Dave Lee on Investing

Brett Winton is Ark Invest's Director of Research since 2014 and has worked alongside Cathie Wood for almost 15 years since their time at AllianceBernstein. We discuss Ark Invest's innovation-focused research and investing approach that is transforming investing. This interview was recorded on March 22, 2021.

Brett Winton on Twitter: https://twitter.com/wintonARK

Ark Invest website: https://ark-invest.com

Co-interviewer Emmet Peppers (https://twitter.com/emmetpeppers).

Timestamps

00:00 - Introduction

1:17 - Reasons behind Ark's new TSLA price target

5:00 - Unit economics of Robotaxi

10:37 - Platform fee for Robotaxi

12:05 - What country would allow Robotaxi first?

15:35 - Is autonomous ride hailing winner takes most?

17:37 - Will autonomous ride hailing miles overtake human driven miles?

21:40 - Does Ark have a direct line to Elon?

26:26 - Which Tesla model will be cost comparative to Camry in 2 years?

32:31 - Who is main competitor to Tesla?

41:23 - Ark spreading out bets in genomics space

46:44 - Will here be a Tesla of genomics?

52:56 - Context behind Teledoc position

54:45 - How important is Wright's Law to Ark invest in finding opportunities?

1:00:45 - Applying Wright's Law to electric vehicles

1:06:38 - Valuing Tesla semi and energy storage

1:13:50 - Future speculation on Tesla

1:19:25 - Tesla last foot delivery

1:26:03 - Does Tesla have a chance in the drone space?

1:29:09 - Has Ark modeled Tesla vertically integrating moving goods?

1:32:00 - How Ark sees Robotaxi working out

1:38:08 - Dojo and NN as a service

1:39:25 - Cardano or Etherium vs BTC

1:40:40 - Metaverse

1:42:00 - Importance placed on CEO and management

1:43:18 - Where Ark gets its name

1:43:43 - What Tesla do you have?

1:46:11 - Ark brainstorming sessions

1:48:09 - How envision Ark in future

1:49:50 - Conclusion

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I'm joined by Emmet Peppers are we share our thoughts on Ark Invest's $3000 TSLA price target in 2025 and other investing topics. https://ark-invest.com/articles/analyst-research/tesla-price-target-2/

Emmet Peppers on Twitter: https://twitter.com/emmetpeppers​

Emmet Peppers Interview playlist: https://www.youtube.com/watch?v=ZxJpj...​

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

I'm joined by James Douma as we discuss Tesla's FSD hardware compared to Nvidia Drive AGX. View part 1 of this conversation, https://youtu.be/oWPqlRsPHjQ.

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

1:06 - Overview of Tesla FSD neural nets processes*

9:35 - Tesla's FSD chip

19:34 - Nvidia vs Tesla's self driving chip*

35:39 - Could Nvidia make a solution that competes with Tesla's FSD chip?*

41:00 - Mobile Eye's chip for vision and lidar

49:20 - Tesla's fleet advantage

56:20 - Barriers to other companies making a chip similar to Tesla's

1:05:40 - Tesla's last foot delivery

1:14:25 - Conclusion

Social

I'm joined by James Douma as we discuss Tesla's approach to FSD hardware and why it's built for success.

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

0:39 - Does Tesla FSD have a hardware advantage?*

6:58 - Tesla's made the best chip for FSD

8:20 - Energy consumption of FSD chip

12:15 - 2300 frames per second

17:40 - What will the next generation chip be used for?

21:23 - Will the next generation chip be a drop in replacement?

22:17 - How will the next generation chip be rolled out?

28:55 - Convolutional neurons

36:15 - Back propagation and self fixing Neural Nets

41:20 - Human inputs

45:12 - What resolution are the images?

48:22 - What percent of processing capability is needed to run FSD?

50:15 - Conclusion

Social

I'm joined by James Douma as we discuss Tesla's approach to FSD hardware and why it's built for success. View part 2 of this conversation, https://youtu.be/CFtBdWN3t_Y .

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

0:39 - Does Tesla FSD have a hardware advantage?*

6:58 - Tesla's made the best chip for FSD

8:20 - Energy consumption of FSD chip

12:15 - 2300 frames per second

17:40 - What will the next generation chip be used for?

21:23 - Will the next generation chip be a drop in replacement?

22:17 - How will the next generation chip be rolled out?

