Back to episode — Episode 2555 CWSA 08/03/24
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l of my stocks, selling nothing. And I wouldn't be surprised if you see it changing quite a bit between now and the election. Because I also think the players game the system. So it could be that people are just taking some profits from AI companies that ran up too much. But it could be that you'll see a bunch of super rich Democrats say, you know, it would be really good for the Democrats if the…
← Previous segment →ystem kind of stuff. That's what I think. So that doesn't mean in the long run anything. It just means I expect a little bit of mischief.
According to Breitbart News, the Democrats are panicked now and they want a rate cut because unemployment took a little jump. So if the Fed cuts the rates, that normally juices the stock market and the rest of the economy. But the Fed is independent, so they don't have to do something just because the Democrats want it.
Now you might say to yourself on this next story, Scott, why are you always talking about batteries? Batteries are so boring. Oh, but are they? I think understanding batteries and the new technology coming is just one of the biggest things to understand. So here's a big, big, big story about batteries. Sawyer Merritt on X is reporting this. So Tesla apparently has been working on something called a dry cathode battery, meaning that there would be no moist parts of the battery. This has been a long dream, apparently. It was just too hard to do. People have tried it but haven't gotten far enough.
But if it works, Tesla would reduce their own costs between 15 and 30% if they can sc
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ale it. That's right. The cost of a Tesla could come down 20 to 30% if they put these better batteries in. But that's not all. Takes up a lot less space, and they can make smaller, more efficient factories to make these. Fewer steps, higher density, more range, better for the environment. And of course we're going to need some really good batteries for your robots. If you think your battery keeps…
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