Market U-turn; $TSLA Roadster!; $META & $AAPL!?; Banks & rates; Margin

but certainly we got to start with the Tesla Roadster. If you haven't watched the video, you gotta watch the video. And if you have the chance, I'll tell you, watch your kids watch the video. I watched my son, my 10 year old, watch the video. And it was just, it was outstanding. It was, he couldn't wait to tell all of his friends and what a car's gonna do and oh my God, and wow, wow, wow. And so with that, I'll get to Justin to chat about it. And then I'm gonna, we'll go from Justin to whoever else wants to cover the topic. And then we will talk a little bit about Porsche St. Yes, Lee in its unveiling as far as where the automotive sector is going. Go ahead Justin, good morning. Morning everybody. Yeah, so it's basically a, for those that didn't see it, definitely go watch it. It's a car with rocket stabilizers on it. So the little stabilizers when you see a starship or Falcon heavy land, it has those little jets on it that puff air that keep it stabilized. They basically put those on a car. So that's what we saw yesterday. Honestly, the craziest part of the demo was it sticking upside down to ground. That was, that was wild. Like, yeah, like Elon Musk of course was there the CEO of SpaceX and says, I'm glad you're all here because we need real people to tell people we didn't fake this and this isn't CGI. And so he definitely delivered, you know, of course they flipped this car upside down and did this little jet propulsion, landing sequence and you know, studied itself. It's not quite Jetson's level, it's not gonna fly over miles. Obviously it's a for temporary little stunts. Unbelievable, it's definitely historic. Like if you don't think this is a historic day in automobiles, you're insane. That being said. Hahaha. We, you know, like I said yesterday, I don't, you know, it was an exhibition between SpaceX and Tesla. It was a dang amazing one, but it still doesn't really have practical applications for cars on the ground in my opinion. I don't think it's going, you know, I could be wrong obviously. I don't think it's going to move the Tesla stock that much. You know, because again, and the pricing is up, it's one of the top tier packages. It's kind of, you know, they have the normal roadsters that go fast, then they have the Jets rust roadster that goes zero to 60 and point eight seconds. Yep, I did, it's not eight seconds, it's point eight seconds. And then there's going to be the package that has the rockets on it. And that currently is invite only. There's no pricing attached to it. And there's the launch date for all of this. I think it's 2028. But there's not really, and that's like, it's, the jury's out on truthfully. If this is ever gonna ship. Because, you know, obviously something like this, not only is wild and insane, but there's, I mean, someone did ask to their credit. They're like, is this street legal? And he said, well, I guess it depends on what street, but no, the answer's no. And he really didn't hide that issue. He did talk about how, you know, this might not be safe or allowed to use. Or so, I guess in the future, maybe we have five buyers of the jet version that have like large acreages and private property and like to show off for their friends, right? That's probably what I see this being used for. So, absolutely amazing, incredible. We'll SpaceX and Tesla stock move much on this, doubtful. But definitely hats off to the SpaceX and Tesla team for achieving something that I didn't think was possible until I watched that last night. And I caught my, I literally had my jaw open and I was watching it. So congratulations to them. Awesome. Go ahead, Brandon, to you and then to Carla. Yeah, just real quick points. I agree with everything. Justin said I think it was, room's really cool. It made me think back years ago, Peter Teal is one of his famous quotes, Peter Teal's famous investor, part of the PayPal mafia with Elon, et cetera, et cetera. He said that we were promised flying cars and all we got is 140 characters. And funny enough that was before Elon, but X, or Twitter now X, and he delivered on both, got us to the flying cars. And obviously as Justin said, we're not cruising around in the sky right now. But that's obviously the future. And we were in a period of such like, it felt like technological stagnation for so long, for like a decade where it was just improving on SaaS apps or all these small things. And now we have artificial intelligence. Now we have cars with rocket boosters on them. Just, I don't understand how anybody cannot be extremely excited for the future. Why people are bearish. I just don't, I have a difficult time understanding it. This should be one of the most optimistic times. And Elon gets a lot of hate. People love them or hate them or whatever. And there's a lot of people to hate them. But he's the one pushing a lot of this forward. So it's just extremely cool to see and watch. I should add, part of me did wonder like, why, I mean, amazing engineering, absolutely amazing, mind blowing engineering. I would imagine a few teams in the world even would attempt something like this. He did say something, he made a really funny comment. I almost wrote it down. He said something about failure is not guaranteed, but it should be a good show. And don't worry, we're far enough away. We're far enough away or something bad happens for safe. But he said it really, it was hilarious. But I did wonder last night, am I watching a bunch of engineers just have fun in wow the world? Or am I watching something in the back of their mind they've been kind of developing for military uses? So I do kind of wonder that. Obviously it's not a fuel gas. It's compressed air. And that compressed air rebuilds in a tank in the back of the car, highly compressed air. And then it can release over and over again. So it's not like a plane where it's going to take it for long distances. But I did kind of wonder, am I seeing the future of military technology? Am I seeing technology for cars that get up to a bridge that an enemy is bombed