Assalamu alaikum, everyone. I hope you are doing well. Today is Tuesday, December tenth, and markets today extended their little breather that they're on after the strong run up that we've had in recent history. So we've had about four days of pullback. And the Dow Jones is down point three five percent. NASDAQ is down point three four percent. And the S&P is down point three percent. And the Russell is down point four percent. So not too terrible of a pullback. It is to be expected after the run that we've been on. However, there are some names that continue to remain rather resilient at the top of the list is Tesla. So while everything else was getting smoked, Tesla remained in the green and for a number of good reasons I'll go over some of them in this live looking at some other uh assets we have uh bitdeer and is energy pulled back there's a bitcoin miners as is to be expected considering bitcoin pulled back to ninety seven thousand it was at ninety five thousand earlier today now if you're wondering what's going on behind the scenes doge was down um even more than that so The higher beta cryptos are going to go up more when things are going well, and they're going to go down more when things are pulling back. And so this is what we're seeing. Solana was a downturn. It's down substantially compared to a week ago. Now it's closer to two hundred and fourteen. But what is happening behind the scenes, in case you're wondering, is a bunch of the leverage is being flushed out. And a lot of it has to do with market makers actually headhunting levered players and wiping their positions out. So this is to be expected. I do expect a. a rebound in the not too distant future. Speaking of Tesla, and it's close to all time highs, We got some additional color about their plans for releasing a Tesla Model Q. I believe Tesla Model Q is actually what Deutsche Bank is calling it. This may not be the official name that Tesla is giving it, but Tesla Model Q is reportedly coming in first half of twenty twenty five. Now, understandably, Tesla is not talking about this a lot because it doesn't want to depress sales of model three and model Y because it says, if it says, okay, we're coming out with a new model next year, then probably a lot of people are going to say, hey, I'll just wait for the new model. So in the details here, this is from a Deutsche Bank report. It says Travis Axelrod met with Deutsche Bank for its autonomous driving day on December fifth. DB describes the new Tesla model, which it calls Model Q. DB says it will launch in the first half of Deutsche Bank, that is. of twenty twenty five and will cost less than thirty thousand if the current subsidies that that are in place remain in place or around thirty seven thousand if Trump cancels the current tax subsidies and it's going to be built on existing lines. So it's not going to require new capex to get it running. A couple more points. Tesla told investors on its Q three earnings call that it plans to deliver a more affordable model in the first half of twenty twenty five. So this confirms the report. They said that to do that, it will lower the price of its current lineup and then eventually sell robo taxis. So that's one catalyst that all signals are kind of pointing towards. We have hints dropped by the company, but not confirmation, again, in order not to depress the sales of the current models. And we also have an analyst that was speaking with people in the know from inside the company. And that's coming first half of next year. We also got a video of... the Optimus robot and the progress that it's doing. So actually, Tesla allowed its Optimus to traverse some terrain in a parking lot, and it did so with the robot blindfolded so that it relies not on vision, but on the sensors that the robot's body has. And its performance was quite impressive. And I have to say, it's handling that hill better than a lot of people I know would probably handle it. And yeah, you can see it's kind of... If it slips, it regains balance very quickly. And the rate of progress, that's amazing. You saw it slip and recover very quickly. Again, better than... a lot of humans. And so this is just going to get more and more impressive with time and probably the rate of progress is going to accelerate as well. So that's something that investors are really excited about. The Tesla cyber cab, again, I'm going through all of these different projects and you have some analysts out there that are still valuing the company as just a car company, like they would value a Ford or a GM, which to me is pretty insane. No other company on earth, I think, has as many as many projects going on at the same time, and each one of them could be revolutionary for their respective industry. Tesla's plan for added cyber cab safety measures revealed. So we're getting additional color on its cyber cab program and you know the more details we get the more you know closer