Latest / The Paul Barron Crypto Show / Could D.O.G.E. Dividend Save Tesla?🔥DISASTER!🔥w/ Ross Gerber

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Could D.O.G.E. Dividend Save Tesla?🔥DISASTER!🔥w/ Ross Gerber · The Paul Barron Crypto Show

• 0:05
  Speaker 1: The markets are heated up right now with Tesla news,
• 0:08
  Speaker 1: everybody's asking the status of Elon, what he should do today.
• 0:11
  Speaker 1: We're going to dive into that and give you guys
• 0:13
  Speaker 1: some insights. My name is Paul Bara, Welcome back in
• 0:16
  Speaker 1: the tech path. Let's just kick it off real quick.
• 0:18
  Speaker 1: I want to frame this up and then we're going
• 0:20
  Speaker 1: to bring on our guest ros Gerber to talk about
• 0:23
  Speaker 1: where Elon could be going. But this is a recap
• 0:26
  Speaker 1: of what's happening right now on social media, primarily TikTok.
• 0:29
  Speaker 2: Take a look breaking news.
• 0:31
  Speaker 3: Tesla's around the nation are currently being targeted and vandalized.
• 0:38
  Speaker 4: The site went live on March eighteenth with an interactive
• 0:41
  Speaker 4: map of the United States that displays the names, home addresses,
• 0:43
  Speaker 4: email addresses, and phone numbers of Tesla customers.
• 0:48
  Speaker 3: Has removed Tesla as a participant in this week's event.
• 0:51
  Speaker 2: We will stop giving incentives to buy Tesla. I've never
• 0:55
  Speaker 2: done anything off of I only done productive things.
• 0:59
  Speaker 3: Glossy.
• 1:00
  Speaker 2: It's fine, no way.
• 1:02
  Speaker 5: But three figures.
• 1:04
  Speaker 3: We really should well these bumpers on, but that takes
• 1:08
  Speaker 3: time equipment, so we use super super glue instead.
• 1:14
  Speaker 5: Trying to compete. Why do you laugh?
• 1:16
  Speaker 2: Have you seen their car? Look how cute it is.
• 1:22
  Speaker 2: It's like fifteen thousand dollars.
• 1:31
  Speaker 3: And it just popped up pretty recently and you can
• 1:33
  Speaker 3: see it's absolutely massive.
• 1:35
  Speaker 4: BYD this week unveil the fast charging system that can
• 1:39
  Speaker 4: recharge a vehicle in five minutes. Oh chares in BYD
• 1:49
  Speaker 4: are up by around half so far this year, and
• 1:52
  Speaker 4: Tesla are down by almost the same amount.
• 1:54
  Speaker 2: Tesla stock keeps crashing.
• 1:55
  Speaker 5: Am I finally buying the stock?
• 1:57
  Speaker 1: They're expecting two million vehicle deliveries in twenty twenty five.
• 2:00
  Speaker 2: Therefore, I'm not buying the stock many.
• 2:09
  Speaker 1: But the main thing is I wanted you guys to
• 2:11
  Speaker 1: see a full rundown of what has been happening to
• 2:14
  Speaker 1: the Tesla brand. So joining me is Ross Gerber, who's
• 2:16
  Speaker 1: the co founder, president and CEO of Gerber Kawasaki Wealth
• 2:20
  Speaker 1: and Investment. Great to see you, Ross, How are you?
• 2:22
  Speaker 5: Yeah, Thanks for having me.
• 2:24
  Speaker 1: Let's get into it. Ross, We've got to talk about
• 2:26
  Speaker 1: brand damage potentially here for Tesla. Give me your frame.
• 2:30
  Speaker 1: You've seen the clips. I'm sure you've been watching what's
• 2:32
  Speaker 1: going on with social It is an absolute nightmare right now.
• 2:37
  Speaker 1: Talk to me about how this impacts the brand.
• 2:39
  Speaker 3: You know, I haven't seen those clips because I actually
• 2:42
  Speaker 3: don't use social media for this exact reason.
• 2:45
  Speaker 5: Good for you, social media. You know.
