Scott Galloway

There's a lot to like here.

I don't like the manufactured scarcity and what I'll call the overlying narrative of the hero's journey here.

Yeah, look, from a valuation standpoint, and this is what Musk has always been able to do, is to create this narrative over numbers that's like no one else in history.

But right now, the stock is trading 30% above the IPO price.

And then he has also, again, and I go back to governance, there's all these different lockups.

Like if you trade on a certain platform and you bought shares through direct share purchase on a certain platform, they technically don't have a lockup, but,

But if they sell their shares, they can't trade on the platform before, which is like a soft lockup.

There's certain criteria around when you can sell if the stock is up a certain amount, et cetera.

Yeah, that was interesting.

To be fair, Elon's locked himself up.

I doubt he's planning to sell.

He'll just borrow against his stock.

But what they've effectively done, which you're not supposed to do, is they've created different classes of shares, which you're not supposed to do.

So again, I find that this is...

This is really inspiring and important and going to be great for economic growth on certain levels.

I also believe that this entire sector is going to have not a collapse, but a pretty serious drawdown when people after two or three earnings calls are forced to justify anything resembling a future that involves the kind of earnings built into this thing.

Quite frankly, that's one of the great things about America because we over-invested in the Internet and the technology survived and a lot of those companies came back and that investment was good, but you didn't want to be one of the investors over-investing initially.

Yeah.

But I said, somebody called me and I said this on Pivot.

Someone called me and said, I have allocation, should I take it?