The Best One Yet - 🤖 “Elon built a robot” — Tesla’s humanoid robot. Kim Kardashian’s crypto fine. InnovaFeed’s insect meat.

Episode Date: October 4, 2022

The newest product from Tesla isn’t a car… it’s a humanoid robot for your home. Kim Kardashian was just fined $1.2M by the SEC for an Instagram post about crypto because click-bait can create students. And Innovafeed is mass-producing flies… to feed animals… to feed you$BTC $ETH $TSLAFollow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypodAnd now watch us on YoutubeWant a Shoutout on the pod? Fill out this formGot the Best Fact Yet? We got a form for that tooLearn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. It's Tuesday, T-Boy Tuesday, October 4th. And today's pod is the best one yet. It's just the best one yet. It's a T-Bow. This is the best one yet. Honestly, it's the best pod we've ever done.

Jack, what's the first story for today? Tesla's newest product isn't a car. It's a humanoid home robot. It's got two legs, two arms ahead. And none of it seems to work. That was an issue. For our second story, Innova Feed, just raised $250 million to build the world's biggest ant farm. They are mass-producing.

Blackflies to feed animals to feed us. Our third and final story is the SEC. They just issued a press release about Kim Kardashian's crypto. Kim Kardashian's cryptogram. The SEC just published a clickbait piece. It did. And that's the point. That is the point.

But before we hit that wonderful mix. A wild mix for a T-Boy Tuesday, man. Quick thank you to the thousands of Yetis who completed our audience survey. The results so far, Jack, can we whip them up? because they have been fascinating. I feel like Steve Harvey hosting Family Feud. Survey says, survey says, survey says that 80% of you listen to this pod every single day. Survey says 25% of you were recommended by a friend.

H-Y-H, T-B-O-R. If you know, you know. Survey says that 80% of you want dad hats, not snapbacks or flat brips. Jack, apparently the dad hats dominated in our survey like Darlene at Duncan. Also, a statistically significant number of you are asking for T-boy jewelry. Jack, can we fit mattress, mattress, mattress on a charm bracelet? You think we could pull this off? If you can think it, you can dream it.

A mood ring, but only slamming salmon. That's what we're picturing. Yeties, we are working on that swag, aiming to deliver it to you by the wintertime. But Jack and I are acting even quicker on something else. A top takeaway from the survey was that you'd like more T-Bow. And many of the Yetis asked for more types of T-Bet-E-Ly. You'll want more of the best one yet. You want more cowbell.

Well, we heard you and we're already working on it. We are and we'll explain more of the details in a couple days. Just wait. But mark your calendars for this Saturday, October 8th. You wanted more T-boy, you're getting more T-boy this Saturday. Thanks to all the eddies and besties who gave us feedback in that survey. Jack and I are basically zucking your best ideas. It's a level five zucking. Get ready.

Jack, let's hit our three stories. 15 years before this song, two boys from the Northeast. met in a dorm. They had an idea that caused a cultural storm. It's the best one yet, but the best is an norm. Jack Nick, that's it.

I don't even think they need to practice. 50%, that's a fat tip. Tea Boy City on your at list. If you know, you know, because we're ready to go. We can't wait no more, so just start the show. Start the show. For our first story, Tesla's newest product isn't actually a car.

We want to talk about the humanoid robots that may take over the world someday. Classic Elon Musk, Jack. This is just classic weekend Elon Musk, right? Two doozies of news headlines in 24 hours when no one else was making news. Okay, first, we'll give you a quick update on the Tesla cars. Tesla announced that they sold fewer cars than expected in the third quarter. Supply issues, disappointed analysts, so the stock of Tesla fell 9% yesterday.

Okay, great. The real news wasn't the cars at all. It was the human-shaped walking robot. that they unveiled at Tesla. Apparently, Tesla, the car company's new side hustle, is robots that look like your uncle. Tesla hopes that these robots do the unwanted labor in Tesla's factory someday. But like Apple and Amazon and like every tech company these days, Tesla knows that the real opportunity isn't on the roads.

It's in your house. So Tesla's next big bet is this new thing called Optimus. It's called Optimus. It's a human-shaped robot with two arms, two legs, and a head. And it's designed to be used in factories or in your home. Now, it's called Optimus because, Jack, this thing is like, this thing is optimizing. Yeah, Tesla's using the same sensors and artificial intelligence for the robot as they already used for Tesla's autopilot in the cars.

Now, if you're trying to visualize this, picture like a C3PO, but as if it were designed by Johnny I of, not George Lucas. That's right. It's got a sleek shape. It's got no face. It's the size of a normal human, the average person, from what I can tell. It kind of looks like the third member of Dap Punk, right? Yes.

