Yes, I will be covering Tesla Earnings live tomorrow. Click the description or the link in the pin comment down below to set your reminder for the live stream. Tesla Stock could absolutely Crash and Burn tomorrow and fall 177% down to its next FIB retracement. There are two very important things that could prevent this from happening in this video.

We are going to discuss whether it's time for tomorrow morning you to panic cell Tesla or for you to evaluate and go. Hm I Know what's going on with Tesla and I'm okay with it. Let's do some analysis as well as some price projections all in this video. Okay, first things first right now: Tesla Star sits at a close of $29 Our next FIB retracement is$ 175 and we literally have no support below us for the next 16 to 17% This is a very horrible place for a stock to be On a technical basis.

we are in a tactical downtrend. We could see the wedge pattern that's been formed here. It it's not great. We can see we have no support from the 100 day, the 200 day.

we are literally below the resistance of the 221, but we're not even close to it. We're not even trying 221 in the trading days leading into earnings, so we've got issues. This is not great. The floor is wide open for Tesla to plummet.

Now, what do I expect? Well, what I expect is two very important metrics to be front and center for tomorrow. Anytime we get an annual Q4 report from Tesla we get something very impressive known as the production and delivery forecast. And this is going to be critical because there are some estimates circulating online from people who have traditionally been relative Tesla Bulls who are suggesting that Tesla might announce only a one, uh, 2.1 rather to 2.2 million vehicle delivery Target for 2024. Keep in mind what we're looking for at minimum is 2.36 Why? Because that would represent about 30% vehicle growth, but that would still be a disappointment from the good old 50% Target that clearly isn't going so well anymore.

so consider the standards. If we get a number under 2366, we'll probably have a disappointment because we want earnings per share growth. Now, just because we miss on the Topline forecast of 30% growth, doesn't mean we can't hit 30% growth on earnings per share because we could see cost declines come in the benefits of stable Supply chains. Although we've got issues in the Redc shutting down Tesla Berlin right now, which isn't exactly a nice way to reiterate that Supply chains are getting better when they're literally getting worse.

Given that Tesla's going to be shut down for 2 weeks in Berlin, that's that's not good. That's not the direction we want to go. But anyway, yes, yes, there is a way that you can deliver less than a 30% increase in vehicle deliveries and still get your 30% EPS bump earnings per share, right? That's important. Pay attention to that.

We want 30% on EPS Right now. The Wall Street consensus for the next four years is that Tesla will grow its earnings per share by 31% Now, why is that so important? Well, it's so important because if you look at a Tesla PE ratio right now, it sits at about 67.6 for this year. Okay, that's that's for Q4 income here. so it's not a forward PE it's the current PE.

So if we divide that by 31, we know that this company is trading for a PEG ratio of about 2.18 which is probably a reasonable valuation. Although you get companies like Apple that might be trading just above 3% you get companies like Costco or or not 3% Three times on a PEG ratio. you get companies like Costco that are trading above a 4 PE ratio. And then you have companies like Nas or Alibaba that are trading much closer to a onepeg.

Usually the closer you are to one, the better. In the case of Tesla, what we're optimistically hoping for is actually a production Target closer to 50% Okay, well take our vehicle uh, deliveries from last year just over 1.8 multip and Buy 1.5 to get 50% growth. We're at 2.7 million Vehicles What's going to be realistic? This is important. This guide matters.

Tesla has been relatively accurate with how many vehicles they end up delivering when they make their forecast at the beginning of the year. So beginning of every year they make their forecast. And quite frankly, they've been saying 1.8 1.9 maybe. But it'll be a stretch all of 2023 and they ended up spoton.

1.82 Okay, great. So this is a metric that delivery, production, delivery, and production estimate is going to be something the market relies on. The market looks and says, okay, if you think you're only going to deliver 2.1 million Vehicles Okay, well, 2.1 divided by 1.82 Uh-oh that would only be 15.3% growth. How the hell are you going to grow EPS by 30% Probably not.

Valuation collapses. Boom. Stock goes 175 Be a problem. Do we think it actually has the potential of going all the way back to its floor at the end of December when the world was ending in 2022 at 101.

Unlikely something would have to substantially collapse at that level. Because quite frankly, uh, at 175, you are looking at a company that's trading for about 57, uh, times on a PE basis basis. Divide that by uh, 30. Well, then you'd be at about a one n Peg under two? Yeah, you know.

Okay, could it trade there? Yeah, it could. We don't want to see that happening. especially if then we unfortunately go in and start revising down EPS growth targets to say 20% Okay, well now you're knocking on the door of a three peg at 175. Not good.

