Ev tax credit is spoiling companies they're not trying hard enough to get prices down they all should have learned how to make ev profitable by now, but government handouts are slowing down innovation
I hope that by the time I pay off my model y I can get a cybertruck for around 50-60k dual motor. In like 5- 7 years from now. I can’t wait to get one.
Agreed, but Tesla are very smart in getting their customers to do their beta testing - not only for free, but by charging them for the privilege! Great that I'm able to follow the latest exciting progress.
The only thing that matters for FSD data is how far the car went on its own. There is no distinction between “driverless” and “supervised”. For all intents and purposes it is in a driverless state until the supervisor makes an intervention. If the miles per intervention goes up, the fact that a person happened to be in the seat for all those self driving miles doesn’t matter. The only thing that matters for the data is how far the vehicle drove without incident
I don't think trump is going to remove the tax credits for ev's. From what I've heard he want to remove federal mandates on companies requiring them to make evs based on emissions. He says you should have a choice on what you want to buy, not that we can't be subsidizing these electric vehicles.
@lucianbakerii7562 where did you see this? I haven't seen that in any of their speeches. I don't know much about JD, if I'm honest. Can you send me a link to the interview where he says this.
to be honest I want the government to stop with all the tax credits and cut their budget by A TON. then cut the taxes so I can keep my money and spend more on what I want. right now I can't afford and electric car because of all the money I have to spend to live. about 5 years ago my wife and I were seriously thinking about it and maybe even be one less than 3 years old
@@PandaKnight52 funny, seems if they didn't invest money into loosing companies, they didn't send a ton of money over seas, and so much other waste I could donate more to the police department, fire department, and such. plus be able to keep a roof over my families head instead of possibly loosing it. but what do I know, I am the bread winner for my household with 2 jobs, the auto mechanic, the handyman, the accountant, etc. the government has its use don't get me wrong. but they are way over-bloated in their spending of our money
I agree with you it breeds mediocrity. It is part of what confused Elon because a lot of money was being thrown around. Giving money without merit is very bad in any area of our lives.
EVs are more expensive to buy but much cheaper to operate. You can save a lot of money by buying an EV if you operate it a lot. If you don't drive your vehicle very much then I would stick with your gas vehicle.
I was with you until around 9 mins in. Yes, FSD is currently supervised, but Tesla have plenty of data from drives with no interventions of any kind, which is basically full autonomy with a safety driver whose driving expertise is not needed. In other words, if there had been nobody in the driver seat, it would have made no difference to the journey. Which also means that a wheel and pedals wouldn't have been necessary (on that particular drive). Those millions of miles driven DAILY on the latest versions of FSD will provide the data that they need, while a decreasing number of interventions will provide poignant data training points for future versions, and future improvements. Once the public has had a chance to digest 12.5, I believe that 12.6 will add reversing capabilities, as Elon has previously hinted at. After that, it's basically just tweaks and bug fixes, and testing and expanding to other territories as regulatory hurdles fall... Very exciting times!
We've underestimated the complexity of it many times. Elon said 12.4 would be 10x better than 12.3 and they had to pull the release cause it was way worse than they thought. Also those intervention free drives weren't necessarily the same because the driver had to wait til they were out of the parking lot to activate it or park it themself when they arrived
@@TailosiveEV True, we're not quite there yet in terms of ride starts and finishes, and AI is still like a toddler trying to escape its parents at every opportunity and acting unpredictably at times, but the speed of improvement in AI capability as a whole (not just FSD) over the past two years has been nothing short of staggering - and purely in terms of getting regulatory approval using fairly earned data from current fleet vehicles (with approaching a billion miles driven on version 12.x alone in the past six months), Tesla is fast building an ever-growing mountain of cold hard data to prove to lawmakers worldwide that at the very LEAST it deserves their attention, and hopefully sooner rather than later, low volume trials. I believe FSD has already been seen testing in recent months in both Germany and Denmark. Hopefully also Spain, where I'm based! And once that shoe drops, it will only help to dramatically accelerate the transition to high volume autonomy, in my opinion. I enjoy your content a lot, please keep it coming! 😎👍🏻
I wonder how long it will be until Tesla takes the bold step to apply for level 3 autonomy, which presumably comes with the burden of full liability and insurance risk in the event of an accident, and indemnification of any occupant of the autonomous vehicle - unless they behave inappropriately of course, like this scene from Westworld: th-cam.com/video/T6qCn_xTjLw/w-d-xo.html
No one said anything about Elon being happy with losing tax credits. There’s a huge difference between a CEO saying the company will be fine if they lose tax credits and other companies will hurt and saying it’s a good thing. Also, no one said they wouldn’t build Mexico out. Elon said they need to see what happens after the election and a little deeper, if elected, what Trump actually does if elected as it relates to tariffs on imports from Mexico. Lot of subtlety and more likely possible options left out here. PS, Trump can’t unilaterally get rid of the IRA tax credit. He never said he would or could do so, he said the EPA EV mandate would be done away with. Another pretty important point you didn’t mention at all.
