Tesla's Unmitigated Disaster | Tesla Stock & Delivery Crash.
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
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00:00 The EV Adjustment.
05:30 The EV Demographics.
08:54 Elon Musk's Posts.
14:54 The Stock Pricing.
22:35 How to Solve the Tesla Problem.
📝Disclaimer:
This video is not personalized advice for the viewer.
#meetkevin #househack #JuneVegasEvent
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As I hit post, this update came in: GENERAL MOTORS CO - INCREASED RETAIL SALES BY 6% YEAR-OVER-YEAR AND DELIVERED 594,233 VEHICLES IN THE U.S. IN THE FIRST QUARTER OF 2024
They did not deliver almost 600,000 vehicles. If you believe that I have ocean front property in Kansas to sell you. You can't count Vehicles as delivered when they are sitting in a parking lot in Michigan rotting by the thousands
electric cars hypocrisy, they are essentially coal powered, use extremely rare minerals (e.g. non-renewables) mined by child slave labor in Africa, and at the end of the cycle you have highly toxic batteries, that are currently not being recycled. So in what world do electric cars save our environment?
But, it could change if:
- we use nuclear energy generation for majority of our energy
- we use some solid state or metal oxide hydrate batteries or hydrogen fuel cells
- have robust recycling program
- have transparent certification for how battery materials are being sourced
It’d be interesting to see how many democrats wanted to buy an EV before him buying twitter versus now
Like use the internet Time Machine or whatever it’s called
@@ivan333777Cripes dude, we DO have to break some of those eggs to make this omelette... Tesla is the most efficient and least harmful of all options!
Your numbers are based on MSM garbage, please do your research before vomiting this crap!
60 year old conservative here. LOVE my Tesla Model Y. Holds a ton of guns! :)
The question is: are Tesla sales declining more than the other car brands?
BYD is on the headlines to overthrow Tesla
Look at Toyota 🎉🎉 selling like cakes
Just wait until gas goes up to $7 a gallon next year after the left steals another election. People will be lined up trying to buy EV’s
@@shancunma6001 I thought Elon Musk said their QoQ sales declined 40%. Is that true?
@@alexandergr9856 I'm gonna check it out, thanks 🙏
If Tesla wants to get back into growth, they need to release the model 2(small economy model) and an 8+ passenger van. They need to provide models for different demographics of owners. I love tesla but they dont sell a vehicle that works for my family.
Do they sell any vehicles that work for large families?
Until the Cybertruck I wouldn't say they sell a vehicle for fat people (part of the reason people buy trucks is they're 300lbs)
waiting an hour to charge with a van full of kids sounds appealing.
They completely missed the boat on cargo and delivery vans, and allowed a newcomer to squeeze in and contract with Amazon. Huge missed opportunity, huge. Because these companies buy new ones every 2-3 years no matter what.
Do you think they should be valued at over 500B if they are making low margin and affordable vans? Tesla is easily overvalued by 2x.
@@insight-informer You are talking about taking long road trips with kids. 1. charging doesn't take that long. You can drive, park at the burger king or whatever restaurant with the charger, plug in, kids need to use the bathroom, get some food stretch their legs for 30 minutes and then get back on the road. It does not appear you have travelled with kids before. 2. that excludes the much much more common daily use from a "soccer mom" Daily driving kids to school. Costco, trips to the zoo or the museum or all the local stuff around town. Now you can come home, plug your van in and in the morning have a full "tank" to drive the kids around town in a vehicle that almost never needs maintenance. Which also happens to be one of the safest cars ever made.
Tesla waited too long on low cost cars... instead they wasted too much time and resources on Cybertruck..
As a right leaning centrist, I'd seriously consider an EV if the government passed some right to repair legislation.
