Chinese Billionaire Tried To Take On Tesla, Lost EVERYTHING

[@8beazy]

That Tech Crunch interview was DOPE as hell!! Asking legit questions has become a lost art!

[@Talleyhoooo]

Yeah, he handled that interview extremely well, no punches were he’d back

[@ruanof7]

I got drunk hearing how many Billions of Dollars he has burn through !

[@gorilladisco9108]

Marx : Let's seize the means of production!

[@gerhardmeyer5801]

😁😁😁😂😂

[@rawross2.0]

Dude went all the way in for his dreams respect.

[@leemcmullan]

he copied someone.. no dreams here.

[@leemcmullan]

@Nandor Meszaros I love you

[@gwco.8227]

He should of at least build the darn car bro.

[@marsbar7099]

Respectable but stupid

[@SkyReaperOne]

@Nandor Meszaros What's both funny and sad, is that by the time this company manages to take off, it's likely that their products will be severely outdated.

[@adit369]

If a rocket guy says manufacturing is hard then it means it is really really hard.

[@pcmdanny2]

it should be "mass production" !

[@thetruedarkprince]

A successful rocket guy at that. No casualties. But auto-manufacturing keeps him up at night.

[@kiranrana5108]

Yess boy ..Elon can make a ev car at 1000 $ too. At todays date

[@enlasrocks]

And To think that Musk started space x and Tesla with less capital

[@alejandrodejesusrodriguezq4880]

@@kiranrana5108 if this real o true , Who can compite with musk ??

[@islts]

Debt ruled society... Its crazy how you can still get funding round in round out after failing each time...

[@johnl.7754]

He got new investors not new loans each time. Big difference

[@islts]

@@johnl.7754 In other circumstances, that difference might be relevant... On large projects each investor will scrutinise your paperwork/Project history... All I am saying is that this method of work generates a hell lot of waste (other SUCCESSFUL projects struggle to get funding) and unlawful enrichment which is a staple of American economy. The business of debt

[@nagasreenu926]

I think Xinping is backing this guy secretly 😂😂😂

[@neku2741]

are we talking about elon or the chinese guy?

[@MoreFormosa]

there are always enough gamblers thinking the payoff is just around the corner

[@johns6176]

That Tech Crunch interviewer shredded him on the unveiling.

[@yashgulave8366]

I think the reason all these ev startups fail at ramping up production is because instead of going the Tesla route, that is manufacturing a low volume high margin vehicle first, these startups directly try to make mass market vehicles, which becomes extremely difficult, even impossible, as they have no experience in ramping up production for their newly launched products.

[@lennon_richardson]

This has nothing to do with Elon. This dude messed up all on his own.

[@demonvictim]

As soon as they said he then moved to California I knew he was fucked.

[@YosuaNangin]

But the title wont be as interesting lol

[@lennon_richardson]

@@YosuaNangin personally I hate clickbait. I’ll never support a channel that uses this deceitful practice.

[@oneviwatara9384]

Have you ever tried to build a company from the ground up?

[@oneviwatara9384]

@@demonvictim Tesla got it money from the US government and some and almost went bankrupt.

[@AlexTenThousand]

This goes to show, I guess, that working with pre-established technology and having to come up with the tech yourself are two immensely different endeavours, and one needs to be prepared to face a lot more hardships when building everything from scratch.

[@Prefix1998]

The guy actually tried to make good on his word of making a marketable electric car, that's actually respectable compared to the hundreds of other companies using false promises to scam people.

[@mitchtherighteous]

he made a knockoff of tesla the name is literally just another electrical pioneer, also if anyone thinks he is getting back into the chinese market after being blacklisted, they better take a cold shower.

[@kot1332]

@@mitchtherighteous I’m

[@RudiJock]

Trevor Milton!

[@thetruedarkprince]

It's interesting how some companies can fail perpetually and continue to be funded while entire types of people can't get funding for their successful work.

