WEBVTT - Cliff Notes: Will Tesla's Stock Plummet to $50 per Share?

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J.

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<v Speaker 2>Trump's leadership.

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<v Speaker 1>I'm Christy nom the United States Secretary of Homeland Security.

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<v Speaker 1>Under President Trump, attempted illegal border crossings are at the

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<v Speaker 1>lowest levels ever recorded, and over one hundred thousand illegal

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<v Speaker 1>aliens have been arrested. If you are here illegally, your

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<v Speaker 1>next you will be fined nearly one thousand dollars a day, imprisoned,

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<v Speaker 1>and deported.

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<v Speaker 2>You will never return.

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<v Speaker 1>But if you register using our CBP home app and

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<v Speaker 1>leave now, you could be allowed to return legally.

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<v Speaker 2>Do what's right. Leave now.

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<v Speaker 1>Under President Trump, America's laws, border and families will be protected.

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<v Speaker 3>Sponsored by the United States Department of Homeland Security.

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<v Speaker 4>Let's talk about Tesla, So let's do it. Yeah, so

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<v Speaker 4>he's obviously extremely bullish, but everybody's not bullish on Tesla.

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<v Speaker 4>Famed analyst is expecting a steep decline in Tesla stock.

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<v Speaker 4>According to his estimate, Tesla stock could potentially go down

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<v Speaker 4>to fifty dollars per share. So wow, that's interesting. So

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<v Speaker 4>let's let's have a whole, full fledged conversation about Tesla,

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<v Speaker 4>shall we.

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<v Speaker 5>Yes, Marlon, I appreciate you.

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<v Speaker 6>Tesla is one of our favorite companies and one of

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<v Speaker 6>the reasons I don't talk about it is like one

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<v Speaker 6>of our our star picks in stock Club, but I

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<v Speaker 6>do love it. The strength is it is a combination

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<v Speaker 6>of tech and energy combined to one that uses the

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<v Speaker 6>veneer of automotive to innovate.

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<v Speaker 5>I do love the company. I talked about this in Toronto.

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<v Speaker 6>The only major concern if I'm looking at the splatter

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<v Speaker 6>analysis of Tesla is the weaknesses are lack of Elon's focus.

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<v Speaker 5>I think that acquisition of Twitter wasn't the best it was.

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<v Speaker 6>Bought it for forty four billion, but it's probably worth

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<v Speaker 6>twenty four to fourteen billion. He has as many kids

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<v Speaker 6>as Nick Canada, so it's extracurricular activity is a pretty

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<v Speaker 6>dead UI. But I need the company to focus more.

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<v Speaker 6>Like if I look at the metrics of the business,

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<v Speaker 6>the profit margin is fifteen percent, gross margin is twenty

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<v Speaker 6>five point six percent. Return on equity is twenty one percent.

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<v Speaker 6>For all the fanfare that they have and all the

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<v Speaker 6>brand equity that they have, their margins are not big enough.

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<v Speaker 6>Like if you look at in Video, which we talk

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<v Speaker 6>about later, gross margins are fifty seven percent, and that

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<v Speaker 6>new trip came out, it was about to put some

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<v Speaker 6>pressure on the market. But I think in the EV

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<v Speaker 6>space they are hands down the leader Daniel had asked me,

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<v Speaker 6>is there anybody else that I would invest in the

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<v Speaker 6>EV space? And hands down, I think the only player

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<v Speaker 6>in EV is Tesla. So great company, market cap, amazing,

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<v Speaker 6>revenue ninety five billion, The site truck looks amazing. I

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<v Speaker 6>like what they're doing there. They're finally going to roll

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<v Speaker 6>it out and they also have put in a place

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<v Speaker 6>of policy where you cannot immediately sell it withinside of

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<v Speaker 6>a year, so there's some sustainability in that model. I

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<v Speaker 6>like what they're doing, Like I have a one year

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<v Speaker 6>target for them at like four hundred and ten bucks.

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<v Speaker 6>I don't think it will go down to fifty bucks,

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<v Speaker 6>Like that's too far. I can see it going down

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<v Speaker 6>to eighty four. Worst case scenario seventy nine dollars and

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<v Speaker 6>twenty three cent but to go to fifty impossible, like

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<v Speaker 6>almost if it does. I would easily park six figures

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<v Speaker 6>there if it went down to fifty. But it's less

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<v Speaker 6>than a one percent chance it will ever go that low.

