Why VW Spends $65B on Gas Engines! - Xpeng Unveils New Cheap EV - Mercedes not competitive!
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VW died when they fired Herbert Diess.
Tesla is dieing since end of 2022!Have fun going Broker with Tesla!
Agreed 👍
@@BrunoHeggli-zp3nlbot
@@BrunoHeggli-zp3nl 😂😂😂
@BrunoHeggli-zp3nl your comment won't age well 😂😂😂
first off Lars, i dont normally comment on your excellent videos,but i can imagine the boardroom of VW and all the board members watching this and shouting Nein,Nein we are the leaders(of the race to obsolessence) :) :), you have hit the nail on the head on the lid of the VW coffin :) :)
Meanwhile VW introduced currently the fastest charging and has with Ionity a very good partner to expand on that.
@@platin2148 Wow, the ability to quickly charge a crappy car. Good thing it charges fast when it is so inefficient. And Ionity has what 50% uptime?
@@machoopichoo2 Well they have as much up time as the super chargers next to it has. Guess both did underestimate the batteries needed for charging. I’m not sure what’s crappy on 98.9% efficiency but i guess you can tell me about superiority off non working features from other car manufacturers. Maybe we can talk about the terrible UX experience from certain companies.. or wireless steering that actually added only more failure points to a otherwise simple system.
@@platin2148wait for electrongate. 😉
@@platin2148yeah, but their ID vehicles are a joke.
Elon was trying to hold that laugh in. And he said “Have you seen their car?” So politely lol
"Have you seen his Cyber Truck?"
@@anthonyxuereb792 yes its a F'n masterpiece.
@@anthonyxuereb792 Yeah, It is AWESOME!
@@anthonyxuereb792 Love the Cybertruck looks and concept!
Volkswagen say hello to your corporate friends Kodak, Nokia and Blackberry . Other companies fine with the status quo.
Great work, again! Thank you!
legacy auto didn't simply "think EVs would go away" they actively, in collusion with their media outlets campaigned to marginalize and villainize every aspect of EV, and SWB, by extension.
So successful mentioning SWB still induces hysteria amongst Americans!
I guess the collusion with the Meida outlets worked cause I spent my money on Old Cars that have stood the test of time. Show me an EV that has been around 25 years like my Tahoe has ? then I will listen....So long as Old Joe B. gets kicked out of office. Drill baby drill there will be oil. I don't think the producer of this PuffPiece has seen the news lately. Ya Sales are up in those Communist and European Countries but us Americans I guess just like our Big Gas GUZZZZZZZZZZELING ! Smelly Explosive reliable trucks. Bigger = Safer. We got a lot of wide open spaces Bigger Vehicles help you be seen.
Talked to a friend who had vw.
He changed to tesla.
Another excellently researched, written, and delivered post, Lars.
Thanks VW for freeing up battery supply . Tesla can use them and get them cheap. Jeannine
Good visual at the end of the sun setting on Volkswagen.
@17:17 Talk about shoveling money into the furnace...
I thought VW was burning them on the roof..😂😂
WOB-logic:
if You can’t win A competition - change the direction.
UNHAPPY: Nobody is following them and THEIR game is just their game - all others play on another play-field 😂😢😢😢
LARS!! Great content !! Always a pleasure to check in on (THE DANISH TRAVEL AGENT). You always maintain your factual analysis and I truly appreciate that side of the TESLA world!! Greetings from the shores of Lake Huron , Ontario ,Canada!! All the best!! GIDDYUP!!
14:37 I was doing the same with Mercedes EV taxi and was quite shocked of the build quality / feel compared to my new Tesla :D
Lars, outstanding topic and reporting as usual. Totally agree with your assessment!
There was a report that dealers are under-reporting EV sales in the US
Tesla 😍
Ya, but does the Tesla have the option to pay like $5K or some stupid thing for quilted leather seats? NO! lol
Tesla brought seat manufacturing in house due to suppliers not willing to extend credit during Tesla's formative years. Now they (the suppliers/ manufacturers) are crying because Tesla won't give their sales reps the time of day and they are going out of business. This is what short term thinking does to the bottom line.
