Tesla robotaxis will be a game changer, says Wedbush's Dan Ives
ฝัง
- เผยแพร่เมื่อ 10 ต.ค. 2024
- Dan Ives, Wedbush Securities managing director, joins CNBC's 'Squawk on the Street' to discuss Tesla's upcoming Robotaxi event, the impact the Robotaxi could have on Uber and Waymo, and more.
Dan always looking and sounding like he's on he's 10 drinks into his buddy's bachelor party🥳🎉
It's always a ' game changer ' with Ives
That’s what I like about him, he’s positive. Unlike CNBC, always negative on Tesla. I’ve done opposite CNBC on Tesla and has made me allot on Tesla since 2015.
Always playing chess while others play checkers for sure
But the outfit is always fresh
@@peter.g6 ain’t that the truth. I were clothes like that when I play craps in Vegas to annoy the dealers. 😅
Love Dan 😂
Only 10 years away from being 10 years away
Exactly! Just like his 2019 announcement of robotaxis was a real "game changer:" Stock value went straight up. I expect more of the same, with "next year!" being used routinely. For those that bought their Tesla after that announcement, for the FSD option of course, how did that work out for you?
They will never launch a robotaxi. Ives needs to lay off the powder.
"The end of next year...game changer!" I've heard that before.
How many times have we heard this with Ives. Bro is so delusional
He’s right. Invest in Tesla and Nvidia, big money makers. If you don’t own any shares of these companies, than you don’t like to make easy money.
@@andrerodriguez7603NVDA, PLTR absolutely. TSLA …nope. Elon is too out there politically.
@@kevn99 Tides are turning though.
@@kevn99 Fun fact, there's relatively little correlation between a CEO's political leanings and their performance or the profitability of their products.
@kevn99 so what? Still made over 200% last 2 years 😂 weirdo
The game is lying to idiot investors
what happened to the game changer of Tesla insurance?
Tesla insurance only really makes sense with FSD. That was made pretty clear from the outset.
@@rtorcato or Tesla power walls, Tesla solar roof, Semi, Next Gen roadster. 💩💩💩
@@kevn99 Insurance is expanding state by state in USA. Powerwalls are now on Generation3 and doing well. Semi factory anticipated to do 50,000 per year from 2025 with excellent reports from PepsiCo and their drivers all saying Semi is better than their old diesel trucks. Why do you think there are a score of TH-cam content providers, all very bullish on Tesla stock along with thousands of retail investors following Tesla and Musk? Because they can see what's coming and it's looking good.
Or the game changer of boring tunnels 10x faster than any other company?
@@nigelsmith186 They're bullish because if they're not, Musk doesn't invite them to meetings any more. Of course they're bullish, their livelihood depends on it.
It's very irresponsible to have Ives on and giving out his projections on Tesla without stating that the stuff that Mr Ives is predicting should be taken as entertainment not financial advice. He's a Tesla pumper and an inexperienced investor might act on his statements and lose serious money.
And why does he always look to one side and not straight at his camera?
@@samuelmbowa6755 😂 You’re right. I never noticed but he does that for every interview.
@@CCARL11 yeah I know I mean for the last 2 to 3 years he’s been given the price tag of $300
So if Elon follows previous events and fails to give sufficient detail and WS punishes the stock, Ives will be back to hailing it as a missed opportunity and a need for an adult in the room. At what point does Ives become the Gordon Johnson of the bulls?
Thanks for the advice! Got XAI33x, feeling bullish! 🚀
Absolutely! Next year it will be GREAT! Amazing. Worth $250,000/year to anyone who buys a Tesla this year. With the FSD option of course. 🤣
this guy is literally pulling numbers out of his keister
Waymo already has taxis lol this is such a hype show. Elon has been talking about autonomous driving "coming next year" since 2019.
Does Waymo have six million of them all over the country that can work anywhere, including places they have never been?
@@NateDecker1982 don't worry Elon will say "next yr" for the 6th yr in a row. Keep slurping
@@NateDecker1982Tesla has... ZERO. Just as many as I have
Baby Elon has been saying this for the last 5 years. This thing is a giant turd.
Regulatory will be city by city and airport by airport not just state by state.
You'd think the airports were controlled by the mob
@@tinman54 Yeah and people forget how hard it was for Uber to break through the various red tape into the market.
@@furryrug5998 And Uber did it to pave the way for disruption of the old taxi cab monopolies. Plenty US States have an open door policy for autonomous along with Great Britain who is welcoming the change with regulations already in place to allow self-driving cars.