It’s selling to an extent because it’s the lesser of all the evil over price of 100 K electric trucks. But you can see there is a lot of inventory sitting at the giga Texas factory and makes you wonder are these actually for customers or cancel orders and now they’re having tooffer to other people for the down the line of reservations
Elon's statements about tax credit removal helping Tesla relative to the larger EV market is not him denouncing the mission. It's merely a statement of objective truth. If competitors struggle to profit on their EV divisions currently, even with massive government support, removing said support will exacerbate their woes relative to Tesla, which naturally leads to positive Tesla shareholder returns. EV credits allow competition to remain cost-inefficient relative to Tesla regarding engineering, manufacturing, and logistics without being punished harshly in the free market. Just ask Scaringe: profiting on EVs is so difficult he had to exchange proprietary technical knowledge and best practices for cash injections from one of his largest global competitors (Folk's Wagon) in order to keep Rivian afloat.
I'm a big fan and thx for your work but I beg to do the ole differing lol... Just because of the capabilities of the truck concerning powering your home. It's a different dynamic than the Ford or Chevy situation; since Tesla has batteries that allow us to make assertions from, and from what I can tell to buy equivalent wall batteries you'd have to spend at least 50k. So that makes the Cybertruck 4080 battery pack WAY more valuable...imo. Consider a Ford F-150 raptor that could power your home for days. I think it's worth it; being the one component you'd need for energy independence.
Subsidies in the long run hurt everyone. Eliminate subsidies, tax credits, then companies have to make their cars profitable the old fashion way, that helps everyone.
If Tesla is not making over $20K on each foundation series sold in late December it will lose money on the first non foundation CTs. Yes I am ignoring what the foundation series package cost Tesla.
The money that goes towards ev tax credits would be much better spent on increasing the number of dedicated bus lanes around the country. That would also benefit many more people and be better for the environment.
@@ThatTimeTheThingHappened I completely agree, maybe if people had to pay full price for gas they would support more public transport and stop pretending that the gas tax pays for all road maintenance, and public transit must be profitable for it to be worth it to invest in. Even if you would never use public transit, you should be the greatest supporter of public transit, because more people on buses and trains means less idiots driving.
Well yeah...they forced every buyer to get fsd and all their accesories whether they want them or not after raising the price 20k. I refuse to pay 60k for a rear wheel drive truck.
I disagree with at least 80% of your views on this video. There are a whole lot of people being disingenuous about Elon's comments and also about Trump's presidency being bad for Tesla. This shows how easily people forget things and just ride on the band wagon of the current thing. A few things to note; 1. Tesla was growing at a 50% rate under Trump's presidency. In fact the whole market was doing well. 2. It was Trump that created Lordstown motors from a dying factory and they were doing well untill biden took over. 3. The EV task credit is like a wolf in sheep's clothing. As at the time it was created musk was against it and so was the majority of the Tesla community. It is one of those policy that look and sounds good on the outside but deeply problematic on the inside just like the welfare system. If you incentivize people without merit it leads to mediocrity. The mexico factory is as a result wrong policies put in place by this administration. A lot of money was being thrown around and Elon wanted Tesla to get a piece of it. I believe it was a mistake on his part as it took his eyeballs of excellence. You can't blame him for wanting a bit of the cash. 4. Are we all of a sudden forgotten about the pandemic? That reset a whole lot of things in the world and people are still in denial about it. A lot of people died and most have not recovered and most will not. 5. Noting gets done without optimism. Unless you want to maintain the status quo. Optimism creates change. Pessimism is bad for innovation. It's only good to maintain status quo like in certain aspects of our lives eg security. Optimism is Elon's greatest strength. That is why he is able yo achieve the impossible. 6. Why always point to the fact that Elon's time line is late in terms of full self driving and not give him credit for the ones that he is right about or on time which is a lot. Like Optimus, model 3 ramp, inflammation EV curve. It's a hard problem to solve and playing it down by jabbing him does not help you. In a nutshell he is doing the best he can with what is available. I love your take on certain things regarding Tesla but on this particular criticism I strongly disagree.
Personally a fan of Aptera and likely to buy an Arbarth 500e in Acid green as my first EV. Tesla's are absurdly common now which takes a bit of the zing out of their sails.