@@spacegamer85 That and apparently Tesla was not satisfied with the quality and insourcing is in keeping with vertical integration. It's still a bit surprising, as seat making is very specialized.
I have some sympathy for the suppliers, as Tesla was in rough shape during "production hell." But, I think they could have been smarter and realized it was unlikely Tesla was going under. Tesla could have found more funding or sold off part of the company.
Legacy viewed EVs as small city and 'second' cars which would fit into a complimentary niche with their existing ICE ranges. Tesla showed that the EV is a replacement not a compliment. This point is key because a replacement will kill the value of the replaced. Anyone want a mechanical typewriter or a CRT TV? Thought not.
So VW and Toyota are going to compete with each other in the ICE market?
First one bankrupt is the winner! 🎉
Congrats to 100k Lars 🎉🥳🤟🏼
Tesla really need to start advertising to spread the word on these points.
95% of the vehicles made by Legacy Automakers just barely cover the cost of their overhead. It's that 5% from which they derive their profits. All it takes is that 5% to be shed when people choose BEV over ICE, and ALL their profits are GONE. You can't deny the math. 💵 💲 💵
Legacy automakers got out of the manufacturing business decades ago - they are in the (final) assembly and finance businesses. Following Neutron jack Welch into oblivion. But it sure make short term "investors" happy as they dismantled these companies.
Sounds like VW is in panic mode trying to claw back some cash.
Doing a great job Lars.......Thanks so much
The transition works like this:
1. EV's are bought as a Second car.
2. The hybrid sales soars.
3. The charging infrastructure matures.
4. The EV sales soars.
5. Trucking goes electric.
6. Construction goes electric.
7 farming goes electric.
8. All other vehicles goes electric.
PS! And in Norway the sale increase of EV's are going down........ 😂 because the sale are at 88%.
So, again.
You got lies, then you got bloody lies, and then you got statistics.
The EV sales are going up world wide. Localy it might go down....
MG4 was the 4th best selling bev in europe? crazy i didn't even thinks it was in top10.
How much of that export is Tesla? Shanghai alone makes like 1 million cars a year, and a lot of it is exported.
Well soon we will see how much Tesla did do there as i heard they are a bit behind there expected tax payments so they might take the ground back..
Yeah exports is a weird number because Toyota for example tends to make cars in the markets they are sold.
ADD VAT to the Delta of $34,000.00 when you compare the Benz Vs. Tesla. VAT in many European countries is +20%. So about $40k Delta.
Another reason having the government as a partner on the board is a BAD (very bad) idea.
R.I.P
VW
Blessings from Kalispell Montana USA
The limit of the internal combustion engine has been reached. They're putting in all kinds of technology just for a couple of percent gain. And you're paying for it. The most ridiculous idea is the variable displacement engine. By using levers and cams to vary the displacement. (To complicated to explain here.) Already exists in the form of turbo and super chargers.
For how long will it be allowed to pollute the cites with GAS engines ?
Thanks Lars! LOVE my nearly 5 year old M3P, absolutely brilliant.
YET, the latest M3P is much better still! Do I update? 🤔
Real good one man good example of why u th BESTIN BESTIN BESTIN TESLA
BYD did improve and are making a “better” car, but it’s still not as good as a car as Tesla’s. There are still big gaps between Chinese Autos and Tesla’s in Safety, reliability, other areas
Not really, mostly in software they are behind. Battery tech is basically the same (they have the same suppliers).
Game over for Tesla!
@@BrunoHeggli-zp3nlbot… joined yesterday so people dont see the history of “bruno heggli” on this channel
@@TurdFergusenJust have a new Phone and a new Gmail Adresse!But anyway,Its Game over for Tesla!Just Look at the horrible salesnumbers at Tesla!
@@TurdFergusenI realy like you,i hope you arent invested to much in Tesla!
Still I want your reporting and opinion on the future of cars in the third world.
How are they supposed to charge their future EVs when they do not have consistent power supply at all. South Africa had over 400 power failures this year. How to solve this?
This an easy fix. Solar and battery backup. Why hasn't the South African government not made this a top priority to stabilize the nation's grid?
