TEARDOWN OF TESLA Q4 2023 EARNINGS
Вставка
- Опубліковано 8 вер 2024
- An in-depth breakdown of the live earnings call from January 24, 2024, complete with all the callbacks from the previous year that you need to put it all into proper perspective.
Support future CSS Productions at:
Www.Patreon.com/TheCommonSenseSkeptic
Musk is just perfect in these calls. He just told everyone no automaker is interested in Tesla FSD and that they all think it doesn't work. He told everyone that the robot is useless and they can't figure out a way to make it useful in any way. He told everyone they won't expand their production. Then he told everyone he might leave and take 'his' AI tech elsewhere. Just gold. People should just short Tesla stock evry time he does one of these calls.
@mipmipmipmipmip Haha true!
There are lots of valid criticisms of Elon Musk and Tesla. But one thing you cannot take away from him is Tesla is the first new car company that at least so far is still around since Tucker which was an unmitigated failure. Tucker barely avoided jail and Delorean ended up selling cocaine to keep the company afloat for just a short while and ended up in jail.
Musk singlehandedly led the entire American car market over the cliff of EV as inventories build and auotmakers quietly shut down EV lines and increase ICE lines.
If i knew anything about "stocks," "stock options" and/or "trading," I'd definitely short Tesla.
😂I know what he can do with his robots. 😃
@@tdylan You would lose all your money. Shorting stocks is not for the faint of heart. You can lose a LOT of money shorting.
I disagree that this content is “for educational purposes only.” It’s also highly entertaining.
Haha lol yes
Yeah, the comparisons between what he says now and what he has said before is LOL funny. Thank you very much CSS!!
Yes, should be part of the intro
Not if your first name is Elon ;p
When musk says there are over 3 million reservations on the cyber truck i think that's accurate, in that over 3 million people have doubts or hesitance about buying one
😅 Love it
FUCK do I wish I could convince my roommate to cancel his preorder...
Given that CyberTruck is not legal to sell in most overseas markets, that means about 1% of the US population has a reservation. Seems…unlikely.
3 million would be the people who put $250 down on one its a worthless metric
Would the $300 million in Cybertruck deposits have to show up in the company's public financial statements?
Baffling how so many investors continue to fall for Elmo's super obvious scams and repeated lies.
They still fall for the *Uniparty Trump/Biden nonsense. 😢
It’s called gambling addiction. Maybe his next one will be the big one…
It's just sunk cost fallacy. They put so much money into Elon that they can't stop now.
There are a massive pool of suckers and dupes to feed the pumps
I pointed out he is a liar beneath one of his fanboy videos. But I assume one of his 'free speech absolutist' acolytes must have complained. My comment got removed.
Tesla FSD: "Hey Google, should I turn left, right or run over the pedestrian in front of me" 😂😂😂
"No. Go straight a run the Granny over".
Nah, since it depends on visual recognition because it only uses camera's, expect something like this:
Camera (C): "Captain, there's something straight ahead of us and we're on a ram-course."
Software (S): "Well, what is it?"
C: "I don't know, I can't get a sharp picture of it. Shall I take evasive action?"
S: "No, you first have to determine what is in front of us."
C: "Captain, I still can't make out what's ahead of us, but if I don't take evasive action now, we're going to hit it."
S: "I don't give a damn; I want to know WHAT is ahead of us before I decide what to do."
C: "Captain, it looks like we just ran over a pedestrian."
S: "Damn it C, why didn't you warn me sooner?"
Rest of the world: "The sheer stupidity of using visual recognition to decide IF the car should take evasive action is mind-boggling."
My process to convert lead into gold is progressing nicely, it's still a long shot but the rewards will be incalculable.
And it will be ready next year, right?
@@toweypat Some time next year, to be precise.
@@brendanpells912 Fabulous, *take my moneeee!*
At this point, you know more about alchemy than anyone else in the world.
Please keep us informed.
What’s even the point of asking when to expect a product delivery. It’s always “next year”
Yeah, but he is much faster than Fusion. This will only come in 2 decades 😂
Musk might as well say we'll have flying Teslas ... next year!
@@winterhaydn I’m sure he’s saving it up his sleeve for the right moment
You forgot that he always caveats with the phrasing "I fully expect..."
