Brad Gerstner

I looked at it for my house, but I guess they pivoted to add this.

And I think BasePower, Brad, you're an investor in it.

They're going to do the same thing.

Tesla has that same Elon variable in it as well, which is people value his companies at, I would say, two times market, three times market, four times market because of the future pipeline.

And they devalue Apple because they don't have somebody like Elon or Steve Jobs there who is giving them the future.

I don't think it's devalued.

Or properly valued if you don't have an Elon and you have somebody like, I think that's exactly what it is.

We talked about this last week, but explain why you think it's different.

I think all of these companies are actually very fairly valued.

And then Elon World gets a premium.

And that premium is because of what you guys said.

That I agree with.

The big message that I take away from this, which the markets...

and retail are telling you is, you guys have stopped innovating, there's a lot of incrementalism, and we as a society aren't benefiting broadly the way that you told us we would be.

And so maybe this is the best way for them to get this message, which is to whack their valuation.

And by the way, I'll just say it again,

When Tesla and SpaceX merge and we have all things Elon and Elon Corp, okay, which will happen probably by the end of the year.

Maybe it'll happen in the middle of next year.

It's gonna then break everybody's brains again because you'll have this one asset, as you guys said, that will trade at a valuation premium.

And some people will say it's unexplainable.