Tesla's Victory Over VW: Cathie and Elon's Meeting Sparks Industry Shift

Tesla is poised to lead the future of autonomous vehicles and the electric car market, with the potential for the Model Y to become the best-selling vehicle and the end of legacy auto manufacturers on the horizon

Questions to inspire discussion

• What is the speaker's background and expertise?

  —The speaker has a background in mechanical electrical engineering and worked in the oil industry before transitioning to focusing on technology and investing.

• What is the speaker's prediction for Tesla stock?

  —The speaker predicts that Tesla stock will reach $300 by the end of the year, citing macroeconomic factors and the Federal Reserve's actions as reasons for their confidence in the prediction.

• What is the focus of Tesla's production in the coming years?

  —Tesla is expected to focus on ramping up production of the Cybertruck, with potential deliveries to customers next year, and is also working on scaling and training from a bot perspective.

• What is the impact of Tesla's success on legacy auto manufacturers?

  —Legacy auto manufacturers are capitulating to Tesla's dominance in the electric vehicle market, with VW cutting investments and laying off employees, signaling the end for traditional car companies.

• What is the speaker's opinion on mainstream media's coverage of Tesla?

  —The speaker criticizes mainstream media for focusing on negative news and lacking real reporting and research, while smaller YouTube channels are gaining more views and credibility.

Key Insights

• 🚗 Discovering the potential of autonomous vehicles led to the belief that Tesla and Elon Musk were the only ones capable of leading the future in this field.
• 📈 "I think they'll probably be at about 100,000 by the end of 2024 run rate are 100,000 out."
• 📈 2025 is when things are really going to start happening for Tesla.
• 🚗 The Model Y is on track to become the best-selling vehicle in 2023, despite market saturation concerns.
• 🎙️ Cathy Wood is going to interview Elon on Spaces later this week and she's asking for the community to provide her with questions - this should be classic.
• 🚗 VW's decision to adopt the North American charging standard and access Tesla superchargers is a major win for Tesla and a blow to other automakers.
• 🎩 The end is coming for Legacy auto manufacturers, it's just so blatantly obvious to me.
• 🔍 Pay attention to innovation and change the world, and lean into the people who keep being successful and right.