28:55 - Convolutional neurons

36:15 - Back propagation and self fixing Neural Nets

41:20 - Human inputs

45:12 - What resolution are the images?

48:22 - What percent of processing capability is needed to run FSD?

50:15 - Conclusion

Social

I'm joined by James Douma as we discuss Tesla's approach to FSD hardware and why it's built for success. View part 2 of this conversation, https://youtu.be/CFtBdWN3t_Y .

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

0:39 - Does Tesla FSD have a hardware advantage?*

6:58 - Tesla's made the best chip for FSD

8:20 - Energy consumption of FSD chip

12:15 - 2300 frames per second

17:40 - What will the next generation chip be used for?

21:23 - Will the next generation chip be a drop in replacement?

22:17 - How will the next generation chip be rolled out?

28:55 - Convolutional neurons

36:15 - Back propagation and self fixing Neural Nets

41:20 - Human inputs

45:12 - What resolution are the images?

48:22 - What percent of processing capability is needed to run FSD?

50:15 - Conclusion

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

Tesla's President of Auto, Jerome Guillen, has transitioned to Tesla President of Heavy Trucking, I discuss this latest news from various angles.

Social

Amjad Masad is CEO/Founder of Repl.it, a fast-growing startup that is trying to democratize programming by allowing people to code and collaborate from the browser. I discuss what Repl.it is, where software is headed, and how the world will look like in 10 years.

Check out Repl.it: https://repl.it

Amjad Masad on Twitter: https://twitter.com/amasad

https://amasad.me

Timestamps

00:00 - Introduction

1:10 - Replit overview

5:00 - User stats and growth

8:00 - What is Replit?

19:30 - Replit community

23:40 - What's Replit's value proposition?

32:05 - Where does your empathy for the developer user come from?

37:22 - Learning to code by hacking vs theory

45:32 - Music and programming

49:04 - Replit's new programming environment for kids

52:03 - Kids learning by experience vs modern education

57:00 - Crypto a blow to silicon valley

1:02:00 - Traditional path vs new generation of hackers

1:04:40 - How did growing up in Jordan impact view of world?

1:10:24 - Impact of Replit if hugely successful?

1:17:38 - Will wealth gap increase due to tech?

1:24:00 - AI disrupting jobs

1:28:11 - What's root of optimistic view on tech and wealth divide?

1:35:30 - Ambitions in enterprise

1:36:37 - Replit's competition is Roblox and Minecraft

1:38:40 - Y Combinator experience

1:48:05 - Does Replit compete with Heroku?

1:50:35 - 3rd party plugins

1:52:50 - Talking to users and development

1:54:00 - Cofounding with wife

1:57:55 - Has covid changed view on world?

2:00:13 - Conclusion

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

Amjad Masad is CEO/Founder of Repl.it, a fast-growing startup that is trying to democratize programming by allowing people to code and collaborate from the browser. I discuss what Repl.it is, where software is headed, and how the world will look like in 10 years.

Check out Repl.it: https://repl.it

Amjad Masad on Twitter: https://twitter.com/amasad

https://amasad.me

Timestamps

00:00 - Introduction

1:10 - Replit overview

5:00 - User stats and growth

8:00 - What is Replit?

19:30 - Replit community

23:40 - What's Replit's value proposition?

32:05 - Where does your empathy for the developer user come from?

37:22 - Learning to code by hacking vs theory

45:32 - Music and programming

49:04 - Replit's new programming environment for kids

52:03 - Kids learning by experience vs modern education

57:00 - Crypto a blow to silicon valley

1:02:00 - Traditional path vs new generation of hackers

1:04:40 - How did growing up in Jordan impact view of world?

1:10:24 - Impact of Replit if hugely successful?

1:17:38 - Will wealth gap increase due to tech?

1:24:00 - AI disrupting jobs

1:28:11 - What's root of optimistic view on tech and wealth divide?

1:35:30 - Ambitions in enterprise

1:36:37 - Replit's competition is Roblox and Minecraft

1:38:40 - Y Combinator experience

1:48:05 - Does Replit compete with Heroku?

1:50:35 - 3rd party plugins

1:52:50 - Talking to users and development

1:54:00 - Cofounding with wife

1:57:55 - Has covid changed view on world?

2:00:13 - Conclusion

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

I discuss the potential for Tesla to solve last-mile and last-foot delivery, and what that means for the e-commerce market for Amazon, Tesla and others.

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