a model

3 now it's cheaper per mile with a model

3 100% And you know like I literally

like my kids won't know what an oil

change is they won't know necessarily

what it means to um go to the gas

station they won't necessarily know what

it means to have your engine break down

your internal combustion engine which

literally is like the irony of that name

right because you're driving something

that can literally blow up it's a bomb

yeah um exactly and so that you know

like um electric vehicles is the future

byd being in the picture is just um you

know we have Apple and Android and other

um even within Android there's like 20

to 30

Brands sorry if that's a Android we

fight about this all the time

you're the reason why I get the green

messages yeah ex exactly you had to be

that person um but like I I like when

you think of uh one of those things

where it's like you know even with Apple

and Android right it's just one of those

things where um Android you know um

their operating system is it's actually

similar to probably how Tesla even rolls

out their software updates like I have a

legacy uh model X I get updates but

mainly on full self-driving not really

with the UI anymore because they're

tackling it from like what is the mass

volume so most people are using Samsung

Android phones they're not going to

prioritize the nokas and some of the

other ones they're going to prioritize

what are the millions of people using

and that's ultimately um how they tackle

their software updates and updates but

um sorry I know I'm going on tangent but

back to electric vehicles like there

needs to be multiple players and you

know there's going to be big players in

Europe there's going to be big players

in China it's just part of the the story

and um again we talked a little bit

about this is that you know byd is not

trying to tackle certain things right

like full Cale driving and all that

other stuff right it's with Tesla they

are and so with Tesla they're going to

pretty much own every nut and bolt on

the car plus the

software and um and I think you know I

think you I think you mentioned it Mikey

it was specifically about the the

licensing at some point too right

they're going to be not only are they

going to be the gas station they're

going to be the software that's licensed

out um they're going to be the system

that makes the whole car car communicate

they're going to probably own the app

store again the Uber and the turo all

just like built into like yeah I wonder

what like uh I I guess an easy analogy

here for anyone watching might be do

would you rather a 25,000 byd car or a

$25,000 Tesla come on that's going to be

a Nob brainer so I think that's a really

good way to put it is like is when when

Tesla uh starts introducing or even the

model 3 is close to that already like

you had mentioned uh but would you

rather have this ground up everything

Tesla the softw stack the nuts and bolts

as you're saying the charging system

everything or the the I like that

analogy what you said with Ford it's

just a like a collection of all these

different manufacturers and parts

producers which I I'm sure uh to many

extent uh Tesla's got a I mean uses

plenty of other manufacturers as well

but uh the software I've never found a

good product where the company just

bolts on somebody else's software I mean

maybe an Android world would be a good

example of it but like I don't know I

mean usually it's clunky so Jim uh

Farley spoke about this right cuz he's

in he's got this ball and chain that he

can't get rid of right which is gas cars

and he said I I believe it was on the

fully charged episode where he said you

have 500 companies essentially writing

different code on different platforms so

they might be using different languages

and now try to have it communicate

together that is like the worst

nightmare so that because it what

happens is a piece of the car will go

into an auto bidder and then whoever

wins that out gets the rights to like

make that part but they can write um the

language for making that part operate in

whatever they want there's no like

uniformity there oh in terms of code

exactly and making so that's the problem

so now you have like 50 hands trying to

50 left hands trying to talk to each

other interesting okay yeah that that's

fascinating and that's where maybe the

sort of Tesla ecosystem can consolidate

that all into its code base almost kind

of like when you want to submit an app

on the Apple App Store it's got to be

done Apple's way and go through those

interesting and and uh I mean Apple

makes a lot of money obviously from

their App Store how is how could Tesla

potentially make money from an App Store

I mean like downloading YouTube is cost

yeah I well I think it's it's going to

be one of those things where they could

create it's similar to probably like the

App Store in itself right subscriptions

being bought through that right maybe

you start purchasing a like if you

really think of like Netflix being um

how they split it split it up maybe

there's a subscription just for your

