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This Is Why Tesla Will Shock The World
On Wednesday, Tesla released its Q3 earnings report.
The data revealed that Tesla is in an extremely strong position for the coming months, whether there’s a recession or not.
Over the long-term, Tesla has a chance to change the world the way few companies ever have by ushering in a golden age of electric vehicles, renewable energy, robot labor, and other innovation. Earnings provided several juicy details about what’s on the horizon.
Tesla is one of most underestimated companies on earth. Let’s take a look at why it could turn the world on its head, and how Dogecoin figures in its future plans.
Last week, Tesla released its earnings report for Q3 and held a shareholder Q&A to go over the data.
The investor deck revealed that the company is financially strong. Revenue grew 56% from Q3 2021, and Tesla has $21 billion cash on hand.
Tesla is significantly outperforming both the auto industry and the S&P in terms of revenue growth—and it's not even close.
In Q3, Tesla produced and delivered a record number of cars.
On the earnings call, Elon stated his expectation that vehicle deliveries would average 50% annual growth over the coming years. No other automaker can say the same with a straight face.
Tesla is already the most valuable car company in the world, but the scary thing is, they're just getting started.
Out of two billion cars on the road worldwide, 3.5 million are Teslas, or about 0.175% of existing vehicles. Tesla still has a lot of room to grow.
Considering that we're in the earliest stages of the transition from gas to electric vehicles, and other car companies have yet to figure out how to make EVs profitably, Tesla has a chance to lap the competition and become the world's dominant automaker.
On the earnings call, Elon's strongest statement in this regard was, "I see a potential path of Tesla to be worth more than Apple and Saudi Aramco combined."
He added that this calculation does not include the Optimus robot, which has the potential to upend labor markets everywhere.
During the call, he dropped several additional hints of what's to come:
Users of Full Self-Driving Beta have logged over 60 million miles
Data indicates that driving is significantly safer when FSD mode is engaged
FSD Beta will be widely released this quarter, as early as next month
Since AI Day, Tesla has seen a massive influx of world-class resumes from AI technologists
Tesla has excellent demand for Q4 and expects to sell every car it makes "for as far into the future as we can see"
Equipment installation for the Cybertruck has begun at Giga Austin
Robotaxi platform design is making progress
Tesla is aiming to produce 50k Semi truck units in 2024
Tesla's next generation vehicle will be half the cost of the Model 3/Y and is expected to quickly exceed production of all other vehicles combined
Tesla has plans to build a lithium refinery in Texas
The board thinks it makes sense to do a meaningful stock buyback next year of at least five to ten billion dollars
Despite all of the good news, Tesla stock fell almost 7% the next day, and is down around 30% in the month of October.
After starting the year at $340, Tesla is currently hovering around $200.
The disconnect was a reminder that short-term price movements have nothing to do with Tesla's value to the world, which is immense.
The core point of the contention is what kind of company Tesla really is.
Wall Street still looks at Tesla as just an automaker, which is why they have a long history of underestimating it.
In 2020, Elon made an important distinction: “Tesla should really be thought of as roughly a dozen technology startups, many of which have little to no correlation with traditional automotive companies.”
The reality is that Tesla is unlike any other business in the world, past or present, and has a chance to become the most revolutionary tech company we've ever seen.
Cars for Dog Money
If all this weren't enough, Tesla is trailblazing crypto adoption among major American companies.
Tesla continues to hold around 10,700 Bitcoins, which it acquired at he beginning of 2021. It trimmed its holdings earlier this year, but did not sell any in Q3.
While a handful of businesses have followed Tesla in acquiring Bitcoin as a reserve asset, far fewer accept crypto as a legitimate form of money.
Tesla's pilot program for crypto payments is built around Dogecoin, which it is steadily accumulating through its merch store.
When Tesla did another release of the Cyberwhistle in September, accepting only Doge, it quickly sold out.
It's not known how much Dogecoin Tesla has stacked this year, but there's a good chance it's already a whale (10+ million Dogecoin).
The holy grail for Dogecoin adoption continues to be vehicle purchases.
In 2021, Elon polled Twitter about accepting Doge, leading to speculation that Tesla would start selling cars for Dogecoin.
A Doge-for-vehicles announcement could send Dogecoin to a dollar in the blink of an eye.
In the year and a half since the poll, he's stayed mum about bigger plans for Tesla while SpaceX and The Boring Company have integrated Dogecoin in their own ways.
For anyone who doubted Dogecoin still figured into Tesla's plans, however, April's Cyber Rodeo event put questions to rest when the drone light show featured a giant Doge.
Tesla has been the single best publicly traded company to invest in over the last five and ten years, but many investors waited years before any sort of explosive move. The patience required of Tesla investors is a good lesson for the DogeArmy as it grinds through the crypto bear market.
No one knows when Tesla will make its next move with Dogecoin, but the good news out of Q3 is that, when they do, they'll be coming from a position of immense strength.
One way to look at Doge is that it is a leveraged bet on Tesla—more risk, but also more potential reward.
Sleep on Tesla, and Dogecoin, at your own peril!
Dogey Treats: News Bites
Elon posted a meme about generational trauma and tweeted that one of his favorite conspiracy theories was that the world was 80% men. He encouraged people to question The Current Thing and liked a tweet that said "Dogecoin should be the current thing."
The Boring Company sold out all 30,000 bottles of Burnt Hair perfume.
