VW, Stellantis and other auto companies gave Tesla nearly $2.5 billion in 2023
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- Опубликовано: 28 янв 2024
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The auto industry has been paying Tesla through credits enough money to build all their factories. That’s something to ponder. The auto industry is truly paying Tesla to build more and more factories the longer they pay those credits. Brilliant!
And for LEGAs? Blisteringly stupid!
If you think this through, imagine how many ICE cars the legacy companies have had to build & sell _just to pay Tesla_ for credits, before they even get to paying their own costs-of-product-development-&-production, or paying interest on their staggering debts - let alone making any profit for themselves. It _boggles_ the mind.
And over at GM - they do a $10B stock buyback to goose EPS....
My biggest thing is the tax breaks and incentives the oil industry gets, without them, gas would be $10 per gallon. These EV credits are not even close to leveling the playing field, but at least its something.
$18-$20-a gallon.
Where do you get those numbers?
@@mnhsty EVangelists make this stuff up all the time - in reality Oil is heavily taxed in most countries and makes governments huge sums of money.
@@xraylife Okay and who pays those taxes? Wonder how much of that offsets the billions of subsidies, incentives and tax breaks given back to Big Oil? We are so spoiled In the US as we enjoy incredibly inexpensive gas compared to the rest of the world regardless of any taxes placed on it.
Gas price would probably rise to $25/gal.
Tesla does not lose money on each car sold. Obviously the CO2 credits money is nice to have but they don’t need it.
Why not be more detailed like Ford?
@@justinr9753 Detailed? What? Ford is the industry leader in recalls. Many deadly. Every model. Every year.
@@davidbeppler3032 their quarterlies are more detailed.
I read a recent article in mainstream media, headline Tesla Massive Recall, just a few days ago. In the last paragraph they noted that Tesla updated via the web. Done! It had to do with the regulator saying the font size on their screen was to small. A few keystrokes later, it was bigger.
Isn't Tesla also getting carbon credits for their Megapacks for the public Utilities? This is one of the main reasons Utilities can shut down peaker plants. Tesla may have more carbon credits than any other entity. So their profits will go up in 2024 without increase in production. I can't see how traditional Auto will survive long term.
Then you are blind
There is little doubt that carbon credits revenue for Tesla is fuelling the building of its mega factories. It certainly looks like profits from making cars is relatively profitable, so much so they can wage a price war. Which probably corners legacy auto into making losses on their EVs and reluctance to make too many. Not a bad corner of EV business for Tesla.
You are so right. Tesla and others (BYD, GEELY, but both big hybrid and ICE), will continue cutting BEV prices to the bone, making it extremely painful for legacy ICE makers to transition. Most of the old guard won't make it absent government bailouts.
I love that someone thinks that Tesla won't know how to cope when it stops getting credits. They will do what any company would do when their revenue goes down but they have demand for their product: raise prices. So simple a child could see it, but somehow 'financial analysts' can't.
well the problem is they have been lowering prices to increase demand. So the problem could become demand
According to Good Jobs First's Subsidy Tracker, since 2009, Tesla has received $2.8 billion in government subsidies. About 88% of those subsidies came from states, while the rest came from federal grants. The state of Nevada has given Tesla $1.6 billion across tax rebates and grants from 2013 to 2023.
and what a good thing that was!
You do know that these subsidies help the local economy by creating thousands of jobs. Those workers than pay state and federal taxes plus secondary tax fallouts like possible sales and property taxes.
Hopefully at some point electric vehicles are good enough to not rely on taxpayer and industry subsidies.
EV Racketeering
Hopefully at some point we will stop subsidizing Big Oil for $20 billion a year in America. When gas prices are $12/gallon, you will not be able to give a brand new ICE away.
yes in the long term the credits will not work, but neither will the making of gas engines and buying the credits to make a profit work either
Where did you get your business degree?
