What the Media Isn't Saying about Tesla and the EV Market
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- Опубліковано 4 тра 2024
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Full self driving is 1 year away, Fusion energy is 20 years away, and I'm still waiting for the girl I asked to prom to get back to me.
😅
Musk will have "Mr Fusion" in production next year if shareholders give him $56 billion.
If you say so buddy
@@joedirt1965 It is not money it is freshly minted shares which dilute the Tesla stock
Have you worked out how much these shares will dilute Tesla stock
calculate 303 million divided by 2.77 billion as a percentage
She might still call. As long as you do not give up, nobody can say that she rejected you.
Tesla stock is still at 43 P/E ratio. Toyota is at 11 and GM is at 6. Even comparing to a tech company it is high. Google is at 27 and Apple is 26.
Energy + Electric cars + RoboTaxi + Robots is a high value industry. They are just getting warmed up.
I don't understand how you value a stock or any other investment which produces no income/dividend. Whether it is a Tesla share, gold or an NFT.
@@harishyala Still drinking the Kool aid i see.
You can’t tell me there’s not some huge oil company executive meeting where they decided to trash these electric vehicles
"You can’t tell me there’s not some huge oil company executive meeting where they decided to trash these electric vehicles"
==
Consumers are just not buying.
I don't think that has anything to do with oil execs.
EVs suck. The secret is out.
@@JensSchraeder What about plug-in hybrids?
You mean they told the truth.
@@allgoo196 LOL, WTF are you talking about? Did you watch the video? EVs on the whole have been going up steadily (percentage of sales) for the last few years, even in the oil-addicted US where gasoline is WAY cheaper than Europe, etc. There, it's 10-14%. In China, it just hit 50%.
The thing about the "Tesla is losing market share" narrative is that it gave an inaccurate picture based on a cherry picked fact. When you add in the fact that Tesla's sales growth remained the same or was stronger in that period you get the more accurate picture that Tesla couldn't keep up with market growth and, like you said, people had more options.
Much like when you debunked Anton Whalman's Seeking Alpha claiming EVs , and Teslas in particular, cost more to "fuel up" than gas cars.
Once enough other compelling EV options at more affordable prices with native access to the Supercharger network are available, and enough other charging networks get their act together to where the holiday trips to Mee Maw & Paw Paw's occur without drama, sales will take off again.
We should finally move on from talking about and visualizing EV market share and start looking at total car market share by brand & split each brand into ICE and EV (slightly different shade on graph). EV market share is deceiving, because it projects the data as if legacy auto-makers are eating into Tesla's EV sales pie, while the opposite is truth when you look at the whole picture as both new pure EV brands and the legacy brand EVs are taking car market share from legacy auto ICE offerings.
The state of Tesla, is short term, I expect to see the minor hump to end soon! my 2023 Model Y is just fantastic and I continue to recommend it.
couldnt agree more
High costs of US labor as well as high costs of manufacturing in the US and quality subcompact EV imports will be entering the US market soon! Good luck.
I actually disagree that the main reason for the Tesla stock price decline is more likely to be the market reaction to the following: (1) the Osborne Effect on the model Y due to people waiting for the new model (given that the model 3 has been updated); (2) Tesla’s customer base are those (primarily) interested in the environment, using less resources, and polluting less, basically more liberal views and Elon Musk has been outspoken in a different direction that puts these folk off and (3) most recently and most dramatically, the market is waiting for the low cost $25K car. By (as perceived) giving up the $25K car, the market is jumping to an assumption that Tesla can’t compete with BYD. I do believe these have all hurt Tesla sales over the past 12 months (and #3 more recently).
all reasonable hypothesis. Have any data about these to share? Would love to see it if so..
I haven’t checked, but another reason could be due to Tesla underdelivering on the Cybertruck and it’s range as well as continuous delays with certain future products such as the roadster and semi.
@@BenSullinsOfficial Can you, please, make a similar graph to the EV market share one you did, but for the whole car (+ pickup) market with legacy brands split to EV and ICE? I think it'd be a great way to show whose market share are EVs taking (e.g. Are legacy brands cannibalizing their own ICE sales?).
