It’s kinda funny to me how often people still make this mistake ^^ obviously I love the TLDR Team anyway if not more cause they’re trying to change things up a little as they’ve said
I was a HUGE Musk fan for years and dreamed of buying a Model 3 someday... that all changed within the last 2 years when I began see his mask slip... 2 weeks ago my Kia Niro EV was finally delivered and I couldn't be happier that it's NOT a Tesla.
I'm still an Elon fan but Tesla has always been a mediocre car. It would only be worth caring if it achieves full self driving which we still don't know if it's even possible.
I wanted a Model S since the early days and even a Cybertruck in 2019. I even defended Musk to my family when they said ALL billionaires were bad. I no longer want any Tesla and I have conceded that Musk is just as shitty as the other billionaires. Musk actually pushed my politics further left as his antics caused me to read a lot and the more I learn, the more I realize how bad neoliberal (that's Reagan/Thatcher/Mulroney style politics) has been in the past few decades. It's eroded our societies and our standard of living while enriching the top 0.01%. Can't go along with it anymore. Nothing trickled down. Everything evaporated up.
Well said! I absolutely agree... He was just able to deceive the masses about who he is, for a little longer than the other billionaires out there. 😎👍🏼
@@YusufGinnah I suspect what we are seeing is Musk's neediness. As much as anything, many of his latest issues appear to revolve around his obsession with playing to fan boys, and that isn't at all smart.
@@rfwillett2424 I agree. I've also been guilty, previously, of assuming that intelligence trumps the ego, but he has proven that money can't buy you sense... Common or otherwise...
@@YusufGinnah Funny how similar to Trump Musk has ended up being. Perhaps that similarity comes out of his narcissism, stll not sure about the malignant part in Musk case. But there are still more differences than similarities I think, probably driven my Musk's intelligence. But your right, Intelligent or not, there's bugger all common sense to be seen in Musk's behavior.
i think one thing that more electric car manufacturers need to take into account is that the absolute monstrously massive majority of people own pre-owned cars, some of which are older than 20 years. If car companies want their electric alternatives to take over the market, they must first get their vehicles into circulation.
Yeah, and it's somewhat unlikely that that's going to happen anytime soon. For one electric cars are significantly more expensive and thus will also be more expensive pre-owned. And for another, it seems that many of them are actually more sturdy than traditional cars, which may motivate owners to keep them longer, which will reduce the amount available for purchase used.
@@Trekki200 "are actually more sturdy than traditional cars" i beg the differ. they are heavier which complicates all aspects of maintenance nad longelivity. likewise, batteries arent really renown for longelivity, suffering a rather rapid drop off after a few years, whereas combustion engines tend to last decades. Hybrids are likely going to be the future until better options prop up. affordable options.
@@boarfaceswinejaw4516 EVs just don't have many of the moving parts, that might require maintenance on a combustion vehicle. While you do lose battery capacity over time, many modern EVs will still have over 85% of their battery capacity after a decade. And replacing the battery isn't that expensive, at least compared to buying a new electric car. Finally with combustion cars, they require significant love, money, time and maintenace to last decades.
@@plainText384 i mean, obviously a brand new electric car has greater longelivity than a 20 year old volvo or 30 year old volkswagen. but the fact is that its generally cheaper to buy one or several used cars, take all the best bits from each of them into a single functioning car, and then sell the scrap. And even that process aint too hard as long as you know either a mechanic, a boomer or are willing to apply 10% of the level of pedantry that the average "build your own computer" type person does when assembling gaming hardware.
@boarfaceswinejaw4516 I have had my Leaf for six years now- I have spent zero on it in all that time- aside from a new set of tires. The battery is exactly where it was in terms of range as when I bought it 70,000 kilometers ago. The brakes are still at 75%. This thing just seems to be ready to last forever.
@@Emanuel-jr2ii my guess would be Elon Musk himself. Tesla cars might be good, but for some, buying one would be like supporting Elon Musk and that's a big no no.
@@forgivemanmokgomola5618 In the early days of Model S, X and even 3. Yes, 100% the build quality was not on par for such an expensive object. However, much of the issues have been resolved over the years. What has been the last time you have sat in a Tesla?
One area that this hasn't addressed is the self driving capabilities. There have now been several fatal accidents caused by the self driving mode. There were also multiple reports of it behaving and acting erratically with it randomly breaking and accelerating. Now the reason why this is potentially a big problem for tesla is that they have rushed this system out way before it was ready. If this can be demonstrated then they could be in some serious legal trouble with potential prison sentences handout and these can go all the way to the top.
Yes, this nearly killed me on the M2. I didn’t even have the bloody auto drive assists on, not even cruise. It saw some kind of ghost and mashed itself into a halt from 75mph, no time or control to even move into the hard shoulder. And then it glued itself in an open motorway lane for 20-30 seconds before giving me drive again. The repair? The online service support did a diagnosis and updated the issue. Didn’t even tell me what it was. I’ve driven thousands of miles on lane and radar cruise on dozens of different cars. And none of them functioned nearly as badly as the Tesla’s (driven the Y and the 3). Which was the reason I stopped using the assists at all. Think I was now safe with agency over the car, it did the phantom brake. Maybe its so smart and self autonomous it was angry that I had no faith in its autopilot system and took its revenge by giving me PTSD.
I think TLDR missed this part. Their "self-driving" system was a con. They thought they could make it up after promising it already worked and they failed. It only counts as self-driving if you can watch Harry Potter on the way to work, Tesla can't meet this standard. I don't think they have the engineering talent to make a real autonomous vehicle and that maybe it will be Google who figures it out instead.
@@colingravon9810 As much as I hate musk and Telsa. I have to concede that self driving is a herculean task and if it has a rate of accident/death less than the average it is worth it. Especially when we can use it as an alternative to drunk drivers.
