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Elon Musk is turning into a clown idiot.
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⚠️⚠️⚠️ #elonmusk #musk #twitter ⚠️⚠️⚠️
Elon Musk is turning into a clown idiot.
📝Contact Information for Kevin & Liability Disclaimer: http://meetkevin.com/disclaimer
This is not a solicitation or financial advice. See the PPM at https://Househack.com for more on HouseHack.
Videos are not financial advice.
Elon Musk is absolutely losing it and he needs to shut the F up. Actually having a new CEO for Tesla might not be that bad since that was a rumor that was circulating last week. Part of me is starting to actually like the idea because I think Elon Musk has become a little bit unhinged in this video. We're going to talk about that and how it's affecting Tesla's stock given that the stock is down over four percent today while the NASDAQ is flat.
Now, this could be due to substantial tax loss harvesting because Tesla has performed very badly this year. not due to fundamentals at all. The fundamentals of a Slowdown in China should represent a nominal impact to the fundamentals of Tesla stock, especially since we can export a good chunk of vehicles not sold in China. And of course, we can make other adjustments to ensure that as many vehicles Tesla produces are actually sold, whether those are to rental car companies or shipped to Europe or to the United States or other parts of Asia or otherwise, the demand being fulfilled should not be the issue.
The real issue that is dragging Tesla stock down is very simple. It's that Elon Musk bought Twitter using Tesla stock Elon Musk has openly said that he finances Twitter losses with Tesla stock Elon Musk has openly told us on earnings calls oh, Tesla one day will be worth as much as Apple and Saudi Aramco combined, but then sold 20 billion dollars worth of Tesla right after those comments. Seems a little Saucy something that isn't really something that we want to see a long-term supporter of Tesla stock do. Now Look, we understand it's okay for entrepreneurs to have their own Ambitions but the Twitter ambition is a massive overhang on Tesla stock.
Because it's essentially the piggy bank, the more volatile issues are at Twitter. the more Tesla stock suffers because the expectation is that fewer and fewer advertisers will actually be able to go to the Twitter platform, leading to a greater risk of losses at Twitter and a greater risk of losses have at Twitter potentially means Elon Musk selling more stock. It was just last week that Elon Musk Apparently in discussions rumored and reported by Bloomberg was in talks to potentially margin uh or I should say refinance up to 13 billion dollars of Twitter debt using his stocks as a margin collateral is Tesla stock. that is to lower the interest expense at Twitter.
So if you're a Tesla investor, you are extremely righteous to be frustrated over Elon Musk's Twitter acquisition. However, I do have confidence that Elon Musk will rightfully clean up uh Twitter uh via its expenses and and I believe at some point it will become profitable. That is, of course, unless Elon Musk walks off of, well, a cliff which seems to be what he's doing right now with his polarizingness. Elon Musk has always been someone who's been cheered, always been someone who's been respected by the vast majority of people.
Yet unfortunately, when Elon Musk walked out onto stage in San Francisco at the Dave Chappelle Show just recently, it sounded like there were more booze than cheers. Even though Elon Musk suggests that Nah 90 were cheers and 10 were booze, it was just the loud extreme lefties. It sounded like there were a lot of booths. And reportedly, according to Breaking points, the Twitter account that posted the video of Elon Musk getting booed is now deleted from Twitter, which almost seems to stand directly in contrast to Elon Musk's Free Speech Uh protocols at Twitter. If that is what happened, maybe that's not what happened. Nobody knows. Maybe somebody created a burner account and deleted it to try to set that sort of thesis up right. Entirely Possible, nobody knows.
But here's the reality: Elon Musk is an executive. He needs to behave like an executive. We know he's had issues with this before. That's why he's gotten in trouble from the SEC.
You listen when you are under somebody else's institutions like you are a publicly listed company under the jurisdiction of the SEC. You need to respect the jurisdiction. You have to respect the law enforcement of Uh of of of Securities and that is the SEC and Elon Musk has been fined for disrespecting them. He's publicly ridiculed them just trying to do their jobs.
Look if it, look if you mess up and you make a mistake, it's okay to be frustrated, but at some point you also have to realize that if you left up, you have to up. You know people go through those realizations I go through those realizations and I realize like look, you know if you have up, you break the rules and get in trouble. That's just the way it works. It's just the way it works.
