Former Tesla president: Company is pivoting to autonomy 'because their core business is weak' 

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

@@JacobReynolds-t7v I totally agree. A financial advisor can provide valuable insights and help ensure that our investment portfolios are aligned with our long-term financial goals. They have the expertise to navigate through market fluctuations and make informed decisions.

@@JoeWilmoth-k2w I’ve been down a ton, I’m only holding on so I can recoup, I need help, who is this investment adviser that guides you?

@@elegboozioma7267 Her name is “Victoria Carmen Santaella” can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

@@JoeWilmoth-k2w Thank you for this amazing tip. I just looked the name up and wrote her explaining my financial market goals.

You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.

@@darrenphilip247 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

@@finleysterling562 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor

Ethan Grayson is one of the finest portfolio managers in the field. He's widely recognized; look him up.

But competition IS coming. Porsche Taycan is objectively a more beautiful desirable object than the dated looking S. There are many low cost EV models coming to market from other manufacturers. Tesla is the clear leader in software but their hardware/design/build quality isn't clearly better.

@@2011hwalker 😂 Porsche has been "coming" for Tesla for years. Still hasn't happened yet and will never happen. Even if Porsche gains more success, it doesn't take away from Tesla. It should be obvious that the auto industry is not a winner take all market. Saying something is objectively beautiful is just ridiculous. Beauty is in the eye of the beholder. Where are these low cost EVs today? Those have also supposedly been coming for years. Even if they do come, it's unlikely that that company can remain profitable selling at the lower cost. Nobody besides Tesla and BYD have made profit per car. And BYD barely makes a profit at all. You can argue design, but there's a reason why Chinese autos keep copying how Tesla builds hardware and manufactures its products. The Chinese only like copying the leader in an industry. Lastly, the Model Y was the best selling vehicle (ICE/EV) in the world last year. I don't know what better standard there is for determining better software/hardware/design/build.

they did disclose it in the graphics

@@thesadboxman Mercedes-Benz becomes first automaker to sell Level 3 autonomous vehicles in the US. Mercedes-Benz beats Tesla to selling Level 3 autonomous cars in the U.S.

@@Funktastico 😂have you actually tried it? If you did you'd know it was severely restricted. Anyone could make a L3 autonomous system if they include enough restrictions. Since I'm guessing you haven't actually tried it, here's a list of its limitations: • It only works on 0.2% of roads, and can only be used on highways • The car can only travel 40mph or slower • Can only be used at temps above 40°F • You can't be the only car on the road • The weather must be good (no rain) • Must be daytime • No construction zones Tesla FSD's limitation is that the driver must be attentive with their hand on the wheel. It will work at least 95% of the miles driven. Some FSD users don't have to intervene 99% of miles driven. It does not have any of the Mercedes L3 restrictions listed above. If you're interested in the actual truth and do yourself a favor and try both, then make a judgement about which is better and actually more useful.

GM is a Chinese company so they can make better and more affordable EV's

@@pinoyrunningpenguin I can just see Americans all scrambling to buy the Wuling Mini😂

@@brucesillince2202 of course if it’s priced less than a Toyota Corolla why not ? 99% of car use by Americans only goes to and from work and going to Walmart and it’s mostly just 20 minute drive in town

​@@pinoyrunningpenguin So when you've just got in the "car" and you're looking for your sunglasses at the first junction when the F150 hits you...... It'll be ok because it's less than a Corolla....

That is literally a lie.

@@Skank_and_Gutterboy A quick Google search reveals the truth, that you are uninformed. "For the first time in history the most popular new car across the planet is electric. Tesla sold more than 1.2 million Model Ys in 2023 to put it ahead of Toyota's RAV4 which had sales of 1.07 million and Corolla which found 1.01 million buyers"

​@@Skank_and_Gutterboy Not only is it "True" , but it's not an attempt by a manufacturer (coughtoyotacough) to say a "badge" model sells more, by sticking that "badge" on an unrelated chassis.

@@zeecee9479 It's out-selling Ford F-series? No it isn't.

@@Skank_and_Gutterboy Ford F-Series sold 750,789 units in 2023. Model Y sold 1.23 Million. All of this is google-able...

Yes. And that should be completed in 3 or so years

It makes sense because robotaxis need to be 100%. Getting a Robotaxi to get you safely to your destination 97% of the time is not good enough, and clearing up those 3% of problems is going to take just as long as getting to 97%. For instance, they are still horrible at yielding to emergency vehicles. That may only happen a few times a year, but it is catastrophic when it does.. and fixing it is insanely complicated.