[@demonvictim]

The thing is for this case it was the 19 billion in sales if they get the car out of the lot guarentee. Think of it like pre-ordering a game if you already got 1 million of pre orders at about 20 dollars each it is easy to secure at least 3 million dollars to finish it

[@OffGridInvestor]

It's CRAZY. Look at that Wework guy Adam Neumann treating the company like his personal piggy bank, borderline embezzlement, SCREWING his own company by basically front running everything that his company leased, made an ABSOLUTE MESS of it and ut went from being wirth like 40 BILLION to 10 million, but HE STILL WALKED OUT, even after essentially doing illegal stuff like embezzlement with NO JAIL and A BILLION DOLLARS for himself!!! Fast forward to recently and he's basically got $350 million from a fund to do version 2.0 of WeLive which ALSO flopped when Wework did as it was a part of it. But SAME THING AGAIN funded by a guy with a small black hat. And Adam apparently wears one too. I have heard theories that a lot of these kinds of crazy things are associated with what kinda hat you wear.

[@lenard6910]

Winners and losers are chosen.

[@DJcyberslash]

Facts brother.. it's just ridiculous.

[@pauldacus4590]

Dang, early Sunday morning! Good job dude.

[@tanner882]

Musk is backed by the US Government

[@DRawwrrr]

@@tanner882 would have been interesting to see what'd happen if ff was supported by the Chinese govt

[@ThePhinista]

@@tanner882 no, the us government is backed by musk

[@augustingoh8065]

There's difference between real R&D and just copying.

[@jonjeskie5234]

Apparently not where China is concerned 🤷🏾‍♂️

[@luisvilla799]

@@jonjeskie5234 yeah that's why they want ownership of IP lol

[@annieroberts1204]

STEALING you mean. Stealing.

[@parnamsaini4751]

@@annieroberts1204 CCP= Copy, Cut, Paste

[@tristandesuys876]

He couldn't even copy it well

[@amorosogombe9650]

You know, I think it's always good to just stick to one business that you are good at instead of trying to be all things to all people.

[@fanchiuho1]

5:30 He's always just about that hype rather than building the thing. I feel like the bankruptcy of LeTV and LeShi is already an indication of that early on. Especially if you're into the Chinese stock market at any length. This is how Chinese tech startups work - Overhype, underdeliver, default, and if possible, ask the Chinese government for a pick-me-up so he can be pumped rich. Regular Chinese people ate this shit up like them juicy made-in-homeland cool-aid they've always been drinking that strokes their nationalist egos.

[@lombardo141]

Those TSLA executives that left are kicking themselves right now. 😂

[@LannisterFromDaRock]

Our counting their $$$...

[@Ken-nv2hl]

And people brag that Elon has done nothing and the ev market is easy. BS! he has ultimate responsibility for the success of his vehicles that involves knowing when an engineer is full of BS wasting your time and money.

[@lombardo141]

@@Ken-nv2hl I just hope to God Elon grows up and cancels his Twitter account. I feel the more he speaks the more he hurts his stock.

[@trinsit]

@@LannisterFromDaRock yup, the reason Elon didn't do anything to keep them.

[@VladiVasilev]

@@Ken-nv2hl The EV market is not easy and Elon has done a lot... of marketing. And that's it. The rest is the US govt.

[@alexleung842]

This story hurts to listen to. I feel bad for YT. He legimately tried hard and lost everything.

[@dj-rocketman8545]

Seems like you know nothing. This video knows nothing either.

[@northernwing]

The Chinese billionaire forgot that their quality and reliability reputation proceeds well everywhere.

[@ksli57]

I dont think you ever owned a Tesla. Any big three American junks' quality are way better then Tesla!

[@NJTDover]

@@ksli57 it is "than" not "then", dummy.

[@aoh4905]

Yes that's what we thought until everyone started buying Chinese phones for some reason. A lot can happen in 5-10 years from now. I don't like the Chinese and don't want them to be successful because how unfair their market is compared to the rest of the free world but most people like Chinese phones over Apple now globally. Xiaomi even took the #1 spot over Samsung in phone sales but Xiaomi sells their phones for too cheap and barely profit.

