Dan thinks the Tesla stock heads back to the lows from June.
Dan also says that Rivian reminds him of Tesla 7 or 8 years ago.
He thinks Tesla has a whole host of problem and he is taking note of the way it closed on Monday.
Dan also says that Rivian reminds him of Tesla 7 or 8 years ago.
He thinks Tesla has a whole host of problem and he is taking note of the way it closed on Monday.
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00:00 Probably, and they probably will, and they actually have a channel.
00:03 Obviously, they're selling into Amazon.
00:05 I mean, like if we think about what Tesla just did, I mean, they missed their delivery
00:09 number.
00:10 They didn't miss the number of cars that they supposedly made, or they didn't miss them
00:13 by that much.
00:14 When you think about the difference here is that Tesla is selling to a consumer, right,
00:18 that is basically buying a very high-end car.
00:21 They have to do it outside the U.S., predominantly for growth.
00:24 They're dealing with the strength of the dollar here, all the other supply chain issues.
00:28 I'll take them at face value.
00:30 I just think that the Rivian story versus the Tesla story, it's kind of like getting
00:33 involved with Tesla seven or eight years ago now.
00:37 I think that at the scale in which Tesla is right now, they have a whole host of problems
00:41 here.
00:42 I just don't see how Tesla hits that number.
00:43 I'll just say this, the way Tesla closed today, this was something really important for this
00:47 stock I think in this market cycle here, especially with the NASDAQ and the S&P surging.
00:52 This is the fifth largest stock in the market here, or six or something like that here,
00:56 closing very near the dead low.
00:58 But something fundamentally changed, in my opinion.
01:00 We had this AI day last Friday.
01:03 It was a bunch of nonsense, and then the delivery missed.
01:05 So to me, I think this stock probably heads back towards those lows from June.