@@ExVKDM representative democracy elects an absolute minority (1 in ~500k) into position of lawmaker who then create and maintain rules that (not just) potentially benefit them at the cost of the rest.. it's easy to extrapolate what will happen, sooner or later.
US has protected its market for Chinese government subsidized EVs. Europe should do the same. I don't believe Chinese automakers can sidestep the tariffs by building them in Mexico.
We had 4x New VWs 2x Diesel and 2x Petrol before we bought a Tesla we will not go back it’s like going back to Nokia after a good smart phone.
I am from South Africa and in the absence of Tesla I am excited about BYD entering our market. The Dolphin is also the cheapest EV by miles beating the closest competitor, also Chinese the ORA, by +- $7000 US
You must worry about Eskom, & their blackouts with your EV
@@archiefleming652 Even at the worst stage we had so far you can still fully charge an EV at home in the evening, so not really a worry to me. It is a bigger hassle if you are on a road trip and the public charger is not on backup power, then you might have to wait up to 4 hours to start charging, but so far that has been the worst I have seen, but same goes for a filling station that does not have a generator.
@@JJSmith1100 I feel sorry for you, a beautiful country being run badly
I hope you come visit the clan Buchanan tent. We have free sasuage and Coldwater for you.😊The Highlander 😊
When are they going to wake up the ICE is dying and they need to start developing electric or they will be gone and bought up by Chinese companies. Great vid as usual Lars always look forward to them. 👍🇦🇺
The Chinese EVs are improving and their sales growth reflect this. However, there are two major differentiators from Tesla that they show no signs of progress. These are Tesla OTA (over the air updates) and FSD (full self driving capability). Teslas are designed from the ground up for ALL features to be controlled by software. Tesla has essentially converted all switches/controls/information to electronic/software operation rather than mechanical operation. Think about it, everything in the car is electronically controlled - electric motor controls, brakes, steering (a la Cybertruck) coming soon for all models, seats, windows, climate control, infotainment, communications, on and on. Of course this electronic architecture is essential for FSD. And of course FSD will be the ultimate safety feature. Human drivers cause thousands and thousands of accidents, injuries and deaths each year. FSD development is very rapidly developing and is now being approved in China for ordinary use by Tesla owners. Testing in the US is demonstrating less than 1 (one) human intervention in a normal driving year and improving rapidly. No vehicle manufacturer on the planet is even close to developing these two essential elements for their products.
All great points but I believe Tesla will license FSD, which removes that barrier for other OEMs. That's consistent with Tesla's mission and Elon's deep commitment to saving lives.
Please one human intervention per year is a total lie. More like one intervention every few miles.
@@JamesAnderson-lq8tf I think you are confusing FSD with Cruise.
Guess it´s not the best idea if you call your new model "mona" and if you try to sell it in the Venetian area!
You just put an enigmatic smile on my face. 🙂
@@machoopichoo2 That´s good. Anyway, the Xpeng new model name is still 65B times better than the vw idea to go back to the gas engines!
@@basicincome549 Absolutely! I get legacy auto clinging to ICE, especially hybrids (AKA fake EVs), and if smart, using those sales to bridge to BEVs, but not to waste more money on developing marginally better ICE engines.
Ford is losing like $5B per year on their BEV business. Let's say VW averages $10B in losses per year (knowing this will not be even YOY - hopefully lowering loss per car as they go, but increasing volumes will increase losses). That gives them 6.5 years of runway if they spend this money on BEVs, not new ICE engines. That times nicely for 2030, when 80-90% of all new cars will be BEV, and they could start making money on them. This doesn't account for the losses of ICE sales over that time though - which is to say, they are fucked, anyway.
I think China had EVs as their strong bet. Since, it was new ground and minimal competition compared to ICE vehicles.
Indeed and why build up your domestic industry to make a dying tech? It's like the developing world not bothering with traditional telephony and jumping straight to cellular.
Take a horse to water but can't make it drink. Keep smiling everyone
And legacy auto still thinks consumers want a faster horse.