• 2:47
  Speaker 3: It's just this like one two punch of negative marketing
• 2:51
  Speaker 3: and actually creating fear in Tesla owners that their cars
• 2:54
  Speaker 3: are going to be agnalized, including myself, to be honest,
• 2:57
  Speaker 3: and I drive a cyber truck and I love the
• 2:59
  Speaker 3: view and I love Tesla, and I can't believe that
• 3:02
  Speaker 3: they've let this happen.
• 3:03
  Speaker 5: To the brand.
• 3:04
  Speaker 1: And to that point, this is a good example of it.
• 3:07
  Speaker 1: Tesla could face another challenge. This is major insurance companies
• 3:11
  Speaker 1: now save Co, Liberty, Mutual, Geico reportingly that they're classifying
• 3:16
  Speaker 1: the cyber truck as ineligible for coverage. So that of
• 3:19
  Speaker 1: course affects cyber truck sales immediately if you're you know,
• 3:23
  Speaker 1: in that kind of scenario. Now, I know Tesla has
• 3:25
  Speaker 1: their own insurance company in certain states, but how big
• 3:29
  Speaker 1: of a hit do you think that would take on
• 3:32
  Speaker 1: Tesla if we did see an industry wide ban on
• 3:35
  Speaker 1: some of these vehicles.
• 3:37
  Speaker 3: Well, that's an extreme thing, you know, to see them
• 3:40
  Speaker 3: ban the cyber truck.
• 3:41
  Speaker 5: I don't know why. I mean, the cyber truck drives great,
• 3:43
  Speaker 5: it's a safe vehicle. You know. I actually did.
• 3:47
  Speaker 3: Dent my cyber truck and had to take it in
• 3:49
  Speaker 3: and have panels replaced, and it was no problem.
• 3:52
  Speaker 5: You know.
• 3:53
  Speaker 3: Once again, there's this like massive hate coming towards a
• 3:57
  Speaker 3: company that makes great vehicles that are electric, that have
• 4:01
  Speaker 3: like kind of changed the whole world of passenger vehicles
• 4:05
  Speaker 3: to the electric side. And yet there's like this extrapolation
• 4:10
  Speaker 3: out that Tesla is Elon, and Elon is Tesla. So
• 4:12
  Speaker 3: if we attack this great company somehow, we're getting back
• 4:16
  Speaker 3: an Elon, And that's just silly. You're hurting people who
• 4:20
  Speaker 3: care about the environment, you know. And so what we
• 4:23
  Speaker 3: really need to do is assess the blame where it
• 4:26
  Speaker 3: needs to be blamed, and that's on Elon for his
• 4:29
  Speaker 3: behavior and a board of directors that refuses to hold
• 4:32
  Speaker 3: him accountable to anything. And then the fact that he
• 4:35
  Speaker 3: doesn't even work there on top of it. So you know,
• 4:38
  Speaker 3: he does some all hands meeting last night because he
• 4:41
  Speaker 3: probably saw that I'm saying that he doesn't work at
• 4:44
  Speaker 3: Tesla anymore, so he makes this public meeting, you know, like,
• 4:47
  Speaker 3: ah see, I work at Tesla. I zoom in for
• 4:50
  Speaker 3: some public meeting online. I mean, that's not working at
• 4:53
  Speaker 3: your company and solving the very difficult problems that Tesla
• 4:56
  Speaker 3: needs to solve with full self driving.
• 4:58
  Speaker 5: For example, I.
• 4:59
  Speaker 1: Want to play that clip because this is the all
• 5:02
  Speaker 1: hands speech that you're referencing, and for our audience, this
• 5:06
  Speaker 1: will give you a framework of what happened.
• 5:08
  Speaker 6: Take a look the stock market is is it's a
• 5:11
  Speaker 6: very strange thing. Tesla stock goes up and it goes down.
• 5:15
  Speaker 2: I don't know.