@@BenSullinsOfficial Yep…thats the right question but while there is overall data on sales, the causes of sales data changes are open to speculation other than comments direct from Tesla. I can attest to my #2 as I fit this category. I have delayed several times, feeling conflicted between the benefits of going EV (to the environment and my family) vs Elons proactive behavior some of which I disagree with. No denying the brilliance of the man. That said, US companies only understand $ so I have held on to mine and continue to explore non-Tesla option. The reality is, there are no great competitors, so I continue to hold on and not take the plunge. I know there are others in my company that feel the same but this all amounts to a non-scientific single data point that in no way proves a trend.
Telsa is having focus issues mainly from their CEO. As a shareholder, not looking forward to tomorrow. Can you imagine buying a model y for 70k in summer of 21? I don’t think it is fair to just look at share, of course it is going down. Look at units and also important is brand satisfaction and repeat ownership and of course profit. Rivian is losing 42k per vehicle. They might not make it through next year.
I don't think EVs are doomed I think they are a barometer for the economy when things pick up again sales will takeoff
nah ev's are just trash lol hybrid or gas only is the way to go.
? The economy of the US is in rude health. Unemployment under 4% for the longest period in 50 years, wage growth up, inflation down, gdp growth is hot. By pretty much energy measure, the economy is booming.
@@anthonyperks2201 yes but has anyone got any money that's the issue
EV sales growth has focused on new car sales here because that's the available statistics. Imagine what the overall statistics will show once the secondhand EV market begins to flourish.
Elon is responsible for both Teslas growth and decline, no way around it.
"Market share" shifts aren't nearly as meaningful in a growth industry as in a mature one.
Going from a 70% MS to a 40% means very little when the overall market sales go from 1 M to 5 M
Your still growing from 700 k to 2 M in sales. Your still doing great!
I invested in Tesla in 2016 and I love the cars. But I will never buy a fully electric car. Like million of other people, I live in a crowded place where there is no easy charging and a plugin hybrid makes a thousand times more practical sense for me than a fully electric. I think the full electric cars reached their capacity now or are close to do so. Other people (in the US at least) have other more convenient alternatives.
FSD had a break through this year with V 12 that's why the price was reduced.
I would say that EVs are safe and Tesla is safe. It's inevitable they'll go away from fossil fuels, and market share of course will go down as more EV released, but they're fine.
Doesn’t make much difference. Cars are a race to the bottom and Tesla is increasingly facing that reality.
As an auto engineer, I can say, you are dead wrong.
But, there are a lot of idiots that will buy EV's but fewer than before.
@@lukewalker1051 Because global ICE sales continue to decline since 2017, 86 to 59 million.
An EV charging on home solar with V2G is a nightmare for all the companies now picking our pockets.
Most auto makers are going away from EVs and towards IC because they can- easier said than done for Tesla. The reason EV-only makers went bust over 100 years ago is that they couldn't make the transition to the inherently more complex technology of combustion engines.
@@user-jb2om7cm8m ICE car production/sales has been falling since 2017. Has fallen about 20%. There are too many people making EVs. In spite of what the media says, and what Tesla is selling EV sales continue to rise. The number of EVs sold globally in Q1 2024 is roughly equivalent to that in all of 2020.
The gist of it IMO is that all the EV growth from 2020-2023 came from Model 3 and Model Y. And now that people are tired/unenthusiastic of the TSLA brand, there are no good EV options in the 40K range. If only R2 was out by now!! Things will be slow in 2024/2025 till we have exciting new options. Don't tell me 40K EV6/9 or a BMW i4/XI are good cars cause they just aren't.
It is impossible to explain to a person without a computer science background and specifically AI deep learning experience or at least familiarity how amazing it is that FSD is still being developed, and that it works as well as it does. It has got to be one of the top examples of perseverance.
FSD looked like a reasonable project when it was started. They did not know that it was unsolvable with the then current methods and tools. Every iteration came closer. Close enough to inspire confidence in the team, and Elon. We know how that turned out. Here we are again with an iteration that looks like it will be the one. It is working great in some locations and not others. More training required. But..
