FYI, I just watch all videos at 2x, use ad blockers and sponsor skippers, and find it a great way to get the info w/o spending a lot of time, but there's another instant way to turn the video into text you can read: https://anthiago.com/transcript/
Here's the output, although without the on-screen graphics it's really hard to follow: foreign [Music] Tesla Tesla has just surprised the whole car industry with their price Cuts but some people mistakenly think this is out of a demand problem but Tesla reduce and prices is an offensive move not a defensive one because Tesla is cutting prices so much that no one can really copy it without losing a lot of money this is not just to get a bigger addressable Market but they will because then they would usually drop the prices slower to see when demand picks up but Tesla dropped the prices from 6 to 20 percent and as I made a video about a couple of days ago Tesla will probably still have about 20 cross margin on their Automotive business because of all the things they have going on if you haven't seen that video already you should probably check that one out first but at the same time no one else is making money on EVS they're losing money maybe except byd having a tiny bit of profits both Volkswagen and 4 have said this themselves so they can't just lower the price ten thousand dollars because that means they will lose ten thousand Dollars More on their EVS they sell and at the same time they want to scale up production of their EVS so this is not a good timing for them but as I will show in this video they are no longer competition to Tesla if they don't drop their prices so tests that just started a price War where the others don't even have a weapon to fire this was already over so let's check it all out and let's Dive Right In foreign [Music] [Applause] [Music] [Applause] [Music] so with this move of cutting the prizes by this much they don't just shook the whole car industry but also increase their addressable Market by a crazy amount Tesla's addressable Market just for the model y just went up from maybe five percent to 15 according to the arc invest model here tripling their addressable market and the cheapest Tesla Model 3 is now in the range of 20 to 25 percent of the entire addressable Market in the US so no Tesla did not have to come up with a new model to get into a bigger Market they just cut the prices and tripled and quadrupled their addressable market and by doing so catching the car industry by surprise but remember the average car price in the US in 2022 was 49 500 so many of Tesla's cars are actually below this average cell own price in the U.S but the Tesla is not an average car but this is making the tester suddenly a competitor not just to the EVS but against the ice cars and I also think this is a big blow to the used ice car market as well speeding up the EV adoption even faster as Tesla is forcing everyone else to follow them and this is a good thing for the EB Revolution as a Danish motorist organization has also been out saying and this will also lower the prices of the used car market which have Skyrocket over the last couple of years because just think about it EV adoption is growing exponentially right now here in Europe most people want the Navy we are going from the early adapters to the early majority here so tell me who in their rightful mind would buy something like this this is a used a used BMW X3 you can buy here in my country it's a diesel version that does a zero to 100 kilometers an hour in 9.7 seconds it has already been driven 128 000 kilometers and only have a 550 liters of trunk and this is what it looks like inside a real modern Blackberry right but this used thing here caught about 15 000 more than the brand spanking new model y standard range that is Created from zero to 100 kilometers and have 200 liters more of cargo space and look like this inside who in their rightful mind would choose this polluting old used diesel car which value is now going to drop out of the sky and BMWs are some of the most expensive cars on the market to maintain as well over this brand spanking new Tesla Model y made in Germany that is one of the cheapest car to maintain on the market and yes it does of course get even worse if we look at the BMW X3 from new its starting price is about 55 000 more expensive than the Tesla Model y you could get the model 3 standard range and the model y standard range for the same price of this new diesel car are you kidding me you have to be mentally insane to buy this over a Tesla that doesn't pollute the air around you and your children and is much safer and is fully charged every morning you wake up you don't have to go to The Filling Station anymore except when you're on a road trip and that is the starting price you can of course choose the best version of the X3 but then you can get a performance model Y and a performance model 3 at the same time for the same price as this one diesel car this is insane to take this much fun outdated technology it would be like if a Nokia costed more than an iPhone so if the German automakers were not in big trouble in Europe China us already Tesla just made a knockout blow here not just against the EVS but against their new and used ice cars especially from the premium Brands because here the EVS are no longer the more expensive choice and when it comes to EVS Tesla just made their cars the most obvious choice because if we compare them on why in my country here in Europe with the id4 the id4 now has a more expensive starting price than the Tesla Model y the id4 active does have a bit more range but remember Volkswagen is now removing the heat pump from the ID Force so in the winter I will bet you that the model y will have a real world longer range than the id4 active but other than the range the id4 falls short on every Matrix you can choose if you like acceleration well never get an id4 or any Volkswagen EV for that matter as you can see here it does a zero to 100 kilometers in 10.4 seconds boring I can bike faster than that even if you get the ID for ggx version their performance version only just beats Tesla's slowest car as it can do a zero to 100 kilometers in 6.3 seconds and when it comes to the cargo space there is not even competition here as the trunk is much smaller on the id4 and every German EV does not have a flunk so you will get about twice the amount