Tesla Earnings Call YouTuber Shares Top Takeaways

Tesla Earnings Call YouTuber Shares Top Takeaways


– Alright Senior Russel,
welcome to Teslanomics. Glad to finally have you on, man. – Yeah thanks for having me. – Been a fan of your work. If you guys are watching,
don’t know his channel, Hyperchange TV, you do a
lot of the same stuff I do which I why I love it. Because you look at data
and you kinda more focus on the finance side, usually. But there’s always charts and graphs and you’re doing the actual work and helping us understand these things. So I love that there’s more
folks in this same vein. So, yeah, stoked to have you on. Been a fan for a while. And you just kinda had
a special day yesterday, it seems, right? – Pretty unreal, yeah. – So tell me what happened. How did you get on the earnings call? Then we can break into what
were your takeaways from it? And just kinda how are you feeling? And all that, so give
me the breakdown here. How did you end up on the earnings call? – Totally. So a little back story. I make videos on my channel
about the Tesla earnings call, rehabbing them every quarter. And those are some of
my most viewed videos. And a couple subscribers had brought up, like I joked about being
on the conference call tons of times, sort of making fun of
the analyst’s questions, and finally somebody
commented and was like, Gali, you should go on the call. And so I submitted a proposal and got it together for this quarter and said hey email Ira Tesla if you wanna see me on the call. Let’s give this a shot. Really I even put in the video I thought it had a 0% chance of working, and I was blown away. At the end of the day
over 200 people emailed, 85,000 shares, tens of
millions of dollars worth of Tesla stock vouching for me. And then I tweeted it
out, sort of these numbers and was like hey Elon,
can we make this happen? I wanna take input from
the retail investors, get on the call. And then actually I went to
the gym, got back from the gym and first thing I do is check my email from Tesla IR directly, and they’re like yeah everybody
wants to be on the call, we can’t make it happen. And then I see a tweet
from Elon that says okay and next thing I know I
got on the call, yeah. – Amazing. You know that in my working with them, that’s kind of actually your best chance. I’m sure people reach out
wanting all these things, and it’s like look if you
can get Elon’s attention and he actually responds
to you on Twitter, of course it’s gonna happen. But outside of that your
chances of them approving you unless you’re CBS or
somebody, chances are low. Chances are low. So you’re on the call and what happens? ‘Cause this was kind of a
special circumstance, right? – I mean I’ve never
heard anything like this. I listen to Tesla conference
calls all the time and basically what happened is Elon started getting fed up
with the line of questioning from the analysts, and that’s sort of why
I wanted to do the call because I feel like the
questions are boring and not what long-term
investors care about, and so next thing I know,
Elon is like alright, these questions are boring,
let’s go to YouTube. And then that’s the quote
that everyone’s talking about and I kinda freaked out, ’cause I’m on the call, I’m ready, and then they announced my name and luckily I wanna
give a shout out to Rob at the Tesla podcast
and Fred from Electrak and also Trent Eddy because I had been hours and hours of phone calls with them and notes back and forth, getting emails from
all the Tesla community and so I just had a massive
list of questions ready to go and just started firing them off. Elon seemed to like it and said these questions aren’t
boring, let’s keep it going. So I sorta just ran with it and tried to get everything
that the Tesla community wanted answered asked on the call. – Yeah I actually just
got done listening to it and it was probably the most interesting earnings call I’ve ever heard, because typically, yeah you’re right, the questions are very
specific, short kind of sighted, how an analyst can optimize their return on shorting or buying or whatever. And it’s one of those things where I feel like all the questions you asked were all things that I
had been wondering about so it was all very much, I think the whole Tesla community, forget the analysts that have
their own view of the world, the actual Tesla community
greatly appreciates that. And it sounded like Elon enjoyed it. Now they were trying to
cut you off at one point, but Elon cut them off, right? How did you feel at that moment? ‘Cause I think the moderator
came on and was like okay, next question, and
Elon kinda stepped in and was like no, no no no,
we’re gonna keep going. What did you think in
that moment right then? – Yeah I mean I just kinda
wanted to not lose momentum. And just keep coming with questions. And I got the sense that
Elon and the management team seemed like this was a
productive discussion and they enjoyed having it. And so I was like if I get out
of hand, they’ll cut me off. You know what I mean? It’s not like they’re just
gonna keep let me going, so if Elon thinks this is interesting and I think this is adding value and this is the questions that literally probably a lot of your
viewers too emailed in to ask, let’s just run with it
and see how far it can go. – So of all the answers that he gave, including to the other analysts and stuff, what were your main takeaways? Anything that stood out that he said that maybe was different
or surprising or anything? – The biggest thing that was surprising was how strongly he worded that they don’t need to
raise capital this year. Because Elon in the past has said that we don’t need to raise capital and then gone on to raise capital, and I think was he’s just insinuating is that we don’t need to raise money but we wanna grow faster, so we will. And so Adam Jonas I think is
actually a very smart question to say okay Elon, we know
you said that in the past, but would you consider raising
money to accelerate growth? And Elon almost got
pissed, and was like no, we’re definitely not raising. So now that puts the stakes
fully in their court, they can’t make a capital raise. Or I mean, going back on their
word now would seem crazy and so that’s sorta my big takeaway as a big thing that I like to
look at these conference calls more than the numbers,
more than the questions, is the philosophy and the thoughts and the emotions of the CEOs because he knows what’s
gonna happen in six months. He understands the
business better than ever and I just get this sense of confidence from him from that answer that most of the problems
that Tesla has are worked out and he sees a clear path
towards profitability and that’s why he’s so confident. And so my biggest takeaway is sort of like I have renewed confidence