• 5:15
  Speaker 6: I guess it's just very emotional, you know, so so overall,
• 5:21
  Speaker 6: you know it's good. If you read the news, it
• 5:24
  Speaker 6: feels like, you know, imageddon. I can't walk past the
• 5:26
  Speaker 6: TV without seeing a Tesla on fire, Like what's going on?
• 5:30
  Speaker 2: But you don't have to burn it down?
• 5:32
  Speaker 6: That's a bet unreasonable, you know, like.
• 5:37
  Speaker 2: Like this is psycho still being psycho. Okay.
• 5:43
  Speaker 6: You know you want to critique yourself, you want to
• 5:44
  Speaker 6: internalize responsibility, and these are all things I need to
• 5:48
  Speaker 6: remind myself of internalized responsibility.
• 5:52
  Speaker 2: Feel us wrong? And if you wouldn't really want to.
• 5:57
  Speaker 6: Watch a show where things are a great and stake,
• 6:00
  Speaker 6: I'm like, oh, it's boring. You want to watch a
• 6:02
  Speaker 6: show where there's like where things go up and they
• 6:04
  Speaker 6: go down, they go back up again, and you know,
• 6:06
  Speaker 6: you know exactly what's going to happen next. So we're
• 6:08
  Speaker 6: just going to keep the ratings up so we don't
• 6:10
  Speaker 6: get canceled. The future of Tesla is incredibly bright. The
• 6:18
  Speaker 6: Optimists will be the biggest product of old time by far.
• 6:23
  Speaker 2: I think it'll be ten times.
• 6:24
  Speaker 6: Bigger than the next biggest product ever made.
• 6:29
  Speaker 2: You say, will the robot take your job? Or what? Yeah?
• 6:33
  Speaker 6: Like, is a robot gonna come and steal your job?
• 6:36
  Speaker 6: A reasonable question. I think that's probably the best future.
• 6:39
  Speaker 6: I can't I what other future would you want? I
• 6:41
  Speaker 6: think that's like the cool future and also space travel,
• 6:44
  Speaker 6: not forget.
• 6:44
  Speaker 1: That all right, some very interesting statements I think by
• 6:48
  Speaker 1: Elon your opinion right now? Should Elon leave Tesla, leave
• 6:53
  Speaker 1: Doge or just get out of both?
• 6:56
  Speaker 5: Would? What would you coach?
• 6:58
  Speaker 3: Von?
• 6:58
  Speaker 5: Well?
• 6:59
  Speaker 3: If I had my choice, I'd love to see Elon
• 7:01
  Speaker 3: come back to Tesla and work full time at the
• 7:03
  Speaker 3: company and solve the problems that Tesla needs to solve. Certainly,
• 7:06
  Speaker 3: if Elon puts his mind to things, he can accomplish
• 7:09
  Speaker 3: tremendous things. And he's putting his mind into solving the
• 7:12
  Speaker 3: governmental problems of the United States, which I think is
• 7:15
  Speaker 3: a worthwhile cause. So I don't want to put poo that.
• 7:19
  Speaker 3: But I'm a shareholder of Tesla. I represent shareholders of Tesla,
• 7:23
  Speaker 3: and so the best solution for Tesla would him to stop,
• 7:27
  Speaker 3: you know, obviously saying pro nazi and right wing rhetoric
• 7:32
  Speaker 3: and as well as you know, getting back to work
• 7:35
  Speaker 3: at the company. Because when Tesla did the best was
• 7:37
  Speaker 3: when Elon slept at the factory.
• 7:39
  Speaker 5: So why don't we just start there, you know.
• 7:41
  Speaker 1: If he were to come back to Tesla, the potential
• 7:45
  Speaker 1: there right now, because obviously we're going to talk about
• 7:47
  Speaker 1: byd here in a second. There's a lot of competition globally,
• 7:50
  Speaker 1: especially in China, that's right of where this can go.
• 7:53
  Speaker 1: And granted here in the United States. If he were
• 7:56
  Speaker 1: to do it, if he were to say, step away
• 7:58
  Speaker 1: from DOJE and actually come back as the CEO and
• 8:01
  Speaker 1: operational CEO of Tesla, do you think all things would
• 8:03
  Speaker 1: stop or do you think it would still continue.
