Will Tesla Reward Elon and Move to Texas? + Bank Earnings and Basel Endgame

Will Tesla Reward Elon and Move to Texas? + Bank Earnings and Basel Endgame | Prof G Markets

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This week on Prof G Markets, Scott takes a look at Tesla’s new shareholder vote and speaks with Charles Elson, Founding Director of the Weinberg Center for Corporate Governance at the University of Delaware, about the original ruling on Elon’s pay package and whether the superstar CEO will get his way this time around. Then Scott and Ed break down the latest big bank earnings and discuss “Basel III endgame,” a proposal for stricter capital requirements at banks following last year’s banking crisis.
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Timestamps:
00:00 - This week's number
00:30 - Today's episode
03:05 - Market Vitals/Headlines
13:00 - Will Tesla Reward Elon and Move to Texas?
31:08 - Bank Earnings and Basel Endgame
38:06 - Week Ahead
38:18 - The Algebra Of Wealth
41:55 - Prediction
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#business #news #tech #finance #stockmarket #profg #scottgalloway #profgmarkets #earnings #stocks #tesla #elonmusk #shareholder #charleselson #weinberg #superstarceo #bigbank #earnings #bankingcrisis

Пікірлер: 159

@tysoncodes 3 ай бұрын

Scott: I got off of Twitter. **5 seconds pass** Scott: Monica Lewinski and I are Twitter friends.

@robdogsurf 3 ай бұрын

That was BE Twitter - BE - Before Elon

@Piano_Manny 3 ай бұрын

LOOOOOL

@swphilosophy3040 3 ай бұрын

Nailed him

@Traderbear 3 ай бұрын

I said out loud of course they are. lol

@QQ55_ 3 ай бұрын

Respect to Prof G for referring to Ed's uncle as Mr Elson. Very respectful and kind.

@tonywilson4713 3 ай бұрын

Well deserved respect as well. Mr Elson is one of the better (if not among the best) SMEs (Subject Matter Experts) I have seen ANY PODCAST bring on to explain something. I saw people like Common Sense Skeptic (CSS) do these massive takes on how Elon was going to be smashed in the Solar City case AND WHEN you look at the material (including actual court transcripts) they presented it looked quite logical to think Elon was going to be smashed. CSS and others have said NOTHING about why they were wrong and they were wrong. In comes Mr. Elson and its explained in minutes. This is what happens when people engage genuine SMEs to discuss and explain things.

@aplantilla 3 ай бұрын

Honestly need a supercut of all Prof G cold opens

@chrisg8995 3 ай бұрын

Very insightful commentary from Mr Elson. More please.

@Studeb 3 ай бұрын

Loved the bit about superstar CEOs and weak boards that hand them everything they ask for. It's time boards realize that they are there to defend the stock owners, not their buddy CEO that they go golfing with on Saturdays.

@brandon_youtube 3 ай бұрын

"Saw my uncle on CNBC and thought 'we should get him on'" paraphrasing but that's hilarious 😂

@KK-pm7ud 3 ай бұрын

I fear for this generation. They believe that Elon's compensation package was "fair" as long as they get theirs. What happened to corporate governance and the government's ability to hold these people in check? Thank you for bringing on a competent person to talk about the subject. Perhaps this generation needs a 1920s level event to learn the lesson. What a shame.

@jamesfackert6044 3 ай бұрын

Elon Musk, through Tesla, has moved the entire international auto industry and market to electrification. Full electrification is now inevitable. Better, more reliable, easily charged anywhere, and 3 to 5x more energy efficient and cost effective. This is the greatest contribution to abatement of global warming of the century. Yet, the big 3 still drag their feet, because they cant sell electric cars. Meanwhile Teslas are the top selling cars in the world, and the saffet by any measure to boot. I have several friends who work there, and they say they work their asses off, but they love it. They get paid well, and they feel that they are helping to save the world. and they are, Literally and significantly. You were expecting to counteract civilization threatening global warming in a generation without extreme effort and some chaos?

@learningisfun2108 3 ай бұрын

“Sam got me off Twitter. Oh, there’s my Twitter friend Monica L.” 😅. Damn, now I have to edit because someone beat me to it LOL

@Traderbear 3 ай бұрын

Amazing episode guys. Ed’s uncle is an OG badass 😎

@ned5162 3 ай бұрын

Without Elon, Tesla is nowhere near its current valuation. Throw in a typical old-timer CEO and Tesla is as valuable as Ford

@user-ql4ud9zr7m 3 ай бұрын

This guy is MDS. Check out his rank on cnbc last week about Elon.

