Tesla is misunderstood - Elon Musk explains (Ep. 600)
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- เผยแพร่เมื่อ 26 พ.ค. 2024
- Tesla is many companies in one, explained by Elon Musk. All-In interview of Elon Musk: • E69: Elon Musk on Twit...
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when Elon speaks you never get the feeling that he's trying to hide anything or obfuscate in any way. it's so refreshing compared with the politicians and CEOs we are so used to hearing.
Most of the time he’s unscripted. His hesitations are him calculating the answers in real time.
It also adds to the amount of BS he speaks outside his areas of expertise, unfortunately. But when he‘s on a subject he‘s passionate and knowledgeable about, it‘s refreshing. True.
@@fredbloggs5902 Its calculated also in what he doens't want to share and what he does. He is absolutely not open about many things going on at tesla but he shouldnt be. Many things are under development and are the real competitive advantages. No reason sharing that.
@@MnemonicKariboo please provide an example of his BS.
@@fredbloggs5902 With you. Elon may exaggerate timelines (as any good CEO would) but straight BS I have not heard.
This is one of the best places for Tesla information that is clear and concise that you can find on the internet. Thanks for all you do Dave. Here's to 600 more episodes!
Before Tesla came along, Tesla’s method of manufacturing cars is actually how I imagined auto companies made their cars. I had no idea they outsourced everything.
it is actually cheaper to outsource most parts
@@funnkyone7659 is it though? They can’t crack 10% margins. Tesla approaching 30% margins.
@@funnkyone7659 no way it's cheaper. Only if your useless at making stuff...
@@robertbroadbent2522 o course it has good margins as it`s a very poorly made car with a premium price tag, get in a tesla, test it, then climb into a premium merc or bmw or japanese car and feel the build difference
@@monkeysezbegood it`s not economically viable to buy all the machines if you compare a tier 1 supplier that makes parts for more than one car manufacturer, plus you can`t make them all in america as the wages there are pretty high.
When the stock market is back up, you will wish to have invested today in the red. you may never see these prices again. There’s always opportunity within chaos you just have to got the eye for it.
These are the conditions where life changing money is made to those that stay calm, are patient, and take controlled risk. Volatility goes both ways. Larger the red candles the larger the green ones.
I am easily triggered/highly emotional and that could be detrimental to my portfolio. I wish i am patient and systematic person. day trading is not for everyone and multiyear holding is not for everyone. i know my strengths thats why i need proper guidance to be able to venture.
@@jessicamoore3093 I couldn't agree with you more, I had my share of ups and downs when I first started looking for a consistent passive income, ultimately called out to an adviser " *Eileen Ruth Sparks* " for aid, and following her advice, I poured $30k in value stocks and call options, up $200k so far!!! retiring with no worries next year
@@chris-pj7rk This is remarkable, how can i reach this person?
@@jessicamoore3093 look up the net, her detailed info are there.
Lot of Tesla shorts out now from the comment section. Just want to say thanks for all you guys do, the laughs and the discounts both.
Tesla is an ecosystem, and one I’m an advocate for at this moment. 💯
Dave, your videos provide analysis, useful to newcomers as well as frequent viewers. I like that.
Wonderful 600th episode.
Thanks Dave, for all your work.
It's good to hear Elon come out and say what a lot of us have been thinking about the advantages Tesla has.
Cathie Wood outlined all these years ago.
I understand the event management software (ERP) WARP for Tesla was designed in house which must give them incredible control and flexibility.
Thanks, Dave! Great summary and clips. Thanks for including the link to the interview. I missed it.
Great review, as a newbie to Tesla investing I really appreciate your work.
Another class video, thanks Dave! Always so clear and easy to understand x
Apple has iOS while Tesla has tOS! None of the other OEMs have gOS, fOS, hOS, vOS, etc. They can't catch what they don't understand.
Really great info Dave. Elon is always engaging when he explains Tesla technology.
What a great summary. Thank you so much for your always enlightening presentations
Excellent, clear analysis and commentary, Dave, as usual! Thank you!
Thanks for bringing this to us Dave! I didn't even know Elon did this interview. Great to see him in good health and with his fighting spirit. Legacy autos were given every chance and advantage but now it's time to just let the chips fall where they may.
Hello
600! An amazing amount of good work! Thanks Dave!
Thanks so much Dave, a great listen.