I’ve had two. Model Y 2020 and then swapped for Model 3 2022 (work related). When it was time to return the model 3 I was already waiting to see it go. The model Y had shoddy QC issues. Panel gaps, jarring interior and door panel issues. The few buttons that exist got stodgy. But I didn’t care it wasn’t my car so whatever. Model 3 the quality was fine. Not Mercedes level, but it wasn’t jarring so it was good. The problem wasn’t the build quality anymore but the tech/software. Specifically the auto assist functions. I’ve driven dozens of cars thousands of miles with lane assist and radar cruise. Not one of them felt as awry and stressful as the Tesla’s. Especially when it’s method lane keeping is by bumping into the road lines and then correct itself to bump into the other line continuously. Even on the roads I’ve seen other Tesla’s and I can tell they’ve activated the ‘self drive’ by how they play the pong with the road lines continuously. It’s like baby sitting a potential death trap. It didn’t take the stress out of driving it made it more mentally taxing. So naturally I just stopped using it except for cruise control and even then only when the roads clear enough and during the day because they made a software update to make the self drive camera lenient rather than radar. Even with the caution of deactivating its groundbreaking self driving tech. It still wasn’t enough for it to resist the urge to not kill me. The final straw was during a drive in an empty motorway at night. 75mph or so, using my own hands and feet to get home as if it wasn’t a brand new £55k car. From literally nothing it decided to completely mash the brakes from 75 to a halt no time or control given to me to at least take it to the hard shoulder. And then it glued itself in the middle of an open motorway lane for what felt like a lifetime (maybe 20-30 seconds maybe more i wasn’t counting on account of nearly having a stroke). If there was a car behind me it would’ve been a write off absolutely. Hell it probably have me whiplash anyway from the jolt. Then it decided to give me back my Drive gear and go home like nothing happened. Since then I was terrified of using it. I contact service support but this wasn’t unique to me. I went on the Tesla forums and this is a well known occurrence. But seemingly given different responses from service support. Mine service person, which was entirely online btw, just did a super cool futuristic diagnosis via the cloud. They then said they’ve looked into my logging data and updated the system and it is now resolved. We will close the ticket now kthxbye. Tesla is not good neither mechanically nor in its technical development. It doesn’t help that the lads back in the Tesla forums would defend it by saying ‘ICE cars always do this stuff it’s normal why do you always see those on the side of the road?’ Just complete denial instead of urging Tesla to get their shit together. From then on I couldn’t drive that car in the motorway with any passengers if I had any good conscience. Which is still pathetic because even if it was going to kill me I was still risking the lives of other drivers. And there was no way out of that, I didn’t use any of the electronic assists and yet it wouldn’t give me the privilege to bear full responsibility to control it. It felt nauseating being a secret liability to other road users like a drunk driver would be. So I was waiting eagerly to get rid of it, so I can start driving with passengers again on long drives. Oh and my cousin owns an model X and it ran its face into the wall at Bluewater car park lol
It always worries me when a car company is taking the direct connections away from the controls to the remote. Drive by wire is worrying. Ok throttle, you can turn the motor off and get back some control if the car decides to floor it, but brakes and steering? No thanks I’ll stick to my old cars for now thanks besides a caterham is a million times more fun that a Tesla.
And paying $1b out of pocket for the privilege. On just the interest alone. Every year. Whilst losing $200b. To become a glorified discord admin and finance early retirement of the former chairman who you hate 😂
Pepsi admitted they only get 100miles for their fully loaded tesla semis. 1/5th what musk bragged about. They didn't say how much a full load is, but it's assumed it's 1/3 of existing diesel semis.
Not at all surprising as we all saw this coming... Musk consistently over-promised, but the simple reality of Li-Ion battery vs. diesel energy density is something that cannot be denied. While I do think that electric trucks and vans for local deliveries are feasible and potentially extremely useful, there is just no way that an electric semi truck can beat a diesel one for long haul trucking. The math simply does not work!
Musk is a fraud and like every frauster, the reality is catching up. FSD is a fraud, last among every other car company. BYD will burry them in China, VW, Renault and Peugeot in Europe and Toyota, GM, Ford, Hyundai in the US. In 5 years nobody will be talking about Tesla anymore
I just love the stock market. You get two opposing sides on one objective event. This is more exciting to me than any sports. Legal gambling! Place your bets and let's see who is right!
And they all will do well with their first model. And when it comes time to replace their cars the house of card collapses because they made to little investment and their costs are orders of magnitude of their competition. The only way for these new brands to be succesfull is grow quickly, ipo, sell to a big car concern and become a sub brand under their umbrella.
@@hendrx Yeah.. Both are not in a great position right now while cheap money is drying up fast. Although Rivian is backed by Amazon and Ford, both those companies will also face tough times. Lucid being backed by the Saudis might even be in a better position... I don't exactly know, I don't follow those two companies close enough.
Yeah it's strange but I went from having a positive-nuetral view of Musk and wanting a Tesla pre-Covid, to now having a negative view of Musk and I don't really want a Tesla anymore. I still think it's a slick car, but the cool factor is definitely gone for me.
@@danzwku That quite depends on the "when": it has reliably worked for about two years. Now however I switched to being bullish on EU defence industry: the Ukraine conflict is very good business for Reinmetall and the like.
All the tech stocks are overvalued especially apple whilst not innovating There used to be a phrase you either innovate or die Most investors have been living on cloud 9 when regarding tech and not in the real world
If Elon had just backed out of the Twitter deal and paid the penalty clauses he would be in a much better position… And what if he was smart enough to realise that the original owners of Twitter could (and would) hold him to his contract? and that trying to manipulate Twitters stock price was different from manipulating the price of a cryptocurrency. Would Tesla be in a much better position right now and still pulling one over on the market?
There was not option to “just pay the penalties”. The penalties were if the deal wouldn’t come out due to regulatory hurdle or something of that nature. The court would have forced him to fulfil the contract or pay the difference between stock price and promised priced. At least 20-30 Billion down.
Elon Musk purchased Twitter at triple price to avoid legal battle where he would be put on stand and grilled. There was already a lot of embarassing texts revealed in the initial stages. And obviously the Legal team at twitter had done an excellent job of trapping him, the court would have forced him to buy.
Consumer Reports recently slammed Tesla cars as "unreliable". While their EV technology works well, it's being implemented in better manufactured cars by other companies. Their basic car features, such as the interior, are subpar for a luxury priced car. With BMW and other luxury brands producing superior cars, demand for Tesla will plummet unless they fix their problems.
