Well, the saga continues. Elon Musk is now probing folks on Twitter as to whether or not he should step down for CEO or as CEO. Let's break some of this down. So what we've known is that Tesla's performance as a company Elon Musk's baby has been pretty terrible since the acquisition of a Twitter Tesla is down somewhere over 30 percent since that acquisition, where the NASDAQ is down only about three percent since that acquisition.

One of the things that we're seeing is this correlation between anytime there's bad news at Twitter and Tesla stock going down. In fact, one of the ways that I see what's going on at Tesla is pretty remarkably simple when you compare Tesla's performance to Bitcoin Now I Believe that many Tesla investors see that? Sure, maybe Bitcoin has some form of fundamental value in blockchain technology, but certainly has nowhere near the potential value of Tesla at least at this point, or really anywhere in the near term. And what's fascinating is if you look at the year-to-date performance of Tesla next to Bitcoin, you get almost an exact match, both both of them down between 63 to 64 percent. And this is quite remarkable Given that Tesla has three billion dollars in quarterly cash flow, its EPS is expected to grow at more than 40 percent.

We're looking at another gigafactory announcement in Northeastern Mexico coming here within the next week showcasing really no long-term demand concern and what's really happening is Tesla stock is just being crushed by Elon Musk's distraction over a Twitter Now look, I'm all for entrepreneurs having separate businesses and separate companies. I'm an entrepreneur as well who runs multiple different companies I run an ETF I run a media business and I run a real estate startup. However, two of these businesses complement these. uh, each other.

My ETF and my media business complement each other so they're kind of like folded in together. and then the house hack startup, a real estate startup business I do when I'm not doing the media business. but in the case of Elon Unfortunately, there is a direct link between Twitter's failure and Tesla stock. That's because unfortunately when Elon Musk goes to sell Tesla stock, he does so to fund losses at Twitter And something to really hit this home today is we saw from the World Cup Argentina Obviously winning here, but at the World Cup picture came out of Elon Musk standing next to none other than Mr Kushner Jared Kushner This is Ivanka Trump's husband and what's really interesting about this is Kushner actually runs a private Equity Firm that he has about three billion dollars to spend.

Now what's crazy about that is they've got 300 or they had about three billion dollars to spend at the end of 2021. we'll see how much they have left, but their private Equity Firm is called Affinity Partners They have a lot of Saudi backing. It's possible that when Jared Kushner left, the Trump White House potentially as much as two out of the three billion dollars that he raised at Affinity of Partners actually came from Saudi money. And what's interesting here is seeing Elon Musk with the Saudis and Jared Kushner in the same booth is Raising questions that may be funding is secured for Twitter which we know Elon has been complaining about essentially being in the fast track to bankruptcy.

Now keep this in mind: when Elon Musk sells Tesla stock, it is a massive hit. First of all, he sold three and a half billion dollars of Tesla stock last week. That's more money than Jared Kushner at has at his firm combined and Elon did that in one stroke. Right on top of that, you have to put into perspective the magnitude of Elon Musk selling three and a half billion dollars according to Vanda track.

Retail investors bought 609 million dollars of Tesla stock in the last five days. That means it takes five weeks for them to buy as much as Elon just so old. but Elon sold like two or three times this much money in all of 2022 combined. so you potentially have as much as 30 percent of the entire Year's order book for Hodlers getting erased by Elon Musk's sales.

Like, you can't downplay how huge it is that Elon Musk is selling as many shares as he is. So maybe maybe the Twitter drama plus Elon's selling pressure is why we're seeing Tesla stock perform as badly as Bitcoin which is for I would say for most Tesla investors. Quite embarrassing. Now what is Elon Musk up to now? Well, Elon Musk is up to running a poll now asking if he should step down from Twitter And this is all exacerbated by some of the drama that's been happening in the last few weeks at Twitter.

So Elon Musk obviously took over, laid off a lot of Staff Okay, understandable. It is understandable to make the business decision to spend like cut a lot of expenses at Twitter try to get the ship on a path and then step back once everything is orderly. Again, right? That is completely understandable. What's not understandable is for Elon Musk to go on a course of turning into a political uh, talking head which is heavily in alignment with one political party by saying things like prosecute fauci that is highly stupid and highly moronic now.

