Barn Talk - The Tesla Ecosystem And The Dawn Of Web 3.0

Episode Date: November 28, 2021

Welcome To Barn Talk! In today’s episode, we discuss why Tesla is way ahead of the competition, the progress of other EV car manufacturers, the Tesla ecosystem, the Metaverse, what web 3.0 will look like and much, much more. SUBSCRIBE TO THE PODCAST ➱ https://bit.ly/3a7r3nR SUBSCRIBE TO THIS’LL DO FARM ➱ https://bit.ly/2X8g45c SUBSCRIBE TO BARN TALK CLIPS ➱ https://bit.ly/3BlZnqq LISTEN ON: SPOTIFY ➱ https://open.spotify.com/show/3icVr4KWq4eUDl7Oy60YMY ITUNES ➱ https://podcasts.apple.com/us/podcast/barn-talk/id1574395049 ADD US ON: INSTAGRAM ➱ https://bit.ly/3gaobdN TIKTOK ➱ https://bit.ly/3eJfftr #tesla #metaverse #web3.0 ------------------------------- ***PLEASE NOTE*** Barn Talk is a significant break from the typical content viewers have come to expect from This’ll Do Farm. Please be advised that we will be exploring a wide variety of topics (some adult-themed) and our younger viewers (and their parents) should be advised that some topics will be for mature audiences only. Learn more about your ad choices. Visit megaphone.fm/adchoices

So the logical conclusion to that is, if you were Tesla and you've already got internet in all these cars and you've got people in your ecosystem, why wouldn't you just introduce a phone, a cell phone, and instead of being beholden to a carrier like AT&T or Verizon or US cellular, you just say, well, I don't need you. Because I don't need your cell towers. I don't need any of that because I've got Starlink. and I don't need to pay some operator of a fiber optic cable that goes across the ocean. I'm just going to use Starlink. So the day is going to come.

This will be one for people to watch in about five years. You know what? This could be the clip that makes Torquistler freaking famous. Yeah, famously like, look at this guy. He's out of his freaking mind. You guys cannot even lie. You sit here and it's laid out there, right?

Dad just laid that out. I mean, if you're Tesla and you're a technology, company, not a car company that a lot of people think you are, why wouldn't you do that? Why wouldn't you? I mean, so Apple, when they introduce a new phone, they need AT&T and Verizon to push that. They need it because they need the carrier.

If you're Tesla, you don't need them. You can tell AT&T to go jump in a lake. You don't need them. You are your own carrier. And if they do that, the disruption within that media will be, It will be, well, it'll be lawsuit city. All of the food we eat and much of the clothing we wear comes from plants and animals that are raised on farms. Farms are different in type, in size, and even in name.

Welcome to Barn Talk, Thanksgiving edition. The holiday has snuck up on us once again. We're a few, for a few days close to Thanksgiving, I think two days, and then it's time to eat some turkey. A year has passed, a year is almost past. and it's gone way too fast. Every year we get to this time and it's like, wow, what the hell? Where'd all the time go? I seem like, it feels like time just flies by once you get out of school.

Personally, for me, that's how it's been. It's probably because I just hated every minute of school. And I have a lot more fun now that I'm here recording podcasts and videos and on the farm. So Thanksgiving is one of my favorite holidays. I think it's underrated. I don't think enough wives decorate. for, you know, Thanksgiving. There's no turkey decorations.

There's no Thanksgiving decorations that much. And you know what? It needs to be appreciated more because it's got football on that day. It's got great food. And as a dude, what else could you ask? What more could you ask for? And instead of turkey, our family eats handballs, torques handballs, because they're damn good.

And it supports the pork industry. So what, I mean, come on. It's a win, win there. hand balls if we if we could if we could if we could sell handballs direct to consumer to you guys we'd be billionaires by now because torx balls are to die for they're they're they're damn good turkey turkey is a garnish at our thanksgiving so we we have a turkey it's just a token it's just a token uh thanksgiving decoration the real the real meat of the of the day is uh ham balls because you really can't beat that. You really can. Everybody that's had

Torx balls wants them again and again. I don't know. Yeah, so today we're probably going to go a lot of directions, going down a lot of rabbit holes, and you know, that's never really stopped us before. So from the metaverse to the cryptovirce

to dad losing his mind over crazy Uncle Joe, telling us that we should thank Mary Barra of GM for the electrification of the auto industry. We're going to cram as much in as we possibly can without going way over on our time. And speaking of gratitude, we're so thankful for every single one of you guys that has subscribed, that listens to the show weekly, or you know, you're somebody that watches our

daily clips on TikTok or Instagram. Whatever, whatever, no matter what it is, it really means a lot to us. We really, really, really appreciate it. And we're going to try our absolute best to keep bringing value to you guys, keep dropping weekly episodes. And if you're somebody that hasn't really, if you're somebody that listens to the long form episodes or watches them, and you want a daily dose of Barn Talk,

you can follow us on Instagram at Barn Talk show, or you can follow us on TikTok, which is just at Barn Talk. And we have daily clips go up on there. People seem to really like it. Or they really hate it. Or they really hate it. We got some haters too.

But at least they're talking about us. It doesn't matter if it's good or bad, as long as they're talking about it. Yeah, and we really appreciate all the people that have shared the show and do pay the fee for watching or listening to the show. Speaking of the fee, the fee is to share it out. So we don't have any sponsors of this podcast yet. Don't run any ads. We don't run ads.

So we just ask that you share it out, tell people about it, share it with your friends and family. That's the ticketed admission to either listen or watch the show. It's kind of a value exchange. If you get something, share it. don't don't it's the way America should work and we're going to keep simple and keep rocking it with that so thank you to all the people that do pay the fee um so dad why don't you tell them all about what's happening in the market today yes the market update give the best damn market update you've ever given i can do it no pressure each one is better than the last for the most part

uh so we're part way through the day so the markets have not closed yet uh they're close but not quite. So these were the prices the last time I checked, courtesy of cats grain in Washington, Iowa. So corn, 578 on the board, and crazy thing is right now you can get a bid that good or even a few cents better around here locally. River price is a little less than board price, but the feeders around here, everybody wants to get the bins full before winter. Um, soybeans, 1272 on the board. You could actually get 1289 at Quincy, 1268 in Burlington. Hogs are $74.

And I don't know, that's a little crazy. I need to get Jim Long on here and have him straighten me out as to what I'm missing. Um, I don't know. We've been kind of treading around there. Um, I think there's plenty of demand, um, but we're having a hard time, hard time getting much traction on that, uh, on that hog price. And I think the next month that we roll into is quite a bit higher. I think it's about $10 higher.

I think might be $83, but I can't remember for sure. Cattle 135. Bitcoin is... In the shitter. Yeah, but, you know, it's all relative. It'd be a pretty good price if it hadn't gotten as high as it is. Guess what? Just on sale.

That's right. It is on sale. So if any of you need my cash tag to gift me some Bitcoin for the holiday season, I have been very good this year, just to ask my wife. I just got back from taking my wife to Magnolia in Waco, Texas, so that's got to be worth something. Left me here to do all the... You've made up for it this week, though.

I have. Yeah, I left Sawyer here to tear down Site 1 and get all the feeders flipped and everything ready, and it was a good experience for him. Good experience. I've done it many times before. It's just usually I have Dad's help to help me with it. It's always nice when something like that happens,

because for once instead of him eyeing a hammer to hit me over the head, he thinks, boy, I hope he makes it back, because I don't want to put this back together by myself. It's true. I don't want to make that a habit. So Bitcoin's $57,000 and change. Ethereum is actually up today. Among the cryptos that I check,

it was the only one that was up at the time of getting started. So it's at $4,328. Tesla down today. I think the NASDAQ is pretty much down to. day um 11006 bucks and because we're going to talk about the metaverse i figured i'd throw facebook meta it's now meta um it's 300 and 3 35 almost 336 so i don't know whether that's good or bad's down a little bit today but uh we might start tracking that a little bit i don't know we'll see yeah none of this is financial advice might just throw that in here already yes we're not

invested in meta. Not saying you should. Not saying you shouldn't. But yeah, we don't know if that's a good price because hell we are not invested in it. No, I don't really know. I don't follow. The only thing I know about, uh, it's kind of been just the stock of the day, figure, throw it in there. Yeah. The only thing I know about Facebook is that, uh, Mark Zuckerberg, his eyes looking awful like Joe Biden's. It kind of looks like somebody stole. Where's your tinfoil, how? Somebody stole their soul. Where's your tinfoil? Oh, no, I don't think that they're, I don't think they're robots or. I just think that, I just don't think they have a soul. I think that's the problem. You think they're drinking child's blood or whatever?

Oh, that could be. Are they, what's that group? I can't remember what group that is. I don't know, too many things. It's all out there. It is all out there. People got nothing but time to think up of some theories. Right.

If you haven't got a cause, just listen to us. We'll hit a nerve on something that'll get you going. So the first kind of thing that we're going to talk about is something near and dear to dad's heart and my heart. Dad's probably a more diehard fan than I am, but I wanted to just say why we're diehard fans of Tesla because I think a lot of people get this confused, especially on our TikTok account

where we just post clips on there. And when people hear us talk about Tesla, they automatically think liberal, tree hugger, tree hugger, environmentalists, you know, all these things like we think electric cars are going to save humanity. which we don't think that. Okay, yeah, it's great.

EVs might help the planet a little bit, but as far as why we like Tesla, the number one reason we like Tesla is because we think it's going to be a disruptor and one of the most disruptive stocks out there. I think it can be the next Amazon, the next Apple, as far as one of the best performing stocks ever. We've touched on this a little bit before.

I would say I'm probably more tech interested among my demographic than a lot of people my age are, but I don't feel like I'm that really far. But how this whole thing got started really was I had a 401K. I had a retirement plan at a company that I worked at that I had rolled over, and I had to do something with that money. And when I listened to my financial rep, everybody tells you, you know, oh, you know, put it in this mutual fund

or that target mutual fund for your retirement date. Well, you know, I'm a farmer, so I just figure I'm never going to retire. And so I, that didn't hit me. And long story short is I got down a rabbit hole on Tesla and I actually downloaded the annual report and fumbled my way through that. and man the more I looked at it I was like these guys they are on to something and it's gonna this

deal is gonna work and it was when everybody was like they're it's never gonna work they're never gonna get the model three productions never I mean the production's never gonna be you know good on model three they were going through all their problems and I just said you know what I think they are I think they're gonna get it figured out and they did and the stock responded accordingly And then that really sent me, that was probably the, you've heard us talk about betting on yourself and doing your own research and doesn't matter what, you know, what I say or what it Sawyer says or what you read here or there, you got to do your own research. And make your own opinion after you done the research, really done the research. And that was kind of, that was kind of the aha moment for a lot of that. And then that, in turn, sent me and in turn kind of my family.

