Gary Black Sells Whole TSLA Position In His FFLS Fund / "TSLA To $250" / Compact vs Robotaxi Debate
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- Опубликовано: 6 апр 2024
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Expect Gary Black to continually trash Tesla stock online until he decides to buy back in. He’s done this many times.
Same as Meet Kevin. Traders will never be investors.
If a crybaby whines in the online forest but nobody responds to him, does he make a noise?
By that logic it could be argued that Elon is driving SP down to afford his controlling position(more shares of tsla). Autonomy is Overdue and still optimistic tech but refreshes and lower cost batteries/25k vehicle and reasonably affordable truck are foundational but not executing well.
@@ricinro with Elon something ruthless and unethical is possible. I don’t trust him anymore.
@@ricinro You definitely could be right.
Great news! Gary always sells at the bottom. Time to buy!
Gary Black has his own thing, he does make mistakes.
My brother always thought that Elon is a snake oil, but now I think he is right
The Tesla 8/8 unveiling of the Robotaxi: Elon shows the warehouse where he keeps all of the Tesla's that have come off of lease that he wouldn't let the lessee's buy but has been keeping as future robotaxies (which I was just told again by Tesla Staff when I picked up a new Model 3 on lease LAST WEEK).
Now I know we're near a Bottom..............
maybe i expect q2 to be nasty also
Dca next 3 months hard
We aint even started going to the bottom . Its a car crash
Nope, way more to go
@@simonsays911 correct
13:33 I noticed a lot of FSD improvement over the past five years, but for real self driving you need to have cameras at each angle of car
because it is still impossile to use only the camera on the B pillar when you try to exit from a garage without having the front of the car
going into the coming traffic lane.
You know, the longer I’m invested, the more I despise the models used by fund managers and investment analysts. These people know too little about it, are rewarded for active trading and not for the long term gains that they could make for their clients, they’re conservative and ossified.
Perverse incentives disadvantage their clients. Jonas and Black sometimes seem to really get parts of Tesla, and then they just demonstrate that they either no longer understand, or more likely, they need to get some transactions done to get their fees in.
i think they are trying to manipulate the price of the stock like meetkaren
Elon has said in the past China will design a compact vehicle for the Chinese market, maybe part of news 8/8. Also I can see Robotaxi acceptance in China (certain cities) before U.S. China appears more progressive in this area as well as EV's.
Hey Matt,
Good content as usual.
Time to look more closely at the over 1,000,000 square feet of facility space Tesla has leased in the Austin, TX area.
The leases are in Hutto, TX just NE of Austin + leases in Kyle, TX just south of Austin
Expanding battery production in stealth mode ?
Tesla is not one to rely on Suppliers without a backup plan.
Why does everyone think there will be that much variation between the taxi and the consumer vehicle? There was no mention of the quantity of resources reallocated. Are we only talking the interior, which is basically the IP screen (which probably wouldn't change) and controls. With all controls "by wire," how many people were needed for that part of the project? 🤔
Good video as usual, thanks Matt. What Waymo considers a disengagement on its limited and manicured routes is most likely very different than what we call an FSD disengagement in complex real world situations that include the supervising driver's preferences, patience etc.
On 8/8 everyone will be focusing on the robo taxi coming from the right but there will be a surprise coming from the left
Yo Matt! I really love your foresight of buying Tesla stock and starting a RUclips channel on it as well. They're gonna accomplish so many great things...it's pretty exciting!
What I am confused about is why the Tesla Model Y is not the platform of choice for Robotaxi?
It is roomy and easy to enter due to its height in comparison to Model 3, has lots of space for groceries and luggage, is already known as the safest car in the world, is very economical and reliable, and tons of FSD data already exists.
Maybe some refinements are needed to add additional back seat cameras, perhaps automate the doors to allow easy entry, exit, and closing when the passenger does not, maybe some additional cameras such as the front bumper, maybe cameras need to be self-cleaning.
These are all small changes with low cost and even if the car costs $40K instead of the box variant costing $20k the income should overwhelm the initial cost and almost no additional capital expenditure. (remove the steering wheel and pedals optional)
Because for a robotaxi you want steer by wire which the CyberTruck acted as the test bed. Retooling the Y doesn't make as much sense as make the low cost model 2 which is needed anyone.