@@PeterSedesselol you repeated exactly what OP said but with way more words

@derickkrotz3721 he is right, in manufacturing, increasing the last percentages of quality (95% to 96%) is exponentially harder than reducing defects from 30% to 20%. He is just describing the law of diminishing returns.

We’ve been hearing level 5 Teslas for years now but Tesla FSD is level 2 while others at level 4. What gives?

@GoldTau-km9dmlol great take GM will win you are sharp 😂

​@GoldTau-km9dm They have been given nothing and are taking everything.

the BEST board , is no Board in the First place.

this guy is a complete idiot

@GoldTau-km9dm Uber has no choice but to - once Tesla figures out robo-taxies its game over for Uber. Get ready to short it.

😂

YEA BECAUSE HE IS LYING OBVIOUSLY

this guy is a complete idiot

I never noticed that, but you’re right!

this guy is a complete idiot

He "works" for GM

❤❤

Whatever the MSRP on the Equinox is, just assume the dealers will NOT reduce the price based on the tax credit. They will mark the price up by that amount so, at best, the buyer will pay MSRP. And don’t think GM is gonna flood the market with these things. Each dealer will have one or less on hand at any given time, which will allow them to add their ‘market adjusted’ price increase. Maybe they will just have an auction every month or so for the one EV they will get. They don’t want to sell EVs at all. GM doesn’t want to make EVs in any great quantity.

No hybrid are great, so plug in hybrid makes sense for some customers

@@michalfranczyk1241no it doesn’t just buy a damn EV and decide like an adult lol

wrong!

Charging is ridiculously slow! Plugins are a scam!😢

@@DG-hw8it you can for an entire week in a hour and save over 50% of “fuel costs” but ok

Hertz bankruptcy will be much cheaper than bailing out GM!

You are an easy sell. A sleezebag salesman's wet dream.

Over 90% of Tesla earnings are from car sales. Elon: We are AI Robot company.

​@GoldTau-km9dmGM isn't even in the market

Because they need to talk about the highest performing stock in the stock market that day when it’s up over 10% in less than 12 hours.

Because they have people paying them lots of dollars to talk up the other automakers and lots of people paying them money that are short Tesla it's amazing they think retail is so stupid they won't pay attention.

Even BETTER question... "How does this GM BOARD MEMBER AND CRUISE VICE PRESIDENT not know the Bolt was discontinued?"

👍👍👍

tsla to 420.69

Market: Most ev car manufacturers sales drop 40-50% Market: Tesla car sales drop 8.5% Mainstream media: Tesla is doomed, the competition is coming :DDD

@@TaylerTayler-up8mc Most manufacturers have hybrid or plug-ins to fall back on which are in hot demand. Meanwhile, Tesla only does EVs and if EV sales are falling that's means trouble for Tesla. Their 12month PE ratio is 47x. While Amazon has 33x Microsoft 32x Nvidia 32x

​@@ssukhdev Car sales in general were down btw 2--12% for most car companies, not just evs. And the main reason why most manufacturers went back to hybrid, is bcs they saw that they can't sell evs profitable.

ELON, has changed the GAME . 100% BEV 24/7

Ummmm, TESLA offered Superchargers to gm, Ford others back in 2012, ZERO takers.

Tesla numbers do a great job of creating negativity. Elon is just the usual blah , blah , blah .

PHEVs are the symptom of a confused legacy auto industry with no clear plan.

Rubbish. Most people travel less than 50 miles a day. PHEV’s are excellent for that. Then if you need to go long distances or tow something a proper engine is there for that. EVs are useless for anything that requires hard work

​@@darrenprior6339 It's a matter of having the proper specs. Few things do harder work than a long haul truck, and over 10% of those trucks sold in China are already electric (as well as about 20% of lighter trucks); EVs with adequate specs are clearly capable of doing the hardest work you can throw at them. Hybrids, including plug-in ones, have another big issue: the smaller the battery is, the faster it will cycle (go through all energy in it), and thus the faster it will need replacement. As a result, the small battery on a PHEV would need to be replaced multiple times before the larger one on a proper BEV degrades.

@@FabioCapela Here's the perspective. Those trucks in China are NOT long haul trucks. In the people will drive what they want and not because of some woke crew of hypersensitive do-gooders who think EV is the only future. It isn't.

Most PHEVs have less than 40 miles range on electric, I owned Kia Sorento PHEVs 2023, just returned it. I have now Tesla Model Y and BMW iX, they both give more than 300 miles range, I charge at home, cost around $40-50 for both cars for whole month. You can't beat that, use it every day for everything. I drive daily within city limits, I don't need engine car, once in while when I travel, I will rent it for few days period.

So true. They’ve been wrong every year since 2010. It’s almost like they’re paid to be wrong.