Well, it made you a believer. Yeah, it did. I mean, you were a believer, but then when it worked, and you were like, okay, yeah. But my, so my whole, my whole motivation with Tesla is, I'm a greedy bastard, and I want to make, you know, I want to make money. I want to see my, my saving the money I save. I want to see it grow. And, and Tesla's done that. And I think they're going to continue to do it. And, you know, you can argue the environmental part, because there's just as many people on the other side that they're convinced that, uh, strip, stripping lithium out of the plant, out of the ground is the dirtiest thing. It's dirtyest thing. It's dirty. year than mine and coal. Guess what?

That's not what our main... No. That's not why we're so high on Tesla anyway. You know, that doesn't affect us when you say that. I mean, aren't they early on, though, in trying to recycle these batteries? Oh, yeah. They're totally are. It's just like anything when you start out, yeah, it's probably not going to be the cleanest.

It's probably not going to be the absolute best way it can possibly be. But in time, it will be. But anyway, the other reason why we love Tesla is just the cool factor. Yeah. We love disruption. We love new stuff. We love tech. And Tesla, I can speak on this.

I've ridden a Tesla. I've driven a Tesla. My girlfriend owns a Tesla. It is like no other car slash vehicle you've ever driven slash ridden in ever before. Elon Musk sat down and said, what can I do to make the driving experience for the average person out there significantly better? And he put it all in that freaking.

car or all of his cars because it is fun it's fun to drive it's easy it's techie it's everything you think that you could go in a car to make it a better experience it's in that thing it's in that thing so it's cool factor and we're high on it because we think it could really do well for our future and for the future of the world i kind of like and i kind of like it when people get pissy on ticot it's it's so funny to watch it because um i when somebody watch like there's a clip on there I don't know. One of them about me talking about Tesla changing the, changing the how people work because they're going to, they're going to displace a lot of workers as we go to EVs because people,

that's a whole other deal. You can watch that on one of the past episodes. But, you know, people are just pissed. And I'm sure they thought that I was some, you know, just left wing. Well, there's a lot of people that liked it. No, but there are a lot of people that don't like it. And I think they look at it and they're like, I'm, you know, liberal bastards or whatever. And then they see our profile. And, you know, there's me with a pig and I'm raising pigs and I'm a farmer.

And then they got to be just like mind-blown. If they even go that deep. Well, right. But, you know, it's... And so what I'll say about that is, you know what? Everybody, you need to be careful what you hold on is your paradigms. Because anybody out there today that is like, I'm this. And so everything that goes with this, I believe in that.

Well, you aren't doing your research. because I would, you know, obviously you can all probably figure out how I identify politically, mostly. But I want, you know, there's things that are important to me that obviously aren't important to other people that share my views on this or that. It is so funny. You put one thing on there that might go to one side or the other and they automatically think that they categorize you into this person or this group. off of one opinion that you've had. And it doesn't even have to be opinion. Look at all the people that got worked up over the British pound.

So I made the comment that the British pound is the oldest, and I got to emphasize this, oldest currently existing currency. In other words, you know, not something from the past that nobody uses anymore, but a currency for a country. And the British pound is the oldest one because it goes back further than the American dollar or anything like that. and I mean people there are people that were

one there there are yeah obviously gold salt gold's and gold's a yeah and I'm like yeah I know gold but gold isn't a currency currently no country is they're not using the counter

and throw a gold yeah but anyway you know it doesn't really matter one way or another because like my old boss used to say it doesn't matter if they're saying anything good or saying anything bad as long as they're talking

about you so I guess that's the main thing just wanted to clear that up you know I think most of you guys understand that. You probably know that we like Tesla for those reasons, but I don't think we've ever really shared exactly why we love it. Yeah, we'll just leave it there because we're going to get into all that as we go today. So this episode, we weren't really sure what we were going to do. I honestly started out, and we need to do an episode about it.

I really wanted to talk about thankfulness and gratitude for Thanksgiving because I don't feel like, and Sawyer kind of touched on that, and the fact that Thanksgiving kind of gets kicked to the side because commercialism has pushed everybody to Christmas. Because I'll give my wife as an example. Shout out to the mercantile. There isn't a lot of stock in her store of Thanksgiving. You have Halloween and then you go right to Christmas.

And there's not very many turkey towels that get sold or turkey signs or whatever. You know, whatever it is. Not much of that gets sold and go right into Christmas. but last week Joe Biden who Jimmy Carter's got to be just loving Joe Biden because Jimmy Carter's stock has come way up

I thought Obama did a lot to help Carter out but oh I think Biden's he's doing way more because that guy I don't know if he knows what he's saying half the time but he was giving a speech in Detroit which I realized he was in Detroit so he's talking to the home crowd and he picked up Mary Barra, who's the chairman of GM,

and he put her on a pedestal and told the crowd that basically her announcement that GM is going to have a million, what is it, a million EVs by 2025? Is that right? Or 2030? I got it written down. I got to see. I got to see.

Yeah. A million, produce a million EVs by 2025. And I mean, he... That's even worse. He told these people that she single-handedly is going to electrify America. Well, okay, here's a problem with that. So currently, the only EV that GM has produced is the bolt. And they've produced about 100,000 of them in four years.

And guess what? Every single one of them is involved in a recall because they bought these batteries from LG. They don't make their own batteries. They don't have any battery production. And they bought these from LG. LG is not the epitome of battery technology. And they have a slight problem with them. You don't want to park them in your garage because they could catch on fire.

And they have caught on fire. And it's a big mess. And they're actually shutting down the bolt plant until the end of the year because they got all these cars. They got a recall and put new batteries in them. So they're not making any new ones. And they've laid off all the production work. workers except for the people involved in doing that.

So GM, and I'll tell you something else, if you go back to the 80s, GM was a pioneer. So GM is like Kodak. They were a pioneer in the EV space. They built one of the first EV cars that could have been mass produced. And the reason they did it was because California passed some of the strictest emission laws in the country. and they didn't think there was any way they were going to get around it. And they put out, I want to say it was the one, maybe it's called the one, I can't remember for sure.

But anyway, they put it out, and, I mean, it was crude by today's standard, but it was state of the art then. But then they and all the other big auto manufacturers sued the state of California, and they got the emission laws changed. And as soon as they got them changed, they killed that project. And basically they did, like, Kodak, the one that invented digital, photography and they invented digital photography and then they realized if you did that you don't need to buy film and they made way more money off film than they do off cameras so what do they do? They

killed it they put it on a shelf and they crossed their fingers and hope that nobody found the technology and as we all know the rest is history people did Kodak went out of business. GM has done the same thing so today the only reason that GM is out tooting their horn saying that we're going to do this this and this is because of Tesla. Tesla pushed that. When the Model S came to market... Well, they're pushing everybody. That's the other thing. Yeah, they are.

Those are the other comments that I love seeing on TikTok. That's where we get most of our feedback, to be honest with you guys. People are saying, EVs aren't the future. Evs aren't the future. They'll never go. It will never be electric. Power grid isn't going to be enough. It just won't work.

Right. You are out of your freaking mind if you don't think that's the future. It is pretty apparent now that that is the future. Every company is coming out with some kind of launch, 2025, 2030. You know, what name it. They're saying we're going to have electric cars at this date, and it's because, guess what, it's the future. Because Tesla's driving that.

And we'll go through, we're going to talk about that because my point of all this is that basically Legacy Auto is lying to every single one of us, and they're lying to their shareholders, and they have been. and GM's just forefront of my mind because she's out there, and there's a great, there's a great YouTube video where somebody put together all the clips of her starting back in like 2017, and it's fun to watch the progression of the lies she's told as far as, we're going to have this by this date, this by this date, this by this date,

and then the goal post just keeps going like this. The year gets another year comes. The gold post keeps getting further away. And so here, they said, they said between, she said this for about three years, 2017, 2018, 2019. She said by, that they would have 20 EV models. And I can't remember what the year is. I didn't put it down.

But if you went to the LA lot auto show this year, they didn't bring one EV. That show just got over. They didn't bring a single EV because they don't have, I mean, they've got the summer and it's $150,000 and they're supposed to be getting the Cadillac lyric, but it's not anywhere close to production yet. So they got, they're selling a pipe dream that they're going to have all this,

and here's what this all comes down to, and I've said it before, and I'll say it again, these guys don't have the batteries, they don't have the technology. Nothing they own is proprietary when it comes to the batteries. They're relying on somebody else to build the batteries. for them. And do you know who the biggest consumer of batteries among every major builder of batteries in the world is? Tesla. Not only that, but Tesla has proprietary technology to build the batteries that they use, that they license it to these companies to build for them, which they will not build for somebody else because they don't own the technology.

Tesla also is working feverishly to secure the raw materials that will go into the batteries. Those raw materials may be supplied to three or four different manufacturers, but Tesla is going to own the rights to the raw materials. None of your other companies are doing that. And we'll just go through the list. I'm going to try to do this quick because when I started going last night, I ended up with a lot of bullet points. There's a lot.

There's a lot of bullet points there. But so it's claiming now that by 2025 it's going to produce a million cars, and that sounds good. She said that at that. GM is. Mary said that. Here's what you don't know in a sound bite. GM has an agreement with a Chinese company that is producing an ultra-cheap EV in China to, today. It is. So when

somebody is bagging on Tesla, they will say how that they are not the number one car in China. They are not. Their Model 3 or the Model Y is the number two. And the reason is the number one selling car in China

is, and I'm going to slaughter the name, but it's the Hangong Hangong Mini. Hangong Mini. Hang on Mini. I think you got it. And that car sells for 4,300 hundred dollars American and it looks like one of those microcars that you see around that some

people have i don't even who makes that thing but every time i see one i'm like oh my god if you're in any kind of a wreck you're like you're toast it's basically big enough for two people and i mean it's tiny it's it's smaller than a ugo like when i was a kid what about did it does it look like one of those what was that uh that toy you i had when i was a child it's that yellow it's like that yellow it looks like you know what i'm saying yeah is that that that but just bigger. The pedal car? Yeah, a pedal car.

Well, you know what it looks like. It looks like, shout out to Phil Zimmer. It looks like Phil Zimmer's blue, what was that? A Fiat or a Fiesta. Ford Fiesta. It looks like a slightly smaller Ford Fiesta. Hey, at least there's back seats in that, though. And I don't know if there is on this or not.

I don't know. Anyway, they're counting what they sell. And like, they're selling, I want to say, they're selling like 100,000 of them a year right now. And they're trying to ramp that as fast as they can. So when they say they're going to have a million cars, on paper they could because they're going to have this partnership with this Chinese company. And probably 600,000 of those, they're figuring is going to be these cars sold in China. And I don't even think they could build 400,000 EVs.

