Former Ford CEO explains why Tesla's stock is growing

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Mark Fields, TPG Capital senior advisor and former Ford president and CEO, joins 'Closing Bell' to discuss Tesla's record run and what could be the future of the company. Subscribe to CNBC PRO for access to investor and analyst insights on Tesla and more: cnb.cx/2BT2E7y
Tesla shares soared in premarket trading Thursday after the automaker said it delivered about 90,650 vehicles in the second quarter, handily beating Wall Street expectations as the electric car maker’s sales withstood the economic downturn better than most competitors.
Analysts expected Tesla to deliver about 72,000 vehicles during the last three months, according to a consensus of analysts surveyed by FactSet. A broader set of analyst estimates, compiled by Bloomberg, set higher expectations - 83,000 vehicle deliveries in the second quarter.
Shares of Tesla zoomed nearly 9% to $1,219.02 in Thursday’s premarket, a day after closing 3.7% higher to $1,119.63.
Deliveries are the closest approximation of sales numbers reported by Tesla, and the electric car maker’s numbers held up significantly better than its competitors. Tesla’s deliveries fell by just 4.8% from the same quarter last year even as auto sales the world over, and especially in the U.S., slumped during the quarter after Covid-19 outbreaks led to health restrictions on households, travel and businesses, mass layoffs and wage cuts.
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Опубликовано:

14 окт 2024

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Комментарии : 516

@3monsterbeast 4 года назад

This guy knows what he's talking about.. No wonder he doesn't work for Ford anymore!

@grildcheez1504 4 года назад

It's amazing how honestly they speak when they are no longer employed with the car company.

@smartelectriccar 4 года назад

Too bad he did not advance Ford under his tenure. Ford is sadly lagging Tesla in software and electric drivetrain

@smartelectriccar 4 года назад

The margins with credits is a good point. But Tesla no longer has tax credits for US. Only the poor execution of the competition is paying credit money to Tesla now, so it’s the fault of the OEMs, Tesla is just better at the current regime.

@j.pgoodwin9020 4 года назад

Tend to disagree. he epitomizes the reasons why Legacy auto and Wall St are missing the point by focusing on profit per model without considering the entire package and in the process risking the very existence of their Companies. Tesla is a Tech Company and Energy Company that makes cars as well, their operations and management is completely unlike any automaker and thus they are constantly innovating and improving. Elon approached the Legacy OEM's when planning to build the Supercharger Network offering a partnership as having set his goal he had worked out all the requirements to achieve that and a Supercharger Network was essential as it made the EV a practical vehicle. They laughed in his face and as a result their EV sales have been far from Stellar. The number of EV's planned to build would consume more than the worlds battery production, thus GF1 in Nevada. And now the Legacy Auto and start ups have great vehicles coming to market, but face a battery shortage which Elon has forseen years ago

@xbxb 4 года назад

Why this guy is a former CEO of FORD? He should be the CEO now, he knows and understand the space.

@koolyman 4 года назад

Because forward-thinking opinions will get you ousted from backward-looking organisations.

@surf2553 4 года назад

I worked for Ford Design for both Fields and Hackett. Huge loss when Fields was let go.

@xbxb 4 года назад

@@surf2553 What do the folks of Ford think of Tesla? Are the employees are disappointed because of lack of change in terms of going on electric?

@koolyman 4 года назад

@Wolfgang Preier when you work in an organisation that only wants to consolidate the status quo, and challenging it only makes you enemies - you work in a backward-looking organisation.

@Zendefone 4 года назад

Know and understand is one thing, able to do anything about it is another. The fact that he is able to speak openly about this is that he is *ex* CEO, a current one would say it even if he truly believes it. He would just milk his salary for as long as he can.

@Filmstarindamaking 4 года назад

As soon as those short shorts are available I’m buying a pair for my wife. It will serve as a reminder of how much money Tesla keeps making for me.