[@whatepher1996]

@@aoh4905 I don't think so chinese phones may not profit much from their sales but just check out their phones.. they gain much through so many ads which is super annoying and eats up mobile data as well

[@redditmemes8775]

2:15 I think faraday invented the Electromagnetic rotation (electric motor).?

[@AKGuerilla]

Faraday invented a bunch of stuff.

[@indidesitourer585]

Government should have atleast asked him to show a working model before building rail lines, subsidies, free land etc etc

[@usayeed727]

This is why gimmicky products tend to fail in disruptive industries. Their biggest problem is that they didn't do what Tesla did- stick to First Principles and build thereupon!

[@evanh9301]

he did not try to build anything in the first place, it was his fraudulent gimmick to steal investors and banks' money

[@tanner882]

Or products not backed by the Government

[@mintywebb]

LOL

[@odoroussmegma2191]

You a billionaire? Nah I didn't think so.

[@johnnybravo5962]

@@odoroussmegma2191 Neither is the founder of Faraday LOL

[@ANTDZLVIZION]

You can tell the president of the company's mind went blank after being asked about the production car vs. The concept car. Haha!!!

[@jonathan2714]

Warren Buffett once said "if you don't find a way to make money while you sleep, you will work until you die'.

[@jpnphom5470]

When you’re somebody you could almost say anything..If you don’t find food now you won’t be eating tomorrow...but I’m nobody...

[@quadlegsxxxxx]

Huh

[@MoreFormosa]

@@jpnphom5470 hah!

[@MoreFormosa]

Warren Buffet supports Biden, Biden canceled Keystone XL immediately upon taking office. #1 revenue generator for Buffet's railroad... shipping oil that will end up going thru Keystone once it's completed

[@TESkyrimizer]

Nikola. Faraday. And Elizabeth Holmes' Edison. I guess from now on naming your company/product after any historical scientist is gonna be a huge red flag.

[@car9167]

And more recently Einstein, Bohr Feinman

[@javidfarhan1675]

So Tesla is not named after a very famous historical scientist.

[@SpeakerKevin]

@@javidfarhan1675 They are all trying to copy Tesla and failing.

[@leonrobinson8180]

Actually Faraday was pretty legit. All the ingredients for success were there. Yueting was just overleveraged.

[@RetryOfHealGuy]

@@javidfarhan1675 Tesla's financials were bad for a good while until Elon covered for them.

[@johnnyathanasiadis7884]

you got to give it to this guy. i think his biggest talent would be to be able to find investors.

[@apollo_1238]

It would by better if he used his money to invest Tesla. He would have 10x without doing any work. Instead he got burned by his ego.

[@rawross2.0]

Right lol

[@private464]

EXACTLY

[@empathytobacco2008]

I mean nothing's wrong with it, Faraday was part of a huge wave of EV fanfare back in 2015-16. They contributed to the EV industry and as an emerging initiative every single party counts. Doesn't matter whether they succeed or not they've all put money, energy and time to go for the same goal. Even though they weren't able to contribute on terms of innovation and fleet quantity at the very least they were a great drum beater and a very important case study for the public, especially for new entrants to avoid the same fate.

[@howluk2901]

We call that a rent seeker

[@Dhirallin]

so he should have free loaded instead of trying to do something meaningful.

[@Samuel-ym7ls]

Hell to the "No" Not paying $180+K for that thing, hard no.

[@dethangelishere394]

yep. i would rather buy a Tesla if i were gonna buy an EV. they have been around the longest, and they have done Shittons more research than any of those startups.

[@demonvictim]

They actually could've went the Ferrari route making it a more luxury version of a tesla.

[@jeffw8218]

Yup, that’s supercar territory.

[@ferrocone]

Bro much respect im watching all of your old videos and i can tell its back when you first started judging by the mic quality lol

[@TBISYTC]

There's nothing like throwing away money, especially when it's not yours.

[@TheVineOfChristLives]

You can patent a great idea and get enough money to get behind you for it, it’s another completely different thing to get the engineering right to actually build it. Credibility in this game needs to come with proof of technology and scalability.

[@benson8310]

when you are small business person you kind off think the big guys like this would avoid the common mistakes that lead to business failure but i really don't know why they keep failing for obvious reasons.

