Transcription
[Music] Tesla could be close to revealing Gen 3 of their Optimus humanoid robot very soon. The prototypes that we've seen so far are not the design intended for mass production. Elon has confirmed that they have not shown that to us yet. He's calling the new V3 Optimus Sublime. Here's what we do know.
Along with some of the latest rumors, you can expect a sleeker design that's more capable. It's going to run Grock AI, uh, for voice and conversation. It might be able to handle thousands of useful tasks at launch and it could even go into mass production as soon as next year, at least according to Elon.
What we don't know is how much it can actually do without human help, how much it's going to cost, and if 2026 is at all realistic, or if that's just another Elon timeline fantasy with reality coming years later. Elon does seem to be fully back into work mode at Tesla, and, uh, he's way more into robots than cars at this point, even though Tesla just announced that they delivered more EVs last quarter than it has at any prior quarter ever. Elon says that Optimus will be more valuable than everything else Tesla does combined. Wall Street seems to like that story. Tesla's stock has nearly doubled in the past 6 months. And today on Dumb Money, we're going to tell you how we're playing Tesla and how Optimus Gen 3 could change everything. This is Dumb Money Live.
[Music]
>> Hey there, Dave here along with Chris and Jordan. We are Dumb Money. Welcome to Dumb Money Live. Quick reminder, if you don't mind, smash the like button for the almighty algorithm. It really does help other people find the show. Uh, Chris, Jordan, again, Tesla is my largest holding now that the stock has helped so much. And Chris, I know you've been holding off on going all in on Tesla with your leveraged play. You keep saying it's, it's, it's close. You've been waiting for Optimus to come closer to reality. So, inquiring minds want to know this morning. Is now that moment for you?
>> Well, you know, Optimus did come to reality, Optimus, too, and it sucked. Uh, but that, that aside, that's in the past, right? And that's been probably the, the, I guess, disappointing story of 2025.
>> But Optimus 2 was, it's, it's a prototype. It's not. And Optimus 2.5, which we've also seen, is a prototype. So, we, we, we don't know yet what Optimus 3 is going to be.
>> Cool. Correct. And that's what the story lines is all about, right? Um, you know, Tesla had massive first mover advantage here. This is what we've been talking about for two and a half years as it relates to generalized robotics and humanoids specifically. And we had a pretty big thesis we put out a couple years ago that, uh, this could easily be a $10 trillion dollar sector of Tesla, um, if the company simply executes. Over the course of that period, Elon got aggressively involved in politics as we all know. He got spread really thin. He was massively distracted over the past year. And I think the one division that paid the price for that more than anything else was Optimus, which of course we now know, as we said two years ago, is the only division that really, really matters long term. And Elon has come out himself and said it's what, 80% of the value of Tesla will be Optimus. So, uh, very disappointed in the progress of Optimus 2. Uh, we were aware of some of the issues they've been having all year. The approach, uh, the aggressiveness into sim training alone that very few of us that are deep into this sector thought would work out for them, and it hasn't. So now Elon's back. Now Elon seems to not be distracted. Uh, Elon has essentially publicly come out and stated that the entire future of Tesla is pinned on the success of Optimus. Uh, we now know that going forward, auto sales are going to be a headwind for Tesla due, especially in the United States, due to the headwinds of, uh, not having a tax, uh, rebate, right? They lost that $7,500 tax rebate. So they had a huge quarter, uh, in, in orders as we all expected. Maybe a little
>> a lot of that was because of the expiring of that EV tax credit. So
>> you, you, you're exactly correct. Now, they, they did finally start to see a bit of a turnaround in Europe, uh, where the, the tax credit does, is not applicable. So that, that's a slight positive. But, um, I think Elon knows he can no longer count on auto, and auto is more likely than not to be a negative, uh, storyline for the company going forward. Uh, even robo taxi. Um, I think we're, we're, we're seeing that the, you know, getting, getting to that last mile here on robo taxi might be six months, might be two years. In 6 months, still nobody knows. Um, as investors, we really can't count on it. But, uh, everything is oriented towards Optimus from this point forward. Everything is oriented towards Optimus. We know it. Elon knows it. The market now knows it. He's in a corner. Elon is in a corner. And the one piece of intel that I do have is that Elon has gone all in internally. Uh, he is spearheading the project himself now. It's probably part of the reason why we saw three of the most senior leaders on the Optimus team, uh, the head of Optimus AI, the head of hardware, and the head of their hand division all leave the company over the past few months because they probably were not game to sleep on the floor. Uh, you know, from now until whenever. Uh, but, but the company is laser focused on it. So if you take a look at the November 6th shareholder meeting invite, what do you see on the invite?
>> Dave, I said
>> I will show it to you if I can figure out where it is.
>> There it is.
>> There it is. Okay.
>> It is the, it is the as yet unrevealed, uh, V3. It has to be V3 that they've pixelated so that we can't see exactly what it looks like, but it looks pretty much like V2 and V2.5.
>> Definitely, uh, confirmation that they're going to be showing or talking about or perhaps revealing V3 at the shareholder event. I could say one thing with confidence and that I do not expect Tesla or Elon to be rolling out any form of V2 at the shareholder event. Uh, that is not a bot that he's proud of.
>> Any form of what? What didn't you just say?
>> Of Optimus V2 at the shareholder meeting. It's not a bot he's that, that bot is essentially
>> dead. Okay. So, the fact that he has a photograph, a digitized photograph of Optimus on the shareholder invite, uh, and the fact that I know that there's essentially zero chance he's rolling out some two or 2.5 tells me that Optimus 3 is highly likely to be revealed on November 6th. This is the pinnacle moment for Tesla. This might be the most important moment in the company's history on November 6th. Um, on November 6th, we will see what Elon believes will be the entire future of Tesla with Optimus 3. Um, there's been reports that he has been aligning supply chain for production in 2026. And this is where I want to state very clearly that there are two ways to look at this. There is reality and there's the Elon Tesla distortion field, which quite honestly matters more than anything else when it comes to Tesla. This is a, the, the concept of generalized robotics and humanoids. As much as I personally believe in it with 100% certainty, it is a blue sky sector that the world is still on the fence with. Okay, you cannot prove it or disprove it right now. What we do know is some of the biggest tech leaders in the world and some of the largest countries in the world, China, uh, have basically said they're going all in on this. This is the future of their country. Uh, we know that Zuck at Meta is building out a humanoid division. We know that Sam Altman at OpenAI is building out a humanoid division. We know that Apple is building out a humanoid division. We know that Amazon is building out a humanoid division. Uh, we've seen, uh, you know, we talk extensively about the partnerships that Google has, uh, with one of our favorite companies, Apptronik, to essentially go big into humanoids. So the, we've seen Jensen talk about humanoids being the biggest thing, uh, to happen in tech for the next, you know, 10 to 20 years, and it's about half of everything that he talks about at Nvidia. So this is potentially massive. This is potentially the biggest thing that we have ever seen in our lifetime. And Tesla is about to show its cards, we believe, on November 6th. So, uh, am I putting on my big trade to an extent? Yes. Do I believe that what he unveils on November 6th will be a truly scalable, production-ready, game-changing bot that is meaningfully more capable of what I'm seeing from other companies in the space? I don't know. I don't know. But the asymmetric risk-reward of not having a play on Tesla going into this event for me is insane. Like I have to be heavily invested in Tesla. it. I have to have chips on the table going into this event, even though I don't know if I believe in this bot yet, because I have to make an assumption that the presentation of Optimus 3 by Elon and his team. I would have to make an assumption that it will be a great presentation. I have to make an assumption that after Elon told us that this is 80% of the company, that this is the biggest thing that Tesla will ever do, that he is going to put on a show to attempt to make the world believe that this is the biggest thing ever. Right.
