>> WE'RE BACK. GENERAL MOTORS AND FORD ARE TEAMING UP TO GAIN ACCESS TO 12,000 OF TESLA'S FAST CHARGERS STARTING NEXT YEAR GM AND TESLA ON HIGHER NEWS. CATHIE WOOD IS THE TOP HOLDER OF ARK INNOVATION IT'S A REMARKABLE THING. WE US LISTENING TO TWITTER SPACES ELON MUSK WITH MARY BARRA. IT'S BEEN HARD FOR HER TO UTTER THE WORD TESLA OVER THE YEARS AND HERE IS THIS PARTNERSHIP WHAT DO YOU THINK IT MEANS FOR TESLA AND THE LEGACY OF AUTOMAKERS GM AND FORD >> I THINK IT'S GREAT FOR AMERICA AND OUR TRANSITION TO THE ELECTRIC FUTURE AS ELON SAID, AND I DO THINK IT INCREASES THE PROBABILITY THAT OUR FORECAST OF 60 MILLION ELECTRIC VEHICLE SALES BY '27, IT'S INCREASED THE PROBABILITY THAT THAT IS RIGHT WE HAD GLOBALLY 7.7 LEKELECTRIC VEHICLES SOLD LAST YEAR AND IT'S GOING TO COMPLETELY DOMINATE THE INDUSTRY I THINK HAVING BOTH GENERAL MOTORS AND FORD ON THIS CHARGING NETWORK, WHICH IS THE BIG GAMING FACTOR, WILL GET US THERE THAT MUCH FASTER. >> I THINK THERE'S TWO QUESTIONS. SOME PEOPLE WOULD SAY, GREAT, SHORT TERM AND LONG TERM FOR FORD AND GM. EVERYBODY'S A WINNER IN THIS THERE ARE OTHERS THAT ARE CONCERNED THAT WOULD SAY MAY BE GREAT FOR FORD AND GM SHORT TERM I THINK THERE'S ALMOST NO QUESTION ABOUT THAT. THE QUESTION IS WHAT HAPPENS IN THE LONG TERM IF EFFECTIVELY TWO OF THE LARGEST AMERICAN AUTOMAKERS ARE EFFECTIVE DRIVING SALES EFFECTIVELY TO TESLA IN TERMS OF ELECTRIC POWER PIECE OF IT AND THE ADVERTISEMENT THAT IS THE TESLA CHARGING STATION, WHAT THAT MEANS LONG TERM IN TERMS OF ELON MUSK'S ABILITY TO SELL MORE VEHICLES, POTENTIALLY AT EVEN CHEAPER PRICES >> THIS REMINDS ME OF WHAT HAPPENS WITH MOST TECHNOLOGIES THAT PROLIFERATE AND SCALE THERE'S A STANDARD, AND HERE WE HAVE A CHARGING STANDARD, CHARGING SOLVES THE RANGE ANXIETY PROBLEM. WHAT'S INTERESTING ABOUT THIS IS IT DOES HELP TESLA UNDERWRITE THE CHARGING STATION EXPENSE BECAUSE IF YOU LOOK AT TESLA'S SALES, THEY ARE HIGHLY CONCENTRATED ON THE COASTS NOW IT'S GOING TO MAKE A LOT MORE SENSE FOR TESLA TO ROLL OUT CHARGING STATIONS THAT MUCH FASTER THROUGHOUT THE COUNTRY. >> RIGHT HOW MUCH OF THEIR REVENUE AND PROFITS DO YOU NOW IMAGINE OVER TIME WILL BE A FUNCTION OF THE INFRASTRUCTURE PART OF THEIR BUSINESS VERSUS THE AUTOMOBILE MANUFACTURING PART OF THEIR BUSINESS >> WELL, ACTUALLY WE THINK ANOTHER REVENUE SOURCE IS GOING TO BE MUCH BIGGER, AND, OF COURSE, THAT'S THE AUTONOMOUS TAXI PLATFORM, AND WE THINK IT'S GOING TO DRIVE THE VALUATION BECAUSE THE MARGINS ASSOCIATED WITH AUTONOMOUS ARE GOING TO BE SASS LIKE. INSTEAD OF ELECTRIC VEHICLE GROSS MARGINS IN THE 25% TO 30% RANGE, WE EXPECT AUTONOMOUS, THE PLATFORM STRATEGY, TO DELIVER 80%, 90% MARGINS SOME OF THE COMBINED WILL BE NORTH OF 50%. >> IN TERMS OF THE GRID, THOUGH, THAT THEY'RE BUILDING AND THESE CHARGING STATIONS, YOU THINK THAT'S A SMALL PART OF THE BUSINESS THE SERVICES THAT THEY MAY BE ABLE TO ADD ON TO SOME OF THOSE STATIONS >> WE HAVE NOT COUNTED -- SO WE ARE IN PRINT AT $2,000 IN 2027, AND WE HAVE NOT COUNTED THE POSSIBLE REVENUE SOURCES ASSOCIATED WITH THIS STRATEGY, AND WE HAVEN'T EVEN DONE MUCH IN THE ENERGY STORAGE BUSINESS AWAY FROM ELECTRIC VEHICLES BECAUSE WE THINK THE MOST VALUABLE PART OF THE BUSINESS WILL BE THE SCALING OF VEHICLES TO CREATE THIS AUTONOMOUS TAXI PLATFORM. >> THE OTHER BIG PART OF THE BUSINESS THIS WEEK AND ONE INCLUDED YOU WAS THE S.E.C. FILING A CIVIL CASE AGAINST COI COINBASE ON THE BACK OF, THAT YOU PICKED UP MORE SHARES OF COINBASE WHAT'SURE THESIS, AND ARE YOU EFFECTIVELY BETTING AGAINST THE GOVERNMENT >> NO, WE'RE BETTING ON THE CHECKS AND BALANCES INHERENT IN OUR GOVERNMENT YOU'VE GOT GARY GENSLER APPOINTED BY THE EXECUTIVE BRANCH IT HAS TO BE RATIFIED BY THE SENATE BUT WE NOW HAVE THE JUDICIAL SYSTEM AND LEGISLATIVE SYSTEM STUDYING AND GETTING INVOLVED IN THIS TOPIC, AND I THINK IT'S GREAT. I THINK WE'RE GOING TO END UP IN THE RIGHT PLACE. RIGHT NOW THE S.E.C. REGULATION AND UNCERTAINTY AROUND IT IS CHASING DIGITAL ASSET BUSINESS AWAY FROM THIS COUNTRY, AND I THINK -- I THINK THE LEGISLATIVE BRANCH UNDERSTANDS IT. THIS WILL BE AN ELECTION YEAR ISSUE, AND I THINK THE JUDICIAL BRANCH IS VERY INTERESTING IN TERMS OF, YOU KNOW, THE VOYAGER BINANCE CASE YOU KNOW, THE JUDGE BASICALLY SAID, S.E.C., WHAT ARE YOU DOING? YOU CAN'T PREVENT THE SALE OF ASSETS FROM THIS COMPANY TO THIS COMPANY. THE GRAYSCALE CASE SEEMS VERY LOGICALLY GOING GRAYSCALE'S WAY, SO HOPEFULLY WE GET A BITCOIN ETF. AND EVEN THE RIPPLE CASE GENTZLER DID NOT MENTION OR TH
