00:00We can talk Tesla real quick.
00:01We've got about 10 minutes before the speech.
00:03No, we're not talking Tesla.
00:04I am getting messages left, right, and center.
00:06What are you doing with your Tesla?
00:08What are you doing with your Tesla?
00:09What are you doing with your Tesla?
00:11It's all, they're attacking me.
00:13It's the biggest position in my long-term portfolio.
00:16I have no trade on, all long-term.
00:19I've not sold a share.
00:20Now, again, part of me thinks, here's my thought process,
00:24is a lot of me thinks that this could be a disappointing event,
00:29that the stock could go down like 20 bucks on it.
00:32It's not a trade.
00:33If I had it on for a trade, I would sell it.
00:35If I had this on, and I was up 40 or 50 or 60 points,
00:39which I'm up 60 points, I believe, on it right now,
00:41and it was a trade, I would sell it.
00:44I don't think I'm going to sell any.
00:46Obviously, I haven't fully decided yet,
00:48but I'm leaning towards selling none.
00:51One, because it's in the long-term portfolio,
00:52and I believe in the long-term story here.
00:55But two, you know what?
00:56The setup here is a little bit more interesting
00:58than we're used to.
00:59It is up today, but there's been no run-up into this event, none.
01:04And I think that's because everybody is expecting a lot.
01:08Not everybody is a tough word,
01:10but a lot of people are expecting this to be a flop.
01:15A lot of people are saying, well, FSD isn't close.
01:17How are you coming out with a robo-taxi?
01:19So I think there's a lot of expectations
01:21that this is going to be a flop, and maybe it is.
01:23Maybe everybody's going to be right,
01:24and it's going to be a flop,
01:25and the stock's going to fall 10% today.
01:28It's possible.
01:29But if there's any hint that,
01:32ooh, we didn't think about that,
01:35you could see a rally in this
01:38because there has really been no run-up into the event.
01:41If this were a ran from 2.40 to-
01:43Okay, so there's been no run-up over the last week or so.
01:47The stock was at 180, 182 on August 5th,
01:52and it went to 260.
01:54So maybe you didn't get your immediate-
01:56You think the run already happened?
01:58Yeah, and now if you,
02:01and I don't know if there was earnings or whatever in there,
02:03you had a nice rally in the market.
02:05If you're just not holding on for the long-term like you are,
02:10then there has been a run-up.
02:12If you're playing this technically, fundamentally, Elon Muskingly,
02:17I mean, there has been a run-up.
02:19I'll just, I want to say two things.
02:21One, it's just all about 2.40 here,
02:23and I have no idea if it's going to zigzag,
02:26go to 260, but that's an area.
02:29If it holds a solid 2.40 bid,
02:31even if it breaks down to 220,
02:33comes back and holds 2.40,
02:36that's the level of that.
02:37And then the second thing,
02:38and I may be showing some of my ignorance here about the truck.
02:43Okay, but Dennis, what is like your truck?
02:47What's one of the primary reasons you have your truck?
02:51So what do you do?
02:52Do you take the sides off the Cybertruck to haul stuff?
02:55I have no idea.
02:57It's not built for, it's not like a pickup.
03:00They're trying to say it could be used as a pickup.
03:04So full disclosure, I will not get a Cybertruck.
03:07There's no way I'm going to get a Cybertruck.
03:08One, because it's $180,000 Canadian.
03:11That's what it is over here, $180,000, which is just insane.
03:15But we've got to remember,
03:17this isn't really about the Cybertruck here.
03:19This is about the RoboTaxi and full self-drive.
03:22I think a lot of people really do,
03:24like Shaq has one.
03:26The Cybertruck is actually doing quite well.
03:28People are saying it's not doing well.
03:30That is not the case.
03:31Their wait list is huge.
03:33They're trying to produce these things.
03:34They're actually selling these things.
03:36So it's not like, oh, they're all sitting on the lots
03:38and they're not selling.
03:39You can't even get them in Canada yet.
03:41There is a huge wait list here.
03:43So that's not, but that's such a small portion of the revenue.
03:46Right now, the main thing is with Tesla is it's still a car company,
03:51but they're working on so many other things.
03:53And a Cybertruck is not going to be like,
03:55oh, the Cybertruck is going to move the needle.
03:57What's going to move the needle is if they can solve FSD.
03:59What's going to move the needle is if they get a humanoid
04:02that actually can do stuff.
04:04The energy business is interesting,
04:05but you know what else is going to eventually move the needle?
04:08It's the semi.
04:10The semi truck is very interesting.
04:12And I don't, I just wonder a bit predicting it here.
04:16I wonder a bit if there isn't something about the semi truck
04:20and full self-drive today.
04:22And if they come out with full self-drive
04:25again, that's not going to be ready.
04:26FSD is not ready.
04:28But if they're hinting that they're looking at,
04:31starting almost like a shipping company at Tesla where FSD semi,
04:37I think the stock could rally on that.
04:39And I do think that they've been,
04:41we know that PepsiCo has got a bunch of them.
04:43The semis are out there.
04:44They're obviously not FSD yet,
04:46but just imagine the possibilities.
04:49If you were to get a full self-drive semi,
04:52that is a game changer.
04:54And that is a needle mover.
04:56So if there's a hint of that coming,
04:59like, you know, and again,
05:00Musk's timelines are always too aggressive
05:03and we know it's probably going to be aggressive again.
05:05But if there is a hint of an FSD semi,
05:08that could be something the stock could rally on.
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