3:47 Chart is a wow. Thanks, Viking, for always covering this topic. Keep it up.
It’s impressive how old the styles of Tesla are and they still look modern
By the time Legacy gets around to ramping their EVs the Tesla prices will be so low that there will be no way to compete with Tesla.
UK ZEV mandates oem must sell 22% cars and 10% vans are Bev else they pay £15,000 for every sale over 22%.
not every sale over 22%. Do the math...
@@jimmys6566 I’m afraid it’s for real.
Thanks for paying for our factories.
Even in the US, sidewalk emissions are 80X what is safe.
hahahaha, I love it. Back at the turn of the century when all the big auto companies stopped building cars like the EV1, basically killing the electric car back in 1999 and 2000 and then gave us the Hummer I was furious. The companies refusing to go ahead with EV's need to go bankrupt. We have 50 degree F. temps here in MN in January, crazy warm, we knew this was going to happen if we didn't curb carbon output, just not this fast. The world needed to do whatever they could back 30 years ago but instead the oil lovers pushed back. Now we are going to face the heat.
Morning mate
As legacy rolls back on their EV plans they'll have to keep paying
Instead of paying Tesla all these credit, they should put money in production of EV.
@@rozonoemi9374 Instead they are going to put that money into buying politicians.
Meanwhile IRL VW has made more profit in Q1-Q3 2023 than Tesla in the whole 2023.
If extra range gets you extra carbon credits: it sounds like it may be a repeat of the mistakes made by the CAFE standards in the US.
Because the regulations are not as strict for larger vehicles: the CAFE standards have been encouraging larger and larger vehicles over time.
Similarly: the classic Nissan Leaf (with a 24kWh battery) has enough range for typical commuting and urban errands. But EVs have been getting larger and heavier in order to accommodate larger and larger batteries.
The main reason for large batteries is to combat range anxiety. I admit I have range anxiety myself. I would prefer a 40kWh Leaf. That would provide "next city" capability where I can burn 32kWh going one way, fast charge at the one (1) CHAdeMO fast charger in each neighbouring municipality, and return inside of 3 hours.
Metabolic health disorders in First World countries are caused by excessive sugar consumption and age. Problems such as lung disease are aggravated by drug side effects (eg blood pressure meds cause a non stop cough).
Pollution (dirt) is never good but it’s massively reduced today yet metabolic disease has gone ballistic.
Yeah. And it’s all Tesla’s fault!
This is wildly oversimplified. And pollution has gone down in some areas and gone up in others All kinds of Lifestyle dietary / microbiome and other issues including poor sleep and lack of social support all of which are pro-inflammatory contribute to insulin resistance and obesity. Pollution of various kinds is also pro-inflammatory so it actually fits in with the narrative. You clearly are no MD or PhD so your opinion is not based in professional expertise
I count $1.8 billion of regulatory credits from the Tesla Q4 and FY 2023 update, page 25 of 32, including $433 mil for the Q4.
Thanks.
I miss the frog painting.
We all do 😢
🐸👍
Cheers mate it's working well
The haters will continue use regulatory credits as another excuse to misrepresent Tesla. They of course ignore that ICE manufacturers are stalling.
