The Ben and Emil Show - BAES 53: Is Tesla the next Enron?

Episode Date: June 20, 2024

Enron went belly up after their house of cards collapsed in 2001. They used deceptive accounting practices and promising business developments to keep the music going as long as they could. In Tesla's case, history may not be repeating, but it certainly rhymes -- the red flags on Tesla have been piling up for years. Our question is: how much longer can this go on? Leave a comment to be featured as the comment of the week next week! And also, like this video! Thank you! Head to https://benandemilshow.com for this week's bonus episode and to support the show! :) __ CUTS: Our sponsors this week include CUTS! Refine your style with  @cutsclothing  and get 20% off with code BAES at https://www.cutsclothing.com/BAES #cutspartner MOOMOO: Click this link https://j.moomoo.com/00MbzJ to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 5.1% APY on uninvested cash + an additional 3% APY Coupon for 3 months for new users!! Terms & Conditions Apply. 5.1% APY as of 11/3/23 and subject to change. More info at https://www.moomoo.com/us/support/topic4_410 ROCKET MONEY: Stop wasting money on things you don't use! Cancel your unwanted subscriptions by going to https://rocketmoney.com/baes __ Watch the latest Ben & Emil On HERE: https://youtu.be/_VOVxt3ZtIE Last week's episode HERE: https://youtu.be/RJs3z2pOU-c Watch the Taco Bell Taste Test here: https://youtu.be/5wsoc5pieuA This episode (and every episode) was masterfully edited by Dillon Moore. Check him out at https://www.dillonmoore.co and @ dillonmoore on IG Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa and @ dillonmoore Learn more about your ad choices. Visit podcastchoices.com/adchoices

And we're back with another riveting episode of The Ben and Emile show. We have got a jam-packed, really good, veritable banger of an episode every week's a banger. But this one in particular... This one bangs so much harder than the other bangers. We're going to be talking all about how it's very possible that Tesla is the next N-run. We're going to be speculating. We've got a whole bunch of stuff on that. You know we're talking about that pay package.

We're talking about big red flags. We're talking about Elon himself. Plus, after that, we've got some market updates. Some absolute legends at Wells Fargo. We've got a new right-wing influencer that just dropped. And a funny flat Stanley thing. What would you call that? Anecdote, a little thing.

And before... Yeah, yeah, that's what I'd call it. Yeah. Listen, I just want to say something. Don't point at them. Everybody, no, I'm pointing at them. Everybody last week gave me crap for using the term scarecourt. I know that they're air quotes.

I got it mixed up with the actual phrase, scare quotes. It's real. It's real. Thank you very much. But it pertain, it's not these. It is, these are air quotes. I know that. Scare quotes are when you put something in quotes that don't necessarily belong.

Like if you were to be a Republican and put global warming, that would be scare quotes. Right. And it just popped into my head. So I apologize. Anyway, now that we got that awkwardness out of the way. Yeah, it really got to me. Speaking of comments, we've got a couple of the comments of the week. This one, this first one comes from Dalton, who's on our website.

Can't wait till Ben does crack, then tries to convince everybody it's not that bad for you. I will say, you guys have all seen Hunter Biden. He looks good. The man looks good. And he was smoking crack every day for... Look at the red hot chili peppers, man. Those guys were railing heroin, and they're... maybe we need to rethink everything we know about drug use yeah and then i i just have to do

this one because this is from tom's diners neck veins who commented shit on my thing that was the comment of the week for you it's the go shit on my thing i was i was look at this is not do you not know what that was no you said there's shit on my thing and i did a punch i i said shit oh yeah yeah yeah yeah so i just put the emphasis on shit on my thing that that that kind of uh doesn't Yeah, that one gets disqualified. But I read it last night, and I just was, I was laughing on my couch. You also don't want to encourage. People commenting things like that.

Scat use. Yeah. Skat use. Also, a lot of people were really enthralled by the Trader Joe's talk. Yeah, really were. I went there yesterday to pick up some stone fruits because I needed some. Also, some people have asked for me to, we'll do a whole thing on it or something, But did you see the one who, I think it was on the site where they're very confounded by the fact that I don't eat frozen food?

Yeah, that's not surprising in the least. Of course you don't. Yeah. I actually have a funny Trader Joe story. Do you're pointing at everyone today? I'm pointing. This is crazy. I was at Trader Joe's yesterday. The horniest Trader Joe's in all of Los Angeles. Which one, Silver Lake? Silver Lake. And it was like 430. Everyone's fucking in that lot. It's packed there. And I like to get in and out. I got my banana. I got some...

Yeah, I bet you do like to get in and out there. Shut up. Tuna salad. Got my plantain chips. Both flavors, the regular and the jerk style. And I got some nectar. Yeah, I bet you are getting jerk. Can you...

So I'm at the checkout and the guys loading up my bag and one nectarine falls on the ground. Oh, it's stone fruit season. Just as these two young women are walking past because they've already paid, so they're walking passed and me and the checkout guy go, oh no, the girls don't see it. One of them kicks my nectarine under the like water display right there. And the girls going, oh my God, I'm so sorry. And I didn't care. I just said, it's totally fine. Don't worry about it. The guy, the checkout guy says, yeah, don't worry about it. Oh, I'm so sorry. No, no, no, no, don't worry about it. I'm just, so I ran and got another one. But then I went into my truck and there was the

nectrine. No. I roll down my window because it's so hot. And I start pulling out. out, and as I am, I don't know how I beat. I bet you did pull out. God, lead. I'm pulling away. I don't know how I beat them because they were just walked. Maybe they went back in to get something else, but they're walking past me and I'm in my car, and they're right there.

And I wanted to say, fuck you, nectarine kicker. God. Dude. Oh, my God. It's just like. Like as a joke. No, no, we got it. We always get it.

We always get it. I stumbled over my words, so I rolled down my window, and they probably didn't recognize me because now I had on sunglasses, and I just, and I got, and I did it real serious. And I rolled down the window, I went, nectar, black, necturine kicker. And it was really. Oh, it sounds like a slur.

It was, it felt like a slur coming out. Oh, this whole place is full of nectarine kickers. And she, she just gave me this like, I thought she was going to laugh and be like but she went yeah sorry about that Jesus well no now I'm mad at her I didn't care yeah yeah thank you no I think that like I think that's the right

move no the right move would have been to shut the fuck up and just drive my car no the right move on her part just being like sorry about that yeah I'm clearly joking I would have been like you got any more and I would have hopped in the bed of your truck start kicking in the rest of your grocery yeah fuck well anyway beyond that Hey, we got a fun announcement game.

Oh, yeah, this is a long time coming. We have new shirts. We're going to be rolling out some merch this summer. These are the first batch. For the audio listener, God. Oh, wow, there's something on the back. Well, you'll have to see it on the website. The Ben and Emile show.

I like how Ben has no idea what's ever going on. No, no, I know what's going on. I know. Should I have worn this? Probably. You put it on now. You'll get a better look at it. Everybody put them on.

Also, then I'm going to be. Also, if you're an audio listener and we wish you could see it, you can see it. Head over to benedemielshow.com and you'll be able to get a close look at them. One of them is going to be in three different colors. Pick your poison. Wow, wow, wow. Yeah, it's going to be three different shades of black. Yeah.

