@@TexasRiverRat31254 He could have NOT stripped UAW Secretary-Treasurer Margaret Mock of her duties in retaliation for her refusal to authorize his personal expenditures. OR, similarly, removing UAW Vice President Rich Boyer from overseeing the union's relationship with Stellantis because he refused to engage in financial misconduct. Maybe those two things, as a start...🤷
@@TexasRiverRat31254 The unemployed UAW workers now have jobs that pay less then what they were making before the strike. You can't pay out 25% higher benefits and be competitive. More plants moving to Mexico and Canada.
@@TexasRiverRat31254 in Canada and the USA we have legacy auto companies that are Union and Non Union Toyota and Honda have assembly plants in Ontario, Unions have tried to get the workers to sign , those workers said overwhelmingly " No", and k think e ven Magna workers said No as well, back in the day ( 1986) Magna had a very generous PROFIT SHARING scheme and was the company to WORK FOR.
@@BTC_Minarchist OR...Stellantis could have reacted with building better products...Maybe put some of the multi million dollar increases the executives were making into some better quality control in their vehicles
"The UAW should be ashamed for allowing China to build auto plants in Mexico"??? I didn't know it was the workers who decide where to build auto plants.
Just one of the many things Trump either doesn’t understand or misrepresents as suits the moment. The free trade agreement negotiated by Donald Trump in his first term is what gives them that right.
The Big 3 ( now big 2.5)has been building in Mexico for decades, I, I remember my Rental company furnishing 3 whole houses in early 90s to GM for Mexican management trainees in GM Oshawa. Those trainees did not feel welcome by the GM factory workers, " We are here to take theirr jobs" were the was the words said one of the Mexican Engineer trainees to the other Mexican management trainee, this overheard by me. It was Doom and Gloom already back in 1993 in the Oshawa GM plant.
You apparently know nothing about the UAW and thecommunists and criminals that run it , They are just democrat like politicians, in it for the kickbacks.
The CAFE standards are a 2% decrease in emissions per year. It means fewer V8s more than an EV mandate. Also you'll continue to see the selling and buying of emission credits. There is no federal EV mandate.
Think about this. If a new administration comes into power, they will increase tariffs on all cars and car parts made in China by at least 100%. The car with the most parts made in America is Tesla, and they are on track to be over 80%% on two of their models by 2026. Ford, GM, VW, Hyundai, Mercedes, and Stelantis are around 54% made in America, which does not account for their own EVs, which are less. It takes years for car manufacturers to change vendors and pass safety standards. Elon became a multi-billionaire by knowing which side his bread is buttered on. For other mfgs to meet these tariff requirements, they must increase prices by 27% in the short term, making Telsa made-in-America EVs very affordable against petro vehicles. New Teslas are targeted to increase ranges to meet the Chinese-made Zeekr 001 EV 620-mile range in early 2026 based on their new CATL-licensed batteries made in Sparks, Nevada. I thought I would never say this, but Elon is smart to endorse Trump.
@@Carl_in_AZ biden just increased tariffs on chinese EVs by 100% AND pushed through the $7500 EV tax credit, which trump would end. You have lost your marble's.
The problem with EV’s in America is politics. This results in our politicians throwing money at anything a lobbyist can get them to. And half the public aren’t interested EVs because their political beliefs tells them not to be.
Autoline's coverage focusing on market volatility short-termism, the big picture is clearly BEVs taking over, prices will soon fall below competing ICE at point of sale. Who has the best capacity to fill that Gap with leading EV products? Tesla in the US, Tesla and BYD globally. As for legacies? Well the news of Ford turning their EV plant to a truck plant at edge of EV transition, and GM falling further in China due to lack of competitive line-up, gives us some clues as to where things may be headed.
Ford turning their EV plant into a truck factory is a comical display of legacy falling behing further on EVs, but no surprise when the economy is hurting their already non-competitive EV designs sadly. EV market is once again the domain of market leaders such as Tesla and BYD, they just have a big lead that's hard to catch up with for the old guard.
