Hey this is tom, welcome back, and if this is your first time here well, we only have one rule really: don't click, nothing, don't smash, nothing! Just listen! That's all! I got for you so check this out in today's video we're going to be talking about a lot of stories, but the first one i want to start with is herbert d's. Yes, i'm not telling you nothing, i'm not pitching nothing! I'm getting straight into the news. How about them apples so herbert dees, the ceo of the volkswagen group, now actually continues his bromance with elon to a new level. It's becoming a gronk tom brady relationship at this point.

After herbert this invited elon to participate in his executive meeting and actually be a keynote speaker in it, which is kind of a slap in the face to his own executives. But you know so be it now. He came out and he said that tesla is leading the way in pretty much everything starting from logistics engineering. Basically, anything that's eevee tesla is the leader and they got ta follow suit and i think it's an accurate statement.

Don't get me wrong, but you have to understand why herbert dees is saying this and there's two reasons that have nothing to do with each other and both are equally hilarious. So the first one i think is herbert. This went through the five stages of grief, and now he arrived to the fifth sage. Acceptance and that's fine acceptance is part of your grief stage.

That's fine, so he admits that he lost now what's more interesting. Is that not a lot of people are aware of this, but elon musk actually offered her buddhist, the tesla ceo job five or six years ago and her buddies didn't have the cojones to accept it. He actually chose a company that lied and cheated about biodiesel. Instead of an upcoming eevee company, which was not such a good decision for him, i'm sure he's questioning the decision in 2021 and yet i think, he's already lobbing for his next job.

How about that? We know elon likes him. We know if we're not even elon, offered him the job already, and we know he probably wishes he could have that decision back so doing this bromance with elon makes a lot of sense for herbert these. If you actually believe that elon won't stay as the ceo forever, which actually is a normal progression, i'm sure that at some point, elon will move up to be the chairman and he's going to hire a professional ceo. I think herbert this is making a play for this, which is a personal play, and i'm not sure that the volkswagen people appreciate it, but it is what it is now.

Another ceo that was complimenting tesla is actually jim farley, the ceo, not the actor, the ceo from ford, so jim farley, the man who tweeted in april the hit job by consumer reports about tesla driving itself without nobody in the car seat. Remember that so he retweeted this basically saying some nonsense. Go click on twitter. Now it seems that he came full circles with all the tesla players.

Basically saying thank you elon for leading the way now. He already also again accepted the fifth stage of grief, which is what every oem executive is going through right now, but in jim crowley's case, it's actually very interesting because elon actually took a shot at him and jim farley misinterpreted it as a compliment which actually allowed Him to compliment elon back, but i don't think elon was complimenting him so ellen tweeted. Basically that there's going to be a lot of eevee startups in the eevee graveyard in the next few years and there's already quite a lot of them, which is actually true. Nikola.

There's plenty others lordstown there's going to be more and he basically said well. The only two car companies that have never went bankrupt is tesla and ford taking a shot at gm. Obviously they went bankrupt as late as 2009, but basically jim farley took it as a huge compliment, basically saying: well, it's us and ford against the world, but you finally completely missed the irony of this tweet, where elon is basically saying well you're the next company to Go bankrupt and tesla's gon na be the only american company that has not he's basically taking a shot at ford. Saying, hey, you're gon na go bankrupt now.

Will they go bankrupt? I think the answer to this is not really dependent on their competition with tesla. I think ford makes its money mainly from the f-150 line, which is one of their biggest assets, and i think their main competition, as it seems right now, is actually rivien now reviewing put out a truck that basically wins in every category. It's an electric truck, the performance is insane. The off-road performance is insane, it's a premium vehicle 80 000, all spaced out.

Now it's not as cheap as the f-150, but when the electric f-150 comes out and that's gon na be the battleground, i think rivien has put forth in some deep. I don't think tesla is seriously thinking about competing in this category. I think with the cyber track. I don't know when it's even coming out.

I don't even think that tesla is supposed to be a huge competitor in trucks. I think it's more like a vanity play, but i do think that ford needs to be reviewing, and at this point it seems that riven is definitely way ahead. Their product is phenomenal, they're, backed by jeff bases and amazon, which means they have deep pockets, essentially endless resources, just as big as fords. So it's going to be a tough battle for ford, not necessarily because of tesla.

