Thanks for watching!! We love you! https://ehack.com
📺 Youtube Channels to Follow📺
✅ Market Open Live: https://www.youtube.com/ @MeetKevinLive
✅ Podcast: https://www.youtube.com/ @MeetKevinPodcast
✅ HouseHack: https://www.youtube.com/ @househackhomes
✅✅My Product & Service Links✅✅
💎 Courses on Wealth: https://meetkevin.com💎
🟢 ACTUAL Financial Advice with Kevin: https://stackhack.com
🚨 My Startup: https://househack.com
📰 My Daily Newsletter: https://meetkevin.com/daily
➡️Favorite 3rd-Party Products (Affiliate / Paid Commissioned Links):
🎥 Our Real Estate 3D Scan Camera: https://metkevin.com/3d
✝️ Life Insurance in as little as 5 Minutes: https://metkevin.com/life
📸 Webcam https://metkevin.com/webcam
⚠️⚠️⚠️ #househack #meetkevin #ehack ⚠️⚠️⚠️
Elon Musk's tweets on 25% ownership control otherwise he'd slow the growth of AI have been concerning... here's my take.
📝Disclaimer:
This video is not personalized advice for the viewer.
📺 Youtube Channels to Follow📺
✅ Market Open Live: https://www.youtube.com/ @MeetKevinLive
✅ Podcast: https://www.youtube.com/ @MeetKevinPodcast
✅ HouseHack: https://www.youtube.com/ @househackhomes
✅✅My Product & Service Links✅✅
💎 Courses on Wealth: https://meetkevin.com💎
🟢 ACTUAL Financial Advice with Kevin: https://stackhack.com
🚨 My Startup: https://househack.com
📰 My Daily Newsletter: https://meetkevin.com/daily
➡️Favorite 3rd-Party Products (Affiliate / Paid Commissioned Links):
🎥 Our Real Estate 3D Scan Camera: https://metkevin.com/3d
✝️ Life Insurance in as little as 5 Minutes: https://metkevin.com/life
📸 Webcam https://metkevin.com/webcam
⚠️⚠️⚠️ #househack #meetkevin #ehack ⚠️⚠️⚠️
Elon Musk's tweets on 25% ownership control otherwise he'd slow the growth of AI have been concerning... here's my take.
📝Disclaimer:
This video is not personalized advice for the viewer.
Wow, we need to talk about Elon Musk because yesterday, long and short of it, he basically implied that he's not so sure about developing artificial intelligence at Tesla unless he has 25% voting control of the company. which let's be real. Right now, he's got slightly more than 133% You could throw in some options, maybe add another 6% but the point is, that would still leave him shy somewhere between 6 to 12% of what he would need in terms of voting control to have control of Tesla to the point that he feels comfortable in expanding artificial intelligence research, arguing that Tesla is, uh, ceration whatever of multiple different startups now I Don't know if there's like some Mark Zuckerberg Envy going on Since Elon Musk has also been kind of tweeting comparisons to Facebook and how Facebook has dual class voting shares whereas Tesla doesn't and it's really difficult to set that up after a company. IPOs and there were a lot of I Mean, there have always kind of been comparisons between Mark and Zach.
You know Elon wanted to show up at his house and fight him and I guess that never happened. Supposed to be a fight in the Coliseum that got downgraded to a different Uh monument and then just basically fizzled away and never happened. I I I There, There's a lot of this like you know, uh, male parts measuring contest that's going on and uh, uh, that there's that, uh. then there's obviously the drama around the Twitter acquisition and a lot of shareholders being very frustrated at Tesla that Elon seems highly distracted by Twitter though other people are like no, it's for the good of humanity, it's for the good of Free Speech But what we really need to do is ignore all of the speculation, craziness, and mid Journey 6 pictures uh, leaked photos of uh Elon Musk sad about his Twitter acquisition I Have to say mid Journey 6 not bad, not bad I' I'd probably say it's got.
You know it's got some work to do on hands still looking a little bulky here, but but uh I have to say you know mid Journey 6 Not bad. So if you haven't been using some of the AI tools, you're missing out because some of these are are pretty impressive. Uh, there's some really wild detail here. uh that you can get out of these uh, these image generators.
