Hey this is tom. Welcome to another video. If this is your first time here well, we don't sell nothing. There's no courses, there's no sponsorships, don't click! Nothing! Don't smash, nothing! Just listening up, because we just share information here.

So there's a few things i want to discuss today. First of all, we have some massive news coming out out of tesla and for change. Those are not bad news whenever you say massive news. It sounds so horrible like i'm about to this topic, but i'm not sawyer merit a guy who's, always right always about tesla and always ahead of everybody else.

I don't know how he does it shout out to sawyer posted a very lengthy post about what happened in the latest all hands meeting that elon called just yesterday, and a lot of golden nuggets came out. A lot of important news came out about berlin about deliveries about the new tesla model 2, which is not going to be called by the way. That's one of the headlines of the meeting a lot of good news. Let's talk about in a second also the job numbers came out and they were disappointing and when they say disappointing i mean god awful.

It's one of those times when you order a piece of steak in the restaurant and you get something: that's not even chewable. It's just like a rubber block like a blob, that's pretty much what the the jump numbers delivered, really bad and also really indicative of inflation. So it seems that if you read just the latest job numbers, it screams speculation is coming folks really scary. I actually sent it down a little bit down, but wait it's just a jobs number, it's not the end of the world, but i'll explain why it's not a good indication and we already keep hearing the government kind of making excuses.

Why it's not about to happen as fast as everybody thought i mean, i told you about this month ago. The delta variant is just the beginning: reopening isn't going to be a walk in the park. It's going to be a very lengthy process and, honestly, i feel like we're going to be have to dealing with covet for a long time. Much like we deal with the flu.

I don't think it's ever going away the way people kind of imagine that one day it's just gon na go away, but wait there's more news. China is actually decreeing war on algorithms. Yes, i did make this up. China is declaring war on suggestion, algorithms, pretty much.

What drives every single tech company in the world? Yep? They don't like it! That's the new world that we're living in where china just declares war on a concept, and yes, this is serious. On the more practical note, they're actually declared that they're about to nationalize, dd or at least take over control of dd, because it's failing and now they have to rescue it. But i find it amusing because the people who made it crash is pretty much that same chinese government exactly the same thing. The communists in russia have been doing for years is happening in china, but somehow those news about government potential nationalization of deity set the stock price up by 10.

What are people doing? I honestly don't have a clue and if you think that said about china, wait, there's more alibaba just announced that they're donating 15 and a half billion into some charity in china, where they promote the society, whatever it doesn't really sound. Like a donation to me, it sounds like there was a lot of armed twisting there. I mean like the idea. Why not love the idea of companies actually giving back and not just you know, dividing the profits between themselves and paying rich bonuses and whatnot love the concept again.

Really don't like the idea of making a company donate, i don't know it doesn't really sound. Well. Also. We do have other news: actually, reddit is going public and they're so hungry and thirsty that they've literally took their valuation from 10 billion to 15 billion within the course of a week and a half or a month or whatever we're gon na check it out.

The second, it seems that even companies going public right now basically are admitting that fundamentals have nothing to do with the way. Ipos are priced and they're just pricing, whatever people can pay so essentially the ipos have now become the greater full theory, at least for reddit and the few recent ones we've saw. This is a crazy number 15 billion for reddit. Although i love the platform, don't like the valuation but hey, let's talk about in this video there's a lot to cover stay with me.

Let's get this thing done and now i want you to look at the screen and i want to go over the tweets that have all that information about the tesla all hands, meeting courtesy of sir merritt. So here he says. Well, i was told by a few sources: this is an all hands meeting by elon blah blah blah check this out. Gigafactory berlin october approval around the corner next month.

Tesla is going to spell tesla one giga factory austin roof for planes landing on the airport, nearby free advertisement for thousands and thousands of people per day for free, i mean helen - is a genius. I like that idea a lot, even though it sounds stupid. I mean it's a really good idea. Ellen said, tesla is considering model 2, not having steering wheel and pedals and just roll the dice on fsd.

Well, if that's the case, i can't see it coming out anytime in the next two years. There's no way in hell. We're gon na have full autonomous without a steering wheel before the end of 2027. Probably that's the earliest.

When we can even dream of expecting anything like this, i think he's either trolling or he's just being a fantasizer or a dreamer, a visionary. Whatever you want to say, um or i mean there might be all wrong. I mean in 2012, who would have thought that electric vehicles would take over the world like tesla is doing right now. Maybe it's just weird to me to think that this would ever be an option even in a full autonomous vehicle.

As a customer, you would want a steering wheel in case. You do want to drive yourself, i mean, i don't think it's going to work. I think it's just a nice gimmick. He just said it because he knew he's going to get tweeted he's just trolling.

I don't buy that tesla won't call the 25k model the model 2.. Obviously i think elon has been on record saying that he hates this name and open charging network very soon, starting maybe next month using tesla app. This is going to be huge for tesla a lot of free money and free advertisement imagine rolling up in some big european car into a tesla charging station, and you see all these freaking teslas. I mean a win-win and you're, essentially incentivizing the producers of these other vehicles not to build their own because they can use yours ceos don't like to spend money on capex.