Hey guys, great video, but the sound in the transitions was a bit too agressive for my taste. Could be just me but yeah, anyway, here's my input. Keep up the good work
Regarding the loyalty comment, one explanation is that it happened because the previous brand did not satisfy EV needs? Would be interesting to compare only customers switch EV to EV
whats up with the music from 5:18 to 5:38 ? thats was weird af. trying to give some constructive feedback, TLDR normal dont have music and this one was not even fiting to the subject
Elon musk is making his primary customers angrier. He should've just stayed away from politics completely. I am waiting for his comment on abortion, maybe he might end up killing every single sale.
Got to say the vocal background track on this video is distracting. I really don't think Tesla is ready to deal with the real car makers fully committing to EVs.
This video is weird because it takes several qualitative considerations and draws conclusions from them, forgetting quite important quantitative aspects that should not be forgotten. How many cars does Tesla sell every quarter, compared to one year before? And how many do the old manufacturers, compared to their own previous numbers? And how much profit does Tesla make on every car? And how much profit do the old manufactures make? These figures show fundamental differences between a company that sustains a very strong growth, and companies that struggle to maintain their old stable sales and revenues. In addition, those companies have often massive debts, so a reduction of revenues can have dramatic consequences for them, while for Tesla it is going to be less damaging.
I used to think Tesla was positioned to be the market leader in EVs but I think Elon lost focus and the massive 2022 EV roll out from other manufacturers are leaving Tesla in the dust.
tldr setting bar lower and lower...its like: a) tldr sponsors want some fud thrown around tesla or b) tldr has some short options and/or have been burned on short-term tesla stock things..
This video is dumb though. It didn't mention that PE ususally correlates with growth rate, and that Tesla has a high PE because its delivery grew 40% in 2022 and even higher in previous years. You show me a higher growth rate than 40%, I will show you a higher PE ratio. The stock might continue to crash though, so grab your popcorn.
There really needs to be more nuance to this. Tesla does have a massive share of the electric car market: 21% last year, with the next-nearest rivals the Chinese SAIC with 13%, and Volkswagen Group with 10%. And from just four models, compared to 9 for VW Group. There are legitimate concerns about their ongoing delays, variable quality control, some dubious ideas in feature design and company management, and the negative PR value of Elon Musk. But they have achieved a hugely dominant position in the EV space, one of the most dominant positions in a global market sector for any postwar car manufacturer, and any criticism with even a hint of balance really needs to be leavened by that.
They might just be refering to the Toyota Motor Company and not the wider Toyota Group which also manufactures products such as Sowing Machines, plant equipment (e.g. Forklifts), Lorries (under the Hino Motors brand) among other products
24x doesn't sound that ridiculous when you look at the growth curve though. 0% growth: 1+1+1+1+1=5 40-50% growth: 1.5+2+3+4.5+8=19 I'm not saying that growth is sustainable for another 5y but people are assuming that in their calculations.
The EV companies other than Tesla are selling far, far fewer EVs than Tesla. Most of them lose money on every EV they sell. If they sell more electric vehicles, they lose more money. But Tesla makes money on each car. Until the other companies figure out how to greatly reduce their manufacturing costs, Tesla will stay way out ahead.
Guys, this is not it. Comparing different companies on their PE-ratio is just very shortsighted. Yes, the PE-ratios of other automakers are low compared to Tesla and well, most companies despite the industry. It's beacuse of many reasons, one of which WallStreet expect those car companies to make less money in the future. They currently sell highly profitable ICE vehicles, which will eventually be phased out. Not only is producing an electric vehicle very difficult, it's also much more expensive. So, altough their current PE-ratio makes their stock looks cheap, their earnings will probably not grow and will most likely shrink overtime. With shrinking earnings, to keep the PE-ratio the same, the price of the stock has to go down..
@cat Uhh, my comment is meant for the creators of this video... And to answer your question, yes I do think Wallstreet have this figuered out. That's why the PE-ratios of the traditional automakers is as low as it is..
@@Emanuel-jr2ii and tesla is now now becomming just another automaker like all others having to play according to the same rules. Just with a fraction of the scale. Their ratio should be 3
@@Emanuel-jr2ii automotive manufacture rules. No more monopoly on an exciting new market, no more massive subsedies trough incentive packages by every country on earth for ev's that only bennefitted tesla, no more early adopters tax on the products they sell, no more being able to sell the same model for 15 years because there is no competition. The last 15 years the ev market was the hot new technology and a different market then the regular car market, and tesla had the monopoly with nearly 100% marketshare for the entire time. Going forward ev's will simply be the high capital intensive low margin commodity industry the car industry has always been. The ev market is simply becomming the automotive industry. Tesla played by different industry and market rules then the rest because they where the only one in that different market and industry. The 2 are now becomming 1 and that means everyone has to play by the same rules.
They aren't even worth that much..the reality is other people will start making electric with comparable performance at a better cost like the Hyundai iconic
@@hamishbarrie8318 Toyota builds EVs at scale? Now that's news to me! Volkswagen so far only has published production numbers for Q1-Q3 at around 400k units, but also posted a production record for one of their plants in November.. For scale that number would be enough to supply almost 50% of EV sales in the US last year.
Tesla is trying to sell an economy bata vehicle vehicle as a luxury product. I just looked at an X and the panels on the SUV didn't line up. As if it was either poorly constructed, wrecked and repaired, or just shitty design. And after purchase repairs are INSANE ... and that is IF you can get the thing repaired at all. I was so excited to get a Tesla X ... and then after seeing it and driving one ... My hopes were crushed. Hard PASS!
Lol guys did zero fundemental analysis before making this video. Not only does Elon have a multiple businesses but Tesla also makes more than just cars, implying that a difficult EV market will cripple Elon or Tesla is wildly speculative and oversimplified.
Valuing a car company, as a tech company is rather silly. There's also a reason why International trade has become so present. Insulationist countries do worse, on average, than trading ones. Uncertain why the same would not apply to firms.
