One thing you missed about that 700 fewer parts is that is 700 fewer parts that they have to tag, transport, and store for however long between manufacture and installation. As someone who's had to deal with parts storage over the years, I can attest that not having to find something to do with a part till you need it is a significant savings in time and effort all on it's own.
@@gregbailey45 I'm not even talking spares. There are entire warehouses dedicated to nothing but shelf space for parts right off the assembly line intended to be sold as spares. I'm talking about the actual build parts. No two production lines are ever exactly in tune with each other to hand off parts as they're needed for a car being assembled, no matter how much time you spend trying to tune it that way. Slow down a stamping line for a part that is needed for a subframe brace, and you leave yourself vulnerable that a breakdown creates a backlog of other parts while it waits to be fixed. Order a pallet of control arm bushings from a manufacturer to have exactly the number you need for the control arms coming down the line, you risk a shipping issue halting production. Companies know that there could be reasons that a part isn't on the assembly line the second it's needed, so they tend to overproduce at least to some degree in an attempt to ease that issue. That creates issues of storage management you have to constantly adjust as thing get changed in the assembly or breakdowns somewhere down the chain slow parts demand. You could easily have over 100 people on staff at an assembly plant who's sole job is to manage and transport the EXTRA parts if/until they are needed, depending on the reliability and complexity of the assembly line. 700 fewer parts means 700 less lines on the inventory that have to be fussed over hour by hour.
@@hellcat1988 It is not only the logistics involved in storing and getting parts to the right place at the right time, but also the quality control issues of testing and checking parts, or discovering that a defect slipped past the quality checks either because of faulty checks, or was not ever thought of as needing checking. Then all of the potentially bad parts need to be found, checked, and then either returned to inventory or disposed of. And all the while trying to get replacement parts that meet the quality checks. The best way to avoid problems with parts is to not have them in the first place.
Excellent summary on why Tesla is so far way ahead. Sandy Munro is an extremely precious resource to highlight why Tesla is years ahead of the so called competition. LOL at the Experts dismissal of Tesla.
Excellent content as always Lars. You are the first Tesla TH-camr that I follow who has highlighted Tesla's crazy fast development cycle compared to the OEMs - an average of 27 production line changes per week per model, while OEMs batch a few changes together then introduce the changes every 2.5 - 7 years. Tesla (and all Musk companies) operate as a full Agile shop in both software and hardware, and Joe Justice is the only person I can see who is explaining how Tesla do this (12 hour shifts, continuous 3 hour Sprint sessions on tasks set by AI with the change implemented on the next available car in the line, 100% automated regression testing on every car on the line and if the change improves the car then that car is sold and the change becomes standard in the line, etc etc). Joe worked with Tesla on Agile Hardware during 2020, and he left exhausted but elated by the crazy fast pace of each work day. He knows of no other manufacturer in the world operating at this pace of innovation.
I fell in love with Tesla in august of 2011 when I saw my first Model S and it was just because of the looks. I had no clue it was electric. I was 12 years old. After that I have been fascinated by Tesla to this day. I just wish I would have invested in Tesla back then but at that age I had no clue what investing was. Well at least after 10 years I can finally pick up my own Tesla next week. I remember always telling people about Tesla and how it will be leading cars into the future. But no one believed. 10 years later I know I’m right
I fell in love last november. A bit late and I am probably never putting money where my mouth is, but it has been a wild ride following elon. Another thing I don't understand: If you truly believe in Tesla why don't you just wait for the 4680 battery to be integrated into production in a couple years? Surely quality will be astronomical in comparison to now. However, I know if life mandates you to buy a new car for transport I get it.
Tesla is on the bleeding edge. When they are done establishing a market... Big Auto will take it back. How?? Regulatory overburden including per mile EV road tax.
Yep, two weeks from concept to brand new tool in use in production when I was there and had an idea. At Ford your team lead would probably not even pass the idea up to managers.
The question may no longer be how to catch up with Tesla, but rather how to stay in business even with government bailouts. More than 100 yrs. in business with more than $100 billion in debt, what is wrong with this business model? Tesla writes its own enterprise software, an entire industry on its own. That alone should scare the living cement out of a legacy ceo.
The situation Ford, GM, and the other ICE makers find themselves in is perfectly described in Clayton Christensen's "The Innovator's Dilemma". This phenomenon has repeated itself many times in many industries. Now it is the motor companies' turn. The book is an interesting read for anyone in a field being pursued by a new technology. As has been noted elsewhere, the vehicle landscape in ten years will be very different from today.
Kodak made one of the first digital camera prototypes but decided not to pursue it since it would cut into their film sales. No more kodak moments now….
@@paulpedersen1329 It’s easy to criticize companies like Kodak or GM for not being on the forefront of innovation. But look at it from a CEO’s perspective. Kodak was making money on their film business, do you switch to digital which may not work out? GM and Ford have billions invested in making gas powered cars. Do you now keep making gas powered cars and now make EVs as well with all the extra costs? Toyota thought the future was in hydrogen powered cars and probably spent a couple billion on that but it now appears to be a dead end. Like they say hindsight is 20/20….
@@larryo6874 Yeah... but Toyota could have easily hedged their bets. They were even one of the early investors in Tesla, and were briefly using Tesla's powertrain to make an electric Rav4. But they failed to realize what is going on and sold their last TSLA share in 2017, whole 5 years after Model S won that car of the year accolade. Toyotas effort in the last decade is one fumble after another.
@@larryo6874 It's true. Ford, GM, et al. were between a rock and a hard place. Do you bet a going concern on a technology that might not work out? Either way, there's a big risk to the company. And for individuals in the company - especially bureaucratic and hide-bound companies - the risk of doing something is greater than the risk of not. (GM has less of an excuse, after the EV1 debacle. They saw the future and tried to bury it.) But the "don't rock the boat" mentality that the old companies have been following for decades really is indefensible these days. Technology revolutions are going on all around us, faster and faster all the time. A bit of boat-rocking is necessary.
A couple of other items to add are: 1. In the U.S., total automotive marketing spending is about $35 billion per year and climbing, with roughly 10% of automotive sales revenue consumed by marketing expenses. Compare that to Tesla who does not have a marketing department and relies on word of mouth, test drives, current customer reviews. They are currently supply constrained and no need to advertise as they can't produce fast enough and some models currently have 6+ month wait times. That allows for more revenue to be spent on R&D. 2. Also, those 35% profit margins on Tesla Model 3 are something other auto manufacturers could only dream about. Even luxury car manufacturer Porche only has around 6% profit margin on the Taycan. In the non-luxury car market, the EV profit margins are even lower. 3. The supercharger network build out over the last 10 years has given tesla a huge advantage over other EV manufacturers. It has over 27,000 supercharges at around 3,000 stations worldwide and plans to triple the size of the network within 2 years. I'm sure there are several other areas as well that I've not hit on. Like new tabless 4680 battery. Cold Rolled Steel for the CT. etc.
You r probably right but I actually have been getting a few Tesla x Space X ads. They were super creative and entertaining but I'm not sure about the 0$ marketing unless someone is producing these CGI ads for them on Mars.
On number of pieces reduced due to Giga Press - in addition to getting rid of 528 pieces, the time for each front / rear casting is 45 to 90 seconds. There is reduction in complexity, supply chain, inventory, time to produce, robots.. wow !
@@abhidhatrak1 clearly that’s why 6 year old Tesla Model S are better today than when they were bought, and have a much higher resale value than any comparably priced and featured ICE car, and why your prediction will be tried in a few years when the single casting M3 and MY will only increase this trend. Sure, makes total sense.
Congrats on the M3. I've had Model S 75D since 2018 and love it. The last ICE vehicle I purchased was in 1999. And at this point I can't see myself buying anything other than a Tesla. I also bought some TSLA in 2019.
yea I took delivery of my M3P Q2 21' absolutely excellent car. Can not wait for my CT. I enjoy this car more every day , I want that FSD perfected, not quite worth what I paid for it ,.....YET.
To be straight up honest, I just got my tesla model 3 a few days ago. And compared to my 2017 ford fusion energi the Tesla model 3 is so far advanced in every conceivable way. The technology the style, the quality, the ease of use is second to none. They are not in the same ball park. An all electric car that is so fast, a center display that does everything complete with voice controls and navigation and entertainment. Even the trunk uses buttons to open and close. The rest of the industry is just screwed and Tesla is going to eat their lunch in the next 5 - 10 years. Because they are not slowing down. And they have so much money to expand and their stock price just keeps going up. Don't forget they also do solar which the government is going to be throwing trillions into now. Tesla can't build capacity fast enough. It reminds me of iphone in 2007. Eventually everyone has one, doesn't matter how much they are or what short falls they have because eventually they will fix them. I have zero complaints with my car, its so far ahead of anything i've seen before you can't even list. Its like going into the future car an alien race made with advanced technology. Its that amazing.