Dan brings the same vibe as the Jaguar - Panther NFL pregame show.
What are we going to do with all the horses when everyone gets a car?
OMG. Tesla's can't even turn on the wipers when it rains. No LIDAR, no robo-taxis. You know who is actually doing robo-taxis to the tune of 100,000 rides per week? Waymo! Why isn't this a game changer? Ridiculous.
Maybe you should update your understanding of the state-of-the-art in this sector. All the autonomous vehicle companies are ditching LIDAR. Turns out Elon was right again.
@@NateDecker1982which ones because most of the industry uses Lidar as its safer and meets regulations for FSD. Waymo is ahead on robotaxis.
@@NateDecker1982can you give me the AV makers that have ditched lidar? I looked up the following, they all use lidar: zoox, poni, argo, nuro, baidu, cruise and aurora.
@@NateDecker1982I found 2 companies: NIO and XPEV. To me, they are gambling on Chinese regulatory bodies looking the other way when an accident happens. Probably not really a gamble given that they are homegrown. That hardly proved Musk right.
@@GK-qc5ry And at 100,000 dollars per car how many will Waymo make a week? Tesla will build thousands per week because they can build them faster and for less money thus making far more profit margins quickly than Waymo or any others.
No one wants to get stuck in a driverless taxi
No one wants to fight with a driverless taxi over payment
No one wants to get robbed in a driverless taxi
No one wants to get run over by a driveless taxi
No one wants driverless taxis
Waymo & Cruise got stuck because they are working on a map grid and anything not on their map is a big problem. Tesla FSD uses four times as many eyes as a human and 'sees' the road 360 degrees around it - it is already safer than a human driver on miles covered/serious collisions. Payment will by via the App you summons the CyberCab with on your phone - all automatic and no looking for change or paying tips let alone NOT HAVING TO PAY A DRIVER'S WAGES. Every time you see someone who doesn't have a car and is standing at a bus stop - you're looking at a CyberCab customer. Why wait in the cold & wet for a bus when a CyberCab is fast, safe and cheap!
@@nigelsmith186The Cult of Musk is a powerful one.
I honestly think Elon Musk's XAI33x is the safest bet for long term hold, and will survive out of every other altcoins. It will get adopted in US, Ecuador, Asia, starting from Japan, and slowly spread out and gain. This is a winning coin, apart from all the technical greatness.
Warning, Warning, iTroll Alert...
Dan is Bullish on anything tech, LOL
To be fair, as bullish as he’s been on this long term AI play, his sentiments have been mostly accurate in terms of capturing the magnitude of this market movement over the last 2 years (particularly as it relates to NVDA’s leadership).
He's following the exponential while everyone else is either looking at past growth or linear future growth. Tesla is well positioned to exploit the exponential growth of technology over the next 10 - 20 years through their investments and their strategy. Ives will be laughing soon enough.
Only as it relates to NVDA...
That was easy... Most AI application remain useless. FSD relies more on mapping and manual labelling than AI. That's why it's so good in some cities and terrible in others.
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Dan 'The Messi of Clown Pumpers' Ives... his substance abuse is legendary... he can barely enunciate most of the time.
Nobody says anything about how Tesla can compete against Chinese EV ….. Tesla is too expensive
But they ARE competing with Chinese EVs. The only reason BYD has bigger numbers is because their metrics include compact cars for which there is no Tesla equivalent (unless one is announced tonight). But in comparable model segments, Tesla outperforms BYD.
@@NateDecker1982 And the Chinese robotaxis mostly have a driver in the car - check the video of the reporter taking 4 hours and having to go to a special location to get a robotaxi to arrive with no driver. Tesla software & hardware will likely be added to Chinese cars because it will be better.
@@NateDecker1982 That's about to change. The new generation of Chinese EV is going to put the squeeze on Tesla. A compact car in the US will be a joke. Base on current data I expect volumes of around 125K/year with the current EV take rate. Not the volume monster everyone is expecting.
Will Elon Musk jump out in front of his robotaxi going 60mph from behind a tree to show it off?
You know there has been no deaths on FSD right? Only on autopilot which was started by MobilEye, not Tesla and is driver assist software, not full autonomy.
@@RWROW 😂😂😂
The one thing I can absolutely 100% certain what Tesla stock will do is I have no idea what the stock will do in the future 😂
It's a great project for transportation and serving the public. Since the government doesn't want to develop our transportation system they built more roads, granted here is the robotaxi for us.
