Going to be painful for Tesla to endure price cuts, says Craig Irwin

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  • Опубліковано 21 кві 2024
  • Craig Irwin, Senior Research Analyst at Roth MKM, discusses Tesla's recent troubles.

КОМЕНТАРІ • 128

  • @edwudiy
    @edwudiy Місяць тому +113

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      @siegmanted Місяць тому

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      @edwudiy Місяць тому

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    • @siegmanted
      @siegmanted Місяць тому

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    • @edwudiy
      @edwudiy Місяць тому

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  • @SpockvsMcCoy
    @SpockvsMcCoy Місяць тому +30

    These price cuts are killing the resale value of used Teslas.😂

    • @macsweene
      @macsweene Місяць тому +4

      Finally a feel-good news story ❤

    • @user-rw311
      @user-rw311 Місяць тому +4

      The resale value is ruined I've seen 2020 model 3s with 30,000 miles for 16k 😂😂😂

    • @dang2055
      @dang2055 Місяць тому +3

      Good. More people can afford them and the more people you get in seats the quicker everyone will want them.

    • @user-rw311
      @user-rw311 Місяць тому +1

      Byd sells brand new cars for as little as 10,000$ dollars. Tesla will never be able to compete with that. When will these car companies realize that there's more poor people in this world than rich people. The poor people market is a huge market

    • @dang2055
      @dang2055 Місяць тому

      @@user-rw311 A 10k car is trash. Unsafe for sure. Yes there are broke people that would buy that much like people bought ford escorts. You can only sell cars at a loss for so long though.

  • @singed8853
    @singed8853 Місяць тому +21

    The valuation of Tesla hasn’t made sense in years.

    • @brunoheggli2888
      @brunoheggli2888 Місяць тому +7

      The stock should never go over $50 in the first place but people are so irrational,and its impossible to predict for how long the delusion will last!

    • @macsweene
      @macsweene Місяць тому +1

      What happens when someone’s fanbase is all speculative weirdos. Bubble burst soon!

    • @brunoheggli2888
      @brunoheggli2888 Місяць тому +1

      ​@@macsweenesadly this delusion went along for 5year!

    • @VenomSnakee
      @VenomSnakee Місяць тому

      idiots and politicians overvalued it because they tried to force a market trend

    • @markplott4820
      @markplott4820 Місяць тому

      TESLA is UNDERVALUED as Energy company, AI robotics Company.

  • @anthonysmithtube
    @anthonysmithtube Місяць тому +12

    After about 5 years Craig is finally smiling! 😂

    • @donkeychan491
      @donkeychan491 Місяць тому

      He was right all the time... the market was wrong. This thing is going to $50 or even lower.

  • @hadtobe4502
    @hadtobe4502 Місяць тому +6

    Musk snorting too much magic dust and got hooked on cyberpunk.

  • @johnnyguitar2929
    @johnnyguitar2929 Місяць тому +11

    Tesla is headed to $100 and probably lower. This upcoming earnings report will likely be worse than expected and destroy the stock.

    • @mikafiltenborg7572
      @mikafiltenborg7572 Місяць тому +1

      Buy the dip

    • @fuck_you_china
      @fuck_you_china Місяць тому +1

      It’s the buying time! Don’t miss the chance!

    • @markplott4820
      @markplott4820 Місяць тому

      TSLA to $420.69

    • @dang2055
      @dang2055 Місяць тому

      Hope it goes lower so I can buy more. You should short it since it’s going to drop 40%. Easy money so just go jump on your computer. It’s a double dare. 😂

    • @fuck_you_china
      @fuck_you_china Місяць тому

      Buy Apple and Tesla! You won’t regret it!

  • @JohnReynolds-ni5lv
    @JohnReynolds-ni5lv Місяць тому +7

    Tesla still making good profit margins even with price cuts. Can’t say the same about any other EV’s. In fact the others are hemorrhaging.

    • @walden6272
      @walden6272 Місяць тому +3

      BYD has a higher profit margin than Tesla.

    • @Fear.of.the.Dark.
      @Fear.of.the.Dark. Місяць тому +1

      lol others are making margin on their ice cars. I dont see Porsche or BMW losing money overall.

  • @david1999
    @david1999 Місяць тому +3

    EV are cars nobody wants but is the future?

  • @jjreddick377
    @jjreddick377 Місяць тому +4

    Maybe improve the damn battery!! I own a 3 and it gets 75% of the range advertised, and that’s in good weather

    • @markplott4820
      @markplott4820 Місяць тому

      the 2024 model 3 has IMPROVED Efficiency.

    • @tatata1543
      @tatata1543 Місяць тому

      @@markplott4820 76%?

    • @MatteoComensoli
      @MatteoComensoli Місяць тому

      thats not bad at all compared to the competition. plus , the epa is a lab test. not real conditions.

    • @jjreddick377
      @jjreddick377 Місяць тому +1

      @@MatteoComensoli nope. Rivian is superior

    • @markplott4820
      @markplott4820 Місяць тому

      @@MatteoComensoli - EPA for BEV is mostly SELF certified , its a Suggestion ONLY.
      they are allowed to do own Testing per EPA guidelines.
      but, EPA guidelines are DECADES out of date.
      EPA does little REAL testing of Vehicles.