Elon, “government spending is bad” Also Elon, “Thank you for the government subsidies that I received via carbon credit as well as contracts from NASA🥴”
A Tesla never appealed to me because of all the Black-Mirror style tech they come with (or claim will have soon). Call me a luddite, I just want a car that runs on electricity, not a test-bed for a dystopian Mars colony ^^
Anyone with a Tesla better consider where they’re going to get it serviced when the dealerships close, taking all the proprietary service tech with them.
Volkswagen is still selling lots of ICE (internal combustion engine) vehicles, which evenually will be phased out. Those ICE vehicles are highly profitable when lots of people buy them. Electric vehicles are not only difficult to produce, but also much more expensive. With more and more people switching to EV's, Volkswagen among other traditional automakers, see their customers buy more electric vehicles (low to no profit) instead of ICE vehicles (high profit).
It's not right to just compare Tesla's P/E to other car companies because Tesla's revenue growth rate is much higher. It deserves higher P/E. The biggest problems of Tesla is that it loses market share quickly and cuts price. Earnings in this year has to be adjusted lower. If it continues to lose market share, it will become just an ordinary electric car company and lose its competitive advantage. Smaller market share will let Tesla have less money to develop self-driving funtion and lose its competitiveness in this field, too.
7:43 I feel like TLDR has become so much more amateur since including stock VT footage. Your previous format of animations/info-graphics next to the presenter is much more preferred and professional
As long as musk is associated with Tesla it will be difficult for Tesla to recover their image, while he still has ardent fans, he ruined him name with his unhinged antics and that will impact brands associated with him.
May I point out that concluding that EV customers are less loyal to car brands based on the fact that they tend to trade in cars from different manufacturers doesn't make a lot of sense. EVs are very new to the market and there aren't a lot of choices or well stablished reputation for them, plus most brands don't even have a (decent) EV in their line up, so most people wanting to buy an EV for the first time naturally HAVE to change brands, simply because there are so few viable options, specially at lower price brackets. The true test of EV loyalty is what they buy AFTER their first EV. Do they stick to their brand or look for something else? Tesla customers, for one part, seem to be fiercly loyal, seeing how they put up with bad customer service and long waits for newer models.
Wait times for teslas have never been exceptionally long for a car and they are VERY short ATM. I think the opposite has happened during the previous few years, Teslas sold well because other brands had longer wait times or very high mark-ups.
Is it just me or was the music way too loud when he was talking?
Also feel like it’s the type of music being played. Very distracting.
Very distracting indeed
Music is distracting
It’s kinda funny to me how often people still make this mistake ^^ obviously I love the TLDR Team anyway if not more cause they’re trying to change things up a little as they’ve said
@@melvyncross2978 like Elon focusing on Twitter
I was a HUGE Musk fan for years and dreamed of buying a Model 3 someday... that all changed within the last 2 years when I began see his mask slip... 2 weeks ago my Kia Niro EV was finally delivered and I couldn't be happier that it's NOT a Tesla.
Why buy a car because of a ceo?
@@baronvonlimbourgh1716 No one has ever accused musk fans of being sane.
@@zesky6654 very true lol.
I'm still an Elon fan but Tesla has always been a mediocre car. It would only be worth caring if it achieves full self driving which we still don't know if it's even possible.
@@kennethkho7165 Why are you still a Musk fan? He's gone insane
really enjoying the videos and very insightful, but the music is a little obnoxious. cool to see you experimenting with the edits though.
How's the music obnoxious?
@@user-op8fg3ny3jloud, unnecessary, cheesy
@@Thrillkilled How loud are you listening bro? It's not loud at all and only lasts for less than a minute.
I wanted a Model S since the early days and even a Cybertruck in 2019. I even defended Musk to my family when they said ALL billionaires were bad. I no longer want any Tesla and I have conceded that Musk is just as shitty as the other billionaires. Musk actually pushed my politics further left as his antics caused me to read a lot and the more I learn, the more I realize how bad neoliberal (that's Reagan/Thatcher/Mulroney style politics) has been in the past few decades. It's eroded our societies and our standard of living while enriching the top 0.01%. Can't go along with it anymore. Nothing trickled down. Everything evaporated up.
Well said! I absolutely agree...
He was just able to deceive the masses about who he is, for a little longer than the other billionaires out there.
😎👍🏼
@@YusufGinnah I suspect what we are seeing is Musk's neediness. As much as anything, many of his latest issues appear to revolve around his obsession with playing to fan boys, and that isn't at all smart.
@@rfwillett2424 I agree. I've also been guilty, previously, of assuming that intelligence trumps the ego, but he has proven that money can't buy you sense...
Common or otherwise...
We are in the same boat. Was about to buy a Tesla. Went with another brand
@@YusufGinnah Funny how similar to Trump Musk has ended up being. Perhaps that similarity comes out of his narcissism, stll not sure about the malignant part in Musk case. But there are still more differences than similarities I think, probably driven my Musk's intelligence. But your right, Intelligent or not, there's bugger all common sense to be seen in Musk's behavior.
i think one thing that more electric car manufacturers need to take into account is that the absolute monstrously massive majority of people own pre-owned cars, some of which are older than 20 years.
If car companies want their electric alternatives to take over the market, they must first get their vehicles into circulation.
Yeah, and it's somewhat unlikely that that's going to happen anytime soon. For one electric cars are significantly more expensive and thus will also be more expensive pre-owned. And for another, it seems that many of them are actually more sturdy than traditional cars, which may motivate owners to keep them longer, which will reduce the amount available for purchase used.
@@Trekki200
"are actually more sturdy than traditional cars"
i beg the differ. they are heavier which complicates all aspects of maintenance nad longelivity. likewise, batteries arent really renown for longelivity, suffering a rather rapid drop off after a few years, whereas combustion engines tend to last decades.
Hybrids are likely going to be the future until better options prop up. affordable options.
@@boarfaceswinejaw4516 EVs just don't have many of the moving parts, that might require maintenance on a combustion vehicle. While you do lose battery capacity over time, many modern EVs will still have over 85% of their battery capacity after a decade. And replacing the battery isn't that expensive, at least compared to buying a new electric car. Finally with combustion cars, they require significant love, money, time and maintenace to last decades.