• 8:06
  Speaker 3: He's not going to do that, So we could hypothetically
• 8:10
  Speaker 3: discuss will he stop tweeting right wing rhetoric at the
• 8:14
  Speaker 3: German government. No, I don't think he is, and so
• 8:16
  Speaker 3: it doesn't solve the problem from an optics perspective, But
• 8:21
  Speaker 3: trying to launch a robocab that doesn't work is a
• 8:23
  Speaker 3: bigger problem in my mind, you know.
• 8:26
  Speaker 5: So I don't know which problem is bigger.
• 8:27
  Speaker 3: You know, not being able to sell cars or having
• 8:30
  Speaker 3: a robotaxi that doesn't work. But we've got both problems,
• 8:33
  Speaker 3: and certainly whoever is running Tesla has to deal with this,
• 8:38
  Speaker 3: you know. It's certainly Elon doesn't look that stressed about it.
• 8:42
  Speaker 3: He kind of thinks it's funny, I guess, you know,
• 8:44
  Speaker 3: like a jo that there's thousands of people at Tesla
• 8:48
  Speaker 3: who literally are fearful to go to work, and he
• 8:52
  Speaker 3: thinks this is just funny or some inconvenience, And that's
• 8:56
  Speaker 3: what I'm saying. He literally says, like, oh, internalizing responsibility,
• 8:59
  Speaker 3: and he kind of looked set himself and then he
• 9:01
  Speaker 3: kind of laughs. You can see his thought process just
• 9:03
  Speaker 3: in that clip where he disassociates himself from the responsibility
• 9:08
  Speaker 3: for his own actions that caused this problem, and then
• 9:12
  Speaker 3: he blames the liberals or the rich liberals, or the
• 9:16
  Speaker 3: Jews or whoever he wants to blame for like everybody
• 9:21
  Speaker 3: who's attacking Teslas, but liberals drive Teslas, so it's like
• 9:24
  Speaker 3: liberals attacking other liberals, you know, And that's the craziest
• 9:28
  Speaker 3: thing about this whole situation.
• 9:30
  Speaker 1: Well, let's talk about some of the impacts, because obviously
• 9:33
  Speaker 1: the stock price is down, the potential of sales is
• 9:36
  Speaker 1: going to get hit. We've seen this script before. If
• 9:39
  Speaker 1: you look at you know, my pillow. This is a
• 9:41
  Speaker 1: perfect example of someone who kind of took on establishment,
• 9:44
  Speaker 1: took some political positions, harmed his company. Now he's got
• 9:48
  Speaker 1: fraud claims, all sorts of things that are driving a
• 9:52
  Speaker 1: lot of pressure on revenues, and of course this is
• 9:54
  Speaker 1: going to continue to go in that direction. You also
• 9:57
  Speaker 1: look at the potential EV tax credit. This why must
• 10:00
  Speaker 1: support Trump getting rid of the EV tax credit. He's
• 10:03
  Speaker 1: got a lot of long term effect that this is
• 10:06
  Speaker 1: good for Tesla long term, there will be short term pain.
• 10:09
  Speaker 5: Do you agree with that? If EV tax.
• 10:11
  Speaker 1: Credits went away right now, how much of an impact
• 10:14
  Speaker 1: would that be on Tesla?
• 10:15
  Speaker 5: Massive? It would be a massive impact.
• 10:17
  Speaker 3: I mean, Tesla's already discounting cars left and right to
• 10:20
  Speaker 3: get them out the door, and so you can buy
• 10:23
  Speaker 3: like the old version of the model Why which is
• 10:25
  Speaker 3: still for sale for like thirty four thousand dollars new
• 10:28
  Speaker 3: that used to be a fifty to sixty thousand dollars
• 10:30
  Speaker 3: car just a few years ago. And the new model
• 10:33
  Speaker 3: Why Wish they're launching, you know, for around sixty thousand dollars.