of cargo space and the id4 charges slower can tow less and weighs more and then don't forget all the bucket software and the bad app on your phone you will get with the id4 where you will get some of the best software and car app on the market with a Tesla that gets better all the time and the Tesla has a very good enhanced autopilot and if you live in the US you can even get the Tesla beta software there is no longer a competition between these two EVS it is just a Slaughter and the long range ID3 is the same price as a long range Tesla Model 3 and these two cars can hardly be compared who would ever choose an ID3 over a Tesla Model 3 when they have the same price and tested just cut the legs of byd here in Europe as well as the byd hands starting price is now more than thirty four thousand dollars more expensive than the Tesla Model 3. that decision does not even require thinking the test just killed byd chances here in Europe for 2023 at least I think so I don't think they have a counter move until they get their own Factory up and running here in Europe and not sure when that will be but they are planning for it but this trend is pretty much the same no matter if you look at the Hyundai ioniq 5 or the Kia ev6 they are now the same price as a Tesla but we don't just have to look at Europe we can look at the us as well the Vault Modi GG version against the Tesla Model 1 performance well the testimonial wire performance is now 57 000 and the Mark E in GG is almost 70 000 and it loses on every spec you want to look at and the model y long range and every Tesla Model 3 versions all qualify for the US EV tax credit of seven thousand five hundred dollars meaning that all Tesla Model 3s and why long range cost less than the US average selling price of 2022. Tesla has just set themselves up to continue to absolutely dominate the US market and in China the prices of the Tesla Model 3 and the byd Han is now both around thirty four thousand dollars so here Tesla is no longer the expensive Choice over byd they are now the same price so Tesla just made their EVS the obvious choice if you're looking for an EV and you can see customers reacting as inventory in the US as falling off a cliff and Tesla is seeing an unprecedented demand as persons familiar with the matter have said and as we can see the same thing is happening in China and I have already heard about a handful of people I know saying they will go look at a Tesla now so this is all very good for Tesla and the EV Revolution but not so good for the old guys as they are selling all the EVS able to make so they don't really need to lower their prices and Hyundai CEO in the UK has been out saying they will not follow Tesla's price cross just yet well good luck with that but it is even worse for the Legacy automakers than some might think they still think it is all just about a new powertrain that is just so scary that CEOs steering these huge companies doesn't really seem to understand what is going on just as we saw with Nokia back in the days so while Tesla is lowing their prices a lot because they're making a lot of money on EBS someone like BMW as I showed even their old used ice cars is much more expensive now than a Tesla but BMW is losing money on their EVS but now they want to spend even more money on making a whole new powertrain hydrogen even though Mercedes also in Germany after 30 years of research came to the conclusion that that technology is simply too expensive for passion car so now BMW will waste a lot of money they don't have on a car that nobody wants as we can see on the hydrogen sales figures through the years and that hydrogening car will always be more expensive than an EV and the ice car and also be about three times more expensive to fill up no one will buy this hydrogen car just as we can see now we have hydrogen cars but nobody's really buying them and BMW is not getting the whole software part of the game either former CEO of Volkswagen Herbert these did get it as he said in the future the biggest differentiator will be software studies has shown that in 2030 the expectation is that 50 of the cost of a car will be software but BMW CEO doesn't get this and that is a big problem for BMW as sipsa said he does not see his company's business threatened by tech companies pushing into the car industry and said a car is not an iPhone on Wheels oh my God he's going to kill BMW no a BMW is not a smartphone on Wheels and that's the problem sipsa as we just saw last week they could not fix a software issue with the i7 and ix3 and so on with an over-the-air software update here in 2023 so they had to make a recall to make a software update so yes that is just a car with a new powertrain sure but a Tesla is a smartphone on Wheels and I think in a very short time people will not be looking at a BMW that cannot make a software update over the air as a premium car anymore I'm already there I will never again get a card I cannot make an over-the-air update and get me new features down the road like I would never get a smartphone that couldn't be updated to get new software and new apps it's just Unthinkable just as my modern wire performance got track mode with the holiday update suddenly my nice family car just turned into a real track King on the racetrack or just to have some good fun on a big empty parking lot you will never be able to do that with your ix3 or your i7 they are as BMW CEO said just a car with a new powertrain this is a problem for the old guys with their eyes business falling out of the sky and that would only speed up and at the same time Tesla undercuts someone like BMW's ix3 that is a very comparable EV to the model y but it is as much as 25 000 more expensive now or if we take the performance version of BMW's top of the line since they don't really have performance versions as they can only do a zero to 100 kilometers in 6.8 seconds but you will be able to get this Beast of a car that has much more cargo space and get over the air update all the time women up and Beyond more fun to drive and much safer for about twenty thousand dollars Less in my country now so who is going to buy the BMW ix3 over the model y or their ice versions for that matter that is even more expensive and even the used one that are still more expensive now than Tesla Model y BMW should be shaking in their boots but I don't even think they understand