WEBVTT 1 00:00:02.150 --> 00:00:06.872 Tesla could be close to revealing Gen 3 of their Optimus humanoid robot very soon. 2 00:00:06.912 --> 00:00:11.074 The prototypes that we've seen so far are not the design intended for mass production. 3 00:00:11.154 --> 00:00:13.835 Elon has confirmed that they have not shown that to us yet. 4 00:00:13.915 --> 00:00:17.557 He's calling the new V3 Optimus Sublime. 5 00:00:18.117 --> 00:00:22.878 Here's what we do know, along with some of the latest rumors, you can expect a sleeker design that's more capable. 6 00:00:22.978 --> 00:00:25.999 It's going to run Grok AI for voice and conversation. 7 00:00:26.539 --> 00:00:34.700 It might be able to handle thousands of useful tasks at launch, and it could even go into mass production as soon as next year, at least according to Elon. 8 00:00:34.920 --> 00:00:47.543 What we don't know is how much it can actually do without human help, how much it's going to cost, and if 2026 is at all realistic, or if that's just another Elon timeline fantasy with reality coming years later. 9 00:00:48.263 --> 00:00:59.870 Elon does seem to be fully back into work mode at Tesla, and he's way more into robots than cars at this point, even though Tesla just announced that they delivered more EVs last quarter than it has at any prior quarter ever. 10 00:01:00.490 --> 00:01:06.414 Elon says that Optimus will be more valuable than everything else Tesla does combined. 11 00:01:06.934 --> 00:01:08.495 Wall Street seems to like that story. 12 00:01:08.535 --> 00:01:11.336 Tesla stock has nearly doubled in the past six months. 13 00:01:11.777 --> 00:01:17.600 And today on Dumb Money, we're going to tell you how we're playing Tesla and how Optimus Gen 3 could change everything. 14 00:01:19.023 --> 00:01:21.339 This is Dumb Money Live Live. 15 00:01:23.906 --> 00:01:25.447 Hey there, Dave here along with Chris and Jordan. 16 00:01:25.487 --> 00:01:26.227 We are Dumb Money. 17 00:01:26.287 --> 00:01:27.727 Welcome to Dumb Money Live. 18 00:01:27.767 --> 00:01:31.949 Quick reminder, if you don't mind, smash the like button for the almighty algorithm. 19 00:01:31.989 --> 00:01:34.030 It really does help other people find the show. 20 00:01:34.830 --> 00:01:44.834 Chris, Jordan, again, Tesla is my largest holding now that the stock has helped so much and Chris, I know you've been holding off on going all in on Tesla with your leveraged play. 21 00:01:44.854 --> 00:01:46.975 You keep saying it's close. 22 00:01:47.355 --> 00:01:49.716 You've been waiting for Optimus to come closer to reality. 23 00:01:50.176 --> 00:01:54.021 So inquiring minds want to know this morning, is now that moment for you? 24 00:01:55.603 --> 00:02:00.930 Well, you know, optimists did come to reality, optimists too, and it sucked. 25 00:02:02.151 --> 00:02:04.534 But that aside, that's in the past, right? 26 00:02:04.775 --> 00:02:06.457 And that's been probably the... 27 00:02:07.328 --> 00:02:26.886 the i guess disappointing story of 2025 but optimus 2 was it's it's a prototype it's not an optimus 2.5 which we've also seen is a prototype so we we don't know yet what optimus 3 is going to be cool correct and that's what the storylines is all about right um 28 00:02:28.028 --> 00:02:31.310 You know, Tesla had massive first mover advantage here. 29 00:02:31.530 --> 00:02:37.074 This is what we've been talking about for two and a half years as it relates to generalized robotics and humanoids specifically. 30 00:02:37.674 --> 00:02:49.162 And we had a pretty big thesis we put out a couple of years ago that this could easily be a $10 trillion sector of Tesla if the company simply executes. 31 00:02:49.722 --> 00:02:51.964 Over the course of that period, Elon got... 32 00:02:52.540 --> 00:03:16.873 aggressively involved in politics as we all know he got spread really thin he was massively distracted over the past year and i think the one division that paid the price for that more than anything else was optimus which of course we now know as we said two years ago is the only division that really really matters long term and elon has come out himself and said it's what 80 percent of 33 00:03:23.039 --> 00:03:26.743 Very disappointed in the progress of Optimist 2. 34 00:03:27.824 --> 00:03:40.477 We were aware of some of the issues they've been having all year, the approach, the aggressiveness into SIM training alone, that very few of us that are deep into this sector thought would work out for them, and it hasn't. 35 00:03:41.098 --> 00:03:42.980 So now Elon's back. 36 00:03:43.502 --> 00:03:45.764 Now Elon seems to not be distracted. 37 00:03:46.805 --> 00:03:57.895 Elon has essentially publicly come out and stated that the entire future of Tesla is pinned on the success of Optimus. 38 00:03:58.455 --> 00:04:10.446 We now know that going forward, auto sales are going to be a headwind for Tesla, especially in the United States, due to the headwinds of 39 00:04:11.678 --> 00:04:14.459 not having a tax rebate, right? 40 00:04:14.479 --> 00:04:16.480 They lost that $7,500 tax rebate. 41 00:04:16.500 --> 00:04:25.044 So they had a huge quarter in orders, as we all expected, maybe a lot of that was because of the expiring of that EV tax credit. 42 00:04:25.324 --> 00:04:27.745 So you're exactly correct. 43 00:04:27.785 --> 00:04:37.389 Now, they did finally start to see a bit of a turnaround in Europe, where the tax credit is not applicable. 44 00:04:37.469 --> 00:04:38.949 So that's a slight positive. 45 00:04:41.093 --> 00:04:50.919 I think Elon knows he can no longer count on auto and auto is more likely than not to be a negative storyline for the company going forward. 46 00:04:51.639 --> 00:04:53.720 Even robo taxi. 47 00:04:53.820 --> 00:05:04.246 I think we're, we're, we're seeing that, but you know, getting, getting to that last mile here on robo taxi might be six months, might be two years and six months. 48 00:05:04.706 --> 00:05:05.607 Still, nobody knows. 49 00:05:06.608 --> 00:05:10.910 As investors, we really can't count on it, but, uh, 50 00:05:11.495 --> 00:05:15.378 Everything is oriented towards Optimus from this point forward. 51 00:05:15.819 --> 00:05:17.380 Everything is oriented towards Optimus. 52 00:05:18.161 --> 00:05:18.661 We know it. 53 00:05:19.082 --> 00:05:19.862 Elon knows it. 54 00:05:20.103 --> 00:05:21.384 The market now knows it. 55 00:05:21.724 --> 00:05:22.825 He's in a corner. 56 00:05:23.205 --> 00:05:24.226 Elon is in a corner. 57 00:05:24.787 --> 00:05:30.632 And the one piece of intel that I do have is that Elon has gone all in. 58 00:05:31.373 --> 00:05:32.033 internally. 59 00:05:32.873 --> 00:05:35.274 He is spearheading the project himself now. 60 00:05:35.754 --> 00:05:56.220 It's probably part of the reason why we saw three of the most senior leaders on the Optimus team, the head of Optimus AI, the head of hardware, and the head of their hand division, all leave the company over the past few months, because they probably were not game to sleep on the floor, you know, from now until whenever. 61 00:05:57.863 --> 00:06:00.644 But the company is laser focused on it. 62 00:06:00.944 --> 00:06:08.525 So if you take a look at the November 6th shareholder meeting invite, what do you see on the invite? 63 00:06:09.665 --> 00:06:11.066 Dave, I said it to you. 64 00:06:11.086 --> 00:06:13.026 I will show it to you if I can figure out where it is. 65 00:06:13.066 --> 00:06:13.526 There it is. 66 00:06:14.286 --> 00:06:14.726 There it is. 67 00:06:15.007 --> 00:06:15.327 Okay. 68 00:06:15.687 --> 00:06:19.647 It is the as yet unrevealed V3. 69 00:06:19.807 --> 00:06:23.608 It has to be the V3 that they've pixelated so that we can't see exactly what it looks like. 70 00:06:23.648 --> 00:06:26.309 But it looks pretty much like V2 and V2.5. 71 00:06:28.086 --> 00:06:38.730 But that is definitely a confirmation that they're going to be showing or talking about or perhaps revealing V3 at the shareholder event. 72 00:06:39.350 --> 00:06:41.131 I could say one thing with confidence. 73 00:06:42.131 --> 00:06:52.434 And that I do not expect Tesla or Elon to be rolling out any form of V2 at the shareholder event. 74 00:06:52.555 --> 00:06:54.955 That is not a bot that he's proud of. 75 00:06:55.075 --> 00:06:55.916 Any form of what? 76 00:06:55.956 --> 00:06:56.516 What did you just say? 77 00:06:57.262 --> 00:06:59.603 of Optimus V2 at the shareholder meeting. 