Tesla and byd also do not have thousands of retirees to pay for
And never will. Amazing that you don't have to pay for millionaires. ;)
One of the things I despise about Tesla is that it rakes in billions in zero-emission vehicle (ZEV) credits that ICE car manufacturers have to buy from Tesla to avoid even more costly penalties assessed by the government. This is not the fault of Tesla but of federal and state regulators who have set ever-increasing goals for zero-emission vehicles as a percentage of units produced. Here are those goals set by the US Environmental Protection Agency:
2021 12% ZEV
2022 14.5%
2023 17%
2024 19.5%
2025 22%
And here are proposed ZEV goals showing a huge jump for 2026:
2026 35%
2027 43%
2028 51%
2029 59%
2030 68%
2031 76%
2032 82%
2033 88%
2034 94%
2035 and later 100%
China and Europe also have set ZEV goals, mostly in the name of fighting global warming due to CO2 emissions although health hazards from urban smog is an important secondary goal. Why do I hate the ZEV program? It’s not because I oppose lowering smog levels or CO2 emissions. It’s because I value freedom. Governments should not place their thumb on the marketplace scale although many favor such action. Additionally, I think the market will respond just fine to technology and innovation. We are already seeing consumer preference shift to the superior performance & safety, and the lower price of operating an EV. The technological disruption of ICE by EVs is well underway and, like all disruptive technologies, it will rapidly relegate ICE vehicles to a minor niche market. Polling data last year revealed almost 2/3 of car owners worldwide expected their next purchase to be an EV and that preference curve will surely continue upward.
Meanwhile, legacy auto companies must purchase more and more ZEV credits from EV manufacturers, funding their competition. I have little love for legacy auto but I have zero love for unfairness. I say let the market decide. Tesla has an enviable cash reserve of $29.1 billion. It doesn’t need to sell ZEV credits to succeed. However, as a publicly traded company, it cannot decline the sale of ZEV credits or it would surely face lawsuits by stockholders for turning down such revenues.
I don't think this is a black-and-white issue, but here are some counter arguments... First, legacy auto companies don't have to buy ZEV credits, because they could instead choose to: (1) make a higher percentage of EVs, or (2) just pay the full fine to the government rather than buying a cheaper-than-the-fine ZEV credit from Tesla to avoid paying the fine. If you watch the documentary "Who Killed the Electric Car?" you will see that legacy auto makers have a long history (predating the start of Tesla) of ignoring/sabotaging encouragement by the US government to make EVs. You shouldn't despise Tesla for selling EV credits. Instead, you should despise legacy auto makers for not making more EVs.
Second, internet searches suggest that the oil industry and ICE car manufacturers have received far more in government aid than have EV manufacturers, so if you "have zero love for unfairness", you shouldn't be complaining that EV manufacturers receive some government aid when that aid is far less than the oil/ICE industries receive.
Third, when it comes to "Betamax vs VHS video cassette recorders" or "Coke vs Pepsi", it makes sense for a government to let the market decide because there isn't a "public interest" in favoring one product over the other. However, there are several "public interest" reasons why a government would want to speed up the transition from fossil fuel-based energy and transport to a sustainable electricity-based energy and transport equivalent. The public interests that spring to mind include: (1) combating climate change; (2) reducing fossil fuel-based pollution which is responsible for 60,000+ deaths annually in the US (and a few million deaths worldwide annually); and (3) supporting the growth of US-based battery and EV companies to protect the US economy from the possibility that an ICE-to-EV transition will be successful and the vast majority of companies who make EVs being located outside of the US.
I guess you forgot the auto industry bailouts, the $7 Trillion oil industry subsidies over the years. Capitalism isn't as pure as you think. The tax code is riddled with benefits.
If Elon’s pay is reduced by a lawsuit then Tesla company will have More Free Cash Flow (FCF) to build 10 more Gigafactories for the future best-selling $25K Model 2/Mini Y. The short sellers go ahead and short Tesla for wrong reason.
These credits do not have to go to Tesla? Can they not be directed to other EV manufacturers like Rivian or even Canoo?
Other EV maker volumes are minuscule compared to Tesla in the US
Yes, any automaker which sells low-emissions vehicles will receive the credits, and they can sell their credits to any automaker which needs them because they have sold too many high emissions vehicles. However, Rivian only sold 19,410 vehicles in 2023, so it doesn't have many credits to sell, and Canoo hasn't even started production so it has zero credits to sell.
If I am Ford/GM, I am NOT giving a penny to Tesla.....I would give the money to someone that I believe would ultimately either fail, or be a target of my acquisition.@@amosbatto3051
TATAMOTORS ARE ALSO MAKING PROFITS BY MAKING AND SELLING EV.
