Tesla stock 😳

got some updates regarding Tesla and

it's worth talking about because even in

the face of the banking crisis said yes

Tesla stock has fallen under 200 per

share it bounced off about that 175

level intraday we briefly went under 175

just a few days ago and it kind of been

staying above it which is really good

because that's an important retracement

level and what is some of the news

regarding the latest at Tesla well of

course a first big Financial Times

article this morning talking about Elon

musk's costs cutting measures and how in

the long term these uh while in the

short term are are creating a lot of

drama and fear in the long term will

help get Twitter the profitability

hopefully as soon as Q2 or Q3 of this

year which is fantastic well that's

exactly what Tesla shareholders want to

hear because we know that Tesla stock is

Elon musk's piggy bank in other news

Tesla applied to expand the gigafactory

Berlin they're now claiming that they

can do so without actually increasing

the necessary water

usage that's actually a big deal they're

trying to get to a million vehicles per

year at this facility but they've been

running into a lot of application delays

due to essentially individuals in the

neighborhood and and politicians

restricting uh permitting due to

concerns over water consumption

specifically environmental groups a

Tesla Jacob Berlin has a goal of about

5k cars per week production started late

2021 company manufactures the Y and

three there and good news the model y

just actually became the best-selling

vehicle in Europe outpacing other

vehicles by the tune of somewhere around

40 percent which was pretty incredible

bottle Y in my opinion is actually

probably the most desirable out of the

Tesla vehicles I do think you a little

bit overpay for the snx which I own both

the snx so I'm kind of shooting myself

on the foot by saying that and I think

the model 3 is so close in price to the

model y and that uh unless there's a

specific reason to get the three I think

the Y is a great deal a Volkswagen did

just announce an id2 a 25

000 Mass market car and a smaller

battery two-door sedan I'll actually

show you some pictures of it Elon Musk

replied in a tweet and wrote uh pretty

good uh in response to Volkswagen

announcing this vehicle now uh the joke

about that is the vehicle won't actually

be available until

2025. it claims front wheel drive 25 000

price to go on sale in 2025. the vehicle

looks like this you could see this on

screen here to see what the vehicle

looks like this is the

id2 four pictures here shows uh very

very tesla-esque interior with that

center console forward console uh again

this is the Volkswagen against newly

announced id2 this is not actually

expected to go on sale until 2025 which

again that makes you wonder like really

that's uh it's gonna be a while if it

starts if it starts going on sale at

2025 that means probably not actually

producing until 2026 and the reality is

a lot of the Legacy Autos uh have have

really cool Visions for concept cars but

it takes them absolutely forever to

actually deliver I doubt Volkswagen is

actually going to uh you know I here's

here's how about this Let's Make a Deal

somebody will have to remind me remind

me in 2025 if Volkswagen actually

delivers this vehicle for under 25

000 dollars MSRP we'll say not going to

include taxes in 2025 I will buy 100 of

Volkswagen stock

[Music]