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<v Speaker 6>But the company needs to focus, needs better leadership, needs

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<v Speaker 6>to roll out products a lot faster, and they have

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<v Speaker 6>to work on those profit margins. I kept saying last

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<v Speaker 6>year and earlier this year, you cannot be a luxury

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<v Speaker 6>company and then drop price to scale does not matter.

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<v Speaker 6>We work tried to do the same thing and they collapsed.

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<v Speaker 6>And with inflation going up, I think Toyota has a

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<v Speaker 6>car that's coming out. It's like one hundred and ten

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<v Speaker 6>grand an suv that looks like the Rose Royce. Yeah,

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<v Speaker 6>everyone is going to have to move into a higher

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<v Speaker 6>price market and higher price services a model to be

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<v Speaker 6>able to sustain. Like if interest rates are going to

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<v Speaker 6>continue to be this high, you can't sell base some

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<v Speaker 6>price because not only are you going to lose market

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<v Speaker 6>share it's the worst way to compete in business, but

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<v Speaker 6>also too, you won't be able to have any money

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<v Speaker 6>to redevelop or invest into the business to make the

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<v Speaker 6>business and products better.

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<v Speaker 5>So I hope they.

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<v Speaker 6>Find their way the stock has came down a lot

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<v Speaker 6>over the last year and a half.

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<v Speaker 5>With fifty bucks, is damn the impossible for them to

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<v Speaker 5>go to.

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<v Speaker 7>Yeah, fifty is pretty pretty drastic, But I mean you

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<v Speaker 7>made a lot of good points for a barecase, right,

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<v Speaker 7>Like when we talk about interest rates getting longer over

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<v Speaker 7>a time period, that affects the car sales, but even

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<v Speaker 7>interest I looked it up, man, The consumer interest has

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<v Speaker 7>declined for the past six straight quarters.

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<v Speaker 5>They were once the number one ranked shop luxury brand.

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<v Speaker 7>They have fallen back, particularly the model ass has fallen

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<v Speaker 7>back ten percent, and shopping consideration, which is something that

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<v Speaker 7>you have to take into to considertion when you're thinking

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<v Speaker 7>about what product that you're putting out.

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<v Speaker 5>They've also had production decline, right.

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<v Speaker 7>We saw over the past quarter, and we talked about

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<v Speaker 7>that pretty extensively about when you're pricing and tried to

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<v Speaker 7>get more vehicles bought. But they've spent a lot of

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<v Speaker 7>time on this cyber truck, and the cyber truck isn't here.

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<v Speaker 7>In fact, did you talk about you can't buy They

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<v Speaker 7>actually put a new rule in with the cyber truck

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<v Speaker 7>that there's a fine if you try to sell it

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<v Speaker 7>a year after purchase, so that that's unprecedented. Right like

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<v Speaker 7>after you buy it, if you try to sell it

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<v Speaker 7>within twelve months, there is a fifty thousand dollars fine

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<v Speaker 7>for selling it, which is interesting, smart, pretty smart, but competition.

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<v Speaker 7>I know that by far the leader in the EV space,

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<v Speaker 7>definitely here in America, but the base that they have

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<v Speaker 7>are fine, and to have greater margin, it's China, and

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<v Speaker 7>evs are being built and companies that are being created

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<v Speaker 7>and flourishing.

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<v Speaker 5>You're talking about having.

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<v Speaker 7>Four models or a company like BYD has thirty models, right,

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<v Speaker 7>and so if you're talking about little prices and more

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<v Speaker 7>models to choose from, there's competition in that space. Again,

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<v Speaker 7>they are by far the leader in the space, but

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<v Speaker 7>competition is there, and so there's a bare case to

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<v Speaker 7>be spoken of. Fifty dollars is completely drastic, but if

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<v Speaker 7>we do see a pullback, because I want to look

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<v Speaker 7>at Tesla and I think about it, Yes, it's more

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<v Speaker 7>than the EV companies. A tech company obviously disguise is one.

