WEBVTT 1 00:00:00.420 --> 00:00:03.930 - Tesla has had a very interesting week this week. 2 00:00:03.930 --> 00:00:08.339 The highs of the Model Three performance revealed, the lows, 3 00:00:08.339 --> 00:00:11.310 very weird lows of the investor call. 4 00:00:11.310 --> 00:00:12.885 And since then, the stock 5 00:00:12.885 --> 00:00:16.050 has been sort of ticking back upward. 6 00:00:16.050 --> 00:00:18.900 So what happened and why? 7 00:00:18.900 --> 00:00:21.060 First up, we had the Model Three performance. 8 00:00:21.060 --> 00:00:24.180 Tesla knew its investor call was gonna be a little weird, 9 00:00:24.180 --> 00:00:25.890 so it dropped some smoke 10 00:00:25.890 --> 00:00:27.990 and mirrors a little earlier in the day. 11 00:00:27.990 --> 00:00:31.770 We got a 53-ish thousand dollar car 12 00:00:31.770 --> 00:00:34.020 with 510 horsepower 13 00:00:34.020 --> 00:00:37.462 and a zero to 60 time of 2.9 seconds. 14 00:00:37.462 --> 00:00:39.480 That's pretty quick, 15 00:00:39.480 --> 00:00:42.720 even as a motorcyclist, that's respectable. 16 00:00:42.720 --> 00:00:45.420 But that reveal wasn't enough 17 00:00:45.420 --> 00:00:49.110 to allay just how weird the investor call was. 18 00:00:49.110 --> 00:00:52.140 The through line of it was that Tesla is an AI 19 00:00:52.140 --> 00:00:55.200 and robotics company now, robo taxis, 20 00:00:55.200 --> 00:00:59.790 the optimist bipedal robot and solving autonomy. 21 00:00:59.790 --> 00:01:02.100 And he wants you to believe that too. 22 00:01:02.100 --> 00:01:04.260 If you are an investor in Tesla, he wants you 23 00:01:04.260 --> 00:01:08.250 to be fully on board with this solved autonomy dream. 24 00:01:08.250 --> 00:01:10.050 And if you're not on board with it. 25 00:01:10.050 --> 00:01:11.721 - [Speaker] If somebody doesn't believe 26 00:01:11.721 --> 00:01:12.925 Tesla's gonna solve autonomy, 27 00:01:12.925 --> 00:01:15.810 I think they should not be an investor in the company. 28 00:01:15.810 --> 00:01:20.160 - A super normal thing for the CEO of an automaker to say 29 00:01:20.160 --> 00:01:23.190 is to tell the investors to go away. 30 00:01:23.190 --> 00:01:24.600 And yet, as much as I say that 31 00:01:24.600 --> 00:01:27.420 with all the snark I'm allowed to on video, 32 00:01:27.420 --> 00:01:28.980 the investors ate it up. 33 00:01:28.980 --> 00:01:32.190 Since then, the stock has been pretty steadily climbing 34 00:01:32.190 --> 00:01:36.720 after a massive jump in after hours trading during the call. 35 00:01:36.720 --> 00:01:38.580 Whether the investors who don't buy 36 00:01:38.580 --> 00:01:42.300 into the solved autonomy dream are already out 37 00:01:42.300 --> 00:01:45.990 or whether people were sold on it, it worked. 38 00:01:45.990 --> 00:01:50.280 Tesla is gaining market cap as we speak. 39 00:01:50.280 --> 00:01:52.710 So what's next for Tesla right now? 40 00:01:52.710 --> 00:01:57.240 Well, the much touted Robotaxi is totally 100% 41 00:01:57.240 --> 00:02:00.451 definitely coming in August, fellow Leo. 42 00:02:00.451 --> 00:02:04.530 And after that, the rumors are still swirling 43 00:02:04.530 --> 00:02:07.260 around the $25,000 car. 44 00:02:07.260 --> 00:02:11.220 Folks on the call were a little non-committal as to when 45 00:02:11.220 --> 00:02:14.130 or whether it was actually coming. 46 00:02:14.130 --> 00:02:17.190 They only shifted the questions toward finding efficiencies 47 00:02:17.190 --> 00:02:19.260 in existing manufacturing lines 48 00:02:19.260 --> 00:02:21.870 to make current models cheaper 49 00:02:21.870 --> 00:02:25.320 rather than introducing a new car with cut rate features 50 00:02:25.320 --> 00:02:27.240 to actually hit that price point. 51 00:02:27.240 --> 00:02:31.860 Musk swears this car is coming and he's never lied. 52 00:02:31.860 --> 00:02:33.630 He's never lied. 53 00:02:33.630 --> 00:02:35.868 He's never lied, and he's never lied. 54 00:02:35.868 --> 00:02:37.073 He's never lied. 55 00:02:37.073 --> 00:02:38.340 For more on this and everything else with Tesla, 56 00:02:38.340 --> 00:02:40.383 keep your eyes peeled to Jalopnik.