By coinnews 
00:00 Speaker A
So, what do you make of this? Yes, it is worse than expected, but everybody expected it to be worse than expected, if that makes sense.
00:09 Speaker B
I wholeheartedly agree, right? I mean, we all knew this was going to be a terrible quarter. Uh, we knew they were probably going to mark their lowest margins, um, in a few years. I mean, in the scheme of things, gap gross margins was 16.2 versus 16.5, given the size of revenue miss. Pretty solid, actually. And margins are where they’ve had problems over the last several quarters, actually a couple years. And then you look at adjusted auto margins, 12 and a half, uh, versus 13.1. Again, uh, size of this miss was, was huge. So, uh, on the margin side, I would say that’s strength. That’s execution, and that’s probably favorable mix. And then, you know, I, I hear what you were saying in the previous segment. You know, they were saying in their release, the model Y lost production, uh, was a large part of the revenue dip in the quarter. So that means this, this is kind of sort of an operational transition and maybe less of the political volatility, even though politics have had a huge impact on the stock. Um, you know, there are some operating changes that have to happen at the company. So, I mean, there are some silver linings in here, maybe, and we can look for the company update. This is going to be the first time they give us something they officially call a company update. We got mini car on the mat, we got Robo taxi, we got Optimus, we got, you know, AI. I mean, gosh, they got so many things going on, and it’s a story stock. Uh, it’s not just a political story. It’s a company that’s executing and leading and some of these really exciting technologies. Stay tuned. I think we’re going to have, we’re going to have a very exciting conference call.
02:54 Speaker A
You know, and, and Craig, of those technologies that you called out, is there one? I mean, I know Tesla calls out AI in the second paragraph, you know, of their summary here in the deck. Is there one in your view that is, um, maybe not even the needle mover on the stock, but just, as you mentioned, around the story of Tesla, the thing that maybe we’re talking about in a year if we can move past, um, you know, kind of Musk’s government era, let’s say.
03:32 Craig Irwin
You know, I think the, the most excitement, um, among investors, among, uh, retail investors, which are very important for the stock, and then institutional investors as well, is, um, is autonomous and obviously the Robo taxi and how the Robo taxi adopts that. Um, I don’t know how transparent they’re going to be about the use of teleoperation engineers. Waymo is not transparent. Waymo does not tell people what that ratio is. You know, I’ve heard that it’s actually well above one, which means more than one driver per car. You know, I understand the, uh, the tolerance for zero accidents. Um, you know, but, uh, Tesla could, uh, easily put out comparable data, and I think they’re going to do a lot better than, uh, than one per car or two per car, which is what I’ve been hearing about Waymo. And, uh, you know, I think their cars are going to be pretty slick and cool. So stay tuned. We may actually see the mock-ups of this vehicle that, uh, we got to see the, uh, the stampings of the, uh, the frame rails out, uh, outside in Texas with some aerial photographs earlier this week.