China is making sure Tesla 'doesn't fade into oblivion' amid EV price war, says China Beige Book CEO
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- Опубликовано: 9 июн 2024
- Leland Miller, China Beige Book CEO, joins 'Squawk Box' to discuss Elon Musk's surprise trip to China, state of China's EV market, China's economic challenges, and more.
This guy is talking through his ass
Frankly, the guy doesn’t know what he’s talking about and he’s taking up valuable airtime talking through his ass
Why are people Jealous of byd
@@jacksmith-mu3eeAmerican superiority complex and brainwashing
I can bet you that this moron doesn’t even know what BYD is! This guy is some random human that CNBC picked up off the street to talk about nothing.
China allow Tesla FSD so that it can encourage its own domestic autonomous driving industry to flourish. Remember Tesla kick start the EV industry in China, now China bet big on autonomous driving too, by developing autonomous driving, incorporate this service into their own EV, they can kick the ICE dumb-vehicle out sooner and dominate the future smart-car industry: China is choosing a win win approach with Tesla here.
No not really. Fsd doesn't work
Xpeng with the steal!!
@@nuriy xpeng better
simple because Tesla shares its Technology with China.
Elon says everyone is free to copy his tech.
Elon does not care about your USA vs China politics.
No. Musk is transferring AI technology to Chinese companies like BYD. How is this in USA interests?
This guy can't answer a straight question of why would China want to helpTesla.
Saw this guy before in CNBC, his view was very wrong, so he is uncomfortable speaking here.
Bc he’s a hater of $TSLA. CNBC is full of ‘em but at least they bring Dan Ives on.
Probably to keep the factory on
Wtf is he talking??
Bcz unlike usa, china allows businesses fair treatment
Been an investor and following Tesla for years now - this take is horrible. They are just allowing FSD in China, has nothing to do with helping sell more EV's amid price war, wtf
Very obscure take on his part... It seems he's trying to make it seem like Tesla has been doing so poorly that this news is inconsequential.
How is that bad ????
China is the place that gave evs their standing
This is left wing media. They are against Elon Musk for promoting free speech on X.
The hatred for Elon will never end 😢
CNBC's take on TSLA has been embarrassing for months now. They have no idea of what they are talking about.
three times Joe asking him whats in it for china and three times came back rambling nonesense.
Exactly. He has no idea why China would want to support Tesla.
Whats in it for China - China remains an open economy open to investments. Only the US morons dont see this as an obvious answer.
Simple! have Tesla (a shell that uses CHINA made batteries and manufactures 60% in China) to still be a player in China and West. It disarm the policymakers from doing anything to fight the battery industry which China controls.
He's an anti-China fanatic so can't say anything positive
Industry standards improves faster if it has stronger competition. That was a big reason they gave Tesla loans for Tesla's Chinese factories. They want to ensure their domestic automakers are competing or outcompeting Tesla.
Tesla won't fade away. This crazy talk. Tesla is sill turning out $6,500+ profit per car, they have an energy business growing at 70% and the new compact coming in August. Now with the China FSD deal this 100% margin. He's right about one thing, no one is making money except for Tesla.
I looked it up. They had negative FCF of $2.5 Billion in Q1. This equates to loss of $6500 per car delivered in Q1 or $3500 even excluding $1 Billion used for capex. As for energy storage, it grew 7% YoY looking at Q1 report. Where are you getting 70% from? As for Supervised FSD, are you claiming that Tesla developed it at $0 to make 100% margin? From the news it appears that they have conditional approval in China, meaning they can sell subscriptions or sell it outright as they do in US. I am unable to find any reporting that their regulators have fully approved it. Plus, they will give Baidu a % for the mapping & navigation data. What am I missing?
He can barely string a sentence together.
CNBS should get better people who know what they are talking about.
CNBC needs 10% layoff.
80%
every car in China is equal: byd or tesla no differrence. he's lying.
Spot on ---
equally bad
Tesla is better
The amount of mental gymnastics here is hilarious. I’m not even a big fan of Tesla, but takes like these really make you lose faith in traditional journalism.