Training AI is a not linear. The more you train a network that harder it gets to train it to do the next thing. And the more likely you are to break existing learned behaviors. The better the training data the better training works. Quality refers to how accurate, consistent, relevant, and representative the data is for the problem domain and the neural network task. FSD data is a presumably a huge collection of video clips taken from actual FSD cars. Your trying to select clips that will train the car to not run over kids who chase balls or pets into the street. Of course we need the ball and the kid but we also have to ensure that there is nothing in the thousands (a guess) of clips that might train an unintended bad behavior. At this point the most valuable skill is your power of visual observation along with an understand of what is apt to cause harm. Who do you hire to do that?
Guys and gals we are still in the undiscovered country. This is bleeding edge science. I wish the FSD team the best and wish I was a young buck at Tesla making it happen.
Keep talking about those sales. Dig deep into whether the middle class wants to buy an EV. And pay more insurance costs. Change tires more often due to EV weight. The threat of EV vehicle fires. The inconvenience of charging. Etc etc. I think Evs will cap out at 30% as Toyota predicts. I will stick to ICE or a hybrid.
we got model 3 & y they are amazing! with this much upside! elon dont let us down!!
I think a thing that was missed is the second hand market. It hasn't really hit in numbers when growth is 60% in a year. In 5-10 years time those cars will also competing with second hand ICE cars that cost more to get from point a to point b, with more cost conscious buyers.
The shoutout to the Ioniq 5 was spot on. I leased one the other day and it’s an unbeatable deal. They include two years of EA charging, too. Great video!
Great points Ben ! I thinks there are other data points inside Tesla that are also latent income streams, the energy side with grid, home/commercial solar, home powerpacks, the commercial charging with multiple vendor tiers ( the made great moves in the chargers game). They also have opportunities in licensing software to monetize Tesla software development cycles.
That eia projection seems extremely conservative to me. Do they really project that even in the best case 30 years from now we won't have more than 30% electrical vehicles being sold. I highly doubt that. And look at the shape of the curve. We obviously are in an exponential growth period right now, and then they inexplicably take an inflection point today and stop the growth rate in their projection. I would dig a little bit more into how they got this projection in the first place.
As long as these EV's dont sell more beyond that the vehicle is an EV, enough people will not switch. I dont personally see or like enough in the EVs on offer over ICE's to make the switch. A extremely low end EV would be nice as a compliment not a replacement to my ICE, for local/simple driving.
Ben, regarding the self driving / autonomous vehicle concept. I like the driver assist that FSD provides but, I would never fully trust it enough to lay back and take a nap which law enforcement considers illegal or at least driving dangerously. Back to my point - FSD is an awesome feature, I have used it when I had a rental Tesla in Las Vegas and San Antonio, TX. My one issue is, I found FSD to be too aggressive when making turns at intersections. However, on the highway, I would use it completely but only give it the trust of a teen driver. Overall, I like the EV market and believe the market share will steadily increase over time. I am really rooting for Rivian because I have a number of shares.
The Chinese such as BYD are price makers. In the competition for market share, price is one of the ruling determinations that control the market. It determines who stays and who is left behind causing M&A disruption and even more rivalry.
The future will tell. The Chinese also like to use equity financing for foreign companies' acquisitions.
I do not like oligopolies, but the Chinese automakers have all the potential to go there and beyond. Fortunately, there are governmental mechanisms to prevent it.
I recommend everyone to go watch Solving The Money Problem after this
Weird conclusion about the stock price - Toyota is $374B making 10 million cars per year (tesla targets making 20M per year and Yes, robotaxi inevitable / cheaper cars guaranteed so even just as car company, they should go over $1 trillion again in a few years worst case), though Toyota basically static and trending down since they make gas cars which will be sold less vs EVs. Whereas yes, Tesla currently is valued at $445B despite making only 2-3 million BUT stock price and growth based on GROWTH and not being the stagnating #1 of the old gas car world. So there is a premium for growth mode AND Tesla makes batteries for houses, solar roofs and now robots, among other cool things like the eventual release of the SpaceX roadster and Tesla just generally, well anything musk, is going to be more fun across the board.