Now it took like a whole like 45 seconds to generate this morning in the course member live as we were messing around a little bit. Not exactly sure what's going on over here if that's all bird poop and that's why he's sad or what. but any who, what are the implications of this? Well, long and short nothing. Here's the thing.
every single time drama like this happens with a company like Tesla and the stock goes down which I realized it went positive again today. Okay, we're going to talk about that in a moment because the Fibs are working again. Uh, hopefully knock on Would Okay, there's a there's a risk they won't but it's really scary what's happening in the Fibs right now. As I'm recording this video, it's like it's perfect. But anyway. uh, what you have to know is this is probably a negot NE Iation Ploy from Elon Musk I Really think that Elon knows? It's been a very long time since he's had a new Stockon plan. There's talk that they can't have a current stock comp plan because of a shareholder lawsuit. Somebody who has a very insignificant amount of shares is part of a class action lawsuit.
Uh, in in Delaware Uh. and basically this, this lawsuit has been going on for nearly two years now. It still hasn't settled out and until it settles out, they can't really do a new stock comp plan. At least that's the current argument.
So I think Elon is posturing that maybe we're getting close to resolving that case. and now he's purposely posturing to try to massage the board into giving him a better stock comp plan because Elon wants to argue that hey, I need to have 25% control so that Humanity doesn't get destroyed when we come out with the amazing artificial intelligence tools that we have and some activist investor doesn't come in and take my 15% Uh, and then and then we're screwed. Basically because somebody does evil things with artificial intelligence. That's the gist of what Elon's trying to pull off here.
and there are two ways to look at it. One way to look at it is Elon's being greedy. He should stop being distracted by the bird and actually focus on Tesla. Uh, And then the other part of that is people are like bro.
I'm investing in Tesla because of all of those other startups. So the fact that you might imply you might sandbag those other startups just because you're not getting more stock comp comes across a sleazy. Then there are the other side of people who are like no, no, no, it's bullish Every time things go this bearish where people start saying that's it, Tesla's going down to 100 Tesla's going to drop 50% uh, it's over for Tesla The Market's finally realizing Tesla's overvalued every time. Like that sort of sentiment comes out.
It's usually a really good buy the dip opportunity because no matter how you look at it, Tesla's the only profitable EV company that exists In quite frankly, North America It is not only an EV company, but we we know this already. It's also a technology company. Whether it's full, self-driving or some of the other benefits that come with Tesla or the energy. whatever, We don't even have to go through the list of all the things that Tesla is.
What matters is that ultimately, this sort of drama that Elon is stirring up is probably not. Without forethought, Elon's pretty good at saying things on Twitter and then regretting them. But when it comes to Tesla stock, there's often some forethought with what he's doing. even 420 funding secured in my opinion.
Even though you know the SEC is kind of like hey, hey, wait a minute, wait a minute. you shouldn't be doing that. In my opinion, that was a ploy to burn short sellers. There's always this extra kind of thought that he's got going on. is Elon really going to try to rug pull Tesla and and somehow say that's it I'm taking all of the AI team and creating another startup. no he would get sued to Oblivion it's not g to happen. it would get like there's no way I think they could pull that off I'm not even remotely concerned about that. I think the odds of Elon being able to strip Tesla of the amazing things that it has done and the amazing things that it is growing in the startups that are part of the company now are about 1% So that means I think there's a 99% chance whether Elon gets more stock, comp or or or not like Tesla's staying Tesla Optimus is staying at Tesla Dojo is staying at Tesla the energy seor staying at Tesla FSD staying at Tesla all the AI at Tesla is staying at Tesla Okay, that's really important now.
Does that mean Tesla's going to get all of Twitter's AI through grock? No, of course not. these. these are very separate. Okay, and that's okay.
It's not like anybody's really trying to price in the potential benefits of of grock over at Tesla or really shouldn't be anyway. So from a practical and fundamental point of view, am I really worried about this drama affecting Tesla stock long long term? No. Besides, usually Elon's stock based compensation plans are ridiculous. Like both for the investors and for him.
Like he gets paid a lot when they vastly outperform expectations. So realistically, could Elon get a stock-based comp plan that's like hey, if you get Tesla's market cap to five Trill we'll get you back to 25% ownership. Uh, yeah, totally. And then he's a trillionaire.
Actually, it' be more than a trillionaire, right? It slightly over a trillion dollars, uh, of net worth just from Tesla in that case. and that is some kind of stock comp plan that I think is probably something where shareholders are going to go. You know, we get this drama and people like oh my God oh my God Elon's going to try to dilute shareholders. No, the board's not going to go for that.
