Inoneofthemostshockingthingsthat I eversawinthestockmarket.
Likeinthemiddleof a trainingday, tweetingfor 20.
Goingprivatelikethatwascrazy.
Andhereweare, notquite a yearand 1/2 laterinthestockisliterallynowat $420 a shareonthepublicmarkets. 00:00:57.620 --> 00:01:0.320 Andbytheway, I thinkyoumustwasjustfrustratedatthattime. 00:01:0.320 --> 00:01:4.010 I thinkhedidn't thinklikeTesswasgetenoughrespectinthepublicmarkets. 00:01:4.010 --> 00:01:5.690 I thinkShortSellerswrotehisnerves. 00:01:5.810 --> 00:01:9.250 I thinkhewasjustmadabout a lot, andtherewasjust, like, gotto a breakingpoint. 00:01:9.340 --> 00:01:11.830 Andheendeduptweetingoutinthemiddleofthetrainday.
Theyweregonnagoprivatefor 20 was a reallybaddecision, but I definitelyunderstandTheguywasextremelyfrustratedwiththetypeofvaluationTuftswasgettingatthatpointintime, andallthegreatthingstheyweredoingisjustnotbeingnoticedinontopofthat, alltheshortsellertaxandwhatnot.
Andthenhe's sweatingoutthesuicidepreventionlifeline. 00:01:58.720 --> 00:02:1.250 Okay, inMontana, skepticlikeit's justmoney. 00:02:1.250 --> 00:02:7.520 Okay, likeifyou'remadaboutmoneyorlikesuicideovermoney, youdon't belonganywherenearthestockmarket. 00:02:7.520 --> 00:02:8.430 That's all I cansaytoyou. 00:02:8.430 --> 00:02:12.290 Okay, I knowthisbecause I'vebeenthrough a lotwhenitcomestofinancially.
I mean, I wentfromnothing a 200,000 before.
I wasaged 25 while I workedat a conveniencestore.
I alsolost $75,000 onmargin.
I alsohadtheworststockofmylife, whichwas a stockcalledGoPro.
I lost 40,000 dollarsonthatstockisneitherSay, I'veseenmoneycomin, haveseenmoneygo.
I'vehad a lotofsuccessand I hadsomefailuresandit's justwhathappens, OK, I'm alsoseeingguysspent a fewhoursdoing a YouTubevideolastyearandthatonevideoendedupmakingmealmost $50,000 inlessthan a year.
Andifyouthinkbacktothespring, itwaslike, OK, wintertime, theyhadrecordordersandthenalsotheyhad a bigdropoffafterthefederaltaxcreditwentdownrightintheUS.
Andwhenthathappened, essentially, yougottadryupin a lotofordersinthespringtimeinthelatewinter.
AndsoWallStreetitup, judgingTuftsofsuperheavyonthatin a lotofinvestorssoldoffthestock.
A lotoftradersstillhave a sock.
Put a tonofsellingcrushonthestock. 00:05:58.750 --> 00:06:2.150 Thenextthingyouknow, a fewmonthslater, thestockwasunder $200 a share. 00:06:2.150 --> 00:06:5.430 Likeitjustkindoffelloff a cliffin a matterof a snapoffingers. 00:06:5.440 --> 00:06:15.680 AndsowilltheWallStreetreallylovestolookforwardtosomethingwhenithadnothingtolookforwardto, atleastintheshorttermThere, itjustdidn't likenoexcitementwasaroundtoughattheendoftheday.
Unlessyou'resomebodythatwasthinkingaboutalready, like 2020 2021 infutureyearspastthat.
We'renottalkingaboutthemoremoresolardeploymentsin 2020 and 2021 were. 00:06:54.990 --> 00:07:4.870 Justthinkaboutthevery, veryshortterm, the 6 to 9 months, becausethat's what a lotoftimesWallStreetlikestolookatwhat's goingonforthenext 6 to 9 months, especiallyin a moment, Um, heavyname, likeNASA. 00:07:4.940 --> 00:07:16.090 Andifyou'rejustlookingatthenextsixtimemonths, it's really, reallyexcitingbecauseoftheShanghaiGigafactoryrampingandcontinuetorampthroughoutthespringtimeinthesummerandthenmodelWhycomesdirectlyafterthat?