Blocking CNBC - bunch of jokers
this "analyst" will fade into oblivion after this interview
Both guest and host are useless. No straight answer and no relevant question.
Them misinformation on this channel is ALARMING
the host is confused if his response because what he said doesn’t have any logical sense. Lol
Joe brings no value to the show whatsoever. Just get rid of him and Andrew. Everyone will be thankful.
'WHO THE FOOK IS THIS GUY' *best connor mcgreggor voice*
"We welcome Tesla, you ban Tiktok. We are free market, you are not." Simple.
China bans Facebook, RUclips, X (formerly Twitter), and virtually all foreign media.
It is US that should have been help keeping Elon and Tesla in the game, but Americans are too gready. They only listen to short term sighted wall street analysit and only care about profits today. Seriously, what is wrong with you?
Tesla is the most efficient fastest most profitable auto maker of all types in China despite price war. Tesla is the No1 best selling EV in China. Tesla brand is loved in China. Tesla is the most prestigious & most trusted auto brand in China. Tesla mission is decarbonization & full renewable electrification. Chinas goals also.
He's spreading FUD to keep the price low
I agree!! Tsla is trash, everyone SELL!!!!
And The TSLA Shorts??? How much $$$ They Made last few days???🤣🤣🤣
This guy doesn’t know what he is asked and say just what he wanted to say. Why CNBC always invited some people who knows nothing.
I don’t think China is concerned about Elon’s happiness. They want the best tech. Then they swipe what they can. That’s why they let Tesla set up shop as the first wholly owned foreign company. They also want foreign investment, which has been on the decline of late. This is a demonstration of openness to foreign businesses in an effort to reignite investment. Making Elon happy is the last thing on their mind.
Musk just handed them technology
Enjoy the bovine manure fed to you by this CIA sponsored fake news propagandist
Couple experts here! Real insight!
Joe is actually pro Tesla although he can't take Tesla's side too strongly. He did push back a little on the guest's take.
Fade into oblivion? Tesla makes a lot more profit per vehicle than any Chinese automaker and has the best-selling car in China
The topic was FSD and they kept talking about cars. Those are 2 different business units from Tesla's perspective.
Bro it’s only CNBC, it’s not like they have any idea of what they are talking about, it’s American television.. we are lucky it wasn’t the Kardashians giving us their analysis
TELL'EM WHY YOU MAD SON! 😂😂😂😂
The price war in China was started by Tesla dropping prices. It was the beginning when all Chinese EV makers started dropping prices. The Chinese government was not happy about it and told the whole industry not to create abnormal prices that could disrupt the industry.
You are living in a parallel reality where the government can just treat companies like kids in a classroom.. that must be fun. Too bad the companies have margins to hit and shareholders to pay, and they’re gonna do what they have to do with their prices and the goverment has no power whatsoever on the price of EVs
China Wants Teslas FSD ip.
So no matter what, just wait and see still need to wait but at the same time diversify to other countries.
He cut prices in China, but passed on the losses to American consumers. He also laid off workers in American factories, causing people to lose their jobs. This kind of company should be boycotted.
Is it not incredibly obvious or am *I* the crazy person?
What are Monopolistic Markets?
Monopolistic markets are markets where a certain product or service is offered by only one company. A monopolistic market structure has the features of a pure monopoly, where a single company fully controls the market and determines the supply and price of a product or service. Hence, a monopolistic market is a non-competitive market.
This guy didn’t know the answer 😂 wow
These guys butt got to hurt…😂😂😂
You can feel the jealousy come out from their ass
China will be damned either by keeping Tesla in the game or out of the game.
CNBC is the all powerful executor whichever way they decide.
CNBS with a BSer
Gold stocks are undervalued compared with gold prices, stocks will skyrocket once earnings come in, not to mention bad market news will further fuel the prices…BUY GOLD Stocks !!
These guys get paid to spout the short term BS.
this even with china''s unique (strange, actually) business practices this is a favor being thrown back to Tesla.
Tesla built and spent big $ in china building, funding and the employee's of that factor. BYD and china knows Tesla is a healthy competitor.