Kev is a super smart dude, I really liked his analysis.... he is really straight and forward and open about the reality which is awesome! He is spot on, no one- overall speaking- is going to pay 12k for imperfect FSD ... thats a joke
Kevin I have a theory about EV in Republican states. Think about it we don’t have big city’s with everything. We don’t have the infrastructure for chargers. We are to spread out. For instance the closest IKEA for me is 4 hours away. With a lot of nothing between. A EV would work for just day driving and charging at home. But most of us need to do so much more with our cars.
Man thanks for saying this Kevin, been thinking of exactly this as being a big problem in tesla demand.
Alot of people whod love a tesla cant afford one, let alone a house witb a garage to charge it in. I wish apartment complexes with huge parking lots like mine had rows of chargers lol.
Future is robo-taxi and not car ownership. Personal mobility cost per mile will be much less than with legacy/ICE cars
I live in a newer apartment complex with 4 Blink chargers. Most of the time, Tesla owners will park there without charging, which is yet another problem.
How do I set up alerts for selling and buying on the stock group? I joined the course last year
Dear Kevin, you are making good points. Totally agree with you especially on the face of Tesla.
Can you talk about the rest of the auto makers and where they came in for comparison? Seems like auto industry as a whole due to it being interest rate sensitive. Is it only Tesla in the auto industry that’s is missing deliveries and stock is down?
The economy in general is overextended. How well are other vehicle brand sales going?
Excellent take on Elon’s politics affecting Tesla. I called this after the left left me tweet. I still have nothing but respect for the guy, and wish other CEO’s had an ounce of his character.
i have wayy more respect for elon for actually speaking up for whats right. he is doing the right thing
Your best and most honest video this year... exactly what a Tesla shareholder feels right now/ TORN
Well said. Great way to put the politics and value of FSD in perspective in the used market..
Ciao Kevin, how do you see YRD? It has more cash than Market Cap. It earns very well and has no debts. It’s a buy! Target 17$.
$17 ? 🤔😳
@@thebesttheworst2277 yes, 15$ is conservative!
Really appreciate everything you do. Just keep grinding.
Does TESLA and most Electric vehicles follow the same situation you pointed out I the AI video about there is a major upgrade slope and then and then a leveling off and drop in demand🤔🤔🤔🤔🤔
Imagine where sales would be without the price cuts lol
We need a large, 3 row SUV. This would help with demand. A Cyber SUV maybe?? I can’t imagine this would be too challenging on the Cybertruck platform. Also, where’s our Transit Van?!
Right to repair is a big problem for Tesla
I personally know several people who will never own a Tesla because of elons comments and media portrayal. 3 of them went to by a mach e, polestar, and ioniq..
They let their politics get in the way and drive inferior and less safe cars. Good choice.
so you are surrounded by liberals that refuse to see the obvious truth
Rivian 😂
Hopefully Elon watches this. Great advice for Tesla. Elon's been a drag on the stock for a good while now, but what does he care, he's uberrich already, while shareholders suffer because of his nonsense.
I would buy an Aptera as a 2nd car if they ever get them into production
I lost access to my old discord. How do I get back in with my new discord
What about the idea to use the cash to give out low interest loan to its customers but raise the price of the cars
Q2 2023 deliveries was 466k. Q2 will come in light again and I can see full year numbers going backwards vs 2023. Valuation will need to come back in alignment with more reasonable growth assumptions. More pain to come.
YES. I got a 2022 Model Y with 32k miles all included for $41k last month.
Be patient. The earnings call will be the true buy the dip opportunity if they can guide or not with direction and future plans that will show Tesla on how they’re moving forward or not. With that said, it can go much lower if Elon starts to cry again on the call. Election year is coming too, so, Elon’s tweets will crush it too.
Fair take
what are the q1 numbers for other car makers?
Just saw this: GENERAL MOTORS CO - INCREASED RETAIL SALES BY 6% YEAR-OVER-YEAR AND DELIVERED 594,233 VEHICLES IN THE U.S. IN THE FIRST QUARTER OF 2024
they are UP in all major markets ...
Lots of the traditional car company has sales growth for q1.
