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Jim Cramer reacts to Tesla's Q1 earnings: It was a 'tour de force' - YouTube
Channel: CNBC Television
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but there was a moment where one analyst
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said
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is it possible for you to have 500
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billion dollars for cash
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you know in just a few years and he said
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yeah but it may be worth 20 billion if
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we don't get inflation control this was
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the most high level i've seen an
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executive talk about the world
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uh i i like things i mean we're going to
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talk about some of these different
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issues that are niggling
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shanghai coming back with a vengeance no
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one says shanghai's coming back this man
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is saying it's coming back for the best
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adventures the no steering wheel or
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pedal car which is the lowest cost per
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mile that's that robo taxi that's so
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exciting he does make a joke about how
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lithium he goes do you like
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printing money well the lithium business
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is for you because they're taking 90
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percent margins here and that is the
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limiting principle but hopefully your
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way around that a lot of what i find
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he's a chemist he's a logistics
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specialist uh he's an international he's
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a globalist uh you never want to say to
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yourself that here's a person that can
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do no wrong
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but
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there really were no flies on that
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quarter we can talk about some supply
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constraints but the fact is he's got the
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least amount of supply contraints per
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vehicle of any one i follow and it was a
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tour de force quarter of which by the
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way there were no questions about
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twitter david no
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no no new information from him on the
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call about uh his bid for twitter 54 20
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and nothing new by the way to share at
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least uh from me
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on where things stand right now between
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him and the board i'm sure we will get
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more as we move along there the stock
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though for twitter's part has traded
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well below that 54-20 but as for tesla i
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mean i'm looking at jonas note this
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morning guys adam jonas we consider
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certainly one of the more
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creative interesting analysts uh saying
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it's not so much the strength of the
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quarter that's impressive but the gap to
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the competition the more we see at a
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tesla the more we're concerned about the
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rest of the industry's ability to play
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catch-up
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well
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you the only thing that i heard is a
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little oddity but if you're on the csx
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call which was a very good call by the
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way they're talking about the next big
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thing in ev which is vin fast ev
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vietnamese company based in haifan
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which is being built in north carolina
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which i think is going to be able to
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challenge musk
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but
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it's the largest project ever industrial
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project ever in north carolina but you
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know we're going to have ford coming out
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soon does ford have the right chips they
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need a deal does ford have enough
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lithium they need a deal
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these are all things that musk saw
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coming so when you're dealing with
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somebody's fine executive says dow
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chemical jim fiddling he would say
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almost no one saw any of this coming
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union pacific almost no one saw any of
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this coming well the almost is always
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musk he saw it all coming uh he when
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it's funny because yesterday was the day
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that the mexicans totally nationalized
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lithium they have a huge amount of
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lithium so he's absolutely right
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mexicans are extracting the lithium but
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lithium is a gating factor but he's even
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thinking about other metals besides
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lithium he's kind of like the way you
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were in world war ii okay so uh steel's
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not working let's switch to another kind
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of equipment he has a level of urgency
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that is just unusual in this world and
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uh he's very joyful even though he was
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kind of flat last night
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it just not the old musk
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maybe he's tired
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well i mean he's running how many
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companies he's running i don't even know
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how many companies and he's making an
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unsolicited bid for another company i
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mean he's got a lot on his plate
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doesn't seem to stop him though they're
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the only the only person in this world
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that seems to be able to have the
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chinese where he wants them is moz
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the only person in this world who is
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really shaming berlin
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bmw mercedes is musk and
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he is having the time of his life
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you know this
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oh it's just it's joyful i mean well
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it's playful yeah there's i mean just
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the metrics alone auto gross margin 32.9
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we were looking for 31. uh the jonas
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note also points out revenue growing 3x
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faster than capex
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you got one of the most highly valued
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the most highly highly valued industrial
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company with virtually no industrial
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debt which implies a lot more free cash
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flow to come right that's important
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that's why that's such an important
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component one's going here the other's
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going here
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that's margin well it's like henry ford
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that was that was henry ford i mean he
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figured out he could pay his workers
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more five dollars a day why because he
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was making so much more per car than he
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thought because he's a great
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industrialist there's a lot of in on the
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cops there's a lot about how you know
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how many different pieces you need to
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put together to make a car and he's
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figured that out too number of pieces he
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really is you know it used to be like
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this taylor system of manufacturing but
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he's going back to the roots of
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manufacturing
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