EXCLUSIVE: Dunne's Tesla Prediction: A Move That Will Stun Investors!
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- เผยแพร่เมื่อ 2 มี.ค. 2024
- Michael Dunne shares 2 very important points you’ve not heard yet. First his prediction that Tesla will be launching a price war in the US! And second an EV underdog who might end up winning it all.
Michael Dunne is the CEO of Dunne Insights, an advisory firm with expertise in global electric vehicle markets and battery supply chains. Dunne is also an LP at Assembly Ventures, a Michigan-based venture capital company. Dunne was previously the president of GM Indonesia and, before that, the managing director of JD Power operations in China.
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Website: www.dunneinsights.com
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I don't really think Tesla's strategy is to bankrupt other car makers, but they will do whatever they have to, to sell all their cars while ramping at maximum speed.
the mission is to accelerate the transition to sustainable energy lowering the price expands demand
Concur, this guy’s got it wrong. Bankrupting others makes the mission harder.
Absolutely agree. Musk wants as many EV makers as possible making as many EVs as possible for the mission. He is cutting prices only because he knows mass adoption is directly linked to affordability.
Totally agree. Elon is HELPING the competition. Opening up Superchargers, open sourcing patents and being open to doing deals on FSD. Apart from anything else, trying to bankrupt the competition would be very bad for karma !
It’s the same thing. I don’t see them slowing down to keep other OEMs alive. That would only happen if the get in anti-trust trouble.
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@RobertDennison411 How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@RobertDennison411
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@Nickolas_M_Greer Rebecca Charlotte Craig is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Intention is not to drive competitors out of the industry it's to expand demand and thereby accelerate the transition to sustainable energy
I concur. Tesla will do what takes to sell everything they can build so they get as close to zero in units in their inventory. Tesla has the luxury of starting to scale to mass production. Telsa will raise prices if they can’t manufacture enough units. So the effects of what they are doing in the marketplace could help put other OEMs out of business especially ICE legacy corporations with heavy investments in ICE manufacturing and EV startup who just done make it. Keep in mind Tesla’s mission is to transition to BEVs as quickly as possible so they need other OEMs to help with the transition but that doesn’t mean Tesla’s executives (especially Elon) and Board aren’t paying attention to finances.
@@Jason_xofilos
It's taking Tessy 2 months to make my standard configuration Model X. Clearly not having problems selling inventory
I know EV fans are all saying "demand is good" and Tesla saying "we don't want to put competition out of business". But in reality putting competition out of business IS the goal. Either Tesla eats the competition, or the competition will eat Tesla. The idea is to grow profits for the shareholders, and nothing else. If it wasn't, people would not invest in Tesla.
Just like Biden saying he wants to secure the border, that is what people want to hear, but we all know Biden's goal is to keep the border open.
Very informative. Please invite Michael back every month to share his insights.
The best overview on the motor industry this year. Great. Thx
Thank you MICHAEL 🙏
Very interesting and en eye opening episode. Thank you. Will be following Dunne in X.
Herbert really gets hurt when anything that is true is negative Tesla,truly a Tesla fan and a loyal investor
Herbert, your channel brings so much to the table. MORE like this please!
Michael should disclose whether he holds stock in vinfast
He did say he owns tesla stock
It's one of the best stocks to hold longterm...
Seemed like a paid vinfast promo
"GREAT "interview Herbert one of the best. Mr. Dunne is Dictionary of (in the know kneledge).
Very insightful conversation 😁😄😃
This is an outstanding video. Great Host and great guest.
Range extender is just another configuration of serial plug-in hybrid.
BMW offered the i3 with a range extender starting in 2013.
BMW discovered virtually nobody used the i3 gas powered range extender. People have range anxiety until see it’s no big deal as they can charge almost anywhere.
This was a great interview. Thank you.
