Elon Musk and Cathie Wood discuss the future of electric vehicles, Tesla's performance, and the potential for Tesla's full self-driving technology to generate significant revenue and market dominance
Questions to inspire discussion
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What is the future of electric vehicles?
—The cost of electric vehicles is expected to be cut in half in the next 5 years, making them more affordable and likely to dominate the market.
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What are Elon Musk's plans for Tesla's autonomous driving?
—Elon Musk discusses Tesla's plans to accelerate EV volumes and increase automotive margins despite concerns about interest rates and consumer confidence.
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What is the controversy surrounding Tesla's full self-driving technology?
—Elon Musk accuses Gordon Johnson of promoting Tesla as a stock pump and questions his belief in his own bearish narrative.
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What is the potential revenue from Tesla's Full Self-Driving licensing?
—Elon Musk predicts that Tesla's earnings from Full Self-Driving licensing will surpass its auto business earnings, despite skepticism from some.
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What is the speaker's recommendation for financial investment?
—The speaker recommends selling Tesla stock and investing in Nikola instead due to Tesla's lack of AI and autonomy.
Key Insights
- 🚗 The potential for electric vehicles to become significantly cheaper could lead to a shift in consumer preference away from traditional ICE vehicles.
- 💥 Elon Musk is not afraid to counter punch and call out those who criticize him, even if it's a public figure like Cathie Wood.
- 🚗 People are starting to think about Tesla again as a car company, despite previous perceptions of it being a tech or AI company.
- 🚗 Tesla's full self-driving mode is becoming more aggressive and less cautious, showing the software's increasing confidence and capability.
- ⚡️ He believes that the average EV will be in the $20,000 to $25,000 range, making them more affordable than gas-powered cars in the near future.
- 🚗 Tesla has demonstrated a history of driving costs down and has unveiled their next generation manufacturing system, making electric vehicles more affordable and accessible.
- 🚗 Every car in the future will be self-driving and electric, with Tesla as the world leader in electric vehicle sales, positioning them as the overwhelming benefactor as robot cars eat the auto market.
- 📈 The financial implications of FSD licensing earnings exceeding Tesla's auto business earnings are enormous.
#Tesla
Clips
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00:00 🚗 Elon Musk and Cathie Wood discuss electric vehicle market competition and affordability, with Musk defending Tesla's performance and dismissing criticism.
- Elon Musk and Cathie Wood discuss economic weakness and competition in the electric vehicle market, with Tesla continuing to cut prices and facing pressure from other car manufacturers.
- In the next 5 years, the cost of electric vehicles is expected to be cut in half, making them more affordable and likely to dominate the market.
- Loyal customers and engineers may benefit from a potential winner company, while Cathy's controversial suggestions about consumer behavior and electric vehicle purchases are false and she suggests replacing Tesla's board of directors.
- Elon Musk is being blamed for Tesla's inability to sell cars, with the speaker criticizing the idea that economic factors are to blame.
- Elon Musk responds to criticism and defends Tesla's performance, while also dismissing the opinions of others.
- Elon Musk discusses Tesla's plans to accelerate EV volumes and increase automotive margins despite concerns about interest rates and consumer confidence.
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06:03 🚀 Elon Musk accuses Tesla critics of promoting stock pump, leaves host speechless with refusal to share autonomous driving information.
- Elon Musk discusses Tesla's autonomous driving not being AI and suggests it's a stock pump.
- Elon Musk accuses Gordon Johnson of promoting Tesla as a stock pump and questions his belief in his own bearish narrative.
- Gordon Johnson suggests that Tesla is an AI, but Elon Musk refuses to share his experts' information, leaving the host speechless.
- Elon Musk's departure from a conversation left the host speechless, and there was speculation about the authenticity of the video.
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09:32 🚀 Tesla's focus on robo taxi and AI, confidence in full self-driving, future of electric car sales, cost declines in EV manufacturing, and discussions on profitability and AI potential.
- The company's valuation depends on its ability to become a robo taxi and AI company, reflecting the convergence of technologies.
- Tesla's full self-driving mode is becoming more precise and aggressive, showing the company's confidence in its software and decision-making capabilities, signaling a bullish future for robotics and energy storage technologies.
- In the future, 75-85% of car sales in the US will be electric, despite the current pullback in EV adoption, and the average EV will be in the $20-25,000 range in 5 years.
- Tesla has demonstrated a history of driving down costs and has unveiled a next generation manufacturing system, leading to inevitable cost declines in electric vehicles as companies learn to manufacture at scale and innovate in manufacturing.
- Elon Musk discusses Tesla's profitability and price cuts, Cathy Wood's views on AI, and the potential value of Nvidia and Tesla in the future.
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15:09 🚀 Elon Musk leaves host speechless with $2,000 stock price comment, Cathie Wood predicts Tesla stock will be worth 10 times its current value in 5 years, stock market value not determined by stock price.
- Elon Musk's comment on a $2,000 stock price left Andrew speechless and he quickly changed the subject.
- Kathy Wood predicts that Tesla stock will be worth 10 times its current value in 5 years, despite the speaker's skepticism.
- The stock market is just the buying and selling activity of all participants, and the value of a company is not determined by the stock price.
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17:47 🚀 Elon Musk predicts every car will be self-driving and electric, hints at licensing Tesla's FSD technology to other car companies, and predicts FSD earnings will surpass auto business earnings.
- Tesla stock value is not reflective of the company's worth, and Elon Musk predicts that every car will be self-driving and electric in the future.
- Elon Musk hints at licensing Tesla's FSD technology to other car companies, with Ford likely to be the first US company to do so.
- Elon Musk predicts that Tesla's earnings from Full Self-Driving licensing will surpass its auto business earnings, despite skepticism from some.
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21:00 💡 Tesla's FSD licensing could generate significant revenue, leading to market dominance, high margin recurring revenue from fleet ownership, and potential for Tesla to take a cut of every mile driven, prompting the speaker to sell Tesla stock and invest in Nikola instead.
- Join patreon at the investor level to download a valuation model for Tesla's FSD licensing, which could potentially generate significant revenue for the company.
- Tesla's plan to have electric and self-driving vehicles in the future will result in significant financial gains and market dominance.
- The speaker discusses the high margin recurring revenue from fleet ownership and the potential for Tesla to take a cut of every mile driven, leading to their decision to sell Tesla stock and invest in Nikola instead due to Tesla's lack of AI and autonomy.
- 27:11 🚫 Elon addresses negative comments and skepticism, encourages people to try his product and offers a money-back guarantee.
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Duration: 0:28:17
Publication Date: 2024-04-05T07:39:05Z
WatchUrl: https://www.youtube.com/watch?v=56lb_t8dmfU
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