[@OffGridInvestor]

Oh you REALLY REALLY haven't worked with Chinese managers. They see NO VALUE in processes and systems, change direction and priorities SOMETIMES DAILY, it's yes one day and no tomorrow. Their ONLY interest is cutting costs and cutting corners and delaying payments or just not paying. Otherwise they're biggest worry is how to get out of warranties and refunds or get paid before it goes bad. Everything they get is too flimsy or not big enough to do the job, tools included. Everything is helter-skelter and false promises are happening constantly.

[@prhasn]

Lesson: if you do not want to learn engineering (not an engineer) do not start an engineering venture. New product engineering requires hands-on technical experience and has a high risk of failure because of capital requirements.

[@leihtory7423]

Elon Musk is not an engineer btw.

[@TheManinBlack9054]

@@leihtory7423 but Elon Musk is a genius

[@peach7469]

@@leihtory7423 MOst of the engineering work was done before Elon rose to the rank of CEO.

[@treg9492]

Too ambitious product at the time. Should've started a basic affordable product, outsource as much production as possible, build the technology around the product with constant ota improvements, charging stations, battery tech etc.

[@Talleyhoooo]

He just copied everything Elon did and expected the same results, there wasn’t a plan at all. This is pretty much every Chinese CEO who doesn’t get how to run a company. Getting rich from manufacturing isn’t the same as successfully creating an innovative product. You actually have to think about what you’re doing, not look at who to copy.

[@Crystal_Moon248]

This is an example of too much self confidence. The LeEco conglomerate and the middle class investors had a very good reason to get mad at YT.

[@michahalczuk9071]

Fun fact, I have owned 3 LeEco phones myself :D First company to have USB-C port. First company to remove jack. First company to sell phones that were not released.

[@TheCarpenterUnion]

... First company to sell phones that were not released...? What?

[@michahalczuk9071]

@@TheCarpenterUnion You can buy LeEco Le Pro 3 and Le Max 3 quite easily, or at least you could a while ago, and these were *never* released officially. Workers just started selling them in raw state, with quite unstable ROMs in few cases.

[@melzz]

When the narator said he move to california, by then i already knew why he go bankrupt 🤣

[@FrenchTutorials]

Yet the richest companies in the world are in California

[@melzz]

@@FrenchTutorials a lot of them move to Texas currently

[@FrenchTutorials]

Companies have locations everywhere. Very few of them have actually moved their headquarters to Texas. Even tesla is still headquartered in California. It's only Elon musk who moved there. Moving to TX has its advantages but the California is still the place to be if you are a tech company wanting to hit big.

[@bla3kthunder651]

Should've stayed in China

[@2002honda954]

Great video, great job with all the citations. Thank You.

[@RiseUp_Again]

YT is a brave man who risked his fortune to make a car company, he just did not get right kind of people with right intentions.

[@leedaneil4997]

Nah. Just pure ego

[@jallen1227]

He had the right people and intentions were aligned, YT just had no idea how to do it.

[@hollowmstr]

What a sad story, I think he thought that if Elon can do it, so can he. I remember Tesla almost ran out of cash at one point as well.

[@borisquince6302]

One point LoL 😂 more like 💯

[@dansands8140]

Difference is Tesla almost ran out of money with short sellers, big auto, and big oil constantly trying to kill it.

[@wlhgmk]

He didn't look at the market. There was, and to some extent still is, a market for a simple, very well engineered, low priced electric car. The market would have been huge. Price is the main barrier still to the uptake of electric cars. If he would have made it very easily repairable by a home mechanic of modest ability that would have given it a further boost. And it would have to have easily available replacement batteries, incorporating the latest technology and a package to adapt the old batteries to home use. But he wanted flash and all the bells and whistles. His Hubris sunk him.

[@gorilladisco9108]

He did get more than 60,000 order though, so the market does exist. 60,000 was a big number, because that's more than Tesla's total sale since its founding until that time. I think his failure was he marketed it too early while the product itself is not even ready. He also spent too much on building factory, again while the product is not even ready. He's basically putting his horse before his cart.