@@donaldhenderson1870 Why would anyone care if a RoboTaxi is steered by wire? It is a technical detail as all the current Tesla can and are steered by FSD with no issues
@@donaldhenderson1870 Pretty sure you just made up that reason because I can't imagine anyone who gets into a taxi cares about whether it is steer by wire or not.
@@jjamespacbell Steer by wire allows the Robo Taxi to be steering wheel-free.
I think the robotaxi will be a two seater, and much smaller than the Model Y.
The benefit of high volume, low cost vehicles is that mass adoption of EVs allows the build out of L2 chargers at apartments and condos as well as increased pressure to build superchargers. Ford's model T (high volume) drove the need for improving roads, expanding gas stations, and businesses serving motorists. While people can argue margins etc. If EV infrastructure stalls, EVs could falter.
Agreed. There needs to be a very useful and low cost EV to stimulate demand among those who don’t have their own garage at home to charge their car, and to create enough demand to start installing chargers in apartment buildings, street lamps, and other places.
Dude no. EV's are not going to falter. Good grief.
It also allows massive data harvesting.
@@MarkXHolland yes, and with younger drivers
@@johnfurr6060, EV faltering is happening now. Since Tesla is major player it really is the story.
I appreciate you Matt. I broke the rule…. Bought 52 shares on margin after hours on Friday… Large sum for me personally… 20% of non-margined shares….no margin held before this…my fate is now in shareholders hands….margin call coming my way?…. Bulls and Bears welcome to way in…..
I don't understand your comment about a trip over 300 miles. At 400 miles you would have to stop for 15 minutes to add the extra mileage needed. Gas is a 10 minute stop & 5 extra minutes to save a big gas bill, why wouldn't you take that option?
Happy Sunday to all
I read that as 'Happy Sunday, go to hell'. 😂
15:40 - instead of Model 2 it will be the Model C. C is for compact.
I bet they roll out the 25k car right at the end of the Robo-taxi event. That would be epic.
Model 2 effectively scrapped, per 2 nd independent report: As usual, there’s more to the story. It’s likely that Musk’s blanket denial of the report is due to Reuters claiming that the vehicle was “scrapped” and “canceled”.
Electrek can confirm that the program, which was internally called ‘NV9’, was postponed, according to sources familiar with the matter.
Musk might take issues with claiming that it is “canceled”, but the project is effectively scratched right now as Tesla is putting all resources into its self-driving effort.
According to sources familiar with the matter, Musk told Tesla’s team in Austin in December 2023 that NV9, an expansion of Gigafactory Texas for the new cheaper next-gen model, was a priority for 2024.
However, the project was recently completely defunded, and many people involved in it were laid off as part of the round of layoffs announced today.
We know by now that James is semi-bearish/highly skeptical about Tesla by nature.
However, he has been wrong in the past re. Tesla, and it appears that there is one lesson he is reluctant to accept; never bet against Elon.
Elon's like Wayne Gretzky he sees where the hockey puck is going to be
We should listen to Gary Black to get some idea about what the Wall Street is thinking.
But I would never invest in his funds, because he is too much bogged down in that kind of thinking.
I've noticed that the issues with FSD V12.3.3 are now of the kind that, in my judgement, will be solved with more data.
So far, no one has mentioned any other problems than those. But maybe those testing it so far has avoided showing what it can't do. That's the things I want to see, because it tells me so much. I'm looking for problems.that can't be fixed with just more training. Real problems!
We have seen the fantastic things. Now show us the ugly ones!
Tesla hasn't changed any plans at all.
they changed the timeline for $25k compact car ...
@@sender5804 Who cares about the timeline. No point getting emotional about that. They are making giant strides in so many different sectors and that's all you're looking at. lol lol....
@@venice2823 stock market cares about timelines, especially if Must can't deliver on Robotaxi ...
Re possible compact car, I've not heard anyone bring up the issue of Tesla Service centers being able to support significant new volumes of cars. Does Tesla Service have the capacity to service and repair a significant new volume of car without long lead times and wait?
WAYMO, WAY MO LINES OF CODE !!!!
And currently way more reliable as a robotaxi...
@@johnfurr6060 Compared to what? Tesla doesn't have a robotaxi yet. Apples and Oranges.