@@plainText384
i mean, obviously a brand new electric car has greater longelivity than a 20 year old volvo or 30 year old volkswagen.
but the fact is that its generally cheaper to buy one or several used cars, take all the best bits from each of them into a single functioning car, and then sell the scrap.
And even that process aint too hard as long as you know either a mechanic, a boomer or are willing to apply 10% of the level of pedantry that the average "build your own computer" type person does when assembling gaming hardware.
@boarfaceswinejaw4516 I have had my Leaf for six years now- I have spent zero on it in all that time- aside from a new set of tires. The battery is exactly where it was in terms of range as when I bought it 70,000 kilometers ago. The brakes are still at 75%. This thing just seems to be ready to last forever.
I'm poor, autistic, work as a janitor, reno man and dishwasher. I pedal an NCM T1,000 e-fatbike. Not had a car since 2004.
Tesla was the only car I wanted up until a few months ago. I’m now looking at other brands for many reasons
Just curious, what made you decide you didn't want to drive a Tesla anymore. Their cars have only been improved since...
@@Emanuel-jr2ii my guess would be Elon Musk himself. Tesla cars might be good, but for some, buying one would be like supporting Elon Musk and that's a big no no.
@@Emanuel-jr2ii The build quality is utterly garbage
@@Emanuel-jr2ii garbage build quality
@@forgivemanmokgomola5618 In the early days of Model S, X and even 3. Yes, 100% the build quality was not on par for such an expensive object. However, much of the issues have been resolved over the years. What has been the last time you have sat in a Tesla?
One area that this hasn't addressed is the self driving capabilities. There have now been several fatal accidents caused by the self driving mode. There were also multiple reports of it behaving and acting erratically with it randomly breaking and accelerating.
Now the reason why this is potentially a big problem for tesla is that they have rushed this system out way before it was ready. If this can be demonstrated then they could be in some serious legal trouble with potential prison sentences handout and these can go all the way to the top.
Yes, this nearly killed me on the M2. I didn’t even have the bloody auto drive assists on, not even cruise. It saw some kind of ghost and mashed itself into a halt from 75mph, no time or control to even move into the hard shoulder. And then it glued itself in an open motorway lane for 20-30 seconds before giving me drive again.
The repair? The online service support did a diagnosis and updated the issue. Didn’t even tell me what it was. I’ve driven thousands of miles on lane and radar cruise on dozens of different cars. And none of them functioned nearly as badly as the Tesla’s (driven the Y and the 3). Which was the reason I stopped using the assists at all. Think I was now safe with agency over the car, it did the phantom brake. Maybe its so smart and self autonomous it was angry that I had no faith in its autopilot system and took its revenge by giving me PTSD.
Also my cousins model X decided to headbutt the concrete at Bluewater shopping centre car park lol. He ‘doesn’t like to talk about it’ 😄
I think TLDR missed this part. Their "self-driving" system was a con. They thought they could make it up after promising it already worked and they failed. It only counts as self-driving if you can watch Harry Potter on the way to work, Tesla can't meet this standard. I don't think they have the engineering talent to make a real autonomous vehicle and that maybe it will be Google who figures it out instead.
@@colingravon9810 As much as I hate musk and Telsa. I have to concede that self driving is a herculean task and if it has a rate of accident/death less than the average it is worth it. Especially when we can use it as an alternative to drunk drivers.
I’ve had two. Model Y 2020 and then swapped for Model 3 2022 (work related).
When it was time to return the model 3 I was already waiting to see it go.
The model Y had shoddy QC issues. Panel gaps, jarring interior and door panel issues. The few buttons that exist got stodgy. But I didn’t care it wasn’t my car so whatever.
Model 3 the quality was fine. Not Mercedes level, but it wasn’t jarring so it was good. The problem wasn’t the build quality anymore but the tech/software. Specifically the auto assist functions.
I’ve driven dozens of cars thousands of miles with lane assist and radar cruise. Not one of them felt as awry and stressful as the Tesla’s. Especially when it’s method lane keeping is by bumping into the road lines and then correct itself to bump into the other line continuously. Even on the roads I’ve seen other Tesla’s and I can tell they’ve activated the ‘self drive’ by how they play the pong with the road lines continuously.
It’s like baby sitting a potential death trap. It didn’t take the stress out of driving it made it more mentally taxing.
So naturally I just stopped using it except for cruise control and even then only when the roads clear enough and during the day because they made a software update to make the self drive camera lenient rather than radar.
Even with the caution of deactivating its groundbreaking self driving tech. It still wasn’t enough for it to resist the urge to not kill me.
The final straw was during a drive in an empty motorway at night. 75mph or so, using my own hands and feet to get home as if it wasn’t a brand new £55k car. From literally nothing it decided to completely mash the brakes from 75 to a halt no time or control given to me to at least take it to the hard shoulder. And then it glued itself in the middle of an open motorway lane for what felt like a lifetime (maybe 20-30 seconds maybe more i wasn’t counting on account of nearly having a stroke).
If there was a car behind me it would’ve been a write off absolutely. Hell it probably have me whiplash anyway from the jolt. Then it decided to give me back my Drive gear and go home like nothing happened. Since then I was terrified of using it. I contact service support but this wasn’t unique to me. I went on the Tesla forums and this is a well known occurrence. But seemingly given different responses from service support. Mine service person, which was entirely online btw, just did a super cool futuristic diagnosis via the cloud. They then said they’ve looked into my logging data and updated the system and it is now resolved. We will close the ticket now kthxbye.
Tesla is not good neither mechanically nor in its technical development. It doesn’t help that the lads back in the Tesla forums would defend it by saying ‘ICE cars always do this stuff it’s normal why do you always see those on the side of the road?’ Just complete denial instead of urging Tesla to get their shit together.
From then on I couldn’t drive that car in the motorway with any passengers if I had any good conscience. Which is still pathetic because even if it was going to kill me I was still risking the lives of other drivers. And there was no way out of that, I didn’t use any of the electronic assists and yet it wouldn’t give me the privilege to bear full responsibility to control it. It felt nauseating being a secret liability to other road users like a drunk driver would be.
