The company is attempting to divert attention from the fact that it is essentially an automobile company facing stiff competition by highlighting its energy storage business and AI investments. However, despite Elon Musk's innovative prowess, the company's core strength lies in the automotive sector. Comparisons with other tech companies show an overvaluation of Tesla's stock, which, if normalized, could result in a significant drop in its value. The company might face a substantial decline of 50% to 80% in the coming year if the market realizes its true nature as an automobile company and not a tech giant.
Kara and Scott discuss the campus protests, Harvey Weinstein’s conviction being overturned, and… Kara doing ketamine. Meta and Tesla’s Q1 earnings are out, and Scott’s got predictions on earnings to come. Plus, the FTC bans non-competes. Then, a listener question on what the TikTok ban means for the presidential election.
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