[@medes5597]

Honestly the main difference between Elon and this guy was that Elon was first and bought in on an existing company that already had something out, and that gave him a better position. Elon was lucky and was so early he didnt have competitors.

[@trinsit]

I was really hoping they'd succeed just because I liked their name, but they still need to bring something to market.

[@mukamuka0]

It's really hard to make a successful major car company. There's a reasons Tesla is the first to success in the last 90 years.

[@TheFirebird123456]

In the US. There have been more recent ones globally, such as hyundai, Kia and Honda.

[@chineduogboh4594]

Good stuff man

[@clalhmangaiha3882]

Seems most of the production capitals are used up on CGI😂😂

[@robot8672]

he just feed america

[@Mr--_--M]

Homeboy straight up sacrificed his wife though🤣The betrayal 😭

[@grantguy8933]

Trevor did his intern at FF a few years ago.

[@bibiayube677]

What the hell

[@accessiblenow]

This guy was not an engineer/scientist at heart like Elon which makes a big difference.

[@siamhossain1479]

Yea no I think the EV hype will help faraday stay afloat for some time however I think even if it starts production it will need a hefty amount of funding it’s already restructured its debt. Now if they receive funding and are able to hire more people and produce their product. If that product has good quality than maybe. But considering how things went so far I don’t think this venture will succeed unfortunately.

[@FrancisOkpala33]

He saw it and went for it like a lion... He is brave

[@tedchou12]

his risk seeking is admirable

[@sicZ32]

I thought the same. It sucks it didn't work out for him.

[@celdur4635]

I don't want to live in a timeline where 50 or 100 years from now, FF is the big dog and Tesla is history.

[@Ultradude604]

Something tells me you will never have to worry about that one.

[@celdur4635]

@@Ultradude604 You never know, many times history has tumbled. Imagine Elon dies tomorrow, the heirs mismanage the company, they can't get more funding and it goes bankrupt, Elon's presence is that important. Then the other companies scavange for talent now free from Tesla and FF becomes the new Tesla.

[@tigranohanyan3321]

@@celdur4635 Talk is cheap. I wish I were a president of USA. LOL

[@R53Hole]

@@celdur4635 Imagine Elon mismanages the company, they can't get more funding and it goes bankrupt, Elon's presence is that important.

[@gorilladisco9108]

Why? Isn't it an American Dream?

[@AB-sy4gx]

Went all in. I respect him for that.

[@prhasn]

This is great when you know what you are doing, but clearly, he did not.

[@seasong7655]

6:31 It's an expensive car, and does the same things Tesla already did. If he's from China, he should have produced the cars there as well. This way he could've beaten Tesla's price.

[@idagonchannel5681]

FYI: FF founder had restored his financing issue and get himself back at FF again.

[@noneofyourbizness]

March 2023 This project's unfortunate, and rather tragic failure does , on the other hand, highlight the enormity of Musk's achievements with Tesla in the very same space. Helps layman like me begin to appreciate how incredibly difficult it must be to A) persuade the top engineers from the relative fields to join your innovative though unproven project/firm. B) get the best out of them all, for year after year, while simultaneously directing the enormous and highly complex project itself , all within tight time/budget constraints.

[@user-uf2pe8li5s]

Anyone notice that the interior and exterior are very similar to the Lucid motor vehicle 🤔

[@scaredfolks5923]

Haha TechCrunch dude was ruthless. That’s someone’s baby for sure haha. Savage.

[@Countcho]

His problem is trying to copy and outdo elon at his own game. By the time his 180k model s competitor is ready, tesla will have a 40k pickup truck

[@blastum]

FF is highly reminiscent of Nikola, though a bit more subtle. Remember the time where the car was supposed to drive itself off the stage, and it turned out that somebody was driving it? Also Nick Sampson reminds me of the guy who was the CEO of Lordstown until he wasn't.

[@tappmancollective2483]

This story was a little sad but I won’t be putting money on PSAC.

[@henta.i.3838]

I believe that instead of claiming to the -insert product name- killer, it's better to strive to become the alternative.

[@aro-rat]

Well said... If anyone says they have a flagship killer, stay away from them.