China is not worried hence the market and make their vehicles for a cheaper market. So "backing up" Tesla here is not a business or competitor issue at it's core.
what da hell is nobody from China Beige Book CEO? Really? You bring some nobody to talk about TESLA? Come on, CNBC. This clip failed miserably...
Does not seem like your guest understands the opportunity China has given a competitor (Tesla) and why.
Keep your friends close
Big auto and big oil have a vested interest in killing Tesla. This guy is a stooge.
Is not answering the question
Read "1,000% Returns: Taking Advantage of the Stock Market's Gross Incompetence." And "Generational Wealth: Beginner's Business & Investing Guide."
Both the Host and the Guest didn’t have a clue about the subject man. That’s why people get their news now from Reddit and TikTok 😅
Maybe China is trying to do to short sellers on Tesla what redditors did to short sellers on Gamestop 😂😂😂😂
Could the Baidu integration be a FSD technology transfer?
It's not easy they don't have the same AI tech
@@peterkawa9869 - How are they going to integrate without getting the code?
Tesla is definitely the leader in ev
wow
i love how the host talks trying to sound like its a negative thing wait till FSD comes to europe. and wait for the newer versions of FSD in 3 or so months. legacy auto goodbye.
Joe, a yen devaluation is from Japan (yen) not China (yuan).
What an embarrassment
us ban chinese car ? fair? chinese phone?
Why would china help Tesla? These 2 talking heads are dopes
Yeah this guy didn't answer a single question Joe asked. Like wtf rofl
CNBC, please get rid of Joe. He is just so biased and simply terrible.
All speculation FSD is the future of all cars Tesla for the win
Fsd doesn't work
@@jacksmith-mu3ee your smoking some good stuff if u think fsd dosnt work
@@andrewdellare3142 ask Jeffrey nissen in Washington
Or Otto von ohain who btw was a tesla engineer
😂 keep tesla in the game 😂😂😂
Horrible take. Why would they want to help a competitor? They need Elon because his FSD is the best.
His double speak is hilarious! He went to “keep Tesla in the game” to “ comfortable with 5hem”. He doesn’t want to admit that China wants Tesla there because they can learn from them and now it looks like they will adopt Teslas FSD
What can tesla give china ?
Tesla was created in 2003
Byd was created in 1996
Tesla can't even make a battery while byd can create a bus as well
Dude stop being jealous
@@jacksmith-mu3ee What’s your point? Teslas margins are much higher than BYDs.
@@jacksmith-mu3ee BYD does not have FSD. They never did. It’s becoming apparent that they will use Teslas rather than create their own.
@@crucialvibe tesla fsd whatever that is , killed 4 people.
@@crucialvibe that only makes tesla bad
China wants their own FSD, but an improved/copied version
Who needs who more? Does Elon need China more or does China need Elon more? I guess we will find out.
Who needs whom more is an irrelevant question, and unimportant one.
Musk needs china
Leland M did not answer the question which was asked twice upfront- why? What’s his agenda? I’m assuming his not stupid I mean that so what’s the angle?
This guy cannot answer any question.
What is wrong with this guy? Can he not answer a direct question with a direct answer. Why does he waffle so much?
China want to kept Tesla in china.
Beijing is dead worried. Economy is at stake so ask Elon to act.
All this negativity just proves They are high in their knees with Shorts. I hope they crumble. Elon will prevail...along with TESLA
Does this speaker believes in any single word he's talking about? WTF!
Wth is this guy saying???
Who is this guy? He has no idea what he is talking about. CNBC needs to get some useful speakers who speak sense
nobody asked for a robotaxi. no one needs a self driving car. The battery thing isn’t any better than gasoline as far as using earth resources. It is not a profitable bet even under best circumstances and regulation gimmes; ignoring all competitors (like Amazon) already on the same page as Tesla but as a pet project - not a bet on black or red like Elon’s uncontrolled thoughts and decisions . It’s literally so dumb, I feel like it is out of the movie idiocracy.