While I'm all in on EV, I'm listening to this in my 2017 Volt waiting for my Cybertruck. The Volt is an amazing little car. Since I purchased it in February of 2020 I've put in $690 of gas. This includes a trip to Michigan where all of my family is still working for or retired from the Big Three. Everyone there uses range as a reason for not going EV. The Volt wad the perfect bridge, and when GM killed it, I knew they were done. I hope they are around long enough to cover my parents' retirement years. Great interview.
Unfortunately e-lawn will never allow a Tessy to provide more than 320-ish miles of actual range, with most falling between 220 and 280.
He fundamentally disagrees with giving you a car that holds a capacity larger than the average buyer will use. He wants to force the use of Superchargers instead. Really sux for many reasons
@@yourlogicalnightmare1014 the alternative is to lug around a massive battery pack that is unused 90+% of the time.
@@darylfoster7944
I live in a house and charge at home.
I have a Model Y Performance.
The car gets so few miles of range, I charge it E V E R Y S I N G L E D A Y.
I have never gone a single day without charging it because I know it won't have enough juice to get me through 2 days of driving. I don't have that problem with my ICE BMW M3. I may fill it once every 7-10 days.
If I can't even get through 2 days with a Model Y without juicing, I would by FAR rather "lug around extra battery" and feel extremely comfortable that I can go an ENTIRE 2 DAYS doing whatever normal life tasks I do and not run out of juice.
I don't care what e-lawn wants. The motto is supposed to be "The customer is ALWAYS right" I am the customer, and I want at minimum 500 miles of USABLE range.
If I lived in an apartment, there's no way in hail I would buy an electric vehicle. If I had to drive to a supercharger every other day, there's no way in hail I'd buy an electric vehicle. 250 "usable" miles is nowhere near enough to get a shht ton of people to give up their ICE cars.
Meanwhile, my Model X will be here sometime this month, and my millies in Tesluh stock are staying put. I still deeply hayt e-lawn's "the customer is always WRONG" approach to EVs. He clearly knows nothing about ordinary lives and ordinary needs.
As a person working overseas, I agree that our biggest risk is one most Americans underestimate. It is the Geopolitical risk of China. It has happened time and time again with oil and manufacturing companies. The few people employed by Tesla and downstream will not matter. If Elon says or does the thing offends the CCP, it is over.
It is not going to happen. The company is fully owned by China and Elon has a good relationship with the CCP!!!! Tesla is building a mega pack factory in China this year, it is being built. For huge Batteries to support Electricity companies back up power.
Between the Tesla factory and the suppliers there are close to 40k employees!!
The factory has been open for 4 years!!!!
China needs Tesla more than Tesla needs China big Tesla’s technology leads. China copies and they’re happy
Very good interview Herbert. Good to hear from anyone with experience in the Chinese auto market.
Thanks Michael and Herbert, I feel like I was traveling in China for a moment. My Son and I spent one month in China during the "Bird Flu" and luckily didn't catch the killer virus. We saw the good and the bad. The public bathroom so strange and not so clean The people were all gracious the air quality was terrible. Everyone smoke cigarettes and the best part was the food the spicy food especially. So good.
Bad air quality and everyone smoking. Sounds like 50's America.
How does the additional weight/cost of the generator & gas tank etc compare with the additional weight/cost of a battery that would provide a similar range?
When batteries were expensive there might’ve been a case for an on-board generator but as every year goes by the cost of the battery goes down and the generator stays the same or goes up along with the gasoline to run it. It’s basically a dumb idea that appeases uninformed buyers who listen to Fossil Fuel Industry FUD.
😊thanks for this brilliant interview 👏
Great guest and great insight.
I thought I knew the auto industry... I do, but now I know it even better.
I thank you both.
I knew about Vinfast 5 years ago, when they were planning to expand. The problem with Vinfast, is that you have to buy the car, then pay to buy the battery or to lease their batteries through a subscription. Unfortunately, they are not priced low enough to make that model viable.
If their costs the same as Tesla, why would you want to purchase them? You still need to lease their batteries after purchasing.