And they sure as hell aren't going to sell 400,000 hummers for $150,000 apiece. And they can't get the batteries to do it anyway. As I go through this, you just got to keep in the back of your mind. what it all comes down to is how many batteries can you get and most of them they don't have any idea where they're going to get the batteries they're just hoping that everybody's going to ramp enough that they're going to be able to get them um they claim also that they'll be a hundred percent so this is where the people that come after us and say oh we're never going to ev well if we're never going to evy every automaker in the world now is saying that they're going to get to 100

percent EVs. I just, that blows my mind that people are still at this point where they say this shit. And we can argue the point to whether that's the right strategy or not, but here's what I've, what I've said for quite a while. Politically, both sides of the aisle have bought into it and they're both using it to buy votes either way and also around the world. All these politicians have gotten behind it that if you are in the oil and gas industry, you are on the wrongs, side of politics now. And I'm not saying that's right or wrong. I'm just saying that's where you're at.

And what are you going to do about it? What are you going to do? That's the thing. It's like everybody can hate and hate and hate, but the world's going to move that way and you're going to be just sitting there twilling your freaking thumbs after it happens when you could have done something. Well, you could have profited from it. Yeah, you could have profited it from it. And I'm also not saying there isn't something out there better.

I don't know whether EVs will be a transition to something that's even better than that, both economically and environmentally. but I do know that in the short run, that ship has already sailed. This is the way it's going. So GM claims it'll be 100% EVs by 2035, and they might be able to get there because I think they'll lose 75% of their market share, and that's not a number I got off YouTube. I literally just pulled that right out from underneath my hat

because last night I was thinking about how much the chip shortage has hurt new car production and the rate of adoption for EVs and all the problems that they're having produced in EVs. And all the incentives that we'll get for if you purchase an EV? It could be a deal where, yeah, they could make 100%, but their business is a quarter of what it was at its heyday. So anyway, Ford, they just up their EV target

from 300,000 to 500,000 to 600,000 of EVs. Like total cars, total vehicles? Total EV vehicles. Okay. So they make the Mustang Machi, and they're going to make the Ford Lightning, although it's not out yet. I will say I think Ford is a little bit ahead of GM.

GM's probably right now, I'd say... They're head of Chrysler, and that's it. Yeah, Chrysler's... I mean, they haven't moved at. They're in trouble. They're in trouble. I'd say Ford is above GM. And then what, Volkswagen's probably number two?

Yeah, I'd say Volkswagen is... Or the existing automakers that are trying to... transition from gas to electric. Volkswagen's probably number one. Yeah, and we'll get to Volkswagen. They got their own problems, but it's kind of self-made. The problem with Ford is, is where are those batteries coming from? Because they don't, they, they switch that number and they have announced nothing as far as battery production or where they're going to get them. And that's what you've got to ask yourself. And then the other thing that's kind of funny about Ford is, part of the reason that Biden has jumped on GM so hard is because Ford's actually ahead of them as far as the Mustang

Mach-E. It's a pretty decent vehicle. It's got a few problems, and it's got some battery issues as far as how, if you really rot on it, it doesn't hold a charge, and it eats up the mileage fast and all that. But it's, hey, it's pretty good, and I think the F-150 will be good, too. But the Mustang Mach-E is 100% made in Mexico, so that doesn't help the union. They don't like that very well. And so that's why you see Biden not really jumping on their bandwagon too hard. So Rivian is the next one on my list. And, you know, Rivian was near and dear in my heart. I actually had a deposit on a Rivian pickup. Rivian is a startup. They bought the, they bought a heavy truck plant in Bloomington, Illinois. I actually went to the, I went to the reveal in New York City,

loved it, had a great time. I think. it's a great truck. There's a few of them out. People have reviewed them. It's great. The problem they got is they went public, and right now, they're valued, they're valued greater than General Motors is, and their production, their production estimate, they're hoping by 2022, where did I put that? Oh, they're hoping their production will be a million cars by 2030, which that sounds good, right? The only problem with that is if they can accomplish that, that will be a faster ramp than what Tesla did. And they were unprecedented as far as how fast they did it. But then the other problem is that even if they do that, their valuation today is greater than General Motors,

and their valuation is 15% of the production of GM. So it's like on the one hand, and the stock price has really suffered the last few days, and it's because people are figured out that, okay, on the one hand, the valuation is too high, and on the other hand, the production is too low, and you can't reconcile that,

and I just don't know how they're going to make it long-term if they can't ramp that production, faster. And here's my two cents. They have no proprietary battery technology. I think they're buying their batteries from Samsung. And they have no long-term contract. And they have no assurance as far as as far as how many batteries they can get. And that's, that's going to be the killer is how many batteries you can get. So then lucid, lucid just, the lucid air just got car of the year, motor trends car of the year. Super cool car. The guy that is the smooth, talk, British chap that is the CEO of Lucid. He was an engineer at Tesla and they had a falling out and

I think Elon will have some choice, has had some choice words to say about him, but it is what it is. I think they got a truly great car. It's expensive. It's, you know, over $100,000. They're going for luxury. Yeah, they are going for luxury. Okay. But that, their goal is to have 20,000 be able to produce 20,000 cars a year by the end of 2022. It's not near enough. I mean, it's not near enough. Well, I'd say it's a little more reasonable. At least they're honest.

No, it is, you're 100% right. It is reasonable. That's right. But it's not enough. I get what you're saying, but it's better than GM or Ford saying 300 to 600K. And you'd be like, okay, well, how are you going to do that? At least Lucid's like, okay, I can see it getting 20K. No, yeah.

Maybe they're going to overperform. And that'd be, you know what? That's better than saying you're going to do something and not. Yeah, as I'm rambled along, that reminded me the point that you made before we started. Yeah, I was about, I was actually going to interrupt you, but I was just going to wait until you got to the end here. But I think another thing people think is that Tesla, everyone that likes Tesla, they, everyone that's not a Tesla lover, they think that Tesla has to own the whole market to win. They have to own the whole EV market to win.

win. And that's not true. That's, that was never Elon's, that was never Elon's mission in the first place. He, he wasn't trying to own the total market of EVs and he doesn't have to for Tesla to be a successful company. It doesn't have to be that way at all. So like, I'm rooting for Lucid, you know, like, good for Lucid. I'm, I'm rooting for Ford. I think Ford's, you know, Mustang looks cool. I think the Ford Lightning looks cool. But are they going to outpace Tesla? Are they going to be a better EV company than Tesla? I don't know. All these points you're listed.

It's just showing that probably not. Here's a tidbit. So there's a great, there's a great bit on, I can't remember who interviewed him. Doesn't matter. But it is a guy that owns, he owns a company called Redwood Materials. And they're, they're on the cutting edge of recycling all these batteries, not just car batteries, but all kinds of lithium ion-based batteries. But he was one of the founders of Tesla,

and he left after the Model S was launched, and when the stock went public and when they were in the midst of Model 3 production hell. But he left because that was never really his drive, and he talks about how they honestly thought that if they got to where they produced the Model S, that the rest of the auto industry, that the Model S was going to be so good,

and they were going to prove the technology that it worked, they really thought that the rest of the auto industry was going to be like, well, holy shit, this works, and they were going to pick up the phone and call them, and Tesla was going to license the technology, and other people were going to use it, and they weren't ever going to produce anything more than the Model S and maybe the X, and it was just going to be a luxury deal,

and they were going to make all their money just licensing their technology. And when that happened, nobody called. Nobody called at all. And he said they were just like, well, what the hell? And that was when Elon said, well, I guess we're going to have to do it ourselves. And then that's when he parted,

because that wasn't what he wanted to do. That wasn't his focus. And anyway, it's a really good. story but yeah you know Tesla's mission was to speed up the conversion to sustainable energy not only for the auto market but for the energy production market and all that and then you know just it just so happened that nobody bid on it and so now you have Tesla producing cars but that isn't how it started out that's not how it's going to end either it's not it's going to end another thing test this is one piece of the pie

of Tesla. Like everyone, all they think about is EVs and what they're doing with electric cars. When you hear Tesla, that's what you think. But if you dive deeper, they are a technology-based company. They are in tech. They're tech.

They're not just a car company. They are tech. The saying that software will eat the world, that's Tesla. Because it isn't the car that makes them so successful. Or going to make them So this, the electric car that they produce is great,

but I don't think that's what's going to make them the next Amazon. All the other shit that they're going to add on top of the car that they make is what's going to make them great. It's, you know, you buy an Apple phone and the next thing you know you have AirPods. AirPods, and then you have an iMac. You've got a Mac instead of a iPad. You got all that stuff. And it's like you get it ecosystem. They say people, you know, they get into Apple, and there's Apple people, and then there's

everybody else. Android. And it's because you get into their ecosystem. Well, what Tesla is building is going to make Apple's ecosystem look like a resort community and not like a world. Tesla's, it's kind of insane. But anyway, well, and I will talk about it. that because that kind of struck a nerve.

Honda, you haven't heard much out of Honda, they announced that they're going to be 100% EV and fuel cell by 2040. So boy, you know, they're really getting out there. So Sawyer, you have time, you have time to get married, have a kid, raise that kid up to 16 years of age, and still be able to buy him a gas car from Honda before they'll switch to EVs. So they're really putting their neck out there.

I think there ain't going to be a crack to make it. putting that out there to say, yeah, we'll keep making four-wheeler. And the last one I'm going to talk about is Volkswagen, because you touched on that. And Volkswagen, the guy that runs Volkswagen, his name is Herbert Dees. Herbert Dees is his name. Smart guy. He gets it. He totally understands what's going on.

He totally understands what Volkswagen needs to do. Here's the problem. nobody else within Volkswagen wants to listen to him because the transition that they're going to have to do to be able to stay competitive is going to be very painful from the employee side

and the unions in Europe, they're not called unions, but the work groups there are very powerful within the company. And I mean, let's face it, nobody wants to lose their job, but the simple truth the matter is, is that if you're going to manufacture EVs,

it takes a lot less people to do it. And the production has gotten a lot more automated, thanks to Tesla. And they, he knows. And so it hasn't happened yet, but it's pretty, it's getting out everywhere this last week that he's on the outs

and they're looking for a replacement. And you know, I wouldn't be a damn bit surprised. I was about to ask you, do you think he's going to wake up and smell the Tesla roses? I wouldn't be surprised. Well, so there's a lot of speculation. that Elon really doesn't want to be the CEO, that he just wants,

he just wants to do research and do what he does, and he's so involved with SpaceX, there's a lot of speculation that Herbert Deese could come to Tesla and be the new CEO. And I think he'd be fine at it. He's a sharp cat. But, so Volkswagen's got a lot of problems. And I mean, Volkswagen, if you don't know, they own the brands Audi, BMW.

