JPMorgan Chase was the world's worst “fossil bank,” contributing $51.3 billion in fossil fuel financing last year alone, and a total of $317 billion from 2016 to 2020. That's 33 percent more than the second-worst, Citibank, which spent $48.4 billion last year and a total of $237 billion since 2016.
Dealerships are currently gouging customers adding up to $10,000 to the retail price which is discouraging sales. You also have to wait a few months for said car. Also, insurance for new vehicles are sky high so I'm inclined to agree with Ark Invest that multiple factors are decreasing demand.
Dillon, thanks for posting the article on journalistic bribery by the auto manufacturers. Very enlightening as to how it works. I encourage everyone to read it. The piece on Ford and JP Morgan was also really enloghtening. Corruption is so pervasive. I am really glad Tesla is not engaging in these practices.
I'm retired (yes, us old guys enjoy you, too) & still like the my weekends, but having you on our Mondays, puts a fine highlight on everything! Thank you ~
Dillon, I installed the Bomely navigation screen swivel mount (from Amazon) that you mentioned, into my 2021 Model 3 LR about 6 months ago. Now I can swivel the screen to the perfect viewing angle for me. Love it!! Super simple to install for this 77 year older dude. Easy to understand step by step installation video, Took about 30 minutes. No wiring changes at all. When installed it looks OEM. I’ve had zero issues with it. I am extremely pleased with this product and recommend it highly. No I’m not connected to the product in any way. Just a very satisfied customer.
Hey guys! Hope you can be patient with me with the mobile setup...we'll be back to normal befoee you know it. Have a great day! What side do you lean? OEM's struggling due to chip shortage or lack demand?
totally fine. what your USP for this channel is for me is that come up with the news the quickest with a decent style of reporting them. keep up the good work ;)
Cathy Wood is correct. The OEM's have been bitten by their inability to innovate OR keep up with innovation. They were all reliant on 15 year old chip technology. 90nm architecture. Today most chips are in the 7-9 nm architecture that is a LOT more efficient and cheaper to produce. When the OEM's cancelled orders for the old junk the manufacturers went to the newer architecture where demand was. It has NOTHING to do with video cards which have been in short supply since the crypto mining became profitable. But the media wants you to believe in this supposed shortage. Probably because they do not want to scare investors in the OEM's who have seen demand fall off a cliff for Gasoline cars in the last 4 years.
OEMs struggling due to chip shortage, but having closed factories they may not open again due to lack of demand. Their economy of scale advantage is being eroded.
From what I am hearing, part of the chip shortage issue is that the legacy automakers are using obsolete chip technology that the chip fabs are not wanting to keep machines running for. Yes, Tesla EVs use more chips, but they also use current technology chips which are not in such short supply.
Differences in how they approach production. Tesla has shown they are not afraid to upgrade their hardware at any time... where many of the Legacy auto manufacturers are not nearly as aggressive with improving their technology. Cuts into the bottom line. Then add to the mix long term or large purchasing contracts with suppliers... Plus Tesla designs their vehicles to be upgrade friendly to make it easier to switch with minimal impact on production.
Great sleuthing wrt to JP Morgan and Ford. Not surprising but enlightening. Way to show the Bias and FUD in media and analysts. You should invite Sam Alexander on your show to discuss this as you both promote honesty in reporting. Thx
BTW at 4:55, it's not warning the driver to slow down, it only pops up during AP and is letting the driver know that the vehicle is slowing down despite maximum set speed, because the vehicles in the other lane are moving too slow, as you said.
Dillon, if you are interested in the swivel screen mount for the Model 3/Y you should promote Matt from the RUclips channel TechForum who makes this in the USA. He has a patent on his new Atlas mount. His regular side to side swivel mount is fantastic. I installed one in my Model 3. There are Chinese knock offs of Matt’s mounts. I think it would be nice if you promoted Matt’s mount as he invented it as opposed to the knockoffs. Thanks.
Dillon you’re officially my favorite place to get Tesla news. That’s based on that I’m subscribed to at least 30 Tesla related channels. It’s your style and approach. Keep it up!
I think it's mainly the chip shortage. Most of the new car lots are almost empty in my area. However, I think there is a drop in demand as well. We will see how much when they finally solve the chip shortage and ramp up production. After clearing the backlog they may see a sudden drop in sales as EVs continue to see an increase.
And Q3 numbers don't include a single vehicle from Berlin or Austin. Remember a year ago it was expected that Berlin would already be producing cars. Imagine at the beginning of the year thinking of 241,000 Q3 deliveries without a single car from Berlin or Austin.