You men since corporations are blocking government from developing transportation system...
Learn you history before you post nonsense...
This guy dressed like more of a clown than the joker 🃏
Yawn. Waymo is already leaps and bounds ahead of Tesla.
Dan, please stop. You’re doing a disservice.
What a joke
major pumper.....
That jacket is way too orange, I dont see the pastels i need to see to be bullish
Cyber Cab / Taxi in San Francisco to Rival Waymo
so people can compare both Ai Taxi service
The predictions I have heard is Tesla won't operate it in California because they don't prosecute vandals there.
Every Tesla owner isn't a 1 or 2 car fleet manager. If you were to build a quick P&L model for each car, you would have to convince the owners the price for daily robotaxi rides would meet their return on costs threshold once you remove the following expenses: (1) commercial insurance coverage for the car, instead of personal insurance. (2) added car maintenance costs with the increase of daily miles on the car from roughly 2 hrs a day to 8 or more. (3) added charging costs for a vehicle with increased daily usage. (4) In cities like Chicago, you will probably need to also include a parking charge for those times when the car isn't in use, even for 30 minutes. There are probably more expenses with this model that I'm missing that could possibly dampen the notion of having 8 to 10 million cars ready-made for a robot-taxi fleet. In business, vision without a viably profitable model is just a dream.
1) Tesla already offers their own insurance, no doubt they will offer competitive commercial insurance too.
2) Maintenance is famously low in an EV due to the lack of moving parts.
3) People using this service as a business will invest in solar installations (if they have a brain), making their charging costs non-existent.
4) Uber drivers don't park up and wait, they drive around local hotspots, Robotaxis will do the same.
5) You can't think of anything else but you're sure there are other expenses... Right. Well when you think of any more (or any actual legitimate expenses), let me know.
It is an interesting question because the people who are most desperate to make money from their cars when they are idle are the people who cannot afford to buy Teslas while the people who already own them are also the most-likely to not need that supplemental income.
At the end of the day though, free money is free money. It'll be hard to not buy-in if your Tesla-owning friend is telling you he's making lots of money for relatively minor overhead.
@@NateDecker1982 I appreciate the reasonable response to my statement. I am reserving judgement until I hear the expense model. I think the Uber driver model is an apt approximation. Whether the car is driven by a human being or robot, the owner of the car makes somewhere between 25 to 50% of the total fare before expenses. I do agree with you that free money is free money though.
I'm shorting the beaded driver seat manufacturers!
Obvious..... NPV 28 Blioon per years for shanghai - multiply that by million people shanghai has 34 million people
What do you guys think about HODL?
Folks,
Tesla are notorious for missing deadlines.
Waymo & Cruise only operate like 1000 vehicles between them.
A lot cities / counties have individual taxi licenses that you need in order to operate( beyond state approval).
Tesla vision based FSD isn’t good enough to operate autonomously without human oversight.
Robotaxi ventures on a large scale is still some years out.
Tesla will be able to build 1,000 CyberCabs in a week - every week for perhaps under $20,000 when each Waymo cost $100.000 take a few seconds to understand that.. Plenty US states already have regulations to allow autonomous cars as does the U.K.
@@nigelsmith186 The price / production numbers aren’t the problem, I can’t see cities like London or LA allowing a mass rollout of Robotaxis.
What a clown. No permits for autonomous driving have been submitted. It will be a dog a pony show. You forgot to say "it will be very profound".
Every major Tesla event has always resulted in a drop in the stock price without exception. This is basically a pipe dream...
I think that happens because people buy the stock in the lead-up to the event. So the pump has already occurred. Then when the event is over, they sell to lock in their gains. It's very counterintuitive because some of these events have legitimately been very bullish. But I agree with your observation of what usually happens.
I'm willing to bet against Space Karen and his endless lies. Next year, next year, next year...😂😂😂
Im excited that all the comments are negative. The herd is usually wrong and/or late to the party 🎉
What insurance company will touch this?
Tesla's own insurance because they have the FSD statistics that show the software drives a car safer than a human being ALREADY!
It could be a disappointing night
There are definitely very high expectations at this point. It would be hard to eclipse them.
Imagine Dan as a stack of sopping wet stack of tissues.
Cost per mile for who? The consumer? Presumably slightly less than whatever the cheapest competition is offering if your goal is optimising profit margins. For the operator? Almost nothing if you own the car and run it off solar.