to realization we are and the more excited investors can get about it tesla believes it would be reasonable to assume some type of teleoperator would be needed at least initially for safety redundancy purposes and the tesla cyber cab is going to have fewer parts autonomy from driving to charging beyond touting the scalability of its FSD software due to its utilization of a neural network model, unlike other companies that are subject to geofencing and pre-mapping like Waymo, which it's baffling to me that anyone is comparing Waymo as considering the competitor to Tesla, which has a generalized solution. Tesla has regularly highlighted the lower cost cameras its products use as a major savings benefit compared to companies that use LiDAR and multiple redundant systems at once. While redundancy may be important to Tesla at first with the use of teleoperation, the company is looking long-term at the non-redundant camera based system used in its other vehicles so it's going to start obviously there's going to be hiccups there's going to be you know tele operators to add some redundancy but eventually it should not need that and if it does need it it should be very sparsely used which has already been gathering credit training data from real drivers over the years And this is going to be a two-seater. The cyber cab is because it unlocks a lot of opportunity aerodynamically. It also means we cut the part count of cyber cab down by a substantial margin. We're going to be delivering a car that has roughly half the parts of model three today so basically the bare minimum to get you from point a to point b it also means that when you need to clean the car as a ride share asset you really don't have to worry about navigating multiple doors multiple seats you really just have what looks like a bent seat easy to clean automatically so even the cleaning may eventually be automated. So additional details about the cyber cap coming out, and it is looking more and more likely that twenty twenty five will see at least a limited rollout of the cyber cap. All right, and on the heels of all of this good news, Deutsche Bank has named Tesla stock as a key idea for twenty twenty five. No kidding. And despite a Challenging global automotive environment marked by pricing pressure, high inventories, and muted demand in Europe and North America, Tesla remains well positioned due to its innovation and execution strength. Tesla is at the forefront of technological and scale curve in terms of reaching practical autonomy. This is according to Deutsche Bank's report. They add that competitors are trailing behind in resources while Tesla is also ahead in eventual cost per mile and fleet size. With massive computing resources, the bank says Tesla can train several end-to-end models within weeks, a capability that places it ahead of competitors. Chinese competitors are also now taking this approach but are naturally playing catch up. It's interesting to me how we've been saying this for years. And now that the stock has experienced a breakout, all of a sudden all of these analysts are seeing the light. It just goes to show that individual investors can beat the hot shots on Wall Street if they just understand the subject at hand. Interesting that it turns out Bill Gates still has a short position, a massive short position on Tesla stock. At least according to Elon Musk, who I guess knows additional details about the size of the short position, Bill Gates could go bankrupt if Tesla stock surges two hundred percent to become the top company. This is according to Elon Musk. So this is a reply to a tweet that was posted by Tesla Economics on December ninth. So Gates placed a massive bet on Tesla dying. This is quoting Elon Musk. When our company was at one of its weakest moments several years ago, such a big short position also drives the stock down for everyday investors. To the best of my knowledge, Gates still has that massive bet against Tesla on the table. Someone should ask him if he does. the lack of self-awareness this is musk saying this the lack of self-awareness and hypocrisy of gates who had the nerve to ask me to donate to his most mostly window dressing environmental causes while simultaneously aiming to make five hundred million from tesla's demise boggles the mind and in response to this quote he says if tesla does become the world's most valuable company by far that short position will bankrupt even gates so So, yeah, that's tough to wrap your head around why someone as smart as Gates would short such an obvious play, probably the most innovative company of our time, Tesla. But, you know, if you're smart at one thing, that doesn't mean you're smart at other things. And apparently Bill Gates isn't really the best stock picker. Now, looking at Tesla stock, And its price, as we mentioned, it's nearing all time highs. It's November fifth, twenty twenty one. It reached four or seven, which