Twitter locked employee stock accounts in anticipation of Elon's deal going through. Its closing date is Friday, October 28th. The Washington Post reported Elon plans to eliminate 75% of Twitter's workforce when he takes over the company, leaving about 2,000 employees. Current ownership had plans to reduce workforce by 25%. Elon has reportedly been raising capital from investors so he doesn't have to sell Tesla stock. Billionaire Ken Griffin reportedly pledged $20 million to the deal. Biden admin officials discussed whether the acquisition should be subject to national security reviews.
BlueSky, Jack Dorsey's highly anticipated initiative to build a decentralized social media protocol, tweeted a completed roadmap.
TikTok's parent company ByteDance planned to use the app to monitor the physical location of specific American citizens.
National security expert Fiona Hill, who previously testified at Trump's first impeachment hearing, accused Elon Musk of being an "intermediary" who is "transmitting messages from Putin."
Elon posted a screenshot of a Ukrainian politician saying he is one of the world's top private donors to Ukraine. He questioned the idea of supporting the war in order to effect a regime change in Russia: "Those who want Putin removed are laboring under the misapprehension that whoever replaces him will be more amenable to peace or western philosophy, but I think this is unlikely – the Kremlin is not the Nice Guy Olympics."
Former Italian PM Silvio Berlusconi caused a scandal by blaming the West for starting the war. Elon highlighted a thread of prominent political thinkers from the last three decades warning that the West's involvement in Ukraine was likely to provoke Russia.
US lawmakers are discussing a new $50 billion aid package for Ukraine.
Various clips linking neo-Nazis to Ukraine's military circulated on social media.
Russia claimed Ukraine plans to detonate a "dirty nuclear bomb" on its territory. Ukraine accused Russia of blaming Ukraine for what it planned to do itself.
In a video, Ye called on George Soros to "come and meet with me directly," and did interviews with Chris Cuomo, Piers Morgan, and a group of paparazzis to discuss his recent comments. Peter Schiff tweeted that he agreed with Ye about George Floyd, defending his right to his opinion: "I reviewed all the facts regarding George Floyd's death and came to the only logical conclusion possible." Ye is being sued by Floyd's family for $250 million.
Candace Owens repeatedly defended Ye, calling the mainstream media "an empire of lies, controlling individual minds." A spokesman for the Anti-Defamation League said Ye and Trump's recent comments "shattered" the feeling of safety among U.S. Jews, while White House spokeswoman Karine Jean-Pierre accused Trump of anti-semitism. Rapper Bryson Gray made a song about lawsuits against Ye and Alex Jones.
In response to an article about the link between Covid vaccinations and myocarditis, Elon tweeted, "Certainly warrants closer scrutiny." Evidence continues to pile up that the virus was made in a laboratory using techniques derived from NIH funding. The first part of the documentary 'The Real Anthony Fauci,' based on the bestselling book, was released on the Internet. The CDC voted to add Covid vaccinations to the childhood vaccine schedule.
Starlink started taking orders for Internet service in airplanes. Anti-censorship video platform Rumble is partnering with Starlink. SpaceX completed its 48th launch this year and has more active satellites in orbit than the rest of the earth combined. It posted a video of its launch and catch tower stacking Starship.
Tesla released new images of its Dojo supercomputer.
Global Financial System
Deutsche Bank was raided in a tax fraud probe.
The Bank of Japan announced an emergency bond-buying program.
British Prime Minister Liz Truss resigned, making her the shortest-serving PM in British History. Last week, a tabloid began live-streaming a head of iceberg lettuce while asking the question Truss or the lettuce would wither first. The lettuce was declared the winner. Former Goldman Sachs banker Rishi Sunak is expected to become the next PM. Sunak has previously declared support for CBDCs.
A high-ranking Navy official warned that China could invade Taiwan this year or next. Former Chinese President Hu Jintao, a proponent of maintaining positive relations with the US, was forcibly removed from National Congress on live TV. Chinese state media remained silent about the incident. President Xi reshuffled his cabinet in what some are interpreting as preparation for conflict.
Biden recently sanctioned China's semiconductor industry, requiring all US employees working for Chinese chip companies to either resign or lose their citizenship.
The US Fed continued to lend billions of dollars to the Swiss National Bank without explanation.
Several German companies which have been in existence for more than a century were reported insolvent.
October 20th marked the 11-year anniversary of the death of Libyan President Muammar Gaddafi. Leaked emails have since revealed that Gaddafi was killed to stop the formation of a gold-backed pan-African currency that would provide an alternative to the French-controlled CFA.
Ripple CEO Brad Garlinghouse tweeted that, after an 18 month court battle, his company was finally granted access to internal SEC documents showing "the shamefulness of their behavior." Elon responded, "No way," thought to be the first time he has publicly acknowledged the existence of XRP, on the company's 10-year birthday. Ripple was given access to emails and drafts relating to a speech given by former SEC employee Bill Hinman, thought to show the SEC's thought process in determining which cryptocurrencies constitute securities. A judge ordered the SEC to give the emails to Ripple six times before the SEC complied.
The Today Show ran a viral segment with clips of UFOs recorded by airline pilots.
GameStop Chair Ryan Cohen tweeted a photo of himself and investor Carl Icahn with a computer chair in the background. Icahn coined the term "Mother of All Short Squeezes" 6 years 6 years to the day of Cohen's tweet.
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Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.06 per coin.