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<v Speaker 7>But we know how interest rates have effected tech companies,

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<v Speaker 7>and there is talks of recession. In twenty twenty four,

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<v Speaker 7>I was I was hearing some one hundred percent chances

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<v Speaker 7>over the weekend. These things have to be taken into

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<v Speaker 7>consideration when we're touching out the future outlook. I always

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<v Speaker 7>Tesla has always been something that's been volatile, you know,

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<v Speaker 7>over the pandemics for sure, and so to drop egially,

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<v Speaker 7>when I saw the question, I thought, a dropping fifty dollars,

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<v Speaker 7>I'm like, that's not bad.

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<v Speaker 5>We've seen it have those type of moves.

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<v Speaker 7>But to go down to fifty dollars a year, I

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<v Speaker 7>think it's a bit much, A bit much.

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<v Speaker 6>Who would beat the number one competitor right now? I

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<v Speaker 6>don't see anybody being like, man, I want the Rivene

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<v Speaker 6>bad as hell.

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<v Speaker 7>I was just good you just I was thinking Rivian.

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<v Speaker 7>You're seeing them a lot more. They're starting to turn

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<v Speaker 7>profit with I don't see the demand.

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<v Speaker 5>We're seeing production more.

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<v Speaker 4>I think the number one competitor is not necessarily one

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<v Speaker 4>company's every company. You see Mercedes gonna come out with

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<v Speaker 4>the electric g Wagon. I feel like every coach has

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<v Speaker 4>every I think I think the competition doesn't come from

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<v Speaker 4>one particular company I cut. I think it comes from

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<v Speaker 4>every single company getting into the EV space, where now

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<v Speaker 4>Tesla has. It's kind of like, you know, the go

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<v Speaker 4>to when you think they'd be like band aid. Like

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<v Speaker 4>when you think of electric car, you think of Tesla,

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<v Speaker 4>but soon the dangerous part is when you think of

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<v Speaker 4>electric car, you think of every single car. Yeah, and

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<v Speaker 4>as eventually as what is going to happen, I don't

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<v Speaker 4>know how long it'll take.

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<v Speaker 7>But this episode is brought to you by P and

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<v Speaker 1>Legal alien from Guatemala charged with raping a child in Massachusetts.

0:10:04.720 --> 0:10:08.080
<v Speaker 1>An MS thirteen gang member from Al Salvador accused of

0:10:08.200 --> 0:10:12.200
<v Speaker 1>murdering a Texas. Man of Venezuelan charged with filming and

0:10:12.320 --> 0:10:16.120
<v Speaker 1>selling child pornography in Michigan. These are just some of

0:10:16.200 --> 0:10:19.880
<v Speaker 1>the heinous migrant criminals caught because of President Donald J.

0:10:19.960 --> 0:10:22.400
<v Speaker 2>Trump's leadership. I'm Christy nom the.

0:10:22.400 --> 0:10:27.000
<v Speaker 1>United States Secretary of Homeland Security. Under President Trump, attempted

0:10:27.040 --> 0:10:30.760
<v Speaker 1>illegal border crossings are at the lowest levels ever recorded,

0:10:31.080 --> 0:10:34.120
<v Speaker 1>and over one hundred thousand illegal aliens have been arrested.

0:10:34.400 --> 0:10:37.960
<v Speaker 1>If you are here illegally, your next you will be

0:10:38.000 --> 0:10:41.880
<v Speaker 1>fined nearly one thousand dollars a day, imprisoned, and deported.

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<v Speaker 2>You will never return.

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<v Speaker 1>But if you register using our CBP home app and

0:10:46.960 --> 0:10:49.840
<v Speaker 1>leave now, you could be allowed to return legally.

0:10:50.200 --> 0:10:52.440
<v Speaker 2>Do what's right. Leave now.

0:10:52.760 --> 0:10:57.120
<v Speaker 1>Under President Trump, America's laws, border and families will.

0:10:56.920 --> 0:10:59.720
<v Speaker 3>Be protected sponsored by the United States Department of Homeland Security.

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<v Speaker 4>Actually, every car will be an electric car at some

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<v Speaker 4>point in time in the future, right, so that I

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<v Speaker 4>think long term is the biggest competitor to Tesla's dominance

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<v Speaker 4>when every single car is the same.

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<v Speaker 5>Now, what advantages Tesla have? What's up? Great?

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<v Speaker 7>You?

