Jason Moser

You've got Waymo.

You've got Wing, which is drone delivery.

They've got their X.

which don't mistake that for the old Twitter, X is Alphabet's moonshot factory, which is that research and development facility.

So, to your point there, yeah, that's a very well-diversified other bets business.

And I think the market has always given it a lot of credit for that.

Facebook, Meta, whatever they decide to call themselves, yeah, it's still an advertising play.

That's not a bad thing.

They do that very well.

But trying to figure out that next iteration, that next sort of paradigm, turns out that's a little bit more difficult than perhaps we thought.

Thank you.

I think that longer-term, the electric vehicle is the unstoppable force.

I think like with most things, with most tech advancements and tech waves, there's a lot of hype and a lot of expectation in that things will happen a lot more quickly.

History just shows that they tend to develop and evolve a little bit more slowly than we had hoped.

For example, we're seeing folks now all of a sudden saying, well, maybe I don't want a gas vehicle.

Maybe I want a hybrid.

a plug-in hybrid or just a regular hybrid.

They start making that shift away from what we've done traditionally through the years.

I think that when you're looking at it through the right timelines, I think electric vehicles are absolutely an unstoppable force.

I guess if you're looking at stocks in the space, Tesla is the obvious name.