78 00:06:59.643 --> 00:07:00.463 It's not a bot. 79 00:07:01.003 --> 00:07:03.344 That bot is essentially dead. 80 00:07:03.684 --> 00:07:04.084 Okay. 81 00:07:04.444 --> 00:07:24.629 So the fact that he has a photograph, a digitized photograph of Optimus on the shareholder invite, and the fact that I know that there's essentially zero chance he's rolling out some two or 2.5, tells me that Optimus 3 is highly likely to be revealed on November 6th. 82 00:07:25.749 --> 00:07:28.890 This is the pinnacle moment for Tesla. 83 00:07:29.290 --> 00:07:34.912 This might be the most important moment in the company's history on November 6th. 84 00:07:35.112 --> 00:07:41.694 On November 6th, we will see what Elon believes will be the entire future of Tesla with Optimus 3. 85 00:07:42.574 --> 00:07:48.456 There's been reports that he has been aligning supply chain for production in 2026. 86 00:07:49.436 --> 00:07:54.778 And this is where I want to state very clearly that there are two ways to look at this. 87 00:07:55.345 --> 00:08:04.992 There is reality and there's the Elon Tesla distortion field, which quite honestly matters more than anything else when it comes to Tesla. 88 00:08:05.012 --> 00:08:12.857 This is the concept of generalized robotics and humanoids as much as I personally believe in it with 100% certainty. 89 00:08:13.317 --> 00:08:18.941 It is a blue sky sector that the world is still on the fence with. 90 00:08:19.241 --> 00:08:23.384 OK, you cannot prove it or disprove it right now. 91 00:08:24.018 --> 00:08:34.424 What we do know is some of the biggest tech leaders in the world and some of the largest countries in the world, China, have basically said they're going all in on this. 92 00:08:34.484 --> 00:08:36.545 This is the future of their country. 93 00:08:39.010 --> 00:08:41.712 Zuck at Meta is building out a humanoid division. 94 00:08:41.752 --> 00:08:45.214 We know that Sam Altman at OpenAI is building out a humanoid division. 95 00:08:45.254 --> 00:08:47.555 We know that Apple is building out a humanoid division. 96 00:08:47.895 --> 00:08:50.637 We know that Amazon is building out a humanoid division. 97 00:08:51.317 --> 00:08:58.661 We've seen, you know, we talk extensively about the partnerships that Google has with one of our favorite companies, Aptronic. 98 00:08:59.355 --> 00:09:01.836 to essentially go big into humanoids. 99 00:09:02.296 --> 00:09:11.839 So we've seen Jensen talk about humanoids being the biggest thing to happen in tech for the next 10 to 20 years. 100 00:09:12.059 --> 00:09:15.840 And it's about half of everything that he talks about at Nvidia. 101 00:09:17.900 --> 00:09:20.702 This is potentially massive. 102 00:09:20.742 --> 00:09:24.585 This is potentially the biggest thing that we have ever seen in our lifetime. 103 00:09:24.685 --> 00:09:29.389 And Tesla is about to show its cards, we believe, on November 6th. 104 00:09:30.149 --> 00:09:33.652 So am I putting on my big trade? 105 00:09:34.789 --> 00:09:36.110 To an extent, yes. 106 00:09:36.690 --> 00:09:53.241 Do I believe that what he unveils on November 6th will be a truly scalable, production-ready, game-changing bot that is meaningfully more capable of what I'm seeing from other companies in the space? 107 00:09:54.202 --> 00:09:54.642 I don't know. 108 00:09:55.363 --> 00:09:55.863 I don't know. 109 00:09:56.583 --> 00:10:03.448 But the asymmetric risk-reward of not having a play on Tesla 110 00:10:03.886 --> 00:10:08.468 going into this event, for me, is insane. 111 00:10:08.949 --> 00:10:11.990 Like I have to be heavily invested in Tesla. 112 00:10:12.150 --> 00:10:28.239 I have to have chips on the table going into this event, even though I don't know if I believe in this bot yet, because I have to make an assumption that the presentation of Optimist 3 by Elon and his team 113 00:10:30.081 --> 00:10:33.622 I would have to make an assumption that it will be a great presentation. 114 00:10:34.082 --> 00:10:49.165 I have to make an assumption that after Elon told us that this is 80% of the company, that this is the biggest thing that Tesla will ever do, that he is going to put on a show to attempt to make the world believe that this is the biggest thing ever. 115 00:10:49.945 --> 00:10:53.106 I will remind you, though, as much as they like to put on a show, 116 00:10:54.233 --> 00:10:58.435 I feel like Tesla does a terrible job of putting that presentation together. 117 00:10:58.716 --> 00:11:03.498 I feel like every time they try to do a big event, it just falls flat. 118 00:11:03.658 --> 00:11:06.820 You think he's going to throw like a metal cue ball at the robot again? 119 00:11:06.840 --> 00:11:08.021 Yeah, just don't throw anything at it. 120 00:11:08.041 --> 00:11:11.042 Although he has basically said it's impossible to knock over. 121 00:11:11.082 --> 00:11:16.926 We've seen the prototype version being kicked and things like that. 122 00:11:17.877 --> 00:11:23.903 Dave, don't you think that maybe here they've learned enough from the prior Optimus events? 123 00:11:24.643 --> 00:11:25.384 I would hope. 124 00:11:25.664 --> 00:11:37.955 I keep thinking that, but every time we see something, whether it's battery day or AI day or a vehicle reveal, whatever it is, it always seems to be like the production, like the lighting. 125 00:11:37.976 --> 00:11:39.717 They just don't have their shit together. 126 00:11:40.838 --> 00:11:47.505 Like when he's on stage and with a microphone and they don't have a spotlight on him and it's like, okay, well, we can't see anything. 127 00:11:47.805 --> 00:11:51.890 And like, it's like they need to hire Apple to do their events. 128 00:11:53.151 --> 00:12:03.362 I completely agree with you there, which is why in part, I think there is downside, downside risk holding through the event. 129 00:12:03.930 --> 00:12:09.353 I believe there is massive upside potential holding through the event. 130 00:12:09.633 --> 00:12:13.775 I think the risk reward is somewhat asymmetrical. 131 00:12:15.195 --> 00:12:20.938 The trade I like most is holding a position going into the event. 132 00:12:21.958 --> 00:12:28.301 How much of that position to hold through the event is a bit of a question mark. 133 00:12:28.802 --> 00:12:31.543 When to actually put that position on 134 00:12:32.418 --> 00:12:36.557 is also a bit of a question mark how much of that position do you put on 135 00:12:37.298 --> 00:12:49.925 Yesterday, today, Monday, next week, how much of that position do you wait until we get, you know, maybe a bit closer to the event when the hype cycle starts and the leaks start? 136 00:12:50.125 --> 00:12:51.646 Let's just say this would be the first. 137 00:12:52.226 --> 00:12:57.229 Let's say this is the first hype leak going into the event today with this episode. 138 00:12:57.589 --> 00:13:02.132 But I suspect that we will see a lot more of it as we get closer to November 6th. 139 00:13:02.232 --> 00:13:03.993 It's over a month away. 140 00:13:04.697 --> 00:13:14.363 And this is, again, I think this is the most important moment in the company's history, at least for me as an investor. 141 00:13:14.783 --> 00:13:19.106 I just wonder if as an investor, like, you're getting in too late. 142 00:13:20.567 --> 00:13:24.849 I was in for the six months running up and doubling of Tesla stock. 143 00:13:24.909 --> 00:13:29.612 I did not have a leveraged, you know, crazy option play. 144 00:13:29.652 --> 00:13:32.994 But just in stock, you know, is it that... 145 00:13:34.673 --> 00:13:40.574 this announcement and seeing this image was the, this is the dissemination of news. 146 00:13:40.654 --> 00:13:45.296 I don't- This is where as a social ARP trader, you should be like closing your position. 147 00:13:45.916 --> 00:13:55.738 So Dave, if we look at the last six months, well, first of all, for me, I would have lost a lot of money if I had all my money in Tesla six months because my total portfolio is up a lot more than 148 00:13:56.418 --> 00:13:58.180 100% the last six months. 149 00:13:58.501 --> 00:14:00.963 Well, I'm saying if you had done a leveraged play. 150 00:14:01.043 --> 00:14:03.166 If you had done a heavily leveraged play. 151 00:14:03.206 --> 00:14:05.828 In addition to all the other crazy options you were winning. 152 00:14:05.889 --> 00:14:06.249 Agreed. 153 00:14:06.834 --> 00:14:07.154 Agreed. 