The fossile industries gets a lots of $$$ to "stay in buisseness" if not the will propably not be profitable.
As I se it.
There are no dinosaur bones in oil its another LY.
And in reality the oil industry pays governments huge amounts of tax.
I hope the stock stop diving then.
Was at $260 a month ago, the other day at around $180
Same complaints we're made about Amazon 20 years ago.stock up, down, no net income, blah blah blah. Wall Street and day traders were livid. Those who stuck around made the real money.
So maybe you should stick around.
I don't understand the logistics of all that. Does Stellantis for example actually write a check or otherwise transfer money to Tesla? Or does the money come from a third party?
My understanding is as follows... Stellantis could pay a massive fine to the US government due to it making too high a percentage of ICE cars compared to EVs. At the same time, Tesla gets a huge number or EV credits because it makes only EVs. Tesla cannot sell its EV credits back to the government or use those EV credits to get a reduction in its tax rate. However, Tesla can sell its EV credits to Stellantis, and then Stellantis uses those to reduce/eliminate the fine it has to pay to the US government. A few years ago, I read that Tesla sells its EV credits for about one-third the fine amount, so if Tesla sells, say, $1000 of EV credits to Stellantis, then Stellantis can use that to avoid paying a $3000 fine.
Thank you for that. Must gall legacy auto to be writing checks to Tesla. @@CiaranMcHale
It's more like a stock exchange - no money passes directly from Stellantis, Ford etc to Tesla. Tesla & other carbon reducers generate credits and they are offered on the exchange, parties that need carbon offsets buy them from the exchange, there is not a 1:1 relationship between buyer and seller.
@@TB-up4xi Ok, fine there's an intermediary like a stock broker -- but real money does go from one side of the transaction to the other! Otherwise they would not report this as direct revenue (Tesla) and Ford or GM etc. would not report a negative effect in their cost of goods sold column -- or wherever they actually report it -- its still a real money outflow! It may take a few milliseconds for the transaction to complete: So splitting hairs. Another good example is the European carbon credit market for the airlines.
Sam is missing the point and skewing the picture. Any company making and selling EVs is simply following good business practices. Do what makes money. Legacy has chosen not to to some degree. There is no giving. These credits are earned and sold.
You can say that again 😮
@@davidkeenan5989do you have the data on this?
@@davidkeenan5989you can't be more wrong. The profits from the credits is about 20% of Tesla total net profit. Tesla doesn't make a loss even without those credits. Those credits are not subsidy from the government. Those are credits paid to Tesla by legacies oem that don't meet the emission requirements. Without those credits the OEM would pay a big fine yearly or unable to sell gasoline vehicles in states that have that requirement.
@@davidkeenan5989No , they just add to profit and allow more R and D as well as expansion of chargers.😊
@@davidkeenan5989clueless and massively ignorant trolling. Tesla's profits way exceed the regulatory credits and if you knew anything you'd know that but clearly you don't know anything. Take your trolling somewhere else
This means Tesla's stock price will ultimately rise.
Google is great lol
Key Takeaways. Tesla Motors was founded as an electric carmaker by engineers Martin Eberhard and Marc Tarpenning in 2003. Elon Musk, co-founder of Paypal, led the initial rounds of investing for Tesla before taking over as CEO. In 2008, Tesla released its first electric car, the Roadster.
Eberhard and Tarpenning would have had a failed startup if Musk hadn't injected the cash in Feb. 2004 to get the company started and Straubel hadn't done the technical work on the battery and drive train. Lotus only agreed to make the gliders for Tesla after Musk put in $7.5M of the $8.5M that Tesla raised in early 2004. I give Eberhard and Tarpenning credit for the initial idea of putting Tzero's tech in a Lotus body, but Eberhard was a poor CEO and Tarpenning didn't contribute much, so it was really Musk and Straubel that made Tesla work as a company.