Having worked at Fords for over a decade and seeing the rise of Tesla, unless Ford is begun to be led by engineers / guided by first principals then they will always be playing catch up at best or eventually go belly up as their market share dwindles while their debt grows ever more! Ford needs less managers and 'Ford Lifers' just hanging on for their pension but engineers and a new work culture that does not need 15 meetings to decide a change of a light bulb!
.... and after a solid decade of EV hype there are currently about 1.5 million EV's on the roads in USA. Many of them are Leaf's. Point being: when the technology is ripe, the big players with their diversified supply chains will put Tesla out of biz. Again: after a decade of hype only 2% of new cars sold in USA are EV. Most people just do not trust them or want them but they will when the local Ford, Chevy, Toyota, Subaru, Honda...etc, etc. dealers have showrooms full of various models from $10k to $150k. Right now, Tesla is mostly looked at as a rich person's car (and they don't pay road taxes :( :( )
@@ronaldhaley6169 You don't get it. "Ford" is a brand. They may very well sell Tesla cars one day. Think APPLE...almost 100% of their phones are made in China (etc.) by other companies.
@@SunriseLAW Ford makes its money on trucks. It's competitive because there is a 25% tariff on imported trucks. Electric trucks will decimate the gas truck market.
History is repeating itself‼ Back in the 60s/70s (primarily early 70s), the Big 3 didn't take Toyota & Honda seriously....AT ALL‼ The OEMs have NOT learned their lesson ‼😆😆😆😆😆😆
"Ford CEO says Tesla needs to be taken seriously..." This brings to mind the captain of the Titanic saying we need to take ice bergs seriously as the water pools around his knees.
@@cidmedini3444 Ford doesn't have 20 years left, they won't make it 10 more years, along with Chevy, Stellantis, and most OEM's out there. Tesla will crush them, and toss them in the recycle bin. It's just a fact.
Legacy auto will just pass a new law that any car sold in America has to have 20,000 parts. With a list of parts required. They will claim, it is for "safety." Like lidar being required for "safety."
Then I'll order my Model Y over VPN from Germany and have it shipped to America because the cost for a 20k part American car that will be half as good will be astronomical
Even in that case, Tesla could probably cope. It's not as hard as you might think to piggyback a program into an existing system and only make it SEEM to work, while the original still does it's job as intended and ignores the new input. I've had to deal with more than enough software over the years where it seems like the developers do it just to piss off the end user. I imagine they could have the lidar only hooked up to a warning light but let the visual system continue to handle all the safety stuff. Same with the extra parts. They could be as integrated to the actual car as a sticker is to a paint job.
They will just learn the hard way. I have no sympathy. EVs could have been mass produced decades ago. the old oems were not interested. I guess the world had to wait for a company like Tesla. so glad to witness this amazing shift😇🙏🚀💯🥳 Beeeeeeeee Nice!
I don't know if you saw or will remember, but several companies had "skateboard" platform concepts in the late 90's early 00's that they claimed would revolutionize the car industry. They just chose not to make anything out of them.
I agree. This could have been done decades ago, and should have. Can you imagine where we'd be today with battery technology if they'd started doing EVs 40 years ago? I mean, started doing them and KEPT on doing them. But short sighted corporate greed won, as it usually does. And now many of them are paying for it. And rightfully so.
I worked for a major big US company on their assembly line. We hated supervision and supervision hated us. They wanted no lip from the peasants. They would set production goals and if we met their goal they then would raise the number. We turned out junk so bad eventually a bunch of supervisors would work as a group to correct our work at the very end of the assembly line. The factory still stands but is abandoned for over forty years--I'm 86.
Tom, sir can you say where the factory location is? My father was at Ford in Mawah NJ. Welded fenders. Years later I make cheap or free home improvements for families, helping others when possible like the good book says. 👍😃🙏 Please give any information about the factory or its location. My business friends and I are very curious as auto enthusiasts. Thank you.
100k Tesla's in Hertz at an average of 3 renters a week = 15M people per year will have access to Model 3's essentially as a long term test drive. That is the best PR and marketing I have ever seen and will introduce millions to EV;s and especially Tesla. That is only one reason their stock should continue to rise.
the concept of "the factory is the product", and "focus on continuous innovation".. is true for many industries, (if not all). the really hard part for legacy industry structure is you cannot expect to sit back and just watch the cash roll in. it was always true, but that "reap more than you sew" idea is from the 1940 - 70s.. now you have to love the process of innovation and engineering at its very core, and you have to be a superlative generalist; companies with specialized project management who have no engineering skills, and with the 20th century false wisdom of specialization, "do one thing and do it well".. the true elon innovation is breaking the backward and lazy thought process of western manufacture corporate structure itself. (dont get me started on outsourcing)
Legacy automakers are still using the typewriter while Tesla is using the latest, greatest & most powerful computer. Good luck catching $TSLA.... Great Video Lars!👍👍
Yeah...and they're making all their year models the same, for ease of repair should an electronic component fail. Tesla...can't come close. 25 changes in a week? Good luck figuring out which subversion of your MCU you'll need when it fails.
I wouldn’t say that. EVs are about customer experience. Have you driven a Mustang Mach-E? VW ID.4? Polestar 2? Those are all fantastic vehicles that are hampered by the patchwork charging “network” that non-Superchargers are part of. Long distances aside, they are totally Model Y competitors and many prefer them. I think that Ford, Polestar, and VW are struggling with ramping their production. They barely keep any dealer inventory and that hurts sales since nothing’s available for test drives or even just to check out. Ford, VW, and Volvo will sell all the EVs they produce for years to come and that’s the same with Tesla. As Elon mentioned, the differentiator is manufacturing speed. They’re just not able to build the number of EVs that Tesla can right now. And that’s without Gigafactories Austin or Berlin!
@@billcichoke2534 You picked wrong part to nitpick. Tesla doesn’t manufacture the MCU. The changes typically apply to the metal and plastic bits as well as the production process itself. And with Tesla, rapid software iteration is a given.
It's the factory.... that's the Product.....If these legacy Auto makers want to stay in business in ten years. They will have to shut down the old factories and build a new from the ground up...is what I gather from this presentation. Wow.
That would be JUST ONE of the things they have to do but all of it is even more painful than that so it is a matter of how prepared they are to anything they MUST DO. They haven't even bought the report Sandy Munroe did years ago on the model 3.
I once read this and remind myself of it often, "Success in business is often detecting a trend before it occurs". I've always admired Elon, along with many other underdogs, time and time again proving that statement to be true. Kudos to the underdog!
They were warned of the trend. -- In 2015, the other manufacturers had a chance. -- They could have challenged productiom & range technology. -- 2019, and the end was all but here.
I remember almost canceling my model 3 order when I saw nothing on the dash and only that huge screen in the middle, now I can't figure out why ICE cars have all those buttons for.🤔 Also, OEM's need to really learn that trying to make another company go broke by spreading FUD is not really a business strategy. Oh and Lars, quick suggestion, stop telling everyone to be nice when you yourself are not nice to all those ICE manufacturers.🤪😂
Most ICE car’s have all those buttons because they are reliable to operate their AC and most stuff. When that screen goes out on that Tesla. Are you gonna be able to use the AC and most stuff without it? Maybe some festures on Tesla app. How much do you think it’s going to cost to repair/replace it? Now that’s something to really 🤔 about.
@@elvism684 Yeah, that is not very likely thou, I had my model 3 for almost 4 years now and only had one problem with it, a contractor that went bad, but zero problems with the electronics, specially very very unlikely for the screen to go bad. And by the way, I can turn the AC on from my phone, but the screen going bad is not really a worry for me, and even if the screen goes out you can still drive the car.
Best Tesla videos of all! This also explains why shareholders are paying almost $1,200 for Tesla stock, and holding for the long term. Tesla's share price will lead the S curve of exponential growth with a CAGR of 40% to 60% for the next ten years, at least.
I personally don't care if it grows even more. I want to put my money on a company like Tesla just to push somebody who's not involved in all the bribery I mean lobbying. Elon made engineering cool again, while the others were trying to find ways how to produce stuff cheaply abroad and make money off of a brand's name. I want all such companies dead, be it legacy auto or anything else. The huge growth of Tesla is a nice bonus though :D
I would hope that Elon continues to see the advantage in splitting the stock to keep the price under or around $1K a share. More "retail" investors will be likely to buy fractional shares if there is a hope that it will eventually split enough for them to have a whole share for less of an investment up front.
General Motors is looking for engineers and here is their real advertisement: wanted engineers who like to play golf and tennis. Who graduated from ivy League schools and have a Masters in Accounting but are willing to make engineering decisions. It is absolutely a requirement that spouses get along with top management spouses. A real attraction is the assurance that you will never have to work overtime. Also you must have a nice cooperative personality and never rock the boat because it probably will sink.
It’s not hard when you look at what isn’t in a Tesla and the huge pile that comes from all the others. It has to be a change of design and layout to get to the Tesla level of pars. It’s not rocket science just good practice. Keep runs short, reduce everything and just have a good vehicle package. It’s on I have an EV now, not a Tesla but a leaf and I love the savings it is bringing. Take care M
Neuro Link combined with Nano tech, would vastly improve humanity itself. But that's another awesome topic Elon is into. We are all still waiting to help make humanity amazing. I am anyways.
