4.2 • 365 Ratings
🗓️ 25 April 2025
⏱️ 32 minutes
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0:00.0 | This episode is brought to you by Affinity, the most trusted CRM for private capital. |
0:16.9 | Well, I'm here just for the vibes. That's it. No business talk. Because really what I found is that, especially with covering Tesla and looking at how the stock market reacted to like a 71% decrease in its profits and yet stock going up, it is vibes. It's just all vibes. |
0:36.2 | Yeah, I felt like I was going insane because I remember seeing |
0:38.5 | the first wave of sort of posts where they were just like, oh my God, like this is like a brutal, |
0:42.3 | brutal quarter for Tesla and then immediately going to like Yahoo Finance and then seeing that |
0:46.3 | the stock was up and it was so confusing. Yeah. So if you look at the fundamentals of the present |
0:52.9 | business, 71% you know% down on profits. You look at |
0:58.5 | automotive revenues down year over year. Energy business actually kind of did okay. It grew, |
1:05.2 | but it's small. And also, by the way, like the most vulnerable to tariffs. So we'll see how that goes. |
1:12.1 | And the stock market reacted to the, you know, put your galaxy brain on the future. |
1:18.5 | So Elon saying, hey, I'm going to step back from Doge. |
1:23.1 | Hey, I'm going to allocate more time to Tesla. |
1:26.3 | And AI, AI, AI, AI, Cybercab, Robotoxy, cheaper |
1:31.4 | EV models. |
1:32.2 | Of course. |
1:32.6 | None of these things that actually are commercial yet, but yeah, like, you know, vibes. |
1:38.0 | And this is that what was so interesting to me. |
1:41.4 | So the market reacted and a lot of media paid attention to how Elon was |
1:45.9 | like stepping back from Doge. But he also said he was willing to stick around through the entire |
1:52.4 | Trump administration, which is new. That's actually an escalation of commitment. I mean, |
1:57.4 | we'll see if he actually does it. TBD. The part that I think investors were reacting to was he said, you know, I'll be stepping back in some way. |
2:07.2 | But right, he also said he's going to stick around with the administration. |
... |
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