Will Tesla Reward Elon and Move to Texas? + Bank Earnings and Basel Endgame | Prof G Markets

[@tysoncodes]

Scott: I got off of Twitter. **5 seconds pass** Scott: Monica Lewinski and I are Twitter friends.

[@robdogsurf]

That was BE Twitter - BE - Before Elon

[@Piano_Manny]

LOOOOOL

[@swphilosophy3040]

Nailed him

[@Traderbear]

I said out loud of course they are. lol

[@QQ55_]

Respect to Prof G for referring to Ed's uncle as Mr Elson. Very respectful and kind.

[@tonywilson4713]

Well deserved respect as well. Mr Elson is one of the better (if not among the best) SMEs (Subject Matter Experts) I have seen ANY PODCAST bring on to explain something. I saw people like Common Sense Skeptic (CSS) do these massive takes on how Elon was going to be smashed in the Solar City case AND WHEN you look at the material (including actual court transcripts) they presented it looked quite logical to think Elon was going to be smashed. CSS and others have said NOTHING about why they were wrong and they were wrong. In comes Mr. Elson and its explained in minutes. This is what happens when people engage genuine SMEs to discuss and explain things.

[@aplantilla]

Honestly need a supercut of all Prof G cold opens

[@chrisg8995]

Very insightful commentary from Mr Elson. More please.

[@Studeb]

Loved the bit about superstar CEOs and weak boards that hand them everything they ask for. It's time boards realize that they are there to defend the stock owners, not their buddy CEO that they go golfing with on Saturdays.

[@Traderbear]

Amazing episode guys. Ed’s uncle is an OG badass 😎

[@brandon_youtube]

"Saw my uncle on CNBC and thought 'we should get him on'" paraphrasing but that's hilarious 😂

[@tecala1]

WOW. Ed's Uncle is a great speaker and a clear communicator. thanks for having him on.

[@MaxPaint-c8m]

lol he is deranged

[@tecala1]

@@MaxPaint-c8m Ed's uncle, he sounds brilliant.

[@-Gramps]

REALLY enjoyed Mr Elson’s commentary & analysis. Regarding the “Super CEO,” Apple has done well, despite the death of Steve Jobs, arguably one of the strongest leaders of his era.

[@ryanmullaney9791]

Dude, I'm getting really tired of you guys talking about how great the economy is. Im a truck driver trying to support my wife through nursing school. Fuel costs are high, rent is high, groceries are outrageous. Auto insurance is ridiculous, and higher education costs are through the roof. So maybe SOME people are doing well, but I've essentially taken a pay cut, and life isn't getting easier. Idk, maybe im just a loser.

[@MaxPaint-c8m]

Scott said you need a million a year to live in NYC. These people are insane they think the economy is doing amazing

[@GH8774]

Economy is good for Me (Scott the multi-millionaire with record stock gains) and not for thee (the other 99%).

[@MaxPaint-c8m]

@@GH8774 he said you need a mil TC minimum to live in nyc. He is sooo out of touch

[@ezyryder11]

GDP is doing great. Actual people? Not so much.

[@ehlava]

I just made a similar comment. These guys in their Ivory towers, so ridiculous.

[@KK-pm7ud]

I fear for this generation. They believe that Elon's compensation package was "fair" as long as they get theirs. What happened to corporate governance and the government's ability to hold these people in check? Thank you for bringing on a competent person to talk about the subject. Perhaps this generation needs a 1920s level event to learn the lesson. What a shame.

[@jamesfackert6044]

Elon Musk, through Tesla, has moved the entire international auto industry and market to electrification. Full electrification is now inevitable. Better, more reliable, easily charged anywhere, and 3 to 5x more energy efficient and cost effective. This is the greatest contribution to abatement of global warming of the century. Yet, the big 3 still drag their feet, because they cant sell electric cars. Meanwhile Teslas are the top selling cars in the world, and the saffet by any measure to boot. I have several friends who work there, and they say they work their asses off, but they love it. They get paid well, and they feel that they are helping to save the world. and they are, Literally and significantly. You were expecting to counteract civilization threatening global warming in a generation without extreme effort and some chaos?

[@ned5162]

Without Elon, Tesla is nowhere near its current valuation. Throw in a typical old-timer CEO and Tesla is as valuable as Ford

[@MaxPaint-c8m]

This guy is MDS. Check out his rank on cnbc last week about Elon.

[@LV8RLABS]

That’s how you start an episode guys!! ❤

[@GregCurtin45]

Ed, your unclie is brilliant and unlike Elon Musk, he seems morally intact, well studied and sincere. You are very lucky to have someone that bright in the family. Please have him back again.