154 00:14:07.214 --> 00:14:11.256 So if you look at why Tesla's gone up over the past few months, we know the narrative, right? 155 00:14:11.296 --> 00:14:13.918 The narrative has mostly not been optimist, right? 156 00:14:14.138 --> 00:14:16.259 There's a narrative around Elon leaving politics. 157 00:14:16.279 --> 00:14:21.182 There's a narrative around the compensation package, right? 158 00:14:21.222 --> 00:14:24.203 The Elon Musk stock buy, I think, was a big... 159 00:14:24.223 --> 00:14:27.045 The stock buy was a huge moment. 160 00:14:27.245 --> 00:14:34.429 Also, you know, finally, we're getting some robo-taxi rollout, even though it's not fully driverless yet. 161 00:14:34.669 --> 00:14:36.630 So there's been a lot of positive... 162 00:14:37.034 --> 00:14:39.035 momentum around the stock. 163 00:14:39.075 --> 00:14:44.357 And then of course the role, I think everybody loaded into the stock knowing the numbers were going to be great. 164 00:14:44.377 --> 00:14:48.899 And then obviously sold off to some extent on the auto numbers this quarter. 165 00:14:48.919 --> 00:14:49.899 So that's not a big secret. 166 00:14:49.919 --> 00:14:51.860 As we've seen what the last few days have been down a little bit. 167 00:14:53.000 --> 00:15:04.885 Yes, as it relates to Optimus, you know, the thesis on Optimus is if Optimus actually is as good as people think it might be, 168 00:15:06.178 --> 00:15:16.391 If this sector is as big as people think it might be, we're talking about a, you know, a division of Tesla that is potentially worth trillions and trillions of dollars here. 169 00:15:16.411 --> 00:15:16.591 Right. 170 00:15:16.951 --> 00:15:21.417 So there is certainly meaningful upside on the optimist trade. 171 00:15:22.633 --> 00:15:35.416 The market has to assess the degree to which they believe Elon and his team can truly be at the top of the food chain of generalized robotics and humanoids. 172 00:15:35.937 --> 00:15:39.418 That is still certainly a question mark right now. 173 00:15:39.558 --> 00:15:43.899 And November 6th is the company's chance to answer that question. 174 00:15:44.239 --> 00:15:48.480 Now, it's not necessarily like this is the end robot here for the next 10 years. 175 00:15:48.980 --> 00:16:05.613 It's can they impress us enough on November 6th to make us believe that Tesla will be the number one or worst case number two generalized robotics company in the world when we're about to head into a decatrillion dollar market of generalized robotics over the next 25 years. 176 00:16:05.753 --> 00:16:07.034 Yeah, well, I think that's the question, right? 177 00:16:07.054 --> 00:16:12.876 Because you've got a company that has the scale to be able to scale up these humanoid robots. 178 00:16:12.896 --> 00:16:15.277 They've got the supply chain in place. 179 00:16:15.297 --> 00:16:20.500 They understand sourcing materials, understand sourcing parts, batteries, CPU, all these things, GPUs. 180 00:16:20.620 --> 00:16:26.162 They can they can they've got the logistics to actually handle a rollout like that. 181 00:16:26.623 --> 00:16:27.503 Do they have the tech? 182 00:16:28.748 --> 00:16:29.229 They do. 183 00:16:29.309 --> 00:16:38.434 And Jordan, I've always said, because obviously I work with a lot of investors in this sector, and they always ask me, like, how many winners will there be? 184 00:16:38.534 --> 00:16:40.135 And what will Tesla's role be? 185 00:16:40.796 --> 00:16:47.160 And I always tell them, listen, it's Tesla's game to lose in terms of being a top three player in the space. 186 00:16:47.880 --> 00:16:49.381 But I do believe that 187 00:16:50.117 --> 00:17:00.705 the majority of companies in the world are likely reluctant for various reasons to go all in on just Tesla robots in terms of commercial and industrial use. 188 00:17:00.785 --> 00:17:01.006 Right. 189 00:17:01.286 --> 00:17:06.590 For various reasons, some of them competitive that they're automotive manufacturers. 190 00:17:06.670 --> 00:17:06.950 Right. 191 00:17:07.611 --> 00:17:14.456 Some of them due to varying degrees of politics or not wanting to work with Elon for various reasons. 192 00:17:14.869 --> 00:17:25.578 I also believe in terms of the consumer space, certainly you can make a strong argument that two thirds of the world will never have a Tesla robot in their home for various reasons, right? 193 00:17:25.618 --> 00:17:27.619 Political, anti-Elon. 194 00:17:27.979 --> 00:17:31.422 So this will never be a sector where Elon takes all. 195 00:17:31.462 --> 00:17:35.285 That's just like an impossibility, especially when you have every major big tech player. 196 00:17:35.305 --> 00:17:43.732 I just don't think it's way too early to worry about what consumers are gonna do with robots when there's a huge industrial use for robots sitting right at the front. 197 00:17:44.381 --> 00:17:53.068 No, you're right, Jordan, but there are two separate markets, and each of them is, in theory, a multi-trillion to decatrillion-dollar market. 198 00:17:53.348 --> 00:18:10.582 So what we've seen over the past six, seven, eight years in capital markets is this massive pull forward that we never used to have in public equity investing, where you have companies and investors will actually pull forward earnings that are 10, 15 years down the road, right? 199 00:18:10.602 --> 00:18:10.762 Right. 200 00:18:11.122 --> 00:18:11.903 in a sector. 201 00:18:11.983 --> 00:18:15.827 So that is just a reality of investing in public markets now. 202 00:18:16.328 --> 00:18:25.337 Listen, we still don't have RoboTaxi and people were valuing Tesla 10 years ago on RoboTaxi that still doesn't exist today. 203 00:18:25.438 --> 00:18:27.600 It's still not generating essentially any revenue. 204 00:18:27.900 --> 00:18:43.982 today right so um this is in terms of size massively larger than robo taxi massively larger by elon's own words right so if robo taxi can pull forward revenue from 10 years out that still hasn't happened 205 00:18:45.129 --> 00:18:58.793 Why wouldn't we pull forward revenue that's going to be in 2040 in the home when if you could make a case that hundreds of millions of homes around the world will want to have robots and Tesla could be a leader in that space? 206 00:18:59.173 --> 00:19:06.095 So I think it's a really important perspective to have as investors when we start to look at this sector. 207 00:19:07.496 --> 00:19:10.261 So I am in a quandary here for myself. 208 00:19:10.702 --> 00:19:18.957 I have initiated somewhat of a meaningful position in Tesla going into this event. 209 00:19:18.977 --> 00:19:20.159 I anticipate 210 00:19:21.215 --> 00:19:24.097 increasing the size of that position going into the event. 211 00:19:24.677 --> 00:19:29.740 I do not know how much of that position I want to hold through the event. 212 00:19:29.941 --> 00:19:33.503 Please don't anyone ask me, what options are you buying? 213 00:19:33.803 --> 00:19:34.944 When are you exiting? 214 00:19:35.324 --> 00:19:38.206 I might exit the entire thing in 10 minutes. 215 00:19:38.746 --> 00:19:39.767 I just don't know. 216 00:19:39.947 --> 00:19:42.809 This is a fluid situation. 217 00:19:42.829 --> 00:19:47.892 I'm continuing to surface new information on a daily basis. 218 00:19:48.372 --> 00:19:51.194 As you all know, it's a trade I've been preparing for for years. 219 00:19:51.834 --> 00:20:00.100 So I don't know exactly how I'm going to trade it, but I wanted to share this with our community because we've been talking about it for years. 220 00:20:00.540 --> 00:20:03.102 And I felt that I owed it to the community to say, hey, 221 00:20:03.964 --> 00:20:07.846 You've been waiting, you've been wanting to know, well, this is the time. 222 00:20:08.546 --> 00:20:10.487 I feel like this is a pinnacle moment. 223 00:20:10.707 --> 00:20:12.127 There will be more than one moment. 224 00:20:12.888 --> 00:20:25.113 It's not, this is not the only moment for Optimus, but this is a very important pinnacle moment for Optimus and Tesla that I think is coming up on November 6th. 225 00:20:25.153 --> 00:20:27.374 In fact, I'm nearly positive. 