• 10:36
  Speaker 3: And I caution owners, if you buy this car for
• 10:39
  Speaker 3: sixty thousand dollars is going to be worth forty thousand
• 10:41
  Speaker 3: dollars in a year, so be prepared for rapid depreciation
• 10:45
  Speaker 3: of value. And I highly recommend people lease their car
• 10:49
  Speaker 3: and locking the resale price today versus trusting that the
• 10:54
  Speaker 3: value isn't going to drop precipitously, because almost every Tesla
• 10:58
  Speaker 3: owner today is underwater on their cars. And that's the
• 11:00
  Speaker 3: number one reason why they're not selling them is they
• 11:02
  Speaker 3: simply can't. But I talked to a friend after friend after
• 11:06
  Speaker 3: friend who've sold their Tesla and they've bought all the competitors,
• 11:10
  Speaker 3: and the competitor cars which you just brought up, which
• 11:12
  Speaker 3: I know you want to talk about UID, but that's
• 11:14
  Speaker 3: not just the only one. The European competitors are quite
• 11:17
  Speaker 3: good now with BMW and Mercedes on the Reshire. You
• 11:20
  Speaker 3: got it, Yeah, Chinese love the new EV's coming from
• 11:24
  Speaker 3: Chinese ev makers. So it used to be like Tesla
• 11:28
  Speaker 3: was like Apple, where everybody's like, oh, I want to
• 11:30
  Speaker 3: have a Tesla and I want to have an iPhone.
• 11:31
  Speaker 3: And now in China everybody doesn't care about Apple, and
• 11:34
  Speaker 3: they don't care about Tesla anymore.
• 11:35
  Speaker 5: They like Shaomi.
• 11:37
  Speaker 1: I want to just stay on the Elon for a second,
• 11:39
  Speaker 1: and I want to talk about government. The Department of
• 11:41
  Speaker 1: Government Efficiency does There's been some theory and Elon and
• 11:45
  Speaker 1: I think even Trump has mentioned that that potentially these
• 11:49
  Speaker 1: savings could convert to some sort of dividend that would
• 11:52
  Speaker 1: come back to Americans. All right, now, I love you
• 11:55
  Speaker 1: your immediate statement and candord there, but if that did happen,
• 11:59
  Speaker 1: do you think that would alleviate the pressure on Elon
• 12:03
  Speaker 1: and Tesla? If he said, Okay, we're going to just
• 12:05
  Speaker 1: do a dividend.
• 12:06
  Speaker 3: If you pay it Americans, If you pay Americans the
• 12:10
  Speaker 3: money that supposedly we're saving. Sending every American a check
• 12:14
  Speaker 3: signed by Elon Musk and Donald Trump creates inflation, and
• 12:18
  Speaker 3: it's exactly opposite of what Dodge is supposed to be doing,
• 12:21
  Speaker 3: which is cutting spending. So there's meaningful cuts to the
• 12:24
  Speaker 3: deficit and the debt of the United States of America.
• 12:28
  Speaker 3: We all can agree that the debts of the United
• 12:31
  Speaker 3: States of America are massive and need to be addressed,
• 12:34
  Speaker 3: and two trillion dollars a year deficits have to be addressed.
• 12:37
  Speaker 3: So where does this money come from to send everybody
• 12:41
  Speaker 3: a dividend check? It comes from the supposed savings of Dodge. Well,
• 12:45
  Speaker 3: then we didn't save any money, and we didn't save
• 12:47
  Speaker 3: any money at all, and then we just cause inflation.
• 12:49
  Speaker 3: It's literally the dumbest idea I've heard to think that
• 12:52
  Speaker 3: they're going to buy off Americans to like this idea.
• 12:55
  Speaker 5: It's just not going to work.
• 12:57
  Speaker 1: Well, it's happened before.
• 12:58
  Speaker 5: We've seen that. Yeah, those checks before, and what happened
• 13:01
  Speaker 5: we had inflation.
• 13:02
  Speaker 1: We saw inflation rampid. Markets go to all time highs. Yes,
• 13:06
  Speaker 1: we've seen that before. Let's talk about holdings.
