The speaker addresses the question of why Tesla (TSLA) and SpaceX stocks surged today, stating definitively that he doesn't know, nor does anyone else. He explicitly states that this is why he avoids "the guessing game about short-term stock price movements."
He clarifies that he does not base his buying and selling decisions around what he thinks the stock price might do based on "short-term news information and so on." Instead, he focuses on valuing companies based on "future outcomes," acknowledging these are also guesses.
He confirms he has not sold any Tesla or SpaceX stock and has no intention of doing so. His buying activity is driven by a long-term perspective: what he believes the company will be worth in the future versus its current price. He only buys if the difference between these two figures is "meaningful enough to cover any uncertainty" and if he has cash available.