Also, using dealers does not work. Too much overhead.
Great interview 🙏
Great interview! Thanks to you both.
Hey Herbert: Great interview! Thanks for all you do for the interest and information of the EV investor community. But, RE Vinfast's RANGE EXTENDER feature; do not be sucked in. That is just a hybrid! What do you think the generator is that charges the battery as you drive along? It is of course just an ice engine turning a generator to generate electricity. it may have a little different form factor and configuration compared to other hybrids, but the ice engine turning the generator suffers from all the inefficiencies of any ice engine - and emits all of the same pollutants.
Please mention the Tesla Muskegon, Michigan event, June 15th and 16th, thank you. The Highlander😊
Fascinating interview Herbert! Thanks!
"Take me to your automotive leader." Comic genius
London Black cabs are now extended range EVs
I have a BMW i3 Range Extender, it is great because it overcomes range anxiety and the poor UK charging infrastructure.
That was an excellent interview young man the highlander p s kindness is always free😊❤
Herbert , great interviews , I feel one topic we should deep dive into how China makes low cost EVs. Seems there hasn’t been an overall deep-dive into this and would be great to know more. Thanks!
Great interview, I've been on the fence with investing in VFS, Michael repeated my thoughts (and maybe what I wanted to hear !! LOL).
RE Vinfast's RANGE EXTENDER feature; do not be sucked in. That is just a hybrid! What do you think the generator is that charges the battery as you drive along? It is of course just an ice engine turning a generator to generate electricity.
Here in Sweden we now see BYD cars and sometimes an XPENG and NIO. I talked to a NIO owner some time ago, he loved the car and the quality.
Cheers guys
Extended range is a plug-in hybrid with a bigger battery and usually with a smaller gas motor
Legacy auto makers are having their Kodak or Nokia moment.
They are moving too slow to transition to new electric vehicle technology.
Tezzluh is doubling down on way too small & way too slow capacity.
My Model X order takes 2 months to fulfill. My Cybertruck order takes 2 years to fullfill, my minivan order will take at least 5 years to fulfill as I can't even pre-order it yet.
Semi production is at a snails pace, along with refreshed Model 3. Next Gen compact is years away from full steam, full availability.
Tessluh operates like a mom-n-pop shop. They need 5 more factories just to reach the same availability ICE cars have on dealer lots.
If I want an ICE car in a particular configuration, in most cases I will be able to find it locally the same day. I have owned a dozen different ICE cars in my 50 years and never once had to place a custom order or wait months to find what I wanted.
american car brands are dead anyway. it's all about the germans, koreans, and japanese. and yeah, chinese are coming.
They're moving slowly because they're scared to have multi-billion dollar EV losses cut into their overall profit. The share price would drop, and that's probably their primary concern, that they might lose institutional investors.
@@darylfoster7944
I would suggest they are already suffering losses based on their snails pace in production. Not everyone has the luxury of waiting years for a pickup, a compact car, or a minivan. Their waiting lists also show their demand far exceeds their supply.
Extended range(?), is essentially a series hybrid with < 100% chargeability of the battery pac. You COULD keep the Frunk, put the Genset in the rear. A omnivorous engine would be a huge blessing to boot.
With the imminent halving of battery price, driving down prices -- before the battery prices make it possible for second rate producers to field an inferior yet affordable EV was a great move. Prepare for a feeding frenzy when the model 2 is released along with this decrease in production costs.
Ford and GM destining themselves to a long, slow demise. Thank you for inviting Michael Dunne. Surprised and happy to hear about Vietnam's innovation.
Wow ! Definitely no tunnel visioned Bob Lutz ! And I was waiting for " . . what keeps me up at night as a Tesla investor. . " And finally at the end you and Michael Dunne came through as best as you could, I believe. It's China's Xi . Thank you !
That's so much better of an extended range solution than the cybertruck ER battery
I've thought that if I get an electric truck it would be worth it to throw a cheap little generator and a small tank of propane in the back just in case.