[@tomonaut]

Sad to see. Tried and failed, nothing to be ashamed of.

[@socialmafioso7109]

I remember following this story on jalopnik. It was jokes all around

[@iyizjewelsisley3821]

This guy is a fighter 💪like me love it dream big and work smart and hard.

[@tvviewer4500]

Michael Faraday is credited with way more than that...

[@nanky432]

When software gets kicked in the face by electrical and mechanical engineering...

[@xr.spedtech]

Yeah, it's why I want to learn mechanical and electrical engineering in the future

[@gorilladisco9108]

Elon Musk was from software business too. Jia Yue Ting used to have electric bike and smartphone business. So he had experience in electrical and mechanical.

[@mp3lwgm]

Elon knows the Laws of Newton, Maxwell, and Einstein, and is also a First Principles Thinker. That’s hard to beat.

[@TheCarpenterUnion]

Elon doesn't know any of Maxwell. He's a businessman and marketer, not an engineer. Get off his D

[@alchemi5150]

He is man enough to fulfill his dreams, his future despite win or lose. Get up and make it work!

[@Flyingmachines350]

Keep trying! It’s not easy to compete at the top level, it is always a gamble. Kudos to the guy on taking on the gamble where many would have just invested their money to make more money. He invested in an idea to compete. He won in my opinion.

[@adamfarrell9369]

Man I would not be comfortable owing $3.6 Billion to China….

[@christophermartin972]

When you come @ the king, you best not miss....

[@Fuzzle1985]

China can't even make a ICE car competitive with luxury brands. How the hell do you expect it to make a luxury electric vehicle on par with Tesla? China still needs to work on the quality of many of its products

[@parnamsaini4751]

Hopefully he does not blame Donald Trump🤣

[@mindurownbusiness9846]

I don't think I need to look at the actual product. Just telling me a Chinese guy trying to go against Tesla is enough for me not to invest in it. Hahahaha.

[@krunaljrana]

Lesso here is , You can’t win big if you never started with Smaller.

[@dreamer4765]

That is where you are wrong. Honestly I don't think that you have any idea what really actually happened to me? Or maybe you do? Very Sad ☮️

[@bdgstudio1626]

I see light here and I will love to invest on this company.

[@Roy-ig2ue]

But to be fair, Tesla was also not making profit for a long time

[@Externalminds]

He should just bout bunch of tesla stocks back in 2014.

[@leonleon2021]

😂 🤣 You fucking right! If he bought TSLA stock back in 2014, he probably is trillionair now

[@crescentprincekronos2518]

To be honest everyone had until the end of 2019 to invest in tesla. From 2020 on, their stock really took off.

[@lee8287]

I sold all my TSLA stock in December 2020 so we could make a cash offer on some land. I sincerely hope I don’t regret it.

[@crescentprincekronos2518]

@@lee8287 they're severely overvalued, you did the right thing. Righteous profit! 😎👍

[@lee8287]

@@crescentprincekronos2518 Now I need NIO to do the same thing.

[@appii1234]

God bless him with all the success...

[@DougForce]

Interesting, informative!

[@shuaib2281]

This is what you call over promising and under delivering.

[@sultanmehmoodghaznavi6312]

4:17 its a nice damn looking car!

[@theorangekindle4565]

They can compete, but taking "even not him" out, is a different story. They can compete, who says they can't?

[@truth.speaker]

This wasn't Tesla who took him down. It was terrible planning. I don't know why he didn't start small. He could have just created a very small, modest company like how Tesla was started

[@ik2254]

It's survivors bias: the dude thought that he is exceptional, because he managed to become a multi-billionaire. He thought that he will succeed in anything. Just like a gambler, who wins 10k bucks from a 150$ thinks that why not to make it a 100 grand and looses everything.

[@JB-yb4wn]

@@ik2254 Well said! Many narcissists have sunk many a large company on egos alone.