226 00:20:28.108 --> 00:20:29.789 is coming up on November 6th. 227 00:20:30.150 --> 00:20:56.752 So if you are like me trying to time this and trying to gauge this and prepare your mind to trade this because you really believe that AI centric generalized humanoid robots are going to be a massive part of industry and retail and home use for the next 40 years, this is one of those moments in time where you have to just stop and really assess what's happening 228 00:20:57.550 --> 00:21:04.634 And put the chips, however many chips you want to put, you know, kind of put the chips where you think they should go. 229 00:21:05.914 --> 00:21:13.398 It's a time to do your research, and it's a time to think strategically and deeply about how you want to play this. 230 00:21:14.079 --> 00:21:15.259 And that's what today is all about. 231 00:21:17.561 --> 00:21:17.741 Fair? 232 00:21:19.021 --> 00:21:19.361 That's fair. 233 00:21:21.495 --> 00:21:32.409 I, you know, as much of my net worth is tied up in Tesla right now, I'm not sure I want to add additional exposure, even though this is that kind of trigger event that we've been waiting for. 234 00:21:33.149 --> 00:21:35.012 November 6, 3 p.m. Central Time. 235 00:21:36.398 --> 00:21:39.960 Live from Texas, which I really would love to be there in person. 236 00:21:40.401 --> 00:21:41.001 Are you applying? 237 00:21:41.381 --> 00:21:41.982 Oh, of course. 238 00:21:42.582 --> 00:21:43.002 I am too. 239 00:21:43.042 --> 00:21:47.586 I'm going to do, I keep forgetting to do it because I have to like do it from my laptop. 240 00:21:47.606 --> 00:21:49.827 I got to upload some, some like PDF. 241 00:21:49.927 --> 00:21:51.228 It's very vague. 242 00:21:51.668 --> 00:21:55.911 I guess you've got to upload a statement, an account brokerage statement, basically, right? 243 00:21:56.652 --> 00:21:57.612 Showing that you own Tesla. 244 00:21:59.013 --> 00:22:04.757 I feel like I've already proven that to them as part of my account because I didn't have to do anything this time. 245 00:22:05.878 --> 00:22:07.840 No, I'm almost positive you do, Dave. 246 00:22:07.940 --> 00:22:20.410 I read through the instructions and they want you to, if you read through the fine print, they want you to prove through a statement, a PDF, that you have owned Tesla prior to September 15th. 247 00:22:20.770 --> 00:22:26.135 I think they want to see a statement, a September statement is what they want. 248 00:22:26.155 --> 00:22:28.897 Is there like a minimum number of shares or like a percentage of your account? 249 00:22:28.957 --> 00:22:31.439 Nope, just you have to be a shareholder of some sort. 250 00:22:31.459 --> 00:22:32.900 You have to be a shareholder. 251 00:22:33.601 --> 00:22:34.582 I would love, 252 00:22:35.238 --> 00:22:35.959 to go to this event. 253 00:22:36.019 --> 00:22:39.301 Now the tickets are not transferable, all this stuff. 254 00:22:40.342 --> 00:22:47.268 I would love to be at this event live and I'm going to do everything I can to try to be there. 255 00:22:47.828 --> 00:22:50.070 I will watch it from the comfort of my living room. 256 00:22:51.491 --> 00:22:54.434 Uh, yeah, we, we, we, we will, we will see. 257 00:22:55.955 --> 00:22:58.557 Um, this is, this is a big deal though, guys. 258 00:22:58.897 --> 00:23:01.920 Uh, so I have been, as, as you guys know, um, 259 00:23:03.051 --> 00:23:14.237 I have been all in the last month on various humanoid projects as it relates to investing, assisting with funding. 260 00:23:14.817 --> 00:23:19.400 There are so many exciting things happening in the sector. 261 00:23:21.961 --> 00:23:25.503 I don't think this is like a big surprise necessarily. 262 00:23:26.143 --> 00:23:32.827 Your big three companies, I'm going to include a fourth now that... 263 00:23:33.339 --> 00:23:35.780 I wasn't including all year, but I think I have to. 264 00:23:36.901 --> 00:23:55.290 We've talked a lot about Tesla Optimus, Figure, AI, and Aptronic as kind of the big three in the space that are actually building out supply chain ready, scalable robotic platforms that have enough capital to actually also 265 00:23:56.530 --> 00:24:09.275 build all the things needed behind the scenes, the operating system, the logistics, the deployment of these bots into commercial and industrial industry sectors. 266 00:24:10.055 --> 00:24:17.818 And all three of these companies, I think, over the course of the next few months to next year, will be kind of releasing their bots. 267 00:24:18.298 --> 00:24:41.902 future generation scalable platforms so we haven't really seen i think we'll hopefully get to see on november 6 what the tesla optimist 3 looks like i'm looking forward to seeing the figure 3 bot i know a handful of people who have seen it i have not uh and i'm looking forward to seeing that uh they closed their uh their last round didn't they 268 00:24:42.813 --> 00:24:48.056 They closed their last round, I guess, over a billion dollars at the 38 and a half billion pretty money. 269 00:24:48.076 --> 00:24:49.297 There were some problems with that. 270 00:24:50.137 --> 00:24:57.301 Yeah, they had some issues a few months ago when Fortune magazine came out with a hit piece related to their BMW relationship. 271 00:24:57.841 --> 00:24:59.782 But, you know, they were able to pull it together. 272 00:25:00.062 --> 00:25:02.284 And the bottom line is they have money and engineers. 273 00:25:02.344 --> 00:25:05.986 So, like, you need money, you need a lot of money and you need good engineers. 274 00:25:07.315 --> 00:25:09.316 You know, they seem to have both. 275 00:25:09.576 --> 00:25:16.259 So it's a company, whether you love or hate Greg Adcock, because he's a controversial CEO and figure, you have to pay attention to them. 276 00:25:16.279 --> 00:25:20.962 And at least as of right now, you still need to rec, you need to recognize them as one of the big three. 277 00:25:22.322 --> 00:25:32.047 I'm going to add a fourth because it started to become, you know, semi-public knowledge over the course of the past few weeks. 278 00:25:32.850 --> 00:25:37.272 that One X out of Norway, which is relocating the company to San Francisco. 279 00:25:37.332 --> 00:25:41.214 This is the really funky, you can call it like a soft robot. 280 00:25:41.354 --> 00:25:45.376 It's a robot that works off of tendon drive. 281 00:25:45.436 --> 00:25:47.397 So instead of having like traditional 282 00:25:48.250 --> 00:25:53.033 endo or exoskeleton that's made out of like metal and has regular actuators. 283 00:25:53.393 --> 00:25:58.096 They have more of a soft skin and they have actual tendons going throughout the robot. 284 00:25:58.436 --> 00:26:05.041 It's a highly controversial, uh, architecture for a generalized robot. 285 00:26:05.441 --> 00:26:09.403 Quite honestly, it's a robot that most of us have been laughing at a lot. 286 00:26:09.423 --> 00:26:11.665 It's the one that looks like a person wearing a suit. 287 00:26:12.165 --> 00:26:12.425 Yes. 288 00:26:13.046 --> 00:26:13.346 But, uh, 289 00:26:14.206 --> 00:26:18.628 information is breaking that they are raising this round. 290 00:26:18.648 --> 00:26:28.593 It was in the press, so I'm not like, you know, sharing anything I shouldn't, but that they're raising like a billion dollars at a $10 billion post money valuation. 291 00:26:28.713 --> 00:26:35.075 So, you know, my sources tell me that they actually really do have leads for that round. 292 00:26:35.135 --> 00:26:38.617 So at least the lead investors are real. 293 00:26:38.697 --> 00:26:40.758 I want to kind of disclose what I know about that, but 294 00:26:41.928 --> 00:26:43.709 they actually have real lead investors. 295 00:26:43.829 --> 00:26:46.189 So listen, I have no clue. 296 00:26:46.649 --> 00:26:50.790 I debate their architecture all the time in terms of their tendon drives. 297 00:26:51.671 --> 00:26:58.392 You know, I do this, you know, guys like Scott Walter, my roboticist friend, and maybe he's watching today. 298 00:26:59.813 --> 00:27:02.373 But I don't know if it's a viable platform. 299 00:27:02.493 --> 00:27:05.134 But what I do know, I have a lot of opinions on it. 300 00:27:05.414 --> 00:27:09.235 But what I do know is now that it looks like they're getting some real money. 301 00:27:10.528 --> 00:27:25.032 And so I kind of think you have to maybe include them now in that tier one, even though it's a highly speculative, controversial tier one generalized robotics company. 302 00:27:26.212 --> 00:27:26.932 So we'll see. 303 00:27:27.252 --> 00:27:27.733 We'll see. 304 00:27:27.913 --> 00:27:28.893 I mean, it's exciting. 305 00:27:30.523 --> 00:27:32.965 I want one of every robot I've ever seen. 306 00:27:33.746 --> 00:27:46.354 Do you know the weird thing about Neo, about the 1X Neo, is that I believe their game plan, which I've also, I think, publicly stated, is to have, like, thousands of these in homes getting trained. 