>> Well, I will remind you though, as as much as they like to put on a show, I feel like Tesla does a terrible job of putting that presentation together. I feel like every time they try to do a big event, it just falls flat. Whether
>> you think he's gonna throw like a metal Q ball at the robot again?
>> Just don't throw anything at it. Although it, he has basically said it's impossible to knock over. We've seen, uh, a the prototype version, uh, you know, being kicked and and things like that.
>> Yeah.
>> Dave, don't you think that maybe here they've learned enough from the prior Optimus events?
>> I, I would hope. I keep thinking that, but every time we see something, whether it's Battery Day or AI Day or, you know, a vehicle reveal, whatever it is, it always seems to be like the production, like the lighting, they, they just don't have, they just don't have their together. Like when he's on stage and with a microphone and they don't have a spotlight on him and it's like, okay, well, we can't see anything. And like, it's, it's like they, they need to hire Apple to do their events.
>> I, I completely agree with you there. Um, which is why in part I think there is downside, downside risk, holding through the event. I believe there is massive upside potential holding through the event. I, I think the risk-reward is somewhat asymmetrical. Um, the trade I like most is holding a position going into the event. How much of that position to hold through the event is a bit of a question mark. When to actually put that position on is also a bit of a question mark. How much of that position do you put on yesterday, today, Monday, next week? How much of that position do you wait until we get, you know, maybe a bit closer to the event when the hype cycle starts and the leaks start? Uh, let's just say this would be the first, let's say this is the first hype leak going into the event today with this episode, but I suspect that we will see a lot more of it as we get closer to November 6th. It's over a month away. And this is again, I think this is the most important moment in the company's history, at least for me as an investor.
>> I just wonder if as an investor, like you're getting in too late. I, I was in for the six months running up and doubling of Tesla stock. I did not have a leveraged, you know, crazy option play, but just stock, you know, is it, is it that this announcement and seeing this image was the, this is the, the dissemination of news, this is where as a social arb trader, you should be like closing your position.
>> So, so, so Dave, if we look at the last six months, well, first of all, for me, I would have lost a lot of money if I had all my money in Tesla last six months because my total portfolio is up a lot more than 100% the last six months.
>> Well, I'm saying if you had done a leveraged play.
>> If you had done options in addition to all the other crazy options you, you were winning.
>> Agreed. Agreed. So if you look at why Tesla's gone up over the past few months, we know the narrative, right? The narrative has mostly not been Optimus, right? There's a narrative around Elon leaving politics. There's a narrative around the, the, uh, the compensation package, right? The Elon Musk stock buy, I think was a big.
>> The stock buy was a huge moment.
>> Um, also, uh, you know, finally, we're getting some robo taxi rollout, even though it's not fully at, you know, it's not fully driverless yet. So there's been a lot of positive momentum around the stock, and then of course, the roll, I think everybody loaded into the stock knowing the numbers were going to be great, and then obviously sold off to some extent, uh, on the auto numbers this quarter.
>> Yep.
>> Last few days been down a little bit.
>> Yes. As it relates to Optimus, you know, the thesis on Optimus is if Optimus actually is as good as people think it might be. Um, if this sector is as big as people think it might be, we're talking about a, you know, a division of Tesla that is potentially worth trillions and trillions of dollars here, right? So there's certainly meaningful upside on the Optimus trade, but the market has to assess the degree to which they believe Elon and his team can truly be at the top of the food chain of generalized robotics and humanoids. That is still certainly a question mark right now. And November 6th is the company's chance to answer that question. Now, it's not necessarily like this is the end robot here for the next 10 years. It's, can they impress us enough on November 6th to make us believe that Tesla will be the number one, or worst case, number two generalized robotics company in the world when we're about to head into a deca-trillion dollar market of generalized robotics over the next 25 years.
>> Well, I think that's the question, right? Because you've got a company that has the scale to be able to scale up these humanoid robots. They've got the supply chain in place. They understand sourcing materials. They understand sourcing parts, batteries, CPUs, all these things, GPUs. They can, they can, they've got the logistics to actually handle, uh, a rollout like that. Do they have the tech?
>> They, they do. And, and Jordan, I, I've always said because obviously I work with a lot of investors in this sector, and they always ask me like, how many winners will there be and what will Tesla's role be? And I always tell them, listen, it's, it's Tesla's game to lose in terms of being a top three player in the space.
>> But I, I do believe that the majority of companies in the world are likely reluctant for various reasons, um, to go all in on just Tesla robots in terms of commercial and industrial use, right? For various reasons. Uh, some of them competitive if they're automotive manufacturers, right? Uh, some of them due to varying degrees of politics or not wanting to work with Elon for various reasons. I also believe in terms of the consumer space. Um, certainly you can make a strong argument that two-thirds of the world will never have a Tesla robot in their home for various reasons, right? Political, anti-Elon. So this will never be a sector where Elon takes all. That's just like an impossibility, especially when you have every major big tech player. I just still think it's way too early to worry about what consumers are going to do with robots when there's a huge industrial use for robots sitting right at the front.