That's all part of the, Volkswagen group. They've got a lot of problems. They're number two, though. I'd say out of EV, you know, promising EV companies, they're number two. I mean, not EV, but they are. And I mean, automakers. I didn't touch on it. They've got a plan as far as what they want to do, electric. You know, they're producing the ID2, the ID3, the ID4. They're selling them in China. They've got a lot of problems with them, a lot of software problems. Their idea was that they were going to do like Tesla when they released these cars, that they were going to get. better over time because they were going to do software updates over the air and they haven't been

able to get that to work which that really that brings me to kind of our next point about software eaten the world but with Volkswagen my kind of my tie into that is and I had no idea that this is the way cars are today but did you know that within your average automobile gas or electric there's over a million lines of code within the software that makes everything work from your power seats to your seat heater to your AC to your navigation to you know managing the coolant everything runs on software

and the companies that manufacture the cars without with Tesla as the exception none of them make the software there's 50 suppliers right 50 different suppliers Up to 50 different suppliers supply all the pieces and parts that go into a car. One car. One car. Up to 50 suppliers to make one car for software.

Well, just for everything. You know, the radio, the ball joints. No, yeah, the software to make one car work, they might have to work with 50 suppliers. I'm going to use Volkswagen as an example. So the ID3 has 52 different what they call ICUs. So like, I'll just use the AC unit, the climate control. Whoever supplies that system with all the pieces of parts, it all talks back to basically a little hard drive that has the software in it that makes it all run.

And they're usually in an aluminum block and they vary in size and they're screwed to the firewall or offender or somewhere. And in the ID4, there is 52 of those ECUs, and they're made by between 15 and 20 different companies. So you might have one company that makes multiple things. So there might be one company that has five ECUs in there, but you also might have, it could be that you have 50 different companies and they all have one.

It just depends on what car it is. But the problem that the auto industry is running into is all that stuff has to talk to one another. And so you have different companies. Somehow somebody's got to coordinate that and make it all work. Well, as you go down the path to EVs, that becomes that much more complicated because the electrical system is so integrated or so important to that car working. And the amount of problems reported based on software problems has just grown exponentially year after year after year. And it's to the point now where it is the most reported problem on a new vehicle is problems with something not working because of software. And that's only going to grow.

and my point to that is Tesla writes their own software they built that car as one integrated system and if they buy apart from a supplier they write the software

that's in that ECU and that is what got them through the chip problem well I wouldn't say got them through because they're still fighting that everybody's still fighting it but, you know, we talked earlier this, went earlier this fall, how at one point Tesla was using, what was it? All different kinds. I don't know, I don't remember how many.

Like eight or 12 or something. They're using a number of different chips that were supposed to go in other vehicles and they were rewriting the code for them. Yeah, they were just bringing them in and writing new firmware and using them. And they were using them to do the same thing where everybody else has been waiting for their specific chips.

So we just talked to one of our guy, a friend of ours today. We were talking that ordered a brand new Chevy pickup. and when he gets it, there's going to be things that don't work on it. They already know they're not going to have it because they don't have the chips. And they told him that they would just give him basically house credit when it comes in if it doesn't have it. And then they'll call him and they'll basically do a recall. And when they get the chips, then they'll put it in because they still don't have them.

So that's just another point where Tesla is just... Miles ahead. And they're getting even further ahead. They hire the best software designers in the world. Oh, yeah. didn't even talk about that. Manufactures a car in half to one third of the time versus everybody else. Yeah, so that was one of the things that got Herbert Dees in hot water was he had it, he sat down all of his managers in, I don't know, Berlin or wherever their, their headquarters is. And he told

him that, you know, it takes, he had how many minutes it takes to manufacture a Volkswagen ID4 or a Volkswagen Jetta or, you know, know, whatever, and how many minutes it takes Tesla to manufacture Model 3. And it was like a third of the time. And he said, if we can't figure this out, we're done. And that got him in. That started the train because they didn't want to hear that. Because part of the problem that they have and a part of the problem that a lot of legacy automakers have is this idea that they want to.

employ as many people as they can. And it's killing them now. And it's going to be interesting where that all goes. That's going to be a weird, that's going to be a weird spot in society or when that time comes when we're going to have to get, or to produce more, we're going to have to get more automated, yet we're at this weird time where they want to employ so many people and it's going to clash. And I don't know how it's going to go, but it's going to be universal, basically. good. Oh, yeah. We've talked about that

before too. You're just going to get to a point where jobs that can be automated will be automated. So today, we got all these jobs that we can't get people to work and a lot of those are service jobs and they're going to do their best

to try to, as it doesn't get better, they're going to try to automate that. And then it'll go from not enough people to do those jobs to not enough jobs for those people that want to do them. I mean, I obviously think there's going to be some traits though that just have to stay unless they come out with a full-on robot no a full-on robot to do it no they they 100% are like a plumber a plumber i'm a electrician

concrete concrete a mechanic oh no maybe oh i yeah you're still going to need a mechanic because all the software and because yeah like we say that tesla you know what's great about evs is there's not so many parts but there's a lot there's still they still got parts and the machine that makes the machine. Right. Yeah. So instead of fixing the car, they're going to need people to fix the machine that builds the machine. Yeah. Right. Yeah. It's just going to be different. But it all comes down to the trades. So, you know, let's go off into the education deal. You know, we've educated a whole generation of people that went to school to learn business. We went to learn business. We learned to philosophy. We went to learn textiles and fabrics. We went to learn sociology. We went to learn

psychology. All this shit. And there are not enough jobs for the, or I should say, there's so many people educated in those things that they don't pay worth of crap because you can get, you know, you take like sociology or psychology, you have to basically, if you want to make any money at all, you better have your masters because there are so many people running around with the sociology degree. Psychology. Or psychology degree. And I mean, Lord knows.

I mean, I need a psychologist. There's no doubt about that. Just ask Tricia, but it doesn't pay. You got to have a damn PhD to get it. And you're going to end up with this, however, hundreds of thousand dollars in debt if you go to school that long. Well, right. And I'm not going to help them because I'm only going to tell them they're wrong.

And I'm not going to listen to them. Then I don't come back. Yeah, I think, you know, I think being a tradesman is definitely, you're on the right side of this time. If you are, 100%. trades right now, you are on the right side of this because this time, because it is getting to the point where we have all these kids getting these degrees and these things and there's just not enough jobs for those specific degrees versus we got all these old baby boomers that are

retiring being business owners. They're a plumber for this many years. They're electrician for this many years. They're getting old. They're ready to retire. They're ready to sell their business. And that means there's opportunity. And there's nobody to take those jobs. There's no one to take them. I don't know what the specific stat is, but it is significantly, there's significantly amount, there's a large amount of people retiring out of trades than people getting into them. So there's a massive opportunity there. And I'd recommend you either, I'd recommend being your own business, being a business owner of a service trade job like that. That'd be, that, that's the future, I think. Yeah. And the other thing is, we got some soft-ass mofos that don't want to put in a day's work either. Well, and that's the problem. I mean,

I mean, they're not glamorous. They're not glamorous jobs. But they're going to pay because guess what? Demand. There's not going to be enough people to do it. So you're going to have to pay you more. But let's talk a little bit about the Tesla ecosystem. How far are we going to go out on this?

I don't know. I just want to talk about all the things that they're into that I don't think everybody knows. And just kind of paint the picture of, holy shit. They're literally going to own every single piece of this puzzle. The first, the easy parts of the puzzle is they are in production of the Tesla semi.

And the Tesla semi is going to be, it'll be a bigger contributor to their bottom line than cars, just because the profit margin on it is going to be obscene. But basically, they're going to manufacture a semi that has a five or 600 mile range, and you can get 400 miles of range charged within 30,000. minutes and its capacity is 80,000 pounds just like, you know, they can pull 80,000 pounds, just like a semi.

Their maintenance, their total cost of ownership, way less. And then it goes right into, they may get to the point where they actually don't even sell those semis. What they may do is you may see Tesla freight. Because if they perfect, well, I shouldn't even say if, when they perfect full self-driving to where you could get a Tesla Uber to drive you without a driver, which that's going to happen. And the semi is going to just do it. So then you get a deal where Tesla may just say, you know what, we're going to build these semis

and we're going to do long-haul trucking where... We're just going to own our own freight company and get ourselves. Well, I think they might do a little bit of both on them. They could go either way, but either way, that's going to be a nice addition to what they already got going. Right. And so then all these cars, all these trucks are going to need to be charged. And so Tesla has two factories, one in China, one in the United States. They're going to open one in Europe, where they manufacture the chargers that charge cars. And now they've opened their charging stations up to other people's cars. So the plug that is on a Tesla is proprietary to Tesla. Most everybody else uses what they call a CCS charger, which is kind of the standard in Europe. And they now are making and selling an adapter that you can charge your Mustang Mach E at a Tesla charging center or station. And the other problem is so people know Electrify America is one of the EV-Go, Electrify America.

Those are some of the companies, excuse me, that are making chargers. But their infrastructure sucks. And people, their apps are terrible. They don't work very good. people go to these and a lot of times the charging station doesn't even work, you know, or maybe there's one or two there and only one of them works. Tesla is the standard. They're the gold standard, and they're just going to keep building that out.

And it's going to get to the point where they're going to make a shitload of money charging anybody in everybody's car. Yeah, they're going to sign. I mean, they've already signed a deal. I know where we live. They sign a deal with high V. Yeah. And it's come and go, come and go.

They're going to sign deals with, I mean, let's think about it here. They're going to sign deals with hotels. because what are you going to do? You're not going to charge your car when you're stay at your room. They're going to sign as many hotels as they can. They're going to sign grocery stores. They're going to sign gas stations, I guess,

until gas is irrelevant. They're going to sign... I mean, think about all the places that it would be a convenient place to charge your car while you're doing something. They're probably going to have a charging station there. It is a vibe when you go and charge your Tesla car because it is an experience,

And when we talk about ecosystem and how Apple's built this thing where it's, you know, your Apple and then it's everybody else. It is going to be that way for Tesla when it becomes everyone's kind of on board for EVs because right now we're still at the split where people are like, oh, screw EVs. But once everybody's there, you can see even right now, like Kat and I have gone to a Tesla station and then somebody pulls up with a Tesla right beside you or close to you at another charging station at this, you know, center. There's like six stalls. stalls, you know, and they just get out when they look at you and they just, you know, give you the head nod. And you're just, you know, it's a community thing and it's, it is cool. It just is, it's a cool thing. And then you see, I also like to, I also like to sit there while it's charging and just look at everybody that drives by because you can just see who's interested and who is just pissed that you're even. Yeah, that you're even there. The people that look seem to be interested, you know, they'll look and they'll do a double, they'll do a double one of these, double tape. And then there's the people that just

Stare straight ahead and they just don't want anything to do with what you're doing. They say, screw you. Well, they're probably regulars and they've just seen it a million times too. Who knows? But it is a vibe. I will say it is cool. And I think that people are going to get with that too. Yeah.

