NEIL: THIS IS GETTING CRAZY.
NEIL: THIS IS GETTING CRAZY.
TESLA STOKE SOARING, $900 A
TESLA STOKE SOARING, $900 A
SHARE.
SHARE.
ELON MUSK GETTING RICHER FASTER
ELON MUSK GETTING RICHER FASTER
THAN ANY OTHER BILLIONAIRE THIS
THAN ANY OTHER BILLIONAIRE THIS
YEAR.
YEAR.
THAN ANYONE THIS YEAR.
THAN ANYONE THIS YEAR.
TO HAL LAMBERT.
TO HAL LAMBERT.
HAL, WHAT DO YOU THINK IS GOING
HAL, WHAT DO YOU THINK IS GOING
ON HERE?
ON HERE?
IS IT JUSTIFIED?
IS IT JUSTIFIED?
>> THIS DECADE IS STARTING OFF
>> THIS DECADE IS STARTING OFF
AS THE ELON MUSK DECADE.
AS THE ELON MUSK DECADE.
HIS NET WORTH HAS GONE UP
HIS NET WORTH HAS GONE UP
$16 BILLION YEAR-TO-DATE.
$16 BILLION YEAR-TO-DATE.
BY THE WAY THE SHORTS HAVE LOST
BY THE WAY THE SHORTS HAVE LOST
$16 BILLION YEAR-TO-DATE.
$16 BILLION YEAR-TO-DATE.
ELON MUSK IS LAUGHING ALL THE
ELON MUSK IS LAUGHING ALL THE
WAY TO THE BANK BUT HE IS ALSO
WAY TO THE BANK BUT HE IS ALSO
HAPPY BECAUSE MAINLY THE SHORTS
HAPPY BECAUSE MAINLY THE SHORTS
ARE LOSING AND HE DOESN’T LIKE
ARE LOSING AND HE DOESN’T LIKE
TO LOSE.
TO LOSE.
ELON MUSK IS A WINNER.
ELON MUSK IS A WINNER.
HE IS A KILLER FROM A BUSINESS
HE IS A KILLER FROM A BUSINESS
PERSPECTIVE.
PERSPECTIVE.
FEW GROUPS HE DISLIKED MORE THAN
FEW GROUPS HE DISLIKED MORE THAN
THE SHORTS THAT HAVE BEEN OUT
THE SHORTS THAT HAVE BEEN OUT
THERE THE LAST COUPLE YEARS.
THERE THE LAST COUPLE YEARS.
HE IS REALLY LIKING THAT.
HE IS REALLY LIKING THAT.
WHAT YOU WILL SEE HERE, THE
WHAT YOU WILL SEE HERE, THE
SHORTS ARE STILL OUT THERE.
SHORTS ARE STILL OUT THERE.
THERE IS NOT TECHNICALLY A SHORT
THERE IS NOT TECHNICALLY A SHORT
SQUEEZE HAPPENING HERE, NEIL.
SQUEEZE HAPPENING HERE, NEIL.
THE BORROW IS OUT THERE.
THE BORROW IS OUT THERE.
SHARES ARE AVAILABLE.
SHARES ARE AVAILABLE.
THEY’RE NOT BEING SQUEEZED OUT.
THEY’RE NOT BEING SQUEEZED OUT.
THEY’RE JUST LOSING BILLIONS OF
THEY’RE JUST LOSING BILLIONS OF
DOLLARS AS THE STOCK GOES
DOLLARS AS THE STOCK GOES
HIGHER.
HIGHER.
NEIL: AS IT GOES HIGHER, A
NEIL: AS IT GOES HIGHER, A
MARKET CAP NORTH OF FORD AND GM,
MARKET CAP NORTH OF FORD AND GM,
YOU HAVE GOT TO WONDER IS IT
YOU HAVE GOT TO WONDER IS IT
JUSTIFIED?
JUSTIFIED?
IT IS MOMENTUM.
IT IS MOMENTUM.
NO DOUBT ABOUT IT BUT IS IT A
NO DOUBT ABOUT IT BUT IS IT A
LITTLE TOO CRAZY?
LITTLE TOO CRAZY?
I MEAN I TALKED TO SOME
I MEAN I TALKED TO SOME
INVESTORS, HEY I’M GETTING IN
INVESTORS, HEY I’M GETTING IN
BECAUSE THIS THING HAS YOU KNOW,
BECAUSE THIS THING HAS YOU KNOW,
MELT-UP ALL OVER IT?
MELT-UP ALL OVER IT?
>> WELL, CERTAINLY DOES LOOK
>> WELL, CERTAINLY DOES LOOK
LIKE A MELT-UP.
LIKE A MELT-UP.
CAN THE VALUATION BE JUSTIFIED?
CAN THE VALUATION BE JUSTIFIED?
YOU KNOW, THAT IS HARD TO SAY.
YOU KNOW, THAT IS HARD TO SAY.
LOOK, THIS KIND OF BLOWS UP THE
LOOK, THIS KIND OF BLOWS UP THE
MARKETS ARE EFFICIENT THEORY,
MARKETS ARE EFFICIENT THEORY,
DOESN’T IT?
DOESN’T IT?
NEIL: IT DOES.
NEIL: IT DOES.
>> THE PEOPLE THINK THE MARKETS
>> THE PEOPLE THINK THE MARKETS
ARE EFFICIENT AND YOU CAN’T MAKE
ARE EFFICIENT AND YOU CAN’T MAKE
MONEY BECAUSE IT IS EFFICIENT.
MONEY BECAUSE IT IS EFFICIENT.