Tesla to gain big harvesting China data bank even that vaunted CIA couldn't do this 😂
Anyway China mistake - national security breach 😢
Wow, how to speak without saying anything
…Musk and Tesla on their knees to Chinese masters…all for the sake of humanity and share price hahaha
Watch, Musk will be building/reselling a Chinese car for USA; his low priced EV. That’s how Volvo is selling a Chinese car in the USA avoiding tariffs etc. this guy has no clue about BYD
Ha, ha, ha, ha, ha! No matter how you slice it, take a look at the stock price today. Not a good day, AT ALL, for all the Tesla haters:)
I'm a Tesla investor, but get real. Yes, the stock rose a bit today, but even after today's gains it's still down approximately 50 percent in the past two years. A period in which the markets in general have been improving. That's a pretty serious decline by any measure.
@@mikeincalifornia God, I hope you are right. I have reached my original goal of 1,000 shares, but now I want to push further and I need the stock to stay down a while longer.
And you are right, this China deal is a blip on the screen. But FSD and all that is coming after it; that is another story. I'd advise you to stick with it and not diminish your position.
China has Elon by the balls!
It’s the other way around. 😂
@@andrerodriguez7603Nah. He's right.
@@andrerodriguez7603 Don't be naive like Elon. China is going to eat Elon's lunch. To China Tesla is still have some value with its FAD. But once the Chinese EVs catch up, Tesla will be pushed to the side.
China has byd nio xpeng and others
Usa has tesla
True. There are so many factors going against Tesla right now, not the least of which is waning EV interest in the US.
😂😂😂😂what a clown, he doesn’t know anything about Tesla, and you are analyzing 😂😂😂😂
This guy knows nothing!😂
Sober Joe's on with the "I have no meaningful insight" China Beige Chair CEO 😂Tesla, Microsoft, Yum Brands, PepsiCo, Coca Cola, Starbucks, Aldi's , Carrefoure, Costco, Sam's Club all foreign companies doing well in China. Elon promised GigaFactory/Jobs, Open Source FSD , Data Security as well as Robotics GigaFactory etc. Elon for President.
This dude is way off base.
This guys story doesn’t agree with itself. Keeping Elon alive … he has unique good technology. Clownish insight
He’s just a talking head, just to make himself well known.
Propaganda TV/Clown TV/ Circus de CNBC🎉
Miller talks BS
Leland’s loss of credibility…
Chinese people in China cannot afford anything right now, because they’re experiencing a recession and a depression at the same time. Their real estate industry is collapsing, because it’s a Ponzi Scheme. Soon you will see the housing market in America collapse, because companies are buying up homes and renting them out at outrageous prices during this time of artificially made inflation by corporations in the US to maximize profits. You see more and more lower middle class Americans living in poverty like lower class Americans, but unlike lower class workers, the lower middle class workers cannot get government assistance,because they’re not poor enough even though they have lost a lot of their spending power.
Tesla are some ugly cars. I hope they let Chinese EVs in. Cheaper and better.
EV's are not the solution to Modern Problems.
RV's are not a Housing solution either.
The American Dream appears to be a nightmare?
I agree that EV’s aren’t likely to have a measurable effect on climate as is the intent, but after driving a Tesla I can honestly say they are simply better in nearly every way to every ICE vehicle I have ever driven.
@@guildguitars6349 Can you buy a Country Gentleman from Gretch that sounds like the 1962 issues?
Guild was a standard at one time as well among the Folkies.
Electric cars are just a commercial distraction from the fact that the economy is designed to support profits for an Investor Class.
Guitars are subjected to economic forces that seem similar to the Car Guys efforts to remain relevant.
We could discuss the effect of Stockholder Demands for Dividends in Rail Investments as well?
But Electric Cars are simply enablers of the People who continue to believe Capitalism is not all that bad, as Hugh Romney claimed.
LOL. Absolutely out of reality . Tesla will feel the pinch sooner or later. Every great Co goes down some time. Sony, Nokia are examples.
I timed Joe blah blah blah opening remark/question to end in 40 seconds he exceeded that by ten seconds, This guess analysis on Tesla China is garbage
To ans all the idiots asking, "On why China is helping Tesla? " Its the right thing to do. How about that?