I've been driving EV for years, I don't ever charge at home even though I could, I will drive my car to a FREE charger , and like today my wife took my to lunch in her car and I came back to my car being 100% charged and the last time I saw someone else using this charger was about a month ago , there are hundreds of free chargers all over the place if you do a little digging
I like Rivian and have been bullish on their success for some time now, but if it turns out to be true that Rivian have maliciously stolen Tesla IP then I hope Tesla sue them out of business.
good show. i went ahead & bought the S dual motor long range till my tri motor fsd cyber truck get here. i have lost of solar & backup battery system to charge them both at home.i also love spacex too.
I think it’s still is chip shortage, because I’ve heard that there are huge wait times for ice powered vehicles as well. Furthermore, rental car pricing has gone through the roof because the typical overbuild that has occurred with the legacy car manufactures is no longer the case, and therefore rental car companies are charging much higher rates because they don’t have the historic over-supply of vehicles to draw from..
I realized today that what we are witnessing is the light before the dawn. Very soon the the sun will peak over the horizon revealing the great change. Many will wake, proclaiming, “I see it!” It’s an exciting time to be alive.
Minor correction when we head into the Q4 discussion (note *Q4*, not the Q3 stuff) -- I had previously added 10k units to the total Q4 production cell as a placeholder for Texas/Berlin, but forgot about it when discussing here, so just take that into account on top of my comments.
Agree with you assessment on the numbers. I don’t care if someone thinks they should have done better. Even if Tesla has off weeks months quarters still wouldn’t matter. Such is life in business world. As far as rivian. I’m pretty sure this problem is years old no? If I remember correctly Tesla/musk accused them of this over a year ago. Right when rivian was supposed to go into production, but suddenly after the lawsuit/accusations it didn’t happen. Then they couldn’t make anything or continue developing because of covid. Reminded me of nikola without the great 😊 Trevor
I don't recognize you without the hat :). On the chip shortage... I think Cathy Woods take about inventory is already in peoples garages makes some sense. The chip shortage while real is being drug out to cover demand decrease. People have tightened their belts this year and its shows. I also believe that the legacy auto companies are slowing production to put pressure on dealerships to realize things need to change. If they are collectively smart they will give up the dealer sales model and move to service and delivery only. Customers are done haggling for cars, degree of doneness is exponentially increased as age of the consumer goes down. There is also a good chance legacy auto is preparing for a planned bankruptcy to allow for a restructure that fits an EV world.
À propos of Cathie Wood's tweet: It probably depends on the kind of chip. I have heard that the "legacy" auto makers use "old-technologie" chips whereas Tesla specifies current technologie...i.e. about 10nm resolution. For the foundries it is not economical for them to maintain old-technologie production, but the story is probably a lot more complicated than that. Concerning demand: Apparently customers are giving up in frustration/discouragement and are starting to stop shopping for a new car.
I always mention waking up to a full tank.. I also tell people it's not just the time your gas is filling up, it's the whole time you're there and getting there. Add that time over a year. I calculated I spent at least 15 hours a year. With my electric I spent under 2 this year over 2 trips.
As far as Tesla paying off some debts. Damn. They will be able to double in size even though they just did w Texas and Berlin. I am excited to see where they go from here.
Tesla likely has plenty of evidence to back up their claim, otherwise they wouldn’t waste their time and resources filing a lawsuit based on hearsay. This isn’t about Tesla throwing a wrench into Rivian’s progress. It’s about Tesla protecting their business from corporate espionage. If Rivian and other companies get away with such acts, it only hurts everyone in the long run since companies will spend more time and resources screwing each other and stealing secrets than actually innovating.
Weird that GM’s share price rose 1.6% yesterday, against the falling macro environment and despite just having announced Q3 revenues dropped 33%. How bad do things have to get before investors take a reality check?
New Tesla showroom and sevrice centre has opened near me - Reading, Berkshire UK. Basingstoke Road near National Tyres. Used to be a large Ford Dealership. Massive showroom with only one Tesla Model 3 in it (half a dozen Teslas outside) when I stopped by on my drive round Reading looking for fuel during the current fuel shortage (this should help Tesla sales in the area). Lots of IT companies in this location as it is a prime commuter location for those who work in London. Model Y not available yet in the UK.
Anyone been to a stealership recently? My friend try to buy a Camry, due to shortage, the stealership wants 5k over the MSRP!!! Needless to say he didn’t buy. Demand isn’t the issue. These stealerships will kill the legacy OEM, not Tesla or low demand by the customers.
A friend of mine was asked 6K extra for a brand new Toyota Highlander because of the shortage. Maybe that's also why their numbers are down. Dealers ripping off customers.