Elon's not even going to go for that. They're going to go for some kind of stock plan that would either include BuyBacks which I Don't think so because they're spending so much money on on um Capital expenditures I Do not think they're going to go for BuyBacks Uh, or they'll have some kind of ridiculous growth targets that if the valuation crosses X for say, 90 days, Elon unlocks a trunch of stock options that would get him closer to his goal of 25% voting control again. I Don't think you're going to see a second voting class of shares I Don't think you see that either. I Think this is very simple.
Okay I'm just trying to put like the reasonable hat on here. Like does the drama we heard on Twitter really make me fundamentally nervous about Tesla No, it's literally just Elon being Elon This this is Elon like negotiates in the public space. all these kind of negotiations with Tesla like Tesla price Cuts or what. Everything is so public immediately and it's one of the reasons Tesla's so volatile. Most companies, they kind of. they do these negotiations in private. but Elon leverages social media to his benefit when it comes to burning short sellers or putting pressure on the board. Because obviously every Elon Fanboy and girl is going to be like Bor you need to take care of Elon And and you know, other like, just normal everyday investors are like what the hell, why is all of this happening right in front of my eyes And then obviously Tesla Q is like Market's finally realizing the Stock's overvalued shorts will pay off here eventually.
It's just drama. That's all. This is like. No, absolutely Nothing here fundamentally changes.
Any any Tesla investor should know based on history that Press tells us if Elon gets a big stock comp plan that brings him to 25% it is going to be handsomely rewarding to Tesla shareholders. so you should be cheering it if it's anything like the previous stock on plans because it probably mean Tesla stock double triple quadruples before he gets to that level right and then maybe it actually realigns Elon's incentives to get over the bird and start focusing on on uh uh on Tesla a little bit more. uh. but anyway, this is what I wanted to show regarding the Fibbies.
So while I've been filming this video, I've been watching this line. just get tested and tested and tested. What's really scary about this is this morning on our uh stock Market Open Live stream which we do every day. the market is open on the stock Market Open Live Stream channel I Warned I Go.
This is Not good. Tesla is in no man's land. We literally have no support and like shortly after I mentioned that what what ended up happening? Look at this. literally the r stops right above the the uh, you know after the Breakthrough of the Uh resistance which now becomes support, it has a little attempted breakout which obviously fails and rubber bands right back to the FIB and we are literally dancing that FIB line very very very important from a TA basis that we do not have a full Candlestick below uh, this fiby line right here which I just want to show you exactly where it is 22126 We're basically right there right now.
Okay, we we really need to close above that today. So you want Tesla to be up about 1.1% today. Okay, knock on wood. Uh, so look again.
Big deal. All this drama. No, it's Elon being Elon negotiating in the public space, he will not be able to pull out all of the glory. Uh, that is in Tesla You know this.
This is just positioning and posturing. Are we getting BuyBacks No. Are you're going to get massively diluted? Well, you already are as a shareholder of anything basically. well with the exception of House Hack because we raised it one to one. But anyway. Um, yeah. look I mean the stock market is dilution. I mean you want to see dilution? Go look at Neo for example.
Okay, uh, that doesn't mean you can't make money in the stock market, but there will be dilution in the future. Uh, Tesla will probably raise money from shareholders again. whether it's more stock comp or or directly funding operations. which is basically the same thing you.
You got to realize that okay, paying stock comp is dilution. and all of these companies pay stock comp. Which makes sense because employees who work for Tesla they want stockhom duh. Tesla's paying out almost half a billion dollar in stock based compensation last quarter.
465 million per quarter. Half a bill per quarter going out in stock based compensation. So like totally normal. but remember that that is Utive if you're a shareholder of Tesla like you are paying for that because if there wasn't half a billion dollars of stock-based compensation every quarter, well I mean you could argue that maybe the company wouldn't expand its R&D or whatever as well.
Uh, but you know, if sales were to Hold Steady the stock value should be higher without that sort of dilutive. Uh, but anyway, you could see the dance we playing over here literally the entire time I've been filming this video. We've been playing this dance over here and I expect it to continue so we'll see what happens. anyway.
thank you so much! That's my take on the bird drama. I mean the Elon drama. Appreciate yall and uh, thank you appreciate you being here. We'll see you in the next one.
Goodbye, 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. Go 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.
It is not tax, legal or otherwise personalized advice tailored to you. This video provides generalized perspective information and commentary. Any thirdparty content I show should not be deemed endorsed by me. This video is not and shall never be deemed reasonably sufficient information for the purpose of evaluating a security or investment decision.
