00:00When you try to even look at this company, value this company, what are you valuing it at as an EV company or something maybe a little bit more lofty?
00:09Well, we break it into two parts, really. And we do own still well over about 80 million dollars worth of Tesla stock for our clients.
00:17And I personally still own the stock as well, just to start.
00:21But when you look at Tesla, you have your core business, the automotive, energy and such, and what that is worth and what we extrapolate out based off its earnings and its potential.
00:33That's probably worth about one hundred and fifty dollars a share currently.
00:36If you're looking at, let's say, two dollars in earnings, you know, and you're giving it a pretty big multiple there, 75, let's say.
00:42But then when you look at the rest of the stock price, it's 100 percent based off Elon or Hope on the new products, which is robotics and full self-driving.
00:53So, you know, when you look at the cab business and the robot business, that's about three hundred dollars a share of value there.
01:00So so it's really two parts. And a lot of it's built on what the potential is in the future versus what's the reality.
01:08There's been a lot of questions about as they sort of look to the future, the idea that they still need, obviously, whatever cash gets thrown off from the traditional EV business, if you will, here.
01:19Do you think there's enough of a bridge there, at least in terms of their focus?
01:24Yes and no. I mean, it's predicated on some time frame for robotics to actually be profitable for Tesla, which is the cyber cab and the robots.
01:33And our position is it's going to take a long time for them to make money in these businesses and and that they really should be focused on their core EV business, which is wildly profitable.
01:43And they still make what I consider the best cars in the world.
01:46And so, you know, the fact they're sort of poo pooing the fact that they make the best car EVs in the world and and really sort of letting that business sort of just falter, I think, is a strategic error personally, because I think if they focus more on selling cars over the next year or two to bridge the transition and try to repair the image of the company in consumers' minds,
02:06I think that would be a lot better use of their time during this transition to the future that Elon sees.
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