IMHO Ford is dumping it's ICE Trucks production onto Canadians , as in we are getting REMNANTS because ICE is not the future and the Oakwood ( sorry I meant Oakville )plant was supposed to go EV or Hybrids or PHEV going forward? A Canuck and former Ontario resident here, now living in Canada's Oil Country , Alberta
You miss characterized the Ford position on the plant in Canada. You need to go back and read it again. It’s in the shareholders letter. They need more capacity to build super duties, so they will share the capacity with the super duty while still building the EV models. It’s an adjustment not a cancellation. They need to bill more super duties so they’ll have enough wreckers to go around and repo all the vehicles that people can afford.
It’s UAW Shawn Fain Short term gain Long term pain His demands are insane Has protection for the lame Big 3 (actually 2) will fall And Fain was involved in all
"No EV mandate" is misleading. Yes, the government absolutely has a mandate to buy EVs. At the state level, there have been mandates signed into law; they just aren't effective yet. Before anyone jumps on my back, I have 2 EVs in my driveway and have owned 4... I just prefer honesty/ clarity.
For an oil importing country, choosing between an ICE and an EV car is like choosing between a land-line phone (ICE car) and smart cell phone (EV car). The largest car market in the world is an oil importing country (as are 3 of the top 4 car markets). Plus, EVs will continue to get cheaper.
@@baronvonjo1929 batteries are getting cheaper , not more expensive , and new ways of making EVs are getting implemented , plus Tesla new way of making cars ,like the " un- boxed" process , which Toyota plans to adopt.
The automotive industry stays alive by economy of scale. Porsche, Nissan, Mercedes, Stelantis, Toyota, VW, Ford, Audi, and GM feel the effects of not selling into China, the world's largest market. Porsche's parent stock (POAHY) has fallen over 50% in the last three years, and Nissan is now listed as junk. Companies like Jaguar, Porche, and Landrover have made major announcements in the last few weeks to drop over half of their petrol vehicles to be replaced by EVs next year. As 2/3 of the world market migrates to less expensive EVs, the US auto industry will become an Island manufacturing country, resulting in a reduced economy of scale.
With it's focus on large trucks and SUVs, not saleable in volume anywhere else, and supported by very cheap gas prices, it could be argued that it already is an Island manufacturing country.
@@michaeloreilly657@michaeloreilly657 You are on the right track. It is like a peninsula. The island will come when they lose sales to China when their plants open in Hungary, Denmark, and Turkey in the next two years. Fortunately for the USA, these countries are not yet equipped to ship to the USA. I still believe BYD will move ahead next year in Mexico to build hybrids. They are now headed to be the world's third-largest producer of vehicles this year and are on the step to overtake Honda sales in hybrids by 2025.
I love how everyone blames the unions and not the executives pulling in tens of millions of dollars every year deciding to close factories out of spite.
The concern with cars with internet connectivity and onboard cameras is Chinese brand cars in the US could be used by the CCP to spy on Americans. Tesla and Ford in China face the same issue.
Even the EU is adding tariffs to Chinese auto brands and China is pushing back on Europe. Europe knows what the United States knows. Chinese brand will put their country brand out of business and this means American and European citizens lose their jobs and a whole industry will be negatively impacted.
Ever heard of the Osborne effect? In the first 2 months of the year, people were waiting for the new and much improved Model 3, so Model 3 sales crashed. Model 3 sales are currently soaring. .... Now people are waiting for the new Model Y. This refresh will be at least as good as the Model 3's was, and may be better. I know 2 people who want a Model Y and they're just waiting for the new one. edit; To prove my point. Tesla's just now offering 1.99% interest on the Old Model Y, whose sales are way down, but the New Model 3 interest rate is still 6.29% with soaring sales.
Not a fan of his politics, but this was a no brainer. The other side abandoned him years ago, even actively tried to sabotage their own former golden goose, and now the chickens come home to roost. It's just the smart thing politically, Elon's learning how US politics work, where votes are actually counted by dollar bills. And removing the rebates hurts the legacies the most, so it's not exactly a concern for him, especially as EVs are going to become cheaper than ICE at point of sale soon, with Tesla leading the charge. Either way, EVs are here to stay.