Just like EV buyers get tax breaks for buying an EV, oil companies get all kinds of tax breaks that are specific to oil production. If you want a full list you can search the internet. Effectively, it makes your gasoline cheaper and the oil companies profits larger at the expense to the tax payer that would have lower taxes if the oil companies paid more.
@@wineberryred Thanks. I’ll look into it. I know EV’s don’t currently pay the “gas tax” so that seems like a pretty significant incentive on the EV side.
@@wineberryred Seems like there could be a way to calculate charging via the grid, but I’m not sure. They could certainly approximate it, but it would be better for it to tie to actual charging. I like the concept of it being tied to usage.
wait i thought since other automakers are apparently involved in politics, elon supporting trump is a nothingburger? glad you actually sat down and thought about it instead of being snarky and dismissive. proud of you and im glad i subscribe to your channels!
Would you be willing to do a video on Tesla, Elon, and the current political landscape? I just find it difficult to know what each candidate would actually mean for Tesla and overall vehicle electrification.
This thing is cheat garbage look at the Excelerator pedal is literally made out of thin plastic and it literally snaps off because it’s so cheap. Don’t forget the glued on stainless steel sheets above the doors not one weld on the outside of that thing it’s all glued on. Just like how they did in Matilda, where they glued the bumper on.😂
Thanks for talking about the tax credit thing! I’m not a huge fan of teslas for a few reasons that I won’t get into to not start an argument in replies, but I just bought an ev as my second car very recently, and I couldn’t be happier with it. I want to own EVs into the future, and waiting mainly for range to get even better in the next decade before I get my next cars years down the line. I’m worried that without the tax credit, the hyper competitiveness of this industry is going to fizzle out and innovations will slow.
EV won't fizzle out. Why because there is a company making cheaper EV by the year. With each passing year, their EV is cheaper by ~5% and that is for the more expensive model. The cheaper soon to be in production will even be better. The market will dictate what is in and what is out based on the cost of ownership.
@@nguyep4 I wouldn’t be so sure. I think you’re coming at it from the perspective of someone who can easily afford an ev. I had to get a used one because I couldn’t afford a new and the tax credit makes used ev prices so much better than they would be otherwise because the new price gets slashed by 7500 the second it is bought. I wouldn’t have an ev if it weren’t for the tax credit, and I think many people are in that same boat. It might still advance, but at a much much slower rate, and most ev companies would fizzle out with a few remaining due to such low demand. I don’t want to see this future because like I said I love my car and want only EVs from now on, and continuing innovation would benefit me and everyone rooting for EVs greatly.
No EV enthusiast should support a system that gives a Jeep Wrangler with 20 miles of electric range $7500 of taxpayer money but an all electric Model S receives nothing. Most people I know shopping for a new car want to buy a plugin hybrid so they get the credit and still have a gas tank. It does not help support the growth of the EV industry as much as you think.
Ideas are much easier to design, engineer, and manufacture than cars. There are excellent reasons to appreciate the products Tesla produces. The reasons to respect Mr Musk dwindle almost every time he tries to communicate. I wish he hadn't consumed so much celebrity Kool-Aid. His apparent addiction to the adulation is sad.
5:55 He's been a business man from the beginning. EVs were just another means to an end. I fell for it too initially but I'm not one to blindly follow or be blindly loyal.
He's just trying to appease his fringe right. And he courts them, imo for specific reasons. That's not to say he doesn't share their ideals, but just that it's a win win.
Those orders were made based on specs and pricing during unveil. I was a serious reservation holder, but even after inflation the prices are just ridiculously high compared to what was promised.
@@battery_wattage yes, I like TSLA but Tesla (Musk) has had a history of over-promising. I'd rather it be like the Model Y, how it actually beat the timeline, but I realize a company had fiduciary responsibility to the shareholders & if the customers are willing to pay more even when the software wasn't ready, they need to sell for all the market will bear.
Elon is all over the place but the tax credits are crutch. They benefits US - to point - but they are not going to last forever. Nor should they. There’s no reason why the taxpayer should be subsidizing EVs. I appreciate how far they’ve brought us but they’re going to go sooner than later. We need the product to speak for itself and, if it puts a little more fire under Tesla to increase range and vehicle quality, the company will be better off for it. There’s enough companies trying to bring the poorest excuse of vehicles to the market (Fiskar) just in an attempt to claim a piece of a pie that is already claimed. I’m not saying there’s not room for more. I’m saying that companies need to step their game up and produce quality products rather than counting on cute little tricks and incentives for their profitability.