@jonathanslaughter8542 3 ай бұрын

Tesla the company is like a 21 year old graduating from college right now. Still needs dads support but once they get their bearings in this new chapter of their life, the cream always rises to the top.

@-Gramps 3 ай бұрын

REALLY enjoyed Mr Elson’s commentary & analysis. Regarding the “Super CEO,” Apple has done well, despite the death of Steve Jobs, arguably one of the strongest leaders of his era.

@jannichi6431 3 ай бұрын

Excellent headlines! So appreciated🙏

@redlogicsquare 3 ай бұрын

Scott and Bill are now just one tipsy post-TED talk mixer away from being blow brothers.

@sams8502 3 ай бұрын

Ed’s uncle makes Scott look like a fan of Elon

@tecala1 3 ай бұрын

WOW. Ed's Uncle is a great speaker and a clear communicator. thanks for having him on.

@user-ql4ud9zr7m 3 ай бұрын

lol he is deranged

@tecala1 3 ай бұрын

@@user-ql4ud9zr7m Ed's uncle, he sounds brilliant.

@NoraGermain 3 ай бұрын

Scott, plz talk with Gary’s Economics

@theProfgShowscottgalloway 2 ай бұрын

Sure

@NoraGermain 2 ай бұрын

@@theProfgShowscottgalloway www.youtube.com/@garyseconomics

@LV8RLABS 3 ай бұрын

That’s how you start an episode guys!! ❤

@SamHoustonSF 3 ай бұрын

Uncle was awesome!! Bring him back on

@theProfgShowscottgalloway 2 ай бұрын

sure

@ryanmullaney9791 3 ай бұрын

Dude, I'm getting really tired of you guys talking about how great the economy is. Im a truck driver trying to support my wife through nursing school. Fuel costs are high, rent is high, groceries are outrageous. Auto insurance is ridiculous, and higher education costs are through the roof. So maybe SOME people are doing well, but I've essentially taken a pay cut, and life isn't getting easier. Idk, maybe im just a loser.

@user-ql4ud9zr7m 3 ай бұрын

Scott said you need a million a year to live in NYC. These people are insane they think the economy is doing amazing

@GH8774 3 ай бұрын

Economy is good for Me (Scott the multi-millionaire with record stock gains) and not for thee (the other 99%).

@user-ql4ud9zr7m 3 ай бұрын

@@GH8774 he said you need a mil TC minimum to live in nyc. He is sooo out of touch

@ezyryder11 3 ай бұрын

GDP is doing great. Actual people? Not so much.

@ehlava 3 ай бұрын

I just made a similar comment. These guys in their Ivory towers, so ridiculous.

@AlanDuvall 3 ай бұрын

I disagree with prof G on so many things. But his bro charm and ability to laugh at himself (and his joke) keep me coming back.

@abcthegreat1 3 ай бұрын

Uncle Elsons cadence and intonation reminds me of Jim Cramer

@LambertxMc 3 ай бұрын

Love your Uncle ❤

@user-ql4ud9zr7m 3 ай бұрын

Wait for real? Why

@LambertxMc 3 ай бұрын

@@user-ql4ud9zr7m don’t worry about it

@DavidJones-vc8vz 3 ай бұрын

How to buy Tik Tok shares in secondary market Scott?

@johnnycactus5140 3 ай бұрын

Scott if you had also said the deposits over fdic limit should have taken the haircut required, i would agree with you. Pehaps you just forgot to mention that.

@Michal.Sadowski 3 ай бұрын

Ed is smart.

@ReasonableHuman1 3 ай бұрын

Tnx

@WriteInAaronBushnell 3 ай бұрын

...and to discuss the role of nepotism on the Tesla board, lets bring out Ed's uncle

@Stuart.McGregor 3 ай бұрын

😂😂👏👏👏

@clownhands 3 ай бұрын

You can see in the video that Ed’s uncle Charles Elson has Atchaforya - he’s got one eye lookin atcha and the other eye lookin forya

@todddecker8698 3 ай бұрын

I don't want to minimize real pain for some struggling in working class jobs to support their families but I also think too many people find it convenient to blame the POTUS for their failure to properly manage their own personal finances.

@autohelix 3 ай бұрын

Yep very true

@andrewhart6200 3 ай бұрын

Who controls money-metals and rare earth metals prices at this point globally btw?