@Pimpmedown 4 года назад

short shorts? that would have been greatin febuary

@masontrang 4 года назад

They were available today. Hope you got your order in

@thinkspeed6787 4 года назад

For the perfect price of $69.420

@xxxccc4034 4 года назад

Sold out instantly

@nabilyoukhana7981 4 года назад

New generation worship ELON. He can speak his mind. TSLA fly baby fly

@ohgee1379 4 года назад

$$$$$

@kanyewest7067 4 года назад

STONKS

@edwardjonese 4 года назад

Praise be to our lord Elon! We are not worthy

@rc-pf1wq 4 года назад

it only goes up from here😈📈📈

@ThunderAppeal 4 года назад

'New generation' worship elon because they are a generation of morons.

@daveriley6310 4 года назад

Now, if he could just talk to Elon and ask him, "How do YOU pronounce your name Uhlon?" Elon, "It's EE' lon."

@larsnystrom6698 4 года назад

I thought it was El-on!

@rowenagrinsam8261 4 года назад

It's Elon with an E in front.

@ernestodeavila8076 4 года назад

Former Ford CEO says is all, behind the curve 10 years ago

@Cydonius1 4 года назад

Ford guy says he wouldn't put out a tweet like that, but then again I never knew this guys name or he worked for Ford till today but I have known about Elon for years.

@archieharris6825 4 года назад

5 different industries weren't trying to destroy his company either.

@al11220 4 года назад

Cause you are a fanboy and not an investor, duh🤷🏽‍♂️

@tenob905 4 года назад

Finally I hear someone saying something positive about Tesla. It’s usually negative

@BeatsByDezea 4 года назад

It's hard to talk negative about things you got in your stock portofolio lol

@tenob905 4 года назад

Marco Deo the thing with Tesla is that it’s more then a car manufacturer. People are just seeing that part of the business and not looking at the whole business

@nvn2005 4 года назад

Other auto CEOs take notes: We musk smoke whatever Elon is smoking

@fauxbro1983 4 года назад

Weed on joe Rogan podcast

@Wirmish 4 года назад

One puff of a %50 weed/50% tobacco joint.

@earlpottinger671 4 года назад

@@Wirmish And meanwhile those other CEOs drink 4-6 martinis with lots of alcohol and younger ones snort cocaine yet nothing is said about them.

@hobbies222 4 года назад

elon musk is a genius

@ednan9 4 года назад

You are officially his bot

@myjourney1011 4 года назад

It’s next generation car. Environment friendly

@Chicago48 4 года назад

The shareholders want Elon to leave the Board. He's a bad image for the company.

@brewsandbass5572 4 года назад

His rocket ran on fuel.

@UTopia120 4 года назад

@@brewsandbass5572 and the point is.........

@LoanwordEggcorn 4 года назад

Tesla's gross profit margins are in the 25+% range for Model s and Model X and the 20% range for Model 3. Model Y is probably more profitable than Model 3 since it's simpler to manufacture. This is highly transparent and visible in their public financial filings. Those are very high profit margins, comparable to BMW or Mercedes and much higher than Ford, GM, Toyota, etc.

@BjorckBengt 4 года назад

@Andyadventures #11 No company makes profit in the growth phase. They reinvest in factories while competitors are closing their. A year from now Tesla profit will be massive while legacy auto will have negative results. Some won't be around.

@BjorckBengt 4 года назад

@Andyadventures #11 Tesla grows revenue 45% annually. Probably they will for many years to come. Next question?

@sevencostanza3931 4 года назад

where do you get those pretend numbers of profit ???? EV market for any car manufacturer is financially a loser, including Tesla. Batteries are too expensive to make profit. ELon sold his 2 houses in CA and transferred the money to his company to make the financial statement look better. www.investopedia.com/articles/markets/070116/tesla-losing-money-each-time-it-sells-car-tsla.asp www.businessinsider.com/tesla-is-killing-potential-profit-margins-with-the-model-3-2019-10

@BjorckBengt 4 года назад

@@sevencostanza3931 Honestly, do you believe that, lol! Do you think selling a private property makes any difference for a company with $25B in revenue? Tesla results are public. They have had three profitable quarters and they have had positive cash flow for years. They are on track to make 150k cars next quarter and then the profit will be huge! Do you think investors around the globe push the valuation of the car to be the highest of all automotive companies without having an understanding of Tesla finances?