Yeah I mean scary and sad if Rivian and Lucid etc die due to credit removal BUT it is arguably good for Tesla shareholders wow I’d be for scaling it towards 0 by 2035 but ugh
I guess Lucid hasn’t gotten any credits since 55k car limit enacted wow I hope they do release Gravity SUV yeah sounds good! Tesla grid batteries huge opportunity!!
Let's face it, Cybertruck has been a bit of a fail for Tesla compared to the rest of their line up, profitable or not. Way more bad press (from actual owners) than previous models.
@@TailosiveEV Of course, but I don't remember this much negative press (even from actual owners) from any of the previous Tesla models. People are most disappointed in the price increase I imagine, but we know about Elon and his promises...
I don’t understand how Elon is against the EV tax credit. If anything we need to increase incentives to electrify. I thought at first him supporting Trump was so he could convince him to change his mind on evs.
So I assume you favor a political party that has made everything worse for a lot of people? The same party that says they are doing a great job but won’t let the current guy run even though he has done a great job the last 3 years. Ok 👍
@@chrisroberts3963 I think America is the greatest country in the world, a beacon of freedom and prosperity. For that reason, I think it is non-sensical to support a candidate that tried to destroy the longest-standing democracy in history.
@@eessrr please tell us how he tried to destroy our Republic? I would like to here that. We had 4 years under him and 3 1/2 of the current party. I don’t know about you but I think it’s a fact that Trump did a whole lot better.
You left out the most important part of Elon's increasingly conservative politics culminating in his trump support... THAT is what is causing a huge if not majority part of the sales slowdown. The majority of EV buyers are left of center. The current position of the American right is explicitly anti ev, while the left is pro ev. Elon is not winning over anywhere near enough conservatives compared to the people on the left who refuse to buy Teslas due to the politics of the man at the top who receives a portion of every vehicle sold. This is a huge issue, I keep meeting people who refuse to buy a Tesla explicitly due to Elons politics and this is only worsened by his endorsement. That you glossed over this is... proof that you value your Tesla stock more than the truth.
I think elon recognized the jig was up with veggie tales and took to the winning side. The donations will insure an ev future for us all. Plans within plans...
Where do you believe the money comes from for the federal tax credit ? I got news for you. You are paying for it, I’m paying for it, our kids are paying for it.
@@TailosiveEV If we're being real most of the governments money is printed. And to say most of the money goes to the military isnt true. Health insurance programs costed 1.6 trillion and scocail security costed 1.4 trillion. Not to mention all of the worthless government agencies.
RWD truck will be the least profitable. So long as Tesla can keep existing line(s) busy with the more expensive truck it make $ sense to build them. It sucks but it is economics and widely used in the industry.
The issue with the credits is it applies to hybrids that have a cellphone size battery.
Those hybrids didn’t sell at the volume teslas did
Ev tax credit is spoiling companies they're not trying hard enough to get prices down they all should have learned how to make ev profitable by now, but government handouts are slowing down innovation
I hope that by the time I pay off my model y I can get a cybertruck for around 50-60k dual motor. In like 5- 7 years from now. I can’t wait to get one.
If you increase the cost of a vehicle by 17-21% overnight by dropping tax credits you are going to impact demand (simple supply side economics).
If FSD drives around with no input from the driver isn’t that supervised FSD that can be counted as able to be unsupervised.
The thing is its NOT unable to be unsupervised… it still makes mistakes
@@lolfreakwaca4328 I don't think anyone is saying it can be unsupervised at this point in development.
Agreed, but Tesla are very smart in getting their customers to do their beta testing - not only for free, but by charging them for the privilege! Great that I'm able to follow the latest exciting progress.
@@billpole Tesla is the Apple of The Car industry…. That comes with pros AND cons…
The only thing that matters for FSD data is how far the car went on its own. There is no distinction between “driverless” and “supervised”. For all intents and purposes it is in a driverless state until the supervisor makes an intervention. If the miles per intervention goes up, the fact that a person happened to be in the seat for all those self driving miles doesn’t matter. The only thing that matters for the data is how far the vehicle drove without incident
I don't think trump is going to remove the tax credits for ev's. From what I've heard he want to remove federal mandates on companies requiring them to make evs based on emissions. He says you should have a choice on what you want to buy, not that we can't be subsidizing these electric vehicles.
JD Vance wants to remove federal tax credits for EVs and provide tax credits for ICE vehicles. He proposed greater credit for bigger vehicles.
@lucianbakerii7562 where did you see this? I haven't seen that in any of their speeches. I don't know much about JD, if I'm honest. Can you send me a link to the interview where he says this.