Tesla potentially in there uh you could

buy potentially movies in there you

could buy shows and subscription to

shows but you could also buy apps as

well specifically made potentially who

knows maybe there's um they're going to

charge for to have X integrated with you

know grock and all that other stuff and

you have to buy a specific feature there

add supported Tesla yeah cheaper car

like the 25k car ad supported every time

you turn it on you have to like your

eyes have to be on the ad for 5 seconds

you must watch 5sec non skipable ad I

bet you I don't want it want it you know

what's really funny actually is so I

read uh the Disney earn last Disney

earnings call and the Netflix earnings

call Netflix is at about 30% new sign up

going to ad supported Disney wow about

50% and then I came up with Theory the

adults are like let the kids have the

ads so put the ads on the kid's monitor

in the back of the

car like wow yep classic the world would

work that way but that is interesting

ads in in future cars yeah I guess there

there's really no shortage to potential

verticals uh for for Tesla I mean that's

just like what you said with Amazon

going from bookstore to this um did do

they prioritize servers at all I mean

like I want dojo

like I think they are I mean they I

think they're realizing like the future

I mean imagine you're going to need a

computer um or really servers that can

process all of the human data that are

going to be with Optimus yeah versus the

roads and they're going to have to break

that up I mean even now I think if if I

was to step into Tesla's world and look

at their analytics I the the the biggest

thing would be like how do you even make

up kpis for all the stuff that they're

doing and because there's so much data

like how would you even break that up

and then more importantly like how do

you then train it to then right TR

because the other thing is like when he

was uh when Elon was doing the FSD um um

demo for full self-driving V12 he was

saying yeah we didn't train it to take

um you know deal with uh stop lights um

and some of the other stuff it's just

learning now and if it screws up which

it did he had one disengagement he's

like we'll just feed more videos and so

I think that's going to be the big thing

is like how do you deal with all of that

processing you know all thata yeah so

are the unions going to take over in my

opinion no um not for Tesla uh whether

that happens in I actually was having a

conversation this morning with Sweden I

think there might be even certain

countries that force it um but my

understanding of Tesla employees in the

US is they don't want it two they

actually make more money I mean I'm

meeting service texts that roll up to my

house uh Tesla Service teexs that are

millionaires because of how the stock

runup has done over years and so you

know they may again I don't know the

exact numbers they're may be getting

paid what 35 to 50 an hour but because

of the stock and the equity because they

literally got it at nothing and it split

a total of like two three times it's

like 15 you know one share back then was

worth 15 now crazy um they're becoming

millionaires because of that and so in

my opinion is they're making more money

than union workers are and union workers

aren't getting stock right so

interesting so they don't even control

like the like as an employee I'm a

shareholder of this company I want it to

do well but as a union worker that's not

the case you're you're working for

somebody else twice almost like you're

not low risk low reward exactly exactly

yeah that is really interesting yeah

Costco just put out a letter I respected

they had a one store vote to unionize

and their letter uh was we're not upset

at the employees for unionizing we're

upset at ourselves for not uh um what

was it I think you actually brought up I

remember reading is we're upset that we

didn't take care of them essentially

enough bottom like I don't remember

exactly how they worded it but the

argument is like if you play if you pay

enough your employees won't want a union

so because you're taken care of and

everyone at Tesla whether you're a

janitor all the way up to the to the

vice president or CEO you get stock

right so that's the biggest thing here

is that and um and I I think like I've I

can't tell you how many employees

especially like people that are running

like the Tesla Fremont Factory that

started as a sales advisor and they end

up just working hard and next thing you

know they're they've done very well for

themselves over you know five to eight

years I've met so many of them who

started doing nothing and they're doing

very well and they're in multi-million

dollar homes that's wild hey quick note

from Mikey and I if you want to see more

content from us we've got the meet Kevin

and Mikey podcast channel it's linked in

the description down below where talk

about a lot of things not just Tesla but

also stocks and politics a lot of Juicy

things over there you like juicy uh when

by the dip on San

[Laughter]

