Hey this is tom and welcome to our daily dose of the stock market, which seems to be crazier by the minute. In today's video we got tesla, lucid, rivien and, of course, staples center. Why hold on a second, we have a banger coming out out of la also china is going down in flames a lot to talk about, but, as you know in my videos, i don't hold you hostage. So, besides that, i ask you not to click nothing not to smash nothing, not to buy nothing.

We ain't got no sponsors, no courses, no nothing. The one thing i want to do in this video, like always, is give you the bottom line. First, because you got to do so, not all of you have time to watch the entire video and with that, let's hit the clock 30 seconds on what's going on in the stock market. Let's start with lucid still hella expensive.

Now, let's go to rivien makes lucid, seem cheap, oh my goodness, elon musk sells shares. Stock price goes up how nobody understands, and china is below 5 growth for next year, which is insane and they're doing it to themselves. And, of course, as promised, staple center is gone, crypto.com center a little bit tough on your throat, but i mean with 700 million. It makes it easier to say crypto.com center for the next 20 years.

Let's get into the video and let's start with reviewing so riven, has gone up by 70 in the past week. That's like 10 a day and right now, there's 150 billion valuation, which is pretty much a billion per truck made they're going. Basically, you know to the moon: there's no two ways about it: they're, definitely enjoying the hype and the fear-mongering. That happened because of tesla and a lot of people missed out on tesla.

They won't miss on the next tesla and that's why everybody's piling in into rivien now, to be honest, the company is great. To be honest, the truck is phenomenal. Everybody who understands everything about vehicles says this truck is the next best things and slice put in this. Is insanely good product, insanely, good company, and yet the valuation of the company is just right now, even if you price the company based on the amount of all the pre-orders, they have every single one, even though they only charge about a thousand bucks per pre-order, which Means that not all of them will get fulfilled, but let's assume 100 of their pre-orders actually get delivered, and let's say they do it.

Next year they have 50 000 pre-orders. Let's say they give it out for the next two years. Okay, so let's count this as revenue today, which means extremely going aggressive on the valuation, so 50 000 vehicles today, as if the cash is already sitting in the bank account of the company. That means the company is valued at 216 price to sale, which makes the tesla valuation of 21 seems really cheap.

But don't you forget that all the oems are pretty much at half any hour and a half 0.5 price to sales? So while tesla versus the 0.5 at 20 seems expensive rivian, the 200 is basically breaking some new records. Nobody has ever heard of a valuation like this, especially not in the last week. Oh insane, in fact they make lucid, not seem so expensive. Look lucid is actually valued quite cheap, only 90 billion, which is still more than ford and pretty much as much as gm and they're about to pass gm, i'm sure in the next five hours, or so with the way things are going.

Lucy they're talking about 20 000 vehicles next year and again, i'm not really convinced about what the hell is going on with lucid, haven't heard any buzz and social media anybody talking about this car we're talking about a hundred and seventy thousand dollar sedan. That's not a huge market, but everybody in the company is talking about how they're going to be valued as big as tesla. They got a long ways to go to tesla the one thing i don't like about lucid at this point, even though like the product and like the company in general, and i'm not bearish on lucid by no means, but i'm saying, like the biggest problem with management Beyond the fact that i don't like peter rawlinson, i mean it doesn't sound authentic to me when he speaks for some reason, but that's my personal preference. The one concern i have is the obsession of card management with the share price.

I don't like that. I don't like what companies become too obsessed with the share price and every single interview we hear, including the ones from the past few days, the company and the management is raving about how they're loving, what's going on with the share price. When you have a ceo that actually gives a about the company like elon, he gets concerned when the share price goes up too fast. As you know, elon has been talking a lot about the share price, but not basically enjoying the hype.

Talking about how they're going to get you know slammed and smashed like a shuffle. Remember that, like a souffle, if they don't meet the demand, he's talking about it from a whole different perspective about how the valuation you know the company is too expensive. Remember when tweeted that rollinson and team is basically just you know, enjoying basking in this valuation, which i think shows me that they're more obsessed about the hype not really about the car but then again might be wrong. But in case of lucid is the same thing as rivien.