This is one of the more fact-based pieces I've seen online, with some sound reasoning behind it. There's far too much noise out there. The way look at things right now, is the EV market, like the auto market in general, is tightening. It's basically going to separate the wheat from the chaff in the market. EV isn't some magic bullet. You need a compelling product, and maybe some kind of hard to overcome advantage or 'moat' around your business. I think Tesla's charging stations will offer some advantage, & depending on how FSD pans out, that possibly as well. Time will tell.
Note the pause in 2019 and 2020. No one, especially detractors talk about that. Even Tesla fell -1.2% in sales in 2018, but rose +55.1% in 2019 as the Y went into production.
Great analysis, Ben, with data. Hmmm, what a concept. Great job. Always like your real world data driven take.
Thanks.
If a company is not constantly disrupting their own products, other companies will do it for them.
thanks for the analysis
they are building a car for the typical market though.... throwing out tried and true technology and removing common controls is what is kill them in my book. Why I bought a ford over tesla.
Yes but what is going to happen when the buyers find out they got an inferior product for an inflated price because they didn't buy a Tesla?
There is no way I would ever drive a regular Ice Car.
Tesla has orders through next year.
Stock price is directly related to short term profitability.
Tesla has long vision and could care less what stock is today.
This is the status quo trying to punish Tesla investors.
Tesla is much much more than an EV company.
Tesla stock will rebound, now is the time to buy.
The first group of EV buyers were devoted Musk fans so they were very forgiving of any shortcomings in the vehicles. You could sell them a Cybertruck and they would be happy. Now, EV companies are trying to sell to people who behave more like demanding customers than loving fans.
But are they cheaper in Michigan insurance for an electric car is double so that's like another car payment than there's registration again like another car payment than there's the cost of tires very expensive than additional taxes from local municipalities to pay for specialized equipment to fight EV fires because there not paying for it , all the extras add up real quick .
We kind of are doomed unless we can get more chargers out there. That's what's holding the sales back. We've hit a ceiling on the number of buyers who are willing to take the jump because everyone else who's on the fence wants to feel more confident about charging the car. We ran through all the users who were waiting on the car prices to drop in the recent years.
Percentage Market Share alone for a growing market like EVs doesn’t really give a look into how a company is doing. When it was just Tesla and GM EVs, Tesla had a huge Market Share percentage. If for example Tesla sold 180 cars and GM sold 20 then market share for Tesla was 90%. Once all the other auto makers started building and making EVs the pie had to be split into more pieces. If then Tesla sold 550,000 EVs and everyone else totaled 450,000 EVs, their Market Share as a percentage has dropped. Oh no! Tesla only has a 55% market share. Maybe that was the total number they could make. I would think a better look at how EVs are doing and how Tesla is doing would be total units sold over time. Is it growing? Yes. (Which you showed towards the end of the video.) Has it hit the limit, the total possible number of cars that could be sold? No.
Not everyone wants a ev. Most markets can’t even support ev. Tesla is headed lower before it does another run up. The last swing was 103 to 290.
Hmmm... well, the EV market share metric is a little misleading. A company that has 100% market share, from the day a competitor sells one unit, the first company loses some percentage of market share. The question is, are their total unit sales growing? For the most part. Q1 was kind of challenging. But, it was challenging for the entire industry. Is FSD improving? Well... I don't own a Tesla, so I don't have first hand knowledge. The folks I've seen seem to be indicating marked improvement. Used to be, I couldn't watch an FSD video, because it made me so nervous. Now... I can watch them. That's something. As for Tesla's prospects? Well... it sounds strange, but given the industries they are in, it's still early days. Are they going to grow significantly? I think so. Energy? Yep. Robots? I don't know. I'd buy one to help out around the house. If they were available en messe during the viral moment, when labor was in short supply, I would have implemented them on the lines. Will Tesla be able to manufacture them at scale? If anyone can, I think it's them. The $25k car? Once they start cranking them out, I think they'll be a big hit. And... when will all these things happen? I'm thinking probably not this year. Maybe next year, or 2026. So, I think the short term outlook is for the stock to dip lower. But, I think the growth potential is very high. So, as it dips lower, I think it would be wise to acquire more stock. If long term is your focus. 5 years, at a minimum. If you're investment horizon is this year? I don't think Tesla is the stock for you. But... that's just me. And, this is not financial advice.