Reasons to not get caught up in the day to day drama: Cybertruck ramping is happening. Now hundreds of CT’s can be spotted at the factory waiting for delivery. Model 3 Highland is awesome. Model Y best selling car in the world! It will also see a refresh soon. New versions of FSD are amazing. They really made some break-throughs with the new training. Energy storage is growing rapidly, record quarterly deployment was reported today with delivery numbers. Tesla’s lithium refinery is currently under construction and will support one million EV’s by 2025. Tesla’s insurance business grew over 100% last year. The next generation vehicle assembly line is being built now. I wouldn’t be surprised if we see them later this year. Battery production will continue to ramp and Semi trucks will start to be produced in large numbers in 6-12 months. Tesla also has strong partnerships with Panasonic and CATL. They have the best charger network that has become the standard and will produce billions in profit in the coming years. And if all that isn’t enough, Optimus has a chance at eclipsing everything. And they have a genius running the show.
When do you guys think we get Cybertruck deliveries in high volume and when will Tesla stock go back over $300?
- 2026 - Probably only if/when Tesla gets a new CEO.
The first of never.
Anyone remember those Apple Watch ads which they tell stories from the user’s perspective about how the Apple watch saved their lives? If Tesla promoted FSD and their passive safety features like how Apple promote their watches Tesla products will fly off the shelves. What they need in terms of advertising is to focus on the potential buyer’s emotion. It’s not just about the specs and what the product can do, it’s also about how the product makes you feel.
Remember, the next gen vehicles will pump up unit sales greater than the current models.
FSD stays with the car now?
great analysis comrade. short shorts historian has included you in their tweets
Did Telsa put up prices at the start of April as they warned in late March or was it just B*shit?
Teslas are great vehicles, but not perfect for everyone. We just bought a new Mitsubishi Outlander PHEV SEL (traded in spouse's 2017 Honda CRV, keeping my 2017 Nissan ICE as second vehicle) because the range is around 60-70kms and most days she works she travels around 80kms overall. Being able to plug it in literally anywhere there's a 110v plug is epic even though it takes around 15 hours to process a full empty to full charge, with the capacity to use level 2 and 3 chargers elsewhere, while traveling really helps. The caviat, it's a real SUV with the space we need. If there were full SUVTeslas, we may have went that way, but there aren't yet. Model Y is more like a hatchback, not suitable for commercial painter who carries ladders inside and out of the vehicle. If they end up coming out with something in the near future, I may trade in my Nissan for one. Otherwise, they are clearly missing out on a type of SUV consumer. Regardless of that, I am holding.
Forget about Tesla cars. IMO the stock is in buy range, may retest 52wk low. We dippish buy range?
I used to be in the market for Tesla but I moved very rural in mountains so now I chose a gas truck
Elon is the reason I have sold all my shares and never buy the car until he gone
Chevy Super Cruise is also on engine vehicles. So if you hate EVs you can still get some form of self driving
I love everything about Tesla except for Elon Musk. He is the biggest liability for Tesla in my opinion
I'm fine not towing on FSD, that's crazy, to be honest, right now.
every automaker is increasing sales, its not about interest rates, its abou this statements on twitter
I don’t think Elon wants you to buy FSD, he’d rather have you subscribe
Hybrids make more financial sense over electric
I just joined all of Kevin's courses ..... aaaaapppprill ffffooooolllss
Dude this video is a shinning example of you expressing yourself in the greatest essence of your personality…. The reason why I listen to you talk to yourself 🤣And not one time did you interrupt yourself to sell your course to me… which I’m so glad didn’t happen… anyhow!
Pure Meet Kevin at his finest. Thank you for sharing. 🙏🤙🏽
That's why I point with my whole hand.
Ohhh, your Bad
Elon is too arrogant with a God complex to actually self reflect and realize he is not what is best for any situation that gives a negative outcome
Base model 3 dint qualify for the 7500 federal credit as well state of California no longer giving 7500 credit as it did last year this hurt sales
BTW: Car sales, Top 10 in 2023:
The first is Toyota Group which sold 10.8 million vehicles
The second was Volkswagen Group with 8.8 million sales.