Dark. But you'll really be able to tell. Yeah. And you'll be pissed. You'll be like, ah, should I went with the lighter black? Yeah. Well, it's summertime. We need the heat absorbing clothes.

Also, we got the Q&A next week for the $10 tier subscribers on Ben and Emile Show. go to the discord to ask your questions and emil doesn't want to do this but i want to do it to make it easier to to have you guys give us your phone number and then we'll call you but it doesn't need to be that way why even why even i don't know i'm just bringing it because maybe people will be like yeah that's easier it's funny so you're trying to play the you're trying to play them against me no i'm not trying to play them against you because i think you're right i don't understand how it's easier if it's because sometimes people don't know how to we don't have to argue He texted me in private.

He said we're trying to play them again. Just go to the Discord. Also, just real fast before we get into our lead story. Real bad news, everybody. Zin sales have been suspended on zin.com, I guess. Due to the investigation. There's a pending subpoena in Washington, D.C. No, there's no do-do investigation.

But what's the other? Didn't something else just happen like today? Maybe that's it. Yeah, that must be it. Ben, I don't even know what you're talking about. Did something else just happen today? A lot of things happened today. Yeah.

Oh, the Boeing CEO, Dave Calhoun, he got hauled in front of a subcommittee to get his heinous bank. And he turned and addressed the victim. There were some 737 victim families behind him. And he started psychopathically just empty saying, like, I'm very sorry for our planes crashing and your friends and family or whatever dying. And someone actually yelled out, you should be in jail. Pretty good.

That's pretty sick. Yeah. And the senators were giving him the what for, which I really appreciate it. I'm working down town with Benin'i to me. Tell me what's going on. Tell me what's going on. So listen to you're not too bad in me.

Tell me what's going on. Tell me what's going on. Tell me what's going on. Tell me what's going on. Okay, we're not going to shift gears because in a Tesla, there's no, there's no, there's no, there's no, like, drive train. Well, there is, but it's not, there's no gearbox. There's no transmission. It's just, it's just all pedals that stick to the floor and just, uh, speaking of, did you see the guy who, he has a conspiracy theory that Tesla is like doing a big cover up for all these, um, mishaps?

He, like, posted the thing about how a Tesla drove through his house. Yes, and within 15 minutes, it was cleared out. And he's taking pictures, and all of a sudden, the tow truck shows up. And he's like, whoa, whoa, whoa, like, the cops are on their way. What are you doing? And he's like, fuck you. Get out of the way. We're taking this.

Yeah. Yeah. I don't know. I believe everything that I see on the internet, but that one I was kind of skeptical about. But there's photos and videos of it. I know, and he's got timestamps. Yeah. For those of you who don't know, as Emil just described it, some, I think it's here in L.A.

Yeah, it looked like palms, I think it was. Yeah, there was a guy who had a Tesla just barrel into his house, into his living room. And within, like, before the cops even arrived, a tow truck came and took it away. Yeah. Which is absolutely banana. There's a lot of conspiracy theories. There's the entire, so when you've got to, when a company goes bankrupt, you typically put a cue at the end of the, the ticker symbol can change, but sometimes it's just you slap a cue on the end of it. And the entire world of Tesla perma bears who believe that Tesla is just a

house of cards refer to it as TSLAQ. Yeah. Yeah. So it's kind of a different kind of cue boys. Different kind of cue boys. But so last week, Elon's stock package was approved. And it's a little complicated because it was. Well, it wasn't necessarily approved. It was voted on again. It was voted on. I mean, this has been going on forever. They proposed this stock package. And it's so funny, because they talk about how they needed this to keep his attention. And without Elon's attention, everything would fall apart.

But basically in 2017, they put in, they put together this controversial stock package of 56 billion, what would be worth $56 billion in options for Elon Musk. If certain criteria were met. Right. And it's a big risk, right? Performance criteria. time he's not taking salary he's not getting paid um and so it's a big gamble and he hit he had to hit all of these milestones in order to get this huge package um it was controversial at the time when they put out the package people were going like don't vote for this this is fucking psycho

um well and also it seemed truly impossible it was like i think part of it was like the stock has to 10x or something like that yeah which it did i mean at the time this was all put together I think the market cap was like $60 billion. Now it's close to $600 at this point. It's now, I think, $700, yeah. Or no, you're right. Yeah. Sorry, go ahead.

I think it's just about $600. And so, yeah, it's approved in, it's put to a vote, 2018, gets 73% of the vote to approve it. And then he gets sued, and they try to fight off the suit. The one in Delaware? Yeah. Yeah, so they were incorporated in Delaware. and there was a judge in January who threw out this compensation package saying that it was

quote, deeply flawed and didn't pass the burden of fairness. And so that's... Yeah, that's because they're saying... That's way too much compensation to give. No, they're saying it because, you know, this is all approved by the board of directors and stuff, and these board... The directors are supposed to be independent entities. And the whole thing here is that the entire board is made up of...

And usually the norm is that you're not using family members. You're not using employees. You're not using people who have close personal relationships with you. And that's what his entire... What did you say? Close personal? Yeah, I did. I fucked that up.

Yeah, that's okay. That's one. And... Fuck. Don't count that one. But, you know, you got Kimball Musk. You got Larry Ellison, all these people who are deeply invested in his things. And then, I mean, the weirdest part is they have all these stories about him doing drugs

with all these people and just like ripping ketamine and so it's quite an unusual well there's anecdotes that are peppered in there like i Jesus i can't remember i think it might be kimball but someone's biography uh has a story someone very close to elin there's a there's a story about him joining a poker game like either in college or just after he uh the PayPal stuff he admittedly didn't know anything about poker sits down and just kept going all in on hands and just kept losing but then he just kept doing it until he finally made all his money back and then he stepped away and I feel like that's a good anecdote for who he is at his core just like risk risk risk don't care don't know enough who kimball or Elon Elon okay um

hey everybody hey gang we're doing a quick break for one of our our ads today we got cuts all right listen up this one's for anyone who's trying to up their summer wardrobe all right you you've already seen it actually this ben wore his beautiful black polo last week did you guys see that did you notice and we know you saw it because we saw a bunch of comments being like my god my guy looks fly as hell and you know why i wore it because it genuinely was a great shirt yeah it made me feel it first of all the fabric feels really good the the cut itself was very flattering. And, yeah, I just was like, I need to wear a shirt, and I've got this shirt from cuts.

And I got a black tea and some pants at home that are gorgeous. They're really good. Yeah. So, yeah, not only has cuts completely changed the T-shirt game, but like you said, they've got other simple yet sophisticated items. They've got bottoms that are stretched to fit joggers look way better than your khakis, and they're a thousand times more comfortable. All their clothing is comfortable as as. leisure but fashionable enough to wear to work or backyard barbecues I mean look

at me I looked refined yet sophisticated couldn't you see that man at a barbecue yeah so here's what we got ditch your old sweaty dingy t-shirts and enjoy cuts premium fabrics when you touch something from cuts you can immediately feel the quality the proprietary fabric blends are ridiculously soft and breathable they don't wrinkle and they look way more expensive than they actually I mean wearing that black shirt it's hot here in Southern California and it's sunny And normally I'd be like dreading, wearing black. But it was, it really, my dude, those things breathed.