• 13:08
  Speaker 5: You guys are, and then they get crushed when the
• 13:11
  Speaker 5: Fed raises rates.
• 13:12
  Speaker 1: Yes, exactly, yeah, exactly, which is where we are right now.
• 13:16
  Speaker 1: But again, if you're playing the market on that upswing,
• 13:18
  Speaker 1: then of course you're a lot better off.
• 13:20
  Speaker 5: You guys are.
• 13:20
  Speaker 1: Holding quite a bit here obviously in video got Tesla
• 13:23
  Speaker 1: in that position, as well as Apple, a handful of others, Netflix,
• 13:26
  Speaker 1: et cetera. Is there why not get rid of Taesla
• 13:29
  Speaker 1: right right now?
• 13:30
  Speaker 2: Then?
• 13:30
  Speaker 3: With all this pressure, Well, we sell Tesla every quarter
• 13:35
  Speaker 3: for clients. But you know, we have about eight to
• 13:38
  Speaker 3: ten thousand clients at GUK. We're growing extremely rapidly right now,
• 13:42
  Speaker 3: and many of our clients and fans are Tesla shareholders
• 13:45
  Speaker 3: and have been Tesla shareholders for.
• 13:47
  Speaker 5: A long time.
• 13:47
  Speaker 3: And we've made one hundred times our money on Tesla,
• 13:50
  Speaker 3: so it's a record trait. So imagine you have a
• 13:53
  Speaker 3: position that's worth one hundred million, but your cost basis
• 13:56
  Speaker 3: is worth you know, like a couple million. Right, So
• 13:59
  Speaker 3: every time we felt Tesla, we pay taxes. And we
• 14:01
  Speaker 3: have a core group of clients that still very much
• 14:04
  Speaker 3: believe in Tesla and have you know, some of them
• 14:07
  Speaker 3: millions of dollars in the position. And we've worked hard
• 14:10
  Speaker 3: to help limit downside for them and create hedges. And
• 14:14
  Speaker 3: you know, I personally own the stock too. Still, you know,
• 14:18
  Speaker 3: it's hard to poo pooh what the upside is for
• 14:21
  Speaker 3: Tesla if they're refocused. That's why I'm saying all the
• 14:24
  Speaker 3: things I'm saying is because we own the stock. You know,
• 14:27
  Speaker 3: if I didn't own the stock, I wouldn't care. But
• 14:29
  Speaker 3: I care because I care about my clients. Okay, this
• 14:32
  Speaker 3: is about my clients and my family and me. We
• 14:35
  Speaker 3: own Tesla.
• 14:36
  Speaker 5: There's thousands of our clients that own Tesla and want
• 14:39
  Speaker 5: to see it succeed.
• 14:40
  Speaker 3: But when they call me up saying what is Elon doing?
• 14:43
  Speaker 3: He's now blaming civil servants for the Holocaust, or he's
• 14:48
  Speaker 3: you know, doing this, and I go, stop watching this.
• 14:51
  Speaker 3: We drive great cars that are great for the environment.
• 14:54
  Speaker 3: I just survived a climate disaster.
• 14:56
  Speaker 5: You know. I'm actually filming here from the Palisades.
• 14:59
  Speaker 3: I'm the only resident of the Palisades at this point
• 15:02
  Speaker 3: who's been able to move back to my house. I
• 15:04
  Speaker 3: literally live with like National Guard down the street right
• 15:08
  Speaker 3: here actually, And so for me, climate change is my mission.
• 15:12
  Speaker 3: It's been my mission since I started with Tesla over
• 15:14
  Speaker 3: a decade ago. We now have electric vehicles all over
• 15:18
  Speaker 3: the place from every car manufacturer. Tesla has been hugely
• 15:21
  Speaker 3: successful in its core mission, and I want to keep
• 15:24
  Speaker 3: it on. That's mission, and it's way bigger and it's
• 15:26
  Speaker 3: way more important than Elon Musk. I am sorry, who
• 15:29
  Speaker 3: gives a shit about Elon? Who cares? Who cares? It's
• 15:33
  Speaker 3: about what's best for Earth and building safer cars and
• 15:37
  Speaker 3: saving people's lives and building vehicles that will make a
• 15:42
  Speaker 3: huge impact on the use of carbon emissions.