we. Flirted with today and. And we're just getting started because if you look at this chart, you see this base forming from November fifth, twenty twenty one until today. So three years and the bigger the base, the bigger the break. So basically this stock has done nothing. If you bought it three years ago and just held it. But the company has done a lot. And so the stock is going to catch up with the company in a big way. I keep saying, you know, twenty twenty five is going to be an inflection point. But if we continue on this pace, it looks like December twenty twenty four is going to be that inflection point. So with that being said, let's go to questions. Salam Amin, nice to see you. uh thanks I'm glad you liked the last live my hometown tripoli lebanon still partying like there's no tomorrow yeah we're the same people basically the the borders between us were just drawn like less than a hundred years ago so they mean nothing I'm going to skip the political questions guys so that we stay on finance and investing which I'm assuming is what the most people tune in for but yeah I'm totally optimistic about Syria and so impressed by what they've been doing so far and how little looting and how little destruction of public property has happened, how little uncontrolled acts of revenge have happened. I'm extremely impressed and optimistic. Now, I think everyone should be brought to justice, but I think it should be through a court system. that needs to be assembled quickly and no one should be forgiven for their crimes. I don't believe in that at all. But it should be done through a court system. And it seems like this is the path that Syrians are taking. So totally optimistic. And all the people that are, oh, I'm worried and, oh, you know, resistance and all that garbage that we've been hearing for decades. thirteen years, and Assad was standing against Israel, all of that garbage. And what's going to happen to Palestine? Well, Palestine now has a strong ally in the Syrian people that control their own country. And it's clear that Assad was not standing in the way of Israel because Israel did whatever the heck it wanted while he was president. And Israel bombed all of the Syrian former quote-unquote Syrian army, it should be regime army, weapons depots after he was deposed and after he escaped and fled and bombed all of those weapons depots because it was okay with those weapons when it was with the Assad regime, but it's not okay with those weapons being in Syria now that the regime has fallen. So I'm super optimistic about Syria, Syrian people, the prospects of Syria, and no one can convince me otherwise. Yeah, Ripple is doing a lot of stuff. And I was looking at Ripple today. I understand people find it compelling. I just don't get the need for it fundamentally. And I also don't think that the dilution that Ripple has experienced is... is something to necessarily, you know, turn a blind eye to. And then also the fact that fully diluted value of, here I'm looking at a coin market cap. So let me just actually show you guys what I'm looking at. Uh, so I'm looking here, so the fully diluted value here is two hundred thirty one billion. That to me seems insane. And it's current market cap is a hundred and thirty one billion. why the heck is this worth a hundred and thirty one billion this token like what actual it I I understand that it has partnerships and some limited use cases but is it generating cash that is this project generating cash that justifies a hundred and thirty one billion market cap the answer is no so no I'm not touching this And the markets can remain irrational for a very long time, but I don't see why I would buy that. This is actually a good question, Fred. So Salam or Ken, any concerns about Google's recent quantum breakthrough in regards to Bitcoin? So I actually looked into this and it doesn't seem like this is something that in the foreseeable future is anything that... Bitcoin needs to worry about. Theoretically, is it something that five to ten years from now, maybe, is it something that Bitcoin needs to worry about? The point has been made that if quantum computing becomes a thing, then there's a lot more than just Bitcoin that needs to be reviewed, like our passwords, just generally. I mean, there's a lot. I mean, there's the banking system, wire transfers. Those things are going to be hacked first before Bitcoin because Bitcoin is... a much tougher obstacle. So the moment I see quantum computing hacking into bank wire transfers, then I'll start thinking about Bitcoin. But the lower hanging fruit, so long as that's safe, then the tougher things to crack are probably safe as well. And the toughest is the Bitcoin network. I'm new member to the PIF community. Glad I joined and already learning a lot from you. Thanks so much, Owais. I'm really happy that you're enjoying your experience. Is this a good time to buy DogeBit or Iron after today's