Industrial espionage is NOT okay, ever! IMO it should not be rewarded. Nor should it be minimized or given a bye. Definitely would not invest in Rivian as a matter of principle. It’s up to investors of conscience to set the Market tone in matters such s this. Business ethics matter. Great reporting. Love this channel.
CHARGE TIMES I say, you don’t take your iPhone to the airport to charge it - even though you could it’s much easier to charge at home and that’s what we all do. If you used the EV paradigm to describe ICE you’d say “you cannot have a gas pump at home so you have to take it to special filling station. Not so with EVs that charge at home.
Why you would need to tilt the screen? In the current implementation the screen is available equally to both front passengers. Which is fair. And during driving you do not touch the screen much anyway.
why yes, yes it would! haha i guess i meant more in terms of it being on lower tier manager lever and not company wide coming from the top. basically just hoping it's somewhat isolated but it does not seem to be the case lol
Getting caught red-handed is pretty damning. Hard to talk your way out of that one. Anyway, hub motors are a bad idea, so Rivian is likely to have lots of problems going forward, in addition to getting caught stealing from Tesla. Tesla is undoubtedly correct as I can't imagine them initiating this action without being 100% certain of the facts.
OEM’s have the ability to pivot on computer hardware but inertia and cost holds them back. They just don’t realise how holding back effects their whole process. Sales and stock are all compromised for lack of action. A failure to listen to their technologists is their biggest mistake. Depending on outsourced components follows close behind …
Remember Moore’s Law. The Auto industry ha a lot of “proven designs” that they want more production capacity for. Who is going to invest in new manufacturing facilities for yesterday’s technology? In the end, newer designs will have to be created to replace the old designs-Tesla is better positioned to use the latest technology relative to legacy auto!
"it's not apples to apples" meaning, not comparing the same thing. Apples to oranges means looking at 2 different things. But what do I know😜 Luv ya man
I am glad you mention Rob (Tesla daily) He was depressed because things did not come out the way he wanted. Never mind there is a chip shortage, or other obstacles. He was sad.
Hey Dillon, you’re great and the mobile setup is quite adequate. Rivian on the other hand has proven themselves (in the suits area, not the troops) to be bottom feeders. Too bad, seemed to be a reasonable product, now we don’t know how much was their “effort” and how much was their thievery. Take a bite of my apple, you get a slap, do it a second time and it’s Heiny kickin’ time. Here’s hoping the IPO goes well, you might not have any inventory to sell for a while.
As far as Rivian. I never had them too high in esteem to begin w. Although they were gaining points recently. Now, I don't think they have lost too many points w me, just because I never really held them too high. However, I am still excited to see what they can do. So I am somewhat mixed in feelings for them.
Apparently Toyota improved the robustness of their supply chain after the Tsunami so have not had the same degree of issues with semiconductors as the other large can makers. I not that the WholeMarsCatalogue missed them from the tweet. Knowing the sales y on y of Toyota might prove or disprove the demand vs supply chain question for legacy auto makers.
73% yes,.... but of a smaller market share. I'd accept a max 20% reduction due to chip shortage, but beyond that, SOMETHING"S UP. Something is definitely going on with FORD and GM!!
I think that other car manufacturers lack the ability to think outside the box. If they can't get components the way they are used to they just give up. Tesla invent new solutions or, like they did once, send out people to buy up all available components in the bay area. 😀
common sense should tell you that a chip shortage cannot be the problem. teslas use as many or more chips than any car, yet tesla had no problems making cars. and common sense should tell you that any decline in ICE car sales should be accompanied with a commensurate increase in EV sales. and it has. AND it should be known by everyone that legacy ICE manufacturers have some very large, very well-paid, and very astute advertising departments whose job it is to convince the public, even with evidence to the contrary, that their employer's products, and in fact their entire enterprise, is superior to all others. and that that job involves making excuses for failures when necessary. what IS disappointing, not so much for tesla owners but for tesla STOCK owners, is that given the numbers tesla stock gained less than 1% today. OTOH the whole market got hit hard today, but still.....
I could be absolutely wrong but, wouldn't legacy auto be able to require their software to be rewritten (by suppliers or inhouse)? Just a matter of costs right? I think its lack of 🍒 and/or it makes no sense to invest more into solving the chip issue to sell cars against low or no margin. Imo they are just finding reasons for their lower sales 😅 Curious what you guys think :)
And of course J.P. Morgan and Tesla have a long history; J.P. and Nikola Tesla that is. By the time I got around to going through with my Model Y order I'd decided I wanted gray instead of white. I could've asked someone, instead I just made another order. A few minutes, no problem. And I still have a white one in my Tesla account (along with two Cybertrucks - Just in case FSD became a subscription only thing. Owning FSD would clearly be the smart move over 5-20 years)
Very cool regarding the chevrons to designate being smart to slow down due to adjacent lane speed. An excellent example of the FSD future being safer than human drivers. Keep up the excellent work, Dylan!