@@justinleopold8266he’s on record for that and you can read project 2025 but I’m sure Vance and trump like to pretend it doesn’t exist…
to be honest I want the government to stop with all the tax credits and cut their budget by A TON. then cut the taxes so I can keep my money and spend more on what I want. right now I can't afford and electric car because of all the money I have to spend to live. about 5 years ago my wife and I were seriously thinking about it and maybe even be one less than 3 years old
Without government your life will get more expensive.
@@PandaKnight52 funny, seems if they didn't invest money into loosing companies, they didn't send a ton of money over seas, and so much other waste I could donate more to the police department, fire department, and such. plus be able to keep a roof over my families head instead of possibly loosing it. but what do I know, I am the bread winner for my household with 2 jobs, the auto mechanic, the handyman, the accountant, etc.
the government has its use don't get me wrong. but they are way over-bloated
in their spending of our money
I agree with you it breeds mediocrity. It is part of what confused Elon because a lot of money was being thrown around.
Giving money without merit is very bad in any area of our lives.
Without government you will do just fine
EVs are more expensive to buy but much cheaper to operate. You can save a lot of money by buying an EV if you operate it a lot. If you don't drive your vehicle very much then I would stick with your gas vehicle.
I was with you until around 9 mins in. Yes, FSD is currently supervised, but Tesla have plenty of data from drives with no interventions of any kind, which is basically full autonomy with a safety driver whose driving expertise is not needed. In other words, if there had been nobody in the driver seat, it would have made no difference to the journey. Which also means that a wheel and pedals wouldn't have been necessary (on that particular drive). Those millions of miles driven DAILY on the latest versions of FSD will provide the data that they need, while a decreasing number of interventions will provide poignant data training points for future versions, and future improvements. Once the public has had a chance to digest 12.5, I believe that 12.6 will add reversing capabilities, as Elon has previously hinted at. After that, it's basically just tweaks and bug fixes, and testing and expanding to other territories as regulatory hurdles fall... Very exciting times!
We've underestimated the complexity of it many times. Elon said 12.4 would be 10x better than 12.3 and they had to pull the release cause it was way worse than they thought.
Also those intervention free drives weren't necessarily the same because the driver had to wait til they were out of the parking lot to activate it or park it themself when they arrived
@@TailosiveEV True, we're not quite there yet in terms of ride starts and finishes, and AI is still like a toddler trying to escape its parents at every opportunity and acting unpredictably at times, but the speed of improvement in AI capability as a whole (not just FSD) over the past two years has been nothing short of staggering - and purely in terms of getting regulatory approval using fairly earned data from current fleet vehicles (with approaching a billion miles driven on version 12.x alone in the past six months), Tesla is fast building an ever-growing mountain of cold hard data to prove to lawmakers worldwide that at the very LEAST it deserves their attention, and hopefully sooner rather than later, low volume trials. I believe FSD has already been seen testing in recent months in both Germany and Denmark. Hopefully also Spain, where I'm based! And once that shoe drops, it will only help to dramatically accelerate the transition to high volume autonomy, in my opinion.
I enjoy your content a lot, please keep it coming! 😎👍🏻
I wonder how long it will be until Tesla takes the bold step to apply for level 3 autonomy, which presumably comes with the burden of full liability and insurance risk in the event of an accident, and indemnification of any occupant of the autonomous vehicle - unless they behave inappropriately of course, like this scene from Westworld: th-cam.com/video/T6qCn_xTjLw/w-d-xo.html
I am just waiting for an Aptera or an R3
No one said anything about Elon being happy with losing tax credits.
There’s a huge difference between a CEO saying the company will be fine if they lose tax credits and other companies will hurt and saying it’s a good thing.
Also, no one said they wouldn’t build Mexico out. Elon said they need to see what happens after the election and a little deeper, if elected, what Trump actually does if elected as it relates to tariffs on imports from Mexico.
Lot of subtlety and more likely possible options left out here.
PS, Trump can’t unilaterally get rid of the IRA tax credit. He never said he would or could do so, he said the EPA EV mandate would be done away with. Another pretty important point you didn’t mention at all.
It’s selling to an extent because it’s the lesser of all the evil over price of 100 K electric trucks. But you can see there is a lot of inventory sitting at the giga Texas factory and makes you wonder are these actually for customers or cancel orders and now they’re having tooffer to other people for the down the line of reservations
Elon's statements about tax credit removal helping Tesla relative to the larger EV market is not him denouncing the mission. It's merely a statement of objective truth.
If competitors struggle to profit on their EV divisions currently, even with massive government support, removing said support will exacerbate their woes relative to Tesla, which naturally leads to positive Tesla shareholder returns.