that that would be impressive I just

don't believe it

uh Elon Musk has also along with Tesla

I've also now opened the the first V4

superchargers now if you thought the

previous V3 superchar oh there we go if

you thought the previous V3

superchargers were fast these V4

superchargers are about 40 faster 350

kilowatts of power versus 250 absolutely

incredible they're also now rumors well

potentially not rumors this is actually

something circulating on Twitter

apparently Cadillac has reportedly been

trying to poach Tesla owners in China

offering them substantial discounts on

the Cadillac lyric

and they're doing this by Tesla Chargers

they're also sending text messages uh to

Tesla owners from Cadillac here for

example are some photos

this is a Tesla supercharging station

you see the caddy on the left side there

uh branded Cadillac there it is the

Cadillac lyric here's video

let's see here somebody driving by yeah

test drive the caddy by the Tesla

superchargers uh shout out to this

person by the way Jay in Shanghai who

posted this content uh he calls this

Shameless cult calling by Cadillac I

mean honestly I can't I can't really

blame them I think it's kind of funny

actually it it just like the pr of

Cadillac trying to convince Tesla owners

at the Tesla superchargers in my opinion

is priceless like it's it's hilarious

Tesla PR it's actually fantastic it's

like if somebody really wants to leave

Tesla and go buy another car go for it

but they'll be back anyway uh Elon Musk

also said uh at uh an investor

conference hosted by Morgan Stanley uh

again and this is sort of reitering we

cover covered this last week as well but

again on Twitter they're planning on

cutting their non-dead expenditures down

to 1.5 billion and hoping they could be

cash flow positive by the second or

third quarter talked about that already

sorry for repeating that uh the uh let's

see here the Elon Musk also has just

predicted that there will be a Tesla

Monopoly in the electric vehicle Market

but that that's actually not his hope

because the reason he likes to open up

his IP like patents to other and

Technology to other automakers is to

actually help promote the push towards

sustainable energy now I I can't I

struggle to determine whether or not

that's Noble for like you know the cause

for green energy or if that's

anti-competitiveness and anti-capitalism

maybe it's the perfect blend of both

it's like hey we're kicking everybody's

butt so much here as Charity how about

we just give you our IP but the reality

too is the more people transition to EV

the larger the pie of the EV Market goes

and so maybe that ends up circling back

and being beneficial to Tesla anyway

whether that's in selling Tesla solar

panels selling batteries maybe to other

car manufacturers selling Drive trains

seller car manufacturers heck maybe it's

licensing the FSD to other car

manufacturers right

so maybe that's the end game maybe

that's the jaded capitalistic point of

view is that sure we'll give you our IP

by the way when you can't figure it out

we'll sell you our drivetrains we'll

license you our FSD and we'll make lots

of money off of you sure people can

drive their Volkswagen built by Tesla an

interesting idea a lot of reports

circulating on how great the Mexico

gigafactory will be for Tesla it's not

being called a genius move a bike a

Bloomberg a journalist and uh a combined

Business Insider report thanks to

Mexico's not only lower labor costs but

also its proximity to the United States

remember your average hourly wage in

Mexico is about 3.50 that's led to a lot

of criticism that Elon Musk is basically

using slave labor because when you

compare to minimum wages in California

or Texas you're closer to 15 to 20

dollars and uh and such comparisons you

might think oh dear that does seem very

very cheap is that fair to those folks

and the reality is it actually puts

upward price pressure on those wages it

gives Mexican workers in that

Northeastern region of Mexico pricing

power for their wages potentially

enables them to actually make more money

and raise their standards of living that

is after all the nature of capitalism

the capitalist saves money but everybody

else also wins so it's it's a win-win

situation that's at least they great

uh yougov also now conducted a survey

about the impact of tests of of Elon

musk's Twitter activity on Tesla's

reputation now originally we have always

been thinking that the more Elon tweets

the more he pisses off uh like either

woke people or not not necessarily a bad

thing it's not meant to be a slam uh or

or liberals or whatever people whatever

right that has regularly been an

argument well for what it's worth

ugov put together a survey and they say

that while musk's tweets can generate

attention and controversy they do not

seem to have an overall negative impact

on Tesla's overall image the automaker

remains popular amongst consumers and

musk's social media presence continues

to be a major driver of publicity for

the company

well there's your PR department that's

kind of interesting I mean it's a good

idea you know I mean

we've always made this this argument

that yes it pisses people off but are

they eventually really not going to come

by a Tesla well probably not eventually

they'll probably still buy a Tesla but

then again I think also the people who

are the loudest screaming well I refuse

to buy a Tesla uh because you know Elon

is too aggressive or you know I didn't

like he said promote fauci or uh

prosecute fouchy or whatever I think

that those folks would have never bought

a Tesla in the first place

which I think is quite interesting

because there are a lot of people who

will never buy a Tesla and they just

continue to seek more excuses as to why

they won't buy a Tesla and this just

happens to be another one on the list so

maybe that yougov survey is actually

right I think that's actually quite

interesting

Tesla has also now introduced new

features called charge on for power wall

owners allowing them to make better use

of the excess energy from their solar

panels so basically here's the Scoop

okay let me give you the bottom line on

how this works so if you have oh dear if

you have solar panels on your house

and you're burning I don't know five

kilowatts an hour at your house maybe

that's a little low yeah that's probably

let's say you're burning 20 kilowatts an

hour and your solar panels are

generating 30 kilowatts an hour well now

you're using 20 from your solar panels

but you have an xs10 and so what you do

is you roll the meter backwards the

problem is even though you might be

saving energy at a cost of 30 cents a