>> No, you, you, you're right, Jordan, but there are two separate markets and each of them is in theory a multi-trillion to deca-trillion dollar market. So, so when, what we've seen over the past six, seven, eight years in capital markets is this massive pull forward that we never used to have, uh, in public equity investing, where you have companies and investors will actually pull forward earnings that are 10, 15 years down the road, right, in a sector. So that is just a reality of investing in public markets now that, listen, we still don't have robo taxi, and people were valuing Tesla 10 years ago on robo taxi that still doesn't exist today. It's still not generating essentially any revenue today, right? So, um, this is, in terms of size, massively larger than robo taxi, massively larger by Elon's own words, right? So if robo taxi can pull forward revenue from 10 years out that still hasn't happened, why wouldn't we pull forward revenue that's going to be in 2040 in the home, when if you could make a case that hundreds of millions of homes around the world will want to have robots and Tesla could be a leader in that space. So I think it's a really important perspective to have as investors when we start to look at, uh, this sector. So I am in a quandary here for myself. I have initiated a, a somewhat of a meaningful position, uh, in Tesla going into this event. I anticipate increasing the size of that position going into the event. I do not know how much of that position I want to hold through the event. Please don't anyone ask me what options are you buying? When are you exiting? I might exit the entire thing in 10 minutes. I just don't know. This is, this is a fluid situation. I'm continuing to surface new information on a daily basis. As you all know, it's a trade I've been preparing for for years. So, I don't know exactly how I'm going to trade it, but I wanted to share this with our community because we've been talking about it for years and I felt that I owed it to the community to say, "Hey, you've been waiting. You've been wanting to know. Well, this is the time. I, I feel like this is a pinnacle moment. There will be more than one moment. There, it's not, this is not the only moment for Optimus, but this is a very important pinnacle moment for Optimus and Tesla that I think is coming up on November 6th. In fact, I'm nearly positive is coming up on November 6th. So if you are, if you are like me trying to time this and trying to gauge this and prepare your mind to trade this because you really believe that AI-centric generalized humanoid robots are going to be a massive part of industry, uh, and retail and home use for the next 40 years. This is one of those moments in time where you have to just stop and really assess what's happening and put the chips, whatever, however many chips you want to put. Uh, you know, kind of put the chips where you think they should go. Um, it's a time to do your research and it's a time to think strategically, uh, and deeply about how you want to play this. And that's what today is all about.
>> Fair.
>> That's fair. And I, you know, as as much of my net worth is tied up in Tesla right now, I'm not sure I want to add additional exposure, even though this is that kind of trigger event that, that we've been waiting for. November 6th, 3 p.m. Central time, live from Texas, which I really would love to be there in person.
>> Are you applying?
>> Oh, of course.
>> I am, too. I'm going to do, I keep forgetting to do it, uh, because I have to like, uh, do it from my laptop. I got to upload some, some like PDF. It's very vague. I gotta, I guess you gotta upload a statement, an account, brokerage statement, basically, right? Showing that you own Tesla.
>> Uh, I feel like I've already proven that to them logged as a part of my account because I didn't have to do anything this time.
>> No, I'm, I'm almost positive you do, Dave. I, I read through the instructions and they want you to, if you read through the fine print, they want you to prove through a statement, a PDF that you have owned Tesla prior to no September 15th. I think they want to see a statement, uh, a September statement is what they want.
>> Is there like a minimum number of shares or like a percentage of your account?
>> No, just, just you have to be a shareholder of some sort.
>> You have to be a shareholder. I would love to go to this event. Now, the tickets are not transferable, all this stuff.
>> I would love to be at this event live, and I'm going to do everything I can to try to be there live.
>> I will watch it from the comfort of my living room.
>> Uh, yeah, we, we, we, we will, we will see. Um, th this is, this is a big deal though, guys. Uh, so I have been, as, as you guys know, um, I have been all in the last month on various humanoid projects, uh, as it relates to investing, assisting with funding. Um, there are so many exciting things happening in the sector. Um, I, I, I don't think this is like a big, you know, surprise necessarily. Your big three companies. Uh, I'm, I'm going to include a fourth now that I, I wasn't including all year, but I think I have to. Um, we, we've talked a lot about Tesla, Optimus, uh, Figure AI, and Apptronik as kind of the big three in the space that are actually building out supply chain-ready, scalable, uh, robotic platforms that have enough capital to actually also build all the things needed behind the scenes, the operating system, uh, the logistics, uh, the deployment of these bots into a commercial and industrial industry sectors. And, uh, all three of these companies, I think over the course of the next few months to next year will be kind of releasing their future generation scalable platforms. So we haven't really seen, I think we'll hopefully get to see on November 6th what the Tesla Optimus 3 looks like. Uh, I'm looking forward to seeing the Figure 3 bot. I know a handful of people who have seen it. I have not. Uh, and I'm looking forward to seeing that. Uh,
>> they closed their, uh, their last round, didn't they?
>> They, they closed their last round, I guess, over a billion dollars at the $38.5 billion pre-money.
>> They had some problems with that. Um,
>> yeah, they had some issues a few months ago when Fortune magazine came out with a hit piece, uh, related to their BMW relationship.
>> But, you know, they were able to pull it together and the bottom line is they have money and engineers. So like you need money, you need a lot of money, and you need good engineers. So, you know, they, they seem to have both. So, it's a company whether you love or hate Brett Adcock because he's a controversial CEO and Figure, you have to pay attention to them. And at least as of right now, you still need to rec, you need to recognize them as as one of the big three. Um, I'm going to add a fourth because, um, it started to become, you know, semi-public knowledge over the course of the past few weeks that 1X out of Norway, which is relocating the company to San Francisco. This is the really funky, you can call it like a soft robot. It's a robot that works off of tendon drives. So instead of having like traditional endo or exoskeleton that's made out of like metal and has regular actuators, they have more of a soft skin and they have actual tendons going throughout the robot. It's a highly controversial, uh, architecture for a generalized robot. Quite honestly, it's a robot that most of us have been laughing at the last
>> It's the one that looks like a a person wearing a suit.
>> Yes. But, uh, information is breaking that they are raising this round. It was in the press, so I'm not like, you know, sharing anything I shouldn't, but that they're raising like a billion dollars at a $10 billion post-money valuation. So, you know, my sources tell me that they actually really do have leads for that round. So at least the lead investors are real. I won't to kind of disclose what I know about that, but, uh, they actually have real lead investors. So, listen, I have no clue. I, I, I debate their architecture all the time in terms of their tendon drives. You know, I, I do this, you know, with guys like, you know, Scott Walter, my roboticist friend, and maybe he's watching today. Uh, but, but I don't know if it's a viable platform, but what I do know, I have a lot of opinions on it, but what I do know is now that it looks like they're getting some real money, uh, and so I, I kind of think you have to maybe include them now in that tier one, even though it's a highly speculative, controversial tier one, uh, generalized robotics company. So, we'll see. We'll see. I mean, it's exciting.
>> I would, I, I want one. I want one of every robot I've ever seen that. Yeah.
>> Do you know the weird thing about Neo about the 1X Neo is that I believe their game plan, which they've also, I think, publicly stated is to have like thousands of these in homes te getting trained. But do you know the way I think they're going to train them is what teleoperated humans? So see, like it's like having a stranger in your home because they can hear and see everything. And so like that's not the robot autonomously walking.
>> There is a 0% chance that that thing's gonna live in my home with me.
>> No% chance.
>> Me neither. Could you imagine, dude? That'd be crazy. But you know what, Jordan? There are plenty of crazy people that would absolutely be willing to have that in their home.