@@ellenroehl6022charge at 3 miles per hour with a 120v generator, or drive to a supercharger and charge at 600 miles per hour. choice is yours
You mean an awful solution. Triple the complexity. Servicing and oil changes required. Ugh.
@@lighthousesaunders7242 hybrids: the worst of both worlds.
@@ellenroehl6022 If you're towing a travel trailer up I-5 and you don't want to stop to recharge every 90 minutes, a tiny gas-powered generator is a way better option than adding a 1500 lb range extender battery that permanently eats up half your truck bed. There are use cases where this makes a ton of sense.
This man actually say "coochie tunnels"?! Hot and humid 😂
sounds like a nice place to visit.
I’m pretty sure I’m not the only one, but he did give me excited about the Vietnamese very good story teller they need to hire you to explain the company to people
This is a great interview. BAR none!!!!
I believe Apteta can grow considerably they can just get the finish their production start
One of the best interviews 😊
Tesla isn't trying to put others out of business, they're simply trying to sell every car they can make. Prices need to drop to do so.
Good interview. Apart from your enthusiasm for Vinfast. As someone with 20 years working for the OEMs, nothing you say about Vinfast make me want to invest. It’s all fluff, no positive numbers.
what vinfast lacks is top tier talent and a visionary leader. Until they acquire both of these components neccessary for success, they will always be behind following.
Vinfast is a joke 🎉🎉🎉
I agree with those who say "extended range" is still a type of hybrid versus another type of EV. I get the wheels will always be driven by electric motors, but if have to burn fuels to run an engine/generator, it is not a true EV.
Regarding prices for Tesla, he should read the Mission or vision for the world to transition to electric vehicles
Very interesting take on Tesla price cuts. My feeling is that Elon is not thinking this way, however it makes total sense at a business level.
Tesla has laid the foundation for a quasi-monopoly in the model of Apple's smartphones. The vertical integrated, software-up design, clean cockpit, charging network/NACS, online sales, battery storage, 4680 cells, 48v, steer/break-by-wire, FSD, $25k car, etc. are all parts of a system that everyone MUST adopt. No one else has a piece of the innovation pie.
Which of those are moats the Chinese can't breech overnight?
@@DanielASchaefferIf you are following, you're not leading. Samsung is a follower of Apple... Apple is taking 80-90% of the global smart phone profits. Tesla is similarly taking the bulk of profits by innovating.
@@fredhearty1762 the iPhone has a software moat. Tesla may develop a rabid fan base for their software but if they're constrained to North America because China flooded the rest of the world then it's not going to matter.
@@DanielASchaeffer I imported and sold Chinese products for 35 years. What the Chinese don't have is the 100 year history of the U.S.. One hundred years of buying the next cool thing and willing venture capitalists ready to make it happen. California is at the centre of this with anything recreational or clever like renewable energy and electric cars. Individual happiness and freedom are essential for creativity. The Chinese population on the other hand has a collective mission imposed on it. This is good in a way because the population has been able to climb out of extreme poverty but a population that is controlled by the thought police is doomed to just being a nation of copiers. Copiers that, admittedly, are pretty darn good at scaling up production. They like Tesla because Tesla mostly shares its innovations. It saves them the trouble of having to steal them.
@@NotExponential I heard him. Rapid innovation can only get Tesla so far. If you're hamstrung in anything but N. American and European markets, not in control of your supply chain (and Tesla, decidedly, is not), unwilling to protect your IP, and at a 4:1 disadvantage in terms of engineering talent, you've got a problem. It takes a lot more resources and time to innovate than it does to copy.
It's in their masterplan, make more & more affordable cars...
Two concerns about VinFast:
-Will the US models have NACS?
-Have they gotten away from battery changing idea to battery charging yet?
Billionairs starting a car company reminds me of the time every billionair wanted a to own an airline.The became a millionair quickly.