It's the "Tony Seba chart" They take the "Exponential to date" line and draw the projection "flat and to the right" every year. It's quite sad really.

23 billion in revenue in 3 months means the EV market is gone? Your logic is truly unique.

Anyone that takes anything Elon says is a gullible goof.

Lol

Have you LOOKED at the "Car" market? . The "General public" has realised that there's a "price correction" coming because they've (finally!!) seen the ICE stock piling up at dealers who *can't* drop prices even on *2022* stock because THEY paid too much. . It's *nothing* to do with "EVs" as a "product". Don't be naive.

TESLA is the ULTIMATE Luxury , high tech.

Equinox who ?

And if you have used FSD (as I have), you understand just how far away the finish line is: it's a long, long way away. FSD is hot garbage.

@@jaredjohnson8553 You obviously did not use FSD.

​@@jaredjohnson8553you probably went to mars too, and coming back here to tell us no one can survive there

@@Just_a_random_birb I have FSD 12.3.4 on my Model 3. My son's school is 2.6 miles from our house. I have to intervene on average 5 times on the way to his school. This is a long way from coast-to coast without interruptions that Elon promised in *2019.* (I have been a FSD beta tester since December 2020.)

Have used it as well as Ford blue cruise and GM Supercruise both superior to what Tesla has.

FSD is still level 2 supervised. Wake me up when it's full autonomy and level 5. Until then I'm not interested in being an unpaid supervisor. Full autonomy is the car driving from LA to New York with me sitting in the back seat as promised by Elon.

@@sunrisejak2709 So you wouldn’t use a supervised system that’s 5x - 10x more safe than you? Tesla isn’t there yet but that will assuredly come first. Avoiding any level of safer supervised system seems like an odd choice.

​@@alexedens1When I drive my car (Tesla model 3) I very often go to various locations or just go for an "afternoon drive" with various spots of interest along the way. With FSD you need to set a destination so the FSD knows where it's supposed to drive. I virtually never drive with a set destination in mind unless it's a trip. I also might choose different routes to pass by a shop that may or may not be open or a restaurant that may or may not be full, or just a scenic drive on my way to the mall. In any case I never select a location from A to B and just use my car as a transportation tool. I love driving my model 3 and just go where I like to go at that moment in time without constantly setting a specific destination. I've had no accidents in the last 25 years so I suppose I'm a safe enough driver. 😁

​@@alexedens1I haven't had an accident in 25 years so I guess the "safer than me" is a moot point. In order to use FSD you need to set a destination so the car knows where to go. This is not how I drive my Tesla model 3. I might elect to drive by a restaurant to see if it's crowded or a shop to see if it's open, or maybe take a different route to the mall to check something out along the way. It's only on a trip I might set a destination. Setting a destination everytime I go somewhere removes the freedom of driving a car which I love doing.

@@sunrisejak2709 I understand the freedom aspect if you’re just randomly exploring. But your first point is not logical. Just because something hasn’t happened doesn’t mean it can’t. I haven’t had cancer in 60 years. Does that mean I’m immune? Perhaps I should pick up smoking? Since the car has eight cameras and can react faster than you a supervised system will no doubt be statistically safer than you. Ignore at your own peril.

Ford never went bankrupt .

exactly, if the "first 95% is the same as the final 5%", then... ummm you're actually 50% the way there!

What's so hard to understand? In 95% of the circumstances the car is capable of driving itself without making any errors and in those other 5% it does make errors. Making progress such that the car doesn't make errors in those last 5% of circumstances is harder than for the first 95%.

@@QuantPhilosopher89 I disagree with your contention that “In 95% of the circumstances the car is capable of driving itself without making any errors” so I’ll just leave it there.

​@@kingjustice1831I'm literally driving in a Tesla now that works 95% of the time with FSD as I reply to you.

@@HighSchoolNotes 😂

EVs already sell for below the average price of a vehicle. The charging infrastructure IS in place.

Tesla is building Multiple NEW Affordable Model(s) in 2025.

@@markplott4820 affordable is fine. Smaller may not necessarily work. Let's see.

Tesla has the LARGEST Supercharger network , everyone but Stellants can use NACS.

the GRID is getting greener all the time w/ Renewables , mainly SOLAR & WIND they are the Cheapest ENERGY in the WORLD, just add GRID battery storage.

Look at Tesla’s balance sheet. Tesla sales are down . Tesla having major layoffs.

@@larryo6874 I understand……most people like you confuse investing with accounting. That is why majority of stock investors are losers!! Not even worth explaining the balance sheet……For sure this comment will age well !!

@@larryo6874 old news already priced in weeks ago