You looked cool as hell in more ways than one. Golly. And the best part, Cuts Clothing is built to last. Their durable construction means you'll be enjoying your favorite shirts and pants for years to come, making them a smart investment for your wardrobe. So embrace the summer state of mind with cuts. For a limited time, our listeners get 20% off your entire order when you use code Bays, B-A-E-S at checkout. That's 20% off your order.

Cutsclothing.com with promo code Bays. Please support our show and tell them we sent you. Experience the perfect blend of style and comfort with cuts clothing. Get cuts. But yeah, I mean, yeah, there's a ton of stories. Like, I forget which one it was. There's one of the guys who's a board member who's a VC, like ended up buying the rights to the first Model 3 when it was being released

and then gifted it to Elon. There's a lot of self-sucking. Yeah. Guys who are doing nefarious things and Elon helping them keep it all hush, hush. And so the judge was basically like, you put this to a vote and none of this was disclosed to your shareholders. They didn't get to make an informed decision on all of this because all of this was obscured from them. Yeah. This like weird board you guys have created here.

I mean, everything about this company is very, very, very obscure. That's the thing. Right. Everything is outside. Right of the norm. Just warranty stuff. Elon's relationship with women, which we'll get to all of it is, I mean, and this pay package also, I feel like people don't point this out. You know, we talk about all these like pay packages that CEOs end up with. You know, when we talk about the previous Boeing CEO who gets oustage and ends up with a huge

golden parachute of tens of millions of dollars, that's what, it's always tens of millions of dollars. And here we're talking about tens of billions of dollars. Yeah. That, that's, yeah, it's far and away. It's so insane. And it's different from the likes of, like, Mark Zuckerberg or Jeff Bezos, who, I was going to say, are born with it.

Well, kind of, because at the inception of their companies, they've already got the bulk of these shares, and they're not awarded future, like, further awarded shares. But so anyway, just because it pat, part of the reason why they moved to incorporate the company in Texas is because of. the shit that went down in Delaware with this whole lawsuit and Delaware is woke. Delaware is too woke. It's two, they've got pronouns on their flag and everything. They're the state's pronouns. Which are, um, fish, fishes. I don't know. Are they known for Philadelphia's not known for much? I talked shit on Delaware on Twitter once. I said it's like

not a real place. And the Biden heads came for you. No, actually, Aubrey Plaza fans, because she's, I guess, from Delaware. Oh, would have been cool if you just thought that Aubrey Plaza. Yeah, no. Oh, yeah. No, she didn't, she didn't, she doesn't know I exist. Not yet. But so it doesn't mean that he now gets those shares.

The ruling in Delaware still stands, but what the board of directors could do is issue a new compensation package, but then there would be all these weird tax implications. Well, this is also all in hopes to speed some of the stuff up where they're obviously going to appeal it anyway. but they're also hoping that because it's not finalized yet, that they can go to the Delaware judge and be like, look, we re-voted on it, we, and now it's all, all of this stuff is out in the open.

We did our, we made sure everyone knows about this stuff, and they voted for it again, 72% this stuff. So it begs the question, and we've already kind of touched on it, but why? Why does Elon Musk get this much? well as emil you already said it's because he pretty much told the board if you don't give this to me i'm gonna walk i there there will be no reason for me to stay at tesla i will liquidate my shares and move on i've got a lot of other things going and i could do uh pursue my products as he says elsewhere and he's also clearly very influential uh because to hear the uh the tesla board chair robin denholm say it

She says, it's Elon's vision for the future that has them wanting to compensate him. And that stuck out to me. It's his vision of the future. And it just makes, why the fuck, it's, why are we peons constantly at the whim of these billionaires' views of what the future ought to be? We didn't vote this guy in. But he becomes so powerful and influential and wealthy that he is. essentially able to kind of dictate what our future looks like. I mean, to a lesser extent, look at Steve Jobs with the iPhone, like, hey, I'm inventing

this new thing and creating this fucking need for everyone that now you can't get enough of you little. Innovation. Isn't that just the essence of capitalism? Yes. Yes. I mean, so we've talked about it before where he's got this like massive influence over things where he can kind of shape the future he wants to see, where we've talked about how when he started talking about the hyperloop. He was like going to cities who were talking to other companies about high speed rail and bringing it to their cities. And he'd put in bids that were way lower than everyone else's and be like, I'm going to, you know, make all your dream come true

with the hyperloop. And then where is the hyperloop? All we have is the one weird Las Vegas one. I mean, I just, for me, I just drove from L.A. to San Francisco and back this weekend. And the whole time, I'm going, why am I not sitting on a high-speed rail? Yeah. This is fucking crazy. And so he's basically sabotaging these plans. By instead promising alternatives. He has this huge amount of influence and being like, I can do it for cheaper.

We've got all, you know, we're the smartest people in the world. Let us handle it. We have all the science, blah, blah, blah. But doesn't get it done. Yeah. Because I do think that there's something to be said for these people innovating. And obviously, if people didn't want things. they wouldn't be a success outright.

Like, if we didn't want iPhones, they would have been a major flop. But still, to that, it's more like what you're saying, where he's not only detracting from other ways that municipalities can spend their money in smarter ways,

that was a fucked up sentence, grammatically speaking. But then... Go on. That fuck. Now we're tied. Then, but then it's, yeah, the things that are potentially

dangerous and also just a distraction and a gross misuse of resources in the self-driving cars. We'll get to that because there's, I don't know, there's a lot there. But so speaking of, projections. Kathy Wood, the permable for Tesla just put out with Ark Invest. They just came out with their 2029. I don't know why they're stopping at 20. Just round up to 2030, you absolute dingus. Dude, 2029. She knows. She's talking to Jesus, man. They laid out their bull case for Tesla. and they're now, I'm laughing because it feels funny, but I mean, she was also right once. Their bull case is $2,600 per share by 2029, or over $10 trillion in valuation, which would put Elon into trillionaire status. They say 90% of the value will be from the robotaxy business, of which they're projecting $951 billion.

Again, why not just 950? Denghis. You're the dingus. You don't know shit. You're right. I don't know shit. Projecting $951 billion in revenue by 2029. The dedicated Robotaxi is expected to be revealed this August, but they expect them to launch in the next five years.

And even if they say that even if they don't end up launching the Robotaxy business, they could launch a human-driven ride-hills service. So basically, oh yeah, if they don't, if they don't do the Robotoxy thing, they're basically going to make an Uber. Dude, that would be sick, though. Imagine that. Jesus Christ. They claim that Tesla's... That's worth paying for his attention.

What? Him coming up with shit like that. A new Uber? Yeah. Imagine if he went and focused on something else? Well, obviously there's competitors out there. The likes of Waymo comes to mind. But Arc is claiming that they're...

that Tesla is gathering meaningful data at 110 times the rate of Waymo and has transitioned to a neural network that learns from video data and negates, they said, like, 300,000 lines of code being needed. They say it's five times safer than a human-driven Tesla and 16 times safer than the average car and thus should be able to demonstrate superior statistically significant safety metrics and get regulatory approval. Because the big thing right now is they're not even close.

to getting any kind of regulatory approval from whatever government... You know it is hard to argue with with the self-driving cars? What? And the safety? Well, now they've got everyone so addicted to phones that I think if everyone was looking at the road,

maybe humans would be a little bit more safe, but... Sure. And roads were in better condition. I think we're all guilty of it. I mean... Not me, man. Yeah, right.