It really irks me when you say that if you had to drive long distances you would drive ICE. I drive 600+ km trips regularly and only have to stop twice for 15 minutes or less. My average speed is 75mph and when I drive ICE cars I would have to stop to go to the bathroom anyway. I wouldn’t go back to ICE if the car and the fuel was free.
you car resale value became half and will become unsalable soon ,,, enjloy your car as no one will ever buy it
@@watchgeek3977 Funny you should say that, with FSD V12, I don't do much driving anymore. Clearly you've never tried it. Enjoy the luddite community spirit.
Good❤ this is the patient vs impatient dichotomy. The patient always prevails in the end❤
PRIMARILY Robotaxi from Austin, but some $25k for customer sales.
Shanghai's launch of $25k cars will provide another production optimization perspective to the Austin production efforts.
Tesla robotaxi with joystick in centre so can be both left and right hand drive. Would allw simple forward backward hints for FSD when needs user to make a choice.
Airlines have long paid taxes/fee's to airports and traffic control, not a big change when it comes to space launches.
A compact for Europe without FSD does not make sense. It would be like having a phone without a built-in camera. People and Governments would insist on it. Some people need to think outside of the American mind-set. regards from the UK
What if the plan is that the compact car, robo taxi version, is produced in USA. While the other factories use the same product line as robo taxi version to produce the non robo taxi version. once regulations get approved in the country the factory is located in they switch the line to robo taxi version. Would be the best of both worlds.
Should have chosen June 9th, 4:20pm 😉
He only sold 316 shares....is that a big news? I don't think so...
There is no need for a steering wheel they can just ad a joystick when using steer by wire 🤷♂️🤫
One other thing not mentioned is that if Robotaxis is almost solved, diverting resources to making that happen means more focus on optimus.
So the US gets the minibus Robotaxi first where you will actually be able to use it and China and Europe get the Model 2 small SUV first. Both using the same gigacast modular front and rear end.
Who gives a hoot what Gary Black does, ... I never trust his judgement. Never bet against Elon.
Why is it robotaxi or the compact car. Reportedly they are just variations built on the same platform. Any significant manufacturer could produce the two in parallel.
I loved how you showed how “hard” it would be to make a drive by wire vehicle without a steering wheel driver controlled by buying a game controller. The bears are getting desperate.
Tesla still only has level 2 FSD their still not even close to have a US Government approved robotaxis.
What if Tesla could simply design and build next gen Model 3&Y&S on the new platform?
Could Tesla drive prices down enough that the Model 3 would be sub-25,000? Becuaeee something tells me with the drop in production and battery costs over time Tesla may not need to make a compact.
If Tesla was to license FSD to other manufacturers, who would assume the liability if there was an accident caused by a car driving in autonomous mode? I've been involved in several very large contract negotiations and this issues looks to me like a show stopper. No contract lawyer would allow this to go unaddressed in a contract (licensing agreement) and neither Tesla nor the OEM would likely accept the risk. I expect FSD to remain a Tesla only product.
Tesla will never release the driver from full responsibility, FSD will remain a supervised system . Tesla will keep kicking the pipe dream down the road.
The new compact car will be called Model 8.
Please Gary and Ross sell all your Tesla shares and get out..... we don't need either of you and your funds whining all the time.
Why so much fuss over a new $25,000 car? It seems to me that with lowering battery costs and engineering improvements (maybe eventually copying the new "Model 2" factory improvements which are supposed to cut mfg costs in half to the Model 3 and Y), they could eventually drive the cost of the model 3/Y down to $25,000 (at least after gov't rebate). And I don't know how much the self-driving tech costs, but once they have accumulated enough training data to have self-driving working and are running a fleet of "Model 2"s, couldn't they then sell a barebones 3/Y without FSD hardware if they really want to reach a lower price point?
10:19 My state is considering banning light bulbs because they sometimes start fires. /s
The problem of having robotaxi in the near future is not just government regulations but who is willing to insure the robotaxi at a reasonable premium.
"The problem" is going to be for insurers of other vehicles.
.
If those vehicles collide with a Tesla (any Tesla) their driver will send a report. On paper. With diagrams.
.
That company will think ... "Probably "knock for knock" if "the other guy's at fault.
.
THEN the person will see "it's a Tesla" (any Tesla!).
.
They will call Tesla, give the reference.
The Tesla employed will review:
The 360° video.
The main screen driving display.
The Navigation.
The steering output (pedals if fitted).
The speed, acceleration. braking, g force data.
