Former Tesla president: Company is pivoting to autonomy 'because their core business is weak'

Jon McNeill, DVx Ventures CEO and former Tesla president, joins 'Squawk Box' to discuss Tesla' quarterly earnings results, the company's demand struggles, production of new affordable EV models by early 2025, Elon Musk's robotaxi and autonomous vehicle ambitions, EV market outlook, and more.

[@chloeanderson543]

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[@darrenphilip247]

You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.

[@leedavis3639]

@@darrenphilip247 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.

[@finleysterling562]

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

[@chloeanderson543]

@@finleysterling562 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor

[@finleysterling562]

Ethan Grayson is one of the finest portfolio managers in the field. He's widely recognized; look him up.

[@thesadboxman]

Jon McNeill is also a board member of General Motors so he's talking his book. CNBC should have disclosed that. Of course he's going to say that "competition is coming". But when you look at the actual BEV numbers from GM, it pales in comparisons to any other car that Tesla sells. Tesla's core business is far from weak. The macroeconomic situation is globally bad for all automakers in Q1. GM was down -16% QoQ. Tesla was down -20% QoQ as a result of supply chain issues, transportation issues, and forced factory shutdowns. Even if you looked at those as excuses, Tesla did not perform significantly different from GM in Q1. It's also laughable that he says there's 2 driverless cars out there. No sir there's only Waymo. Cruise has yet to resume robotaxi services after they hit a pedestrian and dragged them down the road in SF.

[@2011hwalker]

But competition IS coming. Porsche Taycan is objectively a more beautiful desirable object than the dated looking S. There are many low cost EV models coming to market from other manufacturers. Tesla is the clear leader in software but their hardware/design/build quality isn't clearly better.

[@thesadboxman]

@@2011hwalker 😂 Porsche has been "coming" for Tesla for years. Still hasn't happened yet and will never happen. Even if Porsche gains more success, it doesn't take away from Tesla. It should be obvious that the auto industry is not a winner take all market. Saying something is objectively beautiful is just ridiculous. Beauty is in the eye of the beholder. Where are these low cost EVs today? Those have also supposedly been coming for years. Even if they do come, it's unlikely that that company can remain profitable selling at the lower cost. Nobody besides Tesla and BYD have made profit per car. And BYD barely makes a profit at all. You can argue design, but there's a reason why Chinese autos keep copying how Tesla builds hardware and manufactures its products. The Chinese only like copying the leader in an industry. Lastly, the Model Y was the best selling vehicle (ICE/EV) in the world last year. I don't know what better standard there is for determining better software/hardware/design/build.

[@WIZ1313]

they did disclose it in the graphics

[@Funktastico]

@@thesadboxman Mercedes-Benz becomes first automaker to sell Level 3 autonomous vehicles in the US. Mercedes-Benz beats Tesla to selling Level 3 autonomous cars in the U.S.

[@thesadboxman]

@@Funktastico 😂have you actually tried it? If you did you'd know it was severely restricted. Anyone could make a L3 autonomous system if they include enough restrictions. Since I'm guessing you haven't actually tried it, here's a list of its limitations: • It only works on 0.2% of roads, and can only be used on highways • The car can only travel 40mph or slower • Can only be used at temps above 40°F • You can't be the only car on the road • The weather must be good (no rain) • Must be daytime • No construction zones Tesla FSD's limitation is that the driver must be attentive with their hand on the wheel. It will work at least 95% of the miles driven. Some FSD users don't have to intervene 99% of miles driven. It does not have any of the Mercedes L3 restrictions listed above. If you're interested in the actual truth and do yourself a favor and try both, then make a judgement about which is better and actually more useful.

[@zeecee9479]

The Model Y is literally the best selling 'Car'. Quit making up FUD fake news

[@Skank_and_Gutterboy]

That is literally a lie.

[@brucesillince2202]

So GM are going to overtake Tesla in EV. No chance.

[@pinoyrunningpenguin]

GM is a Chinese company so they can make better and more affordable EV's

[@brucesillince2202]

@@pinoyrunningpenguin I can just see Americans all scrambling to buy the Wuling Mini😂

[@pinoyrunningpenguin]

@@brucesillince2202 of course if it’s priced less than a Toyota Corolla why not ? 99% of car use by Americans only goes to and from work and going to Walmart and it’s mostly just 20 minute drive in town

[@josephmorneau1856]

Wow that really was a clown show.

[@notsecure]

People are not buying EVs because they are waiting for NACS (Tesla plugs) to be installed.

[@lsl3697]

This 🤡 sits on the Board of GM..What did u expect him to say? ICE manufacturers are doomed 😂

[@brandonderrick006]

@GoldTau-km9dmlol great take GM will win you are sharp 😂

[@matlenaghan7488]

​@GoldTau-km9dm They have been given nothing and are taking everything.

[@markplott4820]

the BEST board , is no Board in the First place.

[@joebloe1401]

this guy is a complete idiot

[@user-kg1od9es5d]

@GoldTau-km9dm Uber has no choice but to - once Tesla figures out robo-taxies its game over for Uber. Get ready to short it.

