Something Strange Just Happened at Tesla

Summary

This video discusses key updates in the electric vehicle (EV) industry, including government warnings in China about price undercutting among domestic EV brands, Tesla’s growing adoption in public services, and advancements in autonomous driving. The video highlights Whimo's autonomous testing in New York City, Elon Musk’s brother Kimble’s thoughts on US energy independence, and Tesla’s stock outlook. It also covers the launch of Tesla's robo-taxi service, the upcoming six-seat Model Y variant, and the progress of the Tesla Semi production. The speaker predicts significant growth for Tesla stock, with a target of $1,000 per share.

Takeaways

• 😀 Beijing government warns major domestic EV brands, including BYD and Nio, against destructive price undercutting as EV market growth slows and becomes oversaturated.
• 😀 Police department purchases Tesla vehicles, marking positive adoption of EVs in public services.
• 😀 Whimo in New York City applies for a permit to test autonomous vehicles with a safety driver, signaling progress in self-driving technology.
• 😀 Kimbal Musk expresses concerns about the future of American energy policy, advocating for more natural gas plants to support energy independence and security.
• 😀 Gary Vlad sets a stock price target of $310 for Tesla in the next 6 to 12 months, highlighting key catalysts like autonomy licenses, more affordable vehicles, and the semi-truck production.
• 😀 Tesla's Full Self-Driving (FSD) v13.2.9 update shows positive progress, with no interventions or disengagements during tests.
• 😀 A six-seat Tesla Model Y variant is confirmed and is likely to be available globally, not just in China.
• 😀 Tesla is actively hiring for positions related to the semi-truck, indicating near-future mass production of the Tesla Semi.
• 😀 Tesla’s robo-taxi service is launching soon in Austin, and driverless robo-taxis have already been spotted in the city, showcasing advancements in autonomous driving.
• 😀 The speaker predicts Tesla's stock will reach $1,000 per share and potentially exceed that in the future, encouraging followers to join him on Rumble and X.

Q & A

Why did the Beijing government warn major Chinese EV brands like BYD and NIO?

The Beijing government issued a warning to major Chinese EV brands due to concerns about aggressive price cutting, which is seen as harmful to the EV market. The market in China is becoming oversaturated, and the rapid price reductions are seen as detrimental to long-term growth.

What is the significance of the police department using Tesla vehicles?

The police department purchasing Tesla vehicles is seen as a positive development for Tesla, as it suggests confidence in the company’s technology, especially in terms of safety and reliability. It also reflects growing adoption of EVs in different sectors.

What is Whimo's plan in New York City regarding autonomous driving?

Whimo has applied for a permit in New York City to test autonomous driving with a safety driver behind the wheel. They are not offering full services yet but are focused on testing the technology in the city.

What is Elon Musk's brother Kimble Musk's stance on American energy independence?

Kimble Musk expressed concerns about American energy independence, particularly focusing on a new bill that he believes will hinder the growth of solar and wind energy. He emphasized that America would need to build more natural gas plants to maintain energy security, but he also criticized the bill for potentially stalling energy progress.

What is the current situation regarding subsidies for fossil fuels and renewable energy in the U.S.?

In the U.S., subsidies for fossil fuels are roughly on par with those for solar and wind energy, amounting to around 10 to 15 billion dollars per year for each. This highlights the need for both types of energy sources to coexist for the country's energy security.

What are Gary Vlad’s key catalysts for Tesla’s stock price?

Gary Vlad has outlined several catalysts for Tesla’s stock price, including streamlining federal processes to secure autonomy licenses, the launch of more affordable vehicles in 2025, potential licensing deals with other OEMs, and the expansion of Tesla’s Total Addressable Market (TAM) through new vehicle form factors like a hatchback Model Y.

What negative catalysts does Gary Vlad foresee for Tesla?

Gary Vlad sees several negative catalysts, such as Tesla potentially failing to introduce new, cheaper vehicle models, instead relying on price cuts similar to what happened in 2022 and 2023. Additionally, falling earnings per share (EPS) expectations and a high price-to-earnings (PE) ratio could also pose risks.

What was the result of Zach’s testing of Tesla's Full Self-Driving (FSD) system?

Zach shared that during his testing of Tesla’s Full Self-Driving system (FSD V13.2.9), there were no interventions or disengagements, demonstrating the system’s capability to operate autonomously without human input during the test.

What is the significance of the six-seat Tesla Model Y variant?

The confirmation of a six-seat Tesla Model Y variant suggests that Tesla is expanding its vehicle options to cater to more diverse consumer needs. This model could be available globally, not just in China, indicating Tesla's strategic push to broaden its market appeal.

What are the expectations for Tesla's semi production and the launch of robotaxis?

Tesla is expected to begin mass production of the Cybertruck and the Semi truck in the near future, with hiring activity indicating this move is imminent. Additionally, Tesla is preparing to launch its robotaxi service in Austin, marking a significant step in their autonomous vehicle initiatives.