That's why i also think jim farley is heating up towards tesla, because they're starting to realize that his competition is actually amazon and no tesla with the rivian car. But let's see what happens now in other news, i do want to talk about hertz. The hurt ceo actually went on tv again interim ceo by the way mark fields should point this out and that say, mark fields went on tv and spoke about hertz deal with uber that can potentially go from fifty thousand to a hundred. Fifty thousand vehicles essentially raising hurts order: vis-a-vis tesla to 200 000 vehicles, basically doubling the order.

Now. I think that a lot of things might happen. Obviously this is an option agreement with uber and hertz a lot of things. I mean this is 2021.

Anything can happen, but is it probable who knows? I think that mark fields is actually making a play for the full-time ceo of hertz he's now the interim and i think, he's making a full play with this whole pr stunt. Obviously this is a real deal. Obviously this is going to work out, but it's all 100 to 200 000. Within a day it seems a little bit fishy.

It seems that, basically squeezing that juice all he can from the tesla pr, because, as my good friend patrick boyle said, the test of a good company in 2021 is whether elon musk tweets about it or it had anything to do with elon, musk or tesla. And at this point he's definitely squeezing that lemon all he can out of this free pr deal, but to be honest, mark fields deserves a lot of credit and i think he actually deserves the job, because on his first task he definitely proved he can get hurt. A lot of pr put them in the front of the media and do it for free. Basically, all he did is sign an agreement with tesla and now he's in the headline, so good move by mark fields.

I think he deserves the job and the next story is actually very interesting, so they buy the administration, actually confirmed the built-back, better legislation, this whole twelve thousand and a half dollars in credit just to save ford and gm. I think they should name this legislation. The save for and gm law, but basically it doesn't matter now. A lot of people in the tesla community are going to be upheaved about this, and i understand why rightfully so i mean that's not fair.

The problem is for ford and gm. That doesn't matter because think about it. This way these credits are designed to create one thing which is to create demand if you lower the price of any goods, the demand goes up. It's just the principle of economics.

Now the demand for tesla is right here. The supply is right here and for gm ford, it's pretty much vice versa. The demand is here. The supply is here so okay, so they get a little bit of a of an upside because of this four thousand five thousand dollars.

So they get a little bit more demand. But basically tesla is up here, so they don't need more demand. So this credit won't do nothing for tesla people will want the same amount of teslas that they're paying for today. I think the problem of tesla is the supply.

They can't make enough this, because people want more, so these credits will slightly help foreign gm. But for me it's like giving an aspirin to somebody who just lost a leg. I mean it's gon na help, but will it save his life or leg? Who knows at this point? So i'm not really stressed out about this legislation. What i am stressed out about is that i didn't get in on the latest squid games, cryptocurrency that flew up 2400 in 24 hours, and i missed it by the way, according to the website of this new cryptocurrency, which i'm sure is not the scam.

Of course it sold out within one second. How can these sell it out in one second, i mean: did they have a bunch of people just sitting click what it's easier to get a ps5 this cryptocurrency i mean what's going on so basically, this cryptocurrency is now market capped at 180 million dollars. Shoot me please and what it gives you is the right to play real life squid games. Why would somebody want to pay for this apparently non-lethal, but yet you have to buy some nfts to participate, even if you have the token, which will cost you another 17 to 33 000 just to play this game what's going on in this world? Is this a sign of inflation or stupidity, or maybe both at this point i just give up, i don't know i wish i would have gotten in on this squid game thing for real for real.

This could have been a lot of fun just to see what happens and make a video about it, but can't get any just a quick shout out to the channel members and patrons you guys are awesome. We have a call coming up this sunday, a zoom call and it's going to take place at 7, 00 a.m, eastern and at 1 p.m. Uk time, if you join the patreon or channel members, it's five bucks a month. You can participate in this goal and going forward i'd love to see you there.

Thank you so much i've been tom. You've been you and i'll, see you tomorrow.