EV credits allow competition to remain cost-inefficient relative to Tesla regarding engineering, manufacturing, and logistics without being punished harshly in the free market.
Just ask Scaringe: profiting on EVs is so difficult he had to exchange proprietary technical knowledge and best practices for cash injections from one of his largest global competitors (Folk's Wagon) in order to keep Rivian afloat.
I'm a big fan and thx for your work but I beg to do the ole differing lol... Just because of the capabilities of the truck concerning powering your home. It's a different dynamic than the Ford or Chevy situation; since Tesla has batteries that allow us to make assertions from, and from what I can tell to buy equivalent wall batteries you'd have to spend at least 50k. So that makes the Cybertruck 4080 battery pack WAY more valuable...imo. Consider a Ford F-150 raptor that could power your home for days. I think it's worth it; being the one component you'd need for energy independence.
Subsidies in the long run hurt everyone. Eliminate subsidies, tax credits, then companies have to make their cars profitable the old fashion way, that helps everyone.
This is honestly the best approach. Let people vote with their dollars.
The emperor has no clothing. Get your money out of Tesla asap.
Why do you not Short TSLA? 😂😂😂😂😂😂😂😂😂😂😂
Why do you not Short TSLA? 😂😂
Why do you not Short TSLA?
Why do you not Short TSLA? 😂
😂Why do you not Short TSLA???
If Tesla is not making over $20K on each foundation series sold in late December it will lose money on the first non foundation CTs. Yes I am ignoring what the foundation series package cost Tesla.
The money that goes towards ev tax credits would be much better spent on increasing the number of dedicated bus lanes around the country. That would also benefit many more people and be better for the environment.
The subsidies going towards oil would make an even more of a dent towards that goal…
@@ThatTimeTheThingHappened I completely agree, maybe if people had to pay full price for gas they would support more public transport and stop pretending that the gas tax pays for all road maintenance, and public transit must be profitable for it to be worth it to invest in.
Even if you would never use public transit, you should be the greatest supporter of public transit, because more people on buses and trains means less idiots driving.
I just want FSD on my Cybertruck
Well yeah...they forced every buyer to get fsd and all their accesories whether they want them or not after raising the price 20k. I refuse to pay 60k for a rear wheel drive truck.
This was a doozy
Six figures for a funny looking model 3 with a cheap interior is hard to lose money on
I disagree with at least 80% of your views on this video. There are a whole lot of people being disingenuous about Elon's comments and also about Trump's presidency being bad for Tesla.
This shows how easily people forget things and just ride on the band wagon of the current thing.
A few things to note;
1. Tesla was growing at a 50% rate under Trump's presidency. In fact the whole market was doing well.
2. It was Trump that created Lordstown motors from a dying factory and they were doing well untill biden took over.
3. The EV task credit is like a wolf in sheep's clothing. As at the time it was created musk was against it and so was the majority of the Tesla community. It is one of those policy that look and sounds good on the outside but deeply problematic on the inside just like the welfare system. If you incentivize people without merit it leads to mediocrity. The mexico factory is as a result wrong policies put in place by this administration. A lot of money was being thrown around and Elon wanted Tesla to get a piece of it. I believe it was a mistake on his part as it took his eyeballs of excellence. You can't blame him for wanting a bit of the cash.
4. Are we all of a sudden forgotten about the pandemic? That reset a whole lot of things in the world and people are still in denial about it.
A lot of people died and most have not recovered and most will not.
5. Noting gets done without optimism. Unless you want to maintain the status quo. Optimism creates change. Pessimism is bad for innovation. It's only good to maintain status quo like in certain aspects of our lives eg security.
Optimism is Elon's greatest strength. That is why he is able yo achieve the impossible.
6. Why always point to the fact that Elon's time line is late in terms of full self driving and not give him credit for the ones that he is right about or on time which is a lot. Like Optimus, model 3 ramp, inflammation EV curve. It's a hard problem to solve and playing it down by jabbing him does not help you.
In a nutshell he is doing the best he can with what is available.
I love your take on certain things regarding Tesla but on this particular criticism I strongly disagree.
Trump is going to win Elon was smart to endorse I'm not a trump fan I am a Republican
Same, Trumps not the smartest individual but after the last 3ish years the bars pretty low. So looking forward to a brighter future.
Personally a fan of Aptera and likely to buy an Arbarth 500e in Acid green as my first EV. Tesla's are absurdly common now which takes a bit of the zing out of their sails.
What’s the oil subsidy? Honestly asking cause I don’t know. 🤷🏼
Just like EV buyers get tax breaks for buying an EV, oil companies get all kinds of tax breaks that are specific to oil production. If you want a full list you can search the internet. Effectively, it makes your gasoline cheaper and the oil companies profits larger at the expense to the tax payer that would have lower taxes if the oil companies paid more.
