Model S and X factories will produce Optimus robots
“Then if we look at factory expansion plans, the transition to take the factory that was making Model S and Model X vehicles and take that to produce the Optimus Humanoid Robots is still on track for to enter production by the end of this year. And so with Tesla's two big pillars in the future going to be self-driving cars and Humanoid Robots, both of those initiatives are on track with the positive free cash flow and that led the stock to rise after hours.”
The Iran ceasefire extension is effectively meaningless
“In other words, the original ceasefire wasn't actually a ceasefire. So to extend it doesn't actually mean anything, because there was no ceasefire to begin with. So as Iran said, yes, it means nothing. And we already have proof of this, because just yesterday we learned that Iran attacked another three ships in the Strait of Hormuz. They fired at one ship that was passing just off the coast of Iran, and then another two that were in the Gulf of Oman.”
Market highs are driven by geopolitical news fatigue
“We are entering the next chapter of the story, which we ought to call news fatigue, where the headlines become overwhelming, the news becomes confusing, and eventually we get bored of it, and we decide to stop caring altogether. This is what happened with Iraq, it's also what happened with Afghanistan, and it is now happening with Iran, and we are seeing that reflected in the markets.”