This is a good point. Just because Tesla and the vehicle owners are only incurring costs of a few cents per mile doesn't mean you aren't still going to be charged comparable prices to what Uber/Lyft would charge you. The price will be what the market will bear. The question though is whether the widespread availability will drive costs down and introduce elasticity in that market.
@@NateDecker1982 Either way Tesla margins will be higher with more elasticity
it will be a total nothing and full of stuff that won't happen for 10 years (if at all) like AI day and battery day and cybertruck day and dojo and optimus et cetera.
It's a joke don't think so !!
It's still 9 pm
Love that tangerine sport coat…what a baller
@@MathGPT His trademark loud sport coat and shirt combos aren’t making his 💩any easier to hear.
Bought XAI33x after watching your video, super excited! 💰
Hi Elon
Mr Hyperexaggerate... Dan, where is the big red nose with your clown suit?
by the end of next year every year
Real game changer
It’s easy… you see Ubers value? Now add that to teslas value in the first year. Then double every year of that.
My prediction: Tesla's 25k car will also be the Robotaxi, two products in one made on a single production line. The car will convert from personal car to Robotaxi with the easily removable/installable steer-by-wire wheel. Forget just hailing a Robotaxi, anyone will be able to BUY one today!
I doubt robotaxis will ever be owned by individuals... too expensive to insure & regulate, deal with maintenance schedules, etc. Reserved for fleet operators as a business with standard margins sounds more likely to me.
I think they're building a new platform. Many interchangeable parts like previous models but more versions. A 2 seater, 5 seater, 8 seater, van etc. They may also make drivable versions to add to the existing EV lineup but I think more models would be better for growth.
This is essentially what my intuition has been for a long time as well. Although the "converting" the same vehicle from one mode to the other wasn't really part of my expectation. I just thought it would be two nearly-identical variants.
Lol "a number"
Bubble, bubbles, bubble-belicious !!!
Still a bunch of tech questions to solve as in how to pay with XAI33x on Elon Musk and stuff but I think they can do it.
sorry but i never trust a guy with a orange suit
Clowns everywhere are upset
No it won't.
If Elon Musk could keep his twisted mouth out of politics, imagine where Tesla's stock price would be.
true 400$
The way ives talks just annoys me
I'll be buying PUTS ...
CNBC no like elon 🎉🎉🎉😊😅😅
Lisandro Club
Dan is a fool
Thanks for the video for Elon Musk's XAI33x token
Appreciate the advice! Bought XAI33x at $1, holding for 10x gains. Major exchanges like Coinbase, Bybit, and Binance are set to list it soon. Your insights always lead to great investments. Excited about this opportunity, thanks for the tip! Looking forward to significant returns!
Thank you for the announcement video for Elon Musk's XAI33x Token!!! Finally they got into crypto...can't wait to see what's next
Suuuuuure it will
highly doubt we'll get any concrete plan that will actually materialize in the near term....
we're gonna get info on their vapor ware
Everybody keeps saying Tesla makes "vaporware". They've been saying it for years and it's pretty weird to be sticking to that so obviously false narrative considering there are 6 million Teslas on the roads today.
Thanks for sharing! Bought XAI33x, expecting 10x returns! 🚀 Coinbase, Bybit, Binance to list soon.
Lmao
TSLL
Level 5! Wow.
In another 2 decades...😂
Apple will take over at level 6
Tesla ⚡🚀
Once Elon Musk's XAI33x passes $1, it may NEVER see that low again
R.I.P Taxi passengers. :)
R. I. P. Taxi drivers... :)
😂😂
When Dan speaks, you listen! I’m not listening this time tho
There is no project like XAI33x...it is literally owned by Elon Musk
Just think, techno fascist Elon robot stormtroopers in every home! Exciting!
I genuinely think XAI33x will be the breakthrough for this run
Do shorts pay cnbc extra to ensure he has on his clown outfit when they prop him up to ruin an event?
Lots of talking yet not answering a single question. What is te point of this video
I'm happy I saw the video for the XAI33x crypto token or else I would've missed it lol
So many tiny hat shorts here,
Once trump comes into office it will be extremely easy, to get fsd cabs deployed to the masses, i know it is scary to think Christan men will run america again, but your games are over with 😂😂😂
Loving SOL and XAI33x! Following your advice has made me $30K in profits. Super excited for the future of these projects!