Hey this is tom and i don't really have time to make a video today, i'm super busy, but let's just do it raw on the phone, no editing, no production value, just the information. So if this is your first time here, don't click, nothing! Don't smash! Nothing! Don't buy nothing, we don't get nothing to sell, no courses, no, nothing just listen. So before we get started. As always.

The bottom line comes first in every one of my videos, so here's the bottom line, i absolutely loved, alex harp's interview and specifically his talk about the importance of stock based compensation and why it's not diluting the actual shareholders who are there for long term. I'm going to talk about that in depth. Also i'll explain why volunteer is down so heavily over the past week. That is also coming up.

There's actual good reason for this. The entire tech sector is down heavily unless you tesla or apple everybody's, taking massive hits because of rotational aspects. People are moving towards value away from tech, it happens. It's a cyclical market, i'm going to also talk about what elon just did, because it seems that he posted a one star review for jp morgan as he promised now.

That's actually pretty funny. The review itself is a satirical. Let's call it this way, but i think we have to talk about what's been going on with jp morgan and tesla, because i think what tesla is going through with jp morgan. It's not really about the money.

It's about what i think jp morgan are doing, which completely disqualifies them for me. If i was any sort of business looking for funding, i wouldn't work with jp morgan after what they did to tesla i'll explain in a second, they pretty much single-handedly unilaterally change the price, the stock price of the warrant exercise and we'll explain in a second also Elon is actually taking shots at binance for their glitch, not allowing people to withdraw doge, which is kind of insane how long it's been going on and how binance actually responded very politically correct on their main account and how their ceo was a complete chicken. In his personal account actually going at ilan showing that they did a recall, a software recall and he's like, oh you do also have malfunctions. I mean that's a software update over the internet that took like 10 minutes what a chicken move.

I mean own up to your mistake and actually you reply to what they're saying also we have to talk about. What's been going on with elon and the sales i mean, the dude is already past the half point of him selling 18 billion dollars worth of his stock, and it's a lot of money and the the stock price doesn't really seem to care. I mean it's down like a percent in pre-market him selling about 10 billion dollars. Give or take of stock basically did nothing for the share price people have so much confidence in tesla even to the point where the entire stock market and the tech sector is crashing.

Tesla i mean basically stays put so kudos to the tesla community. I mean they're really proven that they have longevity and kind of a conviction in the stock. Now i do want to also talk about the oil prices and what's been going on with the biden's administration and the releasing the all reserves, and all that i think it's a political move, i'll explain in a second. Why but, basically the us is trying to you know prevent with christmas, so they're going to be releasing their all reserves to lower the prices down, basically not to mess with christmas.

I don't like this move at all, because i don't think it has any long-term longevity. I'll talk about that in a second as well, but that's just a quick recap: if you don't have time for the whole video, that's just the bottom line. Now, let's go and actually go into a little bit of a detail here. Issue number one alex carp: i love how these videos are completely unedited and i just spat on my floor.

My goodness this other thing you can only get on an unedited video somebody's gon na have to clean it up and anyways uh yeah. So having spat on my floor, uh disgusting as it may be, let's go to the actual issue at hand, so alex carp went on cnbc and he talked about a myriad of issues live in california, china, stock based comp. Now i don't really care about the california stuff, it's been kind of it's a dead horse. It's been beaten all the way to california.

Let's talk about the stock based comp in china number one. His comments about china were very brave and very uncharacteristic very non-politically correct. He basically said it flat like i said: china is the enemy of the us. We don't work with the enemy simple and the china is not on the u.s side.

That's why we don't with china most ceos, most executives, won't say it because they're either greedy or too chicken. He has balls of steel. I absolutely love how he talked about china. It proves to me he has morals and values.

That's why i like alex carp now what i liked even more when he got asked about well, what's going on with all these options, the stock based compensation, you're deluding shareholders alex what's going on, and he basically explained listen if you're interested in the long-term success of Volunteer, you want us to do two things to be insanely innovative and have the best product and stay ahead of the pack, and you want us to be able to recruit the top-of-the-line talent to do it, because we can't do it if we can't get the top One percent of people to work for a company, it's very hard to do it when you compete with companies that can overpay like in google like a facebook like a tesla, even at this point, they can't compete with salaries with these companies. The only way they can compete for the top one percent of talent is by giving them a stake in the business, giving them a piece of the business convincing them to stay, even if they would have paid the same amounts they pay over there in the in The fan companies, it doesn't keep your employee once he gets a better offer he's out. But if you give him a piece of the business he's there for a long time, it's a stickiness of good employees. So he's basically saying it's like in the law firm right.

Why would five partners give up more percentage of their business and put in the sixth partner in place? They're deluding themselves right if you think that that sixth partner is gon na increase the business so that you're less of a percentage now will be more more actually makes sense. So the only issue i have with this is that you have to have a faith that alex carp and peter thiel have an understanding of how to allocate this sbc, basically that they're not giving it to bozos they're, given to actually good people that will get the Job done, but as long as they believe that there can be good judges of talent and as long as you believe that they're going to give this to smart people, i think that he made a really good point. I mean, if you're a swing trader. You probably want us to do, share, buybacks and and dividends, and you know stuff that pumped the stock.

But if you have a long-term vision of pallete becoming one of the biggest companies in the world, you want us to play the long game and the long game means giving away a lot of our stock to recruit some of the best people. So we can compete and so basically he said you know the swing traders, we don't care, we're here long term and if you're aligned with us, you shouldn't care about stock based comp, which i completely agree to now. Let's talk about the what happened with elon musk, so elon musk actually did leave a one star review for jp morgan. Basically saying been there, the service and great they don't accept doge funding.