@@wineberryred Thanks. I’ll look into it. I know EV’s don’t currently pay the “gas tax” so that seems like a pretty significant incentive on the EV side.
@@rippingbagMy state, and really every state should, charge an additional registration fee for EVs that makes up for the gas tax.
@@wineberryred Seems like there could be a way to calculate charging via the grid, but I’m not sure. They could certainly approximate it, but it would be better for it to tie to actual charging. I like the concept of it being tied to usage.
@@rippingbag That would be ideal but very hard to implement. How do people that use a solar system to charge their vehicle going to pay?
wait i thought since other automakers are apparently involved in politics, elon supporting trump is a nothingburger?
glad you actually sat down and thought about it instead of being snarky and dismissive. proud of you and im glad i subscribe to your channels!
Would you be willing to do a video on Tesla, Elon, and the current political landscape? I just find it difficult to know what each candidate would actually mean for Tesla and overall vehicle electrification.
This thing is cheat garbage look at the Excelerator pedal is literally made out of thin plastic and it literally snaps off because it’s so cheap. Don’t forget the glued on stainless steel sheets above the doors not one weld on the outside of that thing it’s all glued on. Just like how they did in Matilda, where they glued the bumper on.😂
If they can't get FSD fully working after all these years, Robotaxi is a very very long way away.
Thanks for talking about the tax credit thing! I’m not a huge fan of teslas for a few reasons that I won’t get into to not start an argument in replies, but I just bought an ev as my second car very recently, and I couldn’t be happier with it. I want to own EVs into the future, and waiting mainly for range to get even better in the next decade before I get my next cars years down the line. I’m worried that without the tax credit, the hyper competitiveness of this industry is going to fizzle out and innovations will slow.
EV won't fizzle out. Why because there is a company making cheaper EV by the year. With each passing year, their EV is cheaper by ~5% and that is for the more expensive model. The cheaper soon to be in production will even be better. The market will dictate what is in and what is out based on the cost of ownership.
@@nguyep4 I wouldn’t be so sure. I think you’re coming at it from the perspective of someone who can easily afford an ev. I had to get a used one because I couldn’t afford a new and the tax credit makes used ev prices so much better than they would be otherwise because the new price gets slashed by 7500 the second it is bought. I wouldn’t have an ev if it weren’t for the tax credit, and I think many people are in that same boat. It might still advance, but at a much much slower rate, and most ev companies would fizzle out with a few remaining due to such low demand. I don’t want to see this future because like I said I love my car and want only EVs from now on, and continuing innovation would benefit me and everyone rooting for EVs greatly.
No EV enthusiast should support a system that gives a Jeep Wrangler with 20 miles of electric range $7500 of taxpayer money but an all electric Model S receives nothing. Most people I know shopping for a new car want to buy a plugin hybrid so they get the credit and still have a gas tank. It does not help support the growth of the EV industry as much as you think.
It's not like Tesla was losing a ton of sales to Wranglers tho. Tesla by far benefitted the most from the credits
Ideas are much easier to design, engineer, and manufacture than cars. There are excellent reasons to appreciate the products Tesla produces. The reasons to respect Mr Musk dwindle almost every time he tries to communicate. I wish he hadn't consumed so much celebrity Kool-Aid. His apparent addiction to the adulation is sad.
5:55 He's been a business man from the beginning. EVs were just another means to an end. I fell for it too initially but I'm not one to blindly follow or be blindly loyal.
He's just trying to appease his fringe right. And he courts them, imo for specific reasons. That's not to say he doesn't share their ideals, but just that it's a win win.
Why would Tesla an AI SaaS company care about some tax credit for cars?
the credits accounted for a very large portion of Q2 profit...
so at the current run rate all of the orders made prior to production should be filled in 2038
Those orders were made based on specs and pricing during unveil. I was a serious reservation holder, but even after inflation the prices are just ridiculously high compared to what was promised.
@@battery_wattage yes, I like TSLA but Tesla (Musk) has had a history of over-promising. I'd rather it be like the Model Y, how it actually beat the timeline, but I realize a company had fiduciary responsibility to the shareholders & if the customers are willing to pay more even when the software wasn't ready, they need to sell for all the market will bear.
Welfare for rich people.
The poor build quality and high prices will hurt them in the long run, I think
Ok. Go Short TSLA 😂
Elon is all over the place but the tax credits are crutch. They benefits US - to point - but they are not going to last forever. Nor should they. There’s no reason why the taxpayer should be subsidizing EVs. I appreciate how far they’ve brought us but they’re going to go sooner than later.
