Tesla is leading the shift to electric vehicles and is not just a car company, but a convergence of technologies, making it a good time to invest in Tesla stock
Questions to inspire discussion
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Why is now a good time to invest in Tesla stock?
—Now is a good time to invest in Tesla stock because the company is leading the shift to electric vehicles and is not just a car company, but a convergence of technologies.
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What is the future of electric vehicle prices?
—The cost of electric vehicles is expected to be cut in half in the next five years due to Tesla's new manufacturing techniques and AI, with the average EV expected to be in the $20-25,000 range.
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How is Tesla impacting its competitors?
—Tesla and BYD are the only companies currently able to profitably market electric vehicles, forcing other OEMs to aggressively drop prices in order to compete.
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What is the current state of Tesla's autonomous driving technology?
—Tesla's v12.3 FSD is not fully autonomous yet, but it is making great progress and is closer to achieving full autonomy than anyone else.
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Why is Tesla considered a good investment compared to other companies?
—Despite a 60% drop in share price over 3 years, Tesla's net income increased by 1600%, selling for 35 price to earnings, making it a better investment than Nvidia.
Key Insights
- 🚗 The cost of an average electric vehicle is expected to be cut in half within the next five years, with Tesla's new manufacturing techniques and AI playing a big role in this.
- 🌍 Interest rate changes in the US will have a global impact, affecting consumer spending worldwide.
- 🚗 The concept of average EVs being in the $20-25,000 range while gas-powered cars remain at their current price raises interesting questions about the future of the automotive industry.
- 🚗 "We believe in 5 years 75% to 85% of all sales will be electric because people would much prefer to have a vehicle that breaks down less, easier to maintain, cheaper to run, and drives a lot better than an ice vehicle."
- 🚗 Tesla is not just a car company, it epitomizes the convergence among technologies including FSD, robotics, robo taxi fleet, energy business, and infrastructure of superchargers.
- 🌐 Tesla is not only one of the best software, AI, and robotics companies, but also one of the best manufacturers in the world.
- 🚗 "Tesla is getting way way closer to achieving full autonomy and they're running at the fastest pace than anybody else with the amount of Miles they're creating with the amount of compute they're generating."
#Tesla
Clips
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00:00 🚀 Despite positive economic stats, Tesla and other companies are under pressure, but Tesla is cutting prices to offset weakness and is expected to benefit from competition pausing, with the cost of electric vehicles set to be cut in half in the next five years due to new manufacturing techniques and AI.
- Kathy Wood's comments on CNBC suggest that despite positive economic statistics, many companies, including Tesla, are under pressure and may not be as valuable in the future as they are now.
- Tesla is cutting prices to offset economic weakness, while competition from GM and Ford taking a pause is seen as a positive for Tesla, and the cost of electric vehicles is expected to be cut in half in the next five years due to Tesla's new manufacturing techniques and AI.
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01:47 💡 US consumers are under pressure due to high interest rates, but this will change when interest rates drop later in the year, leading to more money to spend on retail and vehicles globally.
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02:51 🚗 Kathy Wood discusses the need for electric vehicle prices to drop to match internal combustion engine vehicles, with Tesla and BYD currently the only companies able to profitably market EVs.
- Kathy Wood discusses the need for electric vehicle prices to drop to match those of internal combustion engine vehicles, with the average EV expected to be in the $20-25,000 range.
- Tesla and BYD are the only companies currently able to profitably market electric vehicles, forcing other OEMs to aggressively drop prices in order to compete.
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04:36 🚀 Tesla is leading the shift to electric vehicles as the future of autos, making it a good time to invest in Tesla stock.
- Tesla's competitors are in trouble and are trying to convince consumers that hybrids are better than electric cars, but Tesla is pushing for a narrative change.
- Autos in the future will be electric, with an estimated 80% of sales being electric vehicles by 2030, and now is the right time to buy Tesla stock.
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06:38 💡 Tesla is not just a car company, but a convergence of technologies including FSD, robotics, robo taxi network, and energy business, with the potential for a humanoid robot in the future.
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08:03 🚀 Tesla is a top software, AI, and robotics company, with stock at a discount and a big opportunity for retail investors.
- Tesla is not only one of the best software, AI, and robotics companies in the world, but also one of the best manufacturers, making it the biggest AI project in the world.
- Tesla stock is currently at a discount similar to 2018, but many retail investors are missing out on the opportunity to buy at a lower price.
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09:48 🚀 Tesla's FSD is making great progress towards full autonomy, despite a drop in share price, the company's net income has increased by 1600% and is seen as a better investment than Nvidia.
- Tesla's v12.3 FSD is not fully autonomous yet, but it is making great progress and is closer to achieving full autonomy than anyone else.
- Company's share price dropped 60% over 3 years, net income increased by 1600%, selling for 35 price to earnings, and the speaker believes it's a better investment than Nvidia.
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2024-04-05T07:40:38Z
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