But the problem is not so much Elon's disrespect. Now for the SEC it's his disrespect for people's political beliefs. See Something that you have to remember is Democrats are roughly twice as likely to buy an electric vehicle as Republicans And in my opinion, your goal as as a regular human being in society should be to try to appeal to 80 of perspectives, right? you? You don't, really, in my opinion, need to appeal to the far left or the far right because I actually think those fringes are not very normal and just by the definition of a bell curve with 80 in the middle and 10 on each side, normal would be defined as what's in the middle I Really consider myself substantial in the middle person. Politically, there are things on the left I Like there are things on the right I Like you could look at my 20-point plan when I ran for governor in California I called myself a JFK Democrat I stand for common things that I Think we can all agree on.
Financial education in schools, solve homelessness, build more housing so we don't have a housing affordability problem. these are. these are normal things we should all stand for. Of course, we might disagree with how to handle those things, but I did not run a campaign on the ideology that I need to go out and make sure people stop using pronouns or uh, you know, try to go kill wokeism or whatever. Like if you if you know one side says well go woke, go broke and the other side wants to go well I I don't care about the extremes I care about the middle and if I'm an executive of a company that is trying to attract advertisers even and though I want to promote free speech, I want other people around me to have Free Speech but I wouldn't want to say things that I might think but freely say those things. If I'm actually trying to attract advertisers, nobody's taking away your speech. But if you say things that are stupid and advertisers pull out, now you're just conducting bad business. So I want to be very clear about that.
Some people when they hear me say Elon should shut the F up. They think Elon should be silenced. It's not what I'm saying like let other people say the crazy extreme things that you want to say. give this stuff to journalists and let them say it right.
like that's okay. But when when you are an executive trying to attract advertisers, you're just conducting like yes, you're using your free speech, That's fine I I'm totally okay Elon Musk with you having those opinions, but when you shout them out at the world, you're fine using your free speech. That's okay, but you're making a terrible business decision for Twitter leading people to pressure advertisers to cancel. There are tweets with tens to hundreds of thousands, thousands of replies of individuals tagging companies like T-Mobile going T-Mobile You see what Elon's doing.
You guys are advertising on the platform. Why are you still advertising? People are pressuring writing to to T-Mobile Stop advertising on Twitter That happens at Scale. It's such a stupid business decision because now Elon Musk You are burning people who gave you the wealth you have your investors. You're burning people who are trusting you in Twitter because you're screwing advertising potentials and you're burning people who trusted you would potentially still trust you investing in Tesla by being a loose cannon I Tweeted the other day that I think Donald Trump is actually on Twitter he's just on Twitter under Elon Musk's profile because he's being very divisive.
but Donald Trump made money from being divisive. The business decision was the more divisive you are, the more money you get from your Republican base for Elon Musk it doesn't work that way. The more divisive you are, the more advertisers you lose because what advertisers want to attract? Well, if you're my pillow, maybe you want to attract the right. But if you're 80 advertisers you want to advertise to 80 of people where the bulk of people are.
You're pissing people off. It's frustrating. So look, it's a buying opportunity. If you are somebody who says, look, the fundamentals of Tesla sound, don't worry about this. This is just, you know, short-term drama or whatever. Great. That's a wonderful mindset to have that's phenomenal. And I agree.
I Don't think the fundamentals for Tesla have changed at all, but you do have a loose cannon running the company now on. Twitter Uh, and that's bad. Let's go through some examples. This is okay, right? De-platforming The President continued right.
the Twitter files I Support this. You're letting journalists share the story and you're bringing attention to it. I'm okay with you bringing attention to political problems. I'm okay with this here migrant Caravan uh, passing into El Paso or whatever Elon Musk are playing.
Wow, That's okay. great. Bring attention to these issues. Totally fine.
This is ridiculous. This is stupid. The branch Covidians are upset. Okay, so Branch Covidian used to be somebody who was like so the old school Branch Covidian was like super anti-vaxx and like super anti-everything Right now, a branch Covidian is somebody who's considered somebody who's like Pro lockdown.
Uh, so the definition has kind of changed a little bit. So really, what he's saying here is like oh no, the far left You so seem to have upset them. Uh, and it's just not good because now he's getting into these political discussions. like when people talk about vaccines, he says, oh, somehow the nation of Sweden is fine.
Well, so he's sending this implication that oh, okay, well, if if Sweden is fine, maybe vaccines don't work In the context of his thread, which in our effort to save time here, I'm not going through all of it and he's not wrong. I mean Sweden to some degree has a substantially lower excess death rate than other Uh countries. It's in fact, in one of the top two right next to New Zealand But that's not necessarily just because uh oh, vaccines don't work. In fact, Sweden is substantially more vaccinated than we are.
Their vaccination rate is about four to five percent higher than us. Not only that, they deem to be based on on studies that are still being conducted now. I Mean it'll take probably decades before we know the true reason why Sweden is doing so well, but the expectation is that Sweden is actually really good at keeping people vaccinated who are in those high risk groups, whereas the U.S kind of had this. All right, everybody get vaccinated and now people are kind of dropping off.