So the charging is a big deal. They're going to make money off that. And then solar, they're making solar as fast as they can. They've really gotten into what they call these megapacks. And I won't go too deep in that. than to say that they're starting, a lot of these power companies are starting to do these big battery backups on site so that when you have a situation where you have a lot of,

say like here in Iowa we have a lot of wind energy, but you can't, the wind doesn't blow all the time. Or if you've got a big solar array, obviously the sun doesn't shine at night, and they're selling these ginormous batteries. packs on the on the utility scale where okay you store that energy when the turbines are producing and you store that energy when the solar is producing or you just have it so that your coal fire plant or

your natural natural gas fired plant can operate at a consistent rate because that's when they can make power the cheapest they don't like to have to kick the what they call these paker plants on where they bring them online when they have a big rush. So what they're doing is they're putting these battery packs, these megapacks in, to store either the energy they produce for when it's not being produced, or when they get a big power surge, they don't have to fire up a peaker plant. They can just draw down on these batteries, and then at night or off-peak time, then they replenish them. And there's other people doing it, but they're the dominant player in it by far. And it's a huge moneymaker. When they do

perfect autonomous driving they are going to I don't know what that looks like I mean you talked about it they partner with Hertz yeah they're in Hertz is in talk with Uber yeah I mean they could very well

I mean I don't know where they go with that but they very well could be they could put Uber out of business unless they partner with them because if your Tesla could drive itself and you know you got Tesla drivers instead of Uber drivers.

Right. And you get a fee for every single person that, every single person's car that's driving passengers around. You get, and Tesla gets a fee for that, a percentage. And the person, the owner of the car gets a percentage. Well, yeah, the person that owns the car is the Uber driver, essentially. But here's a scenario. Think about this scenario.

If they perfect, when they perfect full self-driving, Sawyer's girlfriend works, works in Iowa City. She goes up there every day, leaves here seven o'clock. 645, whatever. Imagine if she goes to work, drops her car, the car drops her off, she goes to work, and while she's working, her Tesla's out making her money, Uberin. And then she has it set so that it's back there by 3.30, parked,

and then she gets in, brings it home. So not only is she getting paid, her car's working for her while she's at work. Your car has now became an asset for you. Mm-hmm. and that's, I don't know what that looks like because they could very well partner with Uber and not do it themselves.

But either way, they're going to partner with Uber and make a shitload of money there or they're going to say, screw it, we're going to do it ourselves and just put Uber out of business. Right. So that's another big thing that people don't really realize.

Yeah. Then the other thing is all the shit that's in the Tesla, all the apps, entertainment, all the entertainment that's in that car, which, was mind blown when I got in there and realized how much actual shit is on that thing.

I mean, you can watch Hulu, Netflix, YouTube, T, anything you want to do. There's games on there. There's all kinds of stuff. But they're trying to develop their own, like, apps, own, social, own, like, media shows, series, own stuff on there. So it's like exclusive. Exclusive Tesla content on there. And exclusive shows on there only for Tesla.

So they're becoming like a media company too. Yeah, and then your other companies will pay them to get into Tesla Network. They'll give, so you pay your subscription to Hulu. At some point they get to scale where they just say to Hulu, okay, well, we want, we want 2% of Sawyer's subscription to watch Hulu on his Tesla. And when the demographics get so big, Hulu's like, I got to do this. got to do it because otherwise they're going to miss out on that huge market. And so,

you know, that's all out there. So then you get to the- And that's just one app too. I mean, there are tons of apps on that thing. Yeah. And then on the solar, people that have solar on their house, they're already doing this in California. But so if you're in a situation where you have peak and off-peak hours, or what do they call that, they call that time of day, the way the pricing works, it's time of day pricing. So you pay more. for power, you know, from 3 o'clock to 6 o'clock in the afternoon, then you do from midnight to 6 a.m., obviously. Here in Iowa, we play flat rate.

We've got some of the cheapest power in the country, but there's places where it's tiered. So people that have solar, they have the software. It will manage it for you. And if you have the Tesla power wall to store that battery, which is just a smaller scale megapack, they will get to the point, and they're doing this, I think they're doing this in California, but I don't think people are getting paid for it yet. But they're going to get to the point where you could sell that power out of your power wall back into the grid and then charge that off of your solar.

Basically, you could make money. You could make money instead of paying for a power bill. You basically have no power bill and you would make money selling it back into the grid. I mean, that's one of the other things are working on. Yeah, I did you say they're coming out with a software that will do it for. you. Right. It knows the,

auto, the adequate time to sell your power every single day to make you the most money. Pretty insane. They own, they're trying to get

Tesla tiles on every house that they can. Tesla tiles are not, our solar guy, Jason Eggly is not a big, he's not a big Elon fan. Yeah, he's not a big Elon fan, but I don't know,

I'm not a solar guy. I've, I've heard a few people talk about Tesla tiles and say they're a little less effective because they're not as big. Yeah. but if you're trying to tile your whole house, that's a lot of small tiles that,

I don't know too much about it, but that's insane too, that they're getting into that. So you're going to have your Tesla tiles on your roof. It's going to power, go into your Tesla pack, and it's going to sell you and make you money. Your car's going to make you money.

I mean, they own, they're going to own all this. That's just, you know, what is pretty well right there on the horizon. So you got the car, you got the semi, you got these chargers, you got the stuff, the entertainment inside the car. you got the solar so then an offshoot of tesla but from spacex is starlink which we have starlink which is our internet and so now then they're installing they're installing starlink units on top of all the charging stations they're going to start rolling that out across the country and around the world to where if you don't have why if you don't have a uh roaming plan or you don't have a

cell plan which i think everybody about got one but whatever for your over-the-air update on your Tesla, you'll be able to get those for free because you'll have Wi-Fi at all the charging stations because they all have Starlink running on Tesla's network. So the next logical step, and this is kind of fancy because some people have speculated about this and they've made no announcement about it. But they keep launching more Starlink satellites every month.

There was just one here a few weeks ago. There's about 2,700 satellites up there now. They want to get to the point where you can get internet coverage anywhere in the world. And today, if I want to go view a web page that is in Europe or Africa or Asia, all of that traffic, that internet, that information comes through a fiber optic cable lane on the bottom of the ocean that connects the United, you know, North America to, Europe, North America to Africa, North America

to Japan, to China. Starlink doesn't need that. Instead of that, going through a cable underneath the ocean, it goes from satellite to satellite, satellite, satellite, all the way around the world, all the way around

the globe. The globe orbiting. And then it decides which ground station is closest to the information that you want to get and it goes down there. Okay, so the logical conclusion to that is, if you were Tesla and you've already got internet in all these cars and you got people in your ecosystem, why wouldn't you just introduce a phone, a cell phone, and instead of being beholden to a carrier like AT&T or Verizon or US cellular, you just say, well, I don't need you. Because I don't need your cell towers.

I don't need any of that because I've got Starlink and I don't need to pay some operator of a fiber optic cable it goes across the ocean. I'm just going to use Starlink. So the day is going to come. This will be one for people to watch it about five years. You know what? This could be the clip that makes Torquistler

fricking famous. Yeah, famously like look at this guy. He's out of his freaking mind. You guys cannot even lie. You sit here and it's laid out there, right? Dad just laid that out. I mean, if you're Tesla and you're a technology company, not a car company that a lot of people think you are,

why wouldn't you do that? Why wouldn't you? I mean, so Apple, when they introduce a new phone, they need AT&T and Verizon to push that. They need it because they need the carrier. If you're Tesla, you don't need them. You can tell AT&T to go jump in a lake. You don't need them.

You are your own carrier. and if they do that, the disruption within that media will be, it will be, well, it'll be lawsuit city. Well, I love it. I love what we're going this deep into it. So then you got the phone, let's just say you got the phone. They said they're going to release a Tesla AI bot. Yep.

I don't know very much at all about that, but I mean, that pretty much explains itself. Personal assistant. It's a personal assistant. It's your own Jarvis, like Tony Stark and Iron Man. I mean, that's pretty insane. if that happens, you know, they're going to own, I mean, they're the first company that I've seen

that's come out with something like that. Well, you got Boston Dynamics, but there's all, there's all look like something that's going to break you in half. Yeah. Pistol whip you. Yeah.

Okay. And then if you went to Starlink, let's talk about the boring company. Elon's boring all these tunnels under, underground, under cities, to make it easier for people to transfer, for transportation in between cities

because it's, population's growing, and we need it all, still drive around so he thinks we should go underground. Instead of above. Instead of above, because we're running out of space above, and it's going to make things flow a lot easier, et cetera, et cetera. Okay, so you're Elon and you bore all these tunnels.

Let's say you have tunnels in every major city. And you own this car company, car company, you own Tesla. Why would you not make it only accessible? accessible to Tesla owners. Well, you'd have to make it all to EVs because you couldn't run a combustion engine in a tunnel because the venting over that long length of tunnel. So it makes sense.

If you're Elon and you've made something so nice that it makes it, it's like it's a necessity for living in a building or in living in a city because it goes so much fast. You want to take the tunnel. It's so much faster. It's nice. It's peaceful. There's not any chance of you probably get in a wreck

because you're just going straight. Well, you're not even driving it. Yeah, right. You're going to have self-driving. But if it's such a good deal, why wouldn't you make it exclusive to only people that either drive EVs or Tesla's? But I would, why not just make it exclusive to Tesla's?

And you said, and you said, he's also thinking about having these people demoing. So that's part of the, that was part of the deal with Hertz that they liked so well is because think about that. So I think that is the first, of the first nail in the coffin of Legacy Auto was that deal with Hertz

because never before has a car rental company partnered with somebody that wasn't one of the Big Three plus Toyota, I mean basically. And now then you're going to have all these people that wouldn't buy a Tesla, but when they go to rent a car and it's sitting there, they're going to go, yeah, I want to try a Tesla. And they try a Tesla, and they're just like you were.

And they're going to be like, holy shit, I want a Tesla. I mean, it just, everything just builds on top of each other. It is insane. It is insane. Everything that Elon is doing outside of SpaceX, it's pretty much intertwined together. I mean, well, it really is. It all is going to help him out in other ways in other companies. And it's all geared towards, the money he makes off a Starlink is going to SpaceX, because that's part of SpaceX. Well, I think all the money is making,

The money he makes off everything goes to SpaceX, because that man's goal is to die on Mars. Yeah. And this is off on SpaceX, but he was on a convention, a meeting that the National Academy of Sciences had, and they were asking him about, you know, SpaceX and what he was doing.

And where their first test flight of the booster and the Starship is going to happen in January, and he just said he goes, it's probably not going to be successful, it's probably going to crash, but we're going to learn a lot from it. But he said, you know, that's fine, that's what we're playing on doing.

And they asked him, you know, how many flights they were hoping to get out of that starship. And he said, oh, well, I don't know how many of that one because it's probably going to crash, but we're hoping to get 12 out of 2022. And he said, I don't think people understand if we're going to go to Mars, we don't need like five or ten of these starships.

we're planning on building thousands of them. And when he said that, you should have just seen the people in the audience, they were just like, what? Like, it didn't compute. Like, his idea is... He wants Star Wars. He wants...