#Tesla #Investment

Clips

• 00:00 🚗 Nicholas introduces himself as the new co-host for good news Tuesday, with a background in engineering and a passion for investing in Tesla, discussing the company's impact.
  • Nicholas is introduced as the new co-host for good news Tuesday, with a brief background and discussion of market news.
  • The speaker has a background in mechanical electrical engineering and worked in the oil industry, but eventually transitioned to focusing on technology.
  • Investing has been a passion since childhood, started with Apple, then Amazon, and now all in on Tesla.
  • The speaker started a YouTube channel to document their investment journey and share their interest in Tesla, aiming to leave a video memoir for their future kids.
  • Person discusses their experience riding in a Tesla and how it led to a realization of the company's impact.
• 05:35 🚗 Tesla's success leads to Volkswagen's surrender, and there will be a meeting between Cathie and Elon.
  • The speaker discusses their admiration for Steve Jobs and their growing admiration for Elon Musk, and how they were influenced by their design and customer experience philosophies.
  • Elon Musk's minimalist approach and focus on decluttering align with the design ethos of Tesla and Apple.
  • The speaker discusses their journey of discovering and investing in technology, leading them to believe that Tesla and Elon Musk are the future of autonomous vehicles.
  • Tesla's success leads to Volkswagen's surrender, and there will be a meeting between Cathie and Elon.
• 10:02 📈 Tesla stock predicted to reach $300 by end of year due to macroeconomic factors and Federal Reserve actions, with speculation on CPI, inflation, FED influence, and resistance attempts.
  • The speaker predicts Tesla stock will reach 300 by the end of the year, acknowledging it's speculation but still confident in the prediction.
  • Tesla's stock should reach $300 by the end of the year due to macroeconomic factors and the Federal Reserve's actions.
  • CPI drops, inflation drops, FED stays higher, tightening more, bullish day when numbers come out, Tesla stock went up, great numbers, Tesla undervalued, resistance attempts to break out, weird time, people starting to take vacation, volume starting to come down.
  • The FED speakers play a constant game of trying to sound dovish or hawkish, and the FED can be influenced by political powers, making it difficult for them to win.
• 14:55 🚗 Tesla and VW are discussing production numbers for next year, with a focus on cyber trucks, Bots, and total cars, and Tesla is expected to reach a production rate of 100,000 Cybertrucks by the end of 2024, with potential deliveries to customers next year.
  • Tesla and VW are discussing production numbers for next year, with a focus on cyber trucks, Bots, and total cars.
  • Tesla is expected to reach a production rate of 100,000 Cybertrucks by the end of 2024, and despite initial challenges, they have ironed out their production process and are expected to ramp up smoothly.
  • Tesla is expected to ramp up production of the cybertruck, with potential deliveries to customers next year, but the current bot model is unlikely to be sold and a new iteration is expected.
  • Tesla will focus on learning how to scale and train from a bot perspective in 2024, and in 2025, they expect significant progress in manufacturing and production numbers.
  • Tesla's stock predictions are discussed, with the argument that the company will continue to grow and be successful despite skepticism, similar to the success of the iPhone.
  • In 4 years, inflation has been conquered, rates are coming down, and Tesla is expanding into the India market, while China is focused on boosting its economy.
• 22:17 🚗 VW capitulates to Tesla's dominance, adopting North American charging standard in 2025, while Kathy Wood plans to interview Elon Musk and mainstream media overlooks the significance of the Tesla Bot.
  • Kathy Wood is going to interview Elon Musk on Spaces and is asking for community questions, which could be a classic interview.
  • The speaker discusses the upcoming interview with Kathy Wood and hopes that she will ask more nuanced questions and not let Elon go on tangents.
  • VW will adopt the North American charging standard in 2025, allowing their customers to access Tesla superchargers, leaving only stellantis as the last major automaker not using Tesla superchargers.
  • Legacy auto manufacturers are capitulating to Tesla's dominance in the electric vehicle market, with VW cutting investments and laying off employees, signaling the end for traditional car companies.
  • Mainstream media and the investing class are not understanding or acknowledging the significance of the Tesla Bot, possibly due to the decline of their type of business.
  • Mainstream media is focused on negative news and lacks real reporting and research, while smaller YouTube channels are gaining more views and credibility.
• 30:41 🚀 Tesla's advancements are being acknowledged, with stock expected to reach 300 and potentially surpass its all-time high, while the importance of innovation and research is emphasized.
  • Skepticism about Tesla's advancements with Optimus is understandable, but mainstream media's skepticism seems to be based on lack of research rather than actual knowledge.
  • Elon Musk's advanced bot is being acknowledged as more advanced than other technologies, but there is a lack of understanding and research about its limitations and capabilities.
  • Pay attention to innovation and research, and invest in people who have a track record of being right and successful.
  • Tesla's stock is expected to reach 300 and potentially even surpass its all-time high of 410 by the end of the year.
  • The speaker bought a house thinking the market would change, but now believes the market is on the other side, with the only caution being that history may repeat itself.
  • The speaker discusses the financial crisis of 2008 and how some people saw it coming.
• 38:21 🚗 Tesla's success continues as VW surrenders, while Elon Musk's market predictions are proving accurate and there is caution about his sentiment on the upcoming earnings call.
  • Elon Musk's predictions about the market have been accurate, and there is caution about his sentiment on the upcoming earnings call.
  • Short-term interest rates may eventually rise higher than long-term rates due to a shift in population and investment behavior.
  • The speaker discusses the methods of mathematically projecting the PCE and how the market frequently gets it right.
  • Oil prices are being affected by the Suez Canal situation, with Brent increasing in price and natural gas also experiencing a rise.
  • Gold and the dollar are stable, Bitcoin is up, and the stock market is showing normal trends, with Tesla up 28 cents.
  • The speaker discusses the lack of tangible value in Bitcoin and the struggle to invest in it without a clear understanding of its future adoption and value.
• 46:52 📈 Market is expected to continue up to the end of the year with a lot of money coming off the sidelines and Tesla delivery numbers in January could be strong.

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