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<v Speaker 6>I keep saying they needed to cook, they need they

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<v Speaker 6>have great leadership there, but they need a operator who

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<v Speaker 6>is solely focused on the business. I brought this up

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<v Speaker 6>in Toronto, Like, what do we know about Satia from

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<v Speaker 6>Microsoft other than the works of Microsoft.

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<v Speaker 7>You know, you spoke about Focus, and over the past week,

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<v Speaker 7>Starlink has been everywhere in the news. Do you think

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<v Speaker 7>because of the attention that is going there. I mean,

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<v Speaker 7>you're talking about two different companies that are world changing

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<v Speaker 7>When you speak about Focus, are you talking about that?

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<v Speaker 7>Like there there is another thing that he's working on

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<v Speaker 7>that would be a monster I mean by hisself. I

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<v Speaker 7>think they said it could ipal by twenty twenty seven

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<v Speaker 7>from older reports. I was reading you're talking about multi

0:11:59.720 --> 0:12:03.559
<v Speaker 7>billion dollar evaluation. Yeah, maybe that's what the focus should

0:12:03.559 --> 0:12:04.600
<v Speaker 7>be or is that where it's going.

0:12:06.000 --> 0:12:09.160
<v Speaker 6>I think Starlin could on the publicly traded side, will

0:12:09.200 --> 0:12:14.079
<v Speaker 6>probably perform better than Tessa. It's something that's needed. They

0:12:14.120 --> 0:12:16.200
<v Speaker 6>have a competitive advantage. I don't see anyone in the

0:12:16.240 --> 0:12:18.760
<v Speaker 6>space coming close to But he's going to have to

0:12:18.840 --> 0:12:20.960
<v Speaker 6>hunker down and focus on something. I don't think he'll

0:12:21.040 --> 0:12:24.000
<v Speaker 6>leave that CEO role of Tessa. But Starlink looks like

0:12:24.160 --> 0:12:27.760
<v Speaker 6>the Star for sure. It looks like Lebron in two

0:12:27.760 --> 0:12:30.679
<v Speaker 6>thousand and three. It's like, you know this is coming.

0:12:31.080 --> 0:12:33.800
<v Speaker 6>We got to figure out how to put Dwan Wagner

0:12:33.840 --> 0:12:38.240
<v Speaker 6>whoever was playing for Cleveland after the pasture, Darius Miles

0:12:38.240 --> 0:12:40.880
<v Speaker 6>and somebody like Starlink has to be the focus. I

0:12:40.920 --> 0:12:44.080
<v Speaker 6>know he has a lot on his plate, but at

0:12:44.120 --> 0:12:45.840
<v Speaker 6>some point you have to hunker that I'll find way

0:12:45.880 --> 0:12:48.199
<v Speaker 6>to blend those companies into one, for.

0:12:48.160 --> 0:12:51.160
<v Speaker 7>Sure, because if I'm hearing what Shatty's saying, it's like, yeah,

0:12:51.200 --> 0:12:53.080
<v Speaker 7>it's just some truth to that, right. And we saw

0:12:53.160 --> 0:12:55.960
<v Speaker 7>states making mandates New York, we know twenty thirty five,

0:12:56.000 --> 0:12:59.240
<v Speaker 7>California twenty thirty five. Everybody has to have zero emissions.

0:12:59.240 --> 0:13:01.840
<v Speaker 7>And so if everybody's in the space, what separates me.

0:13:02.320 --> 0:13:05.320
<v Speaker 7>Is it creating something different inside of Tesla or is

0:13:05.360 --> 0:13:10.079
<v Speaker 7>it creating an entire new branch of my business? And more,

0:13:10.360 --> 0:13:15.440
<v Speaker 7>I mean, Starlink is that generational talent that can change.

0:13:15.240 --> 0:13:17.520
<v Speaker 5>Things, and the product has to get better for Tesla

0:13:17.520 --> 0:13:17.840
<v Speaker 5>as well.

0:13:17.880 --> 0:13:19.960
<v Speaker 6>Like the people that I know who bought in twenty

0:13:20.040 --> 0:13:23.560
<v Speaker 6>twenty one, whenever sending me like, hey, I'm underwater in

0:13:23.559 --> 0:13:26.080
<v Speaker 6>the car because they dropped the price, I'm like, it's

0:13:26.120 --> 0:13:26.800
<v Speaker 6>not a good feeling.