• 15:44
  Speaker 5: Which is exactly what's happening.
• 15:47
  Speaker 3: We can't give up now in the fact he's working
• 15:49
  Speaker 3: with Trump, who's working against all of these goals. Taking
• 15:53
  Speaker 3: away the EV tax credit is hugely detrimental to test.
• 15:58
  Speaker 3: What is he talking about? You know, you think about
• 16:02
  Speaker 3: that just logically for five seconds. Oh, I'm going to
• 16:05
  Speaker 3: take add twenty percent to the cost of a Tesla.
• 16:08
  Speaker 3: That shouldn't hurt us at all. I'm like, no, it's
• 16:10
  Speaker 3: going to destroy you. So I don't want to see
• 16:13
  Speaker 3: Tesla get destroyed. I don't want the stock going down
• 16:16
  Speaker 3: any further. And the only way that's going to happen
• 16:18
  Speaker 3: is if somebody comes in there and shows that this
• 16:21
  Speaker 3: company is under control and that it separates itself from
• 16:24
  Speaker 3: the negative vibes that he keeps sending everybody's way.
• 16:28
  Speaker 1: If you look at the things that would have to
• 16:31
  Speaker 1: happen to pull Tesla out of this slump right now,
• 16:35
  Speaker 1: what you see in a forecast, because this seems to
• 16:37
  Speaker 1: be getting worse and worse in the market, both by
• 16:40
  Speaker 1: people who own Tesla's and people who of course are
• 16:44
  Speaker 1: on the other side of Elon right now and are
• 16:46
  Speaker 1: protesting this.
• 16:47
  Speaker 2: What do you think.
• 16:47
  Speaker 3: I think it's getting worse and worse, and I don't
• 16:49
  Speaker 3: think these people are going away.
• 16:51
  Speaker 5: At some point, something's going to break.
• 16:53
  Speaker 3: So I broke this week and said it's time for
• 16:54
  Speaker 3: Elon to put somebody else in charge of Tesla, to
• 16:57
  Speaker 3: do a massive marketing campaign, you know, on television about
• 17:01
  Speaker 3: Tesla and how great of a brand and what it
• 17:03
  Speaker 3: does for the environment, and for him to publicly, you know,
• 17:07
  Speaker 3: sort of say hey, look, I'm still working at Tesla.
• 17:10
  Speaker 3: I'm not not working anymore, but my role is going
• 17:13
  Speaker 3: to be different now because I work at the government,
• 17:15
  Speaker 3: and I don't want what I do with the government
• 17:17
  Speaker 3: to affect Tesla. So I'm selflessly going to step aside
• 17:22
  Speaker 3: so that what's best for the environment in Tesla won't
• 17:26
  Speaker 3: be marred up with what I want to do, which
• 17:29
  Speaker 3: is worked with Trump, which is fine, but spare us
• 17:32
  Speaker 3: this nonsense that I you know, people driving their Tesla's
• 17:37
  Speaker 3: are literally like fearful not just a vandalism, but like
• 17:42
  Speaker 3: the perception that they support this guy. You know, once again,
• 17:45
  Speaker 3: you can go up in front of a lot of
• 17:47
  Speaker 3: people who you pay money to work for you and
• 17:48
  Speaker 3: make jokes about this whole situation, but we're all living
• 17:51
  Speaker 3: in it.
• 17:52
  Speaker 5: They're living in it, and it's not a joke.
• 17:54
  Speaker 3: And we don't get to fly off in our golfstream
• 17:56
  Speaker 3: back to Washington to go putter around the White House
• 17:59
  Speaker 3: and pretend like I'm cutting costs by firing a bunch
• 18:02
  Speaker 3: of old people. So the whole optics of the whole situation,
• 18:05
  Speaker 3: I mean, can you think of any business situation like
• 18:08
  Speaker 3: this in history?
• 18:10
  Speaker 1: I've never seen one.