pullback? I mean, I don't think it's a... I think it's a better time than before to pull back. I do have our buy below prices that I like to stick to. And, you know, as you... As you probably know, we haven't reached there quite yet. But yeah, I do like to sandbag these prices and make sure that there is a margin of error. Assalamu alaikum, everyone. Thanks, Fred. Assalamu alaikum, Dr. Boss. When taking profits from a stock that has run up a lot, is there a certain percentage to take? No, not a certain percentage. It differs based on the stock, based on your level of conviction, and based on what it will achieve for you, the balance of, you know, you're happy either way. You're happy if it continues to go up and you're happy if it goes down. As-salamu alaykum, Dr. Khaled. Buying PLL right now. Looks like great buy. The community is great and I'm so happy I joined. Well, thanks, Ali. I really appreciate that. Brother Khan, I see you. As-salamu alaykum. Um, yeah, I think I, I mean, they're still in play, although, you know, I'm glad we took profits when we did take profits, but I think, you know, having a position still makes sense. Do you see any significant market events by year end that will change your market view? Um, no, um, not, not on my radar, but that doesn't mean, but you know, there's, there's always unknown unknowns, so it's important not to be overextended. Yeah. I think the stock to flow model is why they can slam Hannibal, by the way. Uh, I think that stock to flow model is a good, is a good tool for figuring out the ballpark of where we need to be. Assalamu alaikum, Zair. Nice to see you. Check out fuel. Okay. Inshallah. Inshallah. Looking into it. Yeah, I saw the JP Morgan commentary on the iron downgrade. I'm not that concerned. I think that the thesis remains intact. I mean, analysts are naturally that great at their job, to be honest. I think you can often find better analysis on X and certainly better analysis on pif so yeah I think the the argument for the the crunch in in the or the imbalance or the outpacing of the digital needs for power versus the physical limitations on access to that power is a valid one Kareem asks, what are your personal finance advice? Well, if you'd like to schedule a consultation, you can do so. Link is in the description. General personal finance advice. Let me give you general personal finance advice. Number one is to do something that you like and It's never too late to make a change. But do something that you like and that is useful to other people. And then money will come after that. The more you chase money, paradoxically, the harder it is to get. But the more you chase trying to be beneficial to other people, the easier. Money becomes a byproduct of that. Number two is don't compare yourself to others. Live within your means. Don't expand your lifestyle while your income expands. Leave a cushion there. So oftentimes I'll talk with high income earners that are essentially living you know, hand to mouth. And the, the reason why is because their lifestyle expands when their income grows. And so you have to be aware of lifestyle creep and, uh, say Alhamdulillah a lot, be thankful for everything that you have, because the more thankful you are, uh, the more Allah Subh'anaHu Wa Ta-A'la gives you and, you know, don't make money your number one priority. Uh, make sure that you put things in their proper perspective and and and give value where value is due now money is important it's definitely it's it's definitely makes a big difference versus you know not having it but you know, once you have your basic necessities, there isn't really the, the, the, uh, the margin of benefit or, uh, there's a diminishing, uh, there's a diminishing return the more, uh, money you have. So it starts to not even. you know, impact your lifestyle at all. It's just basically a number like a video game number that you kind of watch and, you know, it's interesting to see, but it doesn't really impact you at all. So those are my general finance advice. That's what I would, that's what I would tell someone that I care about. Soon, inshallah. But I'm not going to rush it. But soon, inshallah, that's what I was working on. The question was about altcoin picks this morning. Because I'm not going to make a recommendation because I have a deadline. I'm only going to make a pick because I'm convinced with the pick. So that requires time. know turning uh a lot of stones turning over a lot of stones but it it'll take as long as it takes small cap bull market will be inshallah uh thanks brother I'm glad you liked it. Thank you all for tuning in. Hey, leave a like. Let's get this live to a hundred likes. There's a hundred people in here. So if everyone hits the like button, we're at our goal. Become a member if you're not a PIF member yet. Hit the notification bell. Until next time, make sure to take care of yourself. As-salamu alaykum and peace be upon you all.