They're doing the old Blizzard "it's ready when it's ready"
Even if Optimus wasn't a scam, nobody wants a half million dollar humanoid robot that isn't wearing a Realdoll skin. There is no advantage to giving a robot legs, not in manufacturing, not in housekeeping, not even in driving.
realdoll skin loooool
tesla fanboy be like: "its going to be real in 200 years, youre just a hater!."
That’s hilarious…. And true
Boston Dynamics has some cool robots.
That's not true, legs can give a tremendous terrain advantage if they're designed right. I definitely wouldn't look to Tesla for an example of legs designed right though.
32:02 Why does Musk believe that over-the-air updates from a central server would be an unacceptable security risk for Optimus robots but not for Tesla cars, which he refers to as “robots on four wheels”?
You are talking about a guy who once said that "AI poses a major threat to humanity" then immediately starts -building- copying his own AI tech. King of contradiction.
@@onsokumaru4663 he was just trying to slow the competition down because he knew they missed the boat and were behind
I like Elon admitting to being unable to work for a business he doesn’t control. Thanks for confirming one of the classic red flags
Like seriously 😂
it's like admitting "I can only work in a company that can't feasibly fire me for incompetence".
I think he learned from a certain experience...
I'm convinced that tesla have a Men In Black division working for them. Somehow people have forgotten about that roadster they put $50k on. Memory wiped.
It seems, Elon has his own psy-ops department - any negative news feed is countered with so called horizontal connections on social networks (and any positive is multiplied by them). Right now judge scrapped Elon's plans on $56 bln payment and in minutes literally every single social network media alongside meme sites are reposting Elon's twit about "first neuralink implant has been installed" - and no one in comment section is questioning credibility or even mentioned any negatively colored news like this. Of course there are musktards - a lot of them - but such people rarely possessing treat like self-organization on such level on their own due to a their IQ been mostly in binary digits.
Preparing some pop corn for this one ... using snake oil for the extra crisp. 🍿
I squeeze my magic beans to make my cooking oil (that sounds dirtier written down than it did in my head)
Please do not spoil pop corns with snake oil. Yuk! 😢😊😊
😂😂
"Extra crisp" -- idk why but that got me laughing more😂
yeah thats gonna have a bitter after taste
@@johntaphouse5235 That's why you sprinkle it with sweet little lies
LOL! "Optimus is the most sophisticated humanoid robot anywhere on the planet", I very nearly pissed myself laughing at that one.
Whenever I hear the opening song I crank up the volume and start bobbing my head. I just know it's a good day.
Isn't it?
Oh, I've been dropping MDMA. Whoops.
Me too. It’s so good when channels don’t use YT royalty-free toons
Indeed. I like t/foots outro music. Like smack down and then can have a little dance after.
The era of EVs early adopters is over.
Now Musk pretends Tesla is a robot company
He will pivot all the way to behavior control brainchips via Neuralink (infinite money glitch) until investors finally get fed up
As with his pale uncle in brain, only nature will fix the glitch. 😂
The fan boys think it,s the most advanced bott ever built 😅
@@macalister8881 Transforming Tesla confirmed!
@@grantoden8242 transforms into a paper weight
When he said Optimus would ship next year, I got a bingo on my earnings call bingo card.
Everything at tesla gets delivered next year, whether it's a tesla roadster, semi, etc.
Whoever actually believed that they would be able a buy a Tesla humanoid robot at an affordable price one year later from Musk's announcment will clearly believe anything. I have a bridge in Afghanistan to sell them. I can let them have it real cheap. All they need to do is deposit ALL their money in my bank account and it's all theirs....😊😊😊
I remember (I think in the last earnings call) that someone asked about Musks 10y projection and that the numbers would mean 50% growth year over year. He then answered that 50% are not possible for a company of this size.
As seen before, he cannot even get math together, that would be of German 8 grade style.
regarding optimus shipping "some number of units next year"...technically 0 is a number, soooo..
Also, merely moving something from one location to another via a parcel service is also shipping
@@InfernosReaper😂😂😂😂😂
It is within the realm of possibility.
They sell 1
To him mom
Best part was when the programmer from Twitter/x told Musk what a "complete rewrite" means... 😅 that throws mr. techno king in the grinder
remember Musk wrote a program that was so bad it had to be totally rewritten to be useable
which means he never actually wrote a video game himself, had he done that, he prob wouldn't have thought such a thing
Always a good day when there's Skeptic video
Too true!