We need the product to speak for itself and, if it puts a little more fire under Tesla to increase range and vehicle quality, the company will be better off for it.
There’s enough companies trying to bring the poorest excuse of vehicles to the market (Fiskar) just in an attempt to claim a piece of a pie that is already claimed.
I’m not saying there’s not room for more. I’m saying that companies need to step their game up and produce quality products rather than counting on cute little tricks and incentives for their profitability.
Heh, looks like this is the first non-spam comment. Thanks again for your coverage of the Cybertruck!
Yeah I mean scary and sad if Rivian and Lucid etc die due to credit removal BUT it is arguably good for Tesla shareholders wow I’d be for scaling it towards 0 by 2035 but ugh
I guess Lucid hasn’t gotten any credits since 55k car limit enacted wow I hope they do release Gravity SUV yeah sounds good! Tesla grid batteries huge opportunity!!
It truly baffle me that people care about this. 😩😂🤣😂
As far as profitability of a company like Tesla.
You need to stay out of politics a lot of people don’t like it and we’ll find another channel
Let's face it, Cybertruck has been a bit of a fail for Tesla compared to the rest of their line up, profitable or not. Way more bad press (from actual owners) than previous models.
I disagree. All early vehicles have problems. Rivians, Ford’s, Lucid’s, Teslas have all had recalls and early trips to service centers
@@TailosiveEV Of course, but I don't remember this much negative press (even from actual owners) from any of the previous Tesla models. People are most disappointed in the price increase I imagine, but we know about Elon and his promises...
Tesla's EV-truck competition is coming All over them self 😂
I don’t understand how Elon is against the EV tax credit. If anything we need to increase incentives to electrify. I thought at first him supporting Trump was so he could convince him to change his mind on evs.
He is trying to justify his support of Trump.
Great level headed analysis!
Thanks for being approprietely critical of Elon's non-sensical political stances
So I assume you favor a political party that has made everything worse for a lot of people? The same party that says they are doing a great job but won’t let the current guy run even though he has done a great job the last 3 years. Ok 👍
@@chrisroberts3963 I think America is the greatest country in the world, a beacon of freedom and prosperity. For that reason, I think it is non-sensical to support a candidate that tried to destroy the longest-standing democracy in history.
@eessrr America is not a democracy.
@@eessrr please tell us how he tried to destroy our Republic? I would like to here that. We had 4 years under him and 3 1/2 of the current party. I don’t know about you but I think it’s a fact that Trump did a whole lot better.
@@eessrr You mean Democrats who are giving us a candidate nobody voted for?? Your non-sensical talking point doesn't hold water anymore.
Drew is your left eye drooping?
You left out the most important part of Elon's increasingly conservative politics culminating in his trump support... THAT is what is causing a huge if not majority part of the sales slowdown.
The majority of EV buyers are left of center. The current position of the American right is explicitly anti ev, while the left is pro ev. Elon is not winning over anywhere near enough conservatives compared to the people on the left who refuse to buy Teslas due to the politics of the man at the top who receives a portion of every vehicle sold.
This is a huge issue, I keep meeting people who refuse to buy a Tesla explicitly due to Elons politics and this is only worsened by his endorsement. That you glossed over this is... proof that you value your Tesla stock more than the truth.
I think elon recognized the jig was up with veggie tales and took to the winning side. The donations will insure an ev future for us all. Plans within plans...
Where do you believe the money comes from for the federal tax credit ? I got news for you. You are paying for it, I’m paying for it, our kids are paying for it.
My tax rate didn't increase since they introduced the credit. Lets be real most of our taxes are spent on the military
@@TailosiveEVreally? That's your argument. Shouldn't you be more worried that Social Security and Medicare will be bust by the time you need it.
@@TailosiveEVreally? That's your argument. Shouldn't you be more worried that Social Security will be bust by the time you need it.
@@TailosiveEV If we're being real most of the governments money is printed. And to say most of the money goes to the military isnt true. Health insurance programs costed 1.6 trillion and scocail security costed 1.4 trillion. Not to mention all of the worthless government agencies.
@@Dularr Social security and medicare should be canceled. They're stupid ideas and just another scam for the government to get more money.
no hints as to the RWD Cybertruck? I assume the homemade 4680s might facilitate that.
We haven't even finished the Foundation Series Cybertruck, I'd be shocked if RWD Cybertruck comes out in 2025
RWD truck will be the least profitable. So long as Tesla can keep existing line(s) busy with the more expensive truck it make $ sense to build them. It sucks but it is economics and widely used in the industry.
Go cyber truck..........Go Elon