Funny thing is engineers in legacy auto probably knew Tesla was ahead years ago. But hey, management won't listen to us anyway, so there is no point mentioning it? And now the "clever" management of these companies are asking rhetorical questions. Because , yes, they don't listen to engineers, and software development teams - they TELL them what to do. And now? They realise Tesla is ahead and - they have NO CLUE what to do. The engineers, and software teams have always played second fiddle, and they are the only ones who can pull things around. The management will continue to run around like headless chickens. They are USED to pulling the strings - but they are POWERLESS against the superiority of Tesla. Because it requires a mindset change - and an upper management executive, with nice fat bonusses and a golden parachute is taught to not think outside the box - to change mindset is unthinkable, and virtually impossible - handing power over to engineers? Not in my lifetime...
As an old automotive tech that switched to heavy equipment years ago Tesla has reignited my excitement for cars and the innovations that are coming with are even crossing into automation of heavy equipment. It’s the beginning of a new and exciting era.
Car manufacturing has been stagnant for the past few decades. Tesla has made manufacturing more automated, efficient, less manual labor, and easier to predict. It is like a common engineer doing automation manufacturing model using expensive PLC on old methods of LLD programming but Tesla engineers are using higher-level modeling which can easily be modified and improved. If Tesla uses my high performance PLC, the rest of the car manufacturers can dream of only having a faster and cheaper automation processor.
Great video again Lars. You nailed it. Explaining the difference in manufacturing process has been key in Tesla outwitting the opposition. Tesla very advanced in every area I think as auto driving comes on board the chinese EV will be defeated as well. Tesla will become number one within 10 years like Toyota is now. The difference is Toyota dominate and happily kill the opposition whereas Tesla dominate but help the opposition (Elon attending VW meeting and John Elkann Stellantis CEO interview and allowing other brands to use superchargers) as Elon has stated he wants EVs to take over regardless of the manufacturer and only the best manufacturers deserve to survive.
at 11:12 3 pieces for the whole underbody front to back.. I predict there will be more written off teslas. Minor crash damages one of the 3 pieces. its an enormous job to remove everything to replace it. car is a write off. anyone who is an engineer / tesla repairer , is this right ?
I can remember Ford UK making rapid changes in their engine plant and the unions complaining bitterly back in the '60s. I am sure the unions in America will be making the same complaints slowing Ford down. They will never catch Tesla until Ford makes that massive production change. Can't see it happening unions won't allow it. So this could be the nail in the coffin for Ford. Unions should be backing efficient production for better wages and work conditions. If they fail all lose their jobs and the unions lose members. There has to be a better way to improve all-around efficiency that is the only road forward.
I am wondering how many years it will take that one orders a Tesla on line and it will be coming driving into your driveway a week later all by itself???
"yeah the only thing the old oems does fast is sinking" ahahahahaha thanks Lars. and thanks again for saying so many interesting things without swearing.
@OB I call bull on your statements considering the changes, improvements and happiness with the build quality that new customers have. If they are still not up to your standard and that may truly be possible, I hope the other EV brands make a car to suit your needs since every EV sold replaces for good an ICE and that is the most important thing.
Great Work. Reminds me of what they used to say about the Japanese production techniques. Continuous improvement is the name of the game and Elon is really the best there has ever been. Skip Kaizen, he does something better. I don't know what you call it, but it's Kaizen and Breakthrough technology plus Poka Yoke (error proofing) at the same time. He has the whole company thinking and creating at the same time. What a beautiful thing to watch.
Tesla implement a system based on something called CI/CD. Which stands for constant integration, constant deployment. It comes from software engineering practices. en.m.wikipedia.org/wiki/CI/CD
27 changes in production per week is marvelous, yes. What does it mean for repair down the line? What does it mean for the technician who has to get parts for a car that was only in production for two weeks because the design was changed so often? Many years ago, Chrysler ran into that problem, having to deal with designs that changed multiple times in the course of a year's production.
Well fewer parts means there are less trouble shooting points. Not to mention some of those designs can be plug and play. Also depending on how the part is manufactured could be an easy cast for older parts. He is not taking the old way of "if it's not broke don't fix it." His approach is more "if it can be improved it must be improved."
Yes it complicates future support, but that's part of the process of upgrading. In many cases, these changes are backwards-compatible. In many cases, the part is less likely to fail and need replacement. The 27 changes in a week is a little misleading for those of us who don't work in auto assembly. One of those changes might be, for example, adding locater pins in a part so it fits together faster and better on the factory floor. Or adding strengthening ribs to a part, then taking out fasteners that are no longer needed.
i agree it means it will end up being a throw away car but we are sort of half way there at the moment with the petrol cars that are being produced now..
The improved parts can be used as replacement parts on the ones with the older components. Tesla doesn't do that dumb shit of making the new stuff incompatible with the older vehicles. That's what General Motors, Ford and all the other companies do.
Exactly they had 100 years to revolutionize the auto industry and really help it’s customers but instead their bringing out a pick up truck with a rear gate that fold five different ways and these idiots out here go run and quickly to buy a pickup truck that’s been the same for years just because they build a rear gate that can fold five ways? That’s not innovative
Use kinetic energy from the movement of the tires and axle to super charge a vehicle with nano threading throughout the whole vehicle. We could all easily charge our vehicles and feed the power grid at the same time.😎👍🌎
Farley at Ford looks at Diess at VW worrying about Tesla and realises that one day soon he is going to wake up to a world in which Tesla Cyber trucks are becoming common. The MachE is a good car and the F150 Lightning is a good truck but they are not good enough and Ford cannot produce them in the numbers needed to compete with Tesla.
Elon tossed off a remark a while back: "I wish we could use die casting to make full sized cars, like for toy cars." Well, *that* wasn't a useful thought, was it? Of course that's impossible. Nobody can use die casting on such big stuff. Fast forward to Tesla's plan to use IDRA gigapresses to create one-piece front and rear underbodies. Okay, okay. That's nice, but it still falls short of die casting an entire vehicle. That's still impossible. Right? I can't get this imaginary image out of my head: it's Elon saying, "Hold my beer."
As much as I can see that one piece giga casting being possible I don't think it's practical from a maintenence and crash repair point of view, as much as I would like it to be true and would love to be proved wrong, tesla to saturn
@@brettmciver432 Crash repairs are an interesting topic. The trend is towards totaling the vehicle if it's any more than merely cosmetic damage. insurers seem to be fine with it. Tesla's plan seems to be: avoid crash repair costs by not crashing. Take advantage with manufacturing methods that give up easy reparability, but lower costs and speed up production.
It’s as simple as if the airbags have gone off on older cars the it’s a total write off. My Freelander Ii went this way. It was a car I planned to keep and get an EV for daily commute / dogs and the 4x4 for bad weather. Ps get a car camera. Take care M.
Farley telling his minions to learn from Tesla is like asking pigs to fly. His people are in the chains of bureaucracy, outsourced part suppliers and skills that don't apply to building a computer on wheels.
The old ones are "assembly plants" they don't make the parts, that is in Siemens works. just assemble the parts, deal with internal bureaucracy, dealer whims, union bosses and profits. Spend near 100's of millions on advertising. Look, 30% off with an other $10,000 rebate and 0% financing. Hey Ford, how much, I mean little, did that piece of steel actually cost to build?
@@deanwilliams93 Exactly! It's not like Ford for is making shitty cars, they are good 1990's vehicles. Too bad the technology has advanced so much while they paid for ads rather than engineers. They deserve to go now.
The only downside will be in the used parts market. Finding a part that matches will be harder than looking for old International Scout drivetrain parts
I was thinking the same thing. A lot of saved parts are for the chassis, and battery system though. Parts like hoses, AC, mirrors, seats, possibly motors more of an issue. Without all the complexity of an ICE, there is much less of a need for used parts though. It will probably get better in future, right now they are still making massive changes, there will be a point where they have optimized most of it.
You are kidding, right? Tesla has done a great job, but VW already outsells it in Europe, and they only have two models out. Also maybe instead of speed could they spend a little time on quality control?
@@lp3860 Well, different car companies might be ahead in different countries in EV sales, but the entire world market and everything around the EV is what matters. Besides, VW has 200 Billions in debt and each EV eats into their ICE vehicle sales and they're still spending money on advertising and factory transition to EV and unions and car dealers and lack continent wide charging networks and lack battery technology and lack A.I. for FSD and lack real world miles and lack fastest super computer............ How many of those VW EV owners had to buy a VW cause they couldn't get their hands on a Tesla vs how many Tesla owners in Europe got a Tesla cause they couldn't get their hands on a VW ID4? Tesla have the lowest probability of injury of any car ever created in the history of the world, I think that's the quality that truly matters at the end. Sure you can pick at any car and find quality issues if you look hard enough, but Tesla does 27 production changes a week, so every week the car production is improving. Speed is just a sexier selling point, because selling the stitching on their seats and panel gaps being uniform across the car doesn't sound as sexy. Speed vs quality control is not really a good direct comparison in my opinion. My first and only car is a VW KG, so I'm no hater to the brand. They did leave a bad taste in my mouth after their emission scandal though. Enjoy driving your ID4, see you on the road.