0:13:27.080 --> 0:13:28.120
<v Speaker 5>It's not a good feeling.

0:13:28.440 --> 0:13:31.800
<v Speaker 6>But we've all, you know, ran a business and at

0:13:31.800 --> 0:13:33.680
<v Speaker 6>some point taking our eyes off of something.

0:13:33.679 --> 0:13:35.160
<v Speaker 5>But I feel like this is going on for too

0:13:35.200 --> 0:13:36.160
<v Speaker 5>long with him.

0:13:36.200 --> 0:13:38.800
<v Speaker 6>I mean, the stock at one point was that almost

0:13:38.840 --> 0:13:41.800
<v Speaker 6>thirteen hundred bucks now being the two hundred dollars range.

0:13:43.640 --> 0:13:45.440
<v Speaker 5>Insane. Yeah, splits included.

0:13:45.480 --> 0:13:47.160
<v Speaker 7>Everybody's been like, oh, wait, well they split.

0:13:47.480 --> 0:13:50.200
<v Speaker 5>Yes, yes, of course they split twice. But they split twice.

0:13:50.320 --> 0:13:52.800
<v Speaker 7>We've seen and we talked about episode before they split.

0:13:52.840 --> 0:13:53.960
<v Speaker 5>When Bezos was in charge.

0:13:54.000 --> 0:13:56.320
<v Speaker 7>It never split right to a point where you saw

0:13:56.679 --> 0:13:59.680
<v Speaker 7>two shares splits in matter of three years.

0:14:00.080 --> 0:14:04.760
<v Speaker 4>Yeah, what's the business model Tesla do.

0:14:04.800 --> 0:14:06.800
<v Speaker 5>They need to follow or the one they use it now?

0:14:07.080 --> 0:14:07.960
<v Speaker 5>The one they use it now?

0:14:09.240 --> 0:14:11.920
<v Speaker 6>Well, they're selling batteries. The thing that I love on

0:14:12.000 --> 0:14:14.280
<v Speaker 6>the car side though, is like they sell direct to consumer,

0:14:14.960 --> 0:14:16.400
<v Speaker 6>so they're way ahead of.

0:14:18.440 --> 0:14:18.960
<v Speaker 5>All of their.

0:14:18.880 --> 0:14:22.560
<v Speaker 6>Peers, and I think there was a certain cache that

0:14:22.640 --> 0:14:26.120
<v Speaker 6>came with owning the particularly like the models, but I

0:14:26.160 --> 0:14:28.120
<v Speaker 6>do like the business model. The thing the only thing

0:14:28.120 --> 0:14:30.400
<v Speaker 6>I hate in their model is the margins. They have

0:14:30.480 --> 0:14:32.520
<v Speaker 6>to find a way to get margins up, Like you

0:14:32.560 --> 0:14:37.560
<v Speaker 6>cannot have your operating margin B eleven percent in your

0:14:37.600 --> 0:14:40.240
<v Speaker 6>profit margin B fifteen percent. Yes, that's good for a

0:14:40.680 --> 0:14:46.160
<v Speaker 6>car company, terrible for energy and terrible for a tech company, terrible.

0:14:46.200 --> 0:14:48.080
<v Speaker 6>I know the cost to hire for those unit comments.

0:14:48.120 --> 0:14:49.360
<v Speaker 6>I know that it's.

0:14:49.840 --> 0:14:54.000
<v Speaker 5>Hardware, I know fabrication production. I get it.

0:14:54.240 --> 0:14:55.600
<v Speaker 6>But they have to find a way to at least

0:14:55.640 --> 0:14:58.200
<v Speaker 6>not that that margin up to like twenty one to

0:14:57.720 --> 0:15:00.680
<v Speaker 6>three to like keep their competitor is at Bay.

0:15:00.480 --> 0:15:02.560
<v Speaker 5>Which stay done a great job. Four can't catch up.

0:15:02.640 --> 0:15:04.680
<v Speaker 5>GM is foundering.

0:15:04.760 --> 0:15:08.320
<v Speaker 6>The best Mercedes with eqs and a g Wagon will

0:15:08.360 --> 0:15:11.320
<v Speaker 6>have some impact. Rose Royce now has a Specter will

0:15:11.360 --> 0:15:14.760
<v Speaker 6>have some impact. But you have to get those margins up,

0:15:15.280 --> 0:15:16.920
<v Speaker 6>especially if we're going to go into recession.