[@MaxPaint-c8m]

He is MDS, his ancle, got embarrassed on cnbc, got schooled

[@learningisfun2108]

“Sam got me off Twitter. Oh, there’s my Twitter friend Monica L.” 😅. Damn, now I have to edit because someone beat me to it LOL

[@todddecker8698]

I don't want to minimize real pain for some struggling in working class jobs to support their families but I also think too many people find it convenient to blame the POTUS for their failure to properly manage their own personal finances.

[@autohelix]

Yep very true

[@jonathanslaughter8542]

Tesla the company is like a 21 year old graduating from college right now. Still needs dads support but once they get their bearings in this new chapter of their life, the cream always rises to the top.

[@NoraGermain]

Scott, plz talk with Gary’s Economics

[@theProfgShowscottgalloway]

Sure

[@NoraGermain]

​@@theProfgShowscottgalloway www.youtube.com/@garyseconomics

[@redlogicsquare]

Scott and Bill are now just one tipsy post-TED talk mixer away from being blow brothers.

[@jess7150]

Tesla shareholder here. I used to be a huge fan of Musk. Now he disgusts me. He is creating uncertainty, is wasting major resources on the stupid cyber truck, and he doesn’t care about the TSLA shareholders. F Musk.

[@MaxPaint-c8m]

Literally every shareholder disagrees with you today

[@joshuagreen5820]

My problem is that they didn't care before he hit his targets. They should've done something before the targets were met. And not pay these lawyers $5,000,000,000.00 If the lawyers were to make $20,000 then maybe this wouldn't be as bad... Regardless this is bad on the whole judicial system. Does this mean if you vote the wrong way that the laws will be fully enforced on you. And if you're liberal then don't enforce it the same? Imagine if I agree to do a job and then they take me to court after the job is done because they didn't like that I used the wrong negotiator thus having them keep the product and not pay for it. It's almost stealing.

[@theProfgShowscottgalloway]

Your concerns about the fairness and integrity of the judicial system are valid and deserve attention.

[@sams8502]

Ed’s uncle makes Scott look like a fan of Elon

[@SamHoustonSF]

Uncle was awesome!! Bring him back on

[@theProfgShowscottgalloway]

sure

[@LevelofClarity]

1:15 I love that Scott loves Sam Harris. I agree with the idea that Sam will go down as one of the great thinkers of our time.

[@RTC1655]

Sam is really great but he hasn't produced anything groundbreaking within philosophy, at least not yet.

[@Sumojoe-g3q]

midwit

[@MaxPaint-c8m]

The fact that he admires Harris makes him more shallow 😂

[@RTC1655]

@@MaxPaint-c8m ..while you look like a genius with your comment.

[@LevelofClarity]

@@MaxPaint-c8m Why do you think that it makes Scott more shallow?

[@jannichi6431]

Excellent headlines! So appreciated🙏

[@augurcybernaut4785]

I thought for sure Galloway would be posting video of him whining about antisemitism

[@HughJass-313]

😂😂 Gotta separate Politics from Business

[@augurcybernaut4785]

@@HughJass-313 💸🫶🤑🤑

[@cassiotell5741]

If he goes broke again Galloway would have a career in stand up comedy. very funny.

[@AlanDuvall]

I disagree with prof G on so many things. But his bro charm and ability to laugh at himself (and his joke) keep me coming back.

[@jaye739]

The fact that Saudi Arabia, the United Arab Emirates, and Jordan helped to defend Israel from missile and drone attacks by Iran is a good start to getting these nations on board.

[@Rollexm]

Love your Uncle ❤

[@MaxPaint-c8m]

Wait for real? Why

[@Rollexm]

@@MaxPaint-c8m don’t worry about it

[@LawIV]

...and to discuss the role of nepotism on the Tesla board, lets bring out Ed's uncle

[@Stuart.McGregor]

😂😂👏👏👏

[@andrewhart6200]

"Sam Harris got you off Twitter"..."Monica Lewinsky and I are Twitter friends"...a breath between the two statements LOL

[@lmoradee245]

Basel Endgame!

[@clownhands]

You can see in the video that Ed’s uncle Charles Elson has Atchaforya - he’s got one eye lookin atcha and the other eye lookin forya

[@Michal.Sadowski]

Ed is smart.

[@robdogsurf]

The pay package for Thomas Edison is worth it. He only gets paid if he hits targets. He wins if I win (stock price going up) Owning Tesla without Elon is a joke.

[@abcthegreat1]

Uncle Elsons cadence and intonation reminds me of Jim Cramer

[@johnnycactus5140]

Scott if you had also said the deposits over fdic limit should have taken the haircut required, i would agree with you. Pehaps you just forgot to mention that.