@sevencostanza3931 4 года назад

@@BjorckBengt Companies fudge their accounting all the time, but some more than others. House selling is very small amount, but few million input is still better than nothing for company that is making little profit. Revenue can be high but so can expenses, it is profit that counts more. Tell me that you see here: finance.yahoo.com/quote/TSLA/financials?p=TSLA

@reviewguy12 4 года назад

I was skeptical about what Mark Fields was going to say but he actually gets it.

@joeynino6577 4 года назад

Well his tenure at ford says he really doesn't

@Chainyanker007 4 года назад

If he gets it, he got it too late. Elon zoomed by him and he didn’t notice.

@jimlong2098 4 года назад

Tesla is already transparent on what portion of their protifts come from credits. Not sure why he would suggest otherwise. Just look at a recent earnings report. Other than that, I thought his comments were right on the mark.

@LoanwordEggcorn 4 года назад

Agree. Tesla's gross profit margin per car Model is in every report too. Not exactly secret. Tesla's gross profits are relatively huge and will grow with its increasing manufacturing scale and market share. EV cost is mostly driven by battery cost and Tesla has major advantages there too, by design.

@updlate4756 4 года назад

I think you're misunderstanding what he meant. He was talking about transparency in the gross vehicle margins vs gross corporate margins. The company can report a positive gross vehicle margin and still lose money. If you look at Q1, where Tesla only made a $16 million profit, but their regulatory credit sales were effectively $350 million of pure positive margins, you can see the issue if those credits aren't a permanent fixture on their books. As to gross vehicle margins, Tesla uses some creative accounting. Where other companies may factor a portion (say 50%) or the totality (100%) of their R&D costs into COGS that gets applied to GVM, Tesla puts all of their R&D into the R&D line and none into COGS, so none of their R&D gets counted against GVM. Therefore, Tesla can state they make GVM that's well above other manufacturers by a huge percentage... but really it's just because they're using a different calculation... it's effectively an Apples to Oranges comparison.

@Mk-ft1zs 4 года назад

No company was,is or will be transparent of their profits. Nothing is so clean in this world

@jzcjca000 4 года назад

Two words: "Test Drive". If financial analysts want to see the future, they need to take a test drive in a Tesla!

@LoanwordEggcorn 4 года назад

Don't test drive a Tesla unless you want to buy one. Most people who test drive end up getting one. They're that good.

@al11220 4 года назад

@@LoanwordEggcorn Stats aren't on your side😂 Most who test drive a Tesla don't buy them.

@LoanwordEggcorn 4 года назад

@@al11220 Nearly a million people who bought Teslas disagree with you. :)

@al11220 4 года назад

@@LoanwordEggcorn 1 million people, wow then the stats are right. 1 million doesn't even scratch the F-150 numbers.

@LoanwordEggcorn 4 года назад

@@al11220 I don't feed trolls, bro. Bye.

@keyframex 4 года назад

Pooling resources won't work. This is just like when "adding manpower to a late software project makes it later" (from Fred Brooks' "The Mythical Man-Month"). Traditional auto is toast. Tesla won it all.

@shauna996 4 года назад

Thanks for citing that resource. I've heard the argument but it's nice to see a source.

@alexanderhamilton8585 4 года назад

Yep. It's like interviewing a German after D-Day, to get his ideas on the American Army's success. He just got his ass kicked, but he won't admit the American Army is better and nothing will stop it.

@tabbott429 4 года назад

He has to throw in the negative BS at the end. "Tesla cant claim the EV credits they sell to other OEMS forever" bit. They wont need to!... but income is income IS IT NOT? These legacy guys got caught with their pants down. AND NOW ITS TO LATE. The cocky attitudes they give off while saying the most ridiculous things. SMH

@LoanwordEggcorn 4 года назад

Tesla is highly profitable per unit car, which is why they're able to consistently lower prices. Tesla will do fine. They're highly aggressively innovative, including in driving costs down, particularly battery and manufacturing costs.

@waynerussell6401 4 года назад

Independent industry expert Munro calculates Model 3SR in Fremont can earn 18% gross margin and in China 26%. Performance models in China over 40%. Model Y is even more attuned to economic manufacture. Industry leading.