So like the $175 Target for Tesla, it's within range. But it's all going to in my opinion, come down to two things. Number one, production and delivery estimates. We're going to talk two in just a moment.

What do I actually hope that they announce? And what does Wall Street expect that they're going to announce And what do other people expect? Well, my opinion and and this is completely my opinion. Okay, so again, this could be wrong. but I think we're going to go for a 25. Okay, where does 25 puts us put us? well? 2.5 divided by 1.82 puts us at 37% That would be great if we could get above 24 25.

Ideally my my target is 25. We're looking 30 7% Topline Can that reiterate that 31% 4-year Wall Street expectation for EPS growth? Yes, Absolutely. Now, what is Wall Street currently expecting Tesla to actually deliver I Hate to say it, it's not a good number wall. Street's current expectation for 2024 and I don't love this number at all is 2.87 million Vehicles That's only growth of 20 1% That's bad.

That would not be good. Is it possible we're going to get a bad number like that? Yes. Could that number even though I know, know that's expectation, you're still going to get rewriting. Okay, could that number push us to 175 on the stock? Yes.

Now there is sort of a a hedge to this and it's the idea that a lot of people have seen this estimate and may have sold the stock down. The last time we had a failed breakout, we had a failed breakout right here at the intersection of the downtrend and the 258. FIP The failed breakout created this approximately 20% draw down on Tesla stock. Really obvious from a technical point of view that the trigger to sell was there, and it makes sense.

As you're going into earnings, you tend to get selling after earnings. You frequently also get selling. Okay, look at the earnings for Q2 stock straight down afterwards. We've kind of already done that move though.

so could we have more of a Q3 2023 earnings Where you go red for a few extra days and then you have a recovery? Yeah, of course anything can happen because people have to cover their shorts. There are a lot of people who sell calls, buy puts, or short the stock who are fundamentally long Tesla but they're just bearish earnings, so it is possible you could get a bad report. You get some drama for the next few days around around the report, and then slowly once the pain of that Q4 earnings report is over, you move up entirely Possible. Uh, but this all comes down to your Fair Value Estimate for Tesla which of course we'll discuss in this video as well.

So the delivery, estimate, and production estimate is going to be a big deal. I'm a little devastated. That Wall Street Thinks the growth will only be 20. Uh, 20.9% That's not great.

Other test levels have also indicated in that direction. Not not great. I'm really looking forward to please give us 37% now. How can that happen? Well, it comes from scaling Berlin and gigga.

Texas Okay, great, but Berlin's getting shut down for two weeks? Yes, yes, and that sucks. So if we go and look at how many vehicles are being delivered at each facility, you could jump in here. You've got an annual capacity of 375,000 vehicles 37 5,000 Vehicles as of the end of last year, divided by Uh 52 to get a weekly figure is 7,211 Vehicles times a 2E shutdown, it's a 14,000 vehicle impact is a 14,000 vehicle impact for 2 weeks. Really going to make a massive difference.

No, and that's why I'm hoping that Wall Street is actually a little too bearish on the Red Sea drama because the realistic Outlook in my opinion is the Red Sea drama can go on and Tesla doesn't have to continuously get hurt. Why is that? Because you reroute your shipments from China around the coast of Africa to get where you got to get to Germany Okay, the issue is you're going to have this window where as you start rerouting ships the longer way, the way that takes about 30 to 40% longer, there'll be this initial lag. But once you have all your ships on that route, well, yeah, you should be able to have enough flow of components not to continue to have that delay over and over and over over again. hopefully.

And this is what I'm looking for tomorrow. Tesla Announces that this is expected to be a one-time delay that a new shipping contract or whatever has been established to prevent any Red Sea drama from continuously affecting their supply chain issues. For Berlin if they make that announcement, the stock should do better because it would help their ability to estimate a higher production number also go up. Okay, now, where else do we sit? Where else can we actually get growth from? Well, we don't think we're going to get growth from 950,000 Uh, Vehicles being produced at Shanghai.

We don't really expect that number to grow much. Uh, we don't think we're going to get much uh production expansion from California which is 650,000 Vehicles Well, that puts you at about 1.6 million Vehicles right now, right? The capacity listed here though. if I add together 375 and I'm going to take off the 14,000 in a moment and I throw in Texas of let's go 250,000 for the non-cyber TRU portion. If I throw that number those numbers in no cybertruck production I'm sitting at 2.2 million.