They haven't gotten their boosters or whatever, especially the high-risk groups, so you potentially have a higher mortality rate in the United States If you look at the bottom here in the United States, you could see the 10 least vaccinated states in the United States have an excess death rate in excess of I Believe it's 193. Yeah, in excess of 193 excess deaths per hundred thousand. The 10 most vaccinated states in the United States are somewhere around 63 excess deaths per 100 000 and that is in line with Europe with the exception of Sweden which sits at about 32.4 excess deaths per 100 000, which is really good. But when you actually look at doses per person or per um, this is doses per 100 people, Sweden has about 20 percent more doses out per 100 people on average than the United States and it's possible that those doses are going more directly to the vulnerable populations. You know your 60, 70, 80 plus. Uh. And so I Think the Health Care system has substantial advantages in Sweden But it doesn't mean that they're anti-vaxx it just means that they're prioritizing people who are most likely to benefit from the vaccine rather than be then be injured, right? Uh, like. Anyway, so so the point is, like, you see how long it just made me it took me to make that point.
It's there's so much more detail that I just gave no matter what side of the vaccine debate you're on. Uh, and you know I'm not I Don't think people should be forced to take the vaccine I Do think if you're over 70 80, it's probably a good idea. Like there's probably more risk of you not taking it when you're over that age. but I'm not a doctor so I don't want to impose that opinion.
That's just maybe that's the mainstream opinion. Okay I I Don't know again. But my point here is look at how much information I just gave to at least make an argument versus how limited this is. Somehow the nation is like this, just promotes cynicism and that's not good or this.
My pronouns are Prosecute Fauci and the truth resonates. This is my my uh Donald Trump is on Twitter he's just using Elon's profile tweet uh, here he is responding to uh uh to unhinged leftists or whatever. Note: The thing about prosecute Foundry Okay, so this has to do with Wuhan uh. Fauci went to Congress and told the national uh, it told Congress that the National Institute of Health has not ever and does not fund gain of function research in Wuhan Wuhan is where the idea is that the coronavirus was engineered and there was a lab leak and that's how coronavirus get out got out which is potentially very credible that that is what happened.
Uh and uh. The The idea here is that gain a Function research basically makes a certain organisms more effective. So for example, you could enhance bacteria. uh to to improve, uh, the function of certain things.
You can improve the function of insulin. You can uh, you know, alter an organism like a virus and make it more Uh, contagious. So you could can study the the spread of of contagious diseases like coronaviruses. Remember, Uh, the common cold is caused by four different types of coronaviruses.
Human coronaviruses. So coronaviruses are very, very, very normal colds. The the Covid-19 that we think of uh and then the strains of that Delta Omicron and that those are just more severe forms, right? Uh, So yeah, to some degree some people actually have found in research that if you had a cold and then you got exposed to Covid, you could actually have substantial immunity because there are similarities in the cell body of the common cold to covet. Very very interesting. But anyway, apparently then the National Institute of Health later came out and said the research we supported in China where coronaviruses are prevalent, sought to understand the behavior of coronaviruses, circulating bats that have the potential to cause widespread disease. The body of science produced by this research demonstrates that bad coronaviruses, bad coronavirus sequences published from the National Institute of Health supportive were not SARS Cov2. So in other words, now you have this kind of blurry thing where it's like wait. So the United States did fund coronavirus research, just not Cov2 research like Covid-19 research at Wuhan.
This kind of makes it seem like fauci didn't tell us the truth Did he know I mean he is the director of the infectious diseases department at the NH NIH or did he purposely like try to loophole and evade that, right? Anyway, that's just politics. Okay, that stuff and I'm not like forgiving each side here I'm just saying like this kind of stuff when so many people hate Foundry but so many people respect him does enrage certain people you know know and especially if you start saying that like here, here's here's Scott Kelly an astronaut replying going Elon Please don't Mock and promote hate towards marginalized groups like Lgbtq or or people like Fauci who whose motivation has always been saving lives personally I have a little bit of an optimistic bias in people that I think people want to do the best that they can with the information they have available I do think there are Crooks like sandbankment freed uh but uh, you know this is where Elon responds and says no, you know Fauci lied uh and uh, that killed millions of people Not awesome and he's really referring to the idea that well, if because Fauci lied about the research we funded covet killed millions of people, it's it's stretchy, right? like I I Don't know that you could say okay because because he wasn't fully transparent whether he knew or didn't, he killed millions of people, right? Uh, and I know that's not exactly what he's saying, but that's the implication here, right? It's just this is the kind of extreme fringy stuff that yeah, is a discussion that's worth having. We should research all of this But should the CEO of of Twitter be doing this? No. Let you know, journalists and and other users of Twitter and and uh, professors should be studying this.