what is happening as they don't understand that some cars are already and soon everyone will become a smartphone on Wheels if not you were just making knockers blackberries motor rollers and I'm not part of the new kind of smart car Revolution so that is why I think this price cut is such a devastating step to the old guys especially someone like BMW which is still about known in nine percent bevs so 9 91 of their business will really start to drop off a cliff in 2023 and their EVS are not smartphones on Wheels when you wake up you'll step into an even better and more capable Tesla so soon customer will really start to realize how big a different there is between a Tesla and a BMW the Nokia against the iPhone and at the same time BMW wants to waste billions of dollars on hydrogen which at least someone like Volkswagen Mercedes Audi GM Ford is not doing and these hydrogen cars that they say they will come with will be even more expensive than the ice and the EVS that are already more expensive than a tester that will beat them on every single spec not good news for someone like BMW and if you want an EV now Tesla will be able to give you a model y here in Europe within two months and most other automakers have 6 to 12 month waiting list all here in my country you can't even order a Kia ev6 right now this sold out just that fact alone will make people shift over to a Tesla yeah everyone thought they were catching up to Tesla even though Tesla pulled further away in 2022 only byd was able to gain on Tesla units but now Tesla just changed the whole game making price Cuts so big that no one can follow them catching the industry of God and making the entire world talk about it sure cnbs and Yahoo finance will spin some negative stories on this but this doesn't matter there is hardly a soul in the entire world that right now does not know that Tesla has just made a huge discount on their cars and that is all without a single dollar spent on Advertising but if we also look at how many million views Tesla gets on Twitter in the us alone over the competition then we can see that Twitter is Tesla's secret advertising platform but not so much for the old automakers if the others want to follow and make some discount now they also have to spend millions of dollars on Advertising to make sure that people actually know about it but not Tesla the whole world already knows so just sit back relax and watch this play out I will bet you that even with the recession coming Tesla will have the best year ever both when it comes to unit sales but also how profitable Tesla will become and most people will wake up and see what is going on with all the profits coming from their storage business and software business and so on pushing up the stock to maybe even new highs here in 2023 because Tesla's rise will look even more scary as the old guys continue to fall even faster which will stand in very sharp contrast to Tesla's price whether Tesla is ever hugely successful or not I'll I'll always owe him a debt of gratitude for having kind of broken the ice and thank you for watching and until next time take care out there and be nice [Music] On Sun, Jan 22, 2023 at 1:18 PM Peri Hartman <pe...@kotatko.com> wrote: > Kindly summarize. At least for me, I will not spend the time to watch a > video. > Peri > > << Annoyed by leaf blowers ? https://quietcleanseattle.org/ >> > > ------ Original Message ------ > From: "(-Phil-)" <philp...@gmail.com> > To: "Electric Vehicle Discussion List" <ev@lists.evdl.org> > Cc: "Peri Hartman" <pe...@kotatko.com> > Sent: 22-Jan-23 13:16:12 > Subject: Re: [EVDL] Smaller is not really cheaper (was: Tesla slashes its > car prices as much as 20% to prop up sagging sales, where?s the $30K EV? A > Chevy Bolt?) > > This video explains something I hadn't considered about Tesla's strategy > on the price cuts: > https://youtu.be/7ufNDm9hNXU > > On Sun, Jan 22, 2023 at 7:32 AM Peri Hartman via EV <ev@lists.evdl.org> > wrote: > >> A heavier car will require a larger battery for an equivalent range, but >> I think that is over played. >> >> If you are concerned about city range, with lots of starts and stops, >> your battery range will be chewed up badly by a heavier car. But the >> real need for long range is freeway driving. And, there, if you drive >> reasonably carefully, acceleration and deceleration affect range >> minimally. The biggest factor is, of course, aero drag, where weight >> doesn't factor in at all. Rolling resistance does increase with weight, >> but I don't think it's increase plays a significant role. >> >> Another factor is the time spent driving the car. For city driving, >> speeds are slow and, yet, the HVAC system is consuming energy as well as >> all the other non traction activities. On the freeway, for the same >> amount of distance traveled, those non traction loads are cut >> dramatically, e.g. by a third if your average freeway speed is 60 mph >> and avg city 20. >> >> In other words, for a US consumer, EV range is all about the battery >> size, not about the vehicle weight. >> >> So, getting back to the cost of a luxury EV: here I'm just speculating >> and have no facts. Unlike an ICE car, the battery is by far the most >> expensive component of the car. An ICE vehicle has no comparable high >> cost element. So, to build an EV with adequate freeway range, at least >> for the US market, it takes a pretty expensive battery. That eats into >> profits. The best way to recoup those profits is to dress the car up and >> sell it as luxury. >> >> Someone posted that they question whether any of the traditional auto >> makers are making a profit on their EVs. If that's the case, imagine if >> they tried to sell a trimmed down EV with still an appealing amount of >> EV range. Financial disaster. >> >> As battery prices come down, the EV "economy" cars will appear. >> >> Peri >> >> << Annoyed by leaf blowers ? https://quietcleanseattle.org/ >> >> >> _______________________________________________ >> Address messages to ev@lists.evdl.org >> No other addresses in TO and CC fields >> HELP: http://www.evdl.org/help/ >> >> -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.evdl.org/private.cgi/ev-evdl.org/attachments/20230122/f8d55b3c/attachment.htm> _______________________________________________ Address messages to ev@lists.evdl.org No other addresses in TO and CC fields HELP: http://www.evdl.org/help/
