Hey this is tom. Welcome back! If this is your first time here, don't click, nothing, don't smash, nothing don't buy nothing, just listen and enjoy, and elon musk and tesla are being sued for 162 million dollars by j.p morgan. Now, for those of you who think that jp morgan is pierce morgan's, long-lost brother? Well, it's actually not it's a bank and they're suing tesla for a whole lot of money. Now, if you read the articles on mainstream media, there's one conclusion that you're going to get to very quick the reporters who write these.

They don't understand what they're writing about, because clearly they can't explain. What's going on, i read seven different articles and none of these reporters in mainstream media understands what the lawsuit is about: they're, just reciting, the pr notice now in this video i'm going to explain exactly what this lawsuit is about. I'll also tell you what i think the end result is going to be, but also i'll. Do you one better i'll, tell you what i think of lucid post, the financials they just released i'll.

Tell you what i think about michael berry's latest 13f filings, which are gently putting peculiar i'll. Also, tell you what i think about the new fed chair appointment, which is coming out imminently and we got ta talk about boeing boeing are under fire again a new article and a new book coming out. I got ta. Tell you it's one of the best reads: you'll ever have about this topic.

I'm gon na promote it. But since you know on my videos, i don't have any sponsors, this is not a paid promotion. I absolutely love this article by peter robinson. It's on bloomberg.

I think the book is coming out peter if you're watching this video give me a shout out. You know, send me a dm, let's get you on the podcast unpopular opinions and let's talk with you, i think you wrote an amazing piece. So, first of all, let's start with tesla and of course, since i respect your time, you know the bottom line comes first, so you don't have to wait for the other stuff. So you know a quick take, lucid still trash government and the fed chair appointment still lying to you bowing still and michael berry, an idiot.

Well there you go the bottom line for the rest of the video. If you want to hear it just wait after the tesla bit, so let's talk about tesla and the lawsuit from jp morgan. So i'm actually going to explain to you what the hell is going on bottom line. First, as always, because i respect your time not a big deal, and this isn't coming from a tesla fanboy, this is coming from a guy who went to law school and actually knows what he's talking about.

Of course, this is not legal, nor financial advice. Just my opinion, which means it might be inaccurate, might be wrong, might be remix of amendment. You have to read, you have to do research, but here's my opinion about this whole tesla, slash jp morgan, entanglement, i can say, entanglement the i mean i saw it. I saw it in the will smith, a jada pinkett interview entanglement with august.

I think that was hilarious, but i can say entanglement. I really have to work hard on this. So let's talk about the entanglement between tesla and jp morgan, so to make a long story short in a few hours, you're probably going to hear about this more and more by mainstream media, but none of them have a clue what they're talking about so here's. What happened initially, tesla needed money, tesla issued warrants and those words were purchased by j.p morgan.

Now, in case you don't know, what warrants are warrants is essentially the long-lost cousin of options. The only difference between an option and a warrant is that award is issued by the company itself, while options are between two individuals and the company is external to that everything else is purely the same. There's a strike price. You can either take the money or take the stock, it's an option, but it's issued by the company itself, so jp morgan bought a harsh of this, and the strike price was 550, basically just to keep it simple.

If the share price goes up above 550 bucks. Basically, before the expiration date of these warrants, which was i think, june or july 2021 - if i'm not mistaken, then they get either the cash difference from their stock price to the share price times the amount of shares awards they had or they get stock. In that same amount, basically, it's an option. It's a bet.

Now, while they did this jp morgan, also foolishly shorted tesla, which is customary to be fair, it's kind of a hedge that big banks do, but they shorted tesla just to hedge, their ward, purchase, which i think, like any other short against tesla, is an iq test. I mean that's not a really good hedge jp morgan anyway, so they were deep, deep deep and then what happened is that elon got into an entanglement with the sec, where he tweeted he's going to take the publicly traded company tesla private at 420? Subsequently, as you may have heard, elon musk was mandated to pay 20 million dollars and tesla 20 million dollars. He was basically called the fraud by the sec paid the money and everybody forgot about this, but what most people don't remember is basically once he went out with this public announcement uh shortly after he rescinded it. Basically saying yeah we're not going to do this, and that was the end of it, but throughout this process, what jpmorgan did is they use the clause in the agreement they had with tesla, according to which they could lower the strike price and increase their gains? If a material m, a event would have happened, basically a merger of tesla or tesla sale, let's say apple, buys teslas like a cataclysmic m, a merging acquisitions event that would have completely changed.

The company would have given jp morgan the right to lower the strike price. Adjust it and then get more difference more money and which they absolutely you know. You know it's a bank, so they jumped on the opportunity and in the span of these two tweets by elon uh within you know a very short period of time where he said he's taking the company private and then he's not taking the company private they've lowered. It from 550 to 480, initially by the way to 420, then when he said he's not going to do it, they rate it to 480, not back to 550 to 480..