@@amosbatto3051 Yep, 2 guys had a napkin and no money. They got money from Elon, then wasted it on a horrible design using a lotus. Then Elon took over because nobody else would and Tesla was born. Try thinking of Eberhard and Tarpenning as abusive, negligent boyfriends. Elon is Tesla's real daddy.
According to Good Jobs First's Subsidy Tracker, since 2009, Tesla has received $2.8 billion in government subsidies. About 88% of those subsidies came from states, while the rest came from federal grants. The state of Nevada has given Tesla $1.6 billion across tax rebates and grants from 2013 to 2023.
Your comment is off-topic for this video, but it is also inaccurate in its details.
@@bfree6197 Yawn. I suggest you do an internet search to find out how much Ford and GM have received from the US government. Hint: it is far more than Tesla has received. On a tangential note, if you search for "Nelson criticizes plague of cost-plus NASA contracts", you will find an article stating that SpaceX has saved the US government $40 billion, because SpaceX's prices are so much cheaper than their competitors.
The % you gave is for UK. Not for Europe US or China.
Free 💰 money.....
I guess this is good for Tesla, but I want them to win on a level playing field.
What do you mean? Tesla earns those credits, it's not Tesla fault that the legacies are not meeting emission requirements.
The emissions subsidies are skewed massively - in realty an EV uses more hydrocarbon fuel than an ICE due to power generation and all the transmission losses. But Tesla is a De ep St ate company so of course they get all the privledges
Yet governments keep tilting the field in Tesla’s favour, despite Musk telling them not to…
Tesla is on a level playing field. The Legacy OEM players are just not up to the task!
@xraylife
Show the numbers... But you can't, because that's not even close to reality.
Hello
tesla makes huge losses on every vehicle they sell? i didnt know that
Sorry, but the number is not 'nearly $2.5 billion' not even 'over $2.2 billion' but a bit less than $1.8 billion
The BEST all time investment is to get rid of the more than 400 yr old copied short selling. It will increase people’ savings hence more spending that results in higher GDP and economy will be booming. I hope all stock investors will use my sample to send request to SEC's chairman to get rid of 400 yr old copied short selling. We have more chance to succeed if much more requests are done.
And every year the detractors and Tesla haters say that it's a one off windfall. Actually, it's the gift that keeps on giving, due to the inept Legacy car makers, and their inability to built EVs. Who's laughing now?
How much do these regulatory credits sell for? (on a per vehicle offset basis).
Carbon credits are less than 2% of Tesla’s revenue.
I would be very interested to know how much, for example Stellantis, has to pay per car to avoid a fine.
@@fredbloggs5902But it's pure profit!
Sounds like racketeering
Toyota stock hit 52 weeks high yesterday just $10 from all time high
Surprising, when they have so much debt
@@jsanders100 don’t listen to these RUclips sensations about debt. The more debt Toyota gets the more money it makes. Most of the debt is buying money from banks at say 2% and loaning that to a car buyer at 5-7%
@@bydman5320so you reckon Toyota are sound despite having no ev’s?
@@jsanders100Toyota do have EV’s. Toyota has been building batteries since 2012. They have more than double the patents than anybody for solid state batteries
@@bydman5320Yes, but where are the cars?
i dont want to pay $10 for gas cant afford it. my job barley pay enough to drive 20-30 miles to work every day it costs 1 hrs pay to and from work daily. . cant afford an electric, i want one ... I think this makes people fight the change. I DO think it needs to be done so JUST Do It ICEs need to get 50+MPG. we will never get rid of oil, squeaky wheel and all but we have to reduce consumption... more better public transpo could help. Go Tesla
Jai Hinduja. Only fools will easily part with their hard earned cash. We Indians do not agree because it is like sending coal to Newcastle.
5:33 no, health costs won't go down. He who does not die of a heart attack in his 50s or 60s or or cancer in his 70s and lives with dementia for 20 years into their 90s will cost the health services more.