They got a lot of proving to do, although with rivian, i feel way more confident with the fact that the truck is already tested and proven by some smart people. The amazon backing a hundred thousand pre-orders from amazon that are probably in the bank and already fifty thousand orders, which is, i think, more than the seventeen thousand. That lucid has so with rivian with the 200 valuation 200 price to sales. I somehow feel more comfortable with the compared to the lucid valuation which is cheaper, but i guess that's just me, my opinion might be inaccurate might be wrong, might be ramblings of amendment.

You know this now, let's talk about elon what this dude did now. This is pretty incredible: the dude sold 970 million dollars worth of tesla stock and as a consequence, as you would expect, with anything that elon does. The share price went up by five percent again how mother lover? How is this even possible? Now? I think we've gone through the phase, you know the industrial revolution and then whatever happened afterwards and now we're in the inland revolution everything this man touches goes up. I mean he gets a new dog.

A new coin comes out. He gets a new dog, it gets a new name, the name of the dog. The coin goes up, i mean he sells stock. The shares price goes up, i mean at this point i mean, let's just get an elon strategy, everything that elin says good or bad sends it up quite simple.

Now, on the more serious side of things, here's what really pissed me off during the past 24 hours. Mainstream media: all of these reporters are basically added again more articles about how elon is not selling, because he needs to pay his tax bill he's selling because he wants to get rid of tesla they're. Promoting this michael berry narrative, even though michael berry actually admitted the defeat already, and yet his minions in the mainstream media keep pushing this narrative. So there was an article that came out and basically they were talking about well: elon sold a stock to pay for the tax that he exercised and the option blah blah blah, but he sold five billion of existing stock, not exercise options, and that has no tax Purpose, whatever exposed he's selling because he wants to get rid of it, and this is literally ridiculous because ila just tweeted about this, letting everybody know hey, i just sold five billion with the lower tax base, just because i'm paying way higher taxes.

Just so you know i'm not trying to evade taxes, so elon comes out with it tells everybody he's selling a bunch of stock unrelated to option exercises and tax optimization, and now it's all of a sudden. It's somehow a story, so the dude is the richest guy. In the world on paper, he literally has no money of his own. Is cash poor stock rich? So it takes 5 billion mind you we're talking about the richest guy in the world 5 billion out, so you can live like a like a billionaire.

You know what i mean a little bit and now, all of a sudden, it's a story on mainstream media, on how elon is cashing out five billion dollars out of tesla stock for inland is a parking ticket chill now. Let's talk about china and what's going on in china, so china is on the rampage to completely destroy its economy. The new forecast for next year came out and the growth for next year is supposed to be sub 5. That is pretty much 90 90 levels, the lowest level of growth they had since 1990 in 30, freaking years and what's funny about it, is that they're doing it to themselves jiji thing whatever the his name is, is doing it to himself he's basically killing the economy.

In the name of these principles he's trying to promote, i think this guy is convinced, he's a new wow and i think, he's going to drive the economy into the ground. They have a real problem there, not even talking about the demographic problem, not talking about the energy crisis. The real estate market in china is pretty much one quarter of their economy, which is something just unthinkable and in typical communist manner. Instead of solving this and actually going to reform, that's going to make the economy healthier, they're, dragging everything through the mud, basically destroying everybody in their path and for the final story of the day, the staples center, the home of the lakers, the kings and the clippers Is actually no longer the staple center? Well, it isn't from christmas.

The christmas gift for the owners of the staples center is 700 million dollars, and the happy owner of the new naming rights is krypto.com. So from now on, you have to say the crypto.com center. That's a little bit of a tough one to swallow crypto.com center, but 700 million would make it much smoother to say for the owners, so i'm sure they're, fine with it. As always.

I hope you enjoyed this little quick video and got a little bit of information out of it. Some laughs and you just generally had fun as always: don't click nothing, don't smash nothing and a huge shout out to our channel members and patrons for basically paying for nothing. I mean there's nothing there, but they only do this to support the channel. Thank you.

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