"Deer in the Headlights" syndrome is not exclusive to automotive. "Legacy automotive" is no exception, and it will become a legacy, sadly; this (coddled) industry is completely unprepared and unable to move for a variety "valid" of fundamental reasons. Traditional photography experienced it with the arrival of the digital camera. Fiberglass decimated the wood boat industry, Henry Ford decimated the horse and carriage industry and jump-started the oil industry (ok yeah, other opinions welcome here). The upheaval TESLA presents spans multiple markets. Governments (and yes UNIONS!) need to "get out of the way" and let change find its path (you can pretend, but you have a lousy poker face). People fear change, its never easy.
I’m leaning cybertruck or RIVIAN. This shit matters to me, a lot. RIVIAN just lost a potential life long customer and now rather than bashing GM, I will let everyone I know-know Bezos and RJ can f-off.
You said a comparison was not apples to oranges, when it actually was. I think you meant to say it was not an apples to apples comparison. Otherwise great vid and keep up the great reports!
maybe it's not the demand but that thier dealers want anywhere for 5k to 10k over msrp. The stealerships they entrusted to sell thier cars has been screwing them.
JPMorgan Chase was the world's worst “fossil bank,” contributing $51.3 billion in fossil fuel financing last year alone, and a total of $317 billion from 2016 to 2020. That's 33 percent more than the second-worst, Citibank, which spent $48.4 billion last year and a total of $237 billion since 2016.
thank you for sharing this data, great to know the specifics!
Dealerships are currently gouging customers adding up to $10,000 to the retail price which is discouraging sales. You also have to wait a few months for said car. Also, insurance for new vehicles are sky high so I'm inclined to agree with Ark Invest that multiple factors are decreasing demand.
Dillon, thanks for posting the article on journalistic bribery by the auto manufacturers. Very enlightening as to how it works. I encourage everyone to read it. The piece on Ford and JP Morgan was also really enloghtening. Corruption is so pervasive. I am really glad Tesla is not engaging in these practices.
I'm retired (yes, us old guys enjoy you, too) & still like the my weekends, but having you on our Mondays, puts a fine highlight on everything!
Thank you ~
haha my pleasure reggie! hope you're enjoying your retirement!
Dillon, I installed the Bomely navigation screen swivel mount (from Amazon) that you mentioned, into my 2021 Model 3 LR about 6 months ago. Now I can swivel the screen to the perfect viewing angle for me. Love it!! Super simple to install for this 77 year older dude. Easy to understand step by step installation video, Took about 30 minutes. No wiring changes at all. When installed it looks OEM. I’ve had zero issues with it. I am extremely pleased with this product and recommend it highly. No I’m not connected to the product in any way. Just a very satisfied customer.
Hey guys! Hope you can be patient with me with the mobile setup...we'll be back to normal befoee you know it. Have a great day!
What side do you lean? OEM's struggling due to chip shortage or lack demand?
totally fine. what your USP for this channel is for me is that come up with the news the quickest with a decent style of reporting them. keep up the good work ;)
Tesla has been giving their technology away for years. But Lawyers need to feel useful.....
Cathy Wood is correct. The OEM's have been bitten by their inability to innovate OR keep up with innovation. They were all reliant on 15 year old chip technology. 90nm architecture. Today most chips are in the 7-9 nm architecture that is a LOT more efficient and cheaper to produce. When the OEM's cancelled orders for the old junk the manufacturers went to the newer architecture where demand was. It has NOTHING to do with video cards which have been in short supply since the crypto mining became profitable. But the media wants you to believe in this supposed shortage. Probably because they do not want to scare investors in the OEM's who have seen demand fall off a cliff for Gasoline cars in the last 4 years.
OEMs struggling due to chip shortage, but having closed factories they may not open again due to lack of demand. Their economy of scale advantage is being eroded.
I care about the content, not the optics.
From what I am hearing, part of the chip shortage issue is that the legacy automakers are using obsolete chip technology that the chip fabs are not wanting to keep machines running for. Yes, Tesla EVs use more chips, but they also use current technology chips which are not in such short supply.