Francisco um I would man it's so hard to

predict because you know like being I

mean you live in California like it it

almost feels like especially you know in

certain areas there's never really you

know a really like these areas you know

like Vegas I know like my dad lived out

there uh lives out there and they they

went 50% of what their original

valuation was during you know the huge

issue back with mortgages right back in

2008 20 2012 but here it maybe saw a 25%

dip I mean I grew up in this area so for

me it's just it's one of those weird

things where it's like in my opinion

there's never a right time to

necessarily get in it's just getting in

that's what I tell my friends who are

just asking that question you know

obviously it's slowed down a lot because

of the interest rates yeah but also here

again it just depends on what company

are you at CU I mean um you know even on

my street like I've had two apple

Engineers move in in the past three to

five years and it's you know it's

because the stock has done really well

so it just kind of depends on like

what's going on in the market but in my

opinion in the Bay Area there's never

necessarily a right time to get in um

even if you got in at these high

interest rates it's you can refinance

would you ever buy like core SF though

or just stay around um I would I I think

you could for sure um I think I'm hoping

it'll come back but I would still say I

feel like the the wheels need to

continue to come off in that City before

before more happens I mean you're seeing

it happen like um the China president

came here yeah and and you saw the

before and after photos of the same

street people outside of the the Twitter

headquarters were saying like this is

what it was yesterday this is what it is

today they turned homeless people exctly

and you can like somehow move them like

you know like they're like cardboard

boxes or something

and so if the city wants to clean it up

I believe that they can but there's not

enough incentives I mean the amount of

businesses that have stopped um being in

San Francisco whether it's you know

Whole Foods to Walgreens Banks Clos yeah

exactly so um but I think that this area

is just going to be a tech Hub I I have

Co was potentially the the ultimate test

of that with companies moving out and

remote work becoming a thing but what's

happening right now all of the tech

companies are pulling people back in no

we want you here five days a week how

many days a week is average right now

what are you seeing three three three

days in office so are you seeing people

commute to like the Oakley and the

Concords commute from there um you're

you're seeing it um I'm actually even

seeing employee or people moving back to

the Bay Area specifically uh whether

they had moved even further out from

those areas okay um but you you see that

um I think but there's also too like as

traffic starts to pick up you're going

to see them like do I want a 3,000 foot

home in Oakley or some of these other

places or do I want a 1,200 foot home

million doll home that at least I'm like

home with the family so you know if

times the ultimate currency it's really

where do you value that wow wow uh what

about uh um um Apple Pro Vision that's

supposed to come out is that going to be

the next iPad is that an iPad moment in

your yeah I I would I would say so for

the virtual reality space in that um you

know really with apple coming to the VR

market and really mixed reality Market

it's going to be um I think a

GameChanger because it it for Apple to

put out a product in that space says

enough and when they typically put out a

product it's high quality I still think

the issue with Apple's product is it's

too expensive for the mass market and so

hopefully people will always pay up kind

of like you know the test the stretch is

what they call it we all know you know

uh people will also overpay for iPhones

and other things like that stretch

that's like I want I want I want it so

therefore I will pay more exactly

exactly like people were paying $55,000

when they could really only afford

30,000 but they were willing to do it

because they wanted the iPhone they

wanted that thing right okay so that's

what they were during the early days of

Tesla with the model 3 that's what they

were calling the Tesla stretch um but I

would say for them for Apple to have

this product um you know there's a

couple things that still need to change

but it's it's going to level the

landscape for the future and saying that

this is a reality this is going to

happen because even when I've uh put on

headsets um to be able to to have my

workplace literally 15 monitors in one

it's a GameChanger but isn't like give

you a headache or bother you no not

necessarily I mean especially as the

devices get get lighter okay oh so more

weight is more of a problem than your