@@AllanSustainabilityFan Are you kidding? Trump is likely to attempt to ban EVs domestically and there's no way Teslas will be legally sold in China after the likely trade disputes that are coming. If Tesla survives at all I'd be surprised.
Ford is doing the right thing with the re-tooling. I own a Tesla and love it, but gotta say Trucks are not the best move for EV’s… Range and Towing for Trucks needs to be 400-500 miles. Granted the Silverado EV can do 400 miles it is way too friggin expensive.
You should know that Kodak is still in business. A local retailer sells 4 models of Kodak digital cameras. Kodak made it's money in film processing, now they are a leader in digital printing. It's funny how many times social media commenters think Kodak is gone.
I lived in Rochester working with Kodak when they went from 110,000 to under 4,000 employees. I believe it was 2012 when they went bankrupt, requiring them to sell their digital IP for over $500 million to Fuji, Cannon, Samsung, Amazon, Google, and I think there were more. They did this to salvage what was left. All my friends that retired got screwed, and the city is now one of the poorest cities in the USA, with some of the highest rates of poverty. Social media might be funny but losing your house, my business, and starting over during that time was far from amusing. All the cameras they sell are now rebranded from other companies. The other Rochester company that is barely holding on as a digital printing leader is Xerox. When Kodak refused to listen to the market, Xerox followed a similar path and gave up its IP by opening it up to others with no strings attached. The other major players in that town that are no longer around are GM's Delco, GM's RPD, who made carburetors and pushed off Bosch which came to them asking for help to make fuel injectors, and the last company is Bausch & Lomb, who, for the second time in 14 years, is on the verge of bankruptcy.
Trumps going to start a trade fight that gets tesla kicked out of china at the same time as he does everything he can to kill EV sales in America. Not that it matters, Elon got his paycheck so its okay if tesla collapses now.
@@santiagohills3997 The Cybertruck is brand new and Model Y is still the best small SUV around. The fact is that Teslas have been mostly bought by leftists vegeterians, the "Californian" type of people. That is why Teslas are so wide spread in California. The rednecks of the Midwest hate those leftists and everything that comes along with them: sushi, yoga, meditation, BLM, LGBTQ rights and Teslas. They love guns and pick-up trucks. They will NEVER buy an EV, they think climate change is a hoax. They are the MAGA cult. So Elon has now gone full MAGA, yet, the cult hates him for being a climate conscious billionaire. Trump isn't. The Californian progressives don't want to give money to a proto-fascist, so they wait for other EV manufacturer to come along.
@@FrunkensteinVonZipperneck There is an Oakwood street & area in Toronto, many Carribeans in that area, and is also the Portugese and old Italian area of Toronto, it is a mixed community and has poor renters and expensive houses as well , these being Toronto, where average houses are now $800,000 to $1.5 million, 1/2 a kilometer away is Forest Hill area $2 million to $4 million is going rate.
@@timothykeith1367Bullshit. There are many of the earliest 2008 Tesla Roadsters which are still in commission the better part of 2 decades later in 2024.
GM SAIC sales. 1. GM can't sell more EVs than they make. 2. Why buy a feature phone when you can buy a smartphone? Tesla: I'm sure everyone waiting for the refreshed M3 has NOTHING to do with lowered sales the past few months. Cause we didn't see exactly the same thing before the MY refresh...
All it takes is making vehicles people want and can afford. Not sure GM undstands that anymore, although the Bolt was a good try and should have been kept in production.
Sales of Model Y slowing is not surprising due to many buyers thinking the new Y will be put sooner than Tesla is saying. Considering the upgrade from the previous Model 3 to this one, I would wait as well. Sales slowing California could also be a sign of economics slowing in general and that they have had exceptional demand which can never be kept going forever. I do think Musk's public statements and pissing match with Biden and Newsom has hurt sales. Sadly, the talented Tesla team is probably missing out on their stock options upside due to the more outrageous his behavior gets. Maybe he will end up like Howard Hughes.