@@loftsatsympaticodotc The way I see it is, one day the last ICE vehicle will come off the assembly line, then it will be over for gas cars. Driving a gas car will become a hobby, like riding horses. Eventually, that day will come, be it 10 years in the future or 50 years. VW CEO Herbert Diess is trying to save VW from going bankrupt by showing them the way to the future and even invited Elon to speak at the 3 day summit. That shows a lot of humility and will to corporate, yet he might be losing his job due to pressure from board members and share holders. If there’s so much friction from within the company, and unwillingness to go all in on Electric by abandoning ICE manufacturing all together, every day is millions of dollars destroyed by ICE while losing millions in EV opportunity cost. Further more, other EV owners will have to pay a premium to charge at Tesla Supercharger network, and they’ll have to either go bankrupt making their own FSD software or pay a premium licensing it from Tesla. They’re just electrifying their cars, Tesla is building AI on wheels. They’re all C players hiring D players, how can they keep up? None of them can. All in, balls deep. See you on the moon.
Ford - your dealership and mechanic love you 😍 and want you to visit often to make generous donations. Now if Lars could get Ford to be his next sponsor ?? There may be a new story.
From what I gather, Henry Ford had a similar approach to innovation. Supposedly he was enraged when he discovered a room full of accountants who had been hired by his son Edsel, and immediately fired them all. He innovated continuous plate glass production, gigantic presses, and the V8 engine, all of which were marvels in their time. Tesla will become the ONLY car company in the world. Furthermore, it’s only a matter of time before they expand into producing electric farm machinery and supplant Apple with their superior smartphone technology. They will supplant the power companies as well, because home based generation systems won’t suffer the transmission costs entailed by delivering power over long distances. There will be not only solar power systems but also fuel cell systems that run on natural gas and so forth. I also expect that Tesla will soon introduce a new generation of DC appliances that will enable homeowners to convert to DC power, which is more efficient so long as it isn’t transmitted for long distances.
Henry Ford might be a good allegory to Elon. He was a genius in some ways but his blind spots were also epic. Ford Motor Compnay, even after it was one of the largest corporations in the world, would weigh invoices on a scale to estimate the amount that was owed. The seeds of the greatness of the Model T and the production process bore fruit in the near destruction of the company. You and I don't see that yet at Tesla, but who knows? Maybe the Full Self Driving will become a trillion dollar liability because of Elon's over-aggressiveness?
@@patriciachimienti8094 That’s exactly my point! Solar panels generate DC current, and the voltages they produce are compatible with batteries, so there’s no need for wasteful conversion of DC to AC, and DC motors are more efficient than AC motors, so it makes total sense to convert homes to DC current with the help of solar systems and batteries. Tony Seba believes that the waste of electric power during long distance transmission will eventually doom the power companies, because they won’t be able to compete with onsite power generation. The solar panels will become even more efficient with time.
Their sales are already in decline, they are just in DENIAL. By the time their CEO can't ignore it... the govt. of Japan may be organizing their memorial service.
Media anal ysts talk about Legas catching Tesla, assuming Old Guys have Tesla's talent. In sports, I bet on the young runner. And I bet on the runner who shows up! A racer who starts a marathon 10 minutes late does not catch the leader. Full stop. And if a leader has more talent? A 10-minute gap widens every minute, the leader races FARTHER ahead. Runners missed the start? They lost. Anal ysts assume logic does not apply to EV races.
Analyst are trying to save their own portfolios... it wont work but what choice do they have. We know AND they know their portfolio is suddenly garbage, soon the market will have to show that and probably many suicides etc to follow as they realize their egos screwed them, as the ego always does. Deaf dumb and blind.
My grandchildren the eldest of which is 3 years young, will fortunately grow up in a Tesla dominated world and come to know ICE vehicles as a last century relic.
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One thing you missed about that 700 fewer parts is that is 700 fewer parts that they have to tag, transport, and store for however long between manufacture and installation. As someone who's had to deal with parts storage over the years, I can attest that not having to find something to do with a part till you need it is a significant savings in time and effort all on it's own.
Great point.
Spare parts is always the bane of manufacturing.
@@gregbailey45 I'm not even talking spares. There are entire warehouses dedicated to nothing but shelf space for parts right off the assembly line intended to be sold as spares.
I'm talking about the actual build parts.
No two production lines are ever exactly in tune with each other to hand off parts as they're needed for a car being assembled, no matter how much time you spend trying to tune it that way.
Slow down a stamping line for a part that is needed for a subframe brace, and you leave yourself vulnerable that a breakdown creates a backlog of other parts while it waits to be fixed. Order a pallet of control arm bushings from a manufacturer to have exactly the number you need for the control arms coming down the line, you risk a shipping issue halting production.
Companies know that there could be reasons that a part isn't on the assembly line the second it's needed, so they tend to overproduce at least to some degree in an attempt to ease that issue. That creates issues of storage management you have to constantly adjust as thing get changed in the assembly or breakdowns somewhere down the chain slow parts demand.
You could easily have over 100 people on staff at an assembly plant who's sole job is to manage and transport the EXTRA parts if/until they are needed, depending on the reliability and complexity of the assembly line.
700 fewer parts means 700 less lines on the inventory that have to be fussed over hour by hour.
TESLA can basic Fabricate ANY tool or part it needs, thanks to Grohman Enginering.
@@hellcat1988
It is not only the logistics involved in storing and getting parts to the right place at the right time, but also the quality control issues of testing and checking parts, or discovering that a defect slipped past the quality checks either because of faulty checks, or was not ever thought of as needing checking. Then all of the potentially bad parts need to be found, checked, and then either returned to inventory or disposed of. And all the while trying to get replacement parts that meet the quality checks. The best way to avoid problems with parts is to not have them in the first place.
Excellent summary on why Tesla is so far way ahead. Sandy Munro is an extremely precious resource to highlight why Tesla is years ahead of the so called competition. LOL at the Experts dismissal of Tesla.
*_Tesla is not the underdog! FORD, GM, VW, etc... are now the underdog!_*
And they have had it coming a long time now!!
Excellent content as always Lars.
You are the first Tesla TH-camr that I follow who has highlighted Tesla's crazy fast development cycle compared to the OEMs - an average of 27 production line changes per week per model, while OEMs batch a few changes together then introduce the changes every 2.5 - 7 years. Tesla (and all Musk companies) operate as a full Agile shop in both software and hardware, and Joe Justice is the only person I can see who is explaining how Tesla do this (12 hour shifts, continuous 3 hour Sprint sessions on tasks set by AI with the change implemented on the next available car in the line, 100% automated regression testing on every car on the line and if the change improves the car then that car is sold and the change becomes standard in the line, etc etc).
Joe worked with Tesla on Agile Hardware during 2020, and he left exhausted but elated by the crazy fast pace of each work day. He knows of no other manufacturer in the world operating at this pace of innovation.
I fell in love with Tesla in august of 2011 when I saw my first Model S and it was just because of the looks. I had no clue it was electric. I was 12 years old. After that I have been fascinated by Tesla to this day. I just wish I would have invested in Tesla back then but at that age I had no clue what investing was. Well at least after 10 years I can finally pick up my own Tesla next week. I remember always telling people about Tesla and how it will be leading cars into the future. But no one believed. 10 years later I know I’m right
I fell in love last november. A bit late and I am probably never putting money where my mouth is, but it has been a wild ride following elon.
Another thing I don't understand: If you truly believe in Tesla why don't you just wait for the 4680 battery to be integrated into production in a couple years? Surely quality will be astronomical in comparison to now. However, I know if life mandates you to buy a new car for transport I get it.
How do you like it? I'm an investor. I haven't bought one yet, because I want the truck. There is a waiting list and it's gonna be expensive.
Tesla has just made something that's so complicated into something so simple that it just blew the competition away... at LIGHT SPEED!
Tesla is on the bleeding edge. When they are done establishing a market... Big Auto will take it back. How?? Regulatory overburden including per mile EV road tax.
but the infrastructure isn't there for charging that many cars.. if everyone had one we'd need a lottery for who gets to charge their car
Yep, two weeks from concept to brand new tool in use in production when I was there and had an idea. At Ford your team lead would probably not even pass the idea up to managers.
Tesla is a software company. With a software development mind set applied to all processes.
Must be why their cars are built like a flimsy laptop. oh and with screws missing
@@ajc5479 Tesla or Ford? Or both?
@@lesbendo6363 did either of us mention Ford previously? Nope.
Yet another clown trying to put Tesla into a self-limiting box. You have learned nothing, but keep pontificating. Someone will care ... eventually.