eyes yes I mean I guess you're either

looking at the screen in the headset or

the screen

on your actual screen cuz imagine you

have something that's you know fairly

light on top of your head and I can see

both of you but then I can also see

potentially you know YouTube like maybe

I don't need to communicate you with you

I can see YouTube going you know maybe

one of meet Kevin's episodes I can also

see you know slack I can also see like

you know my spreadsheets and all all

those I mean I got like 10 monitors

right now to do that and so you're

saying kind of like replace all that

crap exactly and you're still able to

see through it you can still see your

co-workers and colleagues we could be as

we're sitting here like let me show you

an example let me open up this thing

throw it on the wall and now we're all

looking at the wall and I think that's a

cool feature and so that I mean like how

far out are we though for I think for

Apple like I mean their Vision Pro it's

too heavy and it still needs to be

hooked by a cord okay I think they need

to remove the cord and it needs to

reduce the rate by like a it needs to be

a fraction of what it's at now it's too

heavy in my opinion for it to become

Mass Market but I think with apple

coming in the market it is the the mic

drop of like this is the future like

this is going to be potentially the next

computer of like VR mixed reality is the

next computer um if they can do it right

but you know I think it's it's still

very much the beginning wow so so it

could be sort of a an I mean I remember

when the iPads first came out uh there

was really nothing like it then and and

nobody knew they needed an iPad now I

feel like I have 10 of these things you

know they're they're amazing same thing

with the Apple watch now I need now like

if I don't have my Apple watch I don't

see all the notifications coming through

so I literally when I check my phone

maybe every 30 minutes I'm like looking

through I'm like this is insane versus

at least you can kind of keep an idea of

what's going on right right or something

urgent or whatever that's a good point

what am I missing Mikey uh well I have

an FSD question you mentioned FSD a

couple times today do you think that's

going to be like will it live up to the

hype will it be this insane new step

forward or do you think it's going to be

kind of more moderate steps like the

previous updates have been I think uh

well V12 for to be V12 it's stepping out

of beta and I think the reason why out

of out of stepping out of beta yes I

didn't know that so that's why that's

why um there's been less regulation on

the Tesla side is because everything's

been labeled as beta uhuh so at least

again I don't know if it's going to get

relabeled but it my understanding is FSD

is V12 it's not beta so it's supposed to

be a huge step up there have been some

leaked videos that I've seen and they've

the footage looks pretty good so I

definitely think it's it's going to live

up to the hype but I don't know if it's

going to be you know like are we going

to turn on Autonomy 5 tomorrow no I

think it's still going to be a minute um

but I definitely think it's going to be

um completely revamped like when I spent

time about 18 months ago with Elon

talking about FSD he told me the amount

of times that they had to rebuild the

stack of code for full self-driving was

I think it was like over 20 times and

this is stuff like I get an update a

software update and then I complain

about it if it's not what I wanted to be

but I have no idea like the stuff that

these Engineers are having to redo what

what do you mean rebuild the stack like

the whole code stack basically sometimes

yeah and and is how is 12 different from

that is that just a rebuild or is it

because supposed to be based off of the

neural network which is like pure Vision

like there's literally like minimal

training I mean if you look like they're

not building code for every Edge case I

see for the stop in California like the

stop sign in California they have to

build code for that cuz that's a that's

a law now so it's like or you know they

have to build that but for everything

else they're building a general base so

that it can handle anything so it just

puts in coordinates whether a kid drop

jumps out versus you know having leaves

on the ground or a pothole like it's

able to handle anything and then can

learn and get better so it's based off

the neural network is going to be the

the biggest thing with Dojo obviously

coming online which supposedly I believe

it already is online um but um yeah I

mean V12 should be you know hopefully

big steps forward so 11 is has no well I

I know it has a lot of training but it's

not trained the same way 12 is so we're

in a we're a completely different style

of training yeah the video feedback

training is like here's some