@lucschoonen4082 4 года назад

It looks so funny to me how these other OEMS are paying for their own funeral, a better stream of income does not exist in my view :-)

@737smartin 4 года назад

TDA DIY ...Yeah! I was surprised see his replies were amazingly reasonable until those last comments. What company DOESN'T take advantage of all the rules of the game to succeed? You don't gain points by saying, "Sure...they're profitable, but it's only because the world wants their products." 🙄

@updlate4756 4 года назад

@@waynerussell6401 Sandy would probably find similar margins for other OEM cars. But that isn't how gross vehicle margins are calculated. Many OEMs include R&D costs into their COGS line, which is accounted for in GVM. It isn't only a factor of production costs. Tesla doesn't include R&D into their COGS line, so their GVM calculation will return a higher margin than OEMs. There's a reason other OEMs can have significantly lower GVMs than Tesla, and yet still generate large corporate gross profits; whereas Tesla needs $350 million in regulatory credits in a quarter, plus tax credits to allow them to boost their MSRPs, to post a pretty minuscule net profit. $16 million profit on multiple billions of dollars in sales in Q1?

@JohnSmith-pn2vl 4 года назад

Tesla crushing it, as always.

@deava9336 4 года назад

2021 will be the year where tesla is making cars on 3 continents... then European car manufacturers will be in real trouble because tesla would compete with them on equal ground, taxes...etc..

@surfreadjumpsleep 4 года назад

huh? Do you understand how VAT works? You think European cars are tax free in Europe?? GEEBUS the TESLA KOOKS!

@Chainyanker007 4 года назад

Sammy Smith - Why? They are leading the charge that will make EVs the next car to get for more and more people as they realize it is cheaper to own and operate one than an ICE vehicle. More so if you have solar panels.

@fadilthefxtrader7667 4 года назад

@@Chainyanker007 its cheaper to Operate if you compare it with a Ford f150 not a Toyota prius.and in my opinion we will probably not be able to use electric vehicle on a mass scale because the national would basically collapse or we go back to drilling more oil to cope with the needs of electric vehicles which would defeat the claim that electric vehicles are good for the environment.

@GurpsCheema 4 года назад

this guy should take some credit, for pushing a good 100 years old company into the abyss LOL

@DEMediaDrive 4 года назад

Tesla made it easy order a car without a stealership. Like building a bunch of remote control cars.

@surfreadjumpsleep 4 года назад

let's ask a guy who has a big Tesla position, if he thinks Tesla is going higher. Great insight CNBC!

@Pimpmedown 4 года назад

well if anyone would be serious about tesla rising he is going to buy the stock. If they think tesla will fail he will short the stock. Everyone else surely doesnt know enough to talk about it. So who you gonne invite?

@surfreadjumpsleep 4 года назад

@@Pimpmedown an auto industry analyst? what if all these longs agree with each other not to sell, but to get other new investors to buy in. that's basically what they are doing.

@تومريتشاردز 4 года назад

Robinhood investors are probably looking at Ford stock and thinking if it goes to $100 they can retire lol.

@forza-marco 4 года назад

She loves that the stock is going higher because she is in it.

@isaacneterosmiddlefinger186 4 года назад

Can't blame her. I have 2 shares myself and can't believe what I'm seeing.

@willhenry767 4 года назад

I had 3 shares at 300 so I'm good. I love it

@charlech 4 года назад

My TSLA already giving birth me a Tesla, prolly cybertruck. So praise Elon.

@AB-wf8ek 4 года назад

I have 18 shares, grabbed 5 of them at 515, up 42% in total

@joeynino6577 4 года назад

I'm up 276% with 8 @ 350 wish I spent every dollar back then(2 years ago)

@hipzwhitetower7413 4 года назад

I have 50 shares at 280 and they were free woot woot.

@ahsanmohammed1 3 года назад

3:03, July 20th 2020 $1,200 a share or $328 a share? I’m confused.

@macioluko9484 4 года назад

@5:00 If Elon's Tweets are the only risk for Tesla then I'll take 100 more shares.