The positions and speeds calculated for the other vehicles in the video.
.
They might run this through an A I designed to produce a virtual 3d representation?
.
The Tesla employee will call back and say
.
If I were you, I wouldn't bother, I'm sending you the 3d rendering, let me know what you decide".
.....
That's going to move the statistical needle for those companies.
Instead of averaging 50:50 and "skimming" on premium profit, they will be losing 30:70 at least (the Tesla's will be *avoiding* accidents).
.
THOSE companies will try increasing policy prices.
.
That won't work.
.
They're going to be disrupted.
.
Oh
Did I mention that I expect TESLA to insure the vehicles?
.
They have the DATA!
@@rogerstarkey5390 Nice thought. But the real problem for Tesla remains to be making FSD so good that the insurance premium for the Robotaxi owner is in an affordable level. FSD can never be perfect and will make mistakes. Who is going to pay for the clean up when the brown stuff hits the fan is extremely important, regardless how rare it may be.
Gary obviously thinks there is going to be a partnership to Uber.
Look when I started investing in Tesla it was because I was told during investor day that there was going to be this amazing new battery that would lower the price of their vehicles to $25 k none of that has happened yet
Model 2 effectively scrapped: As usual, there’s more to the story. It’s likely that Musk’s blanket denial of the report is due to Reuters claiming that the vehicle was “scrapped” and “canceled”.
Electrek can confirm that the program, which was internally called ‘NV9’, was postponed, according to sources familiar with the matter.
Musk might take issues with claiming that it is “canceled”, but the project is effectively scratched right now as Tesla is putting all resources into its self-driving effort.
According to sources familiar with the matter, Musk told Tesla’s team in Austin in December 2023 that NV9, an expansion of Gigafactory Texas for the new cheaper next-gen model, was a priority for 2024.
However, the project was recently completely defunded, and many people involved in it were laid off as part of the round of layoffs announced today.
I think Tesla understands that BYD will still own the compaq car market in China even if they try building their own there. Therefore I think Tesla will not bother making a consumer deliverable small car there but instead will make the robo-taxi version and totally dominate the Chinese taxi market.
In the U.S. and the EU I think Tesla will first go for robo-taxi to cement their hold on that market asap. Then later build the consumer version of the compaq car if BYD hasn't already come in and undercut them.
If Tesla can switch to all robotic labor then they may be able to hold their own in the small car market with BYD. I think Tesla's edge going forward will be their software and AI prowess.
They may not have the compute in China. They're required to keep the data from their cars in China.
Not sure why tesla can’t develope both a robo-taxi and low cost car at the same time. The 3 and Y are only 2 years apart
I would see it like this: To ramp-up robots-taxis is easier, the market will ramp slower. A low cost car need big changes to production facilities to ramp to low cost, which Tesla can't handle quickly without major investment. And it will diminish Model 3 and Model Y sales in the short term.
The “robotaxi” is another Inter planetary species tale
Here’s a reasonable hypothesis: Musk and his team are several FSD iterations ahead of Gary Black et al. Musk knows he isn’t risking anything because based on the current path of development he KNOWS autonomy will be at a minimum 10x safer than a human driver. He is certain because he understands every aspect of the remaining issues, and they are all solvable. While the Gary Blacks of the world fret over risk because they have incomplete information, Musk amuses himself by dangling cryptic images and comments.
Yes, contrary to the panicking out-of-the-loop arm chair institutional investors, autonomy is solved. Wouldn’t surprise me a bit that 8/8 was picked for the unveil because China has given Tesla the nod for FSD distribution.
Gary better be wearing his Depends on 8/8.
I think it would be safe to assume these speculators don't know what they are talking about.
I don't understand why FSD is not already seen as better than a human driver, I see it is.
James Cat doesn't even have any first hand experience. It's no wonder he's been mostly bearish. Gary Black is funny as he owns a lot less stock that a lot of individual retail investors.
FSD and Daytona 500.
WHEN
The next Gen Tesla or Robotaxi would be the EIGHTH Tesla vehicle if it is next.
There is no rational reason at all to postpone the compact car and to release a robotaxi first. That would imply that Elon has lost his mind and others at Tesla cannot impede him from making foolish actions.
In fact it does make sense since production will beat a low level coming out of Austin and they can sell Robotaxi's for $75,000-$100,000 each.