You’re right Sam…. Everyone beat the drum saying the credits would end soon back in 2020 and now 4 years later the faucet flows nicely. Once again Elon plays chess while everyone else plays with themselves
Let's make pay gasoline drivers completely the electric car and their cost of life too. Brave. New. World. Heil.
Lucid LCID up 27% yesterday after Motley Fool issue a buy alert.
LCID bankrupt 2025...
Lucid Motor only have 6000 costumers pr year 😢
A year ago Lucid shares were nearly $13 and with yesterday’s jump are now $3.37. You do the math :)
So Fools rushed in?
The WHO? Seriously? Sam, what you don’t know is the ultimate “inconvenient truth”. Well…the second to most inconvenient truth…the number one inconvenient truth being Christianity.
Obesity is a bigger cause of metabolic issues, stuffing your face is far worse than hyperventilating on smogy air after bairly making it across the street with that high BMI
It can be gambling Harry but in this last Tesla drop by 200 billion it was totally predictable. First you had to see that the Cybertruck was not going to be produced in any volume any time soon; then you only had to know interest rates were hurting all buyers of automobiles due to the availablity and high cost of loans; and you can see further there will be added inpacts on EV sales because many of the subsidies are being cut. You could probably have noticed Tesla cut prices; a clue that they were concerned about volumes of sales. You might even see a type of "shilling" where a stock is hyped up with little short term economic basis; because they are concerned of a massive sell off, in hopes someone will be stupid enough to buy on the hype..
Tesla has such good margins that it can afford to keep dropping its prices and still make a profit, while still growing revenue and unit sales. The mission of Tesla is to accelerate the transition to sustainable transport and grow its sales volume to 10-20 million EVs by 2030. In contrast, Tesla's competitors are already losing money with every EV that they sell, and they can't afford to cut their prices to keep up with Tesla. Having the best selling vehicle model in the world in 2023 was far more important to Tesla than having higher margins on a limited number of auto sales. Tesla is following the Toyota strategy rather than the Ferrari strategy. Toyota doesn't have the highest profit margin, but it had the most profits of any automaker in 2019, 2020 and 2021 and was number 2 in 2022 (behind Mercedes-Benz), because it sells such a high volume of cars with decent margins. Because Toyota sells 10 million vehicle per year, it doesn't need high profit margins to make more profits than any other automaker, and Tesla wants to become an ever bigger automaker than Toyota.
At the rate it is going; it will be out of business in 2 years. Their margins are so great they fell 25% last quarter and the cuts in subsidies havent' hit yet; and when they are zero, Tesla will be zero. EVs can't make a dime without stealing peoples money with the aide of the government. Lithium EVs are a failure.
Why you use India and China as pollution examples to justify the carbon tax, when Tesla earns the most credits in the west, where air is a lot cleaner?
Tesla can use the credits to build out new factories...talk about gravy.
Grasping at straws now, didn’t you listen to the conference call? Slower growth in 2024 down to 10%
Governments need to stay out of the car business. Let the buyer decide what the best car is.
I agree. Governments should just fine companies that make polluting vehicles - more and more until they stop doing it. This will make gas cars much more expensive than EVs, and then buyers can decide...
Every car manufacturer has government subsidy
What would happen if Tesla did not sell it's carbon credits? How much would it cost Tesla? How much would it cost Legacy Auto? If it cost Legacy Auto more than it cost Tesla, then as a share holder, I want Tesla to not sell the credits. I want Legacy Auto to take EVs seriously. I want them to produce amazing EVs to compete with Tesla. Imagine if the GM Bolt was only $10k and the Model 3 was $35k, both after the Gov incentive. It would actually make the Bolt a good value buy.
Cool, that should counteract the $20B Elon lost on Twitter. Oh wait.............