He actually commented about this on twitter. I don't know if he did. The original post, but he did comment on it on twitter and he laughed out loud. So what happened with the jp, morgan and tesla is actually very annoying.

So basically, jp morgan bought an option from tesla when you buy it from the company. It's actually called a warrant, but it's essentially an option and that option like any option that warrant that has a strike price and in the agreement they put in the clause, which is completely reasonable and completely standard. Is that, if the changes of circumstance due to a merger event, if tesla gets sold to apple, just you know giving you examples, there's a major m, a event merging acquisition, there's something from a corporate structure that happens that materially changes the valuation of the company, then Jp morgan can actually lower the strike price of the warrant. Essentially, when you lower the strike price of an option, you get the bigger piece of the pie, because if the stock price is here and your stock price was here, but you lowered it, you get that extra difference as more profit.

So basically elin tweeted the joke. With the 420 remember, when he's taking the company private at 420, obviously a joke and jp morgan - you laterally decided that well, that fits the clause of an m, a material change, so we're lowering the strike price on the warrant unilaterally without asking tesla tesla of course Said no, the not, and they still did it and then, when the expiration date came, tesla repaid the whole warrant as they were mandated, but all the way to the original strike price and now jp morgan is saying. Well, we still have 160 million based on our set new lower stock price, which i think is a greedy move for. Lack of a better word, in my opinion might be an accurate might be wrong by the reminders of a madman but my opinion, not as a financial advisor, not as a lawyer.

It's it's. It's a greedy move, their behavior, in my opinion, allegedly their behavior, basically disqualifies them from any company that has any concern for the rule of law and due diligence and and due procedure to ever do business with them unless they pick out from this, and unless they Apologize, i think that pretty much shows their real character and you know not a good look. Uh, not good optics for jp morgan on this uh having a hard time figuring out how they're gon na defend this position, i think they tried to bully tesla. They thought tesla was settled and they'll get a few bucks out of it, and you know elon is not that kind of guy, so he's not to be messed with speaking of elon, he actually tweeted something very funny.

He went at the finance and basically for not allowing people to withdraw their doge from finance for a long time already since the beginning of the month and basically that it's a glitch, but he basically said well guys what's going on. This seems a little bit shady and the company, of course responded politically on politically correct, on their main account basically saying: well, there's no shadiness! Here, it's just a malfunction, blah blah blah, but then the ceo on his personal account with the super chicken move. He actually went at elon, basically tweeting, that tesla had a recall a software recall and that, like, oh, you make mistakes too. Why are you talking about us uh? The only problem is that elon's recall so-called recall was a software update, which they did pretty much within a few minutes and basically changed nothing for the user experience and their malfunction is actually costing people money and a lot of it and they're not taking responsibility.

In my opinion, allegedly yeah, so i felt it was a chicken move. If you had this to say, you should have put this on the binance account not on a personal one, and i think that they have a lot of explaining to do. I think elon is right and talking about elon again he just sold crossed over the 50 line, 10 billion dollars of tesla stocks sold already, as promised he's the most transparent guy. I know uh.

He promised on twitter he's gon na sell ten percent of his tesla holdings. He rated about five percent five percent more to go share price, absolutely non-responsive to this uh. It just shows you the strength of the tesla community, and it makes me envious. I hope one day like the palantir community would have that fortitude, but just cool to see a community really believing in the product and all the haters are saying well, elon is selling expensive, so you simple things you buy for you know you buy it off his Hands how the i just move on anyways.

Let's talk about the what's going on with the oil prices, so all prices have spiked from 65 bucks just six months ago, all the way to up to like 85 bucks in the beginning of november, a really insane spike and the opec countries. Opec is pretty much you know: saudi arabia, united arab emirates, congo, libya um all the nicest places in the world to visit pretty much, and so basically all of these countries, uh there's 15 countries who have a membership in opec and they basically produce most of the Oil in the world, they basically control the oil price by controlling supply when they want to raise prices. They lower supply and obviously there's a lot of pressure from the international community for them to increase the supply to lower the prices and they don't want to do it. But it's a very then they look a dense, it's a tangle and for a while now the price has gone up.

The u.s and europe were pressuring opec to increase supply, because the price has really gone up too much and they basically said no, you off pretty much and then what happened is that the president biden and his administration decided to release 50 million barrels from the strategic Petroleum reserves of the united states to basically lower the price, along with the other countries. That will do it simultaneously, like china, for example, but they haven't stated the amount of barrels, but i think it will get to 70 80 million barrels. And you know in kind of an attempt to pressure the price to go down and basically, i think, first of all, it's a misuse of what spr is the strategic patrol reserve. It's supposed to be for hurricanes and emergencies and not to be used to control the market and the market prices, but i think the reason he's doing it and i understand why he's doing it is because he doesn't want you know people to with christmas uh.

That's why i think he has a very understanding with john powell about tapering and now he needs the oil prices to go down, because this upcoming month is really sensitive. Nobody with christmas i mean them, needs the approval numbers and if the oil prices are going to go skyrocketing again during christmas, is going to get busy much pretty much screwed, you know so a political move um not that it's putting the u.s in any danger. I mean the u.s produces about 11 million barrels per day, so 50 million barrels out of the out of the spr not a huge deal, but not a good look for the government using emergency resources to manipulate market prices of oil. Don't really appreciate that move, but my opinion, you guys, might disagree with me and that's okay, just let me know below what you guys think as always a huge shout out to channel members and patrons.

I hope you enjoyed this unedited video um. I just wanted to do this real quick. I don't have a time for a full video today, but i just wanted to get out there and give you the information. If you want to support the channel it's five bucks per month, the link is gon na be below to join, there's literally no value in joining my patreon, it's just to support the channel, so the content is free.

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