If I go take out that 14,000 for the supply chain issue, I'm at 2.2 2.2 oneish million Vehicles delivered. Which basically means zero growth expectations Beyond What's listed here for Berlin Texas and zero for the Cyber truck. Okay, so what can we add in? All right? fine, let's add some stuff in here. Let's say Texas Model Y Production pops 75,000 Okay, let's throw 75,000 in.

now. let's throw in 50,000 for Year One Cybertruck Deliveries. Okay, so Year One Cybertruck Deliveries? we're going to throw that in. Uh, at.

By the way, Wall Street is expecting 63,000 So I don't think I'm terribly off on that 50,000 Let's throw that off. Uh, Then what we're going to do is we're going to bump Berlin We already took off the two-e pain and and I Know they don't have the upper carrot here for for more growth, but they should be able to get to 500k next year. I'm going to only add 100,000 though, as opposed to a full 125,000 So let's add 100K to Berlin Maybe I'm Wrong here. but that gets us to about 2.43 so that that would require growth at Texas Berlin and maybe a little bit of growth at California and Shanghai to make up the difference to actually get to my target.

So my Target's a little optimistic. Okay, so let's write this down: Kevin's optimistic goal. Uh, and again, this is based on Uh, which includes we'll write a growth at Texas Uh, Berlin and slight growth in California and uh Shanghai. Okay, that's just slight growth.

We we don't need too much there, so what do we get? Optimistic goal is 2.5 That's 37% If we just stick with the numbers. we just calculated which would be 2.43 243 divided by 1.82 we'd be about 33% growth. I'd be okay with that as well. So let's write that down as the optimistic goal 2 4, 33 to 25.

We'll write that okay. Wall Street is sitting at 2.1 which is not great. Again, we already know two 2.87 to be exact. Uh, and then I would probably say Kevin's realistic.

Kevin's realistic estimate is probably in that 23 to 2.4 range. If I was Elon I'd probably be leaning 23 to 24. And so we're going to be off 50% compound at anual growth because we don't have the next gig of Factory up, right? Unless for some reason, we could scale Cybertruck more. And actually, rather than just writing in 63,000 or 50k, scale that up to 125.

Who knows? cybertruck may maybe could be a game changer. But this is also going to be tough because remember what Elon told us, don't rely on the Cyber truck to positively contribute to margin for a while. In other words, it's going to be a loss leader. Oh, at least until they get to scale.

So you can kind of see the optimistic estimates are a little hard to support. Uh, it's tough. It's tough right now, so you're probably in this range right here again. 21 22 not great.

23 24 Acceptable because it could support that 30% EPS growth. Okay, what's the next thing that matters? Well, I mean this is already obvious I Mean of course we know. talk about version 12 FSD is going to matter. Of course we know that.

Talk about Robotics and how Elon thinks it's going to be the the most valuable company in the world. Like of course those things are going to have slight impacts. of course. talk about dojo and and all the other ancillary aspects of Tesla are going to contribute to people's emotions.

But are they actually going to contribute to the stock price? No, not in my opinion. not now. Production delivery numbers, expectations where the growth comes from. Like physical, hard growth, large growth.

That's what we need. Uh okay, so before I talk about the second item, something else that uh, which obviously Red Sea is built into that and then something else before we talk about the second item that'll move the stock. uh is Elon's commentary about wanting 25% of the stock to actually continue developing. AI uh, he needs to walk that back like hardcore and I think he will.

Seeing Elon on his Uh apologist tour for uh, the impression that people have that he's an anti-semite which I Want to be clear I don't think he is, but he's kind of on this tour of going to you know Israel then he goes to Aitz and Poland he's with Ben Shapiro you like it's kind of doing the the Jewish tour. Makes me think that he's very aware of people's perception of of what his Uh standing is. right? He's very aware of what people like and don't like about him. It might be why he's seems sometimes to be relatively depressed because he pays too much attention as to what other people are saying about him, but probably to some extent also a good thing because I think you're going to get an Elon that comes into this earnings call tomorrow that says hey, look, you know we we were talking about this uncomfortability I Want to be clear: I'm not threatening to take away the AI uh from from Tesla which is obviously a reason people are invested in the stock you know the potential for FSD the potential for Optimus and all of that take rates for FSD Full Stelf driving is amazing.

Okay I'm on version 11 I'm not on 12 yet and it'll probably be a year before I ever get 12. but it's okay. like it's already so freaking good. Does it need to be? You know, driverless.