Ive been sceptical of his great muskness for years (it started with the Thai rescue submarine bs). I actually listened to bits of the q3 & 4 calls and was staggered at the "this time next year" level of detail. The man is a fraud. Thank you for the precise and witty commentary.
Better late than never....I'm referring to your arrival at the "my eyes & ears are wide open" party👋🥳😁👍
When I was graduating college in 2012, I couldn't understand the business structure of a company that takes money from customers then increases the price when they deliver months to years late. The legality of it all. But investors dumped money into its stock. It's shocking to watch it all crumble a decade later when he should have been in jail before they delivered the first Tesla.
I was such a fanboy until I found this channel
Thank you for being mature enough to change your opinion when presented with evidence to the contrary! The world would be a better place if more people could be like you! 💪
It's hard to not get excited about what he promises. We all want the slick techno future. Unfortunately it's hard to step back sometimes and think critically about our dreams. It took me a while before I started scratching my head, wondering why some of it just didn't make sense. Then I started seeing Thunderf00t producing videos debunking the techno Jesus and a few years ago I found CSS videos on Starship to Mars debunks. That's when the nagging feelings in the back of my head became clear on Musk.
@@ericgulseth74that’s exactly how I felt when I first came across the whole hype around musk and EVs being that at one point in the distant past, they probably were at the forefront of the design race in the EV world.
I almost tipped headlong into fanboi mode but once I read about what he did to the true founders of Tesla (Eberhard & Tarpenning?) I was shocked and disappointed. I know business is full of folks like him (&that’s probably why I’ll never be a billionaire) but I could never look at myself in the mirror knowing that I’d shat on a range of people to get “ahead” and win power and influence.
Your comment really nails it.
@@mhoppy6639 For all the things he's done wrong, he's been able to position himself to make more money than I'll ever see. So good for him?
I'd also say, in the spaghetti on the wall way, he's oversaw some positive things, like making EV's part of the conversation and Falcon 9. Of course he'll probably destroy them too in the long run.
@@ericgulseth74 absolutely right. I hope ultimately the good stuff outweighs the rest of it
Seeing through the mass produced hype is very enlightening. Excellent presentation and dissemination of the bullsh*t that is Elon Musk.
My understanding, is Tesla don't pay dividends - So you buying their stock is purely on the basis you expect it to go up. With how ridiculous it is over-valued, who is seeing this as a good investment? I am not economist, but I don't see the appeal at all. It seems they all just FALL for Musk.
Nice, can't wait. Btw, my local newspaper's YT channel posted something about Neuralink having transplanted something into a human today. Maybe more stuff to debunk soon.
Follows the pattern. Every time the Tesla Stock is going down Elon "invents" something new too fool the shareholders that he's a genius.
My guess is that Elon will "invent" fusion reactors and quantum computers soooon.
It's reported on mainstream media all over the world.
Why? Because most so called reporters don't filter anything and just take marketing BS as news.
When you look at the 'details' you'll find that there are none. All they have are 'claims' by Elon of what it "will" do (as in what they hope they can make it do once they have figured out the actually technology, made it, tested it, refined it) but not what it can actually do. In short, Elon is trying to get more funding because he can't be bothered to actually put his money where his mouth is.
@@fredrik3685yes just like everything else, it will be ready “next year”
@@fredrik3685 Exactly! So predictable.
That alone puts him up to 90's tech. The real challenge is in making the implant stable long-term. The human body does not like having metal bits inside it.
I REALLY must thank you guys though..
Because my little brother is such a huge musk fan -- I used to keep up with the tesla earnings & whatnot. (He has stocks in tesla -- the "works")
Now I don't need to -- ALL THANKS TO YOU, CSS ❤❤
THANKS A MILLION ❤
OMG, it must be terrible seeing a family member go through something that you already know in advance, is only self destructive.
If only he'd gotten into drugs.
So sad.
Of course we can only help those that are willing to be helped & there's never enough places compared to the the number of people that need help.
Thanks for listening to this genius so we don’t have to. That’s really taking one for the team!
They're doing god's work for sure. Listening to just that one section of his unedited pauses and splutters was excrutiating.
Though, trusting someone entirely to tell you truth without unbiased opinion is dangerous.
You should always be skeptical.
It is frustrating to have to keep saying 'the king is naked!' while the crowd around marvel at his invisible imaginary clothes but thanks to you and your hard work a few more in the crowd are beginning to notice.