Agreed. Legacy dependence on what they know (old stuff) definitely is a part of it.
i'm hearing the same fwiw
Exactly… There could be plenty of 16nm chips from Intel ;)
…but legacy automakers use legacy 180nm chips…
Differences in how they approach production. Tesla has shown they are not afraid to upgrade their hardware at any time... where many of the Legacy auto manufacturers are not nearly as aggressive with improving their technology. Cuts into the bottom line. Then add to the mix long term or large purchasing contracts with suppliers... Plus Tesla designs their vehicles to be upgrade friendly to make it easier to switch with minimal impact on production.
You had to know that when Bezos became involved with Rivian there would be dirty business.
It's interesting that all of that started happening as soon as Amazon got involved in Rivian.
Stop talking nonsense mate, what does that has to do with Jeff besos?! He just invested into rivian he didn't bought the company as far as I know.
@@AlphaCrucis big lol......
@@carholic-sz3qv I don't find it funny.
He’s an investor not running the company, goofy statement. Tesla crying about another company knowing their pay structure is just pathetic, who cares.
Great sleuthing wrt to JP Morgan and Ford. Not surprising but enlightening. Way to show the Bias and FUD in media and analysts. You should invite Sam Alexander on your show to discuss this as you both promote honesty in reporting. Thx
BTW at 4:55, it's not warning the driver to slow down, it only pops up during AP and is letting the driver know that the vehicle is slowing down despite maximum set speed, because the vehicles in the other lane are moving too slow, as you said.
thank you for the clarification!
Dillon, if you are interested in the swivel screen mount for the Model 3/Y you should promote Matt from the RUclips channel TechForum who makes this in the USA. He has a patent on his new Atlas mount. His regular side to side swivel mount is fantastic. I installed one in my Model 3. There are Chinese knock offs of Matt’s mounts. I think it would be nice if you promoted Matt’s mount as he invented it as opposed to the knockoffs. Thanks.
this is great information, thank you for taking the time to share. i will mention this in tomorrow's episode!
@@DillonLoomis22 Sure. Here is a link to one of Matt’s videos regarding his swivel screen mount: ruclips.net/video/BIjdHtE_D_Q/видео.html
Dillon you’re officially my favorite place to get Tesla news. That’s based on that I’m subscribed to at least 30 Tesla related channels. It’s your style and approach. Keep it up!
Battles are one thing but poaching and steeling are another !
The easy ordering is no joke. My fingers also made me buy a model y over the weekend. It all happened so fast.
I think it's mainly the chip shortage. Most of the new car lots are almost empty in my area. However, I think there is a drop in demand as well. We will see how much when they finally solve the chip shortage and ramp up production. After clearing the backlog they may see a sudden drop in sales as EVs continue to see an increase.
And Q3 numbers don't include a single vehicle from Berlin or Austin. Remember a year ago it was expected that Berlin would already be producing cars. Imagine at the beginning of the year thinking of 241,000 Q3 deliveries without a single car from Berlin or Austin.
EXACTLY!!!! Q2 2022 WILL BE MIND BLOWING!
Thanks for another great show packed with relative information Dillon!!!!
BTW You should keep that look amigo.
my pleasure gordon! and thanks...maybe i will! lol
I've been driving EV for years, I don't ever charge at home even though I could, I will drive my car to a FREE charger , and like today my wife took my to lunch in her car and I came back to my car being 100% charged and the last time I saw someone else using this charger was about a month ago , there are hundreds of free chargers all over the place if you do a little digging
I like Rivian and have been bullish on their success for some time now, but if it turns out to be true that Rivian have maliciously stolen Tesla IP then I hope Tesla sue them out of business.
I agree with Andrew Steel.
Love all the positive vibes emanating from your videos. Kudos Dillon!
good show. i went ahead & bought the S dual motor long range till my tri motor fsd cyber truck get here. i have lost of solar & backup battery system to charge them both at home.i also love spacex too.
8:46 thank you for using data as a plural
In driving between PA and Colorado last week along I70, the car dealerships I passed didn’t seem to have any lack of inventory!
A particularly info packed video today, thanks. I always enjoy your perspective, as it's a bit different than some of the others.
glad to hear that, thanks for sharing!
I think it’s still is chip shortage, because I’ve heard that there are huge wait times for ice powered vehicles as well. Furthermore, rental car pricing has gone through the roof because the typical overbuild that has occurred with the legacy car manufactures is no longer the case, and therefore rental car companies are charging much higher rates because they don’t have the historic over-supply of vehicles to draw from..
I realized today that what we are witnessing is the light before the dawn. Very soon the the sun will peak over the horizon revealing the great change. Many will wake, proclaiming, “I see it!” It’s an exciting time to be alive.
Definitely not lack of demand. Evidence: used car market sales prices are out of sight.