@@paintedpony2935 Hey don't be calling him a clown with your limited intelligence
The question may no longer be how to catch up with Tesla, but rather how to stay in business even with government bailouts. More than 100 yrs. in business with more than $100 billion in debt, what is wrong with this business model? Tesla writes its own enterprise software, an entire industry on its own. That alone should scare the living cement out of a legacy ceo.
Teslas has been given billions in subsidies
The situation Ford, GM, and the other ICE makers find themselves in is perfectly described in Clayton Christensen's "The Innovator's Dilemma". This phenomenon has repeated itself many times in many industries. Now it is the motor companies' turn. The book is an interesting read for anyone in a field being pursued by a new technology. As has been noted elsewhere, the vehicle landscape in ten years will be very different from today.
Kodak made one of the first digital camera prototypes but decided not to pursue it since it would cut into their film sales. No more kodak moments now….
@@larryo6874 Beancounters have their place, but steering a technology company is not it.
@@paulpedersen1329 It’s easy to criticize companies like Kodak or GM for not being on the forefront of innovation. But look at it from a CEO’s perspective. Kodak was making money on their film business, do you switch to digital which may not work out? GM and Ford have billions invested in making gas powered cars. Do you now keep making gas powered cars and now make EVs as well with all the extra costs? Toyota thought the future was in hydrogen powered cars and probably spent a couple billion on that but it now appears to be a dead end. Like they say hindsight is 20/20….
@@larryo6874 Yeah... but Toyota could have easily hedged their bets. They were even one of the early investors in Tesla, and were briefly using Tesla's powertrain to make an electric Rav4. But they failed to realize what is going on and sold their last TSLA share in 2017, whole 5 years after Model S won that car of the year accolade. Toyotas effort in the last decade is one fumble after another.
@@larryo6874 It's true. Ford, GM, et al. were between a rock and a hard place. Do you bet a going concern on a technology that might not work out? Either way, there's a big risk to the company.
And for individuals in the company - especially bureaucratic and hide-bound companies - the risk of doing something is greater than the risk of not.
(GM has less of an excuse, after the EV1 debacle. They saw the future and tried to bury it.)
But the "don't rock the boat" mentality that the old companies have been following for decades really is indefensible these days. Technology revolutions are going on all around us, faster and faster all the time. A bit of boat-rocking is necessary.
It's like a Greyhound race and Tesla is the lure..... They will NEVER be caught.
Kind of ironic as the lure is electric
I'M WITH YOU!!! LOVE YOUR STUFF!!!
A couple of other items to add are:
1. In the U.S., total automotive marketing spending is about $35 billion per year and climbing, with roughly 10% of automotive sales revenue consumed by marketing expenses. Compare that to Tesla who does not have a marketing department and relies on word of mouth, test drives, current customer reviews. They are currently supply constrained and no need to advertise as they can't produce fast enough and some models currently have 6+ month wait times. That allows for more revenue to be spent on R&D.
2. Also, those 35% profit margins on Tesla Model 3 are something other auto manufacturers could only dream about. Even luxury car manufacturer Porche only has around 6% profit margin on the Taycan. In the non-luxury car market, the EV profit margins are even lower.
3. The supercharger network build out over the last 10 years has given tesla a huge advantage over other EV manufacturers. It has over 27,000 supercharges at around 3,000 stations worldwide and plans to triple the size of the network within 2 years.
I'm sure there are several other areas as well that I've not hit on. Like new tabless 4680 battery. Cold Rolled Steel for the CT. etc.
You r probably right but I actually have been getting a few Tesla x Space X ads. They were super creative and entertaining but I'm not sure about the 0$ marketing unless someone is producing these CGI ads for them on Mars.
did u pull that 35% profit margin out of your ass? It stinks! If their gross margin is 25%, how can they end up with 35% profit? voodoo math I guess.
Thank you Lars
GO TESLA GO 🚀🚀🚀👍🏻😀
On number of pieces reduced due to Giga Press - in addition to getting rid of 528 pieces, the time for each front / rear casting is 45 to 90 seconds. There is reduction in complexity, supply chain, inventory, time to produce, robots.. wow !
And reduction in long term durability, repairablility. ..
@@abhidhatrak1 clearly that’s why 6 year old Tesla Model S are better today than when they were bought, and have a much higher resale value than any comparably priced and featured ICE car, and why your prediction will be tried in a few years when the single casting M3 and MY will only increase this trend. Sure, makes total sense.
You really are incredible at doing this. 10 stars out of 5. Keep doing it.
Makes me even more excited to get my M3P in 10-16 days! Can’t wait.
Congratulations!
After driving my Tesla for 3 years, i love it more each drive.
@@colingenge9999 Ditto! (Just over two years for me. Of course it just keeps getting better with updates ….. what other car does that!)
Congrats on the M3. I've had Model S 75D since 2018 and love it. The last ICE vehicle I purchased was in 1999. And at this point I can't see myself buying anything other than a Tesla. I also bought some TSLA in 2019.
yea I took delivery of my M3P Q2 21' absolutely excellent car. Can not wait for my CT. I enjoy this car more every day , I want that FSD perfected, not quite worth what I paid for it ,.....YET.
Thanks Lars! 👍🤘😁
Just a thought, Tesla’s Machine that builds the machine Is going exponential. 👍👍👍
it will be the future , if anyone can pull it off its Elon/Tesla. Not one of the other big industries had the foresight to even try.
To be straight up honest, I just got my tesla model 3 a few days ago. And compared to my 2017 ford fusion energi the Tesla model 3 is so far advanced in every conceivable way. The technology the style, the quality, the ease of use is second to none. They are not in the same ball park. An all electric car that is so fast, a center display that does everything complete with voice controls and navigation and entertainment. Even the trunk uses buttons to open and close. The rest of the industry is just screwed and Tesla is going to eat their lunch in the next 5 - 10 years. Because they are not slowing down. And they have so much money to expand and their stock price just keeps going up. Don't forget they also do solar which the government is going to be throwing trillions into now. Tesla can't build capacity fast enough. It reminds me of iphone in 2007. Eventually everyone has one, doesn't matter how much they are or what short falls they have because eventually they will fix them. I have zero complaints with my car, its so far ahead of anything i've seen before you can't even list. Its like going into the future car an alien race made with advanced technology. Its that amazing.
Just start saving for your next battery and you will be prepared.
Having worked at Fords for over a decade and seeing the rise of Tesla, unless Ford is begun to be led by engineers / guided by first principals then they will always be playing catch up at best or eventually go belly up as their market share dwindles while their debt grows ever more! Ford needs less managers and 'Ford Lifers' just hanging on for their pension but engineers and a new work culture that does not need 15 meetings to decide a change of a light bulb!
Remember GM's Saturn? GM couldn't do it.
.... and after a solid decade of EV hype there are currently about 1.5 million EV's on the roads in USA. Many of them are Leaf's. Point being: when the technology is ripe, the big players with their diversified supply chains will put Tesla out of biz. Again: after a decade of hype only 2% of new cars sold in USA are EV. Most people just do not trust them or want them but they will when the local Ford, Chevy, Toyota, Subaru, Honda...etc, etc. dealers have showrooms full of various models from $10k to $150k. Right now, Tesla is mostly looked at as a rich person's car (and they don't pay road taxes :( :( )
@@SunriseLAW Ford/GM etc. just like Nokia/Motorola. Seen any Nokia/Motorola phones lately? It's Silicon Valley vs. Detroit! Cheetah vs Dinosaur!
@@ronaldhaley6169 You don't get it. "Ford" is a brand. They may very well sell Tesla cars one day. Think APPLE...almost 100% of their phones are made in China (etc.) by other companies.
@@SunriseLAW Ford makes its money on trucks. It's competitive because there is a 25% tariff on imported trucks. Electric trucks will decimate the gas truck market.
History is repeating itself‼
Back in the 60s/70s (primarily early 70s), the Big 3 didn't take Toyota & Honda seriously....AT ALL‼
The OEMs have NOT learned their lesson ‼😆😆😆😆😆😆
I'm just mad at myself for not getting on the Cybertruck waiting list sooner.
Me too. I'm 1.3 million!
@@ronaldlenz5745 At least we're not waiting on a ford.
I'm around 400k and wish I was a lot further up the line.
"Ford CEO says Tesla needs to be taken seriously..." This brings to mind the captain of the Titanic saying we need to take ice bergs seriously as the water pools around his knees.
Very funny, LOL! But, not funny to Ford.
Tesla hit the ICEberg, and now the ICEberg is sinking. ;)
It will take FORD 20 years to figure out just what to do, based on how they do things.
@@cidmedini3444 Ford doesn't have 20 years left, they won't make it 10 more years, along with Chevy, Stellantis, and most OEM's out there. Tesla will crush them, and toss them in the recycle bin. It's just a fact.
Good thought, but not accurate.
More like:
Captain of Titanic saying:
"we need to take Icebergs more seriously",
as water is about to reach his mouth.
Awesome as always!!
