who doesn't like a good JIGAcast
This
literally said "Deutsch Bank had a sit down with Tesla and cut their estimates for Q3 and forecasted 2024 as flat growth". Strange that he always conveniently forgets what he says.
cleantechnica.com
cleantechnica.com
Do you know why?After the initial hype, the Byd premium sedan the SEAL which matches Teslas spec and pricing, is dying a quick death in China. Tesla is outselling that car 10:1. BYD as expected failed to capture the premium buyers as most of their volume are from cheaper 10-25k cars.
Great news as a stockholder....I suspect that my days of free destination charging (which I really do love!) are numbered now...
I know that is how ‘we’ reached our views even before the first share split. However, even though ‘we’ know and it’s not news virtually no analysts outside TMC and other TSLA obsessive sources almost never discuss TE, much less value it. Even fewer have any attempt to value subscriptions and/or Supercharger revenue with or without non-Tesla.
Worth the time to listen IMO, just made me more bullish. Gordon clearly doesn't understand much and makes some odd leaps of logic - for example he says that "Tesla got lucky during the covid chip shortage because they were able to short-cut conventional testing procedures and swap out chips for others in acouple of weeks, where as legacy auto it takes years" -> that's a) not luck and b) not a weakness, it's agility and strength
The Chinese rarely see domestic brands as luxury or premium. This comes from years of poor Chinese business practices in which fake and low quality goods were introduced to the daily lives of the Chinese. People used to spend hours 40 years ago picking out little rock pebbles from their rice bags as it was introduced into the food supply to increase weight. I remember watching a comedy skit from 1989's Chinese New Years festival show about this one person selling rice and the buyer asked if there are rocks in it...the seller said no, grabbed a handful and threw out some rocks and said "you see?" which was the punch line. Some uses artificial processes to change the look of the fruits to make them look fresher. Huge incidents of little infants having abnormal growth of their head due to eating Chinese made formula. The list goes on and on and con artists are just accepted as part of dealing with the Chinese market. If you think we had it bad due to lead paint and Chinese dry wall, it seems that every other day the news uncover some kind of crazy con people have been doing for years causing people throwing away things in their fridge.