Tesla's stated goal has always been 50%annual growth, hasn't it? By that measure they are well on the way to beating that goal
It's 50% CAGR for this decade. This means it will be faster in the beginning.
yep, you are correct!
JP Morgan Ford connection. Thanks! Really good info. Well done.
Three free colors. Pearl, black and silver. Just a suggestion.
Minor correction when we head into the Q4 discussion (note *Q4*, not the Q3 stuff) -- I had previously added 10k units to the total Q4 production cell as a placeholder for Texas/Berlin, but forgot about it when discussing here, so just take that into account on top of my comments.
I think lack of demand for those boring old things
None of my business I know, but ball caps reduce apparent IQ by about 25 points. Not good for the image, so best left off.
Ford factory near me closed for like a couple weeks. Probably because of the shortages. Saying it's because of demand is a little extreme.
thank you so much for your awesome updates and news!
it's my pleasure! thanks for watching!
Agree with you assessment on the numbers. I don’t care if someone thinks they should have done better. Even if Tesla has off weeks months quarters still wouldn’t matter.
Such is life in business world.
As far as rivian. I’m pretty sure this problem is years old no?
If I remember correctly Tesla/musk accused them of this over a year ago.
Right when rivian was supposed to go into production, but suddenly after the lawsuit/accusations it didn’t happen. Then they couldn’t make anything or continue developing because of covid.
Reminded me of nikola without the great 😊 Trevor
I think it's great we're finally throwing the FUD back at them.
I don't recognize you without the hat :).
On the chip shortage... I think Cathy Woods take about inventory is already in peoples garages makes some sense. The chip shortage while real is being drug out to cover demand decrease. People have tightened their belts this year and its shows. I also believe that the legacy auto companies are slowing production to put pressure on dealerships to realize things need to change. If they are collectively smart they will give up the dealer sales model and move to service and delivery only. Customers are done haggling for cars, degree of doneness is exponentially increased as age of the consumer goes down. There is also a good chance legacy auto is preparing for a planned bankruptcy to allow for a restructure that fits an EV world.
À propos of Cathie Wood's tweet: It probably depends on the kind of chip. I have heard that the "legacy" auto makers use "old-technologie" chips whereas Tesla specifies current technologie...i.e. about 10nm resolution. For the foundries it is not economical for them to maintain old-technologie production, but the story is probably a lot more complicated than that. Concerning demand: Apparently customers are giving up in frustration/discouragement and are starting to stop shopping for a new car.
I always mention waking up to a full tank.. I also tell people it's not just the time your gas is filling up, it's the whole time you're there and getting there. Add that time over a year. I calculated I spent at least 15 hours a year. With my electric I spent under 2 this year over 2 trips.
wowza...that's good data, thanks for sharing!
As far as Tesla paying off some debts. Damn. They will be able to double in size even though they just did w Texas and Berlin. I am excited to see where they go from here.
Very informative well presented thank you.
Curious to see what evidence Tesla has. I will cancel my R1s pre-order if there is validity to Tesla claims win or lose
Tesla likely has plenty of evidence to back up their claim, otherwise they wouldn’t waste their time and resources filing a lawsuit based on hearsay. This isn’t about Tesla throwing a wrench into Rivian’s progress. It’s about Tesla protecting their business from corporate espionage. If Rivian and other companies get away with such acts, it only hurts everyone in the long run since companies will spend more time and resources screwing each other and stealing secrets than actually innovating.
I will look very differently on Rivian if there is solid evidence of wrong doing. I hope it is not true.
Well if they caught a person in the process there will be evidence.
Weird that GM’s share price rose 1.6% yesterday, against the falling macro environment and despite just having announced Q3 revenues dropped 33%. How bad do things have to get before investors take a reality check?
It does change my perception of rivian. I am deeply saddened. Rivian must go the tesla route- eating glass while hanging over the abyss.
New Tesla showroom and sevrice centre has opened near me - Reading, Berkshire UK. Basingstoke Road near National Tyres. Used to be a large Ford Dealership. Massive showroom with only one Tesla Model 3 in it (half a dozen Teslas outside) when I stopped by on my drive round Reading looking for fuel during the current fuel shortage (this should help Tesla sales in the area). Lots of IT companies in this location as it is a prime commuter location for those who work in London. Model Y not available yet in the UK.
Anyone been to a stealership recently? My friend try to buy a Camry, due to shortage, the stealership wants 5k over the MSRP!!! Needless to say he didn’t buy. Demand isn’t the issue. These stealerships will kill the legacy OEM, not Tesla or low demand by the customers.
A friend of mine was asked 6K extra for a brand new Toyota Highlander because of the shortage. Maybe that's also why their numbers are down. Dealers ripping off customers.