I dig your detailed analysis. Just like Thunderf00t. *_SUBSCRIBED._*
Also *Adam Something* channel
Thanks and welcome
@@onsokumaru4663 in this house we stan the Hungarian cat man train enthusiast!
That bingo card was missing “orders of magnitude”
To fit all the bs it would need to be this much bigger
I am just so glad that I did not invest in the Mumble King. Thank you CSS for the due diligence and excellent analytics.
Mumble King!
@@Xen_sama Clearly, Elon missed out on being part of everything that's wrong with modern rap
TBH I wish I did the grift would’ve made you rich in the beginning
The joke about the master of coin got me unaware dude xD
The amount of critical thinking and forethought in one minute of a random CSS video has more business acumen and technological savvy than anything I’ve ever heard musk say.
Oh snap!! I totally forgot about this. (Saw the community post)
Total "savior" --- current politics in the US is beyond frustrating -- so THANK YOU for the MUCH NEEDED "interruption". 😂❤
I hope I live long enough to see Musk's fall... Thanks again CSS!
I think this a a good reason to stay healty and alive,just to see the shitshow!
Can’t wait for the New York’s times “The bust of fraud Musk.” You gotta love how media try’s to portray itself as the saviors of enlightenment and knowledge when they make the wrong people rich and famous over and over again
"This might happen at the end of next year" .... sooooo soon...😂
Unfortunately, Musk has reached the point of "too rich to fail". He'll never get poor, let alone go to jail
Another great video, addding a comment ofr the YT overlords in the hope it pushes this channel up the ranks. Was here when you had a couple of thousand subs, now see you've broken 100k. Deserve much more and looks like you might get there. Keep up the detailed and high quality analysis. It's a lot of fun to watch.
One thing that should really worry TSLA owners is China. China has made it illegal to bring any Tesla vehicle near any government buildings. Anyone who needs to do business with the Chinese government will not be able to use a Tesla.
Racist fantasies much? Save it for the Trump Rally 😢
Maybe they watched Leave the world behind Tesla car crash scene.🤔
It's weird to think that Musk bought Twitter for over 40 billion somehow but Japan is buying U.S. Steel for around $14 billion.
I don't know anyone who uses Twitter, they think its a joke but I do know a few who were duped into buying a Tesla. One old guy got it to help him drive better as he has a phobia for accidents but he says its a nightmare with all the notifications, bells, whistles and the nightmare of charging it. He said it makes driving worse and scarier than it already was for him.
Twitter has half a billion active users. Credit where it's due, he did the world a massive good service by restoring free speech and exposing censorship and the related government collision. It is a massive platform. And there are an obscene number of Teslas on the road. I despise the cars, and his constant BS on hyperloop etc. But don't become irrational yourself.
@mipmipmipmipmippeople were being banned for their speech, and he brought them back and ended those policies. He also released docs showing how the government collided with Twitter to suppress news stories and discussions of COVID and vaccines.
@@bobbym6130lol not any more it doesn’t. And so what.. most big advertisers don’t care anymore. It’s bad publicity or not useful anyways because of the exodus. Wow.. blah blah blah billions of people.. still losing money when you can’t sell ads for more than your overhead costs. Same with Tesla, selling a bajillion cars at a net loss, or a net loss after subsidies are no longer involved, is still losing money. Wow, super smort, continue to lose money even though you have a large share of the market! 😂
If yall were as smart as you think you are, you’d realize all of your reasons only support him being very poor at running businesses, and only successful at pumping and dumping. The one company you could maybe give him credit, Tesla, wouldve long been defunct without govt dollars for many many years.
A failing business model is still a failing business model, no matter how many people buy or use your product. VC and govt $$ doesn’t last forever.
Which is where we are now.. and things are not going well for any of his companies. lol
Donnie just got a bill for not understanding the difference between „free speech“ and blatantly lying.
@@bobbym6130I too used to be a believer in absolute free speech. Then I grew up, and realised that without some level of moderation such an approach just turns any large community into a cesspit. The most horrible people always get the most attention until all that's left are edgelords posting racist memes and half-jokingly calling for genocide.
I’ve subscribed when you only were about 3000 thousand followers, and I’m so happy that you’ve grown so much . Kudos to you. CSS ,you deserve so much more from everything that you do so diligently.