Tesla introducing low-cost EV kit that ships direct to your home. Box says "Some Assembly Required. Batteries Not Included"
Elon's crack cocaine 😂
In other words, Tesla's success can be attributed to government's regulations.
Carbon credits are less than 2% of Tesla’s revenue.
Carbon credits are less than 2% of Tesla’s revenue.
@@fredbloggs5902 I heard you the first time
@@i6power30 RUclips sometimes posts duplicates.
You’re clueless
Blocked
@@fredbloggs5902 reported you to spamming
Sounds a little scammy Sammy!! What about all the other industries and countries that pollute massively!!
Until you quoted the WHO I watched your videos
You lost me by using the WHO as a reason for C credits.
Unsubscribing.
Telsa Just lost 200 billion in capitalization in a month! Someone could have bet on that and become a trillionaire. Trying to convince people not to short Tesla after that looks like an uphill task.
The Austin and Berlin factories are ramping up. The car lines there will double their capacity and their battery lines there will 5x soon. Costs are dropping fast.
Shorting is gambling. One could argue that the gambling is seldom done with own money, often someone else is paying for the bets.
Tesla has lost nothing - they still have all their assets, all their employees & a growing, prosperous business. The market price of their shares is of course very volatile, but the shares have real underlying value. The only way to lose money on a stock is to sell it when its market price is below what you paid for it. Similarly, one only makes a profit by selling the stock for more than you paid for it. This is the creative miracle of the stock market - you can make both fantasy profits & fantasy losses, but nothing real happens until you buy or sell. The concept of capitalization is artificial, and only meaningful to bankers who lend based on apparent collateral value.
How much did you lose?
@@FrunkensteinVonZipperneckI lost by not shorting Tesla I should have ;and take a nice peice out of that 200 billion for myself.
Lol no one shorts Tesla stock !!!! Far better opportunities out there in 2 months Toyota shares have grown by $200 a share on awesome 2023 figures and excellent Q4 earnings and dividends with regular buy backs . Tesla share price has fallen over 30% as Tesla as a company has performed poorly . It’s own project growth target of 50% has significantly fallen by 50% !! To 20% falling since 2021. It has lost over 30% of its market share globally which wasn’t much to start with and sale volumes continue to fall in the face of good competition (KIA up 400% in BEVs) and VW ford , GM and Chinese makers Geely and BYD as pushing out China as demand In their market has significantly reduced . BYD has surpassed Tesla into the number 1 spot for BEV sales . Adding to woes Tesla has no new car coming for 2 years !! It’s innovation has failed products solar roof tiles, Tesla semi and cyber truck as production is slow low volume and not a global car can only be sold in America .
There is no shorting pressure in sight !!! And in any case taking a short position does not apply pressure it’s just a position, and it’s very rare as these positions have a time limit . Very rarely are they used it’s a myth !
Level of ignorance in this is pretty staggering. So you recommending investing in Toyota because they're going to give us the hydrogen engine and already dead in the water fuel cells and shorting Tesla because their stock has dipped. Why don't you go spend your money along those lines and report back in 5 years if you have any assets left.🎉
Your Tesla share price is down! 😂😂😂😂! Just means you always chatting BS to cure my boredom 😂😂😂
Tesla stock up 11,000% since IPO...
☝️🤡,, imagine all the EV owners 😝 pissed off because what they bought is now much cheaper and will be even more cheaper for a new EV soon. That kills sales right there
No, it is normal that early adopters pay more because of demand. I'm one of them, having bought a Legacy 2018 Model 3 & enjoy every moment I can drive it.
This man said the world governments and giant corporations care about your health 😂😂🤣😂 you lost sight of it sir
You should stick to EVs and leave out info like heath reasons that you are not an expert on.
For me, the health effects and climate change are the reason to care about EVs. I know that others have other reasons (performance, cost, infotainment systems, cool tech, etc.), but I do think that Sam Evans should comment on why EVs are better for society.