@@wadeyorke8144 That assumes that these cars could operate fully autonomously without a steering wheel. I don’t believe that they will, because of regulatory reasons and possibly because of practical issues. It would make much more sense to sell the 25K compact with a steering wheel, because these cars are guaranteed to be able to be driven and sold all over the world. Once these cars are proven to be able to operate autonomously, then start selling a pure robotaxi in the jurisdictions where they have regulatory approval.
@@wadeyorke8144 Tesla won't sell these, they will be deployed as robotaxis by Tesla, and make 100K per year each year.. That is about 500% return on investment first year per Robotaxi!
Good thing they are not.
No, it is VERY rational, as it will make Tesla money from the get go, no huge ramp required to get in the green numbers quickly. If markets demand, Tesla could add a steering wheel and pedals quite easily, once ramping up of the robotaxi is sufficient to have a portion of that be configured as a commercial car.. The difference between the Robotaxi and the commercial version will be kept to a minimum. But sure Tesla will push for robotaxis, because that will make Tesla orders of magnitude more money (and be able to ramp up Optimus production to insane levels) and will hold off making consumer compact cars as much as possible. I think Tesla deems the production of the compact car with steering wheel and pedals might not be needed.. But they wont say this, but let the market SHOW this is the case.. Why buy a car if you can hail a robotaxi for a fraction of the cost. It will be a godsend for millions that work 3 jobs and cant make ends meet, ditching a car will save people THOUSANDS of dollars.
Investors will find out soon enough the decision to go for Robotaxi's is the right one.
This announcement and hit piece of Reuters tells me Tesla knows a ton more about how well FSD is progressing, and how far regulatory bodies are to approve Tesla robotaxi's being deployed... I think it will go hand in hand.. The unveil of Robotaxi car comes probably together with an announcement that robotaxi's are alowed in some city (and Tesla owners there can deploy their Model Y's and 3's as fully autonomous robotaxi's) From the many FSD video's on YT, imho FSD is already better than Waymo and certainly better than Cruise ever was... Note that Waymo cars are monitored remotely and can be driven remotely if needed to get out of a hairy situation. That is not possible with Tesla right now, therefore FSD MUST be 10x better than human driving.. Will happen soon.
$TSLA fluctuates in price enough that if you're a short term kinda guy, it's not that hard to wait for a high point. $170 ain't it.
It was $290 nine months ago, it was $260 about 3 months ago.
_Buy High, Sell Low_
Like a lift or a train doesn't an autonomous car just have a big red stop button? That doesn't seem that far away judging by the videos. Stopped cars need recovering by an engineer.
Only now he sells? Too late moroon. It was overdue by 3 years
oooops, ...damn!
Two cars built on same platform, assume similar cost, similar battery size, Robotax would require FSD, which means much higher MARGIN. If Tesla can build only1000 these cars/wk, which one should they build, Huh`?
I will sell my TSLA in year 2031 😊
The majority of people like driving. Robo-taxi is not as popular as you may think.
$ 120 this year
It really doesn’t matter if he sells it all or not. I’m some random dude and I have almost as many shares as his fund has so it’s a non-issue. Elon already said Reuters is lying so why does everyone keep saying the 25k car is delayed or cancelled? You can make Robo-Taxis at the same time as the 25k car if it’s on the same skateboard.
The 25k consumer car is dead. Obviously. He wouldn't have hysterically announced robo taxi event otherwise, which is its own level of hilarity.. Reuters is correctly
@@reginald7214 I doubt it. He’s probably not allowed to talk much because it’s during the quiet period. Which is also why Reuters chose this timing for their nonsense.
@@reginald7214 he wouldn’t come out and say they are lying if they weren’t.
@@dang2055 because the stock was tanking on the report from Reuters as it should. I don't understand the cope. This is classic Elon. The robotaxi event isn't going to be anything special either. Another guy In spandex? I would be surprised if It wasn't even scheduled yet he just threw it all together. Huge funds based their valuations on the 25k vehicle and fsd. Neither are happening.
@@dang2055 Elon lies all the time. What in the world are you talking about? You're in an echo chamber man, get some help.
China tesla is giving 5 years zero interest loan, what do you think? Sell before too late. 😂
Purple tie draws focus, just me?