That's all i got ta say about it: elon is expecting to grow by a factor of 10, at least well, that's typical for illa to say some crazy ass. Like this, i don't know, i mean i i'll even take less a factor of 10 would be cool. Ellen is maybe going to mars in about 10 years alone, not really important, robovan in the future to address people with disability. That's actually a pretty good idea.

If you combine the other stuff they're doing with the tesla boat and neurolink, that might happen. That might happen. That's a good idea. The call just ended well uh he's saying i want to retract the part of the cyber track statement.

The cyber track isn't delayed. The cyber track just had more definitive timeline. I love how they say. It's like it's not delayed.

It's a more definitive timeline. Uh with a small delay. Hey come on bro, it's like saying we're improving positions to the back, no you're, retreating, that's! It is what it is, but it's okay to delay as long as you're waiting for a good product tesla started weeks ago that ct prod had been moved to 2022 ellen confirmed. That makes sense, i mean who cares 2023 would be a good time for the cyber track if it's actually finished, who wants to have pay product before just so, they can say they met the deadline.

I dig that now alibaba, that's what i told you earlier pledges. 15.5 billion to beijing's common prosperity drive. Look at this alibaba pledges to invest the equivalent of 15.5 billion over five years towards beijing. Common prosperity drive, i mean uh.

I think they actually did this to 10 cent and now to alibaba uh yeah alibaba's investment follows a 7.7 billion pledge from 10 cent. Obviously, this is just the beginning for the alibaba's in the 10 cents. This is just the beginning of the gauntlet it is. It is a reddit, reportedly looking to hire advisers for ipo at 15 billion now check this out.

This is the crazy part because they went here. One source told reuters that reddit hopes to go public at about 15 billion valuation. The company announced last month that it had begun, raising serious, f funding up to 700 million and a 10 billion value. Now, basically, they just had a 10 billion valuation not too far ago.

Just a month ago, all of a sudden they added 5 billion to a 10 billion valuation. That sounds to me like they're, just trying to take advantage of a hot market and that's okay. And now this the latest target of china's tech regulation, blitz, algorithms, china's increasingly powerful cyber security regulator last friday, released sweeping draft rules for allegating use of so-called recommendation algorithms. So basically, the same deck that created every single chinese company you can imagine like alibaba, is now being banned.

Again, that's just another bad decision. If you're just looking at it from economics from a business perspective, why would they do such a harmful thing? Well, i explained to this before they don't have really logical financial business motives here, it's a whole different thing, and this is getting crazy right now. A pallet here is up insanely 26.64 right now, after hours 26.67 keeps going up. This is just a crazy ride.

Last month, valenti already did almost 19 and a half percent. This stock is slowly starting to basically catch up with how good it is. The jobs report just came out and it's disappointing 235 000 positions versus expected, seven hundred and twenty thousand. This is the equivalent of a not a good result.

At all now check this out. Unemployment rate fell to five point two percent, which means not as many people on unemployment, but here this legion hospitality, nothing new, which means no real reopening, but wages rose 4.3 year-over-year clip, which means wages, are coming up. No real reopening indicators firing and it's not looking good right now. It looks very stagflationary but hey, maybe i'm wrong, because everything i say in this video is just my opinion, which means it might be.

Accurate might be wrong, might be the ramblings of a madman. You have to do your innocence for yourself and find out if it's actually your opinion to believe me or not. I don't give a in any case, i'm just here to entertain you but entertain you. I will dd jumps nearly ten percent this week and with a report of chinese government taking it over check this out, shares of dd posted and your double digit gains double digit folks.

Why, amid reports that beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake through government foreign funds, so the people who ruined dd are now bailing it out by taking over an investor, thinks that that's actually good news. I mean who are these people who ran it up? A double digit? Well, it seems like china is not stopping. If you had any fantasies about, china is basically saying well we're going to chillax. That's enough, we did the crazy part.

Let's just let things lie down. They're not about to do it, it seems not anytime soon. It seems that declaring war on concepts, uh, policing, thoughts, it comes to mind as a next move. I don't know china is just too crazy.

I'm not getting anywhere near china. Reddit is looking for 15 billion in ipo, which is a hefty valuation, but they might get it. Who knows, didi is being nationalized, alibaba is donating, 15 billion and tesla is really progressing and it looks like they're back on that track. Even though the world is burning down, everything is crazy.

Tesla is right on track again, a really good sign for this management and the things that they've been able to achieve again shout out to sawyer merit for all this great information on twitter, not affiliated with the guy just really like his style. Thank you, sawyer for being a voice of reason within the sea of stupidity. Shout out to the channel members shout out to patreons. You guys are amazing.

I'll see you tomorrow, by the way, if you do want to join we're having a zoom call on labor day on monday 2 p.m. Eastern, it's five dollars to join. You can join and support the channel. I mean that allows me not to put any sponsorships on these videos and basically not to try to sell you jack, but hey if you just want to watch it for free and spend a few minutes with me.

That's also fine, no issues at all i'll see you tomorrow.