I put my shit... I turn it off. They were... Never looking at my phone when I drive. And even if I do, it's always an emergency. emergency. Didn't you just make of, like, a TikTok while you were driving recently?

What? You're like, on the road. No? I was like, Ben. What are you talking about? I was going like, 10. Well, that's the other thing. The amount of TikToks I see while people are driving.

I'm always like, Jesus Christ, aren't they fucking supposed to be looking at the road? But, I mean, I remember it used to be a couple back to the road, a couple back to the road. Now, I mean, I finished doing something and I'm like, what was I? I haven't looked at the road in forever. Hey, everybody. We all know, if you're a Glenn head out there, hey. Shout out to all the Glenn heads. Hey, shout out to all the Glenn heads. We all know and love Glenn. He's the chief compliance officer over at Moomoo, which gives us a little bit of unique insight into the rules and regulations around investing platforms. In other words, we trust Glenn. I trust, truly, I would trust Glenn with my life. And I have more than once. But I've been trading options for, oh, God, over 10 years. I've been trading. generally for a little longer than that.

And the value props that Moomu offers that I particularly like are the $0 stock options contract fees and 50 cent fees on index options. You really can't beat that. They got all these tools. They got pretty much everything that I would need right in the palm of my hand. If you're a beginner, if you're a more seasoned trader or investor,

I don't know why you'd use anything other than Moomu. And if you're like me and looking for something, that's great for, you know, more long-term passive investing. They got you there, too. I mean, it's great for any style of investing, but 5.1% APY on uninvested cash, plus 3% for new users for three months. I mean, and they just have all kinds of analysis on stocks. They got a 24-7 news team keeps investors informed with minute-by-minute updates. It's got everything I could want. Yeah, you're not being bothered by having to pay attention to what's on those other platforms and Twitter and whatnot.

So click the link in the description to jumpstart your investing journey today with up to 15 free stocks upon making a qualified deposit. And if you aren't quite ready to start investing, Mumu is also giving new users 8.1% APY for a limited time on your uninvested cash

while you plan your first trade. Plus, if you're already a trader and want to graduate to a more sophisticated platform, transfer your portfolio to Mumu and earn up to $300 in cash rewards. But make sure to click the link in the description and sign up to take advantage of these awesome promos and experience a better platform with moo-moon yeah that scares me too there's moments where i'm definitely like i'm doing

something else i'm looking at the radio or something i'm tinkering i'm not looking at my phone but there'll be moments where i'm like holy shit or someone's slamming on their brakes it's just not you know what i think of every time no it's the phone for me i think of i think of myself in jail and i go it's not worth it it it is it is just not fucking worth it like running over a child That's what I'm talking about. That's how we got to jail for that. That's the bad part about that is the jail part. Hurting someone or, God forbid, yeah, like maiming someone or crashing into something.

I just put it down. I know, I will, but it's impossible. It used to be, I'd get a text and I'd go, ah, I don't want to answer this. But now I'm like driving and I'm like, who was the basis for Thin Lizzie? And then I'm like on their Wikipedia page. You're saying that this is part of why robo taxis will catch on because people want to be on their phone because we're going to get, we are going to reach a level where we are so hopelessly addicted. Yes, that our attention is just, we're all just. How about a heads up display?

So it's just right there while you're driving. So you're still human powered, but you're like, I got a text message. I got Apple CarPlay. That's what it does. Are you serious? It's a heads up display? Well, no, it's, I mean, it's like on the GP. It's on the screen.

It's on the screen. I'm talking about, I'm talking about. I know. Graphical interface. I guess that's why I don't do it because I was driving with our friend Steve and he was like, well, that's efficient. And I was like, what? I didn't even notice anything.

I was like answering text with my voice. Whoa. Yeah. Well, not me because I'm sticking with my O3 Tacoma. Thank you very much. I'm never getting that thing's going to stay dumb, staying dumb. And so continuing here, Arc and Kathy Wood are expecting 45% per year production increases to get from one point. because obviously they're going to need a fuck ton of robotaxies

if they're going to realize this. But they're currently only making 1.8 million of them a year and they're projecting them to get to 6 to 16 million a year by 2029. This is my favorite one. Give it to me. Optimus, the robot. There's going to be one in every home. Two in every home.

They're saying that optimists will also make them a leading global manufacturer of robots, which alone could save Tesla billions and labor costs. Sure, I buy that. If they make that a reality, it will naturally save them a few billion a year. And they say that humanoid robots present a 24 trillion dollar global revenue opportunity or roughly one quarter of global GDP in 2022. They then... But isn't the last time we saw his little demonstration, it was like a guy in a black suit with like a... No, they've got the actual one and they're showing it like doing complex looking things.

And it's because it's manually controlled by someone just off camera, which is like his whole thing. His whole shtick is this vaporware kind of move. There are two in every home, but a bunch of guys going to work to control all of them. My favorite part is in the risks that finally you go through all. They gloss over the semi-truck, which everybody just kind of conveniently forgot about. They gloss over the supercharging network. They gloss over full self-driving licensing is not being that significant to their price targets. but then the risk section

because they've always got to have that their risks are well Elon might leave or a natural disaster or pandemic would stop so there's only three things there's only three things

that could stop this train from falling off the rails so then that brings us to the shareholder meeting which was just last week and if you haven't seen it here's the video of Elon coming out he just looks

Oh wait also before we even get to this you know it was very funny so they wanted to incentivize everyone to vote for, uh, vote for this latest pay package thing. And I think it's like, uh, close to 70% of the shareholders were, or 30% of the shareholders were like individual investors, not institutional investors like Vanguard and BlackRock and all these people. Yeah. And, uh, most of the time, retail investors are not voting on stuff, right? They go, forget this. I'm not. And so to, you know what they did to incentivize everyone to vote?

No. They promised to, if you vote, you get put into a raffle and you get to do your little Willy Wonka tour of the Gigafactory in Texas with Mr. Elon Musk. That's kind of, that's a good incentive. They're obviously hurting for it. So, yeah, they had the shareholder meeting. You get to hang out with this righteous dude. Yeah, here he comes.

Look at this. Comes out. Whoa. God, he's just... Let's go! Let's go! You know, I just realized he's kind of like if the phrase let's go were a person. Yeah.

Just... I like that people work... So I'm sure you've seen the clip of Taylor Swift dancing that everyone's done here on. I don't mind that one so much. But people are going, this is Elon Musk for white women. and so people are putting the two dances next to each other sorry to the Taylor Swift people

don't fucking freak out so there's a couple highlights I wanted just to dovetail off of what we've already said here's him talking about robotaxies the owner of the car will far exceed the actual monthly payment and then Tesla will obviously take a rev share on that but most of the money will go to the owner of the car

and it's this is actually going to work this is what will happen So, I mean, I'd mock my words. This is simply a matter of time. Now, admittedly, I'm a little optimistic sometimes. So I don't have self-awareness. But if I wasn't optimistic, this wouldn't exist. This factory wouldn't exist.