out? And they need to jump over a small, is that what I'm seeing being developed in front of me? I don't think so, but that would be the only practical implication I can see where the engineers are like, let's do this fun thing. But also we're using this technology for other purposes we'd rather not talk about hard to know. Yeah, so I assume over time, first of all a couple things, hey, I assume over time all the technology that was showcased will get cheaper. I am wondering very seriously what other automobile executives, when they think seriously about this, have to say, is it something that they can't do, that they don't have the capability of doing, whether they want to or not, let's leave that aside for a second. It is Tesla in many ways, both in vision and now in practice way ahead of other automobile manufacturers. And then the third piece of it is, so I don't know all of the applications that could be used for the technology that was on display. But one that I can think of immediately is just stabilization during slippery roads. And to have that on for wet roadways, snowy roadways, so forth, depending on the price. Students may be like a new safety system for car accidents. Yeah, so to me, and then I mentioned it in chat that we have all the military applications I would assume there are many. But I just think they are, listen, the best we ever get from automobile manufacturers are flashy cars with doors that open different ways and different interiors at an automobile show, an international automobile show. I think that this is something unique. And God bless that he has the time and the interest in trying to make a car drive upside down and then make its way to doing a 180 off of the roof to the back to the floor and land it perfectly. I mean, I can't imagine that there aren't lots of applications for what that automobile was able to do. Carlo, I will say this might be a really good way to recruit the world's best engineers because when they see crap like that going on, that creates a beeline to your building for the best engineers in the world. So it could be just that. It could be a recruiting tool, who knows? Absolutely. Carlo, good morning. And you can wrap into this whatever crypto stuff you'd like to mention. Good morning. I think everything kind of pales in significance to this. Yeah, Bitcoin's doing great. Holden's strong at 82,000. Dumb move yesterday by the MCI proposing to remove strategy from the list of equities. And I think that is going in the absolute opposite direction of where the entire market structure is going. We're taking things on chain, we're tokenizing assets. And here we have a very, very conservative stodgy look at not only strategy, but other Bitcoin strategy-driven companies and considering removing them is probably going in the opposite direction. But to the story. Let me pause you there just so everybody knows the story. The MCI runs indices. A lot of them are, I would say, international indices that they run. And they were one of the very early adopters of strategy. And it was a big deal when strategy became part of one of the MCI indices. And now it seems as if for whatever reason, there's buyers remorse on this. And they're trying to figure out a way to potentially get them out. It's been on again, off again, in terms of rumors for a while. I don't think it's ever good form to, you're an index, right? Once you get somebody in and they're there, it's not cool to change the goalposts or move the goalposts in order to go ahead and get them out. I don't think it's going to matter one way or the other. I don't know why somebody or somebody is inside of the MCI are getting so wrapped up about this. It's not as if it's such a large component anyway. Maybe it sets bad precedent or precedent they don't want, whatever it may be, but they're making a mountain out of a molehill at this point. I think they're just aggravating a situation. Sorry, I'm sorry. Sorry about it. It's short-sighted, David, because I could see you doing this when the stock was bleeding terribly. But now it's actually rebounding. And we're seeing digital credit and all of these products actually start to become very interesting in the conversation. So yeah, no backsees. You put it on and you list it. And then just as things are starting to go in that direction, you now pull it back. I think is a bit disingenuous, but that will save for a further debate. I'm going to let you go on in a second. The other thing I wanted to mention is we have more objectors on the same point on the topic. More objectors to being included in the OKX ICE tokenized stock. If you recall folks, ICE, the Intercontinental Exchange, which owns the NYSE, partnering with OKX, they're offering tokenized stocks. This is legitimately tokenized stocks. And the way it works is a company can object and opt out from having its equity tokenized and traded on this. And so far we now, so initially we had one, I think, announced on the day of now Broadcom. And I think core weave are opting out. And it's not surprising to me. Nobody knows what the effect will be of having the tokenized stock and maybe having agentic AI agents. Let's take a one step further, trade your stock. And these folks that already have the very volatile equities to begin with that sometimes have very polarizing, I don't know, bases of investors, both bulls and bears. Maybe they don't want additional volatility on their equities and they're saying, we don't want to be the guinea pig here. I get it. Why mess with something that's not broken on the one hand, on the other hand, Carlo, I'm with you. Tokenization of everything is coming. So you might as well be an early adopter. But so be it. We now have nine objectors out of the 63 that are going to be part of the initial wave of this tokenization of stocks. Sorry, Carlo, go ahead. Very, very timely point. And I think, again, history will judge that. We'll see. On to the Elon thing, Elon just added space X rocket propulsion to a car. And I agree. I agree with Justin and Brandon. Imagine the military potential for this. I can't. I can't down.