I love how CSS learns more about Musk's projects, than even Musk himself knows, just by hating on him so sincerely. Hats off to you sir
Worst part is that Tesla glazers will see this and still justify every single scam and lie
I am really glad I was watching the part of this talking about Elon’s ownership in Tesla exactly when I get the push notification that a judge ruled Elon’s $55 billion pay package as being illegal.
I wonder what this means for his ownership. Is he going to have to give back the associated shares?
Waited for this one brother, when Musk and the other guy couldn't agree whether Optimus is absolutely useless or not was hillarious
also 👍 for thunderfoot shoutout!
That's how I found this channel. I've never missed a video and have watched some at least twice
@@gomahklawm4446 same
I know it’s a lot of work for you guys to make these videos but it’s important to have this channels to add reason to the public discourse. We as viewers need to remember that it’s the ideas and not the people or the channels that should be held in high regard. Objectivity and accountability is paramount and we need to maintain those standards.
"You could have a chatGPT 3 or 4 running [in your car, when you're away from it], so...."
Clearly, he has no fucking idea what chatGPT does.
Maybe he thinks the cars will write the next sci-fi books he can crib dumb ideas from while they're parked?
@@ChristopherSadlowski Interesting, but that's already a dumb idea-- but an original idea, so where did he get that one? Optimus?
Long time viewer here, just wanted to say great video as always. I'm just little curious are there other business conmen (particularly those in the medical devices industry) your team would like to cover in the future? Conmen similar to Elizabeth Holmes, and her faulty medical device. I'm a recent biomed engineer graduate and we had to learn about her in our regulations class. I know this channel covers a lot more mechanical than medical but there was no harm in asking about medical. Thank you for your time reading my comment and have a great rest of your day.
When we revisit Neuralink in the future, your input might come in handy. Watch the Community page for when we call for people with experience in the field.
"I'd definitly buy my own product because its a good idea."
Imagine coming up with that line on dragons den.
I legitimately get excited when I click a video and the CSS theme song plays
Yeah, love the idea of my car being used for processing power while I’m driving down the road. I’m excited for orders of magnitude.
I don't know, I just learned Seti@Home just quit 😢
You'll have your Tesla connected to the charger all night, but in the morning the battery will still be nearly empty because ... Elon thinks it's a great idea to use the computer in your car all night for his own needs! 🤣
CSS, Thunderf00t and Adam Something make my day brighter
10:44 Didn't they already raise the price significantly? Not even counting the $20,000 "Foundation Series" increase. Gouging a gouged gouge is too excessive even for Tesla, apparently.
Same day the first neurolink transplant, will you do a video on that when more information comes out?
No problem. We'll just read the coroner's report if Musk's claims are exaggerated.😮
Elon will make human-bot soldiers next, yes Elon Musk has claimed his Neuralink company has successfully implanted one of its wireless brain chips in a human. The redundant ones will receive an offer from the Neuralink company lot of new human-bot soldiers will be made problem solved.
Musk’s grandfather J. N. Haldeman, whom he presents as a risk-taking adventurer and whose politics he dismisses as “quirky.” In fact, Haldeman was a pro-apartheid, antisemitic conspiracy theorist who blamed much of what bothered him about the world on Jewish financiers.
36:04 that picture is soo good
I own a Tesla and I still love this content. =)
(No, I did not buy FSD)
FSD beta
I like the part where Musk gets mad when asked about stack. Highlighting he doesn't know what he's talking about.
@mipmipmipmipmip at around 23:00.
Blatant. It's rare that Musk's schtick is ever picked apart and challenged to his face and he obviously doesn't like it.
🤣🤣🤣 Was perfect. The guy laughing at his daft words is priceless - did you notice how "er, um the, the ,you see,ah em,it's like you .for instance, er, em, uh , uh" Space Karen became in that section?
It's absolutely wild listening to company representatives in an investor's relation meeting speaking the same way and with the same amount of evidence as Crypto scammers.
That Joker bit was the best part of that show
If you haven't watched the Harley Quinn animated series yet (All 4 seasons of it), you're in for an absolute treat.
@@peglor Because of that scene, I've seen the show.
I found the characters to be kinda hit or miss and things generally work out a little too easily for Harley, but it's overall fun.
The Joker family dynamic and Bane's pasta journey were some unexpected high points
@@InfernosReaper That pasta maker truly was the gift that kept on giving 😀.
I rarely get a notification for your videos now. What can be done about this? I enjoy your journalism very much! Thanks!!!
