Oh my goodness, we gotta talk about Tesla and potentially the dealership model coming. Oh my gosh, it's a disaster. We got to talk about retail that's buying Tesla We got to talk about the Mexico Fab I Don't know if I could borrow that term from chips Fabs fabrication facility probably not Factory gigafactory. We'll call it that.

We're gonna talk about the long term for Tesla and then this crazy new patent that Ford just filed a lot to talk about. Let's hop right into it. Okay, first things first: Mississippi Where there's literally like one Tesla store. Just to introduce this bill which is sitting, the Mississippi legislature did just introduce this bill right here.

It's sitting on the desk of the governor to sign and it basically creates these exemptions uh, suggesting when an automotive company can operate their own dealership networks and when they can't and the problem is, if this gets signed, Tesla might have to close. its very only Tesla store in Mississippi And so it's on the Governor's desk. The legislature passed this bill on Thursday and it's aimed at restricting electric vehicle manufacturers from opening brick and mortar dealerships unless they comply with the same laws followed by traditional car makers. Basically the dealership model.

Now obviously buying direct is so fantastic because you don't have that middle person adding you know, five to ten percent as a markup. The dealership model is obviously built around service and this is not to bag on car sales. I Want to be very clear if you are in car sales, you are learning so much in terms sales skills that even when dealerships go away in the future which I think they will, it'll be a while. It'll probably still be 20 30 years.

Many of you who are in car sales right now are gonna be like Kevin I don't care I'll be retired by that and that's fine I Just want to make sure you know like I'm a I I don't disrespect sales people at heart. That's that's what I started as and I actually think starting in like door-to-door sales or Car Sales is just getting thrown into the fire pit of actually knowing how to close the deal fast. Like that's how you learn a lot in sales really fast. So aside from from apologizing to the sales people, let me now move on from saying I have nothing wrong I Have no qualms with sales people.

but the dealership model is Antiquated it's garbage. It's going to go away. It will die. The dealership model will die now.

That's not to be confused with the real estate dealership model. basically where real estate agents help people buy sell. I Don't think that's going away. That'll take another 100 years for that to go away.

I expect uh, that'll probably that'll happen in the future, but not anytime soon. Cars are next. But here you're actually seeing Mississippi introduce a law that will move companies backwards and basically a force the closure of of Tesla's store in Mississippi Uh and and basically see, look at this: Tesla has one facility in Mississippi where customers can buy vehicles in person, but it's classified as a store and not a dealership. a distinction that allows the company to operate outside of state laws governing the franchise business.

But this Bill signed into law if signed into law would not allow the store to stay open unless this enters into a franchise agreement. Now, what Tesla could do to circumvent this is basically just create and spin off a money losing franchise and fund the money losing franchise. I'm sure there's a loophole around this. Do I really think this has any big implication on Tesla No.

What maybe has more of a a potential impact on Tesla is the fact that apparently Tesla just actually recalled 3470. Vehicles because bolts securing the second row seat back frames may not have been securely tightened enough. Not a big deal. Stuff like that happens.

obviously. take it in, get it fixed. you're unfortunately not going to be over able to over the air update that. But I Do think it's interesting that Mississippi is basically trying to go backwards.

Uh, and and obviously this is going to be the dealership unions and dealerships fighting for this and in a place like Mississippi, they might actually still be able to pull it off. Whatever. Maybe you might have to order your Tesla from the state next to it or you'll have a money losing franchise that Tesla's set up to make it happen. Whatever.

Uh, there are ways around all of this. But what's more interesting is actually that Tesla could potentially start making cars in Mexico next year in 2024. That'd be pretty damn fast. That means they'd have to get this sucker built in the next 12 to 18 months now.

I personally think Tesla is playing very smart 4D chess out there. Oh, hold on, let me pause for a moment. There's this guy called FTX Sam So Sam Bankman freed I Guess who says Kevin is the biggest Tesla Shield out there. Dude, There are so many Tesla Fanboys who have their heads so far up their ass that all they care about is bullish stuff on Tesla like I I try to be neutral.

man like I'm a I am a big testable I am a big long-term Tesla investor Tesla has the biggest allocation in my ETF personal allocation like I am a Tesla but there are some people that have their self their heads so far up their ass that you say one bad thing about Tesla they hate you and I'm like man. whatever man. But no, I am not the biggest Tesla shell out there. There are lots of Tesla Shields that have way more so on the scale of Tesla shells I think I'm on the low end of Tesla shells I'm in the poverty end of Tesla shills.