I'm getting like Jim Carrey vibes in the mask, and I'm scared in both. Okay, I hear you. Now, at the Friday event that Tesla unveiled this, Elon said that Optimus will fundamentally change civilization. That was Elon's quote about the new Tesla robot, except there was one problem. It doesn't work. No, it doesn't quite work yet.

The robot does not function proper. Now, to sprinkle on a little more context here, there's one Tesla humanoid robot version that stood up and walked at the event, you know, we did see that. That was the ugly version, though. That's the one that's just designed to, like, pick up boxes and put them back down. Like the better looking sleeker human version that looks like it works out, has biceps and maybe does CrossFit.

That one didn't stand on its own. That one had to be carried onto the stage by three humans. So it's actually kind of ironic, right? Yeah, because they had to hire three people to take care of the robot that's designed to replace one person. Exactly. It's like three minus negative one is four. Just trust us on the math yeties.

Now, Elon says this new humanoid Tesla robot is going to be ready in three to five years and you can buy it for probably around $20,000. But we got to ask. Will it? It felt like a takeaway moment. So Jack, what's the takeaway for our buddies over at Tesla? Tesla invented what we call round up marketing. Besties, Tesla's stock price isn't linked to its products. It's based on Tesla's potential.

Just look at Elon's track record of product launches versus product arrivals. For example, the Tesla semi-truck was supposed to arrive in 2019. We don't have a single one yet. Or the one million car fleet of Tesla robotaxies that was supposed to arrive in 2020. Has not happened. Or Tesla's legendary cyber truck that was supposed to arrive in 2021. That's still MIA too. Yeties, Tesla's history is over, promise, under deliver.

But the stock is driven by promise, not. delivery. Look at Apple, on the other hand. When they'd present a new iPhone, it's available now. Not in like four years. What Tesla does is different. What Tesla does is round-up marketing. It doesn't sell cars. No. It sells potential. For our second story, this one's wild. Inova feed just raised $250 million to grow insects, to feed animals, to feed us. To understand this company, picture yourself in 10 years. I know we don't like the play favorites on this pod. But was this our favorite best fact yet from last week?

It's the best fact yet. Yeah, it was the one we did last week on the ant census. That one was great. Okay. On planet Earth, there are 20 quadrillion ants. Jack, can you sprinkle on some context for us over there? That's two and a half million ants per person. I'm claustrophobic as we're talking about this.

I just scratched myself. I'm scratching myself. Nick, Innova Feed wants just as many black soldier flies. Get this, Yeties. This Paris-based agroscience startup just raised $250 million for flies. They're worth a billion dollars because they're working on flies. Picture on Ant Farm. Yeties, Inova Feed is building vertical insect farms, but for one particular type of insect.

Yeah, the next one's going to be built in Illinois. Like, this is a Paris-based company, but they're coming here. And InnovaFeed's entire business model is all in. All in. on this one six-legged fly, known as the Black Soldier Fly. They are obsessed with the Black Soldier Fly. Because the Black Soldier Fly, Nick, it's perfectly suitable as food for shrimp, trout, salmon, chickens, and pigs.

Jack sounds delicious, but that Black Soldier Fly larva is ideal for pet food too. Sounds fantastic. How about Black Soldier Fly droppings, which are perfect as a natural fertilizer, instead of some chemical pollutive stuff? Sounds less delicious, but also in. Intriguing. They are literally betting the farm on this one fly. They're betting the billion dollar farm on the Black Soldier fly. Yet he's put away that fly swatter, drop the deep.

Don't worry, Anova Feed breeds these flies in controlled vertical farms with a whole lot of nets. Now, Besties, here's what Jack and I found fascinating about this story. We've noticed a new category of startup emerging, and we've called it climate change hail-marry companies. And this is one of those climate change hell-marie companies. It is because this is actually the second insect farming startup that we've seen raise over $200 million just this year. Yiddies, we're not trying to go all meat head on you, but this one's all about protein. Yeah, we talked to you last week about plant-based meat.

This is like meat-based meat with a really alternative form of meat. Nick and I love a good plant from peas to fig trees, but protein packs more energy and humans need ample amount of protein. But here's the challenge. Our key source of protein is animals, but those animals need protein too. Hence this hell-marry climate change. Exactly, Jack. So this company is mass-producing protein-packed flies.

They are. To serve animals. Yes. To eventually serve humans. So, Jack, what's the takeaway for our buddies baking fly pies over at Inova Feet? Yeties, hindsight is 2020. The best investors? invest like they have that hindsight now.

