 Hey, how's it going everyone get to see everyone welcome to dedicated to financial literacy Russ Russell Moore coming to you live again Wow Investor Day with Tesla. It was investor investor day talking about his master plan 3 It got it it got a lot of kickback today a lot of people were complaining three hours of just You know and really you guys it was it was very boring to the average person is very very boring a lot of geek stuff a lot of technical talk But I I just I was personally really impressed The only thing is many of these things have already been discussed So they did the team the Tesla team and Elon Elon Musk. They did seem a little bit I'm prepared. I mean the meeting started. I think they were like 30 minutes late. I thought that was pretty interesting Anyway, I'm not gonna go. I'm not gonna go to a political thing But I just thought it was very interesting that they were 30 30 minutes late With such a huge You know Expectations of this of this investor day everybody was like Everybody's like trying to find out. Okay, what is he gonna say? What are they gonna bring up? Are they gonna be any surprises are they gonna talk about model to a smaller car? Are they gonna what's happening with the Cybertruck? Will he come out and drive out with a you know a side the Cybertruck or what? What things are they gonna say now there was some big news It's gonna be a Gigafactory in Mexico. So they they confirmed that that it's gonna be build I believe I don't know if they've broken ground or they're gonna they're about to break ground and so But the the stock I mean it was that the investor day Presentations were so lengthy and so detailed and and many of the presenters were very you know Not to to rag on them, it's a lot of engineers, you know, they're not They're not emcees. These were not Steve Harvey. So These You know or Adam Sandler. These were not comedians or lively people talking and they were talking about a lot of details were concerning the company I'm not gonna go into all of that. There's plenty of footage on YouTube so But one thing that I felt like to me what what I got out of today's investor meeting was this They have from where from where they began they have done a great job at reducing costs to build a car to build an EV a Model 3 the model s the model X the model Y and The Cybertruck and they've made great leaps on how to reduce the cost to make them and Their supply chain Evolution and innovation and things are they're doing with their supply chain was second I mean it no one in the industry is gonna be able to compare it to them and what they're able to do from a manufacturing standpoint building the cars and Getting them out I don't think anybody's gonna be able to compare with them for a while. I don't think Ford With all their money and everything. It's it's not just having money. It's not just being an established car maker it's Your ability to utilize the latest technology from AI to oh My god Software building their own software in chips and you know semi-conductors all the things that Tesla does where they're innovating and Actually, they're actually creating This is what I people are not getting about Tesla. They're actually Creating and innovating as they go So each year they're getting better. They're getting more efficient. So here's what I got lower cost and Proving efficiency and Proving the product Equals a great future that was they could have just stood up and said that Instead of all the details that they gave now. I personally was interested in some a lot of the details But most people your everyday investor is not gonna be that excited about People want to hear some exciting news Click bait. Okay, so So that's about the nutshell of it the investor on the investor meeting was I In on a scale the one one to ten I would give it a I would give it a four I Would give it a four on a scale to one to ten Most people would have said a one or two But I'm gonna give it a four because some of the information, especially if you don't follow Tesla was Was amazing and incredible But most people didn't want to hear that when you get an investor day you're looking for New products and something exciting and something new to hear about what the company is doing And I think people got their bubble busted and so me I was I was I was surprised I was surprised that they didn't do a better job and they made a lot of people were talking about them needing a media Marketing department to handle that kind of stuff. I think they had presenters there. They shouldn't have been presenting The the best presenter there Was by far a woman. I don't know her last name I can't remember but her first name is Rebecca and she literally she knocked it out of the park She was concise. She was alive and she wasn't long She got to the point She was a very good orator very good communicator and she got out of there and She finished her part and was gone and I was comes. I was like wow, where did she go? Where you know? They need to bring her back So anyway That's it for my update for Tesla now the stock is down the last time I checked after hours It was down from 200 above $200 a share. It was down to 180 in the 180 So they would lost probably about 10 to 15 billion dollars in market cap Market share today From this meeting. That's how bad it was Now for investors for those that are long-term Tesla holders It's good news because now you can get it at a cheaper price because many people think that it's overvalued anyway And so I'm just gonna load up and get more to begin more shares in the morning They hurts my call options, but as far as the shares of just regular stock, it's it's probably good news Because let me tell you something They're on track. They want to do 20 million cars Annually and I believe they're gonna get there Their team is working very hard. That's one thing that I I learned today that the team at Tesla Works hard and they're dedicated to improving the product anyway Have a wonderful day you guys and I look forward to doing more videos in the future. Please subscribe hit the subscribe button and Hit the notify bell and you'll get more content in the future. Talk to you later