  • @pg8010
    @pg8010 Місяць тому +4

    Craig and Gordon were right

    • @dang2055
      @dang2055 Місяць тому +3

      Except that they’ve been short since it was $12 bucks! Two of the lowest ranked “Analysts” there are.

    • @Tao818
      @Tao818 Місяць тому

      Hardly ---

  • @royed31
    @royed31 Місяць тому +5

    'In a growth market '...........that is the hybrid market not the EV market

    • @reginald7214
      @reginald7214 Місяць тому +1

      Yup

    • @markplott4820
      @markplott4820 Місяць тому

      Hybrids are very CRAPPY cars built on Horse & Buggy technology.

    • @reginald7214
      @reginald7214 Місяць тому

      @@markplott4820 stop aping whatever elon says. Have an original thought of your own. Or just check out hybrid sales globally crushing Bev. Facts won't hurt you.

  • @mopthermopther
    @mopthermopther Місяць тому +3

    People bought the car when it was new. But it’s not new now. The fad is over.

    • @SpockvsMcCoy
      @SpockvsMcCoy Місяць тому +2

      The Model Y is still selling well... but the Model 3, Model S, and Model X have much lower sales than a few years ago.

  • @Gaming_Antics
    @Gaming_Antics Місяць тому +1

    The Tesla price cut is just to show you how much Tesla has been over charging its customers for years.

  • @duynguyen35
    @duynguyen35 Місяць тому +1

    It’s not just a car company….

    • @markplott4820
      @markplott4820 Місяць тому

      TESLA is a Energy & AI Robotics company , who also makes cars.

    • @MatthewMS.
      @MatthewMS. Місяць тому +1

      Amazon isn’t a bakery. It’s a web cloud service that sells donuts.

    • @Tao818
      @Tao818 Місяць тому

      When will the Elon haters wake up??

  • @YesCivic-R
    @YesCivic-R Місяць тому

    yes it's a car company so far as provien at the moment, like traditional ones due to EV is not feasable and maintaining.

  • @chri6393
    @chri6393 Місяць тому

    I hope they keep cutting the X so I can score a cheap used one in a couple years

  • @jesuisrobert808
    @jesuisrobert808 Місяць тому +2

    Tesla needs new models.

  • @davewhite113
    @davewhite113 Місяць тому +8

    Gordon was right about Tesla all along. They are on a dead end road.

  • @RickyLourenco
    @RickyLourenco Місяць тому +4

    one of few great American companies that is envied the world over and these “Americans” do nothing but bash.

    • @Tao818
      @Tao818 Місяць тому

      They envy Elon Musk ...

  • @free-qe6wx
    @free-qe6wx Місяць тому

    Price will be compelling when the Model 3 LR is $25k.

  • @leeedens9497
    @leeedens9497 Місяць тому

    Tesla sales are down because they aren't updating their vehicles to new-gen models and dynamic pricing didn't help, but with heavy updates, the Model S and X are how old (again), the 3 and Y, again major update, Tesla will have to offer things they don't like, the infotainment system needs to allow Apple CarPlay and Google's Andriod Auto, a power sun shades (or at least manual shades you can put up), you see adjustable suspension on the updated Model 3 Performance and I'm guessing the updated Y Performance will be getting it, along with cooled seat, great, FSD needs a major price cut, just to start, Tesla needs to either push the S and X to the large vehicle size spell classification, either way, Tesla needs to make space for a true midsize vehicle models, the 3 and Y are too small

  • @davidk4278
    @davidk4278 Місяць тому

    Bought a put this morning down 30% let’s goooooooooooooo

  • @keithjames1802
    @keithjames1802 Місяць тому

    This guy is a genius

  • @JoseFlores-lt8kt
    @JoseFlores-lt8kt Місяць тому +1

    Can’t wait to buy my tesla at the dollar tree soon

    • @Tao818
      @Tao818 Місяць тому

      Another genius comment ...

  • @user-rw311
    @user-rw311 Місяць тому +1

    Cathie woods is saying Tesla stock will be 1500$ a share in 7 months 😂😂😂😂😂

    • @walden6272
      @walden6272 Місяць тому +1

      And those Tesla pumper UA-camrs also say Tesla will be $3000 by the end of the year. These people are such grifters.

  • @fernc7947
    @fernc7947 Місяць тому

    he nailed it!

  • @user-rw311
    @user-rw311 Місяць тому +1

    Byd sells brand new cars for as little as 10,000$ dollars. Tesla will never be able to compete with that. When will these car companies realize that there's more poor people in this world than rich people. The poor people market is a huge market

    • @markplott4820
      @markplott4820 Місяць тому

      BYD cant sell a $88,000 super car like TESLA can.

  • @tatata1543
    @tatata1543 Місяць тому +1

    All this before the earnings call, there is going to be blood on the walls tomorrow.