Hyundai-Kia ranks in 3rd spot reporting 7.1 million sales.
In 4th spot the Renault Nissan Alliance accumulates 6.9 million sales.
Stellantis maintains the fifth place with 6.5 million sales.
Behind, in 6th place General Motors with 6.2 million sales followed by
7th Honda Motor with 4.1 million new sales and
Ford 8th with 3.9 million units sold
In 9th place Suzuki with 3.05 million sales
In 10th place ranks BYD -up 3 spots- with 2.6 million sales.
Your top position on your ETF The Meet Kevin Pricing Power ETF is Tesla, Inc.18.50%.
Overall cost for a vehicle and the amount to charge will bypass whatever your political spectrum is.
If FSD is 69% less worth than it costs, it is actually over 200% overpriced 22:30
60-100,000$ cars financed at high rates seem like a tough sell. Yeah many can pay, in cash, but what's the economy's outlook for the next 20yrs with high inflation? My goal is to buy a nice car for 120k, but if i can get high returns on money, high returns from tech stocks, I'm buying a real nice car for 40k and investing the rest to grow it into half a mil
I don't think bulls truly understand how big a demand issue would be for TSLA. The stock trades at a 50-60 PE while others like Toyota and GM trade around a 7-10 PE. This is because Tesla is expected to grow deliveries year over for the next decade at least. If they are unable to continue to grow deliveries (as they did this in Q1), there are going to be issues for the stock.
GM and toyota are shrinking and have terrible profit margins
@@tabbott429 toyota had historical profits last year, no wonder the stock is UP bigly
you don't know what you are talking about
@@tabbott429 GM fell only 1,5% while Tesla fell 8,5%.
It’s better to buy more
The biggest EV market, China has a great delivery month in March. Tesla has product issues in China, the most competitive and open market in the world. The top EV players need to refresh its models every 18 months or so, and Xiaomi is coming with a model 3 competitor.
Nah BYD was down from 500k to 300k EVs in china
What did your Uncle Warren tell you?
You were spot on about Tesla, appreciate your views on stocks
I think we can expect Tesla to start advertising. They had pretty good discounts on in stock cars during second half of March, but no one knew about them. Their in stock car numbers went down pretty nicely, but as it was kinda a hidden discount, they shot themselves in the foot.
They just increased the price on the paint for custom orders. It was a stupid move. All it looked like was TESLA INCREASED PRICES, F THAT!
How much is it going to sink on earnings now that this bad news has already been released??
They need a new target based comp package for Elon. That would clarify what they're aiming for.
Kevin, I'm a huge fan of your shows and agree with most of your analysis and figures. However, I believe your perspective on adoption rates might be too linear. With the rapid advancements in battery technology (CATL), the emergence of Full Self-Driving (FSD) capabilities, and the extensive deployment of charging infrastructure, it seems we're poised for a transformative moment. I anticipate an "event horizon" catalyst that will trigger a logarithmic surge in EV adoption in the next few years.
And the EU will have a more rapid sales increase the next few years. New legislation will decrease PHEV sales after 2025 and taxes will increase on ICE from 2026 onwards. Huge increase in EV sales I Europe from 2025-26. Many countries in the EU will start decreasing interest rates from May/June from lower levels than the US.
Kevin has a very US focused analysis.
And what if what you anticipate is wrong? Will Tesla work? I think it can, but I'm actually certain that there's some risk there.
Maybe talk about Teslas crap service? They need a wake up call. Ordered a new model 3 in Jan for delivery Feb-Mar. they pushed delivery out multiple times and I just cancelled my order cos they pushed it out to June. This is supposed to be their easy delivery car. I’m also a TSLA hodler and I lost patience. Still waiting on my specced out foundation CT VIN… just crap service.