I Mean it kind of already feels like it is driverless, but you know you're there supervising. I I Don't really think that's a big deal I Do think they should change the structure in terms of how you sign up for it. You know, 200 bucks a month or $300 a month. 100 of that goes to principal to pay off like actually having FSD for your car.

Or they should just lower the price of it. Quite frankly, they could also just like include it. I uh I Know, sometimes people hear that it's like wait, that's got to hurt margin. It all gets built into the end price.

But anyway, so um, look I think Elon's going to substantially walk back the AI drama and that's going to be a positive for the stock that is still outside the two main things. Again, main thing: number one production which includes Red Sea drama. Main thing: number two we're going to talk about in a moment, but the AI thing. he will walk it back just like he's doing the sort of Jewish tour right now.

I Think he's going to do the tour of expressing how important it is not to let somebody evil take over artificial intelligence because Elon of course told us that he's not evil. So of course we should trust him. Uh, and then you also want to see him reiterate that like I'm not here to dump the stock or or whatever like those things would be useful. Okay, now the second thing.

this is like really obvious we already know this. Yeah, it's the MW because this is the year companies are going to take it in the mark margin now. Uh, the expectations for margin mind you are are out we are looking at. uh Automotive gross margin expectations for Q4 o and I want you to see also or I'll tell you uh, how they're expected to evolve over the next few years.

It's actually kind of an interesting number to look at, but Automotive gross margin for Q4. The current estimates are that we're going to be at about 18.9 so we'll see what happens with that. Uh, I think we were. Yeah, we were at 18.7 before that.

and the growth of margin as rates probably start trending down over the next few years. or if we enter a recession rapidly get cut. Uh, margin will probably move with interest rates. In fact, you could kind of see the lag of interest rates right here.

see the first circle at the top left there that indicates when the Federal Reserve began raising rates and then the right Circle shows you a year later when Tesla's operating margin started getting whacked. This is different from vehicle gross margin. It's just a chart that Tesla has here on operating margin. Uh, and so even once we start cutting rates, we'll probably have a lag of about a year before margin really starts boosting.

But the stock usually starts pricing pricing in a margin gain 18 months beforehand. so hopefully we start pricing in that margin gain now. Mar Markets Uh, Well, after earnings, that is because it's such a Negative Catalyst People have so much uncertainty over what's going to happen tomorrow. When you look at Automotive gross margin, you're looking at Uh 18.9 expected for Q1 19.3 Q2 19.9 Q4 or sorry Q3 Uh, it gets up to 20.2 Q4 And as I keep going it.

basically it looks like Wall Street is pricing in margin growth of somewhere around 30 basis points every so. In other words, it's just going to take years for them to climb this margin back. In fact, margin caps out in 20126 at 24% on wall Street's estimates. that is going to be very, very important I Am worried that obviously we're going to get some kind of margin Miss for Q4 I Want the bottom to be behind us here.

You can actually see the Gap gross margin which is calculated slightly differently from what uh, the Um Wall Street estimates are. But what you can see see is the lowest gross margin we had right here was in the last quarter. See this consistent decline: 25 2381, 193 18.2 19 point or 17.9 Just give me something with a one and the eight in the front. That's it.

A one and eight. Please show us the bottom is in uh I Don't know if we're going to get it, but however much that misses, we'll see anyway. Uh, those are the two biggest aspects now. how does this affect value ation for Tesla Okay, look, this is a part people care about, right? It's like when is this freaking company actually going to go up again? It's been 3 years of this stupid stock trading sideways.

Now that's either a gift that you've been given three years to go shop for this freaking stock and buy the dip, or we're all idiots. That's entirely possible too. In fact, any reality is always possible. It's just a matter of what's probable.

So what do we have? Okay, by the end of 20 2026, this is important. By the end of 2026, What do we think these vehicles are going to sell for? And how many vehicles are we actually going to sell? Well, my estimate, unfortunately, is high relative to what Wall Street thinks Wall Street thinks we're only going to get to about 3.1 million. Vehicles So we're going to run this both ways. We're going to run it with my estimate of 38, which is actually what Wall Street Thingss will happen in 2027.

Uh, but we'll compare that to uh to, you know, 3 one in uh in 2026 in just a moment. But what we're looking for is what do we think these vehicles are going to sell for? And what do we think we're going to get? Uh, uh, in terms of an average selling price? Well, Wall Street right now actually holds Tesla's average selling price at roughly 4 4,000 You can see I'm running it at 42,000 So we'll do both analyses. Okay, we'll come back to this and we're going to change it to 31 with 44k. We'll do that in just a moment.