>> I, I don't care. Like, what doesn't bring it on. I let a random stranger teleoperate into my home.
>> I can't even, zero chance in my home. But
>> okay, so made a couple funny comments. I just want to. The one is that he said that, um,
>> he wants them to stop making them look like Jason, which I agree with.
>> Um, he wants, he wants the one from the Jetsons. I want Vicky the Small Wonder. That's, that's a robot that I want. Yes. Dave, Dave knows what I'm talking about. I just froze time.
>> Oh my goodness.
>> Um,
>> do you know, do you know why that the Small Wonder show, by the way, this totally unrelated, but it is robots. Um, you know why that show is not in reruns?
>> No.
>> Because the theme song was an actual song and they can't afford the rights to the theme song.
>> Oh, really? That
>> means a Small Wonder. Is that that song?
>> From a star.
>> Yeah, Dave, do you know what?
>> By the way, I love that show, too.
>> The episode of 90210 that I played on two characters, my famous double character episode that I was on,
>> that episode had a music rights issue. And when I look for it on the streaming, it's
>> they pulled it. They pulled it from streaming.
>> Gone.
>> Yeah.
>> Thank goodness I have the DVD. in my house.
>> Otherwise, nobody would believe me.
>> Did you know? Oh, by the way, 90210 news, I saw this on the Today Show this morning. I think it's like the 30th anniversary. They're re-releasing it all in like 4K resolution. They, they took all the old footage and and scanned it.
>> Gosh. But, but, but not the episodes they don't have the stupid music rights to. Like I, that is so upsetting to me. I can't believe you were two characters in the same episode. You were guy at beach pointing and you were a guy in back of restaurant getting mad at someone.
>> That was a featured extra role. Just the restaurant.
>> Feature.
>> Character. Just so you know, I controversial, but I, I potentially should have had a SAG card from that role there because they did feature me. You know the whole story. I don't have to repeat it here. It's, it's a big deal of my life. I, at that moment, it was the best moment of my life because you know how much I love 90210.
>> It was.
>> It was the biggest thing you'd ever done at that point in your life.
>> Yes, it was. Yes.
>> In the background.
>> It's still top five.
>> 90210 top five.
>> Um, okay. So anyway, so this is it. Uh, I like the risk-reward going into this event. I just don't know what the best entry point is. Does Tesla fall $50 or $60 more between now and then? I don't know. Um, but I do like the risk-reward of going into that event and I'm highly likely to hold a chunk of that position.
>> What's that date, Chris? Early November. Is it, uh,
>> what?
>> what's the date?
>> Sometime in early November.
>> November 6th.
>> November 6th. And then the big question after the event, we need to do a show right after the event because based on how, you know, me and other people that have studied this market every day, we're going to break down the robot, right? Like we're, we're going to assess how impressed we are. Um, not just based on your gut reaction of what you're seeing, but based on, you know, kind of our extraction of how we believe, you know, the changes they made in that bot, the changes they made to the bot, any kind of indication we have on an actual rollout strategy, that, you know, how are they going to actually sell this? Is it, is it to homes? Is it to business? Is it even going to happen next year, or is this a 2029 type, uh, product?
>> You know, what's interesting, Dave, I think like some of these companies have been pivoting to like home because it's harder to disprove home because you have a much longer runway, right? And, and so you don't have to show, uh, contracts for the home. And to some extent, you know, you could even pre-sell home orders. And Elon might try to do that and say like, "Look, we just sold $5 billion dollars of robots in, in, in orders that they could take seven years to deliver." You know, you know,
>> that's kind of like the Tesla game plan is pre-selling, pre, you know, put your $100 deposit, $500 deposit,
>> uh, and then it could be years before a product ever happens. Did that
>> we make that prediction first, right?
>> Well, I think that they will, they will take orders. It's probably not during the shareholder event, but they will take orders the day that they do a product reveal. They'll take orders and I, I think there's a great, uh, uh, betting market play on over and under two years from the date that they put that, uh, that pre-sale order form on the website.
>> Didn't some, haven't some people been waiting, put, put money down on the Roadster like seven years ago and are still waiting for? I'm pretty sure.
>> So I agree with Jordan here. Um, the RAS rate, robot as a service rate to deploy these to for commercial and industrial use is so high. Uh, it's kind of in the range of $100,000 per year per bot, believe it or not, because the bots are being priced based on their human equipment.
>> Yeah, that's the biggest thing. Yeah. You've got, you've got a rel, you can compare it relatively to human labor, right?
>> Um, yes.
>> And so if you come in under human labor, all-in costs, healthcare, you know, all these, all the factors, um, then it's, it's an easy mathematic decision to make.
>> Yes. And, and to for people that are listening to us for the first time talk about robots, a very brief robot investor 101 KPIs to be aware of. Um, hours between faults is probably one of the biggest KPIs. So what we want to know is how many hundreds or how many thousands of hours can the robot perform a commercial job without having a fault. The other KPI is the task completion rate. Is it 99.5%? 99.8%? Which is kind of where we want to see it for a human equivalent. Uh, what is the human equivalent, uh, task output speed? Right? Is it performing at at 80% of human speed, which is essentially the benchmark that a lot of these robot companies are trying to meet. Um, also what is the human-to-bot ratio? Meaning if you have a 100 bots working on a manufacturing line, how many humans need to be there to assist them or to manage them? If it's a 100 humans, one-to-one, that's not good economics obviously. So that's a question that if you were an investor and you're like looking to invest in a robot company, right? Or you want to know the answers to these questions because these are the KPI thresholds that need to be achieved before these bots can actually start scaling. So if you have a robot company telling you, "Hey, we're scaling robots." Okay, can you answer these questions for us? Because if you can't answer these questions for us, then you're just hyping. You're just hyping. Okay. So, until a company can answer those questions for me, I do not believe that they have a scalable robot platform. Okay? And I don't think Elon's going to answer any of those questions because quite honestly, most Tesla investors don't even know to ask them, and most analysts don't even know to ask them. But those are the questions that we eventually are going to want to ask. So, if you're a Wall Street analyst today watching this, take notes. Um, these are the questions you're eventually going to want to ask, uh, to assess the viability of the scaling of that robot platform. And so I don't think it matters on November 6th. I think November 6th is, can he impress us? Can he show us the future in a way that just didn't really work with Optimus 2? Um, so I, I don't think that, I don't think the, the bar is set quite that high for the November 6th shareholder meeting, which, as an investor, I kind of like that. Uh, because it means that there's a trade there. Uh, it, it's relatively easy, I think, for Elon to walk away from that event positively, uh, as it relates to, hey, this is a multi-trillion dollar industry that we're about to to to be a leader in. I don't, he just needs to show us that his team is capable and, you know, he's not going to tell us the truth right on any of the timelines. So, like
>> true. He, he just, he loves to put an a date out there that's completely unrealistic.
