hey friends welcome back so we've got to talk about Elon Musk and his very very bad day that's subject of today's video uh the stock is crashing at the moment you're watching it live the greatest destruction of wealth in world history with Elon Musk Going Up in Flames um this is where we are uh on the month you're down what 23% uh on the day I think it's like 7 or 8% down oh jeez now8 8% approaching 9% down this is live um will this thing go under 300 I think there's a high chance that
it was uh what 299 earlier or something yeah it was I think it's heading down but um effectively Tesla stock is grossly overvalued and on and the News came out today that sales in Europe absolutely plummeted like down 45% uh we got to get this thing all the way down guys um will Tesla stock hit zero that's what we're watching um this is a a major destruction of wealth like I said the biggest in world history um what's going to end up happening as Tesla stock keeps crashing crashing crashing you're going to see Elon Musk
keep crying crying crying that's what he's up to today um it's pretty funny he actually uh knew that Tesla was tanking right he saw the saw the future they saw to get into politics because basically his plan is to you know buy the government off and to try to live off your tax dollars get subsidized by government subsidies these kind of things uh he wants to him and Trump want to tariffs on you basically tax you to then funnel that money into their sovereign wealth fund and then take that money to make it you know
so he can go to Mars save his car company whatever um but that's uh not necessarily the greatest plan because I think we're on to it we can see what you're doing Elon and um essentially what he's doing now is you have to think of Elon as being like a third grader and um you know when you're in third grade like elon's mentality uh effectively you know taking this note writing do you like me uh click you know click box for yes click box for no you hand it to the person that you like and
they completely ignore you right and then you're like well I'm going to try again so give it to Elon he's trying again um you've got a second chance to answer his you know third grade email uh this is Elon this what he writes today he says um subject to the discretion of the president they will be given another chance wow elon's giving you another chance fail her to respond a second time will result in termination so he threatened to fire you the first time he didn't respond and now he's giving you a second chance is
what he says um Donald Trump was talking about this yesterday backing him up saying oh yeah we sent out the email maybe we're you know paying dead people that's what Trump suggested uh Trump was saying we should you know fire people maybe semi fire people who are these people it really is a clown show and then you have to listen to the language of the Elon bubble so Elon was interacting with this count Matt Walsh I don't know who that is you if you guys know you can let me know but Matt Walsh the person
who Elon was interacting with was saying here fire any federal worker who didn't answer the email fire any who complained publicly about the email fire any who complained privately about the email fire any who did uh anything but cheerfully and promptly answer it so so these people they when Elon sent the email right in their bubble they expect you to like cheerfully and promptly answer any communication from from Elon because I guess we should all be blessed with elon's email that that's from their language how did Elon sians respond here's some people this graph says
imagine how many people didn't answer the first email if we're giving then another chance I think it's because almost no one responded okay hey Elon where's your fans okay that doesn't sound like a fan how about this word took me less than two minutes to write it down five things I did uh for work last week and I didn't need to think Beyond Monday all right well Chris is a fan you have no authority to do that wow oh count for muted yeah I do mute some counts in this thing because I to say this
there's so many trolls and bots in this thing um what's this person Outsource these jobs a private company can provide whatever Services these entitled employees are doing I bet for a better price they high maintain employees based on Merit you know you know how crazy this stuff is guys like this whole Elon thing I mean his plan is and I guess from elon's point of view is you know if you go with this you know hire H1B foreign workers to come in and replace the Americans cuz from elon's point of view hey I'm going to
save a buck try to save the government save my stock but it goes counter to what Trump's been saying all along is I'm going to bring you jobs and make America great again elon's like I'm gonna fire everyone and then Trump's like oh well I'll do what Elon says because he's giving me money um does this whole thing like bizarre uh he's Kinder than I would be what is this vampire stuff media Elon Musk who writes this stuff so I guess they're trying to say that oh is Elon Musk the Kryptonite of mainstream media that
they're trying to say okay okay yeah that's smart pick and choose your battles wisely th this this is his platform guys as I said it's like it's like a third grader this one's making a joke here that dead people are receiving elon's mail because they're they're suggesting if you don't respond to elon's mail then they're going to consider you dead and therefore fired what is this people up to um and I got to go over the Tesla stock situation so okay let me let me explain them the simplest terms um Elon mus wealth is based
on Tesla stock okay he's got a bunch of his Tesla stock um they don't pay him a salary and or you know he'll brag about hey I don't get a salary from the government blah right and and know it's like oh I just do this stuff out of the kindness of my heart well let's talk about these two things so first is when you don't take a salary from Tesla that that makes it so that you don't have to pay taxes right there's no income tax because you have no income however uh you do get
a bunch of Tesla stock Tesla stock options so his wealth is based on on the stock and then what he does is he takes loans and and lines of credit based on the said stock and and that's how he funds his Pursuit so many people don't know this he had to borrow money to buy Twitter and then um there was a whole Fiasco of that because Banks took big losses on that thing and and you you there are all these reports it was like the worst deal uh since the great financial crisis it was pretty