instructions follow this then we'll

adjust 12 is like observe now do I I'm

almost somewhat scared because I like 11

so much it's already so good uh and so

I'm like please don't mess it up elon's

always been an advocate for vision based

right he says like humans drive cars

with just their Vision so a computer

should be able to do it too do you agree

with that decision or do you are you

more in support of the redundancies like

lar radar um I I mean from what I've

seen I definitely believe in that I mean

they've um like that's the way to tackle

it because imagine can you imagine

driving around in a wayo like with all

these like things spitting around I mean

uh rather than having like 20 you know

the rims that used to spin all the time

like you're just going to have this like

I think the way that he's tackling it it

is just like anything else like I think

there's certain benefits and certain

potential cons on it but overall I think

this is the way to go I mean you don't

want to have to deal with um you want it

to be able to you want to build a system

that is general that can handle certain

situations versus building you know the

pure Vision Plus putting Ultra sensors

into it plus putting lighting you know

all that other stuff so um I mean even V

v11 right now there is a basis for the

pure Vision too but again it's not

completely on the level that uh V12 will

be so um can I use apple Pro Vision

since it would be augmented while

driving it's past through vision in

theory I would think you should be able

to yeah depending on the Wi-Fi

connection yeah oh yeah yeah you need be

Wi-Fi potentially if there's any um

delay lag that would ruin I wouldn't do

it if there's Cru hold on pedestrian I'm

lagging I'm rubber banded sorry lag yeah

I mean we'd have to unpack Cruz I mean I

don't know what those guy like what the

latency is on for them but like they're

they're they're doing it right they're

all sitting in a call center or video

Center whatever you want to call it

they're literally watching this stuff

happen live um and so the question is

more of like how much of their stuff is

real time that's interesting yeah see

because that's where the vision becomes

a game changer is I I hate leaving my

studio because I like having all my crap

like I I my keyboard the everything set

up just perfect the way I want it I need

to go live instantly I can do it I need

to make a recorded video or stream

someone or or interview someone whatever

all my work is right there uh and so

like if if if you could turn that into

in the future a headset which I imagine

you'll be able to it's just a matter of

when uh and I could basically take my

office everywhere that yeah and just you

put it on and then everything is set up

the way you want it so you're taking

your studio with you that would be very

nice in the

car yeah huh wow that's this is this is

very interesting very exciting very one

last question yeah of course uh this

morning when you were talking with uh

Sawyer on your call there was talk about

how people are getting desensitized at

this point to elon's tweets or posts and

how it's less drastic with this year

with the election coming up do you think

it's going to you think people will be

triggered once more or do you think it

really won't matter you think he'll say

something so spicy that he's going to

lose support or impact the share price

in a negative way I feel like if he I

don't know if he's necessarily going to

he could tweet anything that has already

been more polarizing than previous

things in a lot of ways yeah I mean

people already potentially know he's

going to support one side versus the

other um you know I so I don't think you

know I I think in some ways I do agree

with that like I do think people are

desensitized I do think we are getting

to a point now where um people you know

the fear of stock again we had this

conversation earlier the fear of the

stock of like how is this going to

damage the Tesla brand and you know sure

maybe there was some headwinds of like

hey is Elon focused of Tesla and all

this other stuff but we all know like

investor day showcased all of these

leaders and with the way Tesla runs you

know um Elon even at Tesla there's

certain things that he is focused on

he's focused on autopilot the

manufacturing he's not focused on some

of the the business operation stuff of

it if he needs to be same thing with

SpaceX right he's got um Gwen running

that same with uh X he's got Linda so

there's certain things that he is

focused on he knows like this is going

to be a game Cher for this company and

what he enjoys is what he's going to

focus on sure when he came to X I mean

he literally was pretty much living

there right it was like production hell

all over again um and he had to manage

the finances and everything else but now

like you see um you see it now he's he's