Robo Taxi itself is useless because it doesn't work yet. Gary is right
Gary is just showing his colors. I think we will be lucky if he doen't setup a play to enable a hostel takeover?
Bottom line is the bottom line. Tesla prices need to come down.
OMG can’t believe people in modern times still talk about numerology BS
Same. But they really believe in it.
@@MattPociusonTeslaMoneymost Chinese think 8 is a number they like associated with good things but not necessarily religious belief (meaning not too serious)!
@@bingguo4297It’s like 7 in Western culture.
Agree but really not so different than religions etc. invented by humans and even recent conspiracies and ethnocentric cultural beliefs, not to mention all the political craziness such as the "Elon Bad" movement. It's all drivel.
How is this surprising when zodiac signs run a third of human's life decisions?
Is it just me or has the MSM FSD FUD been drastically lower lately? Could it be that the bad players that were funding the negative FUD are now relenting to the fact that they will eventually need to put Tesla FSD into their own vehicles and so bashing FSD is now counter to their own future narrative? It's an interesting thought but hard to investigate from within my little Tesla bubble.
Nope, nobody licensing fsd anywhere. Huawei has several licensees. Model 2 scrapped, massive layoff, deliveries historic misses. Profits down. The worm has turned.
Any other proof on not prioritizing drivable m2? Is tsla just getting lazy on factories? How does it not make sense to produce drivable m2!? Internationally it'd outshine 3/Y very quickly. How long will society take to accept robotaxi? Think this timeline is underestimated, this isn't as easy as power steering was in the 60s.
He will buy back. Buy rumors sell the news. Still lots of downs comming. Pleasing wall street and macro isnt easy
Gary Black may buy back in when he sees what will happen to Tesla stock following the earnings announcement later this month. Keep in mind, Tesla had one of the worst quarters ever and sales performance will not come close to Wall Street expectations. That said, that may provide a buying opportunity because Tesla's stock is sure to take a hit. Just know that when investing in Tesla, you will need a high tolerance to the extreme volatility and uncertainty that there is with Tesla.
The point is that what was going to save Tesla was the 25k car, at the very least that’s all pushed way back, robo is extremely speculative and the problems there again could take several years if at all
What do you mean, 'save'? Tesla is crushing it.
@@MarkXHolland they missed top/bottom line last quarter, this quarter will be again hardly crushing it
Why is everyone obsessed with this stupid robotaxi car. I just can't see the reason to prioritise it over a 25000$ car for the general population, which would represent more than 75-80% of the sale. I will never buy a robotaxi car. I have been waiting to place an order for the 25000$ and was hoping for a delivery 2025. So I will need to consider a competitor like Hyundai..... if I want a car for my budget.
What sort of fund manager is he, sell low and buy high!!
lovee tesla withh 100 dollars per share that makes i can do all in .
Wait till it drop under $50, then all in.
Gary Black looks pretty white
No don't make small cars in China, they have too many already. The real wealthy Chinese wants to buy the expensive models, not cheap ones. Maybe the Roadster would suit rich Chinese.
Gary Black sold Tesla at the wrong time, up nearly 4% in pre market.
All of the Bulls bar Cathie Wood have jumped ship. Its a car crash. Dan Ives is also very negative now
@@simonsays911 Nah we've been through this many times before
Not doing so good now, eh? Oh, model 2 second report confirming it's basically being scrapped. Good times.
@@reginald7214 Already back above the level where he sold. And Model 2 being scrapped.....hmmmm doesn't look like that was true was it...
@@lucasfunkt crazy right? 55% profit miss and stock goes up. Sales numbers flat lining and stock goes up. Hybrids are destroying Bev sales right now and stock goes up. China market sales crater, stock goes up. You fanboys are wild..you hear AI and robotaxi and turn into mindless zombies...... model 2 clearly shelved. It was supposed to be built on its own line with new tech to be able to make that price point. Now you're getting a vehicle built on existing lines with more costs involved. Obviously just a knee jerk reaction from Elon, not a planned vehicle so should be the most embarrassing looking Tesla yet. I would guess 35k starting price. How in the world do you buy any of what Elon is selling? Fsd is 8 years past promised date. Cybertruck a failure. Elon's politics destroying the company and reputation. Massive layoffs for a growth company and more coming. Prices slashed, residual values tanking, fsd price halved. India gone, Mexico gone. Hertz dumping another 10, 000 Teslas because they are crap..
both the US design team in Fremont AND the Chinese teams will be designing a version of the RoboTaxi, look at it like a competition.. the Chinese version will likely be smaller and designed for the local Chinese market, while the Fremont design will be larger and more suited to our, emm, plus sized people. I hope Barry Glack sells all his TSLA, so we can finally stop hearing his “wisdom” 😂
The big challenge for licensing FSD is the learning data. The test will be the Cybertruck, give us a hint at how long it takes for Cybertruck to learn how to drive.
why does he talk so much about tesla when its so little of his portfolio
Matt Pocius on Tesla Stock & Money, This made me laugh so much! Thanks for sharing!