@JAM_2024 4 года назад

They are running out of negative things to say about Tesla. SAD

@fabriziomarchetti4341 4 года назад

Basically the business model of Musk is this: SOFTWARE.

@zType2 4 года назад

That, and making cars seem more like toys that update all the time.

@atomek1000 4 года назад

But when you think about it in reality it isn't.

@CHMichael 4 года назад

But its not. Its so much more.

@blanamaxima 4 года назад

You can drive your software to work :)

@echoeversky 4 года назад

bUt hIs TWEETS! Meanwhile others are -33% in AUTO sales vs. break even or better for TSLA?

@youngtran5323 4 года назад

This CEO is not even says Elon correct !!!

@brandengrellmore7635 4 года назад

A lawn lol

@harrychu650 4 года назад

Going to a zillion a share. Buying tesla today is like buying Amazon in 2014. Buy buy buy.

@thesolarfutureenthusiast1102 4 года назад

Tesla are totally transparent about the zero emissions credits they receive.

@rawonboard7831 4 года назад

Petsr Hazel that’s not Tesla responsibly.. that it’s on others company hands.. like the mining company emissions it’s on that company hands... Tesla is a vehicle and other stuff= what they produce/produces 0 emissions.. truck that are moving mining etc.. have nothing to do with Tesla

@AkaiKA4K 4 года назад

Petsr Hazel Every emission is included regarding lithium mining, cobalt mining, nickel mining, aluminum mining. Every old lithium battery are already recycled. And recycling save a lot of both cost and emissions compared to mining. Electricity used by all Tesla facilities are included. Even water usage per vehicle is included.

@toyotahontas9296 4 года назад

Tesla takes risks that other companies don’t. Look at the crazy Model X doors and the upcoming Tesla pickup. This brand is exciting.

@Ron71997 4 года назад

0:10 was that a warm smile or a slight diss?

@english2me694 4 года назад

Warm but would have liked to hear him go further, like "how are you"

@MrGonzonator 4 года назад

Tesla SNP listing will keep stocks high, allowing further stock issues to fund yet more growth. Its unstoppable now.

@davidbeppler3032 4 года назад

Tesla was unstoppable in 2012. Gaining momentum every day since. Now the game is over. Tesla won.

@drosophilamelanogaster3957 4 года назад

This guy had an opportunity 10 years ago to bring Ford where Tesla is today yet he choose to stick with ICE. Now he is lecturing others. What a sad world.

@alexanderhamilton8585 4 года назад

He's humiliated. The only reason anyone wants to talk to him is if he promises to talk about ELON. So he deliberately mis pronounces his name.

@kylewernert9785 4 года назад

How much revenue is being generated by selling tax credits? That's weird that we don't know this information.

@thinkspeed6787 4 года назад

You gotta appreciate what they guy does for the memes

@lydiayuna9155 4 года назад

Tesla today is Ford in 1903, both mission to change the industry .

@Chainyanker007 4 года назад

Ford and other legacy auto makers are where Kodak was when the first digital camera came out. That first one was actually made at Kodak but they failed to run with it. The legacy auto makers are at that juncture unless they come out with viable alternatives to Tesla’s line soon they will get Kodakized. Remember that Kodak was #1 in the world for film.

@sweetbon76 4 года назад

CNBC used to say there was a demand problem And don't forget, the competition is coming... 😂

@Meowmeow.age.6 4 года назад

Because Tesla is not a car company, it is a logistics, data, solar, battery, and then a car company.

@tempcadoganenright 4 года назад

Tesla margins do not include tax credits. These are shown as a separate income line in Teslas accounts. Teslas margins are big as they dont have to spend on marketing and advertising but depend on "word of mouth" to sell their energy products and vechicles

@Pimpmedown 4 года назад

ads are just a tiny piece of why tesla has so high margins. It just sounds cool. The real point is that tesla is verticly integrated

@DanielLopez-sh2pp 4 года назад

The smartest sounding man I came across. Would hire him in a heartbeat to run an autonomous car company. Or future flying taxi company.