0:15:17.160 --> 0:15:20.000
<v Speaker 7>It is one of those places inside of the chardin stations.

0:15:20.400 --> 0:15:23.840
<v Speaker 7>We saw the partnership with GM. We've seen it right.

0:15:23.880 --> 0:15:25.960
<v Speaker 7>So if we can't, it's a good way. If we're

0:15:26.000 --> 0:15:28.640
<v Speaker 7>gonna create competition, and we know that everybody's coming to

0:15:28.680 --> 0:15:31.840
<v Speaker 7>the space, well let's control other factors or other areas

0:15:31.840 --> 0:15:34.880
<v Speaker 7>of the space, i e. Charged stations, i e. Create

0:15:34.960 --> 0:15:37.320
<v Speaker 7>batteries for these companies and so that they'll always become

0:15:37.320 --> 0:15:39.720
<v Speaker 7>a customer. They always be relying on some part of

0:15:39.720 --> 0:15:42.600
<v Speaker 7>our business to make sure that we always have higher revenue, which.

0:15:42.400 --> 0:15:44.640
<v Speaker 6>Is like the B to B version of Apple's app store,

0:15:44.760 --> 0:15:47.560
<v Speaker 6>which is brilliant. You just need more players in that

0:15:47.640 --> 0:15:50.680
<v Speaker 6>space and more partnerships like That's why, especially in recession,

0:15:51.000 --> 0:15:54.520
<v Speaker 6>we touched on this lightly before we started. It's much

0:15:54.560 --> 0:15:57.360
<v Speaker 6>better to have collaborative partners than to go to war.

0:15:57.920 --> 0:16:00.200
<v Speaker 6>War is really expensive on us.

0:16:00.240 --> 0:16:02.920
<v Speaker 5>You make the arms. You are in the rown business.

0:16:03.160 --> 0:16:04.800
<v Speaker 5>I know, hit him him up made it a little

0:16:04.800 --> 0:16:05.240
<v Speaker 5>bit of money.

0:16:05.240 --> 0:16:07.320
<v Speaker 6>I don't know any rapper this like thrives off of

0:16:07.880 --> 0:16:08.840
<v Speaker 6>beefit and dissing.

0:16:09.240 --> 0:16:10.880
<v Speaker 5>It costs too much money to do so.

0:16:10.880 --> 0:16:14.200
<v Speaker 6>So I think it's brilliant that they have those partnerships

0:16:14.240 --> 0:16:16.160
<v Speaker 6>in place for the charging stations.

0:16:16.200 --> 0:16:18.000
<v Speaker 5>I think they should be more aggressive there.

0:16:18.680 --> 0:16:21.280
<v Speaker 6>But I think that leadership team really needs to figure

0:16:21.320 --> 0:16:23.640
<v Speaker 6>out a way how to bump up that margin by

0:16:23.680 --> 0:16:26.320
<v Speaker 6>seven to eight percent, because if I don't want to

0:16:26.320 --> 0:16:28.000
<v Speaker 6>talk about it too much, but when so we were

0:16:28.040 --> 0:16:30.000
<v Speaker 6>at dinner and Daniel was like, Hey, did you know

0:16:30.160 --> 0:16:33.680
<v Speaker 6>in Canada the mortgages renew every five years.

0:16:35.160 --> 0:16:36.040
<v Speaker 5>I'm like, what the hell you mean?

0:16:36.120 --> 0:16:37.880
<v Speaker 6>He was like, yeah, Like you don't have a thirty

0:16:37.920 --> 0:16:43.440
<v Speaker 6>year three percent rate every five years They'redjust for those

0:16:43.480 --> 0:16:47.000
<v Speaker 6>of you who don't know, forty one percent of Royal

0:16:47.000 --> 0:16:50.000
<v Speaker 6>Bank of Canada's mortgages are set to reset in the

0:16:50.080 --> 0:16:53.560
<v Speaker 6>August of twenty twenty four. Now's not the time to

0:16:53.600 --> 0:16:57.880
<v Speaker 6>have then margins. They could go through what we went

0:16:57.880 --> 0:16:59.880
<v Speaker 6>through in a bit short era of two thousand and eight.