I Want to be Crystal Clear There's a political benefit to that. and then there's a business ailment to that. As a business person who relies on advertisements, you should not be shooting yourself in the foot the way that Elon Musk just did. It's very, very stupid.

It's incredibly dumb. For an advertisement business to survive. it must appeal to the core 80 percent of people. Unfortunately, according to the Wall Street Journals analysis, Elon Musk's Behavior has only made it harder to earn more Revenue at Twitter.

In fact, these are the usage statistics of Twitter's Ad Manager desktop platform and you can see the usage statistics are absolutely plummeting. By some accounts, they're down as much as 90 percent. That's really bad. NPR Cited that 50 of Twitter advertisers left.

the New York Times cited that 42 percent of advertisers were gone, and the Wall Street Journal is now alleging that as much as 85 percent of advertising traffic is gone. This is really, really bad. So it's also no surprise that in talks with Lex Friedman somebody that Elon Musk actually respects I do as well. Uh, on Twitter he's kind of joking with Lex about Lex or somebody else running Twitter and how quickly Twitter is approaching bankruptcy.

Take a look at this here: Lex says fun suggestion Elon Musk let me run Twitter for a bit. no salary, all in focus on great engineering and increasing the amount of love in the world just offering my help in the unlikely case, it's useful Elon Musk replies you must like pain a lot. One catch: you have to invest your life savings in Twitter and and it has to be. and it has been in the fast lane to bankruptcy since May Want the job? He says yes, we'll turn it around now.

This is really interesting. Uh, especially since Elon says it's been in. This company has been in the fast track to bankruptcy since. May.

What's remarkable is Elon Musk has been trying to get out of this deal that he struck in March since May so it's almost like he realized, oh no, the company's going bankrupt. How can I get the hell out of this deal? Uh, so kind of remarkable. So what's happening now? Well now Elon Musk is running a poll which let me say before I show you the poll going forward there will be a vote for any major policy changes. My apologies won't happen again.

Keep in mind this is a reference to him making policy changes about the Elon jet tracking like. look, let's be very clear here: Elon Musk told that Elon the guy who was tracking Elon Jet that he won't ban him that Elon Musk believes that's free speech and oh well, even though it's dangerous for Elon security, he's going to allow it. Then all of a sudden one day bans Elon Jet because somebody jumped on the hood of one of the vehicles that was carrying uh, one of the children of Elon Musk which is terrible. Don't get me wrong, that is a horrible thing to happen, right? But immediately after that, the Elon Jet guy gets banned and then Elon threatens legal action against Elon Jet and the reporters who shared news about that, that story and potentially Elon's Jet location.

It's really interesting because that is an understandable response from a dad, but a really bad response from a business person Because a business person should say okay from now on because of what happened, we're changing the rules everybody has one week to adapt to the new rules. If you break the rules after that, you're punished right? And so I think that's why now you're having Elon Musk saying going forward there will be a vote for major policy changes. My apologies won't happen again. So what is Elon tweeting out now? Should I step down as head of Twitter I Will abide by the results of this poll now.

Now What was really interesting was I think uh the first like five minutes. this was a heavy no when only the the Tesla I'm sorry when only the Twitter audience was seeing this, this was almost all no and I think once this started spreading in the Tesla Community everybody ran over here and they're like vote Yes because people at Tesla want their man back. they want their daddy back. They want Elon back to focus on gigafactories, cars, cargo vans, semi trucks, uh, solar panels.

Not this Twitter BS And the only thing that you have to use the evidence that Elon has slightly been losing his mind under the level of hate that he's been getting is him saying the phrase prosecute Fouchy. Okay, believe that or not. like he said that. Okay, that's a fact, but believe whether or not fouches should be prosecuted or not.

That is not something somebody who relies on advertisers should be saying. Especially when your advertisements are plummeting. because the irony here. The ultimate irony, right people.

People say this in the comments all the time and I think they missed the boat. The ultimate irony is if Twitter goes bankrupt and shuts down, free speech goes in the toilet. so you're actually taking more free speech and putting it into the toilet if Twitter fails. So people saying oh, Elon Musk should be able to say what he wants or it's his duty to talk politics.

