Tom what do you think of tesla's q2 financials coming out today at the the end of the day. Well here's a six word answer for you i not give less did he just say that yes he did and it's not because he or i or whom hates tesla. I love tesla it's not because the stock is garbage because i absolutely don't think that and it's also not because i think that q2 financials are not important because they are but i think everybody's getting confused with this whole idea people are out there running around like headless chickens. Trying to get a little bit of an edge today just to scratch a few more percent by trying to time the market.

The market. The market based on what the q2 financials are going to tell you now that's nothing more than gambling. Absolutely there is no way to know what's in those financials without insider trading. Which of course.

I don't advise you actually engaged in also there's absolutely no way to know what the stock market reaction is going to be to whatever is in those financials. The finances can be great. The stock market can crash and vice versa. It's a tesla stock has a lot of retail participation.

It's very volatile trading. The stock around earnings is a bad idea you may win some a long term. It's impossible to consistently get it right that's why i'm staying the away not coming in anywhere near it now look q2 financials. They matter they met a lot it shows you where the company is headed it shows you the good stuff the bad stuff you want to see the margins the profitability.

The balance sheet. If there's problems you want to try and identify where it's coming from with this china supply chains all of that matters. But you have to take it in context. My guy.

It's one quarter out of 40 quarters in which you're supposed to be in the company. So for me test is a generational investment right. I look at this as one quarter out of 40 quarters in which i'm going to spend with the company and obviously it matters. But it matters.

1. Divided by 40 it's not the be all and all like people trying to make it to be now obviously. There's a lot of really talented people who are breaking down these financials inside out rob maurer builds beautiful models dave lee stevie mark ryan. I mean there's a lot of like guys like gary black.

I mean there's a lot of smart people who can give you that information but look at the end of the day and here's the crazy part whether they're right or wrong and usually guys like rob and gary and dave and stephen mark ryan usually they write more often than the wrong it don't matter because even if the finances are terrific. There's absolutely no way to know how the stock market is going to react. It's absolutely gambling. You have a better chance of going to a casino and getting like a 48 odds on the roulette table whatever that may be now for me.

It's a very simple binary test. Which you need to ask yourself before you invest in a stock like tesla and obviously. None of this is financial advice. I'm not a financial advisor.

This is just my own personal opinion and how i look at things so here. It is binary test you either think that tesla is way too expensive at this p e ratio. Gotta help these people or you think that tesla is a generational opportunity because of its margins. Because of how it's shellacking.

The auto industry and because of what's happening in the entire auto category basically switching to eevee and this company. Having an edge. Whatever that may be both cases make sense tesla is not cheap. Obviously you're paying for a lot of future execution in tesla.

So a lot of people don't want that that's fine. I 100 agree with people who say hey for me. That's just too expensive. I don't want to pay for future success that much because it's not certain.

And it isn't nothing beyond death and taxes isn't certain the only thing. We know is we're all going to die one day. We're going to pay taxes right. Except a few companies that yeah.

I'm not gonna say which but you know. Which now here's the thing whether you know this as a certainty or not it don't matter the one thing that matters is where you are on the spectrum. If you're saying hey for me personally i'm pricing in execution. Which tesla have proven in the past to actually hit on mark.

So. If tesla is the kind of company that keeps executing and keeps doing the impossible. I'm ready to pay whatever the price may be to get in on that now because i assume that in one year and two years is going to be too expensive whether you're on that camp or you're in the camp or basically saying well tesla has a 300 stock. I don't want to buy it at 700 right now it's gonna be worth 700 in a year maybe if they execute.

This is where you should be looking at the company at the business and the company. Not at the stock. And whether you buy tesla. At.

650 700. 750. 800. It don't freaking matter.

It. Doesn't matter. Because. If you're a long term.

Investor. Tesla is either going to become a generational massive behemoth or it's not and it's going to be basically trash company. Either of these options can happen. And the fact.

That you bought. It. At. 650 700.

750. 800. Will not matter at all for your outcome. If it busts.

Then even if you bought it at 650. You basically screwed if it explodes. The fact that you bought it at 100 instead of 650 won't matter. See what i'm saying here.

If you're staying long term. Trying to find the perfect entry point. It's like trying to put a golf ball through him you know one of those little pigs and come on bro. It's absolutely pointless so that's my two sense about it i know it's not popular opinion everybody's trying to figure out what's gonna test the stock.

It is what it is be careful out there see you tomorrow.