Jamal Khashoggi
👤 PersonAppearances Over Time
Podcast Appearances
So I think that's where we're probably having a little bit of a disconnect here.
These little tiny Kiva bots, I'll show you, I'll just put an image in here so we have it.
These do one thing, the Kiva bots.
Those move packages around.
That's not an optimist going around and packing the boxes and bring them to your first step.
All right, Tesla reported their earnings on Wednesday.
As you guys know, we record on Thursdays.
You listen on Fridays.
Record revenues, $28 billion, up 12% year over year.
Massive amounts of free cash flow, $4 billion.
I think they're up to $40 billion in cash, which is always great when you're going into some big capital-intensive projects like Optimus and like self-driving.
Downside, operating profit fell 40%.
Stock dropped a bit, 4%, but bounced back.
On the earnings call, Elon emphasized the importance of his trillion-dollar pay package, which will give him just about 12% additional stake over the next 10 years if he hits absurd targets.
That would make everybody who holds the shares in the company extremely wealthy, and they would benefit more than Elon himself.
And here's his quote, my fundamental concern with how much voting control I have at Tesla is if I build this enormous robot army, can I just be ousted in the future?
I don't feel comfortable building that robot army if I don't have at least influence over it.
And he called Glass Lewis and ISS corporate terrorists.
These are the people who vote on behalf of passive index funds for things like who's on the board of Tesla.
Vote for Elon's pay package will be number six.