Dave, I've respected your reports for years and I actually feel like you are engaging in a conversation. I've greatly benefited from my investments in the last five years. I believe in Tesla and I believe in Elon's direction, but I don't think the world at large can sustain itself until these ideas from my childhood finally come to fruition. Russia is stroking nuclear threats, American democracy is crumbling, There is no global initiative to fix the climate.
I want Tesla to succeed, I know it will, but I am worried that external societal pressures will screw it up.
American democracy was a mistake though. It was supposed to be a republic without universal suffrage. The crumbling after that corruption is a positive thing.
This was a terrific clarification by Elon.
Make that 100,001 Dave...I ordered my Y with FSD on Sunday 🎊🥳🎉
@@brunoheggli2888 No my Range Rover Sport is the mistake my friend
Awesome explanation and commentary!!
This is so true! How can you sell Tesla stock??? Just can’t understand lol
Adding stocks gradually and average price went up from 400 to 730 but no fear!!
Just picked some TSLA up under $750, and set to buy more if it goes below $700. Two or three years from now people will say how lucky we were to buy now. Luck has very little to do with it, same way when I bought at $300 before the split in 2019.
Congrats you're underwater rn.
You people are about to get cleaned out.
@@RenegadeRanga Yep. I'll keep buying on the dips. TSLA would have to trade below $200 before I'd be in the red.
Legacy automakers don't have a hope of creating rival engineering teams. There isn't enough talent. The best of what there is will naturally go to a small number of companies.
Dave when you post your next video could you show us the horse Elon gave you?
There is a tremendous amount of stuff that "they" don't get. I just had a discussion (argument ha) with my brother about how it is so hard for some folks to see possibilities until they are actualities. Everything is impossible until it isn't.
This is so good and helpful. Thanks Dave
Till people and wall street think Tesla is just another auto company, its good for Tesla investors IMO. The more it is misunderstood, the more it gives opportunity to buy Tesla shares at low prices.
you're dead right. I thought that people would have caught on by now but it seems that one thing we can rely on is the low intelligence of the general public. long may it continue (well, maybe we could do with a bit more intelligence when voting)
...that's why it's call speculative. If there were actual numbers backing up the valuation, it would be an established company, with dividends and more subdued growth. At this point, much is based on promises.
It really is a gift. The PEG is
@@bluetoad2668 Exactly half the population is below average intelligence. 😉
@@beachcrow yes but it gets interesting when the population you averaged is different from the population you're comparing. Not a popular path to take but very revealing regarding education levels in different countries.
Couldn't agree more. Definitely misunderstood. Loved your take on this as well.
Tesla is teaching me how to appreciate a business
Thank you for all of the details explanation.
If all car dealerships disappear, I will lose exactly zero hours of sleep.
This is the very thing everyone needs to understand that is different from legacy auto.
Great work Dave, as always!👍😀
Well summed up. Thanks Dave
I love your commentary. You go straight to the heart of each point Elon makes and add to the discussion.
This is a great cut of the interview! Thanks Dave!!
Dave but the big, big point is how this speaks to valuation. If each entity (sub-entity) is given a value then the whole of Tesla is made up of this composite value and then some. To me that's part of what's misunderstood as well.
Thanks Dave. Great as ever. Out of interest any idea how Tesla insurance premiums would change once FSD is solved? That is, if FSD is used more than not, would Tesla just apply some standard rate - since it couldn't base the premium on "how well you drive" data? (Since Tesla itself (FSD) would be doing the driving).
In UK, legislation being prepared and insurance companies considering manufacturers as “insured” party in event of accident during level 5 autonomy.
Yes likely to be country specific but the focus is moving away from the owner paying insurance and the operator taking on the liability
Personally, I've always felt that if fsd is driving (once it is complete), than tesla should be responsible.
Owning a car that can go anywhere in any weather condition anytime without human intervention is a distant dream. Will not happen in your life time. So don’t worry about it
Episode 600. Thanks Dave
Very good video, thanks Dave. Best regards, Michael.
Hi Dave, thank you for your content. Does Tesla also use non-FSD car data for NN training?
Yes they run FSD in shadow mode on non-FSD beta cars. They can determine how often the driver did what the car was planning to do
Nicely stated Dave
🤗🧐THANKS DAVE … GREAT SUMMARY 👍😍😍😍
Wow 600 episodes! Keep up the good work Dave
Hey Dave, considering Tesla as many business in one. Which do you think should be unbundled and get listed? Supercharger? Tesla Energy?