The 370 pieces is actually the total for all 3 pieces. The front Casting, rear casting and the structural battery pack.
Legacy auto will just pass a new law that any car sold in America has to have 20,000 parts. With a list of parts required. They will claim, it is for "safety." Like lidar being required for "safety."
Then I'll order my Model Y over VPN from Germany and have it shipped to America because the cost for a 20k part American car that will be half as good will be astronomical
Even in that case, Tesla could probably cope. It's not as hard as you might think to piggyback a program into an existing system and only make it SEEM to work, while the original still does it's job as intended and ignores the new input. I've had to deal with more than enough software over the years where it seems like the developers do it just to piss off the end user.
I imagine they could have the lidar only hooked up to a warning light but let the visual system continue to handle all the safety stuff. Same with the extra parts. They could be as integrated to the actual car as a sticker is to a paint job.
Engineers must love working @ Tesla. To see your ideas for improvements actually implemented can't be beat as motivation.
They will just learn the hard way. I have no sympathy. EVs could have been mass produced decades ago. the old oems were not interested. I guess the world had to wait for a company like Tesla. so glad to witness this amazing shift😇🙏🚀💯🥳 Beeeeeeeee Nice!
I don't know if you saw or will remember, but several companies had "skateboard" platform concepts in the late 90's early 00's that they claimed would revolutionize the car industry. They just chose not to make anything out of them.
GM had a goldmine with the EV1 in the 90s. They intentionally crushed that project with all their might.
I agree. This could have been done decades ago, and should have. Can you imagine where we'd be today with battery technology if they'd started doing EVs 40 years ago? I mean, started doing them and KEPT on doing them. But short sighted corporate greed won, as it usually does. And now many of them are paying for it. And rightfully so.
Thanks Lars, you're a good man :)
I worked for a major big US company on their assembly line. We hated supervision and supervision hated us. They wanted no lip from the peasants. They would set production goals and if we met their goal they then would raise the number. We turned out junk so bad eventually a bunch of supervisors would work as a group to correct our work at the very end of the assembly line. The factory still stands but is abandoned for over forty years--I'm 86.
Tom, sir can you say where the factory location is? My father was at Ford in Mawah NJ. Welded fenders. Years later I make cheap or free home improvements for families, helping others when possible like the good book says.
👍😃🙏
Please give any information about the factory or its location. My business friends and I are very curious as auto enthusiasts.
Thank you.
Great video. Lots of good details and information
You really bring it all together in this video. Go Tesla!
100k Tesla's in Hertz at an average of 3 renters a week = 15M people per year will have access to Model 3's essentially as a long term test drive. That is the best PR and marketing I have ever seen and will introduce millions to EV;s and especially Tesla. That is only one reason their stock should continue to rise.
Top channel, keep it up.
the concept of "the factory is the product", and "focus on continuous innovation".. is true for many industries, (if not all). the really hard part for legacy industry structure is you cannot expect to sit back and just watch the cash roll in. it was always true, but that "reap more than you sew" idea is from the 1940 - 70s.. now you have to love the process of innovation and engineering at its very core, and you have to be a superlative generalist; companies with specialized project management who have no engineering skills, and with the 20th century false wisdom of specialization, "do one thing and do it well".. the true elon innovation is breaking the backward and lazy thought process of western manufacture corporate structure itself. (dont get me started on outsourcing)
Legacy automakers are still using the typewriter while Tesla is using the latest, greatest & most powerful computer. Good luck catching $TSLA.... Great Video Lars!👍👍
Tesla has the D1 chip, the most powerful & Fastest Processor in a Consumer Device.
Yeah...and they're making all their year models the same, for ease of repair should an electronic component fail. Tesla...can't come close. 25 changes in a week? Good luck figuring out which subversion of your MCU you'll need when it fails.
@@markplott4820 Yeeeeah...not so much. It's a CrApple design, from another overvalued company with limited and shrinking market share...
I wouldn’t say that. EVs are about customer experience. Have you driven a Mustang Mach-E? VW ID.4? Polestar 2? Those are all fantastic vehicles that are hampered by the patchwork charging “network” that non-Superchargers are part of. Long distances aside, they are totally Model Y competitors and many prefer them.
I think that Ford, Polestar, and VW are struggling with ramping their production. They barely keep any dealer inventory and that hurts sales since nothing’s available for test drives or even just to check out. Ford, VW, and Volvo will sell all the EVs they produce for years to come and that’s the same with Tesla. As Elon mentioned, the differentiator is manufacturing speed. They’re just not able to build the number of EVs that Tesla can right now. And that’s without Gigafactories Austin or Berlin!
@@billcichoke2534 You picked wrong part to nitpick. Tesla doesn’t manufacture the MCU. The changes typically apply to the metal and plastic bits as well as the production process itself. And with Tesla, rapid software iteration is a given.
It's the factory.... that's the Product.....If these legacy Auto makers want to stay in business in ten years. They will have to shut down the old factories and build a new from the ground up...is what I gather from this presentation. Wow.
That would be JUST ONE of the things they have to do but all of it is even more painful than that so it is a matter of how prepared they are to anything they MUST DO. They haven't even bought the report Sandy Munroe did years ago on the model 3.
Ask Dietz!
@@dr-k1667 understand.. Tesla writes there own code...makes changes on their production line daily...moves are made on fly....
I once read this and remind myself of it often, "Success in business is often detecting a trend before it occurs". I've always admired Elon, along with many other underdogs, time and time again proving that statement to be true. Kudos to the underdog!
You don't need to detect the trend if you are the trendsetter.
@@guypehaim1080 "The best way to predict the future is to create it." --Peter Diamandis (IIRC)
They were warned of the trend.
-- In 2015,
the other manufacturers had a chance.
-- They could have challenged productiom & range technology.
-- 2019, and the end was all but here.
@@dirktween244 GM made an electric car prototype in 1996 then scrapped it. Now they are getting their butt kicked.
That's why there are all those semi-trailers parked at the gigafactory doors. They are the "warehouse".
simply the best video on what you should know about tesla right now
I remember almost canceling my model 3 order when I saw nothing on the dash and only that huge screen in the middle, now I can't figure out why ICE cars have all those buttons for.🤔 Also, OEM's need to really learn that trying to make another company go broke by spreading FUD is not really a business strategy. Oh and Lars, quick suggestion, stop telling everyone to be nice when you yourself are not nice to all those ICE manufacturers.🤪😂
Most ICE car’s have all those buttons because they are reliable to operate their AC and most stuff. When that screen goes out on that Tesla. Are you gonna be able to use the AC and most stuff without it? Maybe some festures on Tesla app. How much do you think it’s going to cost to repair/replace it? Now that’s something to really 🤔 about.
@@elvism684 Yeah, that is not very likely thou, I had my model 3 for almost 4 years now and only had one problem with it, a contractor that went bad, but zero problems with the electronics, specially very very unlikely for the screen to go bad. And by the way, I can turn the AC on from my phone, but the screen going bad is not really a worry for me, and even if the screen goes out you can still drive the car.
@@elvism684 Tesla first service at 25K miles. Rotate tires, add wiper fluid:)
Much different than in the past with the slap effects from the past. No more slap effects will see more viewers with thumbs 👍 Great presentation. 👍.
Best Tesla videos of all! This also explains why shareholders are paying almost $1,200 for Tesla stock, and holding for the long term. Tesla's share price will lead the S curve of exponential growth with a CAGR of 40% to 60% for the next ten years, at least.
Exactly 👍
I personally don't care if it grows even more. I want to put my money on a company like Tesla just to push somebody who's not involved in all the bribery I mean lobbying. Elon made engineering cool again, while the others were trying to find ways how to produce stuff cheaply abroad and make money off of a brand's name. I want all such companies dead, be it legacy auto or anything else. The huge growth of Tesla is a nice bonus though :D
Great video, absolutely nailed it 👍
Thanks Lars. Shouldn't the Ford CEO know the answers to those questions?
“How in the.. how in the heck.. how in the.. “ I like this part. Great editing..
WS analysts will just keep on rising their target price...the more they learn. Tesla share to +$3k soon, then $10k, then $50k...Go Tesla!
Then 100k easy in 10 years!
I would hope that Elon continues to see the advantage in splitting the stock to keep the price under or around $1K a share. More "retail" investors will be likely to buy fractional shares if there is a hope that it will eventually split enough for them to have a whole share for less of an investment up front.
$50k?!? Calm down.
I heard from somewhere that that the OEMs (Ford specifically) made 3 changes a year. “If it isn’t broken, don’t fix it!”, that’s their slogan.
Love your video Lars. “The machine that builds the Machine” 👍🚀💰
the machine that mines DOGE
Thanks Lars. Your videos are getting better all the time. A real pleasure to watch.
General Motors is looking for engineers and here is their real advertisement: wanted engineers who like to play golf and tennis. Who graduated from ivy League schools and have a Masters in Accounting but are willing to make engineering decisions. It is absolutely a requirement that spouses get along with top management spouses. A real attraction is the assurance that you will never have to work overtime. Also you must have a nice cooperative personality and never rock the boat because it probably will sink.