the CTO the chief um technology officer

focusing on the product and all other

stuff so this year definitely I mean I'm

expecting that he will say certain

things that are just going to piss

people off um especially because it's a

it's a it's an election year but you

know I don't think that that's going to

um do anything else that it already

hasn't would it free him up to be like

the CTO at Tesla as opposed to the CEO I

know that's unpopular you know because

people hear but but you mentioned it

yourself he's not the CEO of Starling

clearly he's the runner he's the

Visionary right same thing at Twitter X

now he's he's the Visionary you can be

the Visionary without being caught up

and bogged down in the the well I think

in a lot of ways he already is the CTO

or whatever you want to call it he's not

focused on certain aspects I mean

obviously um there's certain

implications like I've heard you know

crazy stories of and I don't know if

this is still true where Elon had to

sign every po more than $50,000 at Tesla

oh so there was you know Pro but that's

doomsday stuff so is he on that still

now maybe yeah yeah um but I think it's

just one of those things where um you

know he already is very much focused on

you know the the The Cutting Edge the

bleeding edge of like autopilot of

manufacturing like all the stuff that

they're probably doing with the robo

taxi but yeah he might not be focused as

much on you know the supply chain or

some of these other things right that um

so I I I do think that being the CEO

though has certain um connotations

positive connotations okay um so like

you know him being the CEO at Tesla and

SpaceX have certain things but I think

maybe with Twitter and X him not being

the CEO all actually kind of removes him

a little

bit and it becomes more of like a

personality so he's very strategic and

how you know structur you know good for

him okay I like that what about

advertising last question I got yeah

Tesla yeah well I think um I I think you

know they sold 1.8 million cars last

year uh 38% growth I think the reality

is we are getting to a situation where

you know more awareness is important uh

more than ever and I think how do you

get but more butts and seat because at

the early days where man if I can just

get my neighbor driving my Tesla he's

going to be you know a Tesla owner in

the future like I can't tell you how

many co-workers in 2018 I was literally

driving around or having them get in my

car and they all own Tesla now even

family too and so I think faster than Co

yeah it might but you know once you get

outside of these big cities like in LA

like uh you know the Bay Area like how

do you get to the everyday people that

are living Sacramento living in uh

Fresno like how do you build that

awareness how do you get because I think

even on Twitter or X you know Elon has I

think he even uh responded to you at the

um the shareholder meeting like he's

that's the same base like the 168

million people that are following him

right now they all know about the

certain Technologies and sure maybe

they're not current owners but how do

you get outside of that to build the

awareness and I think that that will

come with education with advertising and

awareness um that you know Tesla

obviously I know they're doing a lot of

testing right now with advertising but

um this is going to be their biggest the

the biggest um hurdle that they'll need

to tackle in the upcoming years is

General awareness of of their amazing

Vehicles yeah that's amazing wow thank

you so much this really thank you for

your time yeah totally how can people

follow you yeah so follow us on uh Tesla

owners SV or Tesla silicon valley.com

you can find us um and yeah we're pretty

much on every platform with that same

handle price Target you said 750 to

1,000 right yes when that was the last

thing um I'm hoping um I'm hoping that

Tesla will triple from its current um

hopefully by 5 years what about the

handle I see on Twitter all the time

Tesla will triple in 2020 that's a space

and actually the value analyst guy can't

he had to uh not give any price targets

for a whole year and he laed that that's

why you all see the Tesla spaces Tesla

will triple um because he was clearly

off but I think uh I'm hoping in the

next within this year and the next three

years we have another Bull Run I mean

I'm not saying we're going to go up 700%

like we did several year three or four

years back um but you know Tesla's

definitely way

undervalued even though I'm a licensed

financial adviser licensed real estate

broker and becoming a stock broker this

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ETF and hold long positions in various

Securities mentioned including potential

short positions however I have no

relationship to any issuers nor my

presently acting as a market

maker