Any links or promoted products are either paid affiliations or products or Services which we may benefit from I Personally operate and actively manage ETF and hold long positions in various Securities potentially including those mentioned in this video. However, I have no relationship to any issuers other than house Act nor Am I presently acting as a market maker.
Elon has been off since buying Twitter. Sell the bird.
The problem with the tech argument is that nothing is a finished product with tech profit margins. Tesla is relying on auto sales, and the margins are taking a beating. Elon's own comments on the reasons for this define a cyclical stock NOT tech. Might be better optics if the worlds richest man did something for investors before asking for another $60B. Trying to dress it up in altruism isn't going to wash. Tesla is by no means the only company working on AI.
Back on Earth, BYD is outselling Tesla AND BYD's net income, eps, and profit margin are all up while Tesla's are all down. Tesla just slashed price yet AGAIN – this time in Europe. As much as it pains me to say it, Zuck got Meta back up near ATH. Elon can't get it up. Tesla suffers from Elon dysfunction.
elon trying to make up for twitter loss
as a Tesla share holder
– we do NOT want Tesla doing any A.I. projects
– Please remove Elon Musk as CEO and force him to sell all his shares
– we will be voting against him in all Share Holder online voting meetings…
– his already the richest man in the world so he does not need more shares that will make him the first trillionaire
– We want Tesla to stop making Auto-Pilot and Optimus bot, as they are both unneeded- have nothing to do with the companies goals to accelerate renewable energy and save the world from climate change
Amazing…the world does not stop because some idiot opens a law suit…get Elon his plan now!
Well put Kevin … but… when does the torture stop for shareholders 🔥🫠🔥
👌
Why won’t Elon come on your show? so you guys can have it out. 😂 These are extremely valuable, (which could be why?) legit and very important questions that I feel like need to be answered by the man himself.
Or they try to take his company and it becomes a bloody civil war where Elon ultimately leaves with their best engineers.
There are still so many things they need to work on and develop regarding better charging and charge hold. Several technologies that already exist should be integrated into their vehicles to add extra range and ensure more dependability, specially in extreme cold weather. I know of four ideas that could add charging while driving using the paint, the glass, wind and gas/propane. I have spoken of those several times over the last 5+ years and have attempted to write Elon about them with no success, can't get through. These would propel the stock to new highs, I am certain.
Today's price action and close have set a new higher low and support as well as the beginning of a new leg, the last leg up, on an inverted HeadAndShoulders. Over the next few weeks we should reach anywhere between 250-300$.
Elon level of manipulation is epic. He is the one selling his shares from the top to buy Twitter. After spectacular fuk up, now he wants stock going down so he can buy back his shares for cheap.
Elon is right. New step requires new compensation plan
Really liked this video and breakdown of the psychology. I was about to panic sell lol
Elon musk just running pump and dumps as usual.
Thanks for the clarity & analysis. I bought more but was nervous about a potential fallout.
IF Elon wants to make sure the board/shareholders don't out vote him then stop giving them reasons to. 25% doesn't beat 75%. Ask trump whose 43% didn't beat biden's 57%.
Musk is like Trump with his cult following and everything. Just leave man!
If you read his biography you know he’s not being greedy, sleezy, dramatic or jealous (of MZ). He is genuinely concerned. Give him the 25%. I know I would feel much safer.
Less than 1% in probability but if happens can be 90% loss
Elons options allow him to buy shares at 6 dollars a share.
f he didn't sell his shares to buy twitter, he would have 25% control he wants. He is acting like kid who never grows up.
Owning Tesla looks like pulling teeth this next year, good luck. It sounds like the shenanigans are just beginning.
Elon Musk made the comments to trick short sellers ? That’s a horrible take . The guy wants control of the company and he’s using his platform to put pressure on the board.
Yes, please leave Elon !!!
LOL! Dream on!!!
I am fine with giving Elon the boot already! He is definitely more of a liability at this point. I am sure there are better CEOs for Tesla out there. FO Elon!!!!!!
–
Maybe he shouldn’t have sold to buy Twitter then,
PAY THE MAN
it's pretty standard for founders to have super voting shares, heads of Google, Facebook, Snapchat, Uber all do. This would keep him at the same equity.
I hope the fus goes for another 4 weeks until I get my bonus
I sold today.
Stop deleting my comment you bastard. I pay attention.
Elon wouldn’t know fiduciary duty if it fudged him in the ash