[@pjramk]

Scott, just some nos to consider. The plaintiff lawyers are asking the judge to award them $5.6B. Enron lawyers got $688m. The plaintiff in the Elon case OWNED 9 SHARES! Why would any responsible BOD continue to be domiciled in Delaware? This verdict represents the end of an Era for Delaware and corporate law. Brace for a parade out of Delaware. You and Ed owe it to your views to correct the record. How about some fair and balanced reporting?

[@theProfgShowscottgalloway]

Thanks for sharing your perspective. It's important to consider all angles and implications of legal decisions like this.

[@HughJass-313]

I like Ed's uncle ❤❤ Also, Boycott DIVEST Sanction Izreel

[@jonathanahten7006]

Musk is not asking for more equity in Tesla. He is asking for more voting rights without any other equity (a different class of shares). The compensation package at issue was already agreed upon with the consent of the BOD, the shareholders, and Musk. The Delaware judge made a political ruling which is proving out to be very inequitable to the shareholders. Only in our truly backwards, modern world is a judge acting equitably by damaging the shareholders on behalf of a short seller, and their attorneys (who are seeking 6 billion in attorney fees). The acquisition of Twitter, and its proprietary data, will end up being a major boon to Tesla's future AI aspirations. Personal biases seem to be coloring the rationality of this conversation.

[@rhitian]

Damn… uncle came to school …what mastery looks like.

[@pjramk]

It is obvious to me that Mr Elison has not read the Proxy statement. This ia a low point of your podcast history. Scott, go read the proxy.

[@themakerofmagic]

Elon can do whatever he wants with his shares or his time. This is overreach. America is a free country shareholders can vote Elon out should they choose. Until then if he is following the law of the lands he shouod be left alone.

[@DavidJones-vc8vz]

How to buy Tik Tok shares in secondary market Scott?

[@LawIV]

All the respect in the world for Scott, but his support for the Saudi-Israeli human rights abuses gives me nausea

[@aplantilla]

Why don't pollsters ask the question: "How much do prices matter in your opinion of the economy?"

[@danieltaylor4728]

If Ed’s uncle hasn’t got a regular slot after this outstanding debut, then I’m going to very upset!

[@oldschoolpanels]

Yes, I agree the economy is a phenomena. The individual (lower and middle class) is hurting. This is not just politics, folks. The restaurants, grocery stores, barbers, insurance, healthcare, mortgages, mechanics, gas stations, contractors, utilities, have been stimulated so much they passed the increase on each and every one of us, and the rich do not feel it because their lives do not change. Meanwhile the majority does and is fed up by this old argument

[@Kenneth_James]

I feel like Charles was fair and could truly see the middle ground. Although, he missed the fact the Delaware courts forced Elon to finally purchase Twitter. I wouldn't hold as many shares if Elon was to leave Tesla and he should have an outsized ability to implement decisions and move Tesla quickly.

[@Stuart.McGregor]

It’s easy to argue the details 5 years after the fact. Rule #1: You always pay the piper! The board knows this and the shareholders do too. Elon will be made whole.

[@gward117]

Does Texas have the electrical grid to support a Tesla plant with all it's AI which requires a very solid electrical grid? Currently No!

[@andrewhart6200]

Who controls money-metals and rare earth metals prices at this point globally btw?

[@Marcus-xb7le]

Sam Harris - great philosopher, what a joke.

[@MaxPaint-c8m]

It’s Scott, no surprises there😂

[@rlbeeman]

The lack of quality crypto coverage is deafening

[@chucklaforte8087]

So you are on Twitter?

[@JFromAcc]

Scott's in a good place = no raunchy joke at the beginning? I don't like where this is going.

[@cobraspottedwolf8791]

Was Scott on gateway?

[@bobbybishop5662]

Vote no

[@KK-pm7ud]

SVB from last year almost blew up the system. You need new glasses Scott. Your hindsight isn't 20 / 20.

[@MaxPaint-c8m]

It never was

[@jamescho3718]

Would love a compilation of the jokes.

[@MaxPaint-c8m]

Buy TikTok?😂😂😂😂 what a way to lose money. Just remember this guy predicted bitcoin at 100k in 2022, peloton at $300, peloton acquired by apple, and a dozen more predictions that weren’t even close to reality.

[@thomas6502]

Confused... Sam got you off twitter, but Monica got you back on twitter? The AI seems to be hallucinating a bit (byte) more on this one--though coming off of Ted, perhaps it's just still recovering from asphyxiation; a room literally filled with its own flatulence.