But let's do some analysis here. Remember what we're going to do on purpose. Here is: while we're giving 2% to leases some service Revenue 10% to energy I am purposely doing zero for insurance, semis, full, self-driving Tesla robot third party FSD and anything else. Okay, I'm not I'm literally not even giving FSD Revenue here I'm going to just underwrite this as a damn car company like a Toyota Okay, that's what we're going to do.

We're just going to underwrite it as Toyota Okay, if we then take the 2026 margin estimate and we'll take that margin estimate from Wall Street of 22% Okay, that's be 80. Uh, sorry 78% expense? There we go. 22% margin. We'll do that now and we're going to move down to what we think the stock price might be.

We would end up getting to a 324 stock price. However, if we end up changing margin to, let's say sticking at 18% for a while, so we'll go 82 over, Here we get to a stock price of about 250. Okay, I Want to be very clear about what that means this means in 2026, the stock basically just goes back to where it was 2 weeks ago as only a car company with kind of crappy margins. In my opinion, like your worst case scenario is basically where it is now is that it's just flat over the next two or three years.

I I See that as the worst case scenario now. Obviously we can go in here. We can adjust to uh Wall Street numbers Uh, this. Uh, this will really hurt if you go to 4 4K But you drop these deliveries to 31 and let's go with their margin so we'll go with their margin.

You get to about 276. Notice how really her with their numbers doesn't actually really change the floor? In my opinion? for the stock, it's still like a $250 to $300 stock. How did we figure that with a 1.6 PEG ratio on 30% EPS growth. That is what Wall Street is expecting.

Okay, this is literally wall stre expectation now 30% EPS growth Totally reasonable for it to sell for 1.6 times Peg Totally reasonable with their numbers with uh, their margin to sit uh with with $45 $4,000 in average selling price 3.1 million Vehicles reasonable to sit at 276. That's crappy though, right? Nobody's really investing in this company for that. I'm not running an actively managed ETF that has a massive allocation to Tesla for that. Okay, that's because this is like like ignore that.

This says bull here because I've manipulated so far. It's just stripping everything Tesla out of Tesla underwriting it like a car company with EPS growing at 30% That's it. Well, that's actually not that bad because we know Tesla is way freaking more than that. Okay, so now let's put some like Bull hats on.

Okay, so we put some Bull hats on and I don't mean no BS either I mean some enthusiasm here. Okay, so let's say we can actually get margin up another 2% Something you're going to notice is 1% margin usually operates or moves you by about $20 per. um, uh, in the stock price. So every 1% margin Improvement they get on their gross margin.

It's about $20 in stock price. That's why margin matters so much. But anyway, let's get to uh, you know what, call it, call it even 2027. Okay, let's go 2027.

Let's just be patient with with it. Change it all to 2027 and we'll leave it at 44k. We'll go 3.8 Honestly, I'm going to go slightly above that I'm going to go 42. We're going to go 42 because why not? It's a great number actually.

No. Realistically, I think it should do more than 42. but Wall Street thinks 38 I'm going to go 42. Okay, 42 by the end of 2027.

But now what we're going to do is, we're actually going to start making some freaking money again from FSD What are we going to do I Want to see $4,000 of Revenue per vehicle? How do we do that? It's really actually simple math. All you're doing is going to throw in revenue of basically 10% of the vehicle's price. Okay, so multiply that All right. Uh, okay here.

average selling price: 44,000 right? Put the times logo in there. we go 4,400 bucks. Great. Now we have to multiply this by how many vehicles are delivered.

4.2 million? Great, that could add. You know, just a small $18 billion. Uh, to this company. Again, Okay, Fantastic.

So we just added $18 billion. What are our expenses on FSD I Threw some you know, refunds and credits and whatever. Nominal 2% big deal. Basically, you're taking it down to about 4K per vehicle as opposed to 4,400 bucks.

Honestly, that's probably what it's worth. That's honestly probably what they should be selling it for. But and I did this on person on purpose to see if you would catch it. Do we actually think the take rate is going to be 100% No, the take rate's not going to be 100% So if the take rate's not 100% and the take rate is actually 25% at $4,000 we're going to drop this to 2.5 Darn only gives us another 4.6 Billies.

That's okay though. Take our expenses out. What is that due to the stock? $426 stock? Okay, FSD 4K at at a 25% take rate or 4,400 bucks bumps the stock almost $100 See how sensitive this stock is going to be to actually realizing revenue from things that matter. What do you think is going to happen to the stock when they sell their first order of Optimus robots? Yeah, okay, you just saw what a measly 25% take rate on FSD at Four Grand does with $44,000 It's insane.