bad and then um uh there were now were recently selling off the debt which is kind of interesting we don't know exactly who's buying it there were some reports of some and other reports we're just not sure uh and then we do know foreign money is in uh Twitter talking about Twitter thing be it's Saudi money Russia money Etc even that Puff Daddy dude he put money in the thing that the Diddy guy on top of that with the Twitter thing Elam is trying to raise more money uh to keep Twitter afloat which is kind
of an interesting thing because some people think that and you'll see this because he has his army of sort of influencer Copans to pump him up but some people think Elon is Rich enough to buy countries which way which we've actually seen like oh yeah he can you know more more value than Russia more than Spain which he talked about in Prior videos it's so ridiculous but essentially if you don't understand how Elon mus worth then you fall for these tricks right what Elon Musk or Donald Trump do these are the kind of people that
inflate their their wealth they inflate their income that stuff and something like Elon is interesting because when he um was hired into the government because we actually weren't sure if he was going to be an employee of the government or not later we fig out that he is a employee we don't know exactly where I think the last statement was um employee of the White House which is kind of strange or advisor how they called it and they they were trying to move his position around because they're trying to avoid lawsuits like this whole thing
is Shady the whole thing is Shady right um and the reason why the classification became important is that you know generally speaking when when you you know become a position that say you know in the white house or elon's position people you know want your financial disclosures and they're trying to figure out ways to skirt that right and so it's actually quite interesting um in elon's situation is how much cash does he actually have on hand now if this Tesla stocks crashes like which I think it's going to and he's overleveraged meaning he has a
bunch of lines of credit Etc he may be getting some phone calls Mr margin may be calling saying hey um you're you're you're uh you're uh assets have crashed um please you know anti up we need some cash infusion and so that's why you'll see all these sort of desperate moves from Elon to keep it propped up the problem with Tesla is that he's lost much of his uh Talent over there um people saw what was going on right they're like you know what this is the top I'm selling my stock I'm getting out the
company elon's going crazy and elon's kind of on his own right now um he tried to take you know charge of Designing the Tesla cybertruck with which is absolute disaster as you guys know and then the recent stuff they're trying to claim is that they got these robot taxis coming and these humanoid robots coming which is pretty ridiculous uh the humanid robots the ideas are going to replace humans but then what are the humans going to do plus the robotss don't really work that well anyway and and they're and they're never going to come in
at cost that even makes sense um the the thing with Tesla is like they're they're supported by all these Fanboys that don't really know much about anything they're just a bunch of high school dropouts College dropouts like like really lowly low educated People pump up Tesla it's actually pretty quite laughable um and I'll give you an example so if you think these you know robots come in at 30 40,000 or even 100,000 whatever the stupid price is it's still going to cost more than paying work in a factory say like in a Vietnam or China
where you can pay a worker say 5,000 a year it's something in that nature and so it's like do you really think a company's going to buy you know who knows how much the Rob cost we'll say 100,000 are they going to pay $100,000 on on a robot when you could just pay someone other countries you know 5,000 even maybe even 10,000 right a year no of course you're not going to buy these stupid robots you're still better off going to buy humans um but Elon you know he can sell you these fantasy dreams that
his robots are going to work etc and then the taxi situation so he's trying to convince you that we're going to replace everyone's job and the and the taxis and the Ubers and all that stuff and you're all going to drive Teslas and his robot taxis and it's going to be cheaper than a bus it it's just not going to happen it's not going to happen um and so that's his plans to save the company and then on top of that he gets involved in politics and all around the world and people are just rejecting
his brand and so they're not buying this stuff the stock is crashing and this is what we're witnessing we're witnessing the the largest crash in history and it's actually quite fascinating because to see how long that you can pump this stuff up right it's it's effectively a Ponzi and a pyramid and on top of that a lot of people don't know this uh Tesla and Bitcoin started around the same time right after the great financial crisis and Bitcoin is down as well um both these things are are grossly grossly grossly overvalued You could argue which
is more overvalued Tesla the car company Bitcoin that's a tough one right it's a tough one um these kind of assets be it Bitcoin or Tesla uh they're all based on I'm buying it because I think you know someone else will buy it for at a higher price you could call this a greater fool Theory I'm a fool for buying something like a Bitcoin or a Tesla stock I'm a total fool but if I can find a bigger fool than me a bigger fool to sell it to then I yes I can make money however
it's catching up to you guys right and you may or might not know this but people who buy into Tesla or Bitcoin uh they're often leverag they borrow money to do these things so on the upside right everyone's borrowing money to buy stuff yeah it can go up very very quickly but it can also go down very very quickly in the fact it'll go down faster than it goes up and so that's the kind of stuff that you're seeing today the collapse of Tesla sales the collapse of Elon he's saying hey you get a second
chance to answer his email but I think people are just going to laugh him off again and it becomes a total clown show and this again is is the largest destruction of wealth in history and we're watching it live so keep an eye on this one we'll see what happens and um I catch you on the next video