THE STOCK IS UP OVER 100%
THE STOCK IS UP OVER 100%
YEAR-TO-DATE.
YEAR-TO-DATE.
IT HAS ONLY ONE KIND OF EARNINGS
IT HAS ONLY ONE KIND OF EARNINGS
REPORT.
REPORT.
CLEARLY THERE ARE INEFFICIENCIES
CLEARLY THERE ARE INEFFICIENCIES
GOING ON HERE.
GOING ON HERE.
I WOULD NOT GET IN FRONT OF
I WOULD NOT GET IN FRONT OF
THIS.
THIS.
I WOULD NOT SHORT IT.
I WOULD NOT SHORT IT.
YOU HAVE TO BE REALLY READY TO
YOU HAVE TO BE REALLY READY TO
HAVE A LOT OF PAIN IF YOU DO
HAVE A LOT OF PAIN IF YOU DO
THAT.
THAT.
WE TALKED ABOUT ELON’S WEALTH
WE TALKED ABOUT ELON’S WEALTH
GOING UP, THERE IS ASPECTS TO
GOING UP, THERE IS ASPECTS TO
HIS COMPENSATION, IF THIS STOCK
HIS COMPENSATION, IF THIS STOCK
CONTINUES TO GO HIGHER, IT IS
CONTINUES TO GO HIGHER, IT IS
AWAYS AWAY FROM WHERE IT IS NOW,
AWAYS AWAY FROM WHERE IT IS NOW,
HE COULD WALK AWAY WITH
HE COULD WALK AWAY WITH
$50 BILLION IN COMPENSATION IF
$50 BILLION IN COMPENSATION IF
THE STOCK DOES CERTAIN THINGS.
THE STOCK DOES CERTAIN THINGS.
SO, YOU KNOW, ELON MUSK THIS
SO, YOU KNOW, ELON MUSK THIS
NEXT DECADE IS ONE TO WATCH.
NEXT DECADE IS ONE TO WATCH.
HE IS THE THOMAS EDISON OF OUR
HE IS THE THOMAS EDISON OF OUR
GENERATION.
GENERATION.
HE IS THE COOL GUY IN SILICON
HE IS THE COOL GUY IN SILICON
VALLEY.
VALLEY.
THE OTHER GUYS WANT TO BE LIKE
THE OTHER GUYS WANT TO BE LIKE
ELON MUSK.
ELON MUSK.
JEFF BEZOS IS WORTH A LOT MORE
JEFF BEZOS IS WORTH A LOT MORE
BUT HE WOULD LOVE TO BE AS COOL
BUT HE WOULD LOVE TO BE AS COOL
AS ELON MUSK.
AS ELON MUSK.
NEIL: CERTAINLY AT THE PACE HE
NEIL: CERTAINLY AT THE PACE HE
IS GOING HE COULD ECLIPSE THOSE
IS GOING HE COULD ECLIPSE THOSE
GUYS IF HE MAINTAINS IT.
GUYS IF HE MAINTAINS IT.
WHAT HAPPENS THEN?
WHAT HAPPENS THEN?
IT HAS GOT TO SLOW DOWN,DOESN’T
IT HAS GOT TO SLOW DOWN,DOESN’T
IT?
IT?
>> YOU WOULD THINK IT WOULD SLOW
>> YOU WOULD THINK IT WOULD SLOW
DOWN.
DOWN.
YOU CAN’T COMPOUND AT THIS FOR
YOU CAN’T COMPOUND AT THIS FOR
VERY LONG.
VERY LONG.
COULD YOU HAVE A PULLBACK HERE,
COULD YOU HAVE A PULLBACK HERE,
STALL OUT, TAKE A BREATH, LOOK
STALL OUT, TAKE A BREATH, LOOK
UP AT THE END OF NEXT YEAR STILL
UP AT THE END OF NEXT YEAR STILL
BE, STILL BE HIGHER THAN WE ARE
BE, STILL BE HIGHER THAN WE ARE
TODAY IN THE STOCK.
TODAY IN THE STOCK.
VALUATION HERE IS REALLY TRICKY
VALUATION HERE IS REALLY TRICKY
TO CALL.
TO CALL.
PEOPLE WANT TO LOOK AT IT FROM A
PEOPLE WANT TO LOOK AT IT FROM A
VALUATION PERSPECTIVE BUT THE
VALUATION PERSPECTIVE BUT THE
TESLA CAR IS REALLY GOOD.
TESLA CAR IS REALLY GOOD.
IT IS A REALLY GOOD ELECTRIC
IT IS A REALLY GOOD ELECTRIC
CAR.
CAR.
HE IS IN CHINA NOW.
HE IS IN CHINA NOW.
THAT IS THE CAR PEOPLE WANT TO
THAT IS THE CAR PEOPLE WANT TO
BUY.
BUY.
IT IS AFFORDABLE FOR A LOT OF
IT IS AFFORDABLE FOR A LOT OF
PEOPLE.
PEOPLE.
STARTING PRICE POINT IS NOW
STARTING PRICE POINT IS NOW
$35,000.
$35,000.
THAT IS AFFORDABLE FOR A LOT OF
THAT IS AFFORDABLE FOR A LOT OF
PEOPLE.
PEOPLE.
IT IS A BETTER PRODUCT THAN THE
IT IS A BETTER PRODUCT THAN THE
OTHER ELECTRIC CARS OUT THERE.
OTHER ELECTRIC CARS OUT THERE.
SO, YOU KNOW, WHERE DOES THIS
SO, YOU KNOW, WHERE DOES THIS
GO?
GO?
IT COULD CONTINUE.