What's the thing where he can't say the, like, he's like, optimistic? He uses his, instead of making a, instead of making a bee with his two lips, he uses his top teeth. Optimistic. Optimistic. Optimistic. Yeah, it's, he, I don't want to say anything mean. I just can't say anything mean right now. I'm really trying not to.

But, yeah, he's, part of the case for the Robotaxies is that not only is Tesla going to lease them out outright, but people who own them are going to be able to dictate, oh, I can have it open for three hours this afternoon and it'll just go out. it's own and make me extra money. Come back with pooping it. Dude, that's what I'm saying. I would not want to... Ew. Fucking disgusting. I don't trust people.

It's like when Airbnb first launched and there were like meth addicts just camping out in people's homes in the Bay Area. I mean, sure, that's an outlier, but you ever been inside an Uber? They stink. No, they don't.

Yeah, they stink. That's not true. People are going to be smoking weed in the cars like crazy in L.A. People are going to be getting and sucked off. I think, well, that's the problem is that there's no one in it anymore to be like, hey, don't fucking jack off. So it's going to be a real den of sin in there. Well, then he goes on to talk about how he thinks everyone in the world is going to want one of their robots, literally

everyone. Then there will obviously be robots in industry making stuff. He thinks the ratio of humanoid robots to humans will probably be at least two to one. You know what's going to be cool when all these guys turn on him and, like, rip his body limb from limb? What? Did the robots are going to do it? No, it'll just be cool when that happens. Oh, yeah. I just want to put into perspective all the people out there who gobble up his diarrhea,

his verbal diarrhea. Because it sounds pretty promising and pretty massively possible that there's going to be a humanoid for every human on Earth. That's, what, $8 billion? And then $2 to 1, that's $16 billion? Just to put that into perspective. Apple, over the life of the iPhone, has sold two and a half million,

or sorry, two and a half billion iPhones. Everybody in the world, like so many. Is he saying everyone in the world or everyone in the country? Elon? Yeah. Saying globally. Globally, everyone's going to...

Well, not everybody's going to own one, but just that there's going to be that many. They would have to, I mean, think about, the iPhone has been out for, what, 15 years, something like that? And even throughout that entire 15 years, they've only managed to sell two and a half billion of them and they're only what a thousand bucks versus how much a humanoid robot's going to cost they've only sold two and a half billion yep from first from first generation generation to this two and a half

billion throughout the life of the iPhone I mean I must have bought six or something pathetic absolutely what a loser consumer you how many of you bought Oh six I mean the dang things crap out I mean yeah I keep dropping mine it must have scared the hell out of my downstairs neighbor just funk sorry lady

and so before we get into the red flags which is coming next he's already gearing up for the next if you look back on everything he's always got something new to pump to pump the stock up yeah

it's always been self-driving it was the semi-truck it was the new models it was um god what am i missing i mean the cyber truck cyber truck is a big one the cheaper model cheaper model that's delayed forever well now he's just kicking the can again he just tweeted yesterday yesterday for us two three days ago for you guys working on the tesla master plan for it will be epic. So that's just their latest thing where they're going to compile together their master plan laying out the company's plans for the next five to ten years. So it allows them enough space, enough room to do what they always do, which is make big promises under deliver, but make so many and be doing so many different things that it doesn't really matter.

Oh man, hey, Emil, you know what I was just thinking about? You know what I actually did notice the other day? What did you notice? I know I had all but forgotten. whether or not I still pay for Hulu, Hulu and Disney Plus. I couldn't even tell you if I do. Yeah, exactly. And I wouldn't even know, even if I were to try to find out, I wouldn't know which credit card to look up to see, like, is it linked to this? Which email account that I used to sign up with?

Is it, you know, and so there's a, there's a solve for that. They figured it out. They're called Rocket Money. These good folks at Rocket Money, it's a personal finance app that finds and cancels your unwanted subscriptions, monitors, you're spending and helps lower your bills so that you can grow your savings. I mean, we're not the only ones with this problem. Most Americans think they spend about $62 per month on subscriptions.

That's crazy. But the real number, closer to $300 per month? Mm-hmm. Wow. That's literally thousands of dollars a year, okay? Half of which we've probably forgotten about. Thankfully, Rocket Money's here. We got your back.

Yeah, Rocket Money has over 5 million users and has saved a total of 5. $500 million in canceled subscriptions, saving members up to $740 a year when using all of the app's features. Can you imagine what you can do with $740 extra macaroos per year? That's a lot of candy bars. I'll tell you, that's a lot of candy bars. It's a lot of candy. So if you want to be buying more candy bars this year, stop wasting money on things you don't use. Cancel your unwanted subscriptions by going to rocketmoney.com.

That's rocketmoney.com slash bays, rocketmoney.com slash bays. B-A-E-B-A-E-S. And that's kind of what ultimately I'm going to get at here, is that... Yeah, because you see a lot of red flags, but it doesn't matter. There are so many red flags. I couldn't believe it as I'm doing it. All right, so hit me with it. Okay. Here's the list of red flags. And hat tip to... God, I can't remember his name, but I'll put the link to this in the description. because I there's like over a hundred of them and I just took my favorite ones you got a high

turnover in senior executives including ones who were outright fired many of whom end up just dumping their shares boom layoffs boom well high turnover is sure yeah in senior executive positions is not a good look right layoffs they just laid off 10 to 20 percent of their workforce including offers made to interns which doesn't make sense because why would you pull offers to your cheapest new talent if you're meant to be ramping up production, you're going to need as much talent as you can get. But that lends itself to the problem that they're stuck in where they've lowered their prices amid lowering demand,

and it just kind of becomes this negative feedback loop where they're simultaneously having to keep the margins high, or keep the margins, yeah. Hadn't he just hired a bunch of them back, though? Wasn't he kind of like weirdly bluffing? That was the Supercharger team. He hired some back. so they've had major price cuts over the last 18 months it's hard to come back from that in terms of margins and brand reputation because it kind of tarnishes it you know a Mercedes once costs 80 grand and now it's like hey we'll give it to you for 40 you're like the fuck the fuck I thought this was a luxury brand yeah I thought this was the car Adolf Hitler rode in that's right uh I love the Pope mobile did the Pope has been on one oh yeah we're going to talk about that in the bonus that guy we got so much going on this bonus that guy cannot stuff that

saying Epsilon. Yeah, he really can't. Anything just because it's an Italian. We're not going to find out. Okay, so Tesla's also got no new innovation to spur demand with their average. The average age of their models is nine years old. No new models. We've only got the like S3, X, Y, and Cybertruck.

But they're also working on the cheaper version, which he had Nix, but now, I mean, you also can't keep up with this fucking guy. But yeah, the cheaper one is supposed to be back on track. Moving on, we've got inventory is piling up in the United States, and since they don't have dealer networks to dump onto, they have to keep all of the inventory on their books. That's kind of been an old one. That's always kind of been the situation with them, though.