Do the bell to overwrite algorithm
6 and half hours oh my. I hope I won't forget.
I just set my alarm. Can't wait.
The UA-cam app can set a reminder.
Thank you CSS for your excellent videos .The cult of Elmo is falling apart hahaha.
you should have left the full answer regarding optimus in the video. it was just so funny how he talked about walking into the lab. really showed that he has no idea what is going on at his company
Can't wait for you to cover neuralink
Elon will make human-bot soldiers next, Elon Musk has claimed his Neuralink company has successfully implanted one of its wireless brain chips in a human. The redundant ones will receive an offer from the Neuralink company lot of new human-bot soldiers will be made problem solved.
Musk’s grandfather J. N. Haldeman, whom he presents as a risk-taking adventurer and whose politics he dismisses as “quirky.” In fact, Haldeman was a pro-apartheid, antisemitic conspiracy theorist who blamed much of what bothered him about the world on Jewish financiers.
Watching this to get in the mood for starting my UK tax return.
Finally, another video .thaaaaaaankyou. CSS
Same day as the pay package rescission! Impeccable timing!
Hello from Sweden. Can't wait....
Love your videos. Keep fighting the good fight
and if a bird shits on ya cyber truck you need to immediately wipe it of because of ''rust''...
He needs seed money or a pay out from any new or stagnant existing company source to save twitter. Steal from Peter to save Paul. He’ll be asking anyone for money, but that money won’t go towards what it is intended for. Nobody would give him money if he said truthfully, I need the money to pay that twitter loan and interest.
Maybe he can hire the president of Ukraine. He'll be looking for work soon. "Give me money.. 🤕
He’s probably trying to bail out SpaceX more than Twitter.
@@amicaaranearumthat too.
Than, you for the rational analysis
Those guys dunked on Elon in that Twitterspace in the nicest way possible.
Hello from Brisbane Aus. 3:30 Am for us.
Best intro music on UA-cam.
The Dojo system at 17:22 is literally just a rebadge of Cerebras Wafer Scale Engine. It's not even Tesla tech.
Proof
Engagement comment for your new Enron Muskinghouse content.
Great work, Team CCS. This one was a neat smackdown.
Great breakdown of what was and was not said. Thanks from Australia.
I figure we have to crank up the volumce since Musk wasn't too confident with those numbers hanging above^^
IF I am not mistaken they were only saved by Tax cuts? (again)...
(yep, video confirms the ONE article i read about that... apparently not many bother to report negative stuff!
but having Musk go to Ausschwitz for PR makes ALL his bad deeds seemingly forgotten cause 'bad people wouldn't go there' ... yeahhhh...
I should explain them 'wolf in sheeps clothing' sometime (and follow up with a lost of people he gave back their Megaphone (f.e. the Tate's...)
Counting on Trump? 😢
@@richardscathouse
He certainly does.
But by now he insulted the left and right plenty- biting the hand feeding him
31:00 I can't believe I'm saying this, but I agree with Musk
Tesla should have had a dual class share structure at the time of its incorporation. It would have given due voting rights to its *founders* (Martin E and Mark T) and protected them from *investors* such as Musk.
Fair point!
22:30 damn, your editing made me completely forget that musk sounds like a heavily scratched disk
Oh boy, am I looking forward to hearing this one. If it's anything like the last two parter, I'm sure it'll be just as, if not more, informative. Keep up the good work.👏👍
to quote a genious of our time: "So it's like on average, if we were to use the cost by one penny, a billion dollars. What!? You know, when we started off, you know, when that line go, that we're only making 10 cars a week. And yeah, where does it lead ultimately?"
I hope he will cover the fact that Tesla's rev is still showing a yoy growth is due to a $5.8Bn tax benefit. This is a one time credit for all prior year losses. Tesla underlying profit for 2023 is $10.8Bn vs $14.1Bn for 2022. Someone has been raiding the piggy bank to prop up the number.
Also, the tax rate in China just went up by 10%. The local Shanghai government granted Tesla a corporate income tax rate of 15% for 2019 through 2023, compared to the typical 25% rate in China. Starting in 2024 Tesla factory in Shanghai is required to generate CN¥2.23 billion of annual tax revenues. That's +/- $360m USD minimum from 2024 and on, unless Tesla wants to give back the hundreds of millions of subsidies it got from the Chinese government. Give some context of how much tailwind Tesla had but still ended up these meager results.
percent units. not percent.