Dealerships accelerating the trend!
Congrats Tesla Team👍👍👍 you guys Rock 🚀
Great job Dillon. Informative and to the point. Love it
Industrial espionage is NOT okay, ever! IMO it should not be rewarded. Nor should it be minimized or given a bye. Definitely would not invest in Rivian as a matter of principle. It’s up to investors of conscience to set the Market tone in matters such s this. Business ethics matter. Great reporting. Love this channel.
CHARGE TIMES I say, you don’t take your iPhone to the airport to charge it - even though you could it’s much easier to charge at home and that’s what we all do. If you used the EV paradigm to describe ICE you’d say “you cannot have a gas pump at home so you have to take it to special filling station. Not so with EVs that charge at home.
Meh tilting screen could get annoying if you are just trying to press the screen and it moves /gives a lil
Why you would need to tilt the screen? In the current implementation the screen is available equally to both front passengers. Which is fair. And during driving you do not touch the screen much anyway.
Demand is down for very expensive ICE vehicles. Higher initial quality makes used vehicles much more desirable.
Demand roll-off is hidden by chip shortage.
It makes no sense. My employer can’t source vehicles from GM/Ford. It’s not a demand problem unless you buy this nonsense.
comparing topping up your Tesla to charging your phone overnight, great analogy!
Lol..... as long as you have a place to charge your EV at home!
@@carholic-sz3qv of course I will have a charger in my garage
Does it change your perception when your neighbor steels your stuff from your house Dillan ?
why yes, yes it would! haha i guess i meant more in terms of it being on lower tier manager lever and not company wide coming from the top. basically just hoping it's somewhat isolated but it does not seem to be the case lol
The Rivian is 7000 pounds.
Getting caught red-handed is pretty damning. Hard to talk your way out of that one. Anyway, hub motors are a bad idea, so Rivian is likely to have lots of problems going forward, in addition to getting caught stealing from Tesla. Tesla is undoubtedly correct as I can't imagine them initiating this action without being 100% certain of the facts.
Where did you see that Rivian was caught red handed? Also Rivian doesn't have hub motors, not sure where your getting your information.
good points here irvin, per the usual. thanks for sharing! we'll chat here soon!
Effortless ordering but painful waiting ...
OEM’s have the ability to pivot on computer hardware but inertia and cost holds them back. They just don’t realise how holding back effects their whole process. Sales and stock are all compromised for lack of action. A failure to listen to their technologists is their biggest mistake. Depending on outsourced components follows close behind …
Great video. As usual. (Hair is onpoint.)
haha awe gee thanks ma!
Your haircut looks clean.
hey thanks! much appreciated lol
Tesla isn't suffering from lack of demand. The Legacy ICE guys maybe but not Tesla.
Remember Moore’s Law. The Auto industry ha a lot of “proven designs” that they want more production capacity for. Who is going to invest in new manufacturing facilities for yesterday’s technology? In the end, newer designs will have to be created to replace the old designs-Tesla is better positioned to use the latest technology relative to legacy auto!
"it's not apples to apples" meaning, not comparing the same thing. Apples to oranges means looking at 2 different things. But what do I know😜
Luv ya man
haha did i get it goofed up...i'll have to find that part and go rewatch. thanks for keeping me on my toes phil. luv ya bro!
I am glad you mention Rob (Tesla daily) He was depressed because things did not come out the way he wanted. Never mind there is a chip shortage, or other obstacles. He was sad.
Hey Dillon, you’re great and the mobile setup is quite adequate. Rivian on the other hand has proven themselves (in the suits area, not the troops) to be bottom feeders. Too bad, seemed to be a reasonable product, now we don’t know how much was their “effort” and how much was their thievery. Take a bite of my apple, you get a slap, do it a second time and it’s Heiny kickin’ time. Here’s hoping the IPO goes well, you might not have any inventory to sell for a while.
that looks like an exponential growth curve
It seems to be a general lack of demand.
As far as Rivian. I never had them too high in esteem to begin w. Although they were gaining points recently. Now, I don't think they have lost too many points w me, just because I never really held them too high. However, I am still excited to see what they can do. So I am somewhat mixed in feelings for them.
i can relate to this lol
@@DillonLoomis22 then maybe I won't get as much hate mail as I thought lol
supply issues, lack of demand, you forgot to mention lack of desire by companies to produce BEVs.
Doesnt change how I think of Rivian. I have always thought they were snakes in the grass.
Apparently Toyota improved the robustness of their supply chain after the Tsunami so have not had the same degree of issues with semiconductors as the other large can makers. I not that the WholeMarsCatalogue missed them from the tweet. Knowing the sales y on y of Toyota might prove or disprove the demand vs supply chain question for legacy auto makers.