Plus, youhave a lotofdifferentsoftwarethingstestisdoingnow.
Justovertheweekend, itgotleakedthatessentiallyTeslanowhastheabilitytoraiseyour 0 to 60 timeby 1/2 a second.
Okay, byhalf.
Secondfor $2000 upgrade.
So a lotofpeoplethathavemodelthreestothinkingmaybe I wanttogoaheadanddothatandmaybework 2000 andthesetypeofthingsthatitcosts a lotofupfrontresearchanddevelopmentdollarstodevelopsomethinglikethat.
Nowhasjumpedanother 30 $40 sincethen, andthatwasjustin a week's time.
Butessentially I didthatvideobecause I wasgettingsomanyquestionsfromfolksasking, Isittoolatetobuytestsofstocknow?
Ithasgoneup.
Somuchhasgoneupsofast, likethiswas a stock, youknow, wewerebuyingjust, I don't know, probablysixmonthsagoorsoforlowtohundreds, ifnotbelow $200 a share.
Nowsomepeoplearelookingatthisandthelike.
It's over 400 now.
Isittoolatetobuytesting?
Sowhatkindofdoesscaremeaboutthis?
As I'm seeing a lotofpeoplethataren't even, like, trueliketestsofbelievers, theydon't evenreallynecessarilybelieveintestin a bigway.
Butthey'restartingtojumponthebeingwagonjustbecausetheylookatitas a profitmakingopportunitybecausetheyseethisstockgoingupalmostdayafterdayafterday.
Theyseethetestofchargesgoingthemoon, andnowthey'restartingtojumponhim. 00:08:59.660 --> 00:09:3.850 We'reseeingthistimeandtimeagainwith a lotoffolkswhoaren't reallytestedbelievers. 00:09:3.940 --> 00:09:7.880 Buttheyseethisasjustlike a dollaropportunityinshorttermdealing. 00:09:7.880 --> 00:09:9.640 Maybe I couldwritethisupto $500. 00:09:9.640 --> 00:09:13.000 Maybeitgoesto $600 thenmaybe I couldsellandmake a quickprofit.
Thatscaresme a bitbecausethosearegoingtobethepeoplethatultimately, ifthestockstartstohavesomevolatilityandstartsgoingdownshortterm, thosewilldefinitelybetheonesthatsellout.
But I definitelydon't likethefactthat I'm seeingpeoplewhoaren't evennecessarilythatsuperbullishaboutTessastockanddon't evenreallybelieveinittheway a lotofusbelieveinitforthelongterm.
I hateseeing a lotofthemstartingtogetinonthisbecause I couldjustseethat a lotoftheseindividualsdon't evenreallynecessarilybelieveintoughon. 00:09:52.050 --> 00:10:2.910 A lotofthesepeopletalkcrapaboutTessafor a longtime, butnowtheyseeTessaStockgoingup, goingupintherelikemaybe I wanttotrytogetinonthisprofit, too. 00:10:2.920 --> 00:10:4.720 Andthat's kindofwhatfrustratesmehere. 00:10:4.720 --> 00:10:17.190 Butatthesametime, I respectifit's peoplegettinginthatreallybelieveinthelongtermopportunityfortestsonthefactthattheycouldmaybesellmillionsofcars a yearinthefactthattheyhaveanautonomoustaxinetworkandthingslikethat.
Iftheyreallybelievethatthey'rereallylike a truebull, I callit I respectthat.
And I morethanwelcomethemwithopenarms, thetest, a family, whethertheywouldn't buyit, youknow, $400 a share, 305 100 doesn't matter.
I welcomethosetypeofpeople, butthepeoplethatscaremearetheseindividualsoutthere, thatman, theyarenotreallyaboutthemission.
They'renotreallytruebelieversofthiscompany, andbutthey'rejumpinginitbecause I thinktheycanmakequickmoneyhereinthat I'm definitelynot a fanofII.