307 00:27:46.414 --> 00:27:51.117 But do you know the way I think they're going to train them is what teleoperated humans... 308 00:27:51.678 --> 00:27:52.618 So, see... 309 00:27:52.718 --> 00:27:56.921 It's like having a stranger in your home because they can hear and see everything. 310 00:27:57.281 --> 00:27:57.802 And so, like... 311 00:27:58.482 --> 00:28:02.323 That's not the robot autonomously walking around your house. 312 00:28:02.343 --> 00:28:05.143 There is a 0% chance that that thing's going to live in my home with me. 313 00:28:05.623 --> 00:28:07.084 No, me neither. 314 00:28:07.744 --> 00:28:08.344 Me neither. 315 00:28:09.204 --> 00:28:10.364 Could you imagine, dude? 316 00:28:10.384 --> 00:28:11.305 That'd be crazy. 317 00:28:11.645 --> 00:28:12.945 But you know what, Jordan? 318 00:28:13.365 --> 00:28:18.986 There are plenty of crazy people that would absolutely be willing to have that in their home. 319 00:28:19.286 --> 00:28:20.607 I don't care. 320 00:28:21.347 --> 00:28:22.747 Dave doesn't care. 321 00:28:22.987 --> 00:28:23.567 Bring it on. 322 00:28:23.587 --> 00:28:27.848 I'm going to let a random stranger teleoperator into my home. 323 00:28:28.826 --> 00:28:33.770 I can't even have zero chance in my home, but there are millions. 324 00:28:33.790 --> 00:28:35.671 Okay, so Tim Donovan made a couple of funny comments. 325 00:28:35.811 --> 00:28:43.497 I just want to – the one is that he said that he wants them to stop making them look like Jason, which I agree with. 326 00:28:43.637 --> 00:28:46.139 He wants the one from the Jetsons. 327 00:28:46.359 --> 00:28:48.180 I want Vicky, the small wonder. 328 00:28:49.221 --> 00:28:50.362 That's a robot that I want. 329 00:28:51.242 --> 00:28:52.083 Yes, Dave. 330 00:28:52.163 --> 00:28:53.304 Dave knows what I'm talking about. 331 00:28:53.544 --> 00:28:54.465 I just froze time. 332 00:28:55.065 --> 00:28:55.586 Okay. 333 00:28:58.963 --> 00:28:59.763 Oh my goodness. 334 00:29:01.024 --> 00:29:07.306 Do you know why that the small wonder show, by the way, this totally unrelated, but it is robots. 335 00:29:07.567 --> 00:29:10.308 You know why that show is not in reruns? 336 00:29:10.648 --> 00:29:10.888 No. 337 00:29:11.428 --> 00:29:17.091 Because the theme song was an actual song and they can't afford the rights to the theme song. 338 00:29:17.631 --> 00:29:17.971 Oh really? 339 00:29:18.031 --> 00:29:18.951 That, that, you know. 340 00:29:18.971 --> 00:29:20.432 She's a small wonder. 341 00:29:20.452 --> 00:29:21.272 Is that, that, that song? 342 00:29:21.292 --> 00:29:23.173 The hang of the cloth from a star. 343 00:29:23.593 --> 00:29:23.913 Yeah. 344 00:29:23.973 --> 00:29:25.354 Dave, do you know what? 345 00:29:25.894 --> 00:29:27.615 By the way, I love that show too. 346 00:29:29.578 --> 00:29:41.946 Episode of 90210 that I played on two characters, my famous double character episode that I was on, that episode had a music rights issue. 347 00:29:42.066 --> 00:29:45.128 And when I look for it on the streaming, it's... 348 00:29:45.148 --> 00:29:45.708 They pulled it. 349 00:29:45.748 --> 00:29:45.948 Gone. 350 00:29:45.968 --> 00:29:46.829 They pulled it from streaming. 351 00:29:47.349 --> 00:29:47.729 Gone. 352 00:29:48.110 --> 00:29:48.330 Yeah. 353 00:29:48.910 --> 00:29:51.512 Thank goodness I have the DVD in my house. 354 00:29:54.113 --> 00:29:55.494 Otherwise, nobody would believe me. 355 00:29:55.674 --> 00:29:56.175 Did you know? 356 00:29:56.315 --> 00:29:56.875 Oh, by the way... 357 00:29:57.567 --> 00:29:58.628 90210 news. 358 00:29:58.788 --> 00:30:00.190 I saw this on the Today Show this morning. 359 00:30:00.210 --> 00:30:01.791 I think it's like the 30th anniversary. 360 00:30:02.091 --> 00:30:05.254 They're re-releasing it all in like 4K resolution. 361 00:30:05.374 --> 00:30:08.617 They took all the old footage and re-scanned it. 362 00:30:08.677 --> 00:30:09.238 Gosh. 363 00:30:12.821 --> 00:30:15.303 But not the episodes they don't have the stupid music rights to. 364 00:30:15.964 --> 00:30:17.385 That is so upsetting to me. 365 00:30:18.882 --> 00:30:21.447 I can't believe you were two characters in the same episode. 366 00:30:21.747 --> 00:30:27.398 You were a guy at beach pointing and you were dying back of restaurant getting mad at someone. 367 00:30:29.037 --> 00:30:33.418 That was a featured extra role, just the restaurant character. 368 00:30:33.438 --> 00:30:40.579 Just so you know, controversial, but I potentially should have had a sad card from that role there because they did feature me. 369 00:30:41.180 --> 00:30:42.100 You know the whole story. 370 00:30:42.120 --> 00:30:43.180 I don't have to repeat it here. 371 00:30:43.260 --> 00:30:45.440 It's a big deal of my life. 372 00:30:45.840 --> 00:30:49.841 At that moment, it was the best moment of my life because you know how much I love 90210. 373 00:30:50.341 --> 00:30:54.062 It was the biggest thing you'd ever done at that point in your life. 374 00:30:54.442 --> 00:30:55.122 Yes, it was. 375 00:30:55.282 --> 00:30:55.922 Yes, it was. 376 00:30:56.142 --> 00:30:56.863 In the background. 377 00:30:57.703 --> 00:30:58.583 It's still top five. 378 00:30:59.334 --> 00:31:05.736 Okay, so anyway, so this is it. 379 00:31:06.976 --> 00:31:10.497 I like the risk reward going into this event. 380 00:31:11.037 --> 00:31:13.358 I just don't know what the best entry point is. 381 00:31:13.398 --> 00:31:17.799 Does Tesla fall 50 or $60 more between now and then? 382 00:31:18.139 --> 00:31:18.700 I don't know. 383 00:31:20.360 --> 00:31:27.042 But I do like the risk reward of going into that event and 384 00:31:27.624 --> 00:31:31.687 I'm highly likely to hold a chunk of that position. 385 00:31:31.727 --> 00:31:32.867 What's that date, Chris? 386 00:31:32.967 --> 00:31:33.608 Early November? 387 00:31:33.688 --> 00:31:35.629 Is it... What? 388 00:31:35.969 --> 00:31:37.570 What's the date sometime in early November? 389 00:31:37.590 --> 00:31:38.391 It's November 6th. 390 00:31:38.751 --> 00:31:39.872 November 6th. 391 00:31:40.032 --> 00:31:47.997 And then the big question after the event, we need to do a show right after the event because based on how, you know, 392 00:31:48.809 --> 00:31:53.996 me and other people that have studied this market every day, we're going to break down the robot, right? 393 00:31:54.036 --> 00:31:58.522 Like we're going to assess how impressed we are 394 00:31:59.660 --> 00:32:10.923 not just based on your gut reaction of what you're seeing, but based on, you know, kind of our extraction of how we believe, you know, the changes they made in that bot. 395 00:32:11.103 --> 00:32:19.245 The changes they made in the bot, any kind of indication we have on an actual rollout strategy that, you know, how are they going to actually sell this? 396 00:32:19.545 --> 00:32:20.346 Is it to homes? 397 00:32:20.406 --> 00:32:21.446 Is it to business? 398 00:32:21.526 --> 00:32:24.847 Is it even going to happen next year or is this a 2029 strategy? 399 00:32:26.227 --> 00:32:27.849 type product. 400 00:32:28.149 --> 00:32:29.651 You know what's interesting, Dave? 401 00:32:30.011 --> 00:32:36.679 I think like some of these companies have been pivoting to like home because it's harder to disprove. 402 00:32:37.442 --> 00:33:03.455 home because you have a much longer runway right and and so you don't have to show uh contracts for the home and to some extent you know you could even pre-sell home orders and elon might try to do that and say like look we just sold five billion dollars of robots in in in orders that they could take seven years to deliver you know and we know you know 403 00:33:04.358 --> 00:33:12.424 that's kind of like the Tesla game plan is pre-selling pre, you know, put your a hundred dollar deposit, $500 deposit. 404 00:33:13.825 --> 00:33:17.948 And then it could be years before a product ever happens. 405 00:33:17.968 --> 00:33:20.910 So did that prediction first right here happen? 406 00:33:21.550 --> 00:33:23.912 Well, they will take orders. 407 00:33:23.992 --> 00:33:30.537 It's probably not during the shareholder event, but they will take orders the day that they do a product reveal. 