Him doing that risks hurting more free speech. In fact, it shows platforms like Facebook and YouTube that if you go too far in the Free Speech Direction you're going to go bankrupt. See what I mean like hello if you have a business mindset and you put on your business helmet for a moment Elon Musk needs to be apolitical if he's going to be at Twitter Twitter needs to be apolitical and prioritize Free Speech or else risk ruining free speech for the internet, which would be very, very bad. Now of course a lot of Tesla investors are going to be demanding that Elon Musk come back.

Here's a 10 donation. Thank you so much for the ten dollars. uh from braum39 Tesla cannot survive without him. uh then then test isn't worth investing in, then Tesla isn't investing in.

How many times has Elon said the stock is too high? These investors don't seem to listen. Okay So a lot of things to unpackage here. I Think the the most important thing here is that Tesla investors want their CEO back. There are a lot of people clamoring right now suggesting that Elon Musk uh has left Tesla Ceoless now Elon Musk has tried to come out and say hey, I was just at some meetings like I'm still working on Tesla but nobody really believes him because he's bragging about how he's sleeping at the Tesla or the the Twitter uh uh facility at the Twitter San Francisco offices and that the City building and safety officials are inspecting uh Twitter for in the headquarters for violations of building and safety policy and Twitter hasn't been paying rent and Twitter is auctioning off desks and and brazing pans and espresso machines.

It's just wild. Well, apparently Elon has now followed up with yet another tweet that is this one right here And that is to say that as the saying goes, be careful what you wish for as you might get it I Don't think Elon was expecting this many yeses to happen here and he probably shot himself in the foot a little bit by saying I will abide by the results of this poll because now he's going to have to think about a puppet basically to put in his place. Uh, so this this is possibly going to turn into a Dimitri in Putin situation. So in case you don't know, Vladimir Putin hit term limits.

So they promoted this Insider called Dimitri Medvedev to uh basically run the country and Vladimir Putin sort of like took the back seat backseat when the reality was Vladimir Putin was still in all expectations and intents and purposes running the country. So when Dimitri Medvedev's term was over, guess who came back into Power Oh Vladimir Putin I Wouldn't be surprised if that's something similar to what happens here at Twitter where Elon Musk like takes the uh, ceremonial back seat and uh, and focuses publicly all in on Tesla but in the back seat, he's still helping make decisions. That's actually not a terrible idea though, because the reality is it. like I'm all for Elon getting like the phone call or the text, hey, should we do this or that but I don't think he should be the one there on a daily basis trying to manage every single move.

But then again, ultimately, it's up to him. It's just sad that Tesla stock has become a piggy bank for him because it's crushing Tesla stock Uh, now some people say oh, all you're worried about Kevin is Tesla stock Uh no, I'm not all worried about Tesla stock. It doesn't really matter to me, if anything, it's a great buying opportunity and I think it creates like any in my opinion. Any exchange traded fund that's investing heavily into Tesla right now is going to way outperform other stocks in the future once all this overhang goes away.

I Just think it's shocking that uh, the the retail investment Community uh is is not realizing how much pain Elon's sales make to the order book to where Elon alone selling despite fundamentals being ever strong at Tesla can bag this stock down as much as it is. It's really incredible. I mean Elon has a lot of weight in in the potential movement of the stock and I think people are frustrated that what's really happening is here your financing uh, a money losing company that's trend towards bankruptcy with other people's money in Tesla one that has a goal of a sustainable climate uh, you know, clean energy future and the success of Tesla's ability to attract Engineers to build new self-driving technology or charging technology or solar technology. That ability is being hampered at Tesla by its stock performance because of its use as a piggy bank for Twitter I mean Twitter basically has a free hedge and it's called Tesla stock and that there there's an element of fairness there.

Uh, at, uh at, you know at Bay So anyway, uh, let's see here. looks like there are what else we have here. Somebody Elvis is in the bill. Okay, what more more Twitter files Supplementals? you know so far I Have to say I've covered almost all of the uh, the Twitter files and you know some things have been a little depressing.