    • @Tao818
      @Tao818 Місяць тому

      Wrong again ..when will you Tesla haters wake up?

    • @tatata1543
      @tatata1543 Місяць тому

      @@Tao818 Coming from a muskrat that’s actually funny. Thanks for the lolz 😂.

    • @Tao818
      @Tao818 Місяць тому

      @@tatata1543 Insulting me only validates my position and makes you look weak. Using emojis also shows your immaturity.

  • @teebone2157
    @teebone2157 Місяць тому

    They have to cut prices. They have 2 competition, especially worldwide good job. China, for putting pressure on Tesla.

    • @markplott4820
      @markplott4820 Місяць тому

      TESLA has ZERO competition.
      Tesla #1 in CHYNA .
      #2 BYD , lower priced model than Model Y.
      Tesla model 3/Y #1&2 in USA and EU.
      let that sink in.

  • @Georgia_Buddy
    @Georgia_Buddy Місяць тому +2

    Don’t listen to bozo Craig.

  • @mandelm2001
    @mandelm2001 Місяць тому +2

    This guy just doesn’t know what he’s talking about. What will be unveiled in August will be the prototype for the next gen car that they have been developing. That car can be a robotaxi or a car depending on whether it has a steering wheel and pedals.
    There are parts of the world that won’t accept autonomous cars for a while. This was discussed in detail in Walter Isaacson’s bio of Elon. So the new platform will support both.
    FSD, on the other hand, is on a separate track. It is no longer beta and is in wide release, with around 2 million people trying it out, including me. It is incredible and is clearly on the verge. By August it will be more mature as it is now the largest Artificial Intelligence application in the world. See NVIDIA, whose GPUs Tesla has been buying up frantically for the past year. Tesla now has all the compute power it needs to effectively train using actual driver video.
    And remember, all six million existing cars run FSD and can become robotaxis, either part time or full time.

  • @EbenezerNimh
    @EbenezerNimh Місяць тому

    If Tesla goes down $100.00 a share, Elon may find himself a deep hole he can't get out.

  • @mikafiltenborg7572
    @mikafiltenborg7572 Місяць тому +2

    😂Irwin the 🤡..... 🤦‍♂️🤦‍♀️

    • @Tao818
      @Tao818 Місяць тому

      He's a complete idiot.

  • @aerobibs
    @aerobibs Місяць тому +4

    The comparison between Boston Dynamics and Tesla robotics tells you Craig does NOT know what he's doing.

  • @hiram7474
    @hiram7474 Місяць тому

    Go Tesla!

  • @aware2action
    @aware2action Місяць тому

    Wait until Tesla applies its AI tech to driver safety monitoring. No one will be able to beat Tesla, because, they already have two FSD cpu's in every car sold, apart from the humungous driving data needed to create a sophisticated model. Interesting part is, they don't need a regulatory approval, like in case of FSD. They will takeover the entire auto insurance industry with ultra low premiums. Only Tesla cars with an FSD computer will be qualified 🤔. For this to happen, Tesla should also become a real insurance company🤞.

  • @sarabeth8050
    @sarabeth8050 Місяць тому

    The market has collapsed for EVs so Tesla will have to cut until it is no longer profitable to sell cars. $85 per share is still way too high for a niche car company. Maybe $12/share is reasonable. Their cars are already too stale for the mass market car buyer.

    • @TheMagicJIZZ
      @TheMagicJIZZ Місяць тому

      The market for EVs will be collapsed lmao? It's growing

    • @markplott4820
      @markplott4820 Місяць тому

      in Q1 2024 BEV sales still UP over 2023. plenty of BEV demand.

  • @rubberduck6543
    @rubberduck6543 Місяць тому

    Run

    • @Tao818
      @Tao818 Місяць тому

      Yea ...run from people who know nothing about Tesla .

  • @hyp-o-crite-
    @hyp-o-crite- Місяць тому

    why would tesla need factory in india they can just ship from china

    • @SpockvsMcCoy
      @SpockvsMcCoy Місяць тому +1

      India is much poorer than China.

    • @mohitrajan6919
      @mohitrajan6919 Місяць тому +2

      Import tariffs imposed by the Indian govt on foreign made cars.

    • @realnapster1522
      @realnapster1522 Місяць тому

      Indians don’t want to drive Chinese cars.

  • @teebone2157
    @teebone2157 Місяць тому

    It's a shame China already has these self driving taxis in certain cities and we are just starting LO. L they've had it for 5 years. Why the hell is the US always behind?

  • @Tao818
    @Tao818 Місяць тому

    Irwin has got to be one of the dumbest analysts on Wall Street. Saying stupid things like" Toyota has anything that Tesla does" Except better cars, mountains of data and FSD. Toyota just lost 50% of their market in China ...a sign of things to come in the US.

  • @MatteoComensoli
    @MatteoComensoli Місяць тому

    this have aged poorly

  • @cpangws
    @cpangws Місяць тому

    Tesla ROBO Taxi will not make Tesla Stock move as Waymo already is level 4 driverless operating Taxi and it did not drive Googles stock up!