00:00 You know, we can't go far without talking about Elon.
00:02 Elon Musk's Tesla AI vision.
00:05 Tesla's visionary CEO, Elon Musk,
00:08 is making bold predictions yet again.
00:10 Musk envisions a future with around 10 million
00:13 AI-trained cars on the road,
00:16 with already over 4 million capable of AI training.
00:20 Musk emphasized the power of cameras in AI development,
00:24 enabling what he calls superhuman driving.
00:27 Despite acknowledging the challenges,
00:29 he stressed Tesla's edge
00:32 due to its extensive fleet on the road.
00:35 Can Tesla get the AI lift today?
00:38 - Well, it is.
00:40 It's not just can it, it is getting the AI lift here today.
00:43 So, I mean, you look here, obviously,
00:47 market likes what Elon Musk says.
00:51 I always take it with a grain of salt
00:53 because we know he has huge expectations for his company.
00:57 He shoots his mouth off more than he ought,
00:59 but I don't know, technicals don't look that bad.
01:02 I actually do have a position on it
01:04 and I've got it hedged up with XLY though, so.
01:07 - Busted up above 240.
01:10 I mean, 240, it kept a lid on this thing.
01:12 You're busting out out of it, right?
01:14 Even 239 was a high.
01:16 So if they can defend 240 here,
01:18 make some lows on top of these highs, then yeah.
01:23 You know, maybe move up 250, 260.
01:25 If they came in, they sell this thing
01:27 and can't get it back down under 240,
01:30 then, or if they do get it back down under 240,
01:33 then it's just another fade.
01:35 The other thing too, though,
01:36 that would get me less apt to fade,
01:39 this is the way the market's moving right now.
01:42 The S&P, this is a big component of the S&P 500
01:45 and it has momentum, it's back.
01:47 And if you're buying the, if the S&Ps are going up,
01:51 it's a big stock in the index,
01:52 they're gonna be buying along with it.
01:54 So as long as the S&Ps keep chugging along
01:57 in an area of very limited resistance,
01:59 then let it have its way.
02:01 As far as having 10 million cars on the road
02:03 with super driving, I mean, I don't know about that.
02:07 - This is his visions though.
02:09 And you know what?
02:09 He does work hard at his visions.
02:12 And this is what shareholders wanna hear.
02:14 They wanna hear where the next revenue streams coming.
02:17 They know they pay up, you know,
02:18 from valuation perspective, they wanna hear this stuff.
02:21 They wanna hear that Tesla is going to be the next Uber.
02:24 They wanna hear all this stuff.
02:25 So he tells them what they wanna hear.
02:27 I think it's just, you know, his real, you know,
02:29 it's like, is he gonna be there next week?
02:31 You know, full autonomous next year
02:33 that he was saying in the David Faber interview.
02:35 He sets very lofty expectations for himself.
02:39 Sometimes he doesn't meet those.
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