If they demerger each company will need to justify their viability as a separate entity, whereas they currently work in unison as part of the whole. The goal of cleaning up energy through smarter products is much better served with a team that has a common purpose.
Wow! Elon is on fire in this interview!
Tesla cars are crappiest cheap plastic trim that rattles and breakdown and ranked 34 th in reliability by auto experts. Tesla is a cult religion and Elon is Benny Hinn and his sheep is happy to donate money for overpriced junk to their cult diety like Benny Hinn.
...sounds more like he's in trouble. Lots of promises, with long, long deliveries on them. The problem with faith is, you can't measure it.
Great video Dave, Thanks
Any idea when Tesla Insurance is coming to Europe?
mercedes gotten approval for level 3 autonomy in germany, what do u think of rising compeition to the fsd ?
Ah I remember seeing that interview on the All In Podcast episode 69… nice
There was a time you bought a hifi set at the audio store.
There was a time you had to update your phone at the phone store.
There was a time you had to develop your filmreel at the photography store.
🤣
...now you have to have your Tesla serviced at the Tesla store.
@@AudiTTQuattro2003 I don’t own a Tesla, but aren’t most repairs done over the air?
@@markehrensperger1460 No all, like mechanical moving parts.
Well done Dave….loved it !
Dave, Thanks for taking Elon’s comments in All IN, conference & expanding on it! You are an invaluable resource for Tesla community. I look forward to your videos!!
Dave, you are the Elon Musk whisperer! Thanks for this and other enlightening videos on EM and Tesla!
Another great video, thank you.
Tesla is a company like no other. If we all invest some amount towards Tesla, and at least own some shares of this company, in 10 years your mind will be blown, by the quality of life improvements alone😀
...or we could all invest in public transportation, like trains and metros. That would really make a differece.
@@AudiTTQuattro2003 Now I see why I shouldn’t have bothered with replying to You.
@@AudiTTQuattro2003 yes public transport is important too. However not everyone lives in cities or suburbs, so there has to be multiple choices to answer the new energy transport needs.
@@AudiTTQuattro2003 Currently, a lot of public transportation uses ICE vehicles. As more EVs get made, the motor and battery technologies will improve and get cheaper, thus making electric-based public transportation more practical and affordable. So there doesn't have to be a competition between choosing EVs or choosing better publication transportation.
I worked at a competing and preceding company, and yes, you can put GPUs in a car ffs. We did it with 2 1080s, cooling was not a problem. The cars weren't constantly out to run over people, interestingly.
Thanks, Dave.
Def thought Dave was interviewing Elon from the thumbnail lol that needs to happen!
Tesla (3:04) "make so much of the car." Mary Barra makes so much stuff up.
Happy episode 600 🎉🍾🎊
I am a Tesla shareholder and an ardent Elon Musk fan. In my opinion, one of Elon’s greatest strengths is his willingness to try things and, if they go pear-shaped, to admit that he made a mistake, correct it and move on. I am also a big Dave Lee fan. Your analysis of Tesla and the stock market is always cogent and Elon pays attention to your tweets. Watching the Twitter saga devolve into a personal smear campaign against Elon and seeing Elon waste his time hiring hardcore streetfighters for a new litigation department is like watching a modern-day version of the tragic stories of Midas and Icarus. Can you think of a way to convince Elon to just walk away from this accursed Twitter deal ($1B breakup fee notwithstanding) and get back to performing his "everyday" miracles, like sharing his vision for Tesla in Master Plan Part 3, wowing the engineering world with Tesla AI Day #2, and launching the first manned spaceship to Mars?
Lol...
Love the thumbnail image and text.
You are right.
l was travelling through Ireland in 2017____ stopping along the expressway to refuel, the Service Centre had in one corner about 12 Super Chargers in preparation of the Future uptake of Tesla cars___we never saw one Tesla during those 9 days. Tesla is always planning way ahead! This is one of the BIG things that sets them apart!
Excellent!😃
With regards to Tesla insurance, I don't think legally you can change the rates frequently(it takes time to get approved).
Other than that, the incentive to drive safer and save money is a no brainer.
Please provide the source for your claim that it’s not legal to change rates ‘frequently’.
@@fredbloggs5902 lemonade's last earnings call when talking about rate changes.
Tesla is kind of like Apple’s integrated model, not only making both hardware and software but also provide all kinds of car services for charging, insurance and so on
I look forward to your videos ❤
Dave are you buying the dip of Tesla? What's % chance Elon will buy Twitter? Love your work.