Agree with your first 2 comments. I'm one of those people. I have no reason to upgrade, so I'll wait until the new model comes out. I don't care if it takes 1, 2 or 3 years. My current Y is better than the day I bought it. Re: Your 3rd comment...Biden and Newsom are both 💩, so, yeah
@BTC_Minarchist Most government officials suck and it is partially due due to our broken systems of government. So much knowledge and data, but we seem stuck in old ways of doing things and both parties are to blame.
@@kevtheobald Agree. I'm a libertarian (small L), so I vote on policies and generally can't stand 95% of politicians. I have little respect for anyone who votes blindly down party lines without understanding the issues. That said, Biden and Newsom are about as low as you can get on the politician scale. I don't even think they are good humans IMO.
@BTC_Minarchist Not human is too harsh. Hypocrites, as they all seem to be, fits. From America's founders to our modern mess of leaders, they are all flawed and many suffer from greed. Our founders had thought we would review and upgrade or core systems every decade. Instead the system got taken by two parties and they ha e locked it down. I hate Trump, but I know he is human. He is just a con and fake Christian, not to mention horrible businessman. How anyone can believe he was chosen by God for anything other than ending life on Earth is beyond me. The lack of transparency, accountability, and ethics, as in commonsense, not Bible driven, are not found in our government or many others. With so much data and the ability to share it globally, those in power are freaking out because their darkside is being exposed. Just look at all those offshore hidden bank accounts that were exposed when that bank in the Cayman Islands got hacked. All kinds of world leaders in government and business were trying to hide their wealth. Probably lots of bribes hidden in those accounts. Money is a faith based system and seems to be a rigged game for the elites. It is becoming more obvious as more and more transparency exposes what many suspected about our "free market" world.
I ordered a Tesla on 7-10 with a delivery on 7-26. I have gone to a few forum sites, Reddit as well and if Tesla sales are down you wouldn’t know it. Tons of threads where people who ordered in May still looking for their car and speculating where it could be.
The Ford plant is in Oakville , Ontario, just West of Toronto in Peel region, no such thing as Oakwood Ford plant in Canada , other Ford plant us in Windsor Ontario, just over the Michigan border.
I live in California, and car insurance prices have gone up significantly. The avg price for Tesla insurance is over $2000/year. That's quite a bit, and with public chargers at 45 cents/Kwhr (or more), the economic incentive to own an EV is near zero unless you can charge at home, and those people were the early adopters. Apt dwellers in California are not going to adopt EV any time soon, so Tesla sales in California are plateauing. Nothing wrong with the product; it is a really simple and reliable vehicle, and they offer good value for the money. One thing Tesla could do is offer more colors. Spending a few thousand for a wrap which will degrade, is a not a good deal, and they are being lazy. You can get many others in 8 or more colors. Tesla only has 5 and they don't offer the nice silver they have in China here. A car has an emotional aspect, and Tesla is super boring.
All cars' insurnce in CA (and other states) has increased. ICE insurance is as expensive as similarly priced EVs. Lots of disasters - huracanes, tornadoes, wildfires damaging many more cars than in the past. I agree apt owners are not ideal for EV owners, but most new apts in CA have EV outlets installed and many more are adding them. Still a long way to go though. Tesla does offer silver for the S/X (6 colors total) in the USA. Likely 3/Y will get silver later this year.
@@bobbbobb4663 AI is mostly fake anyway. There was an app to scan receipts and put them on accounting books automatically. But in reality it was just sent to Indian workers who made pennies per scan.
@@leerjet18 EV's are only good for people who want a car that's silent, accelerates faster than a Porsche, costs 1/3 the price of gas per mile, requires hardly any maintenance, and gets "filled up" at home instead of having to drive to gas stations.
IMHO, tesla has largely addressed its initial market. To expand sales, they are going to need go after normies using things like ads and marketing to expand their consideration. Just my thoughts.