He's not fucking around. That's what people don't get. And I'm sorry, but this warrants... He's not fucking around. He's like, if I'm going to go build a colony on Mars, we're not going to do it with 12 starships. They're going to... They build a factory to build...

the engines. They're building a factory to build the ships. Every dollar he makes is getting poured into this company. They're going to build thousands of them. And you saw Bernie Sanders on the floor of the Senate say that two rich men, Bezos and Musk have taken the space exploration business away from the United States and we need to get it back. And he used the example, This is how fucking dummy is. He used the example that NASA has spent $360 billion on space. That's like their budget or whatever. Do you know how much money Tesla or how much money SpaceX has spent on getting...

NASA couldn't even get our astronauts to the space station. They had to hire the Russians. They had to pay the Russians to get us to the space station until SpaceX built the Dragon capsule. And do you know what they spent? they spent a fraction, a freaking fraction of what NASA's budget is, because they're not turning around in Greece and people left and right. They made it all in-house. They did it all themselves and they saved the American tax dollar a shitload of money, and Bernie Sanders is pissed about it. And it just gives you another example of the bureaucracy and politicians. I mean, politicians are just, I don't care. If he was a Republican, I'd say the same thing. I mean, and he's not, he's a communist. He's not even a Democrat. He's a Democrat. He's a communist. He's a Democrat. this but anyway mean the scale at which Elon is trying to go. It's just not easy. Okay so show him your sweatshirt. Oh yeah

never bet against Elon. Uh shout out to uh what's that guy's name solving the money prime. Stephen Mark Ryan he has this he has a YouTube channel called solving the money problem and he was one of the first guys that I kind of dug down on when I was getting into Tesla and uh sharp guys from Australia. I'm sorry. I feel bad for you. If you ever see this clip, I'm sorry that you're stuck in Australia because... Yeah, holy shit. I talk about... But anyway, he has some nice...

This is actually nice sweatshirt. We've got to get some of these for... I'd like one. I'd like one. So anyway, yeah, don't bet against Elon. Would you go to Mars if you got... If tomorrow he said, we're sending 5,000 ships to Mars and you got a letter in the mail saying he loves you because all the Barn Talk clips

he's seen, would you go to Mars? Would you and Trish pack a bag and head to Mars? Your mother's... Your mother would absolutely not go. Not even not, she wouldn't go. Would you consider it? I wouldn't. So, okay, let's say you're 70.

You're 75. This bitch is intact. I've got it going. We got the farm all good to go. Well, they wouldn't take me. They're going to take old people there. Okay, so you're here. You're good now.

Although, I'm, you know, I'm going to go to Panama and get those, what's that shit Rogan talks about? I'm going to get the injections. I'm going to get all that stuff. I'm going to live to 110, 115, something like that. So if I, if Trisha, if Trisha, if I'm old and Trisha passed away and I was a widow and had the opportunity to go to Mars, I'd go in a heartbeat. Without a doubt. I'd be fine.

If you knew we were good. If mom wasn't, okay, right now. Or you just pissed me off. Let's say mom, let's say mom doesn't want to go now. You're not, you're not going to go. No. Can't go. No. No.

To death, until death or Mars do us part. So I signed up for the contract. So I would not leave your mother here to deal with you. you and your brother. Okay, so let's recap here. Let's recap about Tesla's ecosystem because we kind of went down all over there. Sorry, I ran it. So you got the cars.

Yep. Got the semis. You got the superchargers. Solar. Got solar. That includes solar tiles or Tesla tiles, the megapacks, and what's the Tesla? Power wall. Power wall.

The auto bidder software for making money off your power. Robotaxies. Robotaxies. You got AI bot. You got Starlink. connected to maybe Tesla will be coming out with a phone. You got the tunnels that Elon is boring, which he either could, you can't put a gas car down there. So at the minimum, he's only going to let EV EV cars down there. But if I'm him, why not make it so only Tesla's can go down there?

And guess what? It ain't going to be free. Nope. You know what? You know what he actually would do? You could probably drive an EV down there. Yep. If it's not a Tesla, but you're going to have to pay subscription. Right. You're going to have to pay a subscription to Tesla. And then... And if he's smart, he'll say all Tesla owners get the subscription for free. But if you don't own a Tesla,

you got to pay. You got to pay a membership. Yep. And then you've got... That is, what is that? That's nine ways. And I'm sure we don't have all of them. Because then you got Dojo. Think about Dojo. Okay, yeah. And so you got all this...

Okay, so now you guys see the point. You see the point. They're not just a car company. And this is all the shit that the media doesn't cover. this is all the shit that you don't see everywhere. Dad and dad has done a lot of digging. Too much. Too much digging.

I don't know. I think it's great. But that, what other company, what other company has had this many different things? You can't tell me that Tesla is just a car company. Well, and that's why I just laugh when I just laugh my ass off when I see analysts talk about the price of Tesla. The price of Tesla is like the price of Bitcoin. It doesn't matter. It makes no difference.

The only reason it matters, the only reason I would care about the price of Tesla is if I was in a situation where for some reason I needed that money that I have invested. Because if your horizon is more than, if you are anybody, and this is not investment advice, this is my own, so I have my own money in Tesla. So that's the only reason I'm talking about it. If your horizon for needing a dollar out of the money that you've invested in something like that

is more than five years, it doesn't matter. Because that, the value that they are creating on a daily basis and each incremental step, that company is going to be valued. Everybody made a huge deal because the valuation went over a trillion dollars, went over a trillion dollars. Is that right? Yeah. That's nothing.

That thing may be worth $9 trillion. Yeah, they're on the bleeding edge of disruption and in so many different ways. And so you heard it here first, folks. Tesla, it is a, it is a jeggernaut. So we ran a little long on the Tesla part of this podcast. And we didn't plan it to go that way, but it did. And you know what? I think you guys got a really good breakdown into Tesla's ecosystem

and also why we love Tesla so much. and also reassuring why Tesla is just going to dominate the EV space. And you know what? I'm not saying that it's the best EV out there. You know, like I said, right now it is. But like future-wise, you know, that Ford Lightning, that looks pretty cool. And I'm not biased.

If something comes out that's better, it's better. I'm not saying I'm going to be like Tesla all the way, till it, you know, all the way, no matter what. But right now it seems to be that way. So we're going to get into the metaverbal. a little bit. As you guys know, Mark Zuckerberg changed Facebook's name to Meta, and he came out with a whole deal on what is to be called the Metaverse, and it's virtual reality. Did you see his video? Did you see any part of it? I didn't. I watched part of it, but I didn't watch it all get out.

Yeah, he's just, he doesn't seem like he probably, no, he doesn't, I don't think he's very sociable. No, for somebody that built the social network, I think he doesn't have a lot of social skills. No, he doesn't. So we let Duke in. We took a little break. I'm going to let him out because he's being a little annoying right now. He's barking and getting all pissy. Well, he wants to, somebody to give him a mic because he wants to be part of the show and he doesn't like it.

So, so he's directing him to the door. But we really ran over. so we're going to try to give you that i just want to give you some points of what the metaverse is because it's so confusing to people when when this whole thing is evolving the idea of it's kind of like crypto people have a really hard time getting their hands around crypto getting their mind around it and the metaverse is kind of right they they kind of coexist together in the fact that and we'll get into that that you know crypto is kind of the is kind of the financial side of the of the financial side of the metaverse, as these projects get built, they all have kind of a native currency. And that native

currency is usually some form. It's going to be crypto. Yeah, it's some token, some form, some run on the Ethereum blockchain, some run on Salara, some run on mana, some run on sand, Cardano, whatever. And the other thing I want to say is we're going to say Metaverse for pretty much just the idea of virtual reality. Because honestly, we don't know if Meta is going to own you know, is going to own the virtual reality world. There's a lot of other players trying to do the same thing. You know, maybe Mark gives it a try and makes them at averse, but that might not be the dominant player in the virtual reality space.

You know what I'm saying? Well, yeah, and let's just talk about that. So I think the easiest way to start is Web, Web 1, 2, 3. Okay. So this all kind of starts with the dawn of the Internet. and so in the so we talk about metaverse really metaverse is like web 3.0 crypto nfts metaverse virtual reality virtual reality that's all web 3.0 and web 1.0 was you know reading only you know reading info online aOL dialing up to the encyclopedia and reading info like finding information on

internet and you consume that. But it's not, it's not Wikipedia. So Web 1.0 was like the encyclopedia online or whatever it was. You get on and you read stuff. And then, and Facebook would fall into this. When we got to Web 2.0, it was like, okay, so I can consume this, but then I can turn around and I can put my two cents in. I can comment. I can friendry. request you. I can get on Wikipedia and put random crap that I don't know anything about on, you know, Sawyer's bio. When you're a, when you're a Wikipedia person, I'm going to just, I'm going to build you up for all you're worth. I can't wait. And I hope the listeners do too. They'll probably tear me down, but it's all right. But that's kind of where we are right now is

web 2.0. And we're at the dawn of web 3.0. And the difference with that is, and this is why Facebook change his name to Mehta. And the reason that Mark Zuckerberg is so fired up about doing this is because he does not want to be

the AOL of Web 3.0. He doesn't want to be like Kodak. He doesn't want to be disrupted. He wants to be on the forefront. The key difference between Web 2.0 and Web 3.0 is today most of the transactions and most of the social interaction that happens

happens on centralized servers such as Google, Facebook, Amazon. They control huge amounts of the traffic and the data and the interactions, the chats between, you know, when you're on Messenger or you're on whatever and you're instant chatting or you're sending messages back and forth,

sending emails back and forth. That's going through Google. That's going through Facebook. It's going through whatever. Google's got your search history. Yeah. Yeah. Yeah. If there's anything on there about midgets and nuns, you're in trouble. You better get that shit cleaned up. Oh, God. You really did one for. Well, we don't have time. We don't have time. But they control that. is decentralized. So in other words, anyone can create content, create items.

And we talk about NFTs. So there's games out there. I'll just use one that I know something about. There's a horse betting game. Is that the one you're going to talk about? No, I wasn't talking about that one. I was talking about sand. Oh, go ahead.

So there's a, there's a program called sand. And the currency, of sand is sand. And the way you get it is you convert Ethereum into sand, and there's an exchange rate. And then you can create items, you can create buildings, you can buy real estate, all virtually.

In the sand world. In the sand world. And by doing that, you have ownership in it. And so the more users that use it, the more valuable the sand becomes, if you're just holding sand, but if you create, if you build a building on a corner of some little corner of property within that,

in the metaverse. In the sand world. And more people, right, and more people get, use it. It becomes more valuable. And then you can sell it. And then you can convert that back into Ethereum. But as you can see, we're not using dollars. We're using Ethereum.