*Let's repeat that "27 changes..... per week!". Yes, you heard right that is not per year that is per week!*
In addition to their R&D department, Tesla listens to their employees AND their customers for improvement.....and Sandy Munro‼
It’s not hard when you look at what isn’t in a Tesla and the huge pile that comes from all the others.
It has to be a change of design and layout to get to the Tesla level of pars.
It’s not rocket science just good practice.
Keep runs short, reduce everything and just have a good vehicle package.
It’s on I have an EV now, not a Tesla but a leaf and I love the savings it is bringing.
Take care M
The old oems are driving a oil tanker with a big hole below the water line.
*_Now we know where all the Transformers are hiding out! The Tesla assembly line!_* *It truly is Alien technologies building Tesla!*
It’s the man behind the video that makes the difference !👍🤩 Can’t touch this. Thanks LarSlap !
Neuro Link combined with Nano tech, would vastly improve humanity itself. But that's another awesome topic Elon is into. We are all still waiting to help make humanity amazing. I am anyways.
I drove past the Leeds JLR showroom last week. It hit me what a total waste of money it is. Every town has car sales alleys and all are unnecessary!
Funny thing is engineers in legacy auto probably knew Tesla was ahead years ago. But hey, management won't listen to us anyway, so there is no point mentioning it? And now the "clever" management of these companies are asking rhetorical questions. Because , yes, they don't listen to engineers, and software development teams - they TELL them what to do. And now? They realise Tesla is ahead and - they have NO CLUE what to do. The engineers, and software teams have always played second fiddle, and they are the only ones who can pull things around. The management will continue to run around like headless chickens. They are USED to pulling the strings - but they are POWERLESS against the superiority of Tesla. Because it requires a mindset change - and an upper management executive, with nice fat bonusses and a golden parachute is taught to not think outside the box - to change mindset is unthinkable, and virtually impossible - handing power over to engineers? Not in my lifetime...
Some of these engineers jumped ship and now work for Tesla!
As well as 737MAX. MBA managed engineers "how to do".
As an old automotive tech that switched to heavy equipment years ago Tesla has reignited my excitement for cars and the innovations that are coming with are even crossing into automation of heavy equipment. It’s the beginning of a new and exciting era.
Musk said it ages ago, it's about the manufacturing, not the car (the car has to be great, true, but that's a given, that's the entry ticket to play)
Car manufacturing has been stagnant for the past few decades. Tesla has made manufacturing more automated, efficient, less manual labor, and easier to predict. It is like a common engineer doing automation manufacturing model using expensive PLC on old methods of LLD programming but Tesla engineers are using higher-level modeling which can easily be modified and improved. If Tesla uses my high performance PLC, the rest of the car manufacturers can dream of only having a faster and cheaper automation processor.
Very informative. Well worth watching.
Great video again Lars. You nailed it. Explaining the difference in manufacturing process has been key in Tesla outwitting the opposition. Tesla very advanced in every area I think as auto driving comes on board the chinese EV will be defeated as well. Tesla will become number one within 10 years like Toyota is now. The difference is Toyota dominate and happily kill the opposition whereas Tesla dominate but help the opposition (Elon attending VW meeting and John Elkann Stellantis CEO interview and allowing other brands to use superchargers) as Elon has stated he wants EVs to take over regardless of the manufacturer and only the best manufacturers deserve to survive.
at 11:12 3 pieces for the whole underbody front to back.. I predict there will be more written off teslas. Minor crash damages one of the 3 pieces. its an enormous job to remove everything to replace it. car is a write off. anyone who is an engineer / tesla repairer , is this right ?
I can remember Ford UK making rapid changes in their engine plant and the unions complaining bitterly back in the '60s.
I am sure the unions in America will be making the same complaints slowing Ford down.
They will never catch Tesla until Ford makes that massive production change. Can't see it happening unions won't allow it.
So this could be the nail in the coffin for Ford. Unions should be backing efficient production for better wages and work conditions. If they fail all lose their jobs and the unions lose members. There has to be a better way to improve all-around efficiency that is the only road forward.
Tesla will do deal with the motor companies,you will have Mercedes and for and gm with little tesla symbol at the back Ford powered by tesla
And eventually tesla won't be producing any cars,but licencing self driving and battery packs
I am amazed the big 3 are still in business
I am wondering how many years it will take that one orders a Tesla on line and it will be coming driving into your driveway a week later all by itself???
Two at the longest.
" two weeks ".
"yeah the only thing the old oems does fast is sinking" ahahahahaha thanks Lars. and thanks again for saying so many interesting things without swearing.
Tesla is making robots on wheels, evryone else is making cars. There is no competition!
@OB Import one from Europe. The made in China ones we have here are easily the luxury of the German brands and the finishing top notch.
Phillip.
@OB I call bull on your statements considering the changes, improvements and happiness with the build quality that new customers have. If they are still not up to your standard and that may truly be possible, I hope the other EV brands make a car to suit your needs since every EV sold replaces for good an ICE and that is the most important thing.
@OB then go buy a gas guzzling Mercedes or Lexus that doesn’t feel like a finely tuned race car that hugs the road.
@OB The Texas factory should fix things.
@OB Oh, you’re in Europe. So the Berlin factory should fix things.
Fantastic and comprehensive video, Lars!
Great Work. Reminds me of what they used to say about the Japanese production techniques. Continuous improvement is the name of the game and Elon is really the best there has ever been. Skip Kaizen, he does something better. I don't know what you call it, but it's Kaizen and Breakthrough technology plus Poka Yoke (error proofing) at the same time. He has the whole company thinking and creating at the same time. What a beautiful thing to watch.
Tesla implement a system based on something called CI/CD. Which stands for constant integration, constant deployment. It comes from software engineering practices. en.m.wikipedia.org/wiki/CI/CD
Love the oil tanker vs speed boat analogy😆👍 do not buy oil, bye oil!
27 changes in production per week is marvelous, yes. What does it mean for repair down the line? What does it mean for the technician who has to get parts for a car that was only in production for two weeks because the design was changed so often? Many years ago, Chrysler ran into that problem, having to deal with designs that changed multiple times in the course of a year's production.
Well fewer parts means there are less trouble shooting points. Not to mention some of those designs can be plug and play. Also depending on how the part is manufactured could be an easy cast for older parts. He is not taking the old way of "if it's not broke don't fix it." His approach is more "if it can be improved it must be improved."
The changes are software based and upgrading thru wifi direct to the car- instantly tested and standardized if it improved the product
Yes it complicates future support, but that's part of the process of upgrading. In many cases, these changes are backwards-compatible. In many cases, the part is less likely to fail and need replacement. The 27 changes in a week is a little misleading for those of us who don't work in auto assembly. One of those changes might be, for example, adding locater pins in a part so it fits together faster and better on the factory floor. Or adding strengthening ribs to a part, then taking out fasteners that are no longer needed.
i agree it means it will end up being a throw away car but we are sort of half way there at the moment with the petrol cars that are being produced now..
The improved parts can be used as replacement parts on the ones with the older components. Tesla doesn't do that dumb shit of making the new stuff incompatible with the older vehicles. That's what General Motors, Ford and all the other companies do.
Simply Brilliant content! Thank you.
Exactly they had 100 years to revolutionize the auto industry and really help it’s customers but instead their bringing out a pick up truck with a rear gate that fold five different ways and these idiots out here go run and quickly to buy a pickup truck that’s been the same for years just because they build a rear gate that can fold five ways? That’s not innovative
Not 5680 cell but 4680 cell - good job, all true, well presented.
Use kinetic energy from the movement of the tires and axle to super charge a vehicle with nano threading throughout the whole vehicle. We could all easily charge our vehicles and feed the power grid at the same time.😎👍🌎
You need to take a physics class.
So many missed opportunities. 😭
Hi
welcome to
Tesla
Best
In
5680? I’m sure Tesla isn’t talking about that either … ;)
I heard that too!
Great video 😊
Incredibly well done
Farley at Ford looks at Diess at VW worrying about Tesla and realises that one day soon he is going to wake up to a world in which Tesla Cyber trucks are becoming common. The MachE is a good car and the F150 Lightning is a good truck but they are not good enough and Ford cannot produce them in the numbers needed to compete with Tesla.
At some point you have to wonder how many of those executives are looking for their future careers once their current employer goes bankrupt :D
Excellent update, as always Lars 😃
Elon tossed off a remark a while back: "I wish we could use die casting to make full sized cars, like for toy cars."
Well, *that* wasn't a useful thought, was it? Of course that's impossible. Nobody can use die casting on such big stuff.
Fast forward to Tesla's plan to use IDRA gigapresses to create one-piece front and rear underbodies.
Okay, okay. That's nice, but it still falls short of die casting an entire vehicle. That's still impossible. Right?
I can't get this imaginary image out of my head: it's Elon saying, "Hold my beer."