[@abcthegreat1]

“Acquisition in kind” the Microsoft acquisition end round

[@crystalw1966]

Unbelievable. In Chinese, this called “过河拆桥”. That’s shameful.

[@pjramk]

Elon was not asking for 20% more of the economic interest, he is asking for more voting control. Why should he work hard to build a business and have someone come in and take it over at some point when the co is vulnerable. Elon has choices. He will always get funded if he choses to start a new business. Most CEOs are not in the same position as Elon as he has choices as to how he spends his time.

[@txn4yt7mc5]

US population is growing faster than any other developed economy due to record unprecedented levels of immigration. GDP growth is much less impressive in per capita terms

[@ducavendish]

WTF was that? This Elson guy looks like a movie character. 😂

[@andybaldman]

The G-rated opening joke this week was weak. We expect better.

[@johnfehringer]

“There’s other people out there that can do the same thing” ?? With due respect for your uncle, I believe he might think that Tesla is simply a car company.

[@ronalda.ortman4759]

So right about Sam Harris. So right about the US economy.

[@2017NationalChamps]

Galloway was right to push back in favor of Musk. Elon isn't a normal CEO.

[@FighterFlash]

Yes he’s acting more like a demi god

[@e.oconnell8461]

You seem to have complete skipped over what the judge noted in the decision.

[@JaredFarrer]

Biggest compute build out in history too again tied to ai

[@ReasonableHuman1]

Tnx

[@tm73827]

Scott probably doesn’t (or maybe he does) realize that his paycheck from NYU depends upon China and the money it gives to NYU and other American universities

[@MaxPaint-c8m]

Ed is so biased and so ignorant it’s actually funny

[@eduardogmartins]

🤔 fake account?

[@MaxPaint-c8m]

@@eduardogmartins huh

[@ehlava]

what is he biased and ignorant about?

[@yushpeaceandlove]

Don't agree with your stance on Elon. Or maybe I do agree on one point that he blew the Tesla stock out of the water and in comparison to that his grant was little and justified

[@paxdriver]

Americas economy is sloshing around not just American debt but global debt, in addition to the proceeds of global production turned savings over the past 30 yrs. There's so much fat in the system it only hurts small start up's and young people's prospects at first, having raised interest rates and so quickly. Terms haven't even expired yet and bloated assets like property haven't corrected given the suffering present still by unaffordable real estate. It takes time for rates to catch up with the people who hold most of the wealth. It squeezes everyone else first, exacerbating the problem and which proves to be the trigger for lowering rates - when it hurts the wealthiest.

[@theProfgShowscottgalloway]

Your analysis highlights the complexities and challenges of economic policy decisions, especially their impact on various segments of society.

[@darrell7847]

One sided BS......

[@MaxPaint-c8m]

They are both woke progressive New Yorkers, nough said

[@caliboosted]

This guy clearly can’t see… what Musk adds to the world let alone Tesla.

[@MaxPaint-c8m]

He is a dummy just like Ed is

[@JM-if1mo]

Gravity has nothing to do with Trump stock. Try making this conversation relevant. It nothing but a means to funnel political donation money to Trump.

[@VikingSummer]

Prof Zionist.

[@HughJass-313]

😂😂 Cut him some slack. He was most likely PROPOGANDIZED very young. Free PALESTINE 🍉🍉

[@edb8563]

This guy is a puppet. Can’t trust a word he says

[@bdhanes]

Love Sam Harris ❤

[@vzzmhx]

Why would YOU find ADMIRATION in ML.... more to the point, why would you admit that??? If you care to answer that rhetorical question.... do so by listing her "admirable" contribution to society 😐

[@NotoriousAMY]

She’s spoken out about cyber-bullying, suicide awareness, does charity work, a TED talk, and generally has tried to turn her life around after a mistake in her 20s. What’s so bad about that?

[@jonathanslaughter8542]

People at PayPal thought Elon was ridiculous too. People at Intel thought like this as well. Microsoft was moving like this before satya. Guys like this will ruin a great company. Lol. Him saying Elon will blow himself up while he’s b crushing it in real life with like 5 companies. He would never end up on a board. Tesla is public so he’s not some Tycoon Baron of a massive private company. He wants the people to have power over the Governance of Tesla and why the retail investor take their fiduciary responsibility seriously to keep guys like that far away from the company. Lol.

[@HughJass-313]

😂😂 Cope harder

[@jonathanquezada7342]

Kind of first

[@makaveli3900]

First

[@Dxeus]

Trump is the answer to all the economic chaos going on right now. Tens of thousands of high paying workers are getting laid off right now. I hope Prof G will talk about that.

[@wildhorses6817]

No, Trump is a Disaster. Wake up to Reality.