Okay, so factories to grow black flies. Factories to grow black flies. It sounds kind of absurd today, doesn't it, Jack? But picture the world 10 years from now. Does it still sound dumbnick? In 10 years, Yetis, the world's population will be 2 billion people bigger. In 10 years, the oceans will have risen by an estimated 3 to 4 inches. You got floods, hurricanes, droughts, not fun stuff, all expected to lead to more food

scarcity. In that world, in 10 years, growing vertical insect farms to feed animals to feed us sounds pretty standard, actually. It's like, of course we have these vertical black soldier fly farms. Who wants the roasted caterpillar? Yeties, you don't have to look to the past to have 2020 vision. The best investors use information today to get that hindsight right now. Now, a word about our sponsor, Robin Hood.

You know, honestly, your salad, it says so much about you. Nick, you like to blaze your own trail at the salad bar. I'm ordering a salad. I go off menu, man, like a combo of kale and croutons that has never been made before. Me? I'm not reinventing the wheel. I like to go classic. Sweakerian thinks it's a good combo.

Jack's not going to change that. Kind of like investing strategies. Someone to build a custom portfolio of stocks, crypto, and options. Others don't want to reinvent. Just give me the most standard ETF. Whether you're tweaking your one-of-a-kind portfolio every day or prefer a more hands-off approach, Robinette has the tool. If you're not investing on Robin Hood yet, to get started, go to robin hood.com slash

T-Boy to choose your free stock. That's robinood.com slash TBOI. Limitations apply. Stocks offered by Robin Hood Financial LLC, member SIPC. Crypto offered through Robin Hood crypto. All investments involve risk. By the way, this podcast is not owned or part of Robin Hood, and we are not employees of Robin Hood. For our third and final story, Kim Kardashian just paid out $1.2 million for pedaling crypto.

touting crypto. Touting is the legal term because the SEC has a new strategy to get your attention. It does. Celebrity takedowns. The Securities and Exchange Commissioned the SEC founded 1934 to police our markets. We never envisioned the SEC would issue a press release like this one. Jack, can you read literally the verbatim what was in the SEC's official government press release? Here it was yesterday. The SEC charged Kim Kardashian with a crime and that was unlawfully touting a crypto security. Kim, she's right there in the press release. Also, the key verb here is touting.

Can we talk about touting? Viriam Webster. Verb. To strongly encourage, and in this case, to strongly encourage buying crypto. Now, this touting incident with Ms. Kardashian actually goes back to June of 2021. Back then, Kim jumped on her Instagram and told her millions of followers in an Instagram story to buy this crap coin known as Ethereum Macs. that, unfortunately for her, was touting

technically. Yeah, she didn't say buy it. Right. But she's strongly encouraged. The unlawful part was that she was paid $250,000 from that craft coin company for that Instagram post. But she didn't disclose that. Now, she did in her defense say hashtag

ad, but the SEC wants you to do more than hashtag ad. The SEC wants you to say exactly how much you got paid and she definitely didn't do that. So, Jack, can you whip up the punishment for us over there? She's giving back the $250,000 and paying a million dollars to the SEC to settle these charges. Oh, funny side thing here.

That crap coin token, it was called Ethereum Max, and it jumped 25% yesterday on this news. Yeah, Nick, it jumped 25% but I still can't see it. Yeah, because that crap coin is only worth $0.00005. Not a joke. That's right. Yet he's five, ten millionths of a penny. That's the value of the crap coin that Kim was promoting last year. This is what Jack and I found fascinating about this Kim Kay story.

The SEC's new profit puppy appears to be taking down influencers. Influencers who are trying to be fin influencers. For example, the SEC recently fined DJ Collett for a similar crypto issue. He's settled by paying $150,000. And Stephen Segal had to pay out $300,000. And Floyd Mayweather, the boxer, he paid $600,000. to make the SEC's charge go away. All three have goatees, one a DJ, one an actor, one a boxer,

and they all told you to buy a coin that they were paid to tout. Just like Kim. I hope the SEC's Gary Gensler got some autographs out of all this. Now we know what you're thinking, Yetis. Where is TV 12? Yeah, why hasn't Tom Brady been charged by the SEC? Yeah, Tom Brady spends more time promoting FTX crypto than he spends with Giselle these days. Honey, we only talk football at the dinner table.

Or how about Matt Damon, Nick? Matt Damon. His masculinity these days seems to be defined by that infamous crypto.com commercial. Well, we jumped in T-Boy style and it turns out that neither Tom nor Matt were technically touting a security. And that's what you can't do. Right. These two Boston boys, they were promoting a company. Tom and Matt didn't single out an individual coin in their FTX and crypto.com commercials. So legally they're in the clear.