@UnipornFrumm 4 года назад

Its wierd how for other auto manufacturers is cheeper to help tesla grow instead of making theyr own electric vehicles

@crisprtalk6963 4 года назад

I really could NOT care less about Ford ex CEO, GM's CEO, or Chrysler's CEO regarding Tesla.

@ExaltedWarrior 4 года назад

Who saw the thumbnail and thought for a second, is that Steve Carell?

@Thefunkeemonkee 4 года назад

Right, let’s now ask Bitcoin’s CEO the same question. Yup, no fundamentals, just mass hype.

@DavidOSinger 4 года назад

good luck finding satoshi

@ron8979 4 года назад

I don’t wear short shorts, I wear long tesla

@updlate4756 4 года назад

It's not exactly true that other OEMs saw 30% decline in sales while Tesla only saw a 5% decline. It may be true y/y... but remember that Tesla is a growth company that's increased their production rate by about 50% y/y. If it wasn't for the shutdown, Tesla would have produced ~150k cars, instead of the 82k they did produce, and probably delivered closer to 130k-140k instead of the 91k they did deliver. They were off about 30%-40% from what they were expected to produce/deliver had it not been for the shutdown. OEMs quarterly sales figures are fairly consistent y/y because they're producing approximately the same number of cars y/y, and selling to their piece of the market without any major growth. For those companies to shutdown, then obviously their decline will be more evident y/y. . Decline in deliveries as a factor of production capacity was similar across the board... and that's with traditional dealerships shutting down; whereas Tesla continue delivering throughout the quarter using contactless deliveries.

@dmoku 4 года назад

Eh LAWN - I want a Tesla Lawn Mower.

@Pimpmedown 4 года назад

might be a "boring lawnmower" lol

@god-son-love 3 года назад

200 a share , now it is 600 a share.

@tommac5411 4 года назад

Mark Fields echos his thoughts in his laundry room. Top notch audio?

@info781 4 года назад

Mark Fields is a marketing guy not an engineer and that set Ford back a number of years. He had he chance to make a Ford Bolt, but did not have the guts to do it.

@earthasian 4 года назад

I wanted buy Tesla stocks when it was ~250 but I didn't have money, and now it's ~1200 😢 * Crying at a corner *

@Ijerkkkk1 4 года назад

i feel your pain

@davidbeppler3032 4 года назад

Almost borrowed $10k to buy stocks... just could not pull the trigger as I was unemployed at the time.

@JackFarrington 4 года назад

"Tesla needs to be consistently profitable." - He could be talking about almost any OEM at this point. Auto sales are in decline. "Sales of regulatory credits is not going to go on forever." - It's true, eventually OEMs will buy credit offsets right into bankruptcy and Tesla will have no companies left to sell to.

@snowrocket691 4 года назад

BURN!! They need to buy Tesla's short shorts XD.

@thorbenreuter5937 4 года назад

Wait a minute If Tesla will hit 3000 per share for sure in the future why are we idiots not going in debt and betting everything we have on Tesla?

@Wirmish 4 года назад

Because: FEAR

@AB-wf8ek 4 года назад

Because it's very risky

@francoischarbonneau9447 4 года назад

Been there done that, up 300%. Edit: Up 700%

@Mondrayish 4 года назад

If everyone in the world invested in Tesla now, Tesla would cancel the global recession and everyone would be 3x wealthier.

@thorbenreuter5937 4 года назад

@@Wirmish Why fear? Listening to all the people on cnbc and everybody else the share can just skyrocket and never go down? There is no risk! Buy buy buy Risk free return

@stephenw4720 4 года назад

Finally CNBC has someone who can talk senses about Tesla and gives a fair evaluation.

@annaartyushina2247 4 года назад

Very useful, thank you!

@80sruler 4 года назад

Was he flirtin there at the start ?

@ldelcors 4 года назад

A lot of really good points!

@earthcitizen007 3 года назад

when was it 1200 dlls a share?

@cesarforte617 4 года назад

For tesla to be profitable in a middle of world crisis stopped production and only down 5% its game over!!! I will definitely buy a model s in the next 3-4 years...the future looks amazing

@ramon2786 4 года назад

I think this gent is wrong in saying that Tesla haven’t got their manufacturing down pat. Research by Sandy Munroe and associates suggests otherwise. In fact the manufacturing tech in Tesla is moving at a similar pace with its tech.