The multiples are what are going to lead to Euphoria for Tesla The problem is right now. nobody prices in any of the other crap at Tesla The semis, the FSD the Tesla B the AI Cloud computer. Whatever. All of that the the market the street gives no value to and I bet you every single person watching this is like bro, those are the only Reasons I'm in this stock because otherwise I wouldn't own a stupid car company I know So point is like this: this is how the stock gets Juiced Okay, you pump the margin that's at 22% by the way.

I think honestly, if we can get back to 25% margin, let's drop this to uh 25% gross margin would be the expense would be about 75% So that should give us another 60 bucks right there on the stock. Yeah, 492 that was. That was about $60 Uh, so uh, now what else do we have? Is there anything else to really be bullish on over the next three? Uh, well actually it's more like four years. Well, all of 24, all of 25, all of 26, all of 27.

That's four years. Four years. between now and four years I mean rates are going to be like zero again, right? So that's why I Think you can prop margin up? Uh FSD Maybe the take rate honestly is 50% at $4,000 I Really think they got to drop the price Anyway, move this to uh, 5% Watch What Happens Look at that $542 stock. Okay, I'm going to leave that at two and a half just because I think that's more realistic.

So again, that's a 25% take create at $4,400 Uh and uh. and realistically, you start selling this this. Tesla bot. Um, it it you're You're basically potentially doubling the productive value of Tesla.

So really, it's kind of like going in here and selling more cars at a high margin. The Tesla bought I mean depending on what it could do. I Think most companies would gladly pay $25 to $50,000 for this. So it almost be like selling another car.

except it's a little robot, right? And now what? Okay, well, you basically just go in here and you start pricing that in. What does that look like if we doubled the number of vehicles SL Bots Assuming the same margin for robots as as uh, Vehicles well pop it up to 8.4 2027. That's Bots And and robots at a 25% margin? $1,000 stock. So that's pricing in Bots Okay, so you can see how you can manipulate this: I Like to consider all of that the icing on the cake.

So I Personally don't really like thinking about numbers like that I Guess it's entertaining because your rate of return over four years would be 45% per year if you invest today at you know, $210 actually be about 47% per year every single year compounded for the next four years if you invested. uh. and and this ended up happening. Okay, again, we don't know.

But once those Bots start selling, the Market's going to have to start pricing that in and discounting that. And in my opinion, it's not down. So I Think you're kind of at like one of the worst places for Tesla Right now, people are very bearish on this company. From a fundamental point of view, this is like a bottoming process for this company.

Is it really going to matter what they say in terms of production deliveries? Whether it's 21 or 22 or 23? Is it really going to matter if the margin is 17 and a half or 18 and a half tomorrow over the next four years? No, it's not going to matter. Is it going to matter for the stock price movement over the next few weeks? Yeah, and nobody wants to get margin called I I Get it. But nothing in my point of view. Uh, and this is just my personal point of view.

It's certainly not. Financial Advice: Nothing in my point of view says flip-flop Everything in my point of view actually says we're on the right path because if we go into a recession rates cut. Guess who keeps buying stuff? Homeowners and white collar professionals with or Bluecar professionals who who make a lot of money. Okay, people with $120,000 plus jobs.

Okay, those are the people buying Teslas solar panels for their homes, inverters for their homes. They're buying real estate. You're going to see a massive wealth. Gap So in a weird way, does a potentially uh, you know rapid set of rate Cuts via recession potentially help a company like Tesla Yes, see Tesla In my opinion, is recession resilient? However, it is not interest rate resilient, but recession means interest rates plummet.

That's a big difference. I've always said I think Tesla's recession resistant but we've just been getting destroyed by rates, not recession. So uh, so my positioning. it sounds boring, but it continues to be the same Tesla and face.

Then we get our chips our Nvidias, Amds Tsms Intel as the value chip play and we move from there. That's my point of view. I'm sticking with it. Hope you appreciate this.

Insight I Love you all I Wish you all the best of luck. Why not advertise these things that you told us here I Feel like nobody else knows about this? We'll We'll try a little advertising and see how it goes. Congratulations man, you have done so much People love you people look up to you Kevin PA there financial analyst and YouTuber meet Kevin Always great to get your take even though I'm a licensed financial adviser, real estate broker and becoming a stock broker. This video is neither personalized Financial Advice nor real estate advice for you.

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