If you rated it by by sort of like level of of chillness, try to be neutral. But anyway, so what do we have here? Oh yeah. so I think Tesla's playing 4D chess here because when Tesla says oh, we're gonna start making the cars next year, what they're really doing is they're manipulating the politicians. Okay, think about this folks.

think about this. It's 4D chess. Tesla is not saying we might start making cars in 2024., they're having the politicians say it now. What does the politician have to make sure of Tesla I said you would start making cars next year What's it gonna take Tesla's gonna go well sir.

we're gonna need those permits to be expedited. No problem, you need your permit here. It is because the politician made the commitment, not Tesla It's so brilliant. Look, there are some things that piss me off a lot about: Tesla Okay, I'll say it.

and I'll say it again. Their presentation was an unorganized disaster. Their presentation skills are hugely bad. Okay, their investor day was at least on investor day, a middle finger.

It was sort of like here's the Thousand piece Tesla puzzle thrown on the ground. Nobody put it together. Now The pieces were fantastic. The more and more we picked up, the pieces were like oh damn, this is actually pretty good.

Damn yeah. this puzzle actually looks pretty damn nice. But their presentation skills one out of ten, their engineering skills 20 out of 10. Okay, they can fix that easily a little bit of work on the presentation would make them hugely better at presenting.

Okay, and that's where like I get like a lot of hate from the Tesla Community because Kevin's just a Trader then good Lord Good Lord Being in the middle sucks really I Felt that when I ran for governor as well, you were. You're in the middle. The left hates you, the right hates you. You're in the middle.

the Bears hate you. the bulls hate you. Everybody hates you. But that's okay.

I have coffee and alcohol to help me. Hmm, oh that Patron's a little strong I mean that coffee's a little strong Anyway, Okay, so so continuing on with this New York Times article here: Uh, New York Times Tesla Factory in Mexico Nuevo Leon will cost five billion dollars. We'll employ up to 7 000 people and could start churning out cars as early as next year. Look at the politician making that commitment 35 year old Governor getting manipulated by Tesla Good job Tesla You guys are kicking ass again here over time Tesla could double or triple that initial five billion dollar investment.

These opportunities I think happen every 100 years. Dude, this this Governor is so jazzed he's he's basically like he's wetting his pants over how excited he is that Tesla's coming and this is like the perfect 40 year chess because a lot of the Mexican politicians have been too. As the New York Times here says, criticized for being too slow to embrace green energy And now guess what? What's happening over here? Look at this one over here. Uh, the auto body painting process is Central to the manufacturing process uses a lot of water.

Raises the question about how Tesla is actually going to get enough water for their Factory Okay, so the New York Times provides that. But listen to the counter right away, You ready for this? You ready for this? The politician immediately points out an array of new infrastructure projects including an aqueduct and a dam, saying he will ensure a steady supply of water. Okay, because I need Tesla You know Elon Musk is just sitting there twiddling his thumbs right now going. That's the right step, bro.

You stuck. Oh, it's actually like, just totally brilliant. It's so brilliant. Uh, you know you've got uh, you've got Volks You know.

New York Times Kind of gives a little shout out to Volkswagen Who wants to create the first mass-produced brand? Uh, uh. bring back. sort of the Scouts mass-produced brand of off-road vehicles. in the EV segment.

they're going to be building a facility apparently near Columbia South Carolina to produce trucks and off-road vehicles by 2026.. Who cares? You got Ford Chevys Volkswagens Beemers and other cars being manufactured in Mexico Whatever. Here's interesting: under the inflation reduction: Act passed by Democrats last year, Electric cars and batteries made in Mexico are eligible for federal incentives not available to Vehicles made in Asia or Europe Vehicles made in Mexico have long been shipped to the United States and Canada duty-free Tesla Like other manufacturers, will have its own lane at the border, allowing trucks to clear customs in minutes rather than hours. Well, I guess the politicians are like whatever you need and listen to this.

The politician here has been told by Tom Zoo who leads Tesla's Factory operations that guy's probably gonna become the CEO one day that the company wanted to build the plant faster than their Chinese Plant their Shanghai a plant. Absolutely Crazy. Absolutely crazy. Really, really incredible.

Really, really impressive. So uh, congratulations to your Tesla on playing 40 chess with the politicians. Now we've got to talk. Uh, we got.

oh yeah, oh my gosh Yeah. Oh, look at this here. ready for this? Where is retail buying? Okay, so you've heard me say this probably 17 000 times before. Let me just give you a quick reiteration and then I want to uh uh, shout out Oh actually I'll shout this out first and then I want to tell you the new information.