@andrewhart6200 2 ай бұрын

"Sam Harris got you off Twitter"..."Monica Lewinsky and I are Twitter friends"...a breath between the two statements LOL

@GregCurtin45 3 ай бұрын

Ed, your unclie is brilliant and unlike Elon Musk, he seems morally intact, well studied and sincere. You are very lucky to have someone that bright in the family. Please have him back again.

@user-ql4ud9zr7m 3 ай бұрын

He is MDS, his ancle, got embarrassed on cnbc, got schooled

@joshuagreen5820 3 ай бұрын

My problem is that they didn't care before he hit his targets. They should've done something before the targets were met. And not pay these lawyers $5,000,000,000.00 If the lawyers were to make $20,000 then maybe this wouldn't be as bad... Regardless this is bad on the whole judicial system. Does this mean if you vote the wrong way that the laws will be fully enforced on you. And if you're liberal then don't enforce it the same? Imagine if I agree to do a job and then they take me to court after the job is done because they didn't like that I used the wrong negotiator thus having them keep the product and not pay for it. It's almost stealing.

@theProfgShowscottgalloway 2 ай бұрын

Your concerns about the fairness and integrity of the judicial system are valid and deserve attention.

@rhitian 3 ай бұрын

Damn… uncle came to school …what mastery looks like.

@aplantilla 3 ай бұрын

Why don't pollsters ask the question: "How much do prices matter in your opinion of the economy?"

@jaye739 3 ай бұрын

The fact that Saudi Arabia, the United Arab Emirates, and Jordan helped to defend Israel from missile and drone attacks by Iran is a good start to getting these nations on board.

@jamescho3718 3 ай бұрын

Would love a compilation of the jokes.

@gward117 3 ай бұрын

Does Texas have the electrical grid to support a Tesla plant with all it's AI which requires a very solid electrical grid? Currently No!

@pjramk 3 ай бұрын

It is obvious to me that Mr Elison has not read the Proxy statement. This ia a low point of your podcast history. Scott, go read the proxy.

@cobraspottedwolf8791 3 ай бұрын

Was Scott on gateway?

@jess7150 3 ай бұрын

Tesla shareholder here. I used to be a huge fan of Musk. Now he disgusts me. He is creating uncertainty, is wasting major resources on the stupid cyber truck, and he doesn’t care about the TSLA shareholders. F Musk.

@user-ql4ud9zr7m 3 ай бұрын

Literally every shareholder disagrees with you today

@lmoradee245 3 ай бұрын

Basel Endgame!

@pjramk 3 ай бұрын

Scott, just some nos to consider. The plaintiff lawyers are asking the judge to award them $5.6B. Enron lawyers got $688m. The plaintiff in the Elon case OWNED 9 SHARES! Why would any responsible BOD continue to be domiciled in Delaware? This verdict represents the end of an Era for Delaware and corporate law. Brace for a parade out of Delaware. You and Ed owe it to your views to correct the record. How about some fair and balanced reporting?

@theProfgShowscottgalloway 2 ай бұрын

Thanks for sharing your perspective. It's important to consider all angles and implications of legal decisions like this.

@abcthegreat1 3 ай бұрын

“Acquisition in kind” the Microsoft acquisition end round

@augurcybernaut4785 3 ай бұрын

I thought for sure Galloway would be posting video of him whining about antisemitism

@HughJass-jv2lt 3 ай бұрын

😂😂 Gotta separate Politics from Business

@augurcybernaut4785 3 ай бұрын

@@HughJass-jv2lt 💸🫶🤑🤑

@HughJass-jv2lt 3 ай бұрын

I like Ed's uncle ❤❤ Also, Boycott DIVEST Sanction Izreel

@Kenneth_James 3 ай бұрын

I feel like Charles was fair and could truly see the middle ground. Although, he missed the fact the Delaware courts forced Elon to finally purchase Twitter. I wouldn't hold as many shares if Elon was to leave Tesla and he should have an outsized ability to implement decisions and move Tesla quickly.

@JFromAcc 3 ай бұрын

Scott's in a good place = no raunchy joke at the beginning? I don't like where this is going.

@WriteInAaronBushnell 3 ай бұрын

All the respect in the world for Scott, but his support for the Saudi-Israeli human rights abuses gives me nausea

@chucklaforte8087 23 күн бұрын

So you are on Twitter?

@user-ql4ud9zr7m 3 ай бұрын

Buy TikTok?😂😂😂😂 what a way to lose money. Just remember this guy predicted bitcoin at 100k in 2022, peloton at $300, peloton acquired by apple, and a dozen more predictions that weren’t even close to reality.