We're using crypto. And that's kind of the difference. And then it's all decentralized. And then the other thing that is different about it is, you don't have, today if I post something on Facebook and Facebook doesn't like it, it'll just shut it down or it'll take it down or whatever.

Or in the Metaverse, everything that happens there... The people have the power. The community, it's up to the community. And it's on the blockchain. So if you create something, post something, buy something, sell something. Yeah, I was going to say, everything's verified on the blockchain. If you buy a piece of property in the sand world or you buy an NFT, it's verified on the blockchain that you bought the real thing. And no one can make a copy of that purchase.

No one, if you bought the Mona Lisa NFT on the blockchain, it's you can't make. Nobody can make a copy. Well, they can make a copy, but they have to sell it as the copy. If they try to sell it as the original, they can't do it. Everybody knows that it's not the original. Right. There's no forgery. No, cannot cheat it.

You cannot cheat the blockchain. And the reason for that is because when you talk about centralized servers, you talk about people getting hacked, you talk about Facebook getting hacked, Google getting hacked, these big companies getting hacked. So it's centralized. So if somebody can hack into that server, they have access to all that data.

In Web 3.0, on the blockchain, all of that data is replicated on every person that is on the block. So there could be millions of people and that information is replicated millions of times. Yeah, it's just like Magnus said. It's a ledger. Yeah, it's a ledger.

It's all out on the open for everyone to see so that there's no... So if somebody hacks me and changes my ledger, there's going to be one and says, this is the real Mona Lisa. Well, no, it's not because you have, you know, 999,000 other ones that say, well, no, that's not it.

So it's much safer, but it's also much more decentralized. That's where you get to what Facebook. Why did Facebook change their name to meta? They change because they don't, they want to try to build a universe. They want to build a world. Their own universe where people will come and interact, and even though it's still going to be decentralized, they're going to own a big enough part of the pieces

that it's going to keep them relevant. They think. That's what they're hoping. Right. And I will tell you that pretty much the feeling that I get from watching people that are into this kind of thing is no one who is a creator within Web 3.0, within the metaverse, or within virtual reality,

they don't trust. They don't trust Marks. that well. And I just don't know whether they're going to get a lot of people. They've got a hell of a lot of money to put behind it. And they will hire a lot of developers. The problem is the people that are, well, the problem is the people that are really, really good, the people that are really, really into it that are living, breathing, this is what they love. They're not going to partner with Mark Zuckerberg. They're that's, you're not going to get the best and brightest as far as the people that are creating content, NFTs, all that. so I don't know it would be interested to see how that goes yeah I wanted you touch on what you're what you said about how well I guess I could touch on it so what I think how the money system's

going to work with this whole with just web 3.0 and it you you said this actually that bitcoin is like the digital gold yep Ethereum we don't know there's a lot of players that could overthrow Ethereum that so like Ethereum's like one of these blockchains that a bunch of these applications games and worlds is getting built on. It's like the internet of crypto essentially. But there's also a lot of other coins that are trying to do the same thing like Cardano. What's another one? Salara. Salara. Salada. Pocodot. There's like, there's a few that are trying to do exactly what Ethereum is doing. But let's say for for now, one of those is going to win and that's going to be probably what you trade your US dollars or your, whatever your currency is into Ethereum to

If you're not putting into Bitcoin to hedge your bet for digital gold, then you're probably going to put your U.S. or you put your dollars into, well, whoever wins. So let's just say Ethereum. Let's say Ethereum wins. You're going to put your money into Ethereum. And that's kind of what you're going to use to trade into the crypto world, the virtual reality world, the Web 3.0 world.

Let's go a step further. So let's say that this will do farm, wanted to create. Yeah. Okay. Yeah. So I love, I like what we. you're going here. But yeah, everybody's like, everybody's like, oh, this, I, I'm get you.

We were, when I saw this, I thought we were years and years away from this ever happening. I watched the game. I'm pretty sure a lot of people watch the movie Ready Player 1 and we're like, what the hell? We don't want our world to turn into that. And I'm right there with you. It goes back to the fact that, well, what are you going to do about it? Because let's be honest, if everybody can go make a virtual person of themselves, and they hate the person that they are,

and they go home and they throw those goggles on, and they have their ideal life and their ideal person, and it looks just as real as real life does. I'm sorry, but I think a lot of people are going to probably do that, and most people are going to spend a lot of their time there. And, you know, you don't have to live that way, but majority of people are. So what can you do, what can the average person out there do

to win, get an opportunity there? there is going to be massive, massive, massive opportunity in Web 3.0, just like there was with Web 1.0 and 2.0. If you were on the forefront of those movements, of those waves of technology, you made a lot of money and you did a lot of innovative things. So, and I'm not saying you got to be, I'm not saying you got to be, you know, come out with the grace and best damn thing that's in the freaking metaverse or in Web 3.0, but you can probably do something and find something little that's going to bring a benefit to you. We're using Web 2.0 right now.

Right, right. I mean, everything we do. It's TikTok, Instagram. I guess you would say right now, it's a little, I mean, Web 2.0 has been around for a while now, yet we're still profiting from this. We're still reaching people. We're still having an impact with Web 2.0.

And this is an opportunity that we've seized, and we love it. We've been pretty good at it, and we want to continue to do it. So this just goes. to show you. I'd say you're pretty late in the game in Web 2.0 of Web 2.0, whatever. I mean, I think there's a long ways to go with it. Well, it's evolved about as far, Web 2.0 is about as far as it can go. And I think social media will get tied into Web 3.0 because I think definitely people

still want social media. But anyway, there's opportunity there. Bottom line, there's opportunity in Web 3.0, just like the other waves, movements, whatever you want to say. So, dad and I, you know, we saw the Metaverse, we saw the video with Mark Zuckerberg, and we just, we're streamers, we're laughed because of how freaking awkward Mark is. And then we sat back, we're like, well, he does have a point, though. He does have a point. This probably could happen, because I can see a lot of people actually doing this, unfortunately. I mean, I don't know. It could be the coolest damn thing ever. I don't know. I enjoyed video games when I was younger and stuff. And who knows what it actually be? No one really knows. It's. could be the coolest damn thing ever, and it could be the worst thing that ever happens to society. But you're really not going to know until it gets here, but all I know is there's opportunities with it. So we got the thinking.

What could we do in the Metaverse slash Web 3.0 to profit and to seize an opportunity? Because I look at it, like I said, as an opportunity. And I don't want to, I would rather not be somebody that has the Metaverse consume all of my time. as a consumer. I would want to be somebody that's a... Creating content. Creating something there.

Value. Value. Creating something there, you know, being an innovator, you know, being on the forefront of it. So what could we do? Well, the first thing that Dad and I came up with was, what if you could do virtual farm tours?

What if we could give the average American out there that has no idea what farm life is, has never been to a farm, kind of what we're doing right now with Web 2.0, via this podcast, via our videos on this will do farm, but actually they live it with us. They come in, they ride in the tractor and plant with us. They come in the combine and see how corn's picked. They come into the pen with us and they do a simulation of sorting pigs with us.

They drop their panel between the cracks and then watch Sawyer just chew their ass, just unmercifully for two minutes. They get ran over by a pig trying to load it into the truck. I mean, all the things, and I mean, let's think about it there. You could really educate people on ag to really show them everything about ag through that. Which could do a lot of good things, great things to, I think, the world in general. I mean, given people the basic education of ag that we live every day, let's be honest, not a lot of people know that stuff. There's a big disconnect there.

And the metaverse could be a really good way to bridge that gap even more than what we're doing right now. Yeah, and I think, I mean, that, so that, what you touched on there, that's kind of the first step where Facebook thinks it's going to try to go is it's kind of like the next step in experiences well what's what's what do we use when we're like Skype or what what do we zoom so it's like they think that they're going to be able to take like zoom meetings to the next level where you're not just sitting watching six people six squares on your screen having a teleconference having a video conference that you would actually put on the glasses, Google glasses, or, I should

have, what about? Oculus, Oculus. Or when I get my, when I get my neural link implanted into my brain from Starlink. But anyway, you can, like you're actually within, it creates the environment where you're all in the same room together. And so you get the experience of talking to people, seeing people, you see all their reactions. I think Mark said that he wants, they're going to, like, companies.

are no longer going to have physical offices. You're going to have your virtual office and you're just going to work at home. So when you do put on those goggles, you are at Google headquarters. But when you take them off, you're at your front desk in your home. In your home.

And so when we talk about, we're going to give you a virtual tour, obviously the technology as far as the engine, when I say the engine, the software, that's why I say software is going to eat the world. There are companies out there, is it Infinite Engine? Yeah, Infinite Engine.

And then you've got the other, there's another big one. There's another big one that, Unreel. Well, but isn't Unreal Engine? Aren't they another big video game engine? Yeah, I'm pretty sure. So all of those guys, they're working, they see this as just like a huge opportunity

because they're looking at it as going from the entertainment side, the market for video games. games to the market for everything. Because that would be the same kind of engine that we would go to somebody, because obviously I'm too old to code. I can't learn to code. Sorry. Well, I could, but it would be pretty rudimentary.

But we would have to go to somebody, and they would write the code and integrate video, like we would feed them video from all the videos we've done of being around the farm, to virtually create. a world, a world, which is this will do farm, where you could literally just drop in there, you put on your goggles and you get in there, and you're probably not going to meet,

I mean, what we'd probably do is you talk about NFTs, so a non-fundable token would be somebody would pay for this token that would give you an afternoon of corn harvest with Tork and Sawyer, which I don't know if you pay a dollar for that, know what it's worth but i'm just saying it's all that's just an example where you literally immerse yourself it's not like watching watching on youtube you are actually there and you know you hop in the tractor and you ride in the tractor and you walk up the bin and you know you just do all that stuff and i mean it's it's not the same and there's different degrees to it so you go from

as far as there's people that make the equipment there's people that make you think you think about invidia, the people that make the chips, the amount of computer chips, if you think there's a chip shortage now, think of the chips

that are going to have to be made as the metaverse grows, as the 3D world grows, the virtual world. So you could have the experience visually, but you wouldn't feel anything. There's more to life

than finding the perfect car. But finding the perfect car can help you get the most out of life. Like the SUV that handles everything from drop off to off road, and the car that hulls groceries and hockey teams, or the van that's gone from just practical to practically family. Whatever you want, wherever you're going,

start your search at ototrater.ca, Canada's car marketplace. Amazon presents Jeff versus Taco Truck Salsa, whether it's Verde, Roja, or the orange one. For Jeff, trying any salsa is like playing Russian roulette with a flame thrower. Luckily, Jeff saved with Amazon and stocked up on antacids, ginger tea, and milk. Habaniero? More like habanier, yes. Save the everyday with Amazon. They're going to get to the point where that will be definitely. When you get to the point that you have the gloves, you have the body suit, or eventually you get to the suit where it stimulates,

and you know who's going to drive that. I told Sawyer, I said, it's like, it's just like the internet. You know who built off the internet? All the porn sites. So you can bet your ass. You can bet your ass that if Hugh Hefter and Larry Flint were still alive, they would be chomping at the bit because, yep, I'm going to make the Playboy suit,

you know, because that's a sad commentary on our society, but don't kid yourself, it'll happen. It will totally happen. Yeah, but that just kind of gives you our two cents on it. I mean, I wouldn't be somebody out there saying, oh, no, I'm never messing with that. I'm never messing with that because guess what? There's even an opportunity for us as farmers.