Thanks for the video. I'll keep on watching!
Your right on !!
EVs will sell more and sell less, it’s the nature of market cycles. I think the big issue in the U.S. is the majority of vehicles available are above the price point where sales would really take off (the market around 20k to 30k is not great) and since EVs run well and last forever, the used vehicle market is not really growing
The answer is, yes.
Unless, I start seeing some positives(cutting prices don't count).
YOUR NUMBERS ARE FLAT WRONG!
EV SALES IN USA for
2022: 812821
2023: 1189051
And the growth was 46.3% and a 7.6% of the total new car sales.
Thus it went from a 5.9% in 2022 to 7.6% in 2023
Have you tried FSD? It’s very close to be autonomous
Really Hope So!
Great show. Data rules.
I sure hope so. Ice ice baby!
The long term issue for EV's is the infrastructure. There simply isnt the level of infrastructure investment needed to meet the sales expectations (or stipulated by law e.g. all new sales by 2035 in the EU). Outside of the US and particularly California it's still very difficult to charge your vehicle if you dont have home charging. Yes, there are charging stations but not nearly enough to meet expected/planned sales. And more concerning, without government assistance there is just not enough private investment.
Additionally, if the EV's are going to make a difference to global warming etc, we need sufficient green/renewable energy to meet demand and right now, again, there's a huge infrastructure problem. ie wind/solar farms are not getting connected to the grid in nearly the volume needed.
Thanks for the comment! I cover this in a recent video here: ua-cam.com/video/2CUIK9psav8/v-deo.html
Also, in regard to the renewable energy and the grid I have a video covering this from a while back (probably needs an update) ua-cam.com/video/4K8ZO7485qk/v-deo.html
Hope this helps!
@@BenSullinsOfficial Firstly, tks for the reply. I saw your previous videos Ben and they are too US-centric. Tesla is a global company and needs global sales to grow and meet shareholder expectations (as do all large scale EV manufacturers). The charging infrastructure outside the US is woeful and there isnt the investment required to meet future EV sales expectations. That was my point.
@@lindsayparker2965 And if you go to engineering school and learn the true reality, there is no way EV's are even sustainable.
@@lukewalker1051 Lol what? I went to engineering school and can confirm EVs are 100% the future.
Don't underestimate how elon's behavior over the last couple years has affected tesla. I love ev's I had a tesla model 3 but when it's was time to get me a new car I opted for an ionqi 5
Leader always loses market share. You make incorrect comparisons
Short answer, no . They're now 30% of the market
Who in their right mind would buy a new EV when it depreciates faster than it accelerates?
100%. Tesla was always valued as a tech company and not an OEM car manufacturer due to the promotion and vision of Elon. Not saying Tesla can not get there, but as the years go by, it looks like Tesla is looking like more and more like a regular automobile maker as all the moonshot have not panned out or are many many years away.
Tesla has a stale design. They are going to have to do more than change the headlights and taillights. I’ll wait a few years for the Rivian R2. This is much more interesting to me than anything Tesla is offering or going to be offering in the next few years.
They aren't doomed, but Tesla's stock price is coming down to meet the reality of the EV market. The unrealistic dreams is being priced out of the stock.
EVs are definitely the future. Tesla will be fine long term but are going to have some tough times. Honestly they would be best getting rid of Elon though - he’s mismanaged things and his horrendous posting on Twitter in recent years has wrecked his reputation and damaged Teslas.
You mean he told the truth on twitter
He'll be gone like the wind as soon as he gets his remuneration package sorted. Mark my words.
@@truthfactreality6814 Your truth.
@@itheuserfirst3186 you sound like a woman. Lol
Ben please don't quote the Energy Institute of America because they are among the worst and most biased and actually least accurate. The notion that we're only going to have 15% penetration of Bev's by 2030 is absolutely a joke. China is already at about 50% Bev's plus plug-in hybrid and many European countries are at 25 to 35% so that's just absolutely absurd. I expect more intelligent skepticism from you about those kinds of sources.