Uh, certainly the idea that people can politically or uh, politicians or political organizations have been able to reach out to have things deleted. Uh, I don't know that anything has been the craziest. Smoking Gun beyond what we already knew like I Feel like we already knew that, right? We kind of already knew that, uh, that this sort of political stuff was going on I would just like to know how much Governor Newsom Uh, censored my campaign I think that's very interesting I I Believe, Uh, it was. It was real.

but uh, yeah. Anyway, kind of exhausting, but uh, okay. let's see what else we have here. Somebody here says it's complicated though, because he's been a great as a leader pushing for Innovation but now his personal brand has become toxic.

That's exactly the problem. Yeah, exactly. It's the personal brand becomes almost uninvestable. Uh, and and this is something that's important to know.

You know? I've done a video talking about how Tesla has become uninvestable and I mean that from the point of view of uh, from institutional investors, institutional investors cannot invest in in Tesla stock when it's a piggy bank for a company that they don't wish to invest in. Uh, Twitter right? Uh, that is. That's a political decision and uh, it's uh, it's it's something that a lot of, uh, institutional investors can't be associated with hedge funds. Pension funds they can't answer the phone call to their customers asking why are you investing in in Tesla When uh, when when Elon's tweeting certain things you know So uh, yeah, no kidding.

David No kidding Welcome aboard Dennis So uh yeah yeah, uh many Tesla investors are gutless weenie babies. Uh, you know I wouldn't necessarily say that I I think there's uh, you know, as as easy as it is to say oh hey, you know, uh, be fearful when people are greedy and be greedy when people are fearful when it actually happens to you. It's very difficult and those are generally the times where you have to ask yourself, have things fundamentally worsened for a company that you're investing in? uh and is there a decision that they need to make based on fundamentals But you should really never use price action or the comments of like haters and morons on the internet uh to to drive your investing decisions. So I I do think that fortunately, the amount of haters uh in in our community here meet Kevin Community is very very small.

They just happen to be very vocal and like I'm the kind of person that I really want ideally everybody to like me and the value that I provide. Whether I'm right or wrong I always want to provide a way to to help people and provide perspective. but uh yeah, I mean look I mean people let hate get to them and then like let's say you have a test investor who's got excuse me let's say sorry Let's say you have a husband who's got money invested in Tesla and then the wife is like hey, why do you have money invest in Tesla the guy's a nut job on Twitter and uh, and and like I'm mad at you I'm Gonna Leave You or imagine that happens right? like that's terrible and and like those sort of non-fundamental things do end up Weighing On people, it's pretty sad. Uh, but yeah.

Anyway, if Elon does step down I do think it would end up just becoming some, uh, basically a puppet a placehold for Elon Elon Also be pretty, uh, pretty remarkably involved I expect uh, let's see I just want to know about a 10. uh oh, that's awesome I Just want you to know that I bought your stocks, course and 10 done. and I'm really reflecting on my spending habits. Really looking forward to what's to come for the future.

That's awesome. Really appreciate you saying that. Yeah, you know the the courses that I have I Really hope that you know, Even if people just take away one big nugget and it changes one thing in their lives, it's going to be so much more beneficial to them than the money they actually spend on the programs. I think the programs are a bargain for what you get.

Uh, and I don't think people really realize that until they're actually in them. Uh, but uh, you know that's that's why that's my only sponsor on this channel is right now. it's just my programs on building your wealth, you know. Elite Hustler Stocks and Psychology.

Money Real Estate Investing is a big one right now. you can bundle them up. I'll link down below. Obviously someone here says going forward anytime the mainstream media says something as a conspiracy theory I will know it's 90 true.

Uh, it's The last two years have been pretty remarkable I will say that so uh okay. Well there you have it with Elon Musk of potentially quitting. Uh, Twitter it does look like it's becoming more and more official and not less official again. When this poll started, it looked like we were going to be uh, it looked like Elon Musk was going to stay However now it's looking like Elon is about to leave the building.

You even have a vote Yes trending right next to Elon Musk is a fascist. uh and I guess Tumblr is trending now I thought Tumblr was dead for a long time but okay, uh, you've got Gary Black here replying thank you for putting this to a vote. Yeah, well, not a surprise I think Tesla wants their CEO back. Anyway, there you have the latest and greatest thank you so much for watching.

We'll see you all in the next video. Good luck Thank you so much for being here. Appreciate you Bye uh and I'm almost over with the stomach flu so I should be better tomorrow I Hope stomach still churns.