You know, there's an opportunity for you somewhere. Whatever you're doing, there's an opportunity for you to do something on Web 3.0. I don't know what it is, but there is insane amount of opportunity out there. And I think to touch on it even further, I think, I mean, let's just think about sports for a second. Think about, let's, I'm a huge Cowboys fan. You already know, I mean, probably won't be Jerry because I don't know if Jerry's going to make it that farther. But it would be virtual Jerry. Yeah.

They'll probably be Stephen Jones or whoever's going to have this whole, this whole NFT slash virtual world web 3.0 at his disposal. And you bet, bet your ass. They're going to have a Dallas Cowboys, NFT token, or they're going to be able to pay. Cowboys, NFT token, or they're going to have a token or something. Multiple tokens. And you bet your ass, you're going to have a virtual reality section. You're going to be able to go VIP behind the bench. You're going to probably be able to go watch.

You mean, you name it, they'll probably have it. You can be in the huddle. You'd be that player in the huddle. Oh, yeah, you would. You'd be in the huddle and you just don't. I think they'll sell experiences. Yep. But I'm saying, and then come game day, they'll have certain spots where you could just

watch it live like you're actually at the stadium. So just think about that. Yeah, they're going to sell experiences like practice with Dak Prescott for a day. Be the receiver for Dak Prescott for a day. I mean, think about it. Think about the freaking opportunities just alone in sports with that. Then you can come game day. You can come and virtually be at the game.

And we should have. We should have. Then at practice, come to the Dallas Cowboys VIP practice. Go to tour, tour Jerry. world for this amount of tokens or whatever. I mean, it is endless. So I think experiences is going to be huge there. I think live sporting events, live events are going to be huge concerts, all that stuff. And I also think that they'll make gamified events as well. Like, we can't do the Coliseum anymore in real life. Oh, yeah. But you bet your ass somebody's going to come out with a world

that is Rome and it's going to have a Coliseum. And you're going to have people virtually there. You won't be able to get that suit off fast enough when that lion snatches. Yeah, true. We should have said no weed has been consumed in this garage. I mean, some people are like, boy, those guys, what have they been? I mean, it's just... We're completely sober right now. We're just excited about the future, and we're just trying to give you guys some knowledge on what we think's coming.

Yeah, and the other thing is a lot of these experiences, a lot of these games, there's going to be ways so there's a lot of these games that are going to be played you may not want to actually play the game you may not want to be the guy in the Roman Coliseum but you may be you may be able to have skin in the game and the fact that you may be able to sponsor people

so that's the other side of it it takes gaming to a whole new level and the fact that you know you've seen I don't really get this that much but younger people are into it where like League is it League of Legends is the one that there's so many people that watch it or that that's not what it's called like World of Warcraft yeah like that something like that I don't know but where you kind of root for who you like and like you can tip them within the game like people

give them a tip because they're playing good or you can sponsor oh you're talking about Twitch yeah Twitch Twitch Twitch it's not a game that's a streaming platform but you know how people like watching people Yeah, people have fans playing these damn games. Yeah. Well, the Web 3.0 version of that is that... You can take it to a whole new level. Like, you'll be kind of in the game with them,

not in with what's going on, but you kind of... And you can help them along the way. Like, you can buy them, you know, you can use your whatever native token is. You can tip them, you can help them. Give them a shield in the call scene. Drop a thing in there for them? Oh, yeah. Yeah, that's huge.

And this is something that Raoul Paul talked about. thing you got two big gamers let's say you got two big gamers that want to fight at the coliseum right they have massive followings on twitch and social media they say let's collab our followers have to pay to get in the coliseum yep there you go so they all pay all their followers that want to go watch the game and be in the game with them pay get in there so they make money there and then if they want to help them out during the game like you said they pay and a shield falls from the sky a sword falls from the sky. A freaking lion comes out of the cage to help whoever they want to win.

Right. It's like you said, then everybody that pays to get in there, they get an NFT shows that I was there. And it's on their virtual profile that, oh, you were at the Coliseum. It's in your digital wallet. And then everybody's like, oh, you were there. You got to experience that. Because there's a big thing with everyone's like, oh, what do NFTs matter? Why NFTs?

Well, I think the, Gary V explained this. very well and I think it makes sense to me. NFTs right now are in the really early stages, but what's going to happen is people are attaching experiences to NFTs, things that you can do with that NFT, like Gary V made a whole NFT project and he sells access to him. So he has one where it's like, come to a Jets game with Gary V, go to a Knicks basketball game with Gary V,

get mentored for a whole year by Gary V, and you have to buy these certain, you know, art projects. They're called V friends. V friends and they're just different characters and whatever one you buy gets an experience and there's different tiers to him. But anyway, he sells access and he thinks

that you're going to in your digital wall, it's going to be how social media profiles are now. It's going to be a flex to own, oh, I got to go on a farm tour with this will do farm. That would be a flex. That'd be a flex. I got to be on the podcast with Tork

Sawyer on Barn Talk or I got to go warm up with LeBron James and pregame warmups, which you don't want that one anyway. But, you know, I got to do a certain experience and I have that in my digital wallet. And then when all my friends want to come look at my digital wallet slash what our social media page is now, they're going to see and be like, holy shit. Did you see that, you know, they'll probably, you'll probably be able to comment on it or something and be like, holy shit, dude, that's awesome. Yeah. You know, like whatever, all this. How the world. works right now anyway but i think that's a really good prediction and then one other thing i wanted to touch on was this whole this gaming thing one thing that's going to be and i think this has already

happened but you're going to see it more in and i'll give you my example when when my kids were younger and we all played halo three uh my favorite my favorite gun my favorite guns were a shotgun and the needler i love the needler because you could be very sloppy you could be very sloppy you could be very sloppy with a needler. Dad's aim wasn't very good. It wasn't very good, but I had lots of ambition. So the needler, you could be pretty sloppy with it, and it would, like, it would kind of seek, it would kind of seek your opponent. The only problem with it was you ran out of needles pretty fast, but in, I got, I'm not, there's a point, there's a point here.

So in the, in the virtual world, one of the big, uh, selling points of what people are really going to like is you might have the needler that you you could buy that in the halo of the future the halo infinite infinite infinite and then that's your needler and you can upgrade that thing you can customize it take it to all different kinds and then you want to go play you want to go play uh battlefield you can bring your needler to the battlefield so and we're like you're whatever your whatever your dress is, your skin, they call it your skin. Like, you know, you got a helmet, you got this. You will own that. It'll be like an NFT in the fact, and then if you get tired of it, you can sell it. But then like the game, if you're really good, not somebody like me that sucks,

but if you were somebody that was really good and you had, they had their needler and they decided that they wanted to put it up for auction. They wanted to put up for auction. People like, holy shit, he's selling, I want that needler. That's the kind of stuff that's all out there. Opportunity, opportunity. It's crazy. Yeah, we went really in depth there, but I mean, I think it was great. I'm very optimistic about it, to be honest with you. It is a little scary. I'm not going to lie.

I don't, I will personally not live in the virtual world. I don't want to. I like real life now. I like what I'm doing now. I love farming. And guess what the best part of what 3.0 is for us. I don't know. What is it?

People still need fed. Oh, yeah. They still got to get, they still got to take them damn goggles off and eat something. Yeah. They still got to eat. So guess what? Farmers are going to be in good shape. Well, and on our end,

we can't just lally gag around in the virtual world because we still got to go feed the pigs. Exactly. But guess what? We could give a virtual tour in the Metaverse or have a virtual tour already set up on autopilot. So when someone new comes in, it's already running. And we're not even, we're just doing our daily chores

or we're farming and doing whatever. And it's just another asset. It's another pillar of wealth. It's another pillar. Ah, there. We tied it in. We can stop now. We've tied it all the way back to building pillars of the well.

One other thing I will say, though, you can't succeed very well in Web 3.0 if you don't have a brand built. True. That's true. Guess what? If we didn't have this, we didn't have this will do farm slash barn talk, there's no point of us giving a, uh,

a freaking farm tour because who gives a shit? No one wants to come to your farm tour. If no one knows who you are, no one wants your freaking needler if they don't know who you are. You know, no one wants to go to the Coliseum and root yon if they don't know who you are. So my advice is build a brand on something you're passionate about if you want to succeed big in the Web 3.0. Just start. Just start.

But that's the information for today, folks. That's the show. I hope you guys got something out of it. We went really in depth on two things that, well, one thing we're really passionate about and another thing that we're fairly optimistic about. A little bit scared, though, too. I don't know what that will be. but there's definitely a lot of opportunity there. And I look at it as a positive,

and I look at it something that's inevitable. So you might as well think up and start scheming on how you can grab it by the balls. Yeah, and it's a decade long. I mean, I'd say it's a decade long, at a minimum. I mean, it's just going to be, it's a gradual migration. Yeah, I mean, it's starting, but it's just in its infancy. And the other thing is you can't pick a winner now

because there's too many. It's just like the dot-com area era. era. I mean, we didn't know who was going to be the ultimate search engine. And we're still like that with the cryptos right now. We don't know if Ethereum's going to win. I know Bitcoin's probably going to be the digital gold. But Ethereum, I don't know if Ethereum's going to be what all these worlds run on, if that's going to be your digital currency that you trade. Who knows? So that's even unknown. And then who's going to win the virtual world battle? It'll be multiple winners, no doubt about it. Yeah. Who's going to be the dominant? Who knows? It could be meta. It could be epic games or whatever.

it could be another somebody. It could hell, it could be Tesla. I was just going to say, I will not, I won't bet on, that doesn't even look good. Don't bet against Mark. And you can't fit Zuckerberg on a sweatshirt. But you can fit, don't bet against Elon.

Elon's got, it's just got enough. It got enough of that. Mm-f to it. Okay. So we're getting, we're starting to fill. We're getting wiener pigs tomorrow. We've got to get our work done. We've done a pretty good job

of getting ahead of the curve. because Thanksgiving is two days away, so we're going to try to get all our work done tomorrow, and then just kick back, watch the Cowboys, and be thankful and eat a shitload of Torx balls. Yeah, what a great way to finish. Hope you guys enjoyed this one, and we'll see you back here next Friday.

Thanks for watching.