Very interesting and enlightening discussion! I’m definitely BRIGHTER after watching this. But when we talk about regulation in the future, I think autonomous vehicles will be the norm and the regulation will be placed on human drivers to make sure that only the most vigorous and alert drivers are allowed to drive on roads that are 90% driven by autonomous vehicles. No more grandmas and grandpas on the road. Most humans won’t have the reaction time to drive on roads with inches of tolerance between vehicles, which AI will handle with ease!
I don’t subscribe to the idea of a prize war.
This wouldn’t sustain Teslas goal to transition the world to sustainable energy. Elon once said „we can’t do this alone“.
That’s, why Tesla opened its patents to others or sent them a manual for transition to 48 Volt system in their cars.
The only reason for Tesla driving down prizes is, to keep up demand and tackle this time of high interest rates and inflation.
If they would instead just lower their production rate, they would not only sell less cars, but loose the advantage of the economy of scale.
So, Tesla decided that’s better to keep up the production rate and sell more cars for a lower price and sacrifice a part of their exceptional margin, which is a competitive advantage, because other companies can’t afford such strategy because of no or even negative margins.
About a year ago, I believe Sandy Monroe commented that US/EU car makers would try to consolidate to survive, but they’ll still fail.
Extended range is just a hybrid!
The US market for new cars is 14+ M cars/yr. If Tesla kills everyone else what will the 13+ M customers do if there are no cars to buy?
ICE cars will be a thing for quite a while
@@darylfoster7944 "Ya-Got_That-Right" with the public charging infrastructure as it is I am thinking of going back to GAS for roadtrips. On recent east coast trips overcrowded charging stations stretched out our day more than we wanted.
Customer Service & afordability & bang for buck are also important factors in Success!!! I hope Tesla will inovate them as well!!!
First principle : Accelerate the transition to sustainable energy. Second :Make electric cars affordable. Third: Worry about competition / advertise / please investors .
Who is the beautiful lady at 0:50? Stella Lee of BYD? She's look great stepping out of a Cybertruck.
I thought it was Deadpool's new trailer, but there's something about Tesla
Regarding range extenders: first, they aren't new. The BMW i3 had a range extender option. But more importantly, how long will that be a thing? All markets are different, of course, but in the US they probably won't be needed for more than a few years. The Tesla supercharger network is expanding rapidly while battery capacities continue to grow. The number of use cases where range extenders are desirable will dwindle into just edge cases.
So this is the dude that took GM in China from THE dominant player - to a whimpering POS...GREAT
BYD’s stock price has collapsed. Curious if people feel this is a blip or something more terminal?
I'm back continue 😃
As far as VinFast, I still remain highly skeptical. Their pivot to a dealership franchise model already creates a weakness. I get Tesla and maybe Rivian seem to the only ones making that work, but cutting out the greed of the dealers means you can retail your products at lower prices and still turn a healthy profit.
I also do not think VinFast has offered innovation. I get they built a new factory a few years ago, but that was a factory still doing ICE as well as EV. Sandy Munro spoke of the challenges of using an ICE factory to do EV.
Apparently a few years ago VinFast was going to take on the Australian market, bought land and some other assets and then shutdown everything there.
Maybe having a CEO that is already wealthy might help. In theory it would make him less influenced by Wall Street which should mean more able to plan for the long-term and stick to the plan.
It is goid for consumers to have many options, so hopefully VinFast is better than what I think. Tme will tell the truth about VinFast.
Thailand would be the logical choice for a $25k car gigafactory.
The way you highlight each word in the subtitles is quite distracting from the important content.
I thought the Vinfàst model was to sell you the car and lease you the battery. Is this true?
Yes. Lease the battery.
Curious to know Dunne's thoughts on the impending Chinese population collapse due to the one child policy and how this will affect their manufacturing and purchasing ability. It's not as if they are able to adjust via immigration like the US always has.