>> Yeah. Yeah. Um, by the way, a a comment, the Mark Ben, Optimus demo was a bust. It really was. Like I can't, I'm not even sure that he was supposed to show that video. That was Optimus 2.5, whatever. I, yeah, we, we better not see anything like that. If we see anything like that, let me state this very clearly. I think you could see a collapse in Tesla's stock. Okay, so, uh, if Optimus is ultimately a bust, watch out below because if Optimus does not perform, I don't even know what the floor is on Tesla stock. Quite honestly, we all know
>> that's what our car companies trade at, right? Maybe a little premium for their FSD,
>> a little premium for for a robo taxi if and when that eventually materializes, but certainly you can't make a case for it
>> uh, in the trillions of dollars. So, listen, that's a pragmatic, unbiased, uh, kind of take or perspective on Tesla and Optimus. I think the November 6th events, by the way, I think people are going to be talking a lot about his compensation package and stuff, but I, I think the most important piece as it relates to his comp package on November 6th, because that's like the final vote. Are they going to release is that day, do they release the results of the vote on November 6th? I think they might.
>> Um, they pro, if, if technically they can tabulate votes taken on site in addition to ones done online, I would think that they would. But, but Dave, this is why the meeting is so important because Elon's coming into this super controversial compensation vote, right? He has to prove to shareholders that Tesla is worth it, that they need him, right? All this stuff. And he's already told everyone this is our future. This is this is everything. He can't screw this up. So, I think as, I think as like an investor or a speculator, you do have to make an assumption that he's not going to screw up the event at least, right? Like I, for me, I, I like the risk-reward. I know you said he's screwed up so many events and he has.
>> But it's not a product launch event. This is a financial event and this will be, you know, he'll be on a stage with microphone, big room of people like we've seen this event happen before. This is they will have a demonstration just like when, you know, they, they gave factory tours. They've done all sorts of things. So they'll have, they'll have I, I would imagine they'll have V3 on display. They have
>> but it's not a product event.
>> I know it's not a product event, but I think that works in your favor because if it is a product event, the expectations are meaningfully higher, right? So because it's not a product event, his ability to demonstrate anything and just show it off in the best light, he gets to talk to the future. He gets to put out all these wild projections and then he gets to show you this thing that, again, we'll see. Um,
>> I do want to remind everybody that my favorite Tesla moment ever was people in Tesla in in, uh, Optimus suits.
>> Uh, that was amazing. Yes. Dancing around in Optimus suits.
>> Do, do you know what?
>> Um,
>> hey Random, which are this year is? Should we go with the orange or should we get the silver?
>> What are you talking about? The new I, I'm need to order my iPhone and I can't decide if I want orange because I always get the color, the special color of the year.
>> You obviously have to get orange. So, is that even like a
>> Yeah, the orange is dope.
>> Yeah, like that's not even a debate for now.
>> Um, by the way, I want to give, I want to give, uh, the Optimus team a little bit of credit here. I know everybody ripped on that event where they had Optimus walking around being teleoperated, mostly because the general public had expectations that were obscene, quite honestly. Do you understand how unbelievably challenging and impressive it was that Tesla actually had Optimus that close to people at that point in time?
>> Yeah. Multiple ones at a party in an unstructured environment at that point of time being teleoperated. Now, the voice was really bad. Like that, that piece of it was kind of embarrassing. They just shouldn't have had it talking period. But that was actually a really impressive moment for the sector that got ripped on simply because people's expectations were insane. Um, obviously they're being teleoperated. We didn't have autonomous training done at that point in time.
>> Like obviously. So again, you know, hopefully there's not that continued disconnect here.
>> Uh, but I think expectations going into an investor event, uh, a shareholder meeting should be appropriate this time.
>> Yeah. Yeah. Um, and I do like that that Tesla is down off of the, you know, off of the big auto number because it does kind of like set a new, kind of a new range for the company. Uh, prior to this event, timing-wise, it's going to be really difficult to time it. All right, I want to change subjects just a little bit here. By the way, Spear continues to cook. Okay, Hood continues to cook. All right, this is like what an awesome, awesome quarter this has been for us. Uh, but I also, Oh, Microsoft is starting to cook a little bit. But I, I do want to talk a little bit about Sora. Uh, Jordan, I don't know if you're on Sora, but Dave, I think you are now, right?
>> Yeah.
>> This is a pretty big deal. Why can't I? This thing just popped my screen. Dude, I got on Sora. Uh, Dave, you're on it. I don't think people quite fully grasp what is about to happen here. Right. So, um, the age of AI video is going to completely, one, I, I, I think I put this out on X the other day. It's going to completely rewire our brains. I, I read a really good piece the other day about the end of novelty. We are about to see have visual stimulation, a rapid acceleration of visual stimulation due to Sora and AI unlike anything that we've ever seen in our lifetime. Meaning no matter what you love to look at, whatever drives your dopamine, uh, whether it's cooking or pets or anything, you are about to see customized video now. Uh, we might be seeing the birth of the next TikTok, the next Instagram, uh, with the Sora app, right? Because anyone now can create anything. This is a creator super tool, right? You don't have to have any creative actual technical ability. And whatever is in your head, whatever is in your head, whether it's creating a TV show, uh, a movie, a skit, um, some wild imagery, you now have the tool set to do that. So, every human on Earth will essentially become a Hollywood producer. That is just a stunningly big deal. I think it's probably bigger than what we saw with the revolution of TikTok where anyone can basically come out and kind of share their creative talent in a very raw way. Now there's just no limits to it. And I think the end of novelty is truly here because you have six or 12 months of seeing just visual stimulation that your brain can barely comprehend on a daily basis and no one's going to care about anything anymore. Like there, no matter what you see, nothing will do it for you anymore. That's kind of a scary thing, I think. Uh, but also in the interim, the amount of compute that we are going to need, the amount of energy that we are about to soak up, all this AI hype cycle stuff, I think this might be bigger than even the peak of AI hype when you look at what will be needed to have billions of people generating these sorts of videos.
>> It's already insane. The, the, the platform is unfathomable. I, I literally, the, it has you like scan, you turn your head and then read three numbers off the screen and then it creates a perfect digital copy of you that other people can use in their videos that you can remix. You can add yourself into scenes. It is, it is, I don't even understand how they can do that so quickly. And these videos, they're, they're short videos, but they're multi-camera, like multi- uh, angles, and you don't, it's not like you upload a script. You just give it an idea, and it does it. It just creates a viral video out of nothing. Guys, this is the number two app in the world right now. The number one app as of last night was Gemini. The number two app is Sora. And the number three app is ChatGPT. By the way, I know there's a lot of XAI guys here that XAI has been floating between number 50 and 70, uh, for the past month. So, this is the next, it looks to be the next big thing. This is a moment in time. This is like the creation of Instagram or the creation of TikTok. And it's going to be rolled out slowly, I think, because I don't know that Sam Altman could actually afford to have too many people doing this all at one time. The
>> only right now, and there's a cap on how many videos you can create, although it's a, it's a high cap. It's like 100 videos a day or something. I've only, I've only made like five videos and I haven't published any of them because it's just like, oh, these are just cringey. But when you get into that, the doom scrolling on there, it's, it's just nothing is
real and your brain just doesn't quite get that nothing is real, but you're you're kind of expecting it to be because it looks so real.
