In their latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Tesla Trading Sardines. Here’s an excerpt from the episode:
Tobias: Yeah, that was funny that Tesla– You pointed this out to me, JT. You should probably talk about it.
Jake: Oh, it was just my little cringy part of me. But I sent Toby, it was just a screencap of two articles about Tesla that were next to each other and Apple’s stocks thing. One of them said, “Stock split about Tesla. It’s rocketing.”
Then the other one said like, “Shanghai plant closing due to COVID concerns.” I’m like, “Okay, well, you could see which one of these is driving Tesla’s price.”
It’s the fact that we can punt a little harder now, because the stock splits going to allow us to get in more options play versus oh wait, the business actually closing down a key facility for a while, even if it opens back up at least it’s pushing out production for a while [laughs].
Tobias: Those are trading sardines, sir.
Bill: Yeah, maybe the argument is the macro picture looks more stable now, so, the long duration. I don’t know. I tell you what, if these commodity guys are right, it’s going to be interesting to see how expensive electric vehicles get. I don’t necessarily think the commodity guys are wrong. I’m not sure I want to go out and buy commodity stocks here, but there is a lot of tightness and there are a lot of smart people that are out there saying that, we can’t possibly produce these things. I get that like people want to wish that we can. That’s a nice world to be like, “Oh, no, we’ll figure it out.” But we still need to figure it out.
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