408 00:33:30.697 --> 00:33:32.038 They'll take orders and, and, 409 00:33:33.742 --> 00:33:45.672 I think there's a great betting market play on over and under two years from the date that they put that that presale order form on the website. 410 00:33:45.833 --> 00:33:53.279 Didn't some haven't some people been waiting to put money down on the Roadster like seven years ago and are still waiting? 411 00:33:53.319 --> 00:33:54.280 I'm pretty sure. 412 00:33:55.796 --> 00:33:58.358 So I agree with Jordan here. 413 00:33:59.479 --> 00:34:09.627 The RAS rate, robot as a service rate to deploy these for commercial and industrial use is so high. 414 00:34:10.788 --> 00:34:17.693 It's kind of in the range of $100,000 per year per bot, believe it or not, because the bot's 415 00:34:18.304 --> 00:34:20.825 are being priced based on their human equivalent. 416 00:34:20.845 --> 00:34:22.125 Yeah, that's the biggest thing. 417 00:34:22.285 --> 00:34:26.967 Yeah, you've got, you've got a rel, you can compare it relatively to human labor, right? 418 00:34:27.147 --> 00:34:27.387 Yes. 419 00:34:27.427 --> 00:34:38.270 And so if you come in under human labor, all in costs, healthcare, you know, all these, all the factors, then it's, it's an easy mathematic decision to make. 420 00:34:38.908 --> 00:34:49.647 Yes, and for people that are listening to us for the first time talk about robots, a very brief robot investor 101 KPIs to be aware of. 421 00:34:50.853 --> 00:34:54.995 hours between faults is probably one of the biggest KPIs. 422 00:34:55.455 --> 00:35:04.838 So what we want to know is how many hundreds or how many thousands of hours can the robot perform a commercial job without having a fault. 423 00:35:05.018 --> 00:35:07.759 The other KPI is the task completion rate. 424 00:35:08.159 --> 00:35:10.560 Is it 99.5%, 99.8%, which is kind of where we want to see it for, 425 00:35:13.841 --> 00:35:15.282 a human equivalent. 426 00:35:15.342 --> 00:35:19.184 What is the human equivalent task output speed, right? 427 00:35:19.225 --> 00:35:26.989 Is it performing at 80% of human speed, which is essentially the benchmark that a lot of these robot companies are trying to meet? 428 00:35:27.209 --> 00:35:29.571 Also, what is the human to bot ratio? 429 00:35:29.591 --> 00:35:37.675 Meaning if you have 100 bots working on a manufacturing line, how many humans need to be there to assist them or to manage them? 430 00:35:38.096 --> 00:35:39.997 If it's 100 humans, one to one, 431 00:35:40.457 --> 00:35:43.020 That's not good economics, obviously. 432 00:35:43.060 --> 00:35:48.625 So that's a question that if you were an investor and you're like looking to invest in a robot company, right? 433 00:35:48.645 --> 00:35:58.774 Or you want to know the answers to these questions because these are the KPI thresholds that need to be achieved before these bots can actually start scaling. 434 00:35:58.814 --> 00:36:03.239 So if you have a robot company telling you, hey, we're scaling robots. 435 00:36:03.977 --> 00:36:06.340 Okay, can you answer these questions for us? 436 00:36:06.700 --> 00:36:10.725 Because if you can't answer these questions for us, then you're just hyping. 437 00:36:11.106 --> 00:36:12.607 You're just hyping, okay? 438 00:36:12.667 --> 00:36:17.293 So until a company can answer those questions for me, 439 00:36:18.310 --> 00:36:38.348 i do not believe that they have a scalable robot platform okay and i don't think elon's going to answer any of those questions because quite honestly most tesla investors don't even know to ask them and most analysts don't even know to ask them but those are the questions that we eventually are going to want to ask so if you're a wall street analyst today watching this 440 00:36:39.184 --> 00:36:39.704 Take notes. 441 00:36:40.705 --> 00:36:48.331 These are the questions you're eventually going to want to ask to assess the viability of the scaling of that robot platform. 442 00:36:48.872 --> 00:36:52.555 And so I don't think it matters on November 6th. 443 00:36:52.615 --> 00:36:55.497 I think November 6th is, can he impress us? 444 00:36:56.198 --> 00:37:02.903 Can he show us the future in a way that just didn't really work with Optimus too? 445 00:37:04.344 --> 00:37:05.645 So I don't think the bar is set 446 00:37:09.697 --> 00:37:20.069 quite that high for the November 6 shareholder meeting, which as an investor, I kind of like that because it means that there's a trade there. 447 00:37:21.330 --> 00:37:26.696 It's relatively easy, I think, for Elon to walk away from that event 448 00:37:28.631 --> 00:37:35.694 positively as it relates to, hey, this is a multi-trillion dollar industry that we're about to be a leader in. 449 00:37:36.054 --> 00:37:39.736 I don't, he just needs to show us that his team is capable. 450 00:37:40.116 --> 00:37:42.977 And you know, he's not gonna tell us the truth, right? 451 00:37:43.538 --> 00:37:44.658 On any of the timelines. 452 00:37:44.718 --> 00:37:47.239 So like, we all know it. 453 00:37:47.559 --> 00:37:53.322 He's just, he loves to put in a date out there that's completely unrealistic. 454 00:37:54.162 --> 00:37:55.723 Yeah, yeah. 455 00:37:55.743 --> 00:37:57.944 By the way, a comment, DeMarc Benoff, 456 00:37:58.674 --> 00:38:24.201 uh optimist demo was a bust it really was like i can't i'm not even sure that he was supposed to show that video that was optimist 2 2.5 whatever i yeah we we better not see anything like that if we see anything like that let me state this very clearly i think you could see a collapse in tesla stock okay so uh if optimus is ultimately a bust 457 00:38:25.305 --> 00:38:33.828 watch out below because if optimist does not perform, I don't even know what the floor is on Tesla stock. 458 00:38:33.948 --> 00:38:35.168 Quite honestly, we all know. 459 00:38:35.188 --> 00:38:36.869 It's whatever car companies trade at, right? 460 00:38:36.889 --> 00:38:38.789 Maybe a little premium for their FSD. 461 00:38:39.589 --> 00:38:51.253 A little premium for a robo taxi, even when that eventually materializes, but certainly you can't make a case for it in the trillions of dollars. 462 00:38:52.681 --> 00:39:01.064 So listen, that's a pragmatic, unbiased kind of take or perspective on Tesla and Optimus. 463 00:39:01.144 --> 00:39:06.186 I think the November 6th events, by the way, I think people are going to be talking a lot about his compensation package and stuff. 464 00:39:06.606 --> 00:39:13.829 But I think the most important piece as it relates to his comp package on November 6th, because that's like the final vote. 465 00:39:14.089 --> 00:39:18.491 Are they going to release is that they do they release the results of the vote on November 6th? 466 00:39:18.511 --> 00:39:19.131 I think they might. 467 00:39:19.811 --> 00:39:27.916 They probably if if technically they can tabulate votes taken on site in addition to ones done online, I would think that they would. 468 00:39:28.656 --> 00:39:38.461 But but Dave, this is why the meeting is so important, because Elon's coming into this super controversial compensation vote. 469 00:39:38.982 --> 00:39:39.282 Right. 470 00:39:39.482 --> 00:39:45.205 He has to prove to shareholders that Tesla is worth it, that they need him. 471 00:39:45.585 --> 00:39:45.785 Right. 472 00:39:45.905 --> 00:39:46.746 All the stuff. 473 00:39:47.246 --> 00:39:48.727 And he's already told everyone. 474 00:39:49.412 --> 00:39:50.553 This is our future. 475 00:39:51.053 --> 00:39:52.994 This is this is everything. 476 00:39:53.414 --> 00:39:54.895 He can't screw this up. 477 00:39:55.476 --> 00:40:06.682 So I think as I think as like an investor or a speculator, you do have to make an assumption that he's not going to screw up the event, at least right like I like for me. 478 00:40:07.620 --> 00:40:09.181 I like the risk reward. 479 00:40:09.281 --> 00:40:11.663 I know you said he's screwed up so many events and he has. 480 00:40:11.763 --> 00:40:13.384 But it's not a product launch event. 481 00:40:13.405 --> 00:40:14.886 This is a financial event. 482 00:40:15.046 --> 00:40:19.089 And this will be, you know, he'll be on a stage with a microphone, big room of people. 483 00:40:19.309 --> 00:40:21.010 Like we've seen this event happen before. 484 00:40:21.030 --> 00:40:26.054 This is, they will have a demonstration just like when, you know, they gave factory tours. 485 00:40:26.074 --> 00:40:27.095 They've done all sorts of things. 