*THE COMPACT CAR IS ALSO THE ROBOTAXI, WITH ALL CONTROLS "BY WIRE" IT MAKES IT VERY EASY TO CHANGE CONTROLS ON/OFF, that's why you use a high margin car (cyber truck) pay for the development costs.*
Can someone explain to me why so many folks think that Model 2 and Robotaxi should be on the same compact platform? It's logical that Model 2 is smaller, but taxis in general should be spacious, right?
The Robotaxi sketch in the autobiography looks like a subcompact. 🤔
Most taxi rides are 2 or less passengers.
Pretty sure Elon is smarter than Gary Black and Ross Gerber maybe even meetKaren
So if $TSLA is about to plummet, why has ARK been buying so much recently?
ARK is one of the worst performing funds you can invest in. It routinely puts money into stocks that proceed to plunge or otherwise lose value. If you follow what they do just because they did it then you are a fool. Look at the results.
25k consumer version long gone good luck with the robotaxi pump
Thpppp! 😝
@@MarkXHolland settle down fanboy. It's ok to leave the pump sites once in a while
@@MarkXHolland 2nd report confirming the model 2 scrapping out today.
This is terrible news if they cancel model two. need to continue to show growth and profits
😂 no one has ANY proof that they have.
But seriously! What margin do you think the compact car will have? 10%? That’s a one-off £2,500 on a really good day. Plus any FSD uptake. Have you any idea what a robotaxi could generate for Tesla? People have run their numbers and I’ve seen people say $150,000 profit per annum per vehicle. Now, I very much doubt that number will be achieved, but if it’s only 1/3rd of that, it’s still hugely preferable to selling for a one off €2500…
Tesla has not canceled it right now, but what I think will happen is that they will show the world it is not necessary and then just never start making the compact car, because demand for such a car plummets.. In the mean time TENS OF MILLIONS of people use Tesla robotaxis and have ditched their personaly owned cars. (Yes, Legacy auto is f**ked if they do not take the Tesla Robotaxi license! hardware plus software)
Will not happen overnight, but will expand from one city to the other and then from county to county and before you know it from state to state to countries and the whole world. All Tesla's built since October 2019 have hardware 3 or 4 onboard computer, and be capable of being used as Robotaxi's .. This are about 5 Million cars by now.. So expansion is not limited to the Robotaxi vehicle that will be unveiled 8-8-'24. Difference is that the Robotaxi's will be owned by Tesla 100% or maybe also big fleet owners (Uber maybe, Hertz). Individuals deploying their cars as robotaxi will take a cut of the revenue... If a ride costs $1 per mile, Tesla may take 30 cents and the car owner 70 cents, something like that.
Yeah bc they want to get to this point to not grow and be profitable . Makes sense 🤦♀️
If Tesla is postponing the mass market next gen then that is bad news. It is very risky postponing you next big catalyst to bet on FSD being robotaxi ready. His multiple predictions have all been way off in the past. He needs to tell investors is they are or are not working on the next gen platform. I mean the big problem now is lack of demand due to no new models.
LOL who said they were? No one but lying Reuters.. do you guys even read or listen to all the facts?
@@fractalelf7760 the facts aren't given straight out. If they were then why was there such a stir and so many people having questions. Tesla doesn't say much, there is no PR team and we have to go off Elons cryptic posts on X. In one sentence elon could say we are still working on the small personal under 25K car for the masses.... Simple but he didn't. Instead he says 88 robo taxi. I also agree Reuters, yahoo, and every other news source is anti Tesla.
Many Tesla RUclipsrs like to complain about sensationalism in the news but isn’t this doing this same thing? His position in this one ETF was tiny and it does not represent all of the shares he is responsible for.