in this story because of his and there’s some stuff with the numbers that backs that up too, but that was the biggest gist. – Amazing, yeah. And yeah I agree. I think Adam Jonas is great. I really enjoy his line of questioning and every time I see him quoted, one of the better ones for sure. And so what about any of
the questions related to Model Y production or, I thought it was kinda funny how there was a report I think
a lot of us talked about for them starting Model
Y production next year and he just kinda flat out said no. Any of those things,
not necessarily around the financials of the company, but just around the production
or charging or any of those, any of those things stand out to you as kinda shocking or surprising? – Yeah so much news. I mean the Model Y is interesting ’cause Reuters’ super legitimate source, I made a video trying to extrapolate what they were meaning by that. So I think it was awesome
to get clarity from Elon to know where their head’s at, saying no, Model Y isn’t starting
production for 24 months. And we don’t even know
where we’re gonna build it so I don’t know how Reuters knows. So I thought that was awesome. Got a little more clarity, oh the biggest thing
on the conference call that I feel like no one is talking about was when I asked about Tesla Energy and how that success, the
South Australia project is sort of leading to an inflection point in these bigger utility projects, and he mentioned the next couple months they could potentially announce a project that’s like a gigawatt hour. Which is absurdly big. Sort of sets an even new precedent for world’s biggest battery, so I thought that got swept under the rug and that was huge news. Also one more tidbit about the
platooning of the semi-truck and how that is really gonna enable them to be cost-competitive with rail. I just think Tesla, they
don’t need to do any marketing for the semi-truck, it’s gonna sell itself if it is that efficient, and I don’t know so I’m really stoked on that product line after learning that. – Yeah one of the thoughts I had immediately after listening to it was like you actually got Elon to laugh, which is pretty cool because you mentioned the
Daimler CEO talking about physics which got him going. And that was related to whether or not the trucks could actually
achieve that range with the battery technology. And then I’m glad JB chimed in, because JB really is the
battery, EV guy right? I mean if you go back to
the founding of the company, that was his big thing. So yeah I thought that
that was fascinating that they were saying yeah
we actually don’t need any breakthroughs at all. But kind of like obviously
we’re always looking to improve these things. So yeah in a few years it’s likely that you’ll see some improvements, but don’t necessarily need them. Yeah I think, man, your
contributions there are well appreciated by so many, I think I have like five
videos I have to go make now, talking about all the
different things that he said, you know? – Yeah and one thing
that’s so interesting to me is how the media is spinning
this as Elon’s off the rails, like YouTuber advice, haha. And then that same story
by that same article is also referencing all of this new stuff we learned on the call about Tesla shares new
details on autonomy, Tesla shares details on
Model Y, on the semi. So it’s so ironic to me,
where it’s like literally they’re getting hits
and clicks and articles out of all of this news that came from my line of questioning it, and the retail investor community, and yet giving us none of the credit, still saying the conference
call was a disaster when in reality it was a massive success. And I think it changes the paradigm for having influencers and internet people be able to have a voice, if they really can have
better quality questions. – No man, I completely agree. In fact there was a tweet
from Tom Randall about it. How he posted the exchange where Elon cut the one analyst off and then said we’ll go to YouTube, and how in After Hours Trading, Tesla stock went down by
4% or something like that. And he responded to my
question, said he verified this, that he’s essentially saying yes there is a direct causal relationship between the stock going down and Elon cutting this analyst off. And to me, first off I love Elon for that. Because he kinda says look, I don’t care. I don’t give a shit what you guys think. We’re gonna talk about
stuff that’s interesting. And then the second thing
is like I’m thinking either these analysts are just cry babies, and that’s why that happened, or they’re afraid for their jobs because Elon can do
whatever the hell he wants, especially, you know. So he doesn’t have to
take anyone’s questions if he doesn’t want to, and the ones he does want
to take aren’t theirs. So I feel like this
was such a great moment and you have done something
that for all of us, will benefit in the
influencer creator space. Because yeah, typically
these things are the most boring, dry, lame, like I usually just
kinda read the tea leaves or I’ll actually read the
kind of letter they give out and if there’s any news about
what they said on the call. A lot of times I don’t listen to it, ’cause it’s like, I don’t know
it’s like watching paint dry. This had to be the best one and it’s thanks to you and
everyone that supported you, man. So congrats. I think it’s like a turning point, almost. – Yeah thank you so much. And I mean even more so than
Elon retweeting it and stuff, the fact that I saw MKBHD, who’s someone that I look up to so much, tweet about it and how it was an awesome moment for creators, I don’t know it’s just, it’s unreal to me. Because Elon and him are two
people that are like my heroes, so to see them get
involved with Hyperchange and be supportive, it’s been amazing. – He’s not too far from me either, I think he’s over in New Jersey. – Right? – So pretty close by. – You know, get a ride in his Tesla! – Yeah, no doubt. You should, what’s it,
Apollo, I think is its name. Yeah and you know what you should do, you should try to hit up
Casey and go down to 368. I don’t know how far you are from that, but I’m sure you could
follow in that whole thing. – I’m by it probably
once a week, honestly. – Yeah, yeah yeah yeah. That’s so cool man. Well hey, thanks for taking the time here. Congratulations on this. Thank you for this because
yeah, like you were saying, I think it opens up the doors for a lot of us other creators. And I hope you just remember us when you got your own talk
show or something like that. – Yeah thanks so much for having me Ben. Huge fan of Teslanomics,
so keep up the great work. – Will do man and enjoy the time here. It’s gonna be a fun little ride for a bit. – Definitely. – Alright, cool man.