The population isn't going to collapse, it's going to experience a slight decrease. A huge percentage of the population is still dirt poor and has virtually no purchasing power.
If Tesla gave away their cars for free it still wouldn't put the big three out of business. Think about it, the Chevy Volt costed taxpayers $150,000 per car.
NIO ,High end I hope , here to stay
No shortage of competition for Tesla....however, the one thing Tesla has that the competitors don't have is AI tech....
+ TESLA Energy will be bigger than Tesla Auto after year 2030
Waymo/Google will apply the AI tech
Great interview, Herbert!
Just wait for it. Openai, Microsoft, figure and bezos.....Amazon uses rivian delivery vans and has azure
Why is Tesla not taking advantage of the "Built-in America" label?
The largest most profitable market for TESLA is an EV pickup other than Cybertruck. I believe Cybertruck was a mass produced test market vehicle for new technology.
Keep ramping ct up and build a damn 3 row capable full size SUV at scale profitably on the ct platform to replace the X.
And better compete against the Kia ev9, ioniq 9 and rivian r1s, hummev SUV etc. 👍🏻
Imo they should also make a compact or mid size pickup on the m3/Y chassis like geely did with the radar rd6 on the sea platform.
100kwh pack=500+miles cltc range for a mid size ish capable for most small truck users vehicle. Even epa range would be mid 350s.
A LOT of small fleets, couriers, parts deliveries, landscapers, pest control co etc.
Could all use a legit 250+ mile range mid size or compact ev truck!
Do like Ford with ford pro services and charge for basically all telemetry, charging costs, insurance etc. 👍🏻
Something like that!
They did go all out withe the technology. Obviously more than the market required. But they will make that worthwhile!
And now they do even more fun things with the Roadster.
It will do more than keeping the engineers happy!
I wonder if they will do magnesium megacasting for the Roadster.
A normal company would do that just with the wheels, or perhaps the suspension!
Exactly right - Tesla should go up in the U.S. market as well as in China, with a new X and a minivan, to target these larger, higher value (and higher fuel consuming / polluting) passenger vehicle segments.
Who buys minivans anymore? And X is such a small seller. If it disappeared, nobody would notice.
FSD - it'll be an island - at BEST
Genius
So again - he took over the most dominant profitable auto player in China (GM)
and drove it into the ground . get you pen and paper out....
The only people that think this "extended range" gas generator will be a thing are people that don't already own an EV, especially a Tesla. It's a silly idea that will only sell to people who are ignorant.
Autonomy - show me the money! $10K or more cheaper for the average family to use Robotaxis ratther than use their own car.
All EV competition welcome. No ICE competition welcome.
I often wonder if NIO and its BAAS will have any dent in the EV market within China/Worldwide. I believe they seem to target the more luxury models of EVs.
Jeff Lutz is full of it
Tesla does want a price war with any company. It just wants to produce EV that consumers can afford. But with the high interest, it make owning an EV become unaffordable. Thus, Tesla has no choice but to reduce its price on every model. Also, Tesla has built up many factories and many suppliers, a company can’t just stop or substantially reduced its manufacturing capacity without negative consequences. Therefore, Tesla just makes the best out of a difficult situation. I am surprised & very disappointed a guy like you Mike called yourself an entrepreneur 😮
VinFast is having big issues. The cars are not made well and other issues. We will see.
35k sold in 2023???? They have a very long way to go and they are having issues with people who are reviewing their cars. Not good!!!
To much complicity, with 6 vehicles???
If your profit margin is 15% and your competitors profit margin is 5%, the path to taking over their market is clear, just reduce your prices (which they will have to match) to the point where your competitors products are no longer profitable. Of course, it might be better to keep those companies alive so that they can license technology and software from you.
But Tesla hasn't yet the production capacity to expand into the void created by the price war.
The won't have that for two years!
One factor that played a role was the price limits on BEVs put in place by capping the tax reduction. That killed of the US competition, and helped Tesla with the price war. A typical stupid government thing to do!