@thomas6502 3 ай бұрын

Confused... Sam got you off twitter, but Monica got you back on twitter? The AI seems to be hallucinating a bit (byte) more on this one--though coming off of Ted, perhaps it's just still recovering from asphyxiation; a room literally filled with its own flatulence.

@Stuart.McGregor 3 ай бұрын

It’s easy to argue the details 5 years after the fact. Rule #1: You always pay the piper! The board knows this and the shareholders do too. Elon will be made whole.

@bobbybishop5662 3 ай бұрын

Vote no

@JaredFarrer 3 ай бұрын

Biggest compute build out in history too again tied to ai

@rlbeeman 3 ай бұрын

The lack of quality crypto coverage is deafening

@danieltaylor4728 3 ай бұрын

If Ed’s uncle hasn’t got a regular slot after this outstanding debut, then I’m going to very upset!

@KK-pm7ud 3 ай бұрын

SVB from last year almost blew up the system. You need new glasses Scott. Your hindsight isn't 20 / 20.

@user-ql4ud9zr7m 3 ай бұрын

It never was

@themakerofmagic 3 ай бұрын

Elon can do whatever he wants with his shares or his time. This is overreach. America is a free country shareholders can vote Elon out should they choose. Until then if he is following the law of the lands he shouod be left alone.

@eduardocavendish1255 3 ай бұрын

WTF was that? This Elson guy looks like a movie character. 😂

@crystalw1966 2 ай бұрын

Unbelievable. In Chinese, this called “过河拆桥”. That’s shameful.

@LevelofClarity 3 ай бұрын

1:15 I love that Scott loves Sam Harris. I agree with the idea that Sam will go down as one of the great thinkers of our time.

@RTC1655 3 ай бұрын

Sam is really great but he hasn't produced anything groundbreaking within philosophy, at least not yet.

@user-cg3by6bb2g 3 ай бұрын

midwit

@spanishflea634 3 ай бұрын

Harris has nothing on what Hitchens had.

@user-ql4ud9zr7m 3 ай бұрын

The fact that he admires Harris makes him more shallow 😂

@RTC1655 3 ай бұрын

@@user-ql4ud9zr7m ..while you look like a genius with your comment.

@robdogsurf 3 ай бұрын

The pay package for Thomas Edison is worth it. He only gets paid if he hits targets. He wins if I win (stock price going up) Owning Tesla without Elon is a joke.

@ayushsharma9036 3 ай бұрын

Don't agree with your stance on Elon. Or maybe I do agree on one point that he blew the Tesla stock out of the water and in comparison to that his grant was little and justified

@pjramk 3 ай бұрын

Elon was not asking for 20% more of the economic interest, he is asking for more voting control. Why should he work hard to build a business and have someone come in and take it over at some point when the co is vulnerable. Elon has choices. He will always get funded if he choses to start a new business. Most CEOs are not in the same position as Elon as he has choices as to how he spends his time.

@oldschoolpanels 3 ай бұрын

Yes, I agree the economy is a phenomena. The individual (lower and middle class) is hurting. This is not just politics, folks. The restaurants, grocery stores, barbers, insurance, healthcare, mortgages, mechanics, gas stations, contractors, utilities, have been stimulated so much they passed the increase on each and every one of us, and the rich do not feel it because their lives do not change. Meanwhile the majority does and is fed up by this old argument

@Marcus-xb7le 3 ай бұрын

Sam Harris - great philosopher, what a joke.

@user-ql4ud9zr7m 3 ай бұрын

It’s Scott, no surprises there😂

@tvm73836 3 ай бұрын

Scott probably doesn’t (or maybe he does) realize that his paycheck from NYU depends upon China and the money it gives to NYU and other American universities

@txn4yt7mc5 3 ай бұрын

US population is growing faster than any other developed economy due to record unprecedented levels of immigration. GDP growth is much less impressive in per capita terms

@persuasivebarrier2419 3 ай бұрын

GDP has never been a indicator of success across the board. And there are migration trends (one ended right after Christmas*** (edit) where they returned home). Sort of like gas always increasing during the summer with demand and then goes back down.... and conspiracy theorists pretending "the fix is in" when they see gas prices lowering every single time before election time.

@andybaldman 3 ай бұрын

The G-rated opening joke this week was weak. We expect better.

@johnfehringer 3 ай бұрын

“There’s other people out there that can do the same thing” ?? With due respect for your uncle, I believe he might think that Tesla is simply a car company.