0:17:02.520 --> 0:17:05.040
<v Speaker 6>Now's not the time to have nine percent or twelve

0:17:05.080 --> 0:17:07.600
<v Speaker 6>percent margins in your business because you may have to

0:17:07.640 --> 0:17:10.760
<v Speaker 6>have two years where two years of revenue will have

0:17:10.840 --> 0:17:12.679
<v Speaker 6>to last you four and a half to make it

0:17:12.720 --> 0:17:13.399
<v Speaker 6>out of the store.

0:17:15.640 --> 0:17:17.880
<v Speaker 5>Hunker down. What do I know? What's your long term

0:17:17.920 --> 0:17:22.359
<v Speaker 5>projection for Tesla four fifty. I'm not leaving Tesla. If

0:17:22.400 --> 0:17:24.760
<v Speaker 5>Eli's that we got a shot. We got to shoot

0:17:24.760 --> 0:17:27.960
<v Speaker 5>a shot. He's a generation of talent and he succeeded

0:17:27.960 --> 0:17:29.119
<v Speaker 5>at every level.

0:17:29.760 --> 0:17:32.000
<v Speaker 4>Until you're still it's still bullesh on Tesla.

0:17:32.119 --> 0:17:33.639
<v Speaker 5>Hell yeah, it hasn't left stock club.

0:17:34.119 --> 0:17:36.840
<v Speaker 6>If it goes to fifty easy, hundred grands, boll, I

0:17:36.880 --> 0:17:38.880
<v Speaker 6>would be like I was in Girl Collection at one time.

0:17:40.720 --> 0:17:43.840
<v Speaker 6>Go ahead, shot to the ballerinas, get all this real

0:17:43.920 --> 0:17:46.280
<v Speaker 6>quick on Tesla. If it goes to fifty, oh baby,

0:17:46.840 --> 0:17:51.520
<v Speaker 6>please Jamie Diamond. Michael Burry shorted down in.

0:17:51.520 --> 0:17:53.960
<v Speaker 7>Fifty for me, please dah. If it goes to fifty.

0:17:54.000 --> 0:17:56.560
<v Speaker 7>What does the automotive market look like for the rest

0:17:56.560 --> 0:17:58.840
<v Speaker 7>of companies? What does the economy look like?

0:18:00.800 --> 0:18:04.760
<v Speaker 5>Right? And think about it. That's terrible. Yes, it's judgment

0:18:04.840 --> 0:18:07.600
<v Speaker 5>day and the machines they hear absolutely.

0:18:07.760 --> 0:18:11.399
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:18:11.440 --> 0:18:15.240
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:18:15.480 --> 0:18:19.600
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:18:19.680 --> 0:18:23.560
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:18:23.680 --> 0:18:27.440
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:18:27.440 --> 0:18:27.879
<v Speaker 1>Donald J.

0:18:27.960 --> 0:18:30.359
<v Speaker 2>Trump's leadership. I'm Christy Noman, the.

0:18:30.440 --> 0:18:35.040
<v Speaker 1>United States Secretary of Homeland Security. Under President Trump, attempted

0:18:35.080 --> 0:18:38.760
<v Speaker 1>illegal border crossings are at the lowest levels ever recorded,

0:18:39.080 --> 0:18:42.120
<v Speaker 1>and over one hundred thousand illegal aliens have been arrested.

0:18:42.400 --> 0:18:45.960
<v Speaker 1>If you are here illegally, your next you will be

0:18:46.000 --> 0:18:49.879
<v Speaker 1>fine nearly one thousand dollars a day, imprisoned and deported.

0:18:50.359 --> 0:18:51.520
<v Speaker 2>You will never return.

0:18:51.840 --> 0:18:54.879
<v Speaker 1>But if you register using our CBP home app and

0:18:54.960 --> 0:18:57.840
<v Speaker 1>leave now, you could be allowed to return legally.

0:18:58.200 --> 0:19:00.440
<v Speaker 2>Do what's right. Leave now.

0:19:00.760 --> 0:19:05.560
<v Speaker 1>Under President Trump, America's laws, border and families will be protected.

0:19:05.680 --> 0:19:07.800
<v Speaker 3>Sponsored by the United States Department of Homeland Security,