Definitely lack of demand
73% yes,.... but of a smaller market share.
I'd accept a max 20% reduction due to chip shortage, but beyond that, SOMETHING"S UP. Something is definitely going on with FORD and GM!!
Lack of Demand. Fewer and fewer people are updating their ICE cars and waiting for an EV alternative.
Think Dillon meant to say It's not APPLES TO APPLES. LOL.
It actually IS apples to oranges, i.e., comparing two *different* things.
yes, yes indeed haha good catch!
Damn right it changes my perception of Rivian!
I think that other car manufacturers lack the ability to think outside the box. If they can't get components the way they are used to they just give up. Tesla invent new solutions or, like they did once, send out people to buy up all available components in the bay area. 😀
common sense should tell you that a chip shortage cannot be the problem. teslas use as many or more chips than any car, yet tesla had no problems making cars. and common sense should tell you that any decline in ICE car sales should be accompanied with a commensurate increase in EV sales. and it has. AND it should be known by everyone that legacy ICE manufacturers have some very large, very well-paid, and very astute advertising departments whose job it is to convince the public, even with evidence to the contrary, that their employer's products, and in fact their entire enterprise, is superior to all others. and that that job involves making excuses for failures when necessary.
what IS disappointing, not so much for tesla owners but for tesla STOCK owners, is that given the numbers tesla stock gained less than 1% today. OTOH the whole market got hit hard today, but still.....
I could be absolutely wrong but, wouldn't legacy auto be able to require their software to be rewritten (by suppliers or inhouse)? Just a matter of costs right? I think its lack of 🍒 and/or it makes no sense to invest more into solving the chip issue to sell cars against low or no margin.
Imo they are just finding reasons for their lower sales 😅
Curious what you guys think :)
Not, Tesla is so shitty, they leave to other manufacturers.
yoke is an apple like suborn move
i hate that
I think Mat Black would be extremely hard to maintain, I don't think light scratches can be buffed out ?
Nicely done Dillion! The level of content and accuracy weren't affected by you being on the road. Safe travels!
Gr8 show
Went to a Subaru dealership this weekend and they said new cars are taking 3-4 months to get, so I don’t think demand is the issue for them.
And of course J.P. Morgan and Tesla have a long history; J.P. and Nikola Tesla that is.
By the time I got around to going through with my Model Y order I'd decided I wanted gray instead of white. I could've asked someone, instead I just made another order. A few minutes, no problem. And I still have a white one in my Tesla account (along with two Cybertrucks - Just in case FSD became a subscription only thing. Owning FSD would clearly be the smart move over 5-20 years)
Very cool regarding the chevrons to designate being smart to slow down due to adjacent lane speed. An excellent example of the FSD future being safer than human drivers.
Keep up the excellent work, Dylan!
Dillon without his cap today... 👀
"Deer in the Headlights" syndrome is not exclusive to automotive. "Legacy automotive" is no exception, and it will become a legacy, sadly; this (coddled) industry is completely unprepared and unable to move for a variety "valid" of fundamental reasons. Traditional photography experienced it with the arrival of the digital camera. Fiberglass decimated the wood boat industry, Henry Ford decimated the horse and carriage industry and jump-started the oil industry (ok yeah, other opinions welcome here). The upheaval TESLA presents spans multiple markets. Governments (and yes UNIONS!) need to "get out of the way" and let change find its path (you can pretend, but you have a lousy poker face). People fear change, its never easy.
Great link to the German Hit piece ZDF’s is trash, good for Alex to call them out!
If Tesla has a chip work around then demand would be a combination of both demand and chip shortage with chip shortage carry much of the weight.
I’m leaning cybertruck or RIVIAN. This shit matters to me, a lot. RIVIAN just lost a potential life long customer and now rather than bashing GM, I will let everyone I know-know Bezos and RJ can f-off.
Wouldn't it be more sensible to compare Tesla with other recent EV start-ups like BYD?
You said a comparison was not apples to oranges, when it actually was. I think you meant to say it was not an apples to apples comparison. Otherwise great vid and keep up the great reports!
maybe it's not the demand but that thier dealers want anywhere for 5k to 10k over msrp. The stealerships they entrusted to sell thier cars has been screwing them.
Good on Elon. I've never understood why companies won't allow at least one ear bud. It's like they can't stand you being happy.
It's safety paranoia. Has nothing to do with people being happy; they don't want the liability if you get hurt.
Considering I tried to order a jeep track hawk from 2 dealers and told no. So yah chip shortage or whatever it is