Big one, you've got slowing demand for EVs generally, and consumers are starting to shift back toward internal combustion engines. Or just hybrids. Yeah, like Toyota's just made a big move working on. like smaller internal combustion engine. Which kind of makes sense. I mean, we're just like, the network is just not there. Oh, yeah.

The hybrid seems to be, I wish I had a hybrid. Me too. Fleets have stopped buying due to strong depreciation and a lack of consumer demand. Full self-driving has been promised for over a decade at this point. Another big one, high turnover in key accounting and legal positions. The chief administrative officer left after just a month, turning down like a $10 million dollar pay package. Big red flag. CFOs are always internal. They've got general counsels who are always leaving people in legal positions. There have been many whistleblower complaints. They're

burning through cash. I mean, the legal makes sense when this guy, I mean, we're going to talk about the SpaceX stuff, but I would not want to be dealing with this guy's bullshit. Oh, yeah, having to defend this dipship. Probes from the NHTSA and lawsuits regarding the full self-driving. They've got the highest accident rate from any other manufacturer at 20. 23.54 per 1,000 drivers. Elon's got a history of aggressive retaliation against whistleblowers. Some employees are just leaving outright for quality control reasons. This guy, Ethan Heald, was a senior mechanical design engineer left because of being,

quote, uncomfortable with the condition that we were releasing the cyber truck in. There's the immediate recall on the cyber truck. Stuck Accelerator just, like, underscores that. The company required employees to only communicate via voice regarding product. quality issues to avoid incriminating evidence for future regulatory investigation. That's just smart. That's just smart. I mean, come on. That is really smart. All the, all the emails and texts

when they come out every time there's a lawsuit, talk directly, face to face. We got problems? Dangerous stuff? Let's talk. Let's just talk. Send a voice memo. Or I'll text you. Hey, meet me in the hallway. Let's chat. You've got shit that's now years old, but I mean, it just speaks to

his just total lack of what would I, what would you call that? business ethics bailing out his cousins with Solar City I remember that was a big deal at the time and it just kind of got brushed under the they were swept under the rug

Solar City was in trouble he swoops in and like hey we're actually acquiring them and it's going to make total sense it's going to be a a synchronicity synchronicity yeah we're integrating Solar City into all our brands

yeah and then they just like slept on that let's see they he says Tesla is an AI company yet they're raising so this is a big one he says that Tesla is an AI company and yet he's raising billions of dollars outside of Tesla for his X dot AI thing X AI is going to be huge dude which is his fucking petty goal of defeat he just cannot be beaten and because he's so focused singularly focused on so many individual things including and especially now, being the first to get to AGI. He's now taking on...

Well, he dropped his lawsuit against Open AI. That's a big one. So he's got to go full bore, XAI. He's got to get that AI into the little robots. Speaking of raising billions, their capital expenditures for 2024 are huge at $8 to $10 billion compared to 2023's $8.9 billion. This, despite the heavy layoffs, two canceled new models, gigamaxico being paused

the supercharger team gone what the fuck are they spending money on also you can't so you could be speculating he could be using resources funneling them out to to fund xAI you don't know because

he also just took out a loan from SpaceX of $1 billion so it's entirely possible that he's the guy is so clearly above the law and above any kind of ethics that I believe anything at this point, that he's capable of doing all this shit.

It almost done here. Despite massive public problems, they have substantially lower warranty claim rates than other major car companies because, so let's take that apart real fast. They've got these really high incident rates, and yet, paradoxically, they've got really, really low warranty, like redemption rates. And that's because they're recording warranty expenses as goodwill by deferring them and not recording them as a cost of goods and services that would end up on your balance sheet by artificially lowering warranty provisioning. And they're also blaming consumers.

So on top of that... That's a good move. I like that. I mean, it's just... No text and email and blame the consumer. It's one of so many ways that they just have these accounting tricks that they're doing that it's just kicking the can down the road. And you remember we covered these people complaining

about their service appointments getting canceled and just not rebooked. That's them. They're stalling to avoid recording those costs because it costs a lot of fucking money to repair these cars. Also, people just saying there's outright lies about the range claims and all of that stuff.

That too. And then you've got on top of that, which hurts demand, because these cars are not, now proven to be very expensive to maintain, it means it's a higher cost of ownership. So, like, insurance rates for these people who are then having to repair it themselves, well, that has a reverberating effect, and it becomes known, these are expensive cars to insure. Insurance rates go up.

I'm less likely to buy a Tesla, not only because of the range anxiety or Elon's being a bad fucking PR nightmare for the company, you name it. Might drive into someone's house. but again does it matter i don't think it does because it's it is the longest running meme story stock that we've ever seen and while i do think that something's going to break i think it's going to be a long time before that happens and he's been lucky and untouchable before and whereas nron at its peak was valued at like 70 billion dollars i truly think at this point Tesla's, like, too big to fail.

Well, and Elon is, I mean, people have compared him to Trump before, and it's like the same thing where you, all these things that. When you're a cult of personality like that. Would be, I mean, he should be persona non-grouted by this point, but it just doesn't fucking matter. People are like, no, it's actually cool he did that. Yeah, people truly don't even care. I mean, you look at some of the, his biggest cheerleaders, like,

what's his name Kevin? Meet Kevin? Or Ross Gerber? Your favorite guy, meet Kevin? Yeah. They still are like... Ross Gerber of the baby... The baby heir? Yeah, the baby... Baby food baron.

Baby food baron. Yeah. Yeah, they still... I mean, they're not crazy about him, but they're not going to outright fucking abandon him. They're still like, oh my God, he created the most shareholder value out of any CEO ever. I'm like, just suck my fucking...

Dick, man. Golly. All right, let's get to the fun stuff with this fucking moron. He's getting sued by SpaceX employees. Well, let's maybe caution the fun stuff. I wouldn't call it. Oh, yeah. It's definitely not fun for a lot of people.

I mean, it's fun because it's embarrassing for him. Sure. It's embarrassing for him. And some of his behavior is a bit entertaining. Oh, yeah. I believe they call it cringe. Oh, cringe, I mean, it doesn't even, yeah. Which, and all that's to say before we get into this,

I've traded Tesla stock a few times. And, yeah, I've made money on it, but then I've also lost money on it. So do I have my own personal kind of vendetta against it? Yeah, a little bit. Yeah, I would say a little bit, especially missing the entire thing because the whole time I've been like, I don't trust this guy, I don't believe this guy.

And where do I trade? I trade on, I trade on Moomu. That's my go-to app. My favorite platform. That's my favorite platform. They got a lot of tools that I wish I had had a long time ago.

I tell you that. They got a nice little offer in the description for everybody who wants to sign up, sign up thing. But let's look at this thing. So yeah, the Wall Street Journal put out a big article, Elon Musk's boundary-blurring relationships with women at SpaceX.

It's also funny. I mean, yeah, again, these all seem like things that would be bombshells and, like, the CEO would be like, I'm taking a leave of absence among people snapping pictures at him leaving. But, I mean, yeah, some of the stuff had come to light a long time ago. Remember the massage on the plane? It'll give you a horse if you massage me or whatever. But nothing ever really matters with this guy. I love this, though, the woman in question,

she visited Musk at his home multiple times as she struggled at work to establish herself according to people familiar with the matter and friends she confided in. He would text her like a lot, said one of the friends. When she didn't respond to a nighttime invitation to come over to his house, Musk texted her name repeatedly, the friend recalled. That's, I know that that reminds me of me when I was in high school.