>> Yeah. And I know a lot of people watching probably haven't experienced this firsthand yet because there's only so many codes to go around um for invites. If I had unlimited codes, I would just share them here for everybody. But dude, it is honestly a game-changing moment with really big implications. I'm telling you right now, if it wasn't for all the controversy between China and the US with Nvidia, where it looks like Nvidia might truly be squeezed out of China now legitimately, um I think Nvidia could double if not for that. But even without China, I mean the what we're going to need in terms of compute, what we're going to need in terms of energy and AI infrastructure for this. Do you know what I equate this to? Remember when Facebook was everybody thought Facebook was about to die and then they then the mobile Facebook came out, right? And it was like all of a sudden overnight we were like, "Oh, this isn't social." the its mobile social was the game changer.
>> Well, and it wasn't it wasn't originally a photo sharing platform. It was basically you give like status updates kind of like the old the old Twitter.
>> Yeah. Yeah. The the the mobile phone uh the mobile app on Facebook was a gamechanging moment for that company. And as large as AI is and as controversial as AI projections are in terms of how quickly it's going to change the world, how many jobs it's going to take, the degree to which it will meaningfully uh increase productivity to the commercialized world. I think there's something about this video in the media side of AI that is just so right in your face, you can't debate it, right? It's just like there's nothing there to debate. uh it's happening. The technology is there. And I want to also say that this is like the 1.0 or I guess technically the 2.0 of this technology. It's only going to get meaningfully better over the next year or two. But when you see this for the first time, it's a very similar moment, guys, to when you held an iPhone in your hand for the first time, I I I'm now I'm like embarrassed because like you're not supposed to use these anymore. So, this is like a Gen X extra thing, right? Like with the little knob on the back.
>> I have never and I will never put something like that on my phone.
>> I love it. I I'll use it forever.
>> I don't even put a case on my phone.
>> You're You're out of your mind, Dave. Out of your mind.
>> I I just got my order confirmation. Um,
>> let's get like a little case, little normal phone. the uh the phones have been out of stock and literally during the show like I keep checking occasionally to see if they have any locally to pick up because the ship dates are now pushed out to November. So uh I just uh got my Cosmic Orange uh Pro Max.
>> I want to see the orange. That that sounds cool. But this is a moment and when you have a moment like this, it it results in tremendous opportunity. Okay. So, like again, it looks to be that this is the next big thing. It looks to be that we're going to have tens and hundreds of millions of people utilizing massive amounts of compute. Probably going to have to pay for it, right? Like you're going to have to probably have to pay he's, you know, he's going to give it out for free for a little bit, a little bit, and then you're going have to pay for it. So, this is a huge huge deal. As an investor, you got to connect the dots. You have to figure out how you're going to play this.
>> Yeah. I'm not convinced I'm I'm not convinced that I would be interested in spending a lot of time scrolling on it
>> because it's not real and because everything is like it's fun. It's like it's like a real neat novelty when you first try it and to be able to see things and then see people's remixes of it and then do your own. But then it's like, okay, how many versions of Pikachu giving famous speeches from history do I really need to see,
>> which is literally what the platform is?
>> Okay, but Dave, okay, let me just make an analogy here. Don't you think that's kind of a similar take to when Tik Tok started, it was only people dancing.
>> It was true. It likely will morph into something that becomes more entertaining. But I also you I know that you're on Tik Tok probably 21 hours a day. I open Tik Tok and I I just it's I don't want to deal with another platform.
>> What do you mean you don't want to deal with another platform?
>> I'm already I already see reals in my Instagram. I already see
>> uh videos and X. I don't want another platform.
>> Well Well, this is where I think it's really important to remember that, you know, you've aged out of life. Also, I'm I'm Gen X.
>> Aged out of life. Is that what you said?
>> You've aged out of life, Dave. I mean, listen, this is why people don't market to people our age because you get you like the same stuff. You don't like change. I mean, this is just
>> it's just the way it is, right? And and if you're 20, if you're 25, you're probably not thinking like that. If you're 25, you probably haven't already settled on the apps that you like.
>> Every app is a new app to you.
>> You You're probably like, "Hey, you know,
>> hang on. Hang on. There's there's someone on my lawn right now. I've got to go
>> get off my grass a little." [Laughter]
>> Um, okay. So, so basically I think what's going to happen here and a friend of mine kind of shared this insight. you know, uh, OpenAI chat GPT has something called pulse. Pulse is something that gets to know you based on your chats and then it essentially ev every day I get a pulse from chat GPT and it just feeds me uh AI content of things that it knows I want to know proactively. It's amazing. And I think like the next generation of pulse is going to be video pulse, right? So instead of me watching, you know, like random people trying to figure out piecing together stuff, it is going to know exactly when to talk to me, how to talk to me, how to present certain pieces of information to me, how my brain wants to absorb this type of information versus this type of content. Uh, it's going to know that I want exactly a minute and a half of cat and dog content every day and four minutes of humanoid content every day and maybe 30 seconds of political content every day and it's going to know how to deliver that. Now, I it might be, you know, what's that AI actress? I I don't know that everyone's talking about this last week. For some people, it might be her. For some people, it might be anime. For other people it might be, you know, they want to go back as if they were in the 70s or 80. Like every every brain is wired a bit different and and people have different personalities and different um you know wants and needs. AI is going to learn that and there are no barriers to how it can deliver information to you now. And again, I know it's hard to wrap your head around this because we're seeing stupid videos of Pikachu right now on on Sora, but it will, okay, this is a great example. It will, my friend gave this example to me. It will deliver recipes to you a co via a cooking show based on items that you bought that day. So, it will know what you bought that day in your kitchen and then it will deliver a custom cooking show to you based on what it knows is in your kitchen that day.
>> But if you bought something, then you already have a plan for what to do with it. So, again, I'm I'm a I'm a pass on that.
>> You are such a boomer.
>> What are you talking about? Like, that's not generating novelty, Chris. It's like it's that's a that's a worthless That's a worthless.