So anyway, I do want to shout out the Tesla takeover? You could I think it's go you could go to like Tesla takeover just Google it. but I think you could go to Teslateakeover.com Uh, they're doing an event in San Luis Obispo July 29th to 30th I am too lazy to drive there so I will be flying there like a total lazy bum. Uh, but I will be popping in uh I I'm invited uh to to get made fun of by the extreme Tesla bulls and to speak to the uh Normie uh normal people like the people who are not like super bullish but the people who are like normal Tesla investors. But anyway, it's going to be a really really cool event I think uh hopefully I don't get too many tomatoes thrown at me for bringing realism but hey, look at that here.

I Am meet Kevin uh Rosker will be there Gary Black will be there and got Farzad will be there Sandy Monroe uh you've got May Musk. It's pretty cool. that's awesome Elon Musk's mom. So anyway, that's pretty cool.

So uh. anyway, what do we got over here? Uh yep, we've got Tesla Stock is now more popular than every or than ever among individual investors. Now why is this important? Well, it's important because remember Tesla Elon Musk Sold Elon Sold 24 billion dollars in 2022, right? Retail bought about 15 billion so that left about a 9 billion dollar deficit of huddle money. It's kind of like the way you have to look at a stock and this is really important.

Okay, when you look at a stock, think about it. kind of like the Earth's crust for a moment and the stuff down here at the bottom like this. really really like hardcore. Like iron and stuff like that.

That's like the hardcore huddle. Foundation It's like the iron. The Limestone like the really hard stuff, right? Those are your hodlers. On top of that, you got all the trading noise right? Well, What? Elon basically did by selling for for Twitter and you can't blame them.

Okay, he wanted to buy Twitter Whatever he can do that. That's his right. He basically mined away like a big old chunk of the foundation right here and basically created a sinkhole for the stock to slip into. Okay, but what is retail done today? Look at this.

retail. So far this year has spent 13.6 billion dollars buying Tesla stock. They are rebuilding retail. You individual investors are single-handedly rebuilding the foundation.

Elon sinkhole. Congratulations, that's freaking awesome already! 13.6 billion dollars? Look at the chart of retail buys. This is absolutely insane. Net purchases of Tesla by individual investors.

five-day moving average I mean I don't know what it is. but basically I think everybody started tax loss harvesting over here in December or or right there January because you had just like this explosion over here. the bottom was over. but you actually did have quite a bit of buying over here in November December As you know, some people were paper handing or paper.

you know, tax loss harvesting or whatever. tax expenses? who knows. but uh, I actually uh launched my ETF probably somewhere around what November if that's 2022, probably somewhere around here, which is really interesting. Kind of good timing on that I suppose.

But anyway. Uh, very, very cool. Very very cool that uh Tesla retail investors are going nuts buying again. Uh, this is.

uh, it's worth noting that Weeble has, uh, let's see a portion. a proportion of accounts that Weeble Trading Tesla climbed. Oh, the proportion of accounts at Weeble training Tesla was 18 in February that was just four percent six months ago Tesla Reigns Supreme On our platform, we saw a huge spike in December they say and they also the Wall Street Journal. Here goes on to say that uh Tesla is now outpacing QQQ Apple and Amazon Oh, quick, fun fact as sort of just a reward for those of you who'd stayed to the end of these videos.

If you hold, if you huddle, QQQ I highly encourage you do something else You ready for this? I want you to look into QQQ M. Ah, you might be like, what what the hell is that? Compare the fees. That's all. I'm going to say the expense ratio on QQQ is 20 bips QQQ and these are, you know, passively managed.

They're not like an active managed fund, so of course the bips are lower. 20 bips on QQQ m is exactly. We're told exactly the same thing and the expense ratio a Weeble doesn't even show the expense ratio, but the expense ratio is a fraction of QQQ And the only reason is because they Market QQQ and they don't Market qqqm so they're like hey, I mean if we can milk more money on QQQ why not? Ah bet you didn't know that Anyway I Appreciate you all being here. Thank you so much! Uh I I I uh I Appreciate I Know there are a lot of quiet supporters out there.

I Would probably say 90 of people who watch me are quiet supporters, appreciate the perspective, and you've got like maybe eight nine percent loud supporters and then they're like one or two percent really loud haters, but I have to even thank them. I mean for some reason they keep coming back too. So I think what it is is I I just come across as like very punchable. Um I don't know why I haven't figured it out myself, but everybody's like I want to punch you in the face until I get to know you and then I like you anyway.

Thank you all, appreciate you. We'll see you soon.