@jadenisiah 4 года назад

They used to pray on Teslas downfall. I didn't forget.

@updlate4756 4 года назад

Actually, they probably never gave Tesla a second thought, tbh.

@BasementTracks 4 года назад

Kicking myself in the head for only buying 6 shares when they were at $300...

@PosiP 4 года назад

If electric cars are the best, why do we need incentives to get people to purchase them?

@Happy4Go2Lucky 4 года назад

Sardine Cans w Giant Tablet PCs

@jovanhayes7597 4 года назад

They aren’t necessarily cheap

@GP05N 4 года назад

If gasoline is here to stay, why does the government subsidize the price?

@updlate4756 4 года назад

How else are you going to pick winners. There's this misconception that all automakers were treated equally when it came to credits... but the fact is, the timing lined up with Tesla's position, and effectively launched them well ahead of the competition. After the recession, the big 3 were fighting to survive, and no doubt the other OEMs were experiencing some pain. Tesla had no significant manufacturing to speak of, but they were right about to go live with the model S. They instantly got a $500 million loan from the Obama administration, then instantly were able to take advantage of lucrative federal and state tax credits, along with possibly even more lucrative CARB credit sales. Since BEVs were their only business, they had no choice to move forward with the billions of dollars of investment into it. The big 3 on the other hand were struggling not to die... so spending billions of dollars on technology that they didn't even know would work, or could be mass produced affordably didn't make a lot of sense. It turns out it did work, and Tesla was given a major boost... without having any of the expensive legacy costs that the behemoths of the auto industry had to deal with. Boomers retiring. Soaring healthcare costs. Small sedan demand falling off a cliff. Having to downsize. Etc.

@mayorsnorkum4005 4 года назад

Because most people are cautious when it comes to new things, particularly a "new thing" that will cost $40-60K! I would not own one, had I'd not driven a friends Model 3. Once I'd driven his Tesla, it was pretty much inevitable I'd buy one, regardless of the incentives (which had already halved at that time). Once you own one, the only downside is road trips (which is mitigated by Tesla having their own extensive supercharger network, and very high recharge rates). For 95% (at least) of travel, I find there is no going back. Once they (and I mean EVs in general) become commonplace, they can drop those incentives (which is why they roll-off after a manufacturer ships a certain number of units ... no more incentives for Tesla sales).

@Thefunkeemonkee 4 года назад

Let’s ask the right question, after all this years, what are your profits? Cero!!!

@mosabari7681 4 года назад

Yes, the big story is his tweets.

@kevinsjournal 4 года назад

Love how he's a "Former Ford CEO" but Tesla really is the future, I just put out a video on it, but from electric cars, solar energy, battery, it's going to the moon one day, maybe even quite literally, if anything through Space X.

@CalmDownJack 4 года назад

prolly cuz he doesn't release a car named after your coolest work of art masterpiece car, lets call it the "Mustang," and then make it electric, which sounds incredible, til you make it look COMPLETELY DIFFERENT. ahhh it's just dirty, ceo.

@gmnboss 4 года назад

Stepping on short shorters is not a bad thing... they're not helping on the way up...and ready to colect on the way down

@ARGO679 4 года назад

I feel im losing money by my inaction of not investing with tesla

@whowhy9023 4 года назад

aR Go not too late 10k by 2025...

@pibadar 4 года назад

You missed the bus, don't chase it. Just wait for the next bus.

@knightoflambda 4 года назад

i got in at 960 a couple days ago. 20% appreciation over 2 days is no joke. still a chance to get in. TSLA to 6k then to mars!

@alexm8453 4 года назад

@@knightoflambda "20% appreciation over 2 days is no joke" - actually, it's a joke. because it's not normal

@sirus312 4 года назад

I did the same with AOL in 1999 and bitcoin in 2017 stay safe lol they always come in . Look at amazon

@TelephotoProductions 4 года назад

Ford and GM are the Blackberry of automotive.... and that is charitable.