That question usually splits Tesla investors.That and stock buy backs. Personally, I am not in favor of Tesla doing buy backs or advertising. Re: Buy backs - I think they need to maintain a high cash balance and avoid having to raise capital, for several reasons (you didn't bring this up,so I won't detail) Re: Advertising - I'd rather see them invest the $ in R&D and/or capital investments like new plants (energy and auto), and software. If you look at the amount GM has spent on advertising over the past 5 years (below), it's enough to have paid for built Giga Texas, the last Shanghai expansion, and possibly the two MegaPack factories. Ask 100 Tesla investors and you'll probably get close to a 50/50 split on the responses. 2023: $3.6 billion 2022: $4 billion 2021: $2.7 billion 2020: Could not find 2019: $3 billion
So what do you call the 11 states banning ICE cars then? because we all know how that trickles down the pipe line. I know what he meant and you do to, just like on this show, how many people are going to spell it out word for word and listen to it all when i few words get to the point. Why don't we stick to just car news and leave personal opinion out of it.
Shawn, those EPA rules are designed to make automakers build EVS. Essentially making it a mandate. Play semantics all you want, but it is what it is, and that’s making electric vehicles mandatory sooner than later.
Thursday GMs Battery team leader Mei Cai a Chinese born 24 year GM veteran resigned.GM leads in promises not fulfilled, and Mary Barra seems to walk back BEV development. Is GM leading in being last in BEVs?
I am not surprised that Tesla sales are stalling/falling - it is the same in the UK. The early adopters are moving onto different EVs now that there is more choice and the traditional “petrolheads” have never been enamoured with the minimalist interiors and bland styling. However much you can admire the technology and the refinement now engineered into the Model 3 I don’t think Tesla’s really connect on an emotional level which they have to do for those splashing out with their own money. For the general consumer Tesla’s have become white goods and as such are held on to until they break.
As I have long predicted, Tesla is reaching its saturation point for how many sedans/hatchbacks that Americans want to buy. The company needs a real auto industry exec that can move it forward, assuming it wants to keep growing.
Now that Tesla has successfully entered the utility energy storage sector, I would not say they are Studebaker, but I would say Nissan maybe since their stock has been rated as junk.
Studebaker was a great car. I remember riding in my Grandpa's new Studebaker in the sixties. I asked him why he bought a Studebaker, and he responded by stepping on the accelerator. As I was pushed back into my seat, I understood. 😀
Exactly!But even without all the stupid movies from Elon,Tesla is becoming fast irrelevant!The pandemic saved Tesla for a awhile with crazy high profitmargins,but that all over!
Think about this. If a new administration comes into power, they will increase tariffs on all cars and car parts made in China by at least 100%. The car with the most parts made in America is Tesla, and they are on track to be over 80%% on two of their models by 2026. Ford, GM, VW, Hyundai, Mercedes, and Stelantis are around 54% made in America, which does not account for their own EVs, which are less. It takes years for car manufacturers to change vendors and pass safety standards. Elon became a multi-billionaire by knowing which side his bread is buttered on. For other mfgs to meet these tariff requirements, they must increase prices by 27% in the short term, making Telsa made-in-America EVs very affordable against petro vehicles. New Teslas are targeted to increase ranges to meet the Chinese-made Zeekr 001 EV 620-mile range in early 2026 based on their new CATL-licensed batteries made in Sparks, Nevada. I thought I would never say this, but Elon is smart to endorse Trump.
@@Carl_in_AZ Carl it might look smart right now, but right now is not the future. He and Musk have no idea how things will actually play out if Trump is in office. It won't necessarily be easy sailing for him. The Future - unpredicatable as always.
omg , can be stop expecting endless growth from everything. things stop growing. you cant own the market. its OK not to grow all the time. you didnt fail cause you didnt grow like crazy.
Its Oakville! Trump is trying to solve today's problem with yesterdays technology, not a very smart move, makes good sound bites, but Trump is from a generation that is shortsighted and not looking at the reality of things. Using terms like "factories" makes it sound like 1955 with a lunch bucket workforce, someone should tell Trump the 1970s Mary Tyler Moore Economy is dead and will not becoming back....
He's should be fired working under this law has been ridiculous and constantly being lied to buy them I am by no means that Trump person but he got that one right . Soon as he put out that speech 5 months ago the federal monitor should have started investigating Shawn then but better now than never
