Tesla

“Tesla's market cap is roughly equivalent to The market cap of like the top 40 companies in the auto business.”

“Tesla, this is the argument. Is it a software company or a car company? If it's a car company, it's screwed. If it's a software company, everyone else is screwed.”

“And Tesla is, has a BMW three series competitor and it has a BMW five series competitor and it has a BMW X two competitor. It doesn't have anything competitive to anything that Fiat makes. At all. Doesn't have a competitor, anything that Honda makes at all.”

“You know, there is basically the bull argument on Tesla is it's a software company and the bear argument on, on Tesla is it's a car company. If it's a car company. Then it's basically a subscale car company and it's going to end up like sub. Great cars, but su…”

“It's much easier to say that the screen on a Tesla is an enormous challenge, or even that the autonomy is an enormous challenge, but then they'll be able to buy the autonomy from Google.”

“Full, full, full autonomy as in a car with no steering wheel that can drive from San Francisco to San Diego while you sleep in the back and there's no seats, there's just a sofa and no windows, you know, like that kind of autonomy is five, 10, 15, 20, I don't …”

“That's just money and time and engineering, but there's no conceptual reason why they couldn't make a better Tesla.”

“That intermediate, weird intermediate thing is the reason a lot of people think Tesla is dangerous, because Tesla tells you it can drive itself and it can't.”

“The pair of that, of course, is Tesla, where, you know, half the questions are car industry questions, and half of them are software questions, and indeed, you know, the argument about Tesla is The Tesla stock is the bulls think it's a software company and the…”