486 00:40:27.115 --> 00:40:32.078 So they'll have, they'll have, I would imagine they'll have V3 on display. 487 00:40:32.999 --> 00:40:35.401 But it's not a product event. 488 00:40:35.421 --> 00:40:35.701 Yeah. 489 00:40:36.430 --> 00:40:40.113 I know it's not a product event, but I think that works in your favor. 490 00:40:40.233 --> 00:40:46.038 Because if it is a product event, the expectations are meaningfully higher, right? 491 00:40:46.578 --> 00:40:57.927 So because it's not a product event, his ability to demonstrate anything and just show it off in the best light, he gets to talk to the future. 492 00:40:58.407 --> 00:41:03.291 He gets to put out all these wild projections. 493 00:41:03.311 --> 00:41:03.511 Yeah. 494 00:41:03.942 --> 00:41:06.063 And then he gets to show you this thing. 495 00:41:06.543 --> 00:41:08.645 Again, we'll see. 496 00:41:09.205 --> 00:41:17.309 I do want to remind everybody that my favorite Tesla moment ever was people in Tesla, in Optimus suits. 497 00:41:19.731 --> 00:41:20.671 That was amazing, yes. 498 00:41:20.891 --> 00:41:23.053 Dancing around in Optimus suits. 499 00:41:23.213 --> 00:41:24.694 Do you know what? 500 00:41:24.734 --> 00:41:27.835 Random, which item color are we getting this year? 501 00:41:28.516 --> 00:41:30.777 Should we go with the orange or should we get the silver? 502 00:41:31.838 --> 00:41:32.578 What are you talking about? 503 00:41:33.172 --> 00:41:41.299 I need to order my iPhone, and I can't decide if I want orange because I always get the special color of the year. 504 00:41:41.319 --> 00:41:43.120 You obviously have to get orange. 505 00:41:43.200 --> 00:41:46.023 Is that even like a... Yeah, the orange is dope. 506 00:41:46.703 --> 00:41:48.144 Yeah, like that's not even a debate. 507 00:41:48.164 --> 00:41:49.105 That's all I need to know. 508 00:41:50.246 --> 00:41:54.990 By the way, I want to give the Optimist team a little bit... 509 00:41:55.437 --> 00:41:56.277 of credit here. 510 00:41:56.437 --> 00:42:08.882 I know everybody ripped on that event where they had optimists walking around being tele-operated mostly because the general public had expectations that were obscene, quite honestly. 511 00:42:09.642 --> 00:42:22.267 Do you understand how unbelievably challenging and impressive it was that Tesla actually had optimists that close to people at that point in time? 512 00:42:22.287 --> 00:42:22.387 Yeah. 513 00:42:23.327 --> 00:42:29.829 Multiple ones at a party in an unstructured environment at that point of time being teleoperated. 514 00:42:30.170 --> 00:42:32.070 Now, the voice was really bad. 515 00:42:32.190 --> 00:42:34.551 Like that that piece of it was kind of embarrassing. 516 00:42:34.591 --> 00:42:37.172 They just shouldn't have had it talking, period. 517 00:42:37.712 --> 00:42:50.197 But that was actually a really impressive moment for the sector that got ripped on simply because people's expectations were insane. 518 00:42:50.917 --> 00:42:52.818 Obviously, they're being teleoperated. 519 00:42:53.495 --> 00:42:57.477 We didn't have autonomous training done at that point in time. 520 00:42:57.517 --> 00:42:57.717 Yeah. 521 00:42:58.178 --> 00:42:59.298 Like, obviously. 522 00:42:59.739 --> 00:43:05.742 So again, you know, hopefully there's not that continued disconnect here. 523 00:43:07.223 --> 00:43:13.526 But I think expectations going into an investor event, a shareholder meeting should be appropriate this time. 524 00:43:13.546 --> 00:43:13.687 Yeah. 525 00:43:14.207 --> 00:43:14.387 Yeah. 526 00:43:16.619 --> 00:43:29.831 And I do like that Tesla is down off of the big auto number because it does kind of like set a new range for the company prior to this event. 527 00:43:30.652 --> 00:43:32.693 Timing-wise, it's going to be really difficult to time it. 528 00:43:34.895 --> 00:43:36.637 I just want to make sure there are some questions. 529 00:43:36.657 --> 00:43:40.921 I want to make sure if there are some key questions related to our actual core topic. 530 00:43:41.298 --> 00:43:42.799 I don't have price targets, guys. 531 00:43:43.099 --> 00:43:44.380 There's no price targets. 532 00:43:44.401 --> 00:43:45.361 That's not what I do. 533 00:43:47.283 --> 00:43:49.184 Chris, make a stance on the Tesla trade. 534 00:43:49.204 --> 00:43:51.906 November 6th can't be a real trade other than 50. 535 00:43:52.247 --> 00:43:55.469 Dude, you make a stance for yourself. 536 00:43:56.230 --> 00:44:02.635 I just told you everything that I think about this situation with Tesla on November 6th. 537 00:44:03.336 --> 00:44:06.218 I told you that I already initiated a position. 538 00:44:06.238 --> 00:44:09.941 I have an intention for it to be larger than it is today. 539 00:44:10.765 --> 00:44:18.309 I don't know how much of it I actually want to hold through the event and how much of it I want to sell prior to the event. 540 00:44:19.050 --> 00:44:23.852 I don't know what else happens in the world between now and November 6th that makes me change my mind. 541 00:44:23.972 --> 00:44:25.233 I don't know what Elon does. 542 00:44:25.373 --> 00:44:25.953 I don't know. 543 00:44:26.554 --> 00:44:30.796 Maybe there's an issue with RoboTaxi that sends Tesla spiraling. 544 00:44:31.677 --> 00:44:37.440 There's an infinite number of things that could happen every second of every day between now and then. 545 00:44:38.440 --> 00:44:39.501 Use us for... 546 00:44:40.332 --> 00:44:43.214 ideation, and then go off on your own. 547 00:44:43.274 --> 00:44:44.394 Do your own homework. 548 00:44:44.474 --> 00:44:51.158 Come up with your own conclusions, your own trade strategy, your risk reward, your life. 549 00:44:51.878 --> 00:44:52.779 Do not try to... 550 00:44:52.879 --> 00:44:57.741 I'm not going to share my trades because I don't want people mirroring my trades because it's insane. 551 00:44:58.382 --> 00:44:59.482 It's actually insane. 552 00:44:59.862 --> 00:45:01.103 And you now know what I know. 553 00:45:01.523 --> 00:45:03.624 You guys now know everything that I know. 554 00:45:05.005 --> 00:45:07.586 Add to it and come up with your own trade. 555 00:45:08.267 --> 00:45:08.747 Is that like... 556 00:45:09.770 --> 00:45:11.791 That's just how we've always done things here. 557 00:45:12.211 --> 00:45:13.932 Like we're, we don't have courses. 558 00:45:14.352 --> 00:45:18.254 We don't like want people to like trade exactly what we trade. 559 00:45:19.194 --> 00:45:22.655 I am sure that they're figuring out the ideas. 560 00:45:22.755 --> 00:45:28.518 I bet there are people that will nail this trade way better than me, way better than me that are watching today. 561 00:45:29.638 --> 00:45:30.639 All right. 562 00:45:30.679 --> 00:45:35.541 What, what, what does that, uh, I think they were saying that what you're saying is great. 563 00:45:35.681 --> 00:45:38.382 It's great answer when you're figuring out a trade. 564 00:45:39.669 --> 00:45:40.590 Right. 565 00:45:41.510 --> 00:45:43.632 Barb opportunity for any energy prize. 566 00:45:43.872 --> 00:45:45.172 Oh, did you see this? 567 00:45:45.613 --> 00:45:46.273 Oh, my gosh. 568 00:45:46.833 --> 00:45:48.294 Did you see this story? 569 00:45:48.815 --> 00:45:53.518 This company that just IPO this nuclear company in West Texas? 570 00:45:53.558 --> 00:45:53.838 Yes. 571 00:45:54.098 --> 00:45:55.279 Nick Perry's son. 572 00:45:55.999 --> 00:45:57.100 I was with people. 573 00:45:58.117 --> 00:46:11.101 that are that know those guys yesterday that started that company or that funded that company millions of dollars to billions, millions to billions in like seven months. 574 00:46:12.121 --> 00:46:12.301 What? 575 00:46:12.761 --> 00:46:13.021 What? 576 00:46:14.022 --> 00:46:16.542 Because I saw someone mentioned the energy trade. 577 00:46:16.922 --> 00:46:19.483 Listen, I really do. 578 00:46:19.963 --> 00:46:22.324 And and they they're pre revenue even. 579 00:46:24.292 --> 00:46:32.314 I just invested in another small nuclear reactor company this last week through a friend. 580 00:46:33.854 --> 00:46:35.215 I don't know the name of the company. 581 00:46:35.855 --> 00:46:37.495 I didn't I didn't look at the data room. 582 00:46:38.015 --> 00:46:53.419 I know nothing about them at all other than they were partially vetted by the co-founder and CTO of another nuclear company that I... 583 00:46:54.229 --> 00:46:58.312 also invested in a while ago and supposedly these guys are legit. 