And my friend, the girl that I had a crush on, wasn't answering her phone because we were meant to like ride together after and i didn't know then i've told this story i didn't know that when you get a missed call i thought if you call 40 times it's just missed call you thought it was like a landline yes and i had nothing to do so i just kept calling i was like well maybe she'll hear it she probably can't hear it jesus and yeah i must call 30 times just Melanie Melanie no shana shana shana Shane. No, I wasn't texting.

I was calling it. I know, but that's what he was doing. This one's... Like what? Go ahead. You read it. About a half year into her job, the woman received another invitation

from Must to come to his house, according to a text exchange reviewed by the journal. Come by, he wrote. When she didn't respond, he peppered her with more text. Look, it's either me or 6 a.m. exercise,

smiley face. Just finished the Model 3 production called. It's definitely going to be hell for several more months. Are you coming over? If not, I will probably trank out too stressed to sleep naturally. When she still hadn't responded, he wrote, probably best if we don't see each other. I mean, my gosh, she's not responding. Just, oh, Jesus Christ. It really is, it really is pathetic. I mean, he just wants to be, he just wants what do you think it is um i mean he's clearly just an extra i don't know what he's got i think he's like a very unwell person um i mean none of this makes sense i mean like that

when we were reading the pay package stuff i'm going he he can only be motivated by close to 60 billion dollars yeah and all and he's the only man he's the only person capable of leading the charge toward these outlandish aspirations. Again, I don't, it's watching all of this stuff, I mean, people watch this guy coming out, doing the goofy

dance, and, you know, people are literally by the end chanting Elon, Elon, I'm going, am I missing something? Yeah, I think it goes back to what we had said before, kind of similar to if we had made millions of dollars in Bitcoin, we'd be singing a different tune.

I think a lot of these people have made life changing money with him and with Tesla. So it becomes a lot easier to dismiss these things. But for me, when you, and for the Tesla Q people who are, who are skeptical to say the least, I think it's taken as a whole when you've got this guy who's clearly, whatever you want to, whatever adjectives you want to use to describe them, psychopathic, megalomaniacal, a lie, unknown liar, just a creep. all that stuff sure that aside also a prick i mean we've seen plenty of interviews where he's

a vindictive petty childish yeah prick um you've got all of these accounting red flags so the just like i was listing off the the accounting red flags the um the executives leave the just the executives bailing all of these things and his checkered past of overpromising and under delivering you've got all the pieces there for it to be another Enron at 10 times the scale. But it's just the question everybody's always been asking is, okay, well, what's going to be the final shoe to drop that really takes it down? And I think it's eventually going to be when they're free cash flows, because they just tip negative these last couple quarters,

but if they stay negative and they really start going into the negative territory, Tesla's going to need cash to keep kicking the can down. Yeah, I mean, I think that's the only thing it can be. I think that's what's very odd is all these things we're talking about are things that would bring down any other company. Yeah. That's, yeah, it's remarkable. So, yeah. Unless it's something like that, I mean, you're talking about sexual harassment claims.

There have been all kinds of, like, racist, toxic workplace things. uh plenty of scandalous things that just no one even seems to care about yeah it's really it really makes me feel crazy um but then again i am i am cuckoo so what else is new am i off today no you're good am i good you're on dude yeah i'm so on people are liking it i got a i got a couple texts from people being like ben looks good ben looks good do i look good right now? Mm-hmm. I got, why'd you look at my hair?

What do you mean? I like the hair. All right, let's think. Are people liking the hair? As far as I can tell. I don't know, I don't read the comments. No, no, not, no, I never read them. People out in the real world.

Oh, yeah. Oh, dude. Are you getting like, nice hair? Like, as you're walking. No, no, none of that. None of that, none of that, none of that. None of that kind of stuff. Let's, let's change the subject.

Yeah, yeah. Let's not talk about the hair. Let's talk about the markets a little bit. We got, invidia just today I wish I had a birthday hat or something they're officially as of today number one again baby

number one most no not again for the first time I thought they passed it number two Microsoft was number one oh and then now they're the number one most valuable company there's also a lot of people who are out there similar to Tesla but kind of worse because

what are you hating on but a lot of people are claiming that Nvidia is also a house of cards and that they've been doing a lot of accounting tricks and that it's I'm not fully convinced that it's not I mean this it depends

I mean it yeah it depends on a lot of things happening for this future to continue where I don't know I'm not entirely sure that like a ton of air is just going to come out of the whole AI thing and people are going to go you know I don't have a need for all these

so expensive ridiculous computing chips. Sure. A couple of things. I agreed. I was intrigued at first, but then the fact that the likes of Microsoft,

Apple, Google, Amazon, TikTok, you name it, so many of these companies are openly talking about buying how much they're spending on these chips. So that's one thing.

It's not like they're faking the numbers because it's reaffirmed, it's confirmed by these other companies that are buying them up. But I think it goes back to what Mark Zuckerberg said. Yeah, those companies are actually buying them. Yeah. The action, no, so it's like what Mark Zuckerberg said.

But there's not like a real, sorry, go ahead. He said one of the, I think it was their last earnings call. Hey, look, it's probably going to be a while before we see the fruits of all of this investment into AI. And I think that's what you're getting at, right? That it's like, hey, you guys are dumping all this money into it. When is it going to actually?

affect our bottom line. If at all. If at all, yeah. If people are going to find these new integrations useful. Please, bro, use the AI. Please. I mean, I'm really curious about...

I put so much money and work into it. I'm really curious about the whole the new iOS thing. I'm just so curious about how it's just going to get turned on on everyone's phone and stuff. I don't think it comes out until... It's going to be a while, but... I'm very curious if I'm just going to get calls from my dad being like,

what the fuck it's going on with my iPhone? I can't tell if it's just me being a little bit of a... What's the word for someone who's a leadite? Thank you. I can't tell if I'm being a leadite or if I'm right, but yeah, it doesn't feel like... Maybe you're a led right. Thank you very much. It goes back to whether or not these billionaires have an accurate vision for the future.

I think that there is – they're not invulnerable to following the crowd. They're not invulnerable to succumbing to flashy trends. And I think that there's something to be said for, hey, Apple's doing it or, hey, Microsoft's doing it. Shit, we got to catch up too. We don't quite know what it's going to look like or what it's going to be, how much it's ultimately going to be. how much it's ultimately going to cost, what it's going to add to our bottom lines, but we got to do it too

because it's the next big thing. I mean, that's what this whole fucking thing has been. Yeah, right. Everyone just chasing each other, being afraid of like, oh, my God, what if a duolingo doesn't have AI capabilities or whatever? And it's, again, it's reminiscent of the blockchain shit where we're doing blockchain incorporating.

We have smart contracts too. We're all doing smart contracts. Yeah. So I, so that's, I could totally see this all being a house of cards. I mean, the, just. That doesn't mean that it's all going to collapse at once, I think. I think it would be a slow kind of, okay, this one spent too much money. Now they're, you know, they're having to

reconfigure and recalibrate. And I think Nvidia, in terms of just the stock, I think what's likely to happen is it's not going to outright crash, but I think you're slowly going to see money rotate out of Nvidia and into some of the other. big name stocks that have just kind of been cruising along. Yeah. Very healthy for the stock market to do. Let's see, what other shit we got? Should we talk about Wells Fargo real quick?