I love it!
Congrats on 600.
How could you not be bullish on tesla after watching this
Basically, Tesla is an engineer; other auto companies are just like a factory worker. Both are building cars. That's the only difference here. BTW, Tesla silicon is a huge deal and it could be much better if we can know a little more about this team. As far as I know, Tesla used air cooling for the FSD board at first, and then changed to liquid cooling to improve heat dissipation. If that still hold true until today, I would say that their FSD chip is not that "power efficient" like Elon said.
The V2 FSD chip will be 7 nm.
Im in uk can i join the fsd beta?
Those are good arguments, but what is more important continuing to put your energy as the chief creative officer into what your company can really be or put your energy into the culture war that you are putting your energy right now. At this point I am ok with that because it will bring Tesla to a great new entry point level for Investors.
Thank you
Put simply “Tesla made greater net profits in Q1 than Ford and GM combined, matching those of Toyota. Tesla is different to other car companies by being more vertically integrated and this increases profitability by controlling costs and by innovating better cars. There is an EV tsunami coming to the car market and Tesla is surfing high on that wave”
Great 600th episode!
nice dissection
Sem palavras e realmente faz a diferença nesse mundo eterna gratidão cada dia que conheço mas me inspira conhecimento e vida nos liberta
I don't understand why someone would pay a lowly flight attendant a $250,000 severance if there's not some smoke there.
Exactly. And Elon has repeatedly said that he would never settle if he's in the right and never fight if he's in the wrong.
Insurance is still a bit tricky. I bought my tesla with tesla insurance, and two months later, I got my house insurance bill with a $2000.00 increase. Because I no longer have “home + car” package deal, I have to cancel my tesla insurance and gone back to Farmers Insurance. So sad.
Yes! Tesla is a huge conglomerate that is focused on one thing (you missed that Dave!); they are focused on solving the public transportation system and saving the planet !!
And then when the humanoid robots come, they will solve the labour problem and free humans, finally, from ever working for survival! If anyone wants to work for pleasure, then he or she would be free to do so!
Did anybody do an actual comparison between quotation of Tesla insurance vs other insurance companies for a car? And comparison between insurance quotation for Tesla car vs other cars?
Elon is very concise and getting to the point. You can always learn something new from his talks
When Elon said that about 1 Mil will have FSD by the end of the year, I wonder if that means he will distribute it to all who bought it in those countries that allow it?
Dave, I have an idea for airplane safety that I would like Elan to know, how should I go about sending it to him?
This is the first time I've heard "Tesla OS"!!
Very cool - for the stock market though it needs to be translated into numbers ..... which would mean they would need to circumnavigate around the Shanghai lock-down constant pressure ..... ? otherwise things will continue to be shaky in the short term .... in the long term things look positive ....
I’m kind of slightly sad he didn’t mention the bot. That could help the US complete with China, but I guess it’ll change the world really.
Golden video.
This interview was a musk-see! Still amazing Tesla does what it does without freakin' marketing/advertising
I think that people miss the biggest implication of Tesla insurance. When Tesla creates a robo-taxi that is going to drive around by itself and pick up passengers.... what insurance company is going to take on that risk? They either won't insure it or the rates will be astronomical. For robo-taxi/autonomous to be feasible Tesla has to be able to self-insure. The profit/benefit to customers is great, but in reality it's another example of Tesla looking way down the road and addressing a potentially game changing issue before it becomes insurmountable. When any other manufacturer tries to compete on the fully autonomous front... this will be just one more huge competitive advantage in Tesla's pocket.
I checked out the Tesla Insurance and in Texas t was no better (actually even more expensive) than my existing insurance. Maybe the case Elon gave where the driver is up against a demographic the Tesla policy will provide a benefit, but I'm not up against those stats. I also added a driver monitoring feature to my insurance which brought the premiums down even further. The data acquired with that app (which runs on a phone) is certainly not even near as comprehensive as the data that Tesla can pull, but I guess to stay competitive my insurance company is OK with settling for the sparse feedback from the app, and offering up to 30% additional discount.
❤ Very informative ❤
Don't forget Tesla's financing. What if it becomes as big as GM or GE financing?
Hi, I agree the Supercharger network makes the car a better product or better user experience. These people that sell their Tesla and buy another EV are going to learn this, unless they only charge at home or work. The real reason I am writing is I want to hear of user experience of a Model Y with 4680 made in Texas. I don't want to get anyone in trouble.