Strangely, all us 50+ year olds knew the German big boys ripped their customers off...and sort of just accepted it. I wonder why we were so mesmerised by a 2 dollar badge...
Yeah, drag strips will end up categorising ICE in the “slow” category. Totally uncompetitive against EV 😂
VW is a state financed car company. VW is doing as all spoild brads do:"the costs are coverd buy my father/tax payers".
Your metrics will hit a brick wall called insurance
HYBRIDS POLLUTE, WORST THEN GAS CARS. COMPANIES BUYS HYBRID CARS, FOR EMPLOYEES, WITH $7500 TAX CREDIT REBATE. COMPANY THEN GIVES CREDIT CARDS TO EMPLOYEE TO BUY FREE GAS, CHARGING NEVER HAPPENS.
Yes mister UPPER CASE, and as I saw the other day, the most likely to catch fire, so a very bad idea
@@danielstehura9657 I'M NOT SAYING EVERYONE DOING THIS, JUST SOME BIG COMPANIES ARE SAVING MONEY DOING IT. OWNED A CHEVY VOLT 4 YEARS, GAVE TO DAUGHTER. THEN BOUGHT TESLA MODEL 3. th-cam.com/video/TtQm34QopN8/w-d-xo.html
Tesla needs to get their factories going in Mexico NOW, and expand in Berlin, even if you build on top of an activist, they shouldn't be standing there.
Ah the old Chinese double tap😂😂
EU needs a 100% tariff on Chinese EVs to allow domestic car companies to catch up to Chinese technology. In VW case, spending billions on engines makes no sense.
Truly astonishing that an executive group can be this stupid. Just goes to show that when people are paid irrespective of performance, they generally perform poorly
The executives that pushed for this move at VW should be fired and fined for fiduciary negligence.
The Europeans better get their act together and put up some tariffs
😂
tariffs? make ALL products just more expensive. U like 👍? 😮😮😢
yall bleeding hearts are buying from slave state china
they there would be tariffs on european luxury goods within days.
china is a slave country which is why they do well against non slave countries
I finally foresee a strong growth in sales among the Venetian male population thanks to this new Chinese brand... If you know what MONA means for us ...🤣
Do we know if Chinese automakers are copying the Tesla manufacturing processes and are using any of Tesla's shared patents?
Tesla shared patents and processes with the whole industry, and the dumb legacy manufacturers did not see the writing on the wall. The legacy continue single digit profit margins no wonder why they are dying.
Chinese makers are already using giga-castings, so that's one thing.
China: we got the tec we will win in europe. VW : we got a Scholz plus a van der Lying we will win in europe
👍👍👍👍👍👍👍👍👍👍
Lars Europe and USA and all countries that don’t want chicoms controlling the world should offer China same deal they offered the west’s auto MFG on entering the chicom market ,They must partner with domestic European car company who will have 51 % ownership.sounds very fair to me. Lastly you shouldn’t get so giddy whilst talking about the chicoms.
China exports are leading because of giga Shanghai
In Queensland Australia it is against the law to park an EV.in an garage underneath a multi story residential building
Good to see someone has some common sense.
NOT true!
(Yes I’m a Queenslander.)
Is true but they are not enforcing it prob for political reasons but if there ever is a fire under a block of flats & a casualty occurs the sh#t will really hit the fan.
@@archiefleming652 There is no such rule. Where on EARTH did you get that from.
Stop spreading FUD. (fear, uncertainty and doubt)
ICE (and hybrid fires) are dramatically more common than EVs.
Interesting that VW's ICE investment comes on the heels of EU tariffs on Chinese EV's.
Your title is off, not final blow but fatal blow.
VW beats arch rival Toyota on total debt
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Why does Mercedes and VW way forward is so clear to all in the comments and not to them??
Retool the ICE companies to make EV cars, massive investment,
Make deal with Tesla for the charging network, but include the charging stations YOU will add to it.
Start retooling some of the companies to make Semis, and use all the Tesla copyright patents you can. Don't try to reinvent the wheel, improve on these if you can
Start investing on battery tech so you dont depend too much on others for it, again use Tesla's patents Elon is willing to share to build good long distance batteries.