• 18:10
  Speaker 5: No, never seen one.
• 18:12
  Speaker 1: And this is the concern I have right now is
• 18:14
  Speaker 1: I don't know that even if Elon were to step away,
• 18:16
  Speaker 1: that the damage may have been done permanently, yeah this brand,
• 18:20
  Speaker 1: or at least yeah, or at least in the near term.
• 18:23
  Speaker 1: You know, sure everybody forgets over years, But can Tesla
• 18:26
  Speaker 1: hold on when you have the Chinese charging so hard,
• 18:30
  Speaker 1: the Germans charging so hard to come into this market.
• 18:33
  Speaker 1: When it comes to EV's last, well to talking.
• 18:36
  Speaker 3: About the two elements that make this so potentially disruptive
• 18:40
  Speaker 3: for the stock is you have real competition and you
• 18:42
  Speaker 3: have real brand damage, and assessing whether that damage is
• 18:46
  Speaker 3: actually recoverable is really hard to assess. I still, at
• 18:50
  Speaker 3: heart believe that Tesla could recover because people forget pretty
• 18:54
  Speaker 3: quickly if the person goes away.
• 18:56
  Speaker 5: But the person isn't going away, you know. I mean,
• 18:59
  Speaker 5: I can think this up into Lulu Lemons.
• 19:01
  Speaker 3: He most people don't realize that the fact Mary Lemon
• 19:04
  Speaker 3: was a racist or something like that and said derogatory
• 19:07
  Speaker 3: things and Lulu's like a total lefty brand, right, and
• 19:11
  Speaker 3: and the company was hurt and the guy disappeared. I
• 19:13
  Speaker 3: don't even know his name, you know what I'm saying,
• 19:15
  Speaker 3: And nobody thinks about that. And I would argue you
• 19:18
  Speaker 3: could say the same thing about Volkswagen was you know,
• 19:22
  Speaker 3: Hitler's car company, And you know, Ford was a Nazi,
• 19:26
  Speaker 3: And I don't think people driving Fords realized that Henry
• 19:28
  Speaker 3: Ford was a total freaking Nazi, like all out.
• 19:32
  Speaker 5: He made Elon look like a shy not you know
• 19:35
  Speaker 5: what I mean, just look it up.
• 19:37
  Speaker 1: Well, I think the last point I'll make here on
• 19:39
  Speaker 1: Elon is that he's not going away, And even if
• 19:41
  Speaker 1: if he were to step away from Tesla. My concern
• 19:44
  Speaker 1: is that the brand damage may not be recoverable because
• 19:46
  Speaker 1: he is in such a political public eye that could
• 19:50
  Speaker 1: be forgotten. Yeah, so that's the challenge I think that
• 19:53
  Speaker 1: the industry is definitely going to face. Hey, listen, I
• 19:55
  Speaker 1: know you got to go, but I always love having
• 19:57
  Speaker 1: you come in and give us some insights on Tesla.
• 19:59
  Speaker 5: We appreciate. Thanks so much. Yeah, let's hope for the best,
• 20:01
  Speaker 5: you know, let's hope for the best.
• 20:03
  Speaker 1: Yes, for sure. All right, you guys, make sure if
• 20:06
  Speaker 1: you're not in the Diamond circle, get in on that
• 20:08
  Speaker 1: right now. It's a great place to get additional content
• 20:09
  Speaker 1: from us. Also, get in on the Telegram group because
• 20:12
  Speaker 1: that's where I'm actually communicating and talking with you guys
• 20:16
  Speaker 1: every day. So jump in there. We leave a link
• 20:18
  Speaker 1: down below. By the way, don't watch or think that
• 20:21
  Speaker 1: there's other telegram groups. We only have one when I
• 20:23
  Speaker 1: have an investing group, none of that. It's one Telegram
• 20:26
  Speaker 1: group specific that you guys can join, and of course
• 20:29
  Speaker 1: catch me out there on x at Paul Baron. We'll
• 20:31
  Speaker 1: catch you next time right here on tech Path.
• 20:34
  Speaker 5: Thanks