Chinese and EU car companies are producing low cost reliable EV's that cost a small fraction of the cost of the lowest cost EV produced in the US with high labor costs in the US. Tesla will likely not ever make a low cost EV!
The entire grid needs to be upgraded for EV’s to reach mass adoption.
Its easy, i have to pay Elon musk 300 euros month for grade A autopilot.
And i dont have any datasheet any spec on the materials for parts and service.
Nope. I will go for a used golf ELECTRIC cart for 600 euros any day of the week and if the batteries fail I change them by myself.
What kind of joke is 40k? or 60k? For a vehicle with less mobile parts ? But more price than a Ford fiesta ? ITS OVER.
No
Once the economy turns around next year EVs will boom.
Tesla is so much more than a car company. Energy, ai,robotics. The market is impatient. I am in for the long run And Tesla will continue to lead the pack.
No.
Are Tesla and All EV's Doomed? No. And those who do not understand this will have missed the opportunity of a lifetime.
EVs are doomed. The only result of all this "revolution" is what's happening with Toyota and others that now call their hybrids as "Electrified vehicles" Hybrids will reign supreme, pure EVs will be niche purchases until battery technology improves 100fold!
It's ok for ev
Tesla's down, but not out! Can't wait to see how they turn the tide. Who's rooting for a Tesla comeback?
@BenSullinsOfficial I find this a little misleading as the sales collapse in sales has happened this year and at no point in this video did the current years sales figures appear.
Warren B needs to buy Tesla
The EIA projection believes that EV market share will be under 40% by 2040? I think they’re really underestimating growth potential
EV's are not going away they are the future, but Tesla has some tough months ahead of them. I'm not even sure if Elon will get his compensation package approved because I think many institutional investors don't want to approve it because they want to send a message to Elon that he is not in control they are and they want to tell him how to run the company (activist investors). I hope they don't get that opportunity because Tesla will then be run just like any other auto company IMHO.
Elon has become a liability. Of course the other investors want him gone.
Elon is a bit naive or too optimistic on robotaxi. He underestimates how complex human intelligence is, and thinks a simple machine learning can replicate it. Most AI experts admit it requires far more than the current machine learning algorithms to achieve even chimpanzee level intelligence.
We need $10.000 250km range citycar sized EV's. Not $100.000 600km range behemoths cosplaying as trucks.
Thinking of buying another ev
"Thinking of buying another ev"
==
Why don't you?
Thinking and actually doing it is different.
They need you.
I am ALL in tesla anything and I was willing to pay almost anything for the cybertruck. Since my order will probably take 2 years or so, I've had had many days to think and my excitement for the cybertruck has gone down. Originally, I bought my Model Y as just a place holder to upgrade to the cybertruck 3 years ago. Back then the prices of Teslas held very well. With this price reductions, it really hurts the resale value and now I'm thinking of keeping my Model Y until the wheels fall off. When the wheels fall off then I could get my cyberbeast.
I think Elon reducing prices trying to engage NEW buyers is really hurting Tesla as a brand. They did not do their research and the psychology of buyers. I will end it with this, I am ALL in Tesla, I will never buy from any other car brand again. However, i LOVE keeping my money and the way the tesla market looks, I think I will wait until the cyberbeast costs less than 40k, hahahha it will come that day it seems today and the one thing i learned. When people CAN afford any car, they are willing to wait for the best deal.
Since decades ago, like cassio, radio shark and so on, usually used to used Solar energy to make some everlasting organic products. I was since 2000, 2001 , 2002 until now talking about to used 100% the body of vehicles, piece by piece to builded it as a hardware, hard software to build an organic system generating the solar power supply energy to do everythings like the Ford electric tried to, but except they not 100%Solar power supply energy ! . I urgently, urge to every body who has body to tanking about . To Concluded that can extended life A to Z, from the Ocean to the wirld forest , from the wird to the 🌎 world 🌎, from the world 🌎 every single living life . Full stop ✋️ 🫸 ! . GOD BLESSED THE USA 🇺🇸 🙏 🙌 ❤️ ✨️ ! . . .