[@sicZ32]

100% i thought the same thing. He could have started out very small. Could have easily said "looking to have a completely working, safe, operational vehicle by 2021 (as in just 1, perfect vehicle)", and spent the next 5-6 years working on his craft to prove his idea and then for sure secure funding. He'd still have everything instead of "1 trillion cars in 2 years." Feelsbad. He could have been the first "Nio"

[@truth.speaker]

@@sicZ32 true, true If he just invests 1% of his net worth in the car business per year it would be safe

[@ik2254]

@@JB-yb4wn it's not narcissistic, but rather a problem of wishful thinking. They don't understand that different businesses require different approach. And think that it's not the right decision at the right time, that made them successful, but rather their approach and personality. Market doesn't care how cool you are. The only policy is: good decisions are rewarded, bad are punished. The difference between them, and Elon, for example, is that Elon always said, that he expected SpaceX and Tesla to fail. He understood the odds and his role as a pathfinder in these new ventures. The case with Nicola and this Chinese guy is that they thought: "Oh, I were so successful before. I should do this electric car thing - it's a new trend and there is a lot of money to be made there. Plus, Elon already was first, I won't make mistakes as he did, so it'd be alright"

[@awesomepanda4053]

Faraday Future somehow been played out by these Highly Paid Executive... a good lesson to learn

[@CommodoreFloopjack78]

This guy should get together with the Nikola Motors guy. Between the two of them, they could build the most advanced facilities for the production of the Power Wheels kids' cars.

[@muskreality]

Never reinvent the wheel it won't spin right just make it even more smooth

[@jamescobrien]

Just a tip: Tesla R&D in Nova Scotia is their battery research and development center. It just so happens a new kid on Nasdaq just last week is in the same building. It's called Metamaterials, Inc. MMAT and have advanced nanotechnology to alter light from any direction, to full power light. They haven't announced it yet, but in my opinion it's self evident.

[@WoolfJ35]

I really hope they can delivery

[@hyperrabbit1710]

To think, people had a decent job at Tesla and gave it up for this...lol

[@NN-zi8mf]

Ikr its sad

[@utonjohnson9274]

I hope he hasn't given up continue and one day he'll rebounde

[@richardike2342]

I knew about Faraday Future from their beginning. I was hoping that project would take-off, because they had what seemed like a great, and beautiful product. However, as l have said in the past, never claim to be a TESLA KILLER, it doesn't end well. People have a fanatic love for Tesla, and they don't like to hear you want to kill something they love. And on that note, it would be much better if these new companies entered the market as complimenting Tesla (the Godfather of the electric Car movement), rather than competing with it. After all, Tesla is willing to share its technologies with other companies. But they all seem to be too proud to take Tesla's offer. Next point. Sooner or later, people in business will realize that having money available does not equal success in a project. This is quite often the norm in technology, the idea that if you pour money into a project, it will succeed. All that excess money does is create an atmosphere where the experts will be forever stuck in analysis paralysis, within a snail-pace project. This is the difference between Elon Musk's fantastic SpaceX, and Jeff Bezos' useless Blue Origin.

[@videospride8439]

U r absolutely correct

[@kakarott5243]

The facts of which many businessmen have fail to see and make other alternative ideas within their idea which led to unnecessary downfall of their company, hiring people of higher position with higher pay yet doesn't show any form of reliable productive result instead just providing him or her with craps of nonsense in words and paperwork as with the same time doesn't share the similar ideal to his goal and dream.

[@conniesaunders17]

Thanks. I like investing in the future but I’m going to pass on this one.

[@josephgonzales1815]

Classic case of massive cost overruns and undercapitalization Design excellence is key, not just adequate financing Bad product and the company will never recover

[@Kai-ic4mp]

I just feel like some people are watching news from a different dimension. Lol.

[@jamesj.7750]

wait, so it's more difficult to deliver on your word, than it is to speak it!? no way! 🤦‍♂️

[@nowwhat7181]

Wall Street Millennial never heard of Lucid Motors

[@NMB117]

Elon musk: Nice car. Ok now you try. Chinese billionaire: Rice car.

[@abuferasabdullah]

Great Episode as always. 👍🏼 Just loosen your accent buddy

[@sakiisenpai1774]

YT : You took everything from me! Elon : I don't even know who you are.