So I was waiting eagerly to get rid of it, so I can start driving with passengers again on long drives.
Oh and my cousin owns an model X and it ran its face into the wall at Bluewater car park lol
It always worries me when a car company is taking the direct connections away from the controls to the remote. Drive by wire is worrying. Ok throttle, you can turn the motor off and get back some control if the car decides to floor it, but brakes and steering? No thanks I’ll stick to my old cars for now thanks besides a caterham is a million times more fun that a Tesla.
Enjoyed the content of this one, but the sound editing was a bit off, the backing music was a bit too intrusive
imagine crashing your whole company just to become a super mod on a short messaging forum 🤣
And paying $1b out of pocket for the privilege. On just the interest alone. Every year. Whilst losing $200b. To become a glorified discord admin and finance early retirement of the former chairman who you hate 😂
The one thing Tesla has done well is tell other car companies to invest, at least somewhat, into electric cars.
amen
Pepsi admitted they only get 100miles for their fully loaded tesla semis. 1/5th what musk bragged about.
They didn't say how much a full load is, but it's assumed it's 1/3 of existing diesel semis.
Not at all surprising as we all saw this coming... Musk consistently over-promised, but the simple reality of Li-Ion battery vs. diesel energy density is something that cannot be denied. While I do think that electric trucks and vans for local deliveries are feasible and potentially extremely useful, there is just no way that an electric semi truck can beat a diesel one for long haul trucking. The math simply does not work!
Do you have a link to your source?
@@Emanuel-jr2ii look up article 'Pepsi talks Tesla Semi; exec makes strange comments about the electric truck’s range'
Musk is a fraud and like every frauster, the reality is catching up. FSD is a fraud, last among every other car company. BYD will burry them in China, VW, Renault and Peugeot in Europe and Toyota, GM, Ford, Hyundai in the US. In 5 years nobody will be talking about Tesla anymore
I just love the stock market. You get two opposing sides on one objective event. This is more exciting to me than any sports.
Legal gambling! Place your bets and let's see who is right!
You also didn't mention that many other ev start ups and companies have shown good performance, like Rivian, Lucid, hummer ,etc.
wait you mean like THE hummer?
And they all will do well with their first model. And when it comes time to replace their cars the house of card collapses because they made to little investment and their costs are orders of magnitude of their competition.
The only way for these new brands to be succesfull is grow quickly, ipo, sell to a big car concern and become a sub brand under their umbrella.
In which world is Lucid as a company performing well?
@@Emanuel-jr2ii
rivian as well, rivian is done for
@@hendrx Yeah.. Both are not in a great position right now while cheap money is drying up fast. Although Rivian is backed by Amazon and Ford, both those companies will also face tough times. Lucid being backed by the Saudis might even be in a better position... I don't exactly know, I don't follow those two companies close enough.
Yeah it's strange but I went from having a positive-nuetral view of Musk and wanting a Tesla pre-Covid, to now having a negative view of Musk and I don't really want a Tesla anymore. I still think it's a slick car, but the cool factor is definitely gone for me.
It's a trash car, over hipped by fanbois who believed their fraud Musk
Many thanks to Tesla for making me richer by short selling their stocks! :D
At what price did you cover your shorts?
Buy the dip, get the chicken tendies
@@danzwku That quite depends on the "when": it has reliably worked for about two years. Now however I switched to being bullish on EU defence industry: the Ukraine conflict is very good business for Reinmetall and the like.
@@yoshyoka
wait answer the price guy, how much did you short it for
Buy the dip. Buy the dip again, buy the dip again, buy the dip again.
Chapter 11.
7:37 It’s so brief but also super awkward just Jack staring into the camera silently XD
All the tech stocks are overvalued especially apple whilst not innovating
There used to be a phrase you either innovate or die
Most investors have been living on cloud 9 when regarding tech and not in the real world
just wanna say i love this channel. been binging all of the tldr business videos over the past 2 days
I'm glad you are experimenting with the edit. The music can be shortened and bit lower, and only allowed to really bump when the voice is off
Please stop that music when you are speaking
If Elon had just backed out of the Twitter deal and paid the penalty clauses he would be in a much better position…
And what if he was smart enough to realise that the original owners of Twitter could (and would) hold him to his contract? and that trying to manipulate Twitters stock price was different from manipulating the price of a cryptocurrency.
Would Tesla be in a much better position right now and still pulling one over on the market?
There was not option to “just pay the penalties”. The penalties were if the deal wouldn’t come out due to regulatory hurdle or something of that nature. The court would have forced him to fulfil the contract or pay the difference between stock price and promised priced. At least 20-30 Billion down.
Elon Musk purchased Twitter at triple price to avoid legal battle where he would be put on stand and grilled. There was already a lot of embarassing texts revealed in the initial stages. And obviously the Legal team at twitter had done an excellent job of trapping him, the court would have forced him to buy.
"just backed out of the Twitter deal and paid the penalty clauses" - that was not an option really
Tesla won't be any different as the fundamentals are still there
@@anmolt3840051 I think musk always wanted Twitter. He was just trying to get it for a cheaper price by feigning
People just learn to see past the hype of Tesla after so many accidents of malfunction and just general shitty business practice.
Please reupload the video without the obnoxious music, otherwise I'm not bothering watching the whole thing.
Consumer Reports recently slammed Tesla cars as "unreliable". While their EV technology works well, it's being implemented in better manufactured cars by other companies. Their basic car features, such as the interior, are subpar for a luxury priced car. With BMW and other luxury brands producing superior cars, demand for Tesla will plummet unless they fix their problems.
Did you know that the Ford foundation is a huge finder of consumer reports? 🧐
Hey guys, great video, but the sound in the transitions was a bit too agressive for my taste. Could be just me but yeah, anyway, here's my input. Keep up the good work
Oh no, anyways
Those two 2 weeks went fast on Nebula...
I don’t understand how anyone would trust their lives on a Driverless vehicle. We’re still decades away from it being safe.