I think your math is wrong man. You made a price adjustment in the wrong direction. If 20K miles = $5K then the 31,800 car would be 36,800 and the difference in price for FSD would be 36,800 - 30,500 = about 6K (still half the value of new FSD though to your point)
Buy the dip!
Not to say, there isn't some truth to what Kevin saying about blaming stuff for the delivery numbers, but you can't always just call something blaming sometimes they are actual reasons for stuff to happen. There is likely a lot of truth what Elon is saying about why the deliveries weren't as good as they should've been.
Kevin here's the guidance sales will be north of 388k until FED drops their pants.......i mean their rates
Rates are beginning to drop I the EU from next month. Sales will increase in the EU. In many countries EVs and ICE are dropping but Tesla sales have increased this year. And with that teslas market share is growing.
From what I’ve seen from the new version (FSD), it looks like it’s better at things that it was already good at. But it is still struggling with the same things that it struggled with before.
I am investing in Tesla but I drive a 2500 GMC LOL😂
Very interesting persepective on Elon’s entrepreneurial depression. He might be on to something. Leaders don’t make excuses, they find ways to jump over obstacles! 😊😊😊
The current situation may call for extreme measures, What If; Tesla creates an extremely efficient Hybrid car….
I’m shopping used to get acceleration boost and enhanced auto pilot. Dont tell everyone the secret lol
Not everyone wanted or will ever want an electric vehicle. At least not for a LONG time. Just too many downsides for those of us that drive/work for a living and have schedules to keep. The northerner's are learning a hard lesson too. If anything I see the dual fuel cars taking over electrics. Worst thing for Tesla is the ones with the money to buy what ever they want are the ones that aren't interested (for the most part).
I love it
Ahh yes, the advertising that you single handedly got Elon and Tesla to begin… that advertising? ;)
Can you please speak to how Tesla’s Q1 sales compare to the rest of the industry?
If Elon produced lesser cars and stopped reducing the price when demand was less and use that excessive battery capacity to introduce newer model with longer range in 500-600 miles and higher price. The demand would have sky rocketed. As it would pushed sidelines people to jump in along with current Tesla owners to refresh their model. I still see people hate electric cars due to battery range as they don't find it practical. I just drove mdx over model y for longer trip as tesla comes out equal or more expensive and have increases the travel time significantly. I wanted to take Model Y but it was not fitting the bill for 2400 miles road trip. On 79, 85 i could count Tesla on finger tips. That tells the story.
So your point is to prove that ur selling TSLA is a great idea.. 🎉🎉
💯💯 facts
BYD is UP YoY 13%
When theres blood on the streets we buy!!! All these tesla haters like Ross Gerber talk shit but dont sell. They're trying to scare you out of your position
How many shares does RG hold ? Last I heard - not many
Stock market is at all time highs, no blood in the streets, there's plenty of $$$ made this year for those who invested in the right stocks. Tesla is just a sinking ship.
Welp... Things would be much better if we never printed money, didn't have ai boom, and had better EV adoption.
I use FSD and tow all the time?!?!
Optimus should be the spokesperson.
Most don't watch mainstream media anymore either 🤣🤣🤣🤣
A growth company that’s shrinking. Hmmm. Run out of rich soy boys to sell EVs to.
Put Linda Yaccarino in charge of everything.
I bought more today
You did a good job explaining this manipulation .
Why did you subtract 5k from the car with more miles, wouldn't you add that to the price of the car with more miles as the value would go up with less miles?
hybrids are the future
Many people are loosing faith in Musk at a RAPID pace right now. Musk seems to be far less preoccupied with Tesla than with his extreme right wing culture war these days, disenfranchising many of his former fans. Greetings from Berlin, Germany
I hate when everyone says FSD is not priced in… look at the PE and PEG ratios and tell me it does not factor in some level of growth from FSD.
Has anyone factored in that most Americans DO NOT WANT fsd?
I’m conservative and would buy.
I'm a nitwit and I would buy.
There are dozens of us!