Rocket money is legit
We have Tesla to thank for the high performance electric vehicles, and the rise in BEV sales. Cheers
12:01 bounce back , what are you talking about, cars solar battery robots, moon shot wtf
Stock
E'loon has given EVs a bad name, unfortunately. But there is NO denying that they ARE better cars. In reality, last quarter EV sales reached its highest percentage to date: 11.22% of the market.
One company that has 50 per cent of the market wasn't going to last. What's the data say for ICE cars on this?
Wrong algorithm. The question is how long can the disruptive technology last in the face of the disruptor getting cheaper and eventually cheaper than the old Legacy tech? From mathematical standpoint this is already well-established and the higher the cost of the technology the slower the sigmoid curb of disruption runs. But in any case, internal combustion engine vehicles are dead it's just a question of when. Optimistically they may have value out to 2030 but that's not in China or in Europe that's just here
I'm guessing you recently bought the dip?
Nope, never owned Tesla nor will
it's called market saturation. Tezla has run out of virtue-signalling rich idiots. No one else wants one, at any price.
Surprised Optimus isn't forecasted to contribute to Tesla stock value.
Well it’s not a car, and it’s not a finished product yet. Still just vaporware.
@@staleofte3309 maybe if we referred To it as another Nikola Semi They'd get the message? E.g., Optimus "The Other Nikola" !
EVs are here to stay, they need to get cheaper. BYD is doing that. Democrats lost two trillion in market cap because Elizabeth Warren killed crypto. When they recover, everyone will have a new Tesla.
I will be interested in EV's as soon as they find something better than batteries to run them with.
The problem with EVs continues to be the Battery. People are just now realizing these batteries degrade rapidly and cost as much as a new car to replace. You get 10 years if you're lucky, then a $15,000-$20,000 cost of a replacement battery.
Truly clueless and moronic trolling comments. Our batteries of 6 years old have degraded all of 8%. If you buy a car other than a Tesla all bets are off but our batteries will last longer than our cars and probably longer than we do. I anticipate they'll be good for another 6 to 10 years so please get educated and stop posting utter nonsense
Hey Don Jr wannabe, Tesla EVs are literally 1% of what Tesla does. Go away now
It's hard to root for Tesla while Elon is tweeting conspiracy theories. He is alienating his most loyal customer base. As an early Model 3 owner, I'm definitely checking out other brands for my next ride, even though the car itself is solid.
Why do you neep saying Tezla when its Tesla. Elon named it after Nikola Tesla famous Serbian scientist . Nobody has ever called him Tezla.
Oh man, this brings me back. Thanks for watching! :)
Yeah yeah yeah Tesla's just a car company.
Pretty much until we can figure this out how to quadruple our power grid. We already have rolling blackouts on hot days because of energy demand.
A passing fad like a pogo stick or the Segway. You don't need to be an Einstein to figure out these vehicles are a dud. They are a disposable product like your cellphone, thus they will have a very low resale price. They may have zero tail pipe emissions but they are no greener than brown can be. It's all smoke and mirrors because the pollution emitted to create an EV is equivalent to driving an ICE car 100,000 km. And the EV hast even driven a single km. Unless you are charging from 100% green power they do very little to stop pollution. Not a lot of countries have 100% green energy, the USA is near the bottom of this list along with most other countries. Not many people are interested in spending hours at charging points, maybe people with nothing better to do. There is a host of reasons these cars will fail in the end. Give it a few more years and it will be apparent.
That's one of the longest trolling comments I've seen in a long time. Unfortunately it's full of BS, from start to finish. Including the absolutely absurd claim that the carbon footprint of Manufacturing an EV is equal to an ice vehicle having driven 100,000 km. Total horseshit
Cool story.
What else are you supposed to do on a disinformation and grooming platform run by a big brother type spy/come tech company and scam advertiser. They never seem to delete dross comments but they will delete any real prevalent content. I find it easier and better than fishing, you get more bites each time, and don't stink of fish.
Great! Tesla is done 😂
It's because of Elon's politics