Regarding the loyalty comment, one explanation is that it happened because the previous brand did not satisfy EV needs? Would be interesting to compare only customers switch EV to EV
the song choice with the robotic instrument at the start trully caught me off guard. I thought some other video was playing in the background
Just some constructive feedback. the music, especislly the intro, are too loud. Loving the vids though
Your description reads "How Tesla Lost 800k in 2022" you might want to change that to an 800b
whats up with the music from 5:18 to 5:38 ? thats was weird af. trying to give some constructive feedback, TLDR normal dont have music and this one was not even fiting to the subject
Elon musk is making his primary customers angrier.
He should've just stayed away from politics completely.
I am waiting for his comment on abortion, maybe he might end up killing every single sale.
Elon is simply the best example of wealth =/= intelligence, and how decades of lies creates the “bootstraps lie” and weird wealth cults.
Got to say the vocal background track on this video is distracting.
I really don't think Tesla is ready to deal with the real car makers fully committing to EVs.
Good luck going on a road trip when your car manufacturer lacks a supercharger network.
Are you actually serious with that music? I had to check multiple tabs to make sure it was you guys, its so out of place. Yeah get rid of that asap.
This video is weird because it takes several qualitative considerations and draws conclusions from them, forgetting quite important quantitative aspects that should not be forgotten. How many cars does Tesla sell every quarter, compared to one year before? And how many do the old manufacturers, compared to their own previous numbers? And how much profit does Tesla make on every car? And how much profit do the old manufactures make? These figures show fundamental differences between a company that sustains a very strong growth, and companies that struggle to maintain their old stable sales and revenues. In addition, those companies have often massive debts, so a reduction of revenues can have dramatic consequences for them, while for Tesla it is going to be less damaging.
I used to think Tesla was positioned to be the market leader in EVs but I think Elon lost focus and the massive 2022 EV roll out from other manufacturers are leaving Tesla in the dust.
Great video, not sure about the music though
tldr setting bar lower and lower...its like: a) tldr sponsors want some fud thrown around tesla or b) tldr has some short options and/or have been burned on short-term tesla stock things..
Please turn down the intro music, if you're wearing headphones it's annoyingly hard to hear or focus on what's being said
Why to borrow a PE ratio and not calculate TSLA's one? or why not to calculate PEG?
This video is dumb though. It didn't mention that PE ususally correlates with growth rate, and that Tesla has a high PE because its delivery grew 40% in 2022 and even higher in previous years. You show me a higher growth rate than 40%, I will show you a higher PE ratio.
The stock might continue to crash though, so grab your popcorn.
You should do a video on recent tech layoffs like Salesforce.
There really needs to be more nuance to this. Tesla does have a massive share of the electric car market: 21% last year, with the next-nearest rivals the Chinese SAIC with 13%, and Volkswagen Group with 10%. And from just four models, compared to 9 for VW Group.
There are legitimate concerns about their ongoing delays, variable quality control, some dubious ideas in feature design and company management, and the negative PR value of Elon Musk. But they have achieved a hugely dominant position in the EV space, one of the most dominant positions in a global market sector for any postwar car manufacturer, and any criticism with even a hint of balance really needs to be leavened by that.
Toyota only has 29B usd in market cap? I thought it was over 200B usd atm.
yeah, its ~29 trillion Yen, which is ~222B USD atm.
They might just be refering to the Toyota Motor Company and not the wider Toyota Group which also manufactures products such as Sowing Machines, plant equipment (e.g. Forklifts), Lorries (under the Hino Motors brand) among other products
Adding to Musk's wealth is the biggest reason not to buy a Tesla at this point...
Don’t mind the music but can the volume be lowered. Kinds distracting me away from the great content!
24x doesn't sound that ridiculous when you look at the growth curve though.
0% growth: 1+1+1+1+1=5
40-50% growth: 1.5+2+3+4.5+8=19
I'm not saying that growth is sustainable for another 5y but people are assuming that in their calculations.
The EV companies other than Tesla are selling far, far fewer EVs than Tesla. Most of them lose money on every EV they sell. If they sell more electric vehicles, they lose more money. But Tesla makes money on each car. Until the other companies figure out how to greatly reduce their manufacturing costs, Tesla will stay way out ahead.
I watched with attention your analysis 5 months ago. And now in june 2023, looking at Tesla stock value, what are your thoughts? Were you just wrong?
Guys, this is not it. Comparing different companies on their PE-ratio is just very shortsighted. Yes, the PE-ratios of other automakers are low compared to Tesla and well, most companies despite the industry. It's beacuse of many reasons, one of which WallStreet expect those car companies to make less money in the future. They currently sell highly profitable ICE vehicles, which will eventually be phased out. Not only is producing an electric vehicle very difficult, it's also much more expensive. So, altough their current PE-ratio makes their stock looks cheap, their earnings will probably not grow and will most likely shrink overtime. With shrinking earnings, to keep the PE-ratio the same, the price of the stock has to go down..
@cat Uhh, my comment is meant for the creators of this video... And to answer your question, yes I do think Wallstreet have this figuered out. That's why the PE-ratios of the traditional automakers is as low as it is..
@@Emanuel-jr2ii and tesla is now now becomming just another automaker like all others having to play according to the same rules. Just with a fraction of the scale.
Their ratio should be 3
@@baronvonlimbourgh1716 I'm afraid I don't understand you. What rules are you talking about exactly?
@@Emanuel-jr2ii automotive manufacture rules.
No more monopoly on an exciting new market, no more massive subsedies trough incentive packages by every country on earth for ev's that only bennefitted tesla, no more early adopters tax on the products they sell, no more being able to sell the same model for 15 years because there is no competition.
The last 15 years the ev market was the hot new technology and a different market then the regular car market, and tesla had the monopoly with nearly 100% marketshare for the entire time.
Going forward ev's will simply be the high capital intensive low margin commodity industry the car industry has always been.
The ev market is simply becomming the automotive industry.
Tesla played by different industry and market rules then the rest because they where the only one in that different market and industry.
The 2 are now becomming 1 and that means everyone has to play by the same rules.
@@baronvonlimbourgh1716 Aha.
Future discount prices are very hardly affected by the rise of government present hike interest polices
The music interjected was hype
0:50 - Guys that music is extremely off-brand and CHEAP.