If they wanted to support BEVs, they wouldn't have put a price cap on them. That would make it easier for the rest of them, and not just Tesla.
Chinese auto makers have two huge problems when it comes to expanding business worldwide and that is Europe and the USA. Those two problems are number one Chinese government subsidies which the European government is investigating right now, and the concern that their cars are gathering data on the drivers which is a huge concern in the USA. In both cases, this could stunt their progress in both markets substantially in the future.
Legacy auto dealers are a nightmare for legacy auto makers. They gouged customers trying to buy electric vehicles.
Legacy auto dealers abused their customers by adding market price adjustments to gouge their customers for EVs
They added pricey add ons and other costs to pump up the prices and their profits.
Tesla has the right idea. Buy online. No hassle. No sitting in a show room for hours. No salesman BS. No crazy markups.
No I have to see my manager BS. With Tesla you can buy a vehicle in 5 minutes or less online. The dealers have no one to blame but themselves. The dealers are dragging the legacy auto makers down with them. The problem with legacy auto makers having slow sales leads back to the legacy auto dealers. They try to talk people out of buying and EV and want to put them in a gasoline car.
Yeah there are some states in America where it's illegal to sell without a distributor .....Madness..... Strategy is to buy a second-hand TeslaThat's the way to get around it
Michael Dunne is wrong, Tesla is simply following it's stated master plan to accelerate the transition to sustainable transport. Tesla is not engaging in a price war, it is lowering prices to increase TAM and therefore EV penetration as stated in it's mission statement and master plan. Any damage to other EV start ups and legacy OEMs is simply unintended collateral damage! I agree price cuts will continue until the automotive and energy industries have been completely transitioned. This is all clearly stated in the master plan and mission statement and should not be a surprise to anyone. The difference is that Tesla will not stop cutting prices and costs even if ALL competition is eradicated.
While it's tempting to infer that Tesla's price reductions are principally aimed at "destroying the competition", I do not believe this is even a secondary or even tertiary objective.
1. Tesla reduces prices because it can, and price reductions are chiefly to retain sales volume. It's important that the pace of production is maintained (improved) for many reasons, mainly COGS and economies of scale.
2. Tesla announced nearly 20 years ago (in 2006) via their "secret master plan" that a core objective was to make increasingly affordable EV's.
3. Tesla has sufficient margin to adapt pricing to factor in prevailing macro market conditions. Currently, economic pressures and high interest rates make a new car (EV or otherwise) out of reach of many consumers. Because Tesla has very little debt and billions in the bank, Tesla can afford to drop prices and take a hit on margins, and still remain highly profitable.
4. Tesla is far more keen to see other automakers succeed in the EV sphere. The "competition" is not other EV makers - it's ICE cars.
Michael Dunn seem like a really nice guy - but I think his perspective on the future of automotive is jaundiced because of his long-standing involvement in the traditional OEM sector.
Vinfast is risky, and in my view, has no future. Like ALL carmakers who are incapable of leveraging FSD and AI autonomy into their vehicles, Vinfast will "evaporate-fast" when the need to own a car disappears.
Dunn says "Vinfast recognises the future is electric cars"... Nonsense!
The future is about autonomy and AI integration. Tesla won the "EV race" over a decade ago. A few have made reasonable efforts to emulate this, but effectively, the future is robotaxis.
It will not matter if these robotaxis are powered by hydrocarbons, electrons, hydrogen, nuclear fusion, bottled-fart or fermented unicorn urine... The public won't care... All we will care about is easy, convenient, comfortable, safe and VERY CHEAP TRANSPORT, and when this happens we will increasingly STOP purchasing the actual car.
Giga- 🇮🇳 😊
Virginia Lt. Gov. Calls Trans Senator Sir! 🤣
PatriotTwins
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Tesla doesn't need to drive its competitors out of business too early. When it introduces and ramps up its next generation vehicles most of their competitors will go out of business.