As much as I can see that one piece giga casting being possible I don't think it's practical from a maintenence and crash repair point of view, as much as I would like it to be true and would love to be proved wrong, tesla to saturn
@@brettmciver432 Crash repairs are an interesting topic.
The trend is towards totaling the vehicle if it's any more than merely cosmetic damage. insurers seem to be fine with it.
Tesla's plan seems to be: avoid crash repair costs by not crashing. Take advantage with manufacturing methods that give up easy reparability, but lower costs and speed up production.
It’s as simple as if the airbags have gone off on older cars the it’s a total write off.
My Freelander Ii went this way.
It was a car I planned to keep and get an EV for daily commute / dogs and the 4x4 for bad weather.
Ps get a car camera.
Take care M.
@@markeh1971 200 ponds£ to buy 2 airbags.
FYI: Elon has already got the Gigapress manufacturers designing a press to do the full body as a single cast.
Great presentation again Lars, thanks
Farley telling his minions to learn from Tesla is like asking pigs to fly. His people are in the chains of bureaucracy, outsourced part suppliers and skills that don't apply to building a computer on wheels.
The old ones are "assembly plants" they don't make the parts, that is in Siemens works. just assemble the parts, deal with internal bureaucracy, dealer whims, union bosses and profits. Spend near 100's of millions on advertising. Look, 30% off with an other $10,000 rebate and 0% financing. Hey Ford, how much, I mean little, did that piece of steel actually cost to build?
@@deanwilliams93 Exactly! It's not like Ford for is making shitty cars, they are good 1990's vehicles. Too bad the technology has advanced so much while they paid for ads rather than engineers. They deserve to go now.
Great video. Very well presented, 👏
The only downside will be in the used parts market. Finding a part that matches will be harder than looking for old International Scout drivetrain parts
I was thinking the same thing. A lot of saved parts are for the chassis, and battery system though. Parts like hoses, AC, mirrors, seats, possibly motors more of an issue. Without all the complexity of an ICE, there is much less of a need for used parts though. It will probably get better in future, right now they are still making massive changes, there will be a point where they have optimized most of it.
It's the MACHINE that builds the Machine (EV).
By the time when the world's auto is fully electrified, No.2 will need to borrow the Hubble space telescope to see Tesla.
The Hubble is old technology, they will need the James Webb telescope.
You are kidding, right? Tesla has done a great job, but VW already outsells it in Europe, and they only have two models out. Also maybe instead of speed could they spend a little time on quality control?
@@lp3860 Well, different car companies might be ahead in different countries in EV sales, but the entire world market and everything around the EV is what matters. Besides, VW has 200 Billions in debt and each EV eats into their ICE vehicle sales and they're still spending money on advertising and factory transition to EV and unions and car dealers and lack continent wide charging networks and lack battery technology and lack A.I. for FSD and lack real world miles and lack fastest super computer............ How many of those VW EV owners had to buy a VW cause they couldn't get their hands on a Tesla vs how many Tesla owners in Europe got a Tesla cause they couldn't get their hands on a VW ID4?
Tesla have the lowest probability of injury of any car ever created in the history of the world, I think that's the quality that truly matters at the end. Sure you can pick at any car and find quality issues if you look hard enough, but Tesla does 27 production changes a week, so every week the car production is improving. Speed is just a sexier selling point, because selling the stitching on their seats and panel gaps being uniform across the car doesn't sound as sexy. Speed vs quality control is not really a good direct comparison in my opinion.
My first and only car is a VW KG, so I'm no hater to the brand. They did leave a bad taste in my mouth after their emission scandal though. Enjoy driving your ID4, see you on the road.
@@LostAndHangry Wow, that is REALLY putting it all down on paper,.... the right way. Well said, well spoken! ;-)
@@loftsatsympaticodotc The way I see it is, one day the last ICE vehicle will come off the assembly line, then it will be over for gas cars. Driving a gas car will become a hobby, like riding horses. Eventually, that day will come, be it 10 years in the future or 50 years. VW CEO Herbert Diess is trying to save VW from going bankrupt by showing them the way to the future and even invited Elon to speak at the 3 day summit. That shows a lot of humility and will to corporate, yet he might be losing his job due to pressure from board members and share holders. If there’s so much friction from within the company, and unwillingness to go all in on Electric by abandoning ICE manufacturing all together, every day is millions of dollars destroyed by ICE while losing millions in EV opportunity cost.
Further more, other EV owners will have to pay a premium to charge at Tesla Supercharger network, and they’ll have to either go bankrupt making their own FSD software or pay a premium licensing it from Tesla. They’re just electrifying their cars, Tesla is building AI on wheels. They’re all C players hiring D players, how can they keep up? None of them can.
All in, balls deep. See you on the moon.
So if the factory is the product, Tesla might simply make factories for OEMs... right ?
I don't see how you're able to put out this much content by yourself. If it's true, you're quite the specimen.
Oh Boy, let me tell you about a channel called „meet Kevin“…
Does he have a real job tho ?
He has a few clones bro.
Learning from Tesla!
@@grateful7839 What is a real job? Doing work and getting paid? Then yes he has a real job.
Very good points for Tesla but the concern is: the AFTER SALES SERVICE.
Ford - your dealership and mechanic love you 😍 and want you to visit often to make generous donations. Now if Lars could get Ford to be his next sponsor ?? There may be a new story.
Ford dealership and mechanics probably start to freak out about how Tesla fix car over the "air". :)
"The Factory is the Product"
Nice.
From what I gather, Henry Ford had a similar approach to innovation. Supposedly he was enraged when he discovered a room full of accountants who had been hired by his son Edsel, and immediately fired them all. He innovated continuous plate glass production, gigantic presses, and the V8 engine, all of which were marvels in their time. Tesla will become the ONLY car company in the world. Furthermore, it’s only a matter of time before they expand into producing electric farm machinery and supplant Apple with their superior smartphone technology. They will supplant the power companies as well, because home based generation systems won’t suffer the transmission costs entailed by delivering power over long distances. There will be not only solar power systems but also fuel cell systems that run on natural gas and so forth. I also expect that Tesla will soon introduce a new generation of DC appliances that will enable homeowners to convert to DC power, which is more efficient so long as it isn’t transmitted for long distances.
Henry Ford might be a good allegory to Elon. He was a genius in some ways but his blind spots were also epic. Ford Motor Compnay, even after it was one of the largest corporations in the world, would weigh invoices on a scale to estimate the amount that was owed. The seeds of the greatness of the Model T and the production process bore fruit in the near destruction of the company. You and I don't see that yet at Tesla, but who knows? Maybe the Full Self Driving will become a trillion dollar liability because of Elon's over-aggressiveness?
Solar power is DC and is converted to AC before fed through the utility’s meters. And no Tesla won’t be doing anything with FOSSIL FUELS!
@@patriciachimienti8094 That’s exactly my point! Solar panels generate DC current, and the voltages they produce are compatible with batteries, so there’s no need for wasteful conversion of DC to AC, and DC motors are more efficient than AC motors, so it makes total sense to convert homes to DC current with the help of solar systems and batteries. Tony Seba believes that the waste of electric power during long distance transmission will eventually doom the power companies, because they won’t be able to compete with onsite power generation. The solar panels will become even more efficient with time.
Musk thinks hydrogen power is retarded, so why the hell would he do fuel cells?
@@thestresstheoryofhansselye3607 you need to read up about physics and electrical engineering before you make bland statements about AC and DC.
You’re a quality Tesla TH-cam channel
Toyota still has not figured out that they are getting left behind.
How long before Toyota sales decline world wide.
Their sales are already in decline, they are just in DENIAL. By the time their CEO can't ignore it... the govt. of Japan may be organizing their memorial service.
Not long...100 year old Chevy dealership here in my town has 0 cars on it's lot...only Trucks
Yesterday.
How long? Now? Toyota's lot in my town has 5 cars. I don't see anyone rushing to buy those last 5. Wow!
@@FrunkensteinVonZipperneck yea...my city has one of the oldest family run Chevy dealerships in the country. O cars on the lot only trucks.
Outstanding explanation. Just subscribed to your channel.
Media anal ysts talk about Legas catching Tesla, assuming Old Guys have Tesla's talent. In sports, I bet on the young runner. And I bet on the runner who shows up! A racer who starts a marathon 10 minutes late does not catch the leader. Full stop. And if a leader has more talent? A 10-minute gap widens every minute, the leader races FARTHER ahead. Runners missed the start? They lost. Anal ysts assume logic does not apply to EV races.
Analyst are trying to save their own portfolios... it wont work but what choice do they have. We know AND they know their portfolio is suddenly garbage, soon the market will have to show that and probably many suicides etc to follow as they realize their egos screwed them, as the ego always does. Deaf dumb and blind.
@@donfields1234 Enter corrupt politicians with bailouts.
My grandchildren the eldest of which is 3 years young, will fortunately grow up in a Tesla dominated world and come to know ICE vehicles as a last century relic.
Daddy.....whats a DODGE ? .........it that a Crypto Coin ?