Tesla shares up after Elon Musk says he is set for victory in $56 billion pay vote, California's $22 minimum wage backfires, and Are 4-day work weeks a good idea?

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.6 • 1.3K Ratings

🗓️ 25 June 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #2765, we discuss Elon Musk's brand power and influence – shareholders voted in favor of Musk receiving his $56 billion pay package. We also talk about the impact of minimum wage laws in California, where fast food chains have cut jobs and raised prices in response to the $22 minimum wage. Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT) TIME-STAMPED SHOW NOTES: (00:00) Today's topic: Tesla shares up on Musk's $56B pay vote, California's $22 minimum wage backfires, and more (01:00) Tesla shares up after Elon Musk says he is set for victory in $56 billion pay vote (04:29) California's $22 minimum wage backfires (16:16) Are 4-day work weeks a good idea? (18:13) That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

Click on a timestamp to play from that location

0:00.0	Tesla shares are up after Elon says that he has set for victory for his 56 billion dollar pay vote and technically they approved it.
0:10.5	Although there could be legal ramifications, but what's interesting is his brand power is so strong,
0:18.0	the company is spending 50 plus billion dollars, which is costing of course the company money, but the stock went up because of his quote-unquote
0:27.0	brand power, star power, of course he's brilliant and smart.
0:32.8	But it's kind of crazy to think about that the power of his brand can actually cause a
0:37.2	stock to go up when they're spending $50 billion.
0:41.2	To your point, there's still legal hurdles he needs to get through, but the fact that everyone
0:46.0	voted, the shareholders voted that he should get paid his money, that just goes to show that,
0:50.8	hey, look, guys, a contract was signed already and he fulfilled his obligations
0:55.3	and the legal system shouldn't shouldn't get involved there right so hopefully that all blows
1:00.0	over and and he gets paid I do believe he gets paid because what was the bet the bet was hey
1:05.2	you're going to take this company to a trillion dollar valuation is coming that's about to die
1:09.4	and he delivered on what he said he was going to do and, and to your point, yes, you know, he, by the way, whenever he posed something,
1:19.0	how many followers does he have now on X, 200 million, something like like that right? It's something large. I'm actually trying to look it up right now. I'm going on X. He has
1:39.4	187. That's a lot. Yep. And by the way, like if you look at his tweets, it's not like this guy's messing around. Sure, he says some things that are maybe people might not agree with, but look,
1:43.6	I'm just looking at his feet right now. He's talking about robot taxis. He's talking about
1:46.8	optimists, these robots that will take them to a 20, 30 trillion dollar market cap, right?
1:51.8	He's constantly delivering, he's constantly building. $20 trillion market cap, right?
1:52.6	He's constantly delivering, he's constantly building,
1:54.9	and that's why he was able to rally.
1:56.7	I mean, that's why people rallied around him.
1:58.1	He didn't even need to really rally people for him.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Eric Siu and Neil Patel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Eric Siu and Neil Patel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.