@vzzmhx 3 ай бұрын

Why would YOU find ADMIRATION in ML.... more to the point, why would you admit that??? If you care to answer that rhetorical question.... do so by listing her "admirable" contribution to society 😐

@NotoriousAMY 3 ай бұрын

She’s spoken out about cyber-bullying, suicide awareness, does charity work, a TED talk, and generally has tried to turn her life around after a mistake in her 20s. What’s so bad about that?

@paxdriver 3 ай бұрын

Americas economy is sloshing around not just American debt but global debt, in addition to the proceeds of global production turned savings over the past 30 yrs. There's so much fat in the system it only hurts small start up's and young people's prospects at first, having raised interest rates and so quickly. Terms haven't even expired yet and bloated assets like property haven't corrected given the suffering present still by unaffordable real estate. It takes time for rates to catch up with the people who hold most of the wealth. It squeezes everyone else first, exacerbating the problem and which proves to be the trigger for lowering rates - when it hurts the wealthiest.

@theProfgShowscottgalloway 2 ай бұрын

Your analysis highlights the complexities and challenges of economic policy decisions, especially their impact on various segments of society.

@jonathanahten7006 3 ай бұрын

Musk is not asking for more equity in Tesla. He is asking for more voting rights without any other equity (a different class of shares). The compensation package at issue was already agreed upon with the consent of the BOD, the shareholders, and Musk. The Delaware judge made a political ruling which is proving out to be very inequitable to the shareholders. Only in our truly backwards, modern world is a judge acting equitably by damaging the shareholders on behalf of a short seller, and their attorneys (who are seeking 6 billion in attorney fees). The acquisition of Twitter, and its proprietary data, will end up being a major boon to Tesla's future AI aspirations. Personal biases seem to be coloring the rationality of this conversation.

@2017NationalChamps 3 ай бұрын

Galloway was right to push back in favor of Musk. Elon isn't a normal CEO.

@FighterFlash 3 ай бұрын

Yes he’s acting more like a demi god

@e.oconnell8461 3 ай бұрын

You seem to have complete skipped over what the judge noted in the decision.

@ronalda.ortman4759 3 ай бұрын

So right about Sam Harris. So right about the US economy.

@darrell7847 3 ай бұрын

One sided BS......

@user-ql4ud9zr7m 3 ай бұрын

They are both woke progressive New Yorkers, nough said

@makaveli3900 3 ай бұрын

First

@jonathanquezada7342 3 ай бұрын

Kind of first

@user-ql4ud9zr7m 3 ай бұрын

Ed is so biased and so ignorant it’s actually funny

@eduardogmartins 3 ай бұрын

🤔 fake account?

@user-ql4ud9zr7m 3 ай бұрын

@@eduardogmartins huh

@ehlava 3 ай бұрын

what is he biased and ignorant about?

@edb8563 2 ай бұрын

This guy is a puppet. Can’t trust a word he says

@jonathanslaughter8542 3 ай бұрын

People at PayPal thought Elon was ridiculous too. People at Intel thought like this as well. Microsoft was moving like this before satya. Guys like this will ruin a great company. Lol. Him saying Elon will blow himself up while he’s b crushing it in real life with like 5 companies. He would never end up on a board. Tesla is public so he’s not some Tycoon Baron of a massive private company. He wants the people to have power over the Governance of Tesla and why the retail investor take their fiduciary responsibility seriously to keep guys like that far away from the company. Lol.

@persuasivebarrier2419 3 ай бұрын

"He wants the people to have power over the Governance of Tesla" was this taken from eyawn's cult pamphlet or something? lol. mr. union buster, right. even people that were loyal to him after him trashing twitter and slept in office to work long hours, impress him, were fired.

@HughJass-jv2lt 3 ай бұрын

😂😂 Cope harder

@JM-if1mo 3 ай бұрын

Gravity has nothing to do with Trump stock. Try making this conversation relevant. It nothing but a means to funnel political donation money to Trump.

@caliboosted 3 ай бұрын

This guy clearly can’t see… what Musk adds to the world let alone Tesla.

@user-ql4ud9zr7m 3 ай бұрын

He is a dummy just like Ed is

@bdhanes 3 ай бұрын

Love Sam Harris ❤

@VikingSummer 3 ай бұрын

Prof Zionist.

@HughJass-jv2lt 3 ай бұрын

😂😂 Cut him some slack. He was most likely PROPOGANDIZED very young. Free PALESTINE 🍉🍉

@Dxeus 3 ай бұрын

Trump is the answer to all the economic chaos going on right now. Tens of thousands of high paying workers are getting laid off right now. I hope Prof G will talk about that.

@wildhorses6817 3 ай бұрын

No, Trump is a Disaster. Wake up to Reality.