kilowatt hour especially during the

middle of the day when air conditioning

is expensive and the time of use rates

are up when you roll it back you're

usually only getting like one cent like

the the utility companies do not want to

give people large rebates anymore for

having these solar panels not like they

used to don't get me wrong they still do

you get clean energy credits you get all

these uh State mandated credits and

stuff but the utility companies don't

want to pay you that much for Rolling

the meter back

so this charge on for power wall owners

is actually very interesting because

what it does is it's a feature that

gives power wall owners which remember

you can now buy a power wall itself

without the solar panel system from

Tesla the powerwall feature gives owners

the option to charge their electric

vehicles when their home battery reaches

full capacity and solar energy

production is still ongoing this

solution not only maximizes energy usage

usage but potentially lowers electrical

electricity costs by reducing the need

for the grid to power your car during

Peak or Peak periods it's actually

brilliant I think that's a it sounds

like a small feature but it's actually

very very smart it's like hey charge my

car what otherwise I would be rolling

the meter back like top my car off when

otherwise I'd be rolling the meter back

because that will save you generally

more money than rolling the meter back

rolling the meter back by the way is

also like an old school phrase to the

disk meters that actually would spin we

generally don't use those anymore

they're electronic now so you just kind

of get like a backwards Arrow anyway

uh okay so this uh let's see here the

next thing is uh Tesla on March 14th won

a lawsuit against a famous car reviewer

and Tick Tock celebrity known as boss

Kai for damaging Tesla's reputation now

there's there's more to this than me

just talking about some random tick

tocker okay I want to give you what I

think this actually means which is very

important uh and and yeah in June of

2022 Tesla sued boss Kai for infringing

on their good name by spreading false

rumors through a video posted on his

channel

and demanded on the Chinese version of

tick tock and Tesla demanded 720 000 in

compensation

in October the court found the video's

content was fabricated well now the

person has been sentenced to pay one

hundred thousand yawn uh Yuan it's just

it uh it's the Chinese renminby

uh which divided by six what is that

that's like like fourteen thousand

dollars it's somewhere around fourteen

thousand dollars I'm pretty sure uh but

anyway uh order to compensate that and

post an apology on his social media

pages and leave them there for at least

90 days yeah it's 14 500 yeah

uh anyway

here's what I think this actually means

and I think it's actually a big deal for

Tesla and China uh first it means that

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actual implications here in my opinion

are this is this is in my opinion at

least some evidence

that China is actually really proud of

Tesla

and they are willing to dare I say let

the normal systems flow rather than

potentially rig the court system

anti-tesla which is kind of what you get

a little bit in California now I know

I'm being opinionated here okay the

regaining of in California courts I feel

that way because I've been in them

especially when I ran for governor in

California uh and uh they're extremely

biased in favor of the governor because

eventually those judges want a federal

appointment went in if a California

governor becomes president it's it's all

just a hierarchy chain of rigging anyway

if there's any place that I would expect

that happens the most outside of

California it's in China

and the fact that Tesla China is is

winning not only this lawsuit but also

in another one against uh the uh byd

store that was defaming Tesla uh and

also the publication of information that

the uh protesters who were complaining

that Tesla's brakes failed that no

evidence has come out to that that claim

like the China is actively spreading

this sort of positive news about about

Tesla China in my opinion it's actually

a sign that China is actually very proud

of Tesla China and they realize that

companies like Foxconn with apple and

other companies are starting to go to

India and Taiwan and and China is losing

that edge to attract Manufacturing

and that's bad for their gross domestic

product remember the consumer in China

only represents about one-third of their

economy uh that that means foreign

manufacturing is actually very very

important

as a percentage of GDP next to housing

uh and so I think that uh China actually

has a bias towards encouraging uh

Tesla's developments and Tesla's success

uh even in competition with byd but I

believe that because I think Tesla is

their poster child of an American

company that can get things done quickly

efficiently and have large margins by

operating in China it is the best made

in China ad in my opinion you could

think of it's one of the best I'm sure

there are others but I think it's a

fantastic I mean maybe next to like

apple right because the Apple iPhone you

know manufactured or assembled in China

that I think that's fantastic those are

ads to go to China

so I think this is this is actually very

good

so uh at the same time we have uh

apparently this feud between California

and uh Tesla which is not surprising at

all apparently Tesla was on the verge of

receiving around four or five million no

actually it was only 1.6 oh 1.6 per

project okay Tesla was going to receive

a few million dollars to build four

large supercharger projects it was going

to Total about 420 stalls of course

anyway Drive Tesla has learned Tesla has

informed California that they're no

longer wanting California's money in a

letter Tesla's lead explained that the

program was unnecessarily cumbersome

because the program led by the

California clean energy commission

required multiple point-of-sale methods

including the opportunity to physically

swipe your credit and debit cards in

addition to the mobile app payment

options that are offered by Tesla now

well Tesla's like look we're not putting

terminals on all of our superchargers we

don't do that we use an app that's it

and so Tesla's like yeah no you guys

aren't worth it bye he was just another

example of bureaucrats in California

making things harder than they actually

ought to be but then again that's uh

that's California for you uh visions

that uh that that sound good but in

practice are quite ridiculous

it's California for you though

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