or or you and me, we should research and try to share our opinions on this. But somebody who's trying to attract advertisers is just making a bad business decision. fighting uh, you know woke is um, or trying to fight covid? uh, information or whatever right? Uh, You know. And then you get into these debates about oh, are pronouns mocking people or not? uh And you know Elon picks out the people who support him and ignores the people who don't support him. The point is, it's fine if you want to do this. but when you're trying to attract advertisers, don't be surprised if advertisers leave. It's that simple. and if advertisers leave, Twitter does worse and therefore Tesla uh, stock potentially goes down more because Elon has to sell more to find Twitter and this drama and it's just like again, it's okay in my opinion to bring attention to this.
I'm never suggesting anybody should be silenced, but Elon should chill the F out a little bit. Uh, it's just not fair to the people who are trying to support him. Uh, it is not fair to ostracize people who are trying to support him. There are people sending me messages about how they're canceling their orders and that's going to trickle down over to the rental car companies too.
You know if Hertz is like, well, people politically don't want Teslas maybe we stop buying Teslas You know, just bad. Anyway, thanks for watching. It's very frustrating. Uh I Bluntly think Elon needs to shut the F up.
That's my take. Again, bring attention to stuff. but but stop with the extreme stuff. Let somebody else do that.
Okay, simple.
The irony of Kevin “house hack” starting a war and criticizing a loved “hero” billionaire while saying Elon shouldn’t do exactly what he’s doing himself.
Kevin is just a hater. Elon is helping everyone unplug from the matrix that Kevin is still plugged into. Also, “house hack” isn’t exactly a good name and sounds untrustworthy.
I'd like to see the stats for this video.
Only just now? He’s been losing it for a while…
Did tesla drop 6% because Elon got boo'ed on stage? LOL
Glass houses Kev….
Glass houses…
Yes he does need to shut up..
And you have enough money to not work.
Yet here we are….
How much money does Kevin have? And how much money does Elon Musk have?….I rest my case. Shut up Kevin. You'll never be on Elon Musk level nor accomplish all of the things he has done.
If he believed Tesla were worth that much he wouldn't let his shares go by selling them. Using them as collateral for loans is less bad, unless he gets margin called in case TSLA goes down much further. His new toy is Twitter. He should leave TSLA as CEO.
When are you removing $TSLA from $PP?
Musk is just trying to get more demand from republicans..
Elon is trying to free americas brainwashed minds. Fuck your investment and tesla. If the the far far left frisco freaks don’t like Elon he’s doing something right.
China is “middle” in Chinese
Billionaire
Kevin, take your own advice
I think, he is testing the limits of free speech to build his open source 🤣
Kevin- calls elon an idiot
Also kevin-i know where you can put your money instead of tesla… My PP
I see what your doing 🤡
You’re bought
I dont know what to say… first time I agree. Kevin this is very true…. There currently is only one problem for Tesla. And I invested in Tesla NOT Twitter. Could not give less of a shit about Twitter.
There’s already a cancel Tesla movement starting. I know several people who’ve cancelled their orders. Elon needs to stfu with the politics and run Tesla.
Thank you for saying what no one else in the Tesla community will!!
I agree however I think what he’s doing with twitter is also very important.
The fact that Elon said tesla was going to be worth more than Apple and these other companies and then he turns around and sells a bunch of the stock is a moot point for someone who is worth billions. He is simply moving value around. I believe he has so much money he doesn't really care if he has 6 billion dollars in his checking account versus $150 billion dollars. He knows tesla will do fine now. How many billions do you need before you can't even feel it? All he's trying to do is move equity so he can create new things and I think your speculation about that is probably wrong
You're a hypocrite Kevin. You've been unhinged. Elon is on point about Twitter you just have no idea. You're losing money so you're turning into a gimp. We need to talk Kevin. You just don't understand the real plan.
so investing in tesla is like investing in china, good fundamental but too much political risk ? hahahaha
This is coming from a guy who CHEERLEADED for FTX?
The "far right" = THE TRUTH
The truth is hard to hear, and if we have to censor the truth for babies ears, we will lose our society.
He lost it
Like when you pumped and dumped FTX on your subscribers? We are waiting
Anyone listening to you has to have rocks in their head
People in glass houses should not throw rocks
Look in the mirror DUDE…..LOL
Elon is exposing the corruption and I’m here for it