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General Motors vs Tesla: Who’s the New King? · Earn Your Leisure

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• 1:51
  Speaker 2: As General Motors the new carking, I don't want to
• 1:55
  Speaker 2: get this hot take, but client for the time being. Man,
• 2:02
  Speaker 2: I would have shaved my hair hair off last year
• 2:04
  Speaker 2: if like we would have made it. Bet the GM
• 2:06
  Speaker 2: would be up hided in Tessa right now. And you
• 2:11
  Speaker 2: got in that office and doing the ike turner and
• 2:15
  Speaker 2: here we are, like kudos to GM. Like I mean,
• 2:20
  Speaker 2: I still don't love him as a stock. The all
• 2:23
  Speaker 2: time high was back in ninety nine, which is crazy,
• 2:27
  Speaker 2: but they have rebounded well from twenty seven. They're at
• 2:31
  Speaker 2: forty seven right now, which is amazing for them. I
• 2:35
  Speaker 2: never would have saw the day coming. This is kind
• 2:39
  Speaker 2: of like Tank Davis's opponent when he got caught with
• 2:41
  Speaker 2: their little left houck at the end. I would have
• 2:43
  Speaker 2: never seen him coming. But I think it goes to
• 2:46
  Speaker 2: show kudos and rest in pieces you that when you're
• 2:50
  Speaker 2: focused and if your enemy or opponent takes their eye
• 2:54
  Speaker 2: off the prize, you can take pole position and end
• 2:58
  Speaker 2: up winning. I think at a time when everyone was
• 3:00
  Speaker 2: super excited about EV, we don't hear too much about them.
• 3:06
  Speaker 2: The profit margin is isn't good. It's five point eight percent.
• 3:09
  Speaker 2: Gross margin is eleven percent, but market cap is pretty good.
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  Speaker 2: Fifty four billion. Enterprise value is forty two. Analys have
• 3:16
  Speaker 2: it going to forty nine. Institutional ownership is eighty two percent.
• 3:23
  Speaker 2: Stable business, don't have to worry about the CEO being
• 3:26
  Speaker 2: all in the videos or doing drugs or battling with
• 3:30
  Speaker 2: Apple or advocating for dose coins. So it's been like
• 3:34
  Speaker 2: a flight to safety for their A quarter over quarter
• 3:37
  Speaker 2: revenue is up seven percent. Not a blockbuster business, but
• 3:41
  Speaker 2: right now in the EV space, they're doing a lot
• 3:43
  Speaker 2: better than Tesla is. For sure here in America.
• 3:48
  Speaker 1: Would Tesla be the old king. If this is the
• 3:50
  Speaker 1: new king, Yeah, I'm interested to see. This is a
• 3:55
  Speaker 1: real test. The boy got the fifty nine billion. What
• 3:58
  Speaker 1: are you gonna do now other things?
• 4:00
  Speaker 2: Are you really going to vote more time and energy there?
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  Speaker 2: Or are you going to go to SpaceX starlink which
• 4:06
  Speaker 2: starlink is a mind serve company.
• 4:10
  Speaker 1: I don't know their thoughts.
• 4:12
  Speaker 3: I read on this.
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  Speaker 1: I'm like, Okay, well why because when it and I
• 4:17
  Speaker 1: know we're switching tovis a little bit, but I mean
• 4:18
  Speaker 1: it's all in the automotive space. The initial thought was
• 4:21
  Speaker 1: no way of getting this, they didn't believe in it,
• 4:24
  Speaker 1: and then within a week it was, oh, no, this
• 4:26
  Speaker 1: is going to happen, and we fully support him, and
• 4:30
  Speaker 1: now we want him to focus and keep his focus
• 4:32
  Speaker 1: on the biggest source of his wealth quote not my quote.
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  Speaker 3: Shareholders have always this isn't the first time they've done this,
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  Speaker 3: So I don't know if they if people thought that
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  Speaker 3: the shareholders wasn't going to vote because they historically they've
• 4:46
  Speaker 3: done this before, so.
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  Speaker 2: The stock was up in their favor at the time too.
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  Speaker 3: Yeah, well, I'm just saying they've never not voted against
• 4:54
  Speaker 3: They've never voted against Elon never so it's right in
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  Speaker 3: precedent of what has happened historically, and he won by
• 5:05
  Speaker 3: a majority I think of like eighty percent something like that.
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  Speaker 3: So it wasn't it wasn't a close situation that the
• 5:10
  Speaker 3: board voted right. No, the shareholders the board, the board
• 5:14
  Speaker 3: voted to get the board doesn't want him to get it.
• 5:16
  Speaker 3: That's why I had to go to the shareholders. Once
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  Speaker 3: he went to the shareholders that they voted for him
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  Speaker 3: to actually get.
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  Speaker 1: Well, the issue was when he had the last I
• 5:25
  Speaker 1: think uh conference. I think it was at the Texas site.
• 5:31
  Speaker 1: People were expressing their disappointment with the company, and so
• 5:35
  Speaker 1: again you had a bunch of people speaking out and
• 5:39
  Speaker 1: they wouldn't let him speak, and it became a thing.
• 5:41
  Speaker 1: So it kind of felt like the sentiment was turning
• 5:43
  Speaker 1: negative around him, but obviously not obviously not fifty.
• 5:46
  Speaker 2: I mean, it's kind of hard to tell somebody now
• 5:49
  Speaker 2: when they got satellites and know where you live in
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  Speaker 2: rockets too. You want your job, hey man, Listen, if
• 5:58
  Speaker 2: Tony starts telling me man, I need to vote for
• 6:00
  Speaker 2: the fifty nine, you kind of got to give it
• 6:02
  Speaker 2: to him. So the true test is gonna come down
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  Speaker 2: after he got the fifty nine to zero and then
• 6:09
  Speaker 2: I dropped the lawsuit with open AI.
• 6:11
  Speaker 1: Yeah he did, he did drop the lawsuit, Yes, yes,
• 6:14
  Speaker 1: he said. His quote was that he's a pathological he's
• 6:17
  Speaker 1: a pathological optimist and he only can.
• 6:21
  Speaker 2: Hold fifty nine billion.
• 6:23
  Speaker 3: Me too, right, he said.
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  Speaker 1: I might mess it up along the way, but I
• 6:28
  Speaker 1: always get the job done in the end.
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  Speaker 2: I would pay open AI for paying the suffering if
• 6:32
  Speaker 2: I got my fifty nine billion in testa, Sam, I'm sorry.
• 6:35
  Speaker 2: Let's end up every relationship right now. Go work on
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  Speaker 2: starlink and be done. Go take over after in Australia
• 6:42
  Speaker 2: and Mars cool the dark side of the moon. Hey,
• 6:49
  Speaker 2: all right, y'all, have the a little car play that
• 6:51
  Speaker 2: global internet move that he's gonna make with starlink.
• 6:57
  Speaker 1: Way better.
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