So basically, they pocketed about 70 per share, which is a lot of money because they're talking about a lot of shares - and this is where the beef started and it never ended. So, basically, what happened is that, obviously you know what happened with the share price. It went parabolic and now jp morgan wants that money from 480 bucks. All the way to the current share price, which is a lot of money.

Tesla paid some of it, but they're not paying the full price. Obviously, because they're saying that the strike price should have been 550 as originally agreed, because jp morgan had no justification to one-sidedly reduce the price because of a few tweets by elon. Jp morgan is saying otherwise. The feud is about 160 million dollars.

My guess where this is headed, i think tesla have a better case than jp morgan, but i think, as far as a pragmatic solution, i think they probably settle for 50 to 60 million, which tesla will pay jp morgan just to go away. I don't think it goes to full-on litigation, but then again this is elon, so you never know, but ifyla decides to take this to court. I think he wins. I think he has a better case, but if there's any lawyers on the plane, let us know below what you guys think speaking of planes boeing is in the headlines again peter robinson bloomberg, article highly suggest you read it.

Basically, the title says: boeing built a dangerous plane and lied about it and then blamed the pilots. Peter love, your work, please reach out to me, would love to interview. You read it. I think it's a brilliant piece and the i think.

Basically, it shows how criminal the 737 max that happened with the boeing actually was much worse than we know, because, based on this article, i learned that the whole interim pairing for the first crash of lioner until the second crash of ethiopian air. There was a lot of stuff that happened that i was not aware of basically boeing blaming the lion air pilots. According to this article, and not saying everything about this amcas system - and it only took another death of a couple hundred people to go out and basically admit, there's an amcas system that that's causing these crashes, so boeing initially tried to quiet this by blaming the pilots. According to this article, and basically nobody went to prison, which i think is just morally wrong, and i don't understand how this can happen, how a company can build a dangerous plane lab about it, blame the pilots, people dying and nobody's in prison, and they still selling Planes don't understand this, i i would love some answers again.

This is all according to the article allegedly, you know read the article make up your own opinion, i'm not blaming boeing of anything. I'm just saying that this is what the article states now. I personally think that boeing morally, are you know beyond repair, but this is my own opinion. I'm never flying a boeing plane again, not holding their shares.

You know my personal opinion is him now, let's talk about michael berry, another guy who went up in flames. Michael berry, the guy from the big short, obviously had a huge win, as we all know, with the big short on the real estate market. Obviously he was involved with the gme story, he's obviously doing well siren asset management. Obviously is a good fan doing well, but his tesla short and his arc invest short was probably one of the low points of his career and finally, after a very drawn out war, he admits defeats uh.

Yesterday the 13 f's come out. If you don't know what 13f is it's a filing that discloses the holdings of scion asset management, which is his firm, he basically gave up. He basically admitted that he was wrong. He closed the position, the short the ad on tesla.

He closed the short he had an archive, basically admitting that he up, i think, he's a very successful guy. We predicted a lot of the bad things that happened, but i think his tesla short and his gordon johnson in it so long refusing to give up based on ego, basically overshadows his former success. But again again just my own opinion. Now i do want to talk to you about what went on with lucid, my goodness lucid, lucid, just came out with a quarterlies, and the quarterlies were just abysmal 230 000 in sales.

Instead of the expected 1.25 million, 41 cents loss per share instead of 25 expected and so far in the first nine months of the year, they lost 1.5 billion dollars, that's a whole lot of money and when they hear rollinson speak, i don't get confident like. I do with elon story, i don't see a lot of these cars being posted on social media. I don't get the vibe and the buzz that we had initially with tesla. Something is off about lucid, at least for me personally.

I still need to see more before i get in this high praise. I know the it's going, parabolic everybody's making money, the share price is great, but as far as the company itself, i have a lot of doubts. I need to see much much more now. I do want to talk about.

Finally, what's going on with the federal reserve they're supposed to announce imminently on on the new fed chair, it's either gon na be jerome powell or the other guy forget his name. Nobody cares. Obviously, everybody knows it's gon na be john paul he's gon na get the job and his repayment i think personally, would be not to pull the trigger on the interest for another two three months to let biden breathe a little bit to get back in the saddle And then i think he's going to do it in february march he's going to pull the trigger and then everything is going to come down quite heavily, but then it will allow biden. You know to last another few months and just to chill with this whole christmas, you know don't with christmas there's one thing you know don't with christmas.

So if you're expecting a market crash following a taper tantrum, probably looking at february or march, though you know, like michael bray, says i mean you never know. Michael berry successfully predicted six out of less zero crashes. So i'm not going to predict another crash here. I'm just saying that if it happens, it probably happens in february march, but then again nobody knows, as always a huge shout out to our patreon community.

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