The lowest a stock value could potentially go is zero. So the answer is yes.
They aren't even worth that much..the reality is other people will start making electric with comparable performance at a better cost like the Hyundai iconic
So well done! 👏👏👏
Another fun fact for Tesla... they barely had ~14% of global market share for EVs produced in 2022.
14% is more than Toyota or VW have had!
@@hamishbarrie8318 Toyota builds EVs at scale? Now that's news to me!
Volkswagen so far only has published production numbers for Q1-Q3 at around 400k units, but also posted a production record for one of their plants in November.. For scale that number would be enough to supply almost 50% of EV sales in the US last year.
Tesla is trying to sell an economy bata vehicle vehicle as a luxury product. I just looked at an X and the panels on the SUV didn't line up. As if it was either poorly constructed, wrecked and repaired, or just shitty design. And after purchase repairs are INSANE ... and that is IF you can get the thing repaired at all. I was so excited to get a Tesla X ... and then after seeing it and driving one ... My hopes were crushed. Hard PASS!
Lol guys did zero fundemental analysis before making this video. Not only does Elon have a multiple businesses but Tesla also makes more than just cars, implying that a difficult EV market will cripple Elon or Tesla is wildly speculative and oversimplified.
Valuing a car company, as a tech company is rather silly. There's also a reason why International trade has become so present. Insulationist countries do worse, on average, than trading ones. Uncertain why the same would not apply to firms.
Is this CNBC trashing an American company? Sounds like you stole the talking points.
I, on the other hand, like the music🙂 what is it? Doesn't seem to be the one in the metadata
If a traditional car malfunctions, you grind to a halt on the road. If a self-driving car malfunctions, people die. Who is held accountable?
Erm I don’t think you have considered all the deaths on the road at the moment caused by non EVs!
But Musk makes flame throwers.. flame throwers. Com'on guys.
Actually he makes “Not flame throwers” 😂
whats up with the weird music between video parts
I loved the new style of the video!
Elon, “government spending is bad”
Also Elon, “Thank you for the government subsidies that I received via carbon credit as well as contracts from NASA🥴”
You might want to check carbon credits don’t come from the government! They come from other car companies.
@@hamishbarrie8318 lmao wow you’re completely misinformed
Still to overvalued!
A Tesla never appealed to me because of all the Black-Mirror style tech they come with (or claim will have soon). Call me a luddite, I just want a car that runs on electricity, not a test-bed for a dystopian Mars colony ^^
The background song is a banger. What's it called?
Anyone with a Tesla better consider where they’re going to get it serviced when the dealerships close, taking all the proprietary service tech with them.
Tesla also have qualities problem. High end customers don't mind if their machine is less efficient. They will mind if the build is poor
The music was unbearable.
Didn't know Volkswagen pe rating is this low, why is that
because the company will no longer exist in 10 years.
@@florianschneider3982 Doubt that.
Volkswagen is still selling lots of ICE (internal combustion engine) vehicles, which evenually will be phased out. Those ICE vehicles are highly profitable when lots of people buy them. Electric vehicles are not only difficult to produce, but also much more expensive. With more and more people switching to EV's, Volkswagen among other traditional automakers, see their customers buy more electric vehicles (low to no profit) instead of ICE vehicles (high profit).
@@Emanuel-jr2ii They also have Lamborghini, bugatti and other brands under them,are they also counted or just Volkswagen cars
@@accountforcommenting That's correct. But what does that has to do with my comment? :)
It's not right to just compare Tesla's P/E to other car companies because Tesla's revenue growth rate is much higher. It deserves higher P/E. The biggest problems of Tesla is that it loses market share quickly and cuts price. Earnings in this year has to be adjusted lower. If it continues to lose market share, it will become just an ordinary electric car company and lose its competitive advantage. Smaller market share will let Tesla have less money to develop self-driving funtion and lose its competitiveness in this field, too.
the music at the beginning is so distracting, feels like there's no need for it to be there, its louder than the host speaking.
Is this the Business channel or the Elon Musk channel?
wow Elon is looking super krusy in the thumbnail, looking like he needs a new barber
7:43 I feel like TLDR has become so much more amateur since including stock VT footage.
Your previous format of animations/info-graphics next to the presenter is much more preferred and professional
Wow I love you videos, but damn that music in the intro was extremely out of place 😂
As long as musk is associated with Tesla it will be difficult for Tesla to recover their image, while he still has ardent fans, he ruined him name with his unhinged antics and that will impact brands associated with him.
Number 1 selling battery electric in Europe. Not shabby at all. I hear BMW and Audi crying though...
May I point out that concluding that EV customers are less loyal to car brands based on the fact that they tend to trade in cars from different manufacturers doesn't make a lot of sense. EVs are very new to the market and there aren't a lot of choices or well stablished reputation for them, plus most brands don't even have a (decent) EV in their line up, so most people wanting to buy an EV for the first time naturally HAVE to change brands, simply because there are so few viable options, specially at lower price brackets. The true test of EV loyalty is what they buy AFTER their first EV. Do they stick to their brand or look for something else? Tesla customers, for one part, seem to be fiercly loyal, seeing how they put up with bad customer service and long waits for newer models.
The massive drop in stock price is just a result Tesla being massive over valued in the first place.
My next car would have been Tesla, but now it will not be Tesla, but other competitors. #LetthatsinkinMusk
Musk should step down as head of Tesla, not of Twitter.
Get worse? He just saved speech in America. You mean get BETTER
I approve of the editing ✨
If you ask me- tesla drivers are duped. Teslas are not as green as people think.
I haven't given up yet but definitely souring on the brand.....
There’s better-made alternatives
Wait times for teslas have never been exceptionally long for a car and they are VERY short ATM. I think the opposite has happened during the previous few years, Teslas sold well because other brands had longer wait times or very high mark-ups.
People have waited exceptionally long for the roadster, cybertruck and semi.
@@jonathandansem Can't argue with this 😂
9:36 Da fuuuuuuuuunny happen to the quality here?
Customers in the West should refuse to buy Chinese built Teslas
Well the p/e for Toyota is because they have already years ahead of the rest invested in Hydrogen cars and produced a (small) series of production.