Ten years later, you become profitable, ride the mistakes of not making these moves 10-15 years ago.
Elon has to work on many DIFFERENT companies and products, you only have to become good at EV cars.
VHS 😂🤣😂🤪🤪😜
100% No cure for STUPID and the crazy thing is these C Suite people and board members are considered as the top business and car people 😂😂😂
Xpeng m03. 🤔 Equals aimed at tesla model 3? Looks more like a cheaper xpeng sedan. But with a polestar ev ripoff nosejob&headlights. 👍🏻
Are teslas made in China considered Chinese electric cars?
Yes.
@machoopichoo2 what about apple?
@@larryc1616 iPhones are considered Chinese and are subject to Dump's 25% tariff. Someone should tell Dump that China is not paying this tariff - Apple is.
@machoopichoo2 Trump is a loser and will soon be in prison for life. We need to imprison putin, Netanyahu, Xi, Maduro, duterte, mbs, kim phat un too.
@@machoopichoo2 Trump is a loser and will be in prison soon!
VW = sunk cost fallacy
A big company like VW can sell cars that the customers want, at any time. Tesla can not. The Q2 results will be a nightmare for Tesla. And it will be even worse, believe me.
The M3, Y, S and X are all outdated, booring, and lacking a lot in new tech.
The EV competition is today around 2 years ahead of Tesla.
And the ct total embarresment? The worst scam in EVs so far.
Where is the Roadster?
Where is the M2?
And what about the semi? Not so fun anymore is it
Thanks Lars, excellent info as always. I don't think Mercedes owners would lower themselves to buy a Tesla, and they sure don't care what the prices of fuel are 😢 or how much damage to our environment they are causing 😢😢😢.
PEOPLE SELLING SECOND CAR. REMOVES 10 MILLION CARS OFF STREET.. SELF DRIVING TAXI ADDS 3.000,000 MILLION CARS TO STREET. REMOVES 6,600,000 CARS FROM STREET.
Well said! Few seem to realize this, robotaxis in areas that are dense&make sense operationally?
Will likely replace 3+ cars per autonomous taxi! But only again imo in large well populated high GDP areas&cities.
So total global vehicle sales could very well drop from 75-90,000,000 today all the way down to maybe 40-50,000,000 or less.
What happens to anyone not already making massive amounts of evs and offering something like fsd or licensing fsd then eh? 😀👍🏻
You were saying how flip phones are out of date , have you ever heard of the new Samsung Galaxy Flip Phone
LOL :-)
Good luck with that. 😂
No chance of me getting one, I just bought an A53, has a 5000ma battery & still has a microSD slot/2 nd sim slot
Perhaps VW is designing a mobile DC-fast charger?
VW is a dead company walking
And Ford has bought E-xplorer it is a ID4 in different body
You seem go think ICE cars should no longer be needed.
EV are OK for small distances but give you an idea of the size of Australia, when I dri.ve to see my grandchildren
I'm in Brisbane, 1 is in Geelong 1900 km 1 in Darwin 3400 km & 1 in Perth 4300 km
EVs are useless for there distances.
Pure trolling rubbish
@@douglaswatt1582 you obviously dont live in Australia or know anything about it
Total bloody Rubbish. I’ve done a very similar drive in my Model 3 from Brisbane to Melbourne- DEAD EASY!
And 99.999% of people don’t drive from Brisbane to Perth, or Darwin, they fly (yet I know someone who’s done “the full lap” in his Tesla.)
You can do it on a motor scooter if you have the time.
I dont want to spend 30 - 40 min recharge every 300km.
If in a big hurry you can fit either a second fuel tank or a drop tank.
hilarious ,, as EV demand collapses in the EU ... no one wants an EV to tour the EU
😂😂😂😂
Best selling car in the world last year? This year? Next 10 years? ⚡️🇺🇲
@@larryc1616
What car is that?
An ice Mazda Nissan or Toyota with a small fuel efficient engine
Pure trolling rubbish from the usual nonsense trolling characters
@@douglaswatt1582
Indeed they are trolling us into believing EV's are popular and people want such rubbish