Yeah, because we got to salute those Wells Fargo workers. Well, we just want the Wells Fargo workers to know that we're in full support of... What did they do? Wells Fargo let a bunch of people go because they got They got caught with, you know, mouse jigglers and software that... That's what they're called. Mouse jugglers?

Yeah. It sounds not. It's all software to make it. People are cranking off. Because now with the... Yeah, that wasn't the only thing that was jiggling. If this, if this mouse is a jiggling, don't come a... Don't come a wiggling.

But yeah, with the whole work from home thing and everything, they've... all these companies, they're trying to track their employees, make sure they're not. Quiet vacationing. Sorry to use square quotes. Square quotes. Damn it! That's two for you.

So they were using software that makes it look like you're working. Look like they're working, but they were fucking off. But when you actually watch, like, I'm sure Wells Fargo was able to see it's just like, he's not doing anything. The mouse is just moving around. He just keeps typing QWERTY. Yeah, QWERTY, QWERTY, QWERTY, that's very funny. And then, of course, they fired them, which is not fair.

Which is not cool. No, give them a raise. Haven't you ever seen office space? It's also, just upper management written all over. All this stuff is bullshit because, like, they just need to make sure people are working at all times. And if you can just, if they're getting their work done,

yeah. Leave them to fuck alone. Yeah, truly. I have talked to some friends who their offices have switched over to, like, the very surveillance style. And they're like, it honestly, it feels worse than just being in the office because at least I could just look at an article

without being like, being like, oh, Christ, jiggle, jiggle, jiggle, where's my mouse jiggler? Oh. Let's see. What else do we got? We're wrapping up here. Southwest Airlines.

Did you know that Southwest has the highest number of passengers for year? They are the leader in passengers flown. And I think next is American Airlines. That is surprising to me. That is very, well, especially because honestly, until very recently, they've been siloed off when you would search for Google flights. Have you noticed that they include Southwest now?

Yes. Which is great. Because if I was looking for a flight, I obviously just want the cheapest one. Yeah. So I would have to look at Google flights and then open Southwest to see. Also, Southwest is always more expensive.

And they're like, how about a stop in Minneapolis, St. Paul? You're like, I don't want that. Well, so they just got an activist investor who put in like $2 billion and he's trying to turn the company around back toward growth and profitability, which means part of that may include

people paying for seats. So they might, I think that that's coming down the pike. Which sucks. I like their... I like the free-for-all. The egalitarian. Yeah.

Set an alarm. Get your section A. But it's fucked up because... You know what? It also was the best part. Before all the... Before all the pandemic stuff where they were more lenient with canceling flights and stuff, Southwest, I'm sure you know this, basically like 10 minutes before boarding, you could just change your mind, cancel. Yeah, and it was full refund.

Yeah, which is fucking crazy. Southwest rocks. I would do that a lot if I was, if I was like planning on going somewhere and I'd be like, ah, I don't know if I'm going to make it, but I'll get the flight and then I would just bail. Well, a lot of the other airlines have figured out that you can nickel and dime people and they'll pay it. I've been that schmuck. I've been that loser consumer where they're, hey, it's $25 to get an aisle seat or sit in the back in the middle, you fucker.

And I'm like, I'll pay the $25 just to be able to not be in the back in the middle. Yeah, they've really got a chokehold on us. They've discovered, I mean, God, man, the writing was on the wall with everything, just these little micro, pay a little extra shits. with the airlines because they started

doing it 10 years ago hey you want to pick your seat it'll cost you it'll cost you a little extra it's we have no other we have no other options right how else you gonna get there you want to drive

yeah you want to drive all right fine how much is it it's $50 or you could just not you could roll the dice you could chance it you might end up in the very back in the middle

you can be right by the bathroom I hope you like the smell of shit I sat in the back next to the bathroom one time and it was, it was pissing me off because people were in line. Right. It was just a constant line.

There's constant dick and vagina right in my face. You're looking around and you're like, I'm with a bunch of people who didn't want to pay the $25. Look at us. A bunch of losers. We're all chums here. Yeah.

We should have been up there. I guess. I'm row 20 material. You know what I mean? Well, how long is this? But instead they got me, oh, 36. Yeah.

Brutal. It's like my whole thing with, you ever see like a hot influencer girl and she posts a photo of a, of her flying and it's firmly way behind the wing, she's broke. Anybody who's like, I'm a jet setter and I'm projecting an air of some kind of superiority.

Yeah, you got to check where they're sitting. But then they're sitting in like row 60? No. You're the bigger fool. She's not getting a lot of, she's not getting a lot of sponsorships. But then you could say, well, at least she's paying her own way. Good for her. Good for them.

Good for those people. Good for him. Not very good at seat selection. It shows that you're not very proactive either. Why? You're sitting way back there because you could have... What if you just don't want to pay? Oftentimes I just don't pay.

That's true. And I sit in the back all the time and it fucking sucks. Yeah, it does fucking... It's also... It reminds me a folding laundry where it's like, oh, this is going to take an hour. It's a very stubborn thing because oftentimes it is like $35 and you're like, I don't want to give you another fucking cent. They're like, I'll sit in the back and I'll be happy about it.

Yeah, I won't be able to be able to... climb because I'm pushed up right against the toilet. Well, what sucks is even if you get an exit row, sometimes they don't recline. I think all of them don't because it's a hazard. You've got to be able to get the hell out of that airplane. Oh, wow. We are

well, looks like we're going to have to push some of this stuff to the bonus episode. We got Donald Trump went on Logan Paul. We got that new right wing influencer. Drop the N-word. Very casually. Very casually. Very casually. Very calculated.

And, no, I guess we could just say that Edward Snowden came out and said, do not trust Open AI. Which is also like, oh, wow, what a... Yeah, what a revelation. Yeah, thanks for that. Thanks a lot, Eddie. How'd you get that? Do you hack into the NSA?

Yeah. Hey, how's Russia? Isn't that where he is? Where is he? Sweden? Switzerland? Where the hell is he? I know he was in Russia for a long time.

I don't know where he is now. Where in the world is Edward Snowden? I get him confused at the WikiLeod. leaks guy Asange yeah Julian Assange but they both

you know they're moving you know they're moving you can't keep track of these guys you can keep track these guys well everybody

we hope you've enjoyed this episode leave a comment let us know what you think is a Tesla the house of cards is the next

Enron or are we just fucking Luddite morons who are jealous haters both can be true both can be true at the same

join us at Ben andemielshow dot com also if you want those t-shirts they will be live at this point Benetemielshow

com $600 each we got two of them yeah there's one each I don't know why I'm laughing and there's $600

we got a hell of a we got a hell of a we got a hell of a bonus episode for you here uh no one's giving me

they're wrapping up like now I'm gonna milk this thing man let's go go all the way I'll tell you how I pulled my back um someone got fingered I have something

in here that just says, holy shit. So we'll see what that is. All right. Don't long, everybody.