@Maverick5588 4 года назад

Lol at how he says elon. "Ehhloonn' lmao. Good interview though

@abcd123906 4 года назад

Yeah, I noticed that too haha! Sounded like "Alawn"

@LoanwordEggcorn 4 года назад

Technically that's the correct pronunciation.

@fromthefuture7172 4 года назад

It's not just the cars. It's the brand that will attract the smartest engineers and future innovators tomorrow because of their vision today. They could release a boring smartphone today and sell tens of millions of units easily.

@Pimpmedown 4 года назад

ssssssh dont tell elon about the phone. i wanne see him build a electric motorcycle first

@johnmacri7440 4 года назад

Just ordered a Y

@ramonbenito9840 4 года назад

When tax credits is no longer around, Tesla will already have a very good head start.

@goodsonphilippe4393 4 года назад

How much is Ford trading for???

@AB-wf8ek 4 года назад

If you invested $10k in Ford in 2011 you would have $5k now. If you invested the same amount in Tesla you would have $405k

@moviesjean23 4 года назад

About $5 a share

@goodsonphilippe4393 4 года назад

All those losers are upset because Tesla is taking over. Haters👅

@UnipornFrumm 4 года назад

They didnt ask him why ford stock is dropping :(

@2006cr85r 4 года назад

TESLA MY ESLA!

@joekim4345 4 года назад

Can't get around how this guy pronounces "Elon" .....he pronounces it "ilon" and everyone else says "EElon"

@mrsir1872 4 года назад

confirmed. former ceo of ford buying TSLA calls

@GiorgioHouse 4 года назад

Sure.. Wall Street is forecasting Tesla in the year 2200 (more or less) Blade Runner style 😂😂

@techvelocity9923 4 года назад

Does this guy seriously not know the correct pronunciation of Elon? Or have everyone besides him been mispronouncing it.

@justinkruse7350 4 года назад

Great product Great infrastructure Great technology Only going to go up If you do the research and it’s not hard to find out you add it all together Tesla is the future and the future is now.

@BjorckBengt 4 года назад

Sorry, but Tesla is now world leader also in efficient manufacturing. It is funny how these guys, who are supposed to understand these things and who gives advice (lol) still were not able to spot what was happening in front of them and they still struggle to get it. It is as if they have forgotten what it looks like when new successful companies are born. Sure they don't make a profit until they have grown, but it is not that difficult to predict their future if you are economically literate.

@martinsordilla9859 4 года назад

pragmatic assesment mark speigel something to refute regarding the growth

@eugenestrawberry1835 4 года назад

Mark Fields audio is annoying.

@Shawn_M 4 года назад

Folks doing interviews from home need to invest in a decent mic

@lain11644 4 года назад

You've never worked from home before?

@christopheblanchi4777 4 года назад

Elon owns the shorts. These "shorts" guys have completely failed to understand what Tesla is about.

@brandoYT 4 года назад

stock market so so corrupt - I still prefer Tesla to almost any auto maker

@duran9664 4 года назад

No one worries that China might nationalize Tesla factories in response to US restrictions against Chinese companies 😅

@MR-po8su 4 года назад

Greatest bubble ever

@alexharvey9721 4 года назад

They own the market of the future, which is enough by itself. But they also have a totally different product and development philosophy which no other auto brand can match. You have statistically the 2nd most attractive employer (after spaceX) in the US that is way ahead in the market of the close future (which won't change regardless of carbon policies - in the next few years EVs will be cheaper to produce, faster, more torque and much cheaper to run) and they're growing consistently 50%/year. The fact that it's an auto stock is the only thing that has kept it so low in the past. Really it's a tech/future stock and people are starting to realise. On top of that, there is actually way more future potential to Tesla than the current market impact they have.

@cryptobradley2006 4 года назад

This guy is a employee of Ford he has never built a car company he just worked at one.

@tinapitts6222 4 года назад

I just want Tesla hvac .....lol

@peri6167 4 года назад

Feel soo badly didn’t buy when it was $450 back during the coronavirus. I knewww IT would grow sooo hard but didn’t dare to invest because it was my first time! Sooo stupid

@AB-wf8ek 4 года назад