584 00:46:58.352 --> 00:47:11.861 So these small nuclear, the small modular nuclear reactor companies that are private are all trading in like the hundreds of millions of dollars valuation range right now. 585 00:47:12.261 --> 00:47:15.143 There's like half a dozen of them, maybe a few more. 586 00:47:15.745 --> 00:47:26.399 everybody is kind of like in this on the same timeline of like bringing these reactors online between 2028 and 2030 so the thesis here is that nuclear is a thing and that these companies 587 00:47:32.055 --> 00:47:37.158 as they go public, obviously, will be worth some meaningful multiple of these valuations. 588 00:47:37.198 --> 00:47:41.020 So not everyone here is a qualified or accredited investor. 589 00:47:41.340 --> 00:47:44.942 So not everyone watching can actually invest in these companies. 590 00:47:45.242 --> 00:47:55.927 But certainly there are so many secondary marketplaces right now that, you know, if you want to do your own homework, if you want to research this stuff, you know, I do like the sector. 591 00:47:57.048 --> 00:48:02.894 Privately, not necessarily publicly, because these public companies like Oklo, they've spun out of control. 592 00:48:02.994 --> 00:48:04.655 It's too expensive for me. 593 00:48:05.456 --> 00:48:13.344 I like the ARB trade from private to public in nuclear, because I think there's going to be this window where a bunch of these go public. 594 00:48:14.105 --> 00:48:19.630 And I don't know that they'll all be $19 billion, $20 billion like Oklo, wherever it's trading now. 595 00:48:20.502 --> 00:48:29.229 But I feel like the move from hundreds of millions to billions, just because they're public and because this will be like a sector that forms. 596 00:48:30.850 --> 00:48:31.771 Well, a sector that forms. 597 00:48:31.811 --> 00:48:37.536 And we know that there's energy demand that's coming up with the rise of AI and robotics. 598 00:48:37.576 --> 00:48:38.897 So, yes. 599 00:48:39.477 --> 00:48:46.403 So also, as it relates to energy, one of my friends who is really smart, 600 00:48:47.664 --> 00:48:59.654 has had for many, many months, a really aggressive position and thesis on Bloom Energy, which obviously has worked out for him the past few months. 601 00:49:00.035 --> 00:49:02.937 He made me invest, I invested, I'm so happy for it. 602 00:49:03.337 --> 00:49:15.807 But Bloom Energy is kind of one of the other obvious, because I guess in short, the thesis is, and he put his thesis on LinkedIn, I could kind of list it somewhere here, 603 00:49:17.215 --> 00:49:23.878 The thesis is that they could spin up energy for these new for these data centers like quicker than anyone else. 604 00:49:24.318 --> 00:49:26.159 It's like natural gas or something like that. 605 00:49:26.179 --> 00:49:29.000 But they they have some sort of. 606 00:49:30.481 --> 00:49:36.744 Ability to spin up energy quickly for data center use. 607 00:49:36.804 --> 00:49:41.306 So and they just got a new contract this week and the stock blew up again this last week. 608 00:49:41.566 --> 00:49:43.647 They continue to get these data center contracts. 609 00:49:43.667 --> 00:49:46.688 So it's a kind of a controversial company, Bloom Energy. 610 00:49:47.452 --> 00:49:51.635 But I do have a position in them as well. 611 00:49:54.698 --> 00:49:55.258 Anything else? 612 00:49:55.679 --> 00:49:57.020 That's all I got on the energy stuff. 613 00:49:57.120 --> 00:49:59.122 What do you guys think about quantum computers? 614 00:49:59.182 --> 00:50:00.182 So controversial. 615 00:50:00.603 --> 00:50:01.624 I don't even want to think about it. 616 00:50:02.344 --> 00:50:04.066 I have no idea. 617 00:50:04.726 --> 00:50:05.367 I have no idea. 618 00:50:06.568 --> 00:50:07.228 I own one. 619 00:50:09.010 --> 00:50:12.713 But I'm not qualified to speak about it or have an opinion on it that I want to share. 620 00:50:13.293 --> 00:50:15.475 I'm not in any quantum computing world. 621 00:50:17.269 --> 00:50:30.056 I feel like for me to talk about quantum computing as an investment, I would have to spend like at least 50 hours pretending that I know something about it more than just reading some reports, which is what I have done. 622 00:50:30.957 --> 00:50:38.241 I probably spent five or six hours researching it, which is a more confused after that research than I was going into the research. 623 00:50:39.302 --> 00:50:39.622 Jordan. 624 00:50:40.548 --> 00:50:43.310 You probably know more than me and Dave put together on this. 625 00:50:43.511 --> 00:50:46.453 What is your gut view on quantum computing? 626 00:50:46.713 --> 00:50:54.539 There were some breakthroughs this week at Harvard where they were able to now get a quantum computer to run for multiple hours straight. 627 00:50:54.940 --> 00:50:57.942 They think they can run it for six hours, and they think they have... 628 00:50:58.762 --> 00:51:12.932 some technology to where they could theoretically run a quantum computer continuously, which I guess was like one of the biggest challenges for quantum computing, because they usually would only run for a few seconds or something like that. 629 00:51:15.614 --> 00:51:18.676 Yeah, I mean, we're just not we're not at a place where they're 630 00:51:20.484 --> 00:51:40.737 you know, scalable or reliable enough or have the qubit complexity there to do anything outside of laboratories or just kind of these arbitrary, you know... 631 00:51:41.077 --> 00:51:42.798 It's just not time yet, I don't think. 632 00:51:42.858 --> 00:51:43.779 I think we will be there. 633 00:51:44.119 --> 00:51:44.559 I just don't... 634 00:51:44.700 --> 00:51:47.381 I think that timeline's five years, a decade, something like that. 635 00:51:47.441 --> 00:51:49.062 And so I don't have any interest in these... 636 00:51:50.633 --> 00:51:53.857 you know, boom cycles for the stocks. 637 00:51:53.937 --> 00:51:55.438 I just don't think it's real. 638 00:51:56.440 --> 00:51:58.322 I feel like it's speculative. 639 00:51:58.582 --> 00:51:58.862 Yeah. 640 00:51:59.163 --> 00:52:07.732 Not even so much speculating on the underlying technology, which I think most people believe is inevitable at some point. 641 00:52:08.273 --> 00:52:10.416 It's more speculating on... 642 00:52:11.207 --> 00:52:21.858 how investors will treat some of these stocks in the three to seven years it takes to get to a more viable, commercially viable technology. 643 00:52:21.978 --> 00:52:25.762 So will investors continue to support the stocks? 644 00:52:26.373 --> 00:52:39.416 and pump them and hike them or I just think we're like, people want to pump stuff and we're in the, we're in this place in the market right now, it's just so easy to pump something and then ride, you know, that big wave. 645 00:52:39.756 --> 00:52:42.196 And so that's, that's what I see that's happening right now. 646 00:52:43.837 --> 00:52:49.878 Cause I don't see anything that's happening with these companies earnings that justifies any of this. 647 00:52:50.637 --> 00:52:53.460 Yeah, I think that's fair. 648 00:52:53.660 --> 00:52:54.721 I'm generally staying away. 649 00:52:55.081 --> 00:52:55.262 Yeah. 650 00:52:55.362 --> 00:52:57.143 And Tesla continues to drop. 651 00:52:57.364 --> 00:52:58.445 So Tesla's down $15. 652 00:53:00.807 --> 00:53:09.235 I've lost so much money in the last 48 hours on Tesla, yet my account keeps going up. 653 00:53:09.375 --> 00:53:15.461 So I can't imagine how it would be doing if not for Tesla. 654 00:53:15.808 --> 00:53:18.288 Tesla, but I kind of have to be happy about this. 655 00:53:18.308 --> 00:53:19.669 This is kind of what I wanted. 656 00:53:20.089 --> 00:53:26.310 I wanted to I wanted to lose money on my Tesla because I kind of wanted to go deeper into the trade. 657 00:53:28.170 --> 00:53:30.051 So I can't I can't really. 658 00:53:31.151 --> 00:53:34.491 Complain man of I lost a lot, but I can't complain. 659 00:53:34.511 --> 00:53:39.252 So I do want to go deeper into the trade only because of Optimus. 660 00:53:39.532 --> 00:53:43.493 So we'll see where it is that Tesla bottoms out here. 661 00:53:45.319 --> 00:53:46.280 All right, guys. 662 00:53:46.320 --> 00:53:47.142 Want to call it a day? 663 00:53:47.963 --> 00:53:50.686 I think that's it. 664 00:53:50.707 --> 00:53:51.307 That's going to do it. 665 00:53:51.648 --> 00:53:52.229 We're done money. 666 00:53:52.329 --> 00:53:53.050 We'll see you next week.