>> How is that worthless? because I've already bought the ingredients for like whatever I'm going to make and so now I'm going to like watch something else. No, I'm
>> But I'm never going to I'm never going to make anything or buy anything at a grocery store, but I can just already imagine it like curating restaurant reviews, you know, the the influencers who are going in now showing showing around it. It it won't need that. It will just generate it for me. And
>> can I give you the perfect example I'm willing to drive? I'll give you the perfect example because this literally just happened to me. I was in Austin. Uh, by the way, I went to a place called Red Ash. Phenomenal. I think it's got to be the best Italian food in the state of Texas. Um, I also went to a place called uh Jeff. But when I went to Red Ash, I was like, I want to know what to order. I didn't want to read Yelp reviews. Um, what I generally do now is I go on TikTok and I want to like I quickly try to look at as many videos of people that were eating there and it doesn't take me that long and I want to like see the emotion and what they're ordering and how much they loved it and I I I don't want to read a bunch of reviews. But if I'm going to a restaurant, this app will be able to give me a 30 secondond. It will aggregate all the videos, all the views, all the reviews, everything. And it knows already what I like. It'll be like, "Chris, I know you like ordering bruschetta. Like, we know that these are your eight favorite dishes. They happen to have one of those at this restaurant." And it will show it to me and it will like pitch me in 20 or 30 seconds exactly everything that I would want to know before I step foot into that restaurant. I don't need to preview a menu because 80% of the stuff on that menu it already knows I'm not going to be interested in. So it in 30 seconds it will prep me for my experience in a way that I want to be prepped. What I don't even know what that means yet but that will actually happen in this new world.
>> No, I I think that's that's actually very interesting use case. But my question then becomes, all of that aggregated content would come from influencers who have filmed it. Where is that going to come from if you're just consuming it in a mashup form,
>> right? Like if you're not Yeah, that's my that's my just going to be summarized anyways.
>> Okay. Okay. First of all,
>> and so then so basically the problem that you're running into is novelty, Chris. So like where does the novelty come from,
>> Jordan? I don't know. But the content will exist. I don't know how, but it always has and it always will. Period. End of story. It will exist. If you're going to tell me that there will be no more reviews and no more content, if that's the thesis you want to go with, I'm just going to say I believe that is dead wrong. I can't tell you exactly where the next like trunch of like organic content will come from to feed the AI. I just know it's going to exist. I don't know who's gonna get paid for it, who's gonna not get paid for it.
>> Right. You'll have to license it. You'll have to do something. But I don't know. It relies, no matter what, it relies on novelty farming of actual individuals.
>> But I don't care about that. I'm just saying that this is the future. You can't just stop it. It's going to happen. And we can't define exactly what it looks like, but we're starting to get a sense now with Sora and Pulse. We're getting a sense for how this is going to come together. Okay. It's early.
>> Yeah.
>> You get what I'm saying, Dave? You can kind of see it, right?
>> I kind of I just want to make a comment about this. I don't want every restaurant experience that I have to be phenomenal. I feel like you have to go and strike out sometimes. You have to order the wrong menu items sometimes and just face full disappointment for then when you actually get the right meal at the right time for it to be like for it to feel right for it to feel good. If everything feels good, nothing feels good, right? And so I don't agree with this. I think I I think you need disappointment in your life. I love having you in my life so much because there's you are always somehow going to provide the counter the the counterargument to this stuff every single time.
>> Remember it's it's like my favorite it's like my favorite verse that I always quote in a country song. It's if you're ever going to see a rainbow, you got to stand a little rain.
>> and in this analogy I think Jordan you are Chris's rain my rain you know philosophically I actually do agree with Jordan but I think no matter what there's o that is just going to happen regardless but people's pursuit of trying to have good experiences will will still exist right now. There's always going to be stuff that's not going to play out the way that they want. Uh, but that it's not going to stop people's pursuit. That's why we've always had reviews. That's why Yelp blew up. That's why all these content local content creators people love. They they want the best stuff for themselves. If they're going out and they're spending money, they want good food, not bad food. They want fun atmosphere, not boring atmosphere. So, like I I ag I kind of agree with you, Jordan. at the same time.
>> But also, yeah, you want that awesome atmosphere and you're always disappointed. But when you're with a group of friends and the dinner just sucks. Like it just gives you content to talk about with your friends uh from then on, right? I mean, you
>> So, you still got to live life.
>> When I was coming home from Austin and I only have like breakfast once a week because you know guys, I intermittent fast. But as I was in my I was like, where is the best croissant? I spent about 15 minutes looking at videos for the like the best bakery breakfast croissant. And I found this place called Heaven's Beastro Bakery. It was like 20 minutes north of Austin. And I stopped there in the middle of like just a residential neighborhood. It was one of the best croissants I've ever had in my life. And I was like, who is making this? It was a Pakistani female uh um baker who was French trained. Um, but like I want those experiences. I think most people don't want to have to watch 15 freaking minutes of Tik Tok videos like I had to do. It was kind of annoying, but it was better than Yelp. It was better than reading actual reviews. And it ultimately got me to what I think is the best croissant in and outside of Austin, Texas. But it I think that AI could probably have done that for me in even a better way in like 30 seconds, 60 seconds. Okay. And so like it's solving a very real problem. And that's just one problem.
>> The problem is real.
>> What? It's a very real problem. is real.
>> It's It's the little things, Dave. I had to spend three days dealing with 50 investors on, you know, talking about robots and I just wanted a good freaking croissant at the end of that and I got it, but I had to watch 15 minutes of Tik Tok videos to get it. And I think AI can do it in 30 seconds.
>> Yeah.
>> Future AI. I think if we anything we can do to uh avoid having to watch 15 minutes of Tik Tok videos I think is a good thing.
>> Yeah. But you still want the end result. Um, so you know there will be some like AI actor actress. I don't there's going to be somebody that's going to be my personal like p thing right like that will like this is the way this is the perfect voice. This is the perfect accent that I like to hear. This is the perfect like look of a of a person to deliver that content to me.
>> So, are you going to uh dress up your robot when you get one?
>> I'm not even going
>> the perfect look for you.
>> But but but every human is going to have some form of preferred delivery mechanism and AI is going to figure what that's going to be for each of us. I can't wait to see what it is for Jordan. I actually kind of think
>> I wanted to write me a letter, mail it, and then I open it with my letter opener. I pull it out, my piece of paper, and I read real words on paper.
>> Oh man, this is where our show goes off the rails.
>> I'm sure that's actually possible
>> every time.
>> Anyway,
>> the analog version of AI
>> where it it mails something. And
>> you remember that we had a friend that did this, right? They had like the Instagram for like real uh like real notes or whatever and you would like mail people stuff.
>> Yeah. Yeah.
>> Um
>> how's your fax machine working?
>> All right. I think Yeah, I think we've hit the end of um of real content on the internet.