Thank you! @@henke37
Really makes you wonder about the rest of their accounting practices doesn’t it?!
One thing that gets me about Musk's claims of his cars being autonomous robots is the fine print included in the smart summon feature. That they can't always distinguish oncoming traffic, road markers, pedestrians and should only be used when the driver is in a position to react instantly. Meaning that the only time Tesla says you should use the smart summon function is when you are already in the vehicle you are intending to summon... That is not autonomous.
Skepticism? Do I detect a note of skepticism? How can you be skeptical of musk when he uses words like biggest, highest, soonest, best, most, dominant, strongest, better, world class, largest, gigantic, genius, richest, fastest, and other great words over and over and over again for no apparent reason?
In the future I guess Optimum can turn while walking! Sounds crazy of course but in the future some time....
Imagine a Boston Robotics dog jumping around Optimus 😂
BTW, doesn’t that word have the meaning of „the best we can do“ ?
Still amazed at your patients with these mind melting people. Thanks for doing this.
35:20 This technique is called "telepresence" control.
It's a "cutting edge" tech from 25 years ago.
The big irony is that this application works best for robotic surgery, like Intuitives "Da Vinci surgical system"
Which looks nothing like a humanoid, btw.
I managed to start shorting TSLA almost exactly at its 52 week high, that was hella good timing. I cant see it ever going back to 290, and Im not ending my short until its valued at what its actually worth.
Frankly, its a shame I only had £1000 to short with!!!!! Still, im gonna make a relative fortune...
Seven hrs😟. I'll have to watch it after work tomorrow. Hello from Newcastle Aus
CSS, I must complain at your near fanboi level hype when you described the Optimus demo as "unremarkable." The word I think you meant to say was 'omnishambles.' 😉
Thanks for another great video.
Agreed - CSS methodical dismantling of this clown is always entertaining. I have to believe that he is aware of these posts and probably hates it when he knows CSS is further exposing him and his absurd promises. Also - LMAO by the way on "Mumble King" moniker - too damn funny.
Wonderful timing getting this out the same day as the courts ruled that Musk's thirty two billion dollar compensation package was not justified which looks to cost him over sixty billion dollars.
I've noticed that Musk loves to talk in buzz words and when asked to define his BS he begins to stutter uncontrollably before insulting the questioner and shutting down.
Way back in the 80's I was in a IT meeting and the CTO kept repeating TCPIP in every sentence. Finally I raised my hand and asked what is TCPIP. He did the same as Musk, stuttering and stammering before insulting me and ending the meeting.
A total rewrite should ALWAYS be the last desperatel option to consider
Terrific. Thanks for the great commentary and analysis!
21:36 how do you not have "Order of magnitude" on there. It's got to be one of his top used
22:05 OHHHHHHHHH I SAW THAT! *IT WAS SO GOOOD!*
Ian is my hero! -and all it took was the most basic level of pushback! It wasn't even a trick question!! Just
Just disappointed the guy holding the space booted him. Should have left Elon to fumble around and expose how little he knows about how his company actually works.
@@surfmanfishI think Elon achieved that one 😂
He couldn't answer not a single question and resulted to name calling because of it!
And the one asking was a Twitter engineer aka the site Elon bought and instantly claimed to know everything about! Like when he said he can read PRINTED code and get the implications!
... besides; pushing this giant Baby just a little harder he'd left the call.
He can't handle though situations why he moves all assets to Texas because MommyTexas holds little Elons hand- and all it took was one meanie.
Pathetic is Elons second name.
They SERIOUSLY said their bot is USELESS at the stage it's at in an INVESTORS call. They're not only incompetent at producing anything with any kind of quality, they also have no idea how to appease shareholders. I now understand why Tesla's shares fell so hard in value in recent years.
To be frank, it's never their goal to appease shareholders.
I disagree - part of Musk's spiel is to promise everything the shareholders would require or dream of (like 100% ROI risk-free investment in robotaxis, convoy technology in semis, full FSD next year, etc.) to keep the current shareholders and to reel in new -suckers- investors, he is just bad at keeping the quiet parts from being spoken aloud during shareholder meetings.
@fortissears5388 why then would he, on numerous occasions, urge shareholders to sell tesla and tell them to not own the stock if they care about quarterly results. I mean tweets like, "bankwupt" don't seem to fit in the "tell shareholders what they want to hear category" imho.