But the SEC would have loved to have sued Tom Brady. And that is because of our takeaways. So Jack, what's the takeaway for our buddies who are hanging out with Kim Kardashian? The SEC just figured out the perfect way to educate investors, and that is celebrity takedowns. Yeties, the mission of the SEC starts with these three words, to protect investors. The SEC knows that the crypto boom made new investors vulnerable with a whole bunch of get-rich-quicks games like Ethereum Macs. Now, the SEC does publish articles about financial risks, but here's the problem. Nobody reads them.

Cute PDF SEC. But the Kim story, the Kim story from yesterday, it was by far the biggest headline in finance, culture, or entertainment news. And with that headline, the SEC informed other celebrities that they can't promote crypto unless they disclose exactly how much they're getting paid. Which then informed potential investors to understand that they're getting paid to push this and there are risks before buying it. So the way we see it, the SEC just sued Kim.

Kardashian because that's the best way to get anybody's attention. It really is. Jack, can you take that fly pie out of your mouth and whip up the takeaways for us over there? Gladly, Tesla says its new humanoid robot will change civilization and be ready in three to five years. Now, that is some round-up marketing. Tesla invented it. For a second story, InnovaFeed is mass-producing black flies for animals for you.

Hindsight is 2020. Investors find a way to look forward. For our third and final story, the SEC charged Kim Kardashian for wrongfully touting Ethereum Max. You just can't tout. The SEC just figured out the perfect way to educate investors. And here it is the celebrity takedown. No touting. This is a tout free podcast. Yeah. Yeah, it is. That's a good one. We're tout free. Proudly tout free. Tout free. Tout free since 2018. Now time for the best fact yet. This one is actually a correction pointed out. by Kendall Peterson in Lovely Florida.

Last week, we said that Hurricane Ian set a storm surge record in the state of Florida. It was a lot of water on the land. In fact, however, it was a record just in the town of Naples, Florida and other parts of Southwest Florida. It turns out that the storm surge record in the state of Florida was actually a shocking 16.9 feet of water from Hurricane Andrew in 1992. That's our mistake, Yeties. We were comparing apples to oranges.

Yeties, you look. fantastic for T-boy Tuesday. And remember, to grow the pod, there's one thing you can share when you see that one other person today. Send him the link to the pod and say H-Y-H-T-B-O-Y. Have you had the best one yet?

Nick and I, we'll see you tomorrow. If you know, you know. And before we go, happy birthday to Antonio Nicar down in Rio de Janeiro, Brazil. And happy birthday to Shreemann, Harry Haroon, in Poway, California.

And a happy birthday to Alexa Nor Marino who whipped up a pizza party with just some chefs kiss fantastic slices. And happy belated birthday to Roger over in Lombard, Illinois. And Ellie Howland, happy 21st over in Chicago. Happy 23rd birthday to Grace Ifflin Mehta in Toledo, Ohio. And Yoav Kedik, happy birthday over in New York City. Happy birthday to twin Zach and Isaac Brock in Green Acres, Washington.

And Tim Nugmanov, happy birthday. And congrats on the new product launch. He's in Kazakhstan right now. Actually, he's on the Lower East Side right now. I like gold. And congratulations. Congratulations to Cassie, Simfer, and Hallie, who are about to get married in North Carolina, and then, Jack, they're heading to Greece for their honeymoon.

Which island? All of them combined. And congratulations to Daisy Elliott, who's celebrating eight years of having her facial studio over in Signal Mountain, Tennessee. And Robert Radcliffe has a new job over in Boyden, Iowa. Congrats to Heather and Cletus Roger, who are having a baby boy, Ezra Joel, over in Texas. And Loken Go was just born this week in West Bend, Wisconsin. Jack, do you hear about his first pod?

Listen to T-Boy episode from the hospital. Thanks to Loken's parents for getting us involved. First word for sound. This is Jack. I own stock of Amazon, and Nick and I both own stock of Apple and Robin Hood. Now a word about our sponsor, Robin Hood. Okay, so Jack and I both worked in finance for a while.

And we know the six-monitor Bloomberg jockey, with charts, numbers, balances, and more charts. They got coffees in both hands while they're executing some complex trade on a soybean future. Well, we're not trying to impress with our members. Mission Control Trading Center. Just give us an app, please. Robin Hood with its mobile first and intuitive design, it lets you trade with just a few quick taps on their app. And even if things still don't seem easy, Robin Hood has your back 24-7 with its live and robust customer support. If you're not investing on Robin Hood yet, to get started, go to robin hood.com slash t-boy

and choose your free stock. That's robinood.com slash T-B-O-Y. Limitations apply. Robin Hood Financial LLC, member SIPC, all investments involved for us. By the way, this podcast is not owned by or part of Robin Hood. And we are not employed. employees of Robin Hood.