>> Okay. I just want to make sure there are some questions. I want to make sure if there's some key questions related to our actual core topic. I don't have price targets, guys. There's no price targets. It's not what I do. Um, Chris, make a stance on the Tesla trade. November 6 can't be a real trade other than 50. Dude, I'm not Dude, you make a stance for yourself. I just told you everything that I think about this situation with Tesla on November 6. I told you that I already initiated a position. I have an intention for it to be larger than it is today. I don't know how much of it I actually want to hold through the event and how much of it I want to sell prior to the event. I don't know what else happens in the world between now and November 6th that makes me change my mind. I don't know what Elon does. I don't know maybe there's an issue with robo taxi that sends Tesla spiraling. I I there's an infinite number of things that could happen every second of every day between now and then. Use us for ideation and then go off on your own. Do your own homework. Come up with your own conclusions, your own trade strategy, your riskreward, your life. Do not try to I'm not going to share my trades because I don't want people mirroring my trades because it's insane. It's actually insane. And you now know what I know. You You guys now know everything that I know. add to it and come up with your own trade. Is that like that's just how we've always done things here? Like we're we don't have courses. We don't like want people to like trade exactly what we trade. I am sure that
>> we're figuring out the ideas.
>> That's I bet there are people that will nail this trade way better than me. Way better than me that are watching today.
>> Um All right. What What is that? Uh
>> I I think they were saying that that what you're saying is great. It's great answer when when you're figuring out a trade,
>> right? Um ARB opportunity for any energy provides. Oh, did you see this? Oh my gosh. Did you see this story? This company that just IPOed, this nuclear company in West Texas, Nick Perry's son.
>> I was with people that are that know those guys yesterday. uh that started that company or that funded that company millions of dollars to billions millions to billions in like seven months. What what uh because I I saw someone mention the the energy trade. Listen, I
>> and and they they're pre-revenue even.
>> I just invested in another small nuclear reactor company this last week. through a friend. Uh, I don't know the name of the company. I didn't I didn't look at the data room. I know nothing about them at all other than they were partially vetted by the co-founder and CTO of another nuclear company that I also invested in a while ago. And supposedly these guys are legit. So, these small nuclear re these small modular nuclear reactor companies that are private are all trading in like the hundreds of millions of dollars valuation range right now. There's like half a dozen of them, maybe a few more. Everybody's kind of like in the on the same timeline of like bringing these reactors online between 2028 and 2030. So the thesis here is that nuclear is a thing and that these companies as they go public obviously will be worth some meaningful multiple of these valuations. So not everyone here is a qualified or accredited investor. So not everyone watching can actually invest in these companies. But certainly there are so many secondary marketplaces right now that you know if you want to do your own homework, if you want to research this stuff, you know, I do like the sector privately, not necessarily publicly because these public companies like Oaklo, they've spun out of control. Like it's too expensive for me. It's not I like the ARB trade from private to public in nuclear because I think there's going to be this window where a bunch of these go public and I don't know that they'll all be 19 billion dollars 20 billion like Oaklo wherever it's trading now but I feel like the move from hundreds of millions to billions just because they're public and because this will be like a sector that forms
>> um
>> well a sector that forms and we know that there's energy demand that's uh coming up with the rise of AI and robotics. So
>> yes, so also as it relates to energy, uh one of my friends who is really smart uh has a has had for many many months a really aggressive position and thesis on Bloom Energy, which obviously has worked out for him the past few months. He made me invest. I invested. I'm so happy for it. But Bloom Energy is kind of one of the other like obvious because they I guess in short the thesis is and he put his thesis on LinkedIn. I could kind of list it somewhere here, but the thesis is that they could spin up energy for these new for these uh data centers like quicker than anyone else. I it's like natural gas or something like that, but they they have some sort of ability to spin up energy quickly for data center use. So, and they just got a new contract this week and the stock blew up again this last week. They continue to get these data center contracts. So, it's a kind of a controversial company, Bloom Energy, but I do have a position in them as well. Uh, any anything else? That's all I got on the energy stuff. Quantum What do you guys think about quantum computers? So controversial. I don't even want to think about it.
>> Is it I I have no idea. I have no idea. I own one, but I'm not qualified to speak about it or have an opinion on it that I want to share.
>> I I'm I'm not in any quantum computing stocks at this point. I feel like for me to talk about quantum computing as an investment, I would have to spend like at least 50 hours pretending that I know something about it more than just reading some reports, which is what I have done report. I probably spent five or six hours researching it, which is I'm more confused after that research than I was going into the research. Jordan, you you probably know more than me and Dave put together on this. What what is your gut view on quantum computing? There were some breakthroughs this week at Harvard where they were able to now get a quantum computer to run for multiple hours straight. They think they can run it for six hours and they think they have uh some technology to where they could theoretically run a quantum computer continuously which I guess was like one of the biggest challenges for quantum computing because they usually would only run for a few seconds or something like that. Yeah, I mean we're just not we're not at a place where they're, you know, scalable or reliable enough or have the cubit complexity there to do anything um outside of laboratories or um just kind of these arbitrary, you know, um it's just it's just not time yet. I don't think I think we will be there. I just don't I think that timeline's five years, a decade, something like that. And so I don't have any interest in these um you know, boom cycles for the stocks. Um, I just don't I just don't think it's real.
>> I I feel like it's speculative.
>> Yeah.
>> Not even so much speculating on the underlying technology, which I think most people believe is
>> inevitable at some point. It's more speculating on how investors will treat some of these stocks in the three to seven years it takes to get to a more viable, commercially viable uh technology. So, will investors continue to support the stocks and pump them and hype them or will
>> I just think we're in a pump like people want to pump stuff and we're in we're in this place in the market right now to where it's just so easy to pump something and then ride, you know, that big wave. Um, and so that's that's what I see that's happening right now.
>> Um, because I don't see anything that's happening with these companies earnings that justifies any of this. Yeah, I think I think that's I think that's fair. I'm generally staying away. Yeah.
>> And let's Tesla's continues to drop. So Tesla's down uh $15. Um, I've lost so much money in the last 48 hours on Tesla, yet my account keeps going up. So like I'm not like I can't imagine how it would be doing if not for Tesla. But I kind of have to be happy about this. This is kind of what I wanted. I wanted Tes I wanted to lose money on my Tesla because I kind of wanted to go deeper into the trade. Um, so I can't I can't really complain. Man, have I lost a lot, but but I can't complain. So, I do want to go deeper into the trade. Uh, only because of Optimus. So, we'll we'll see where it is that Tesla bottoms out here. All right, guys. Want to want to call it a day? I think that's it.
>> That's that's going to do it. Thanks thanks for tuning in. Thanks for sticking with us for one of our longer episodes. Sorry uh we aren't publishing more frequently, but we should be able to get back on a more regular schedule now that uh well, Chris is back from uh robotics training camp in Austin.
>> All right. Yep.
>> We're done money. We'll see you next week. Have a good weekend. Hang on. That's That's not the right button to end the show. There we go. [Music]