[@derickkrotz3721]

Ok, saying you’re 95% done but the last %5 will be as much effort as the first %95 percent is the same as saying you’re only %50 done.

[@mckenleymason1212]

Yes. And that should be completed in 3 or so years

[@PeterSedesse]

It makes sense because robotaxis need to be 100%. Getting a Robotaxi to get you safely to your destination 97% of the time is not good enough, and clearing up those 3% of problems is going to take just as long as getting to 97%. For instance, they are still horrible at yielding to emergency vehicles. That may only happen a few times a year, but it is catastrophic when it does.. and fixing it is insanely complicated.

[@ChiefKene]

@@PeterSedesselol you repeated exactly what OP said but with way more words

[@Indielancer]

@derickkrotz3721 he is right, in manufacturing, increasing the last percentages of quality (95% to 96%) is exponentially harder than reducing defects from 30% to 20%. He is just describing the law of diminishing returns.

[@larryo6874]

We’ve been hearing level 5 Teslas for years now but Tesla FSD is level 2 while others at level 4. What gives?

[@veizagajp]

How does this CEO or TESLA president not know that Chevy bolt has been discontinued and all you can get now is 2023 bolts for around $20,000 with 15,000 miles on them.

[@veizagajp]

Guest looks like he had gin and juice for bfast

[@Miliblock]

😂

[@davab]

YEA BECAUSE HE IS LYING OBVIOUSLY

[@joebloe1401]

this guy is a complete idiot

[@bassambaroudi4379]

Where did you find this guy? It’s clear 3:48 that both of you hate Tesla. 3:48

[@rpersaud562]

you can always tell if CNBC is doing a favorable piece on Tesla if they use a picture of Elon where he is skinny instead of fat and old.

[@kristinn3367]

I never noticed that, but you’re right!

[@joebloe1401]

this guy is a complete idiot

[@alexedens1]

My Model 3 has been driving me around for hundreds of miles the last few weeks, both city and highway. Zero interventions. Folks, Tesla has solved autonomy. And it’s a scalable solution. The cake is baked. Some icing is needed for sure but I’m completely convinced. This is much much bigger than flip phone to smart phone. You really have to experience it to understand.

[@sunrisejak2709]

FSD is still level 2 supervised. Wake me up when it's full autonomy and level 5. Until then I'm not interested in being an unpaid supervisor. Full autonomy is the car driving from LA to New York with me sitting in the back seat as promised by Elon.

[@alexedens1]

@@sunrisejak2709 So you wouldn’t use a supervised system that’s 5x - 10x more safe than you? Tesla isn’t there yet but that will assuredly come first. Avoiding any level of safer supervised system seems like an odd choice.

[@sunrisejak2709]

​@@alexedens1When I drive my car (Tesla model 3) I very often go to various locations or just go for an "afternoon drive" with various spots of interest along the way. With FSD you need to set a destination so the FSD knows where it's supposed to drive. I virtually never drive with a set destination in mind unless it's a trip. I also might choose different routes to pass by a shop that may or may not be open or a restaurant that may or may not be full, or just a scenic drive on my way to the mall. In any case I never select a location from A to B and just use my car as a transportation tool. I love driving my model 3 and just go where I like to go at that moment in time without constantly setting a specific destination. I've had no accidents in the last 25 years so I suppose I'm a safe enough driver. 😁

[@sunrisejak2709]

​@@alexedens1I haven't had an accident in 25 years so I guess the "safer than me" is a moot point. In order to use FSD you need to set a destination so the car knows where to go. This is not how I drive my Tesla model 3. I might elect to drive by a restaurant to see if it's crowded or a shop to see if it's open, or maybe take a different route to the mall to check something out along the way. It's only on a trip I might set a destination. Setting a destination everytime I go somewhere removes the freedom of driving a car which I love doing.

[@alexedens1]

@@sunrisejak2709 I understand the freedom aspect if you’re just randomly exploring. But your first point is not logical. Just because something hasn’t happened doesn’t mean it can’t. I haven’t had cancer in 60 years. Does that mean I’m immune? Perhaps I should pick up smoking? Since the car has eight cameras and can react faster than you a supervised system will no doubt be statistically safer than you. Ignore at your own peril.

[@BobaFettUccine22]

Full interview?

[@didier_777]

This was in the cards all along. Go back a year ago and you can quote elon musk saying it's a technology company that makes cars and FSD was always in the cards. Go back 5 years ago when Elon was talking about revolutionazing car ownership and ride sharing. They just didn't have the technology until recently to execute on the AI FSD. Within a year you'll have full FSD ready for Approval.

[@Nyhiak]

Why tie up money in Tesla stock now?

[@jasondavis126]

Maybe disclose this guy in working for GM. Also that he has not been with tsla since 2018. Pretty much a hit peace on tsla and a gm commercial.

[@ramsaudio]

Equinox SUV = or > Tesla. Math. Great!! All the best to the clowns here!!

[@user-nf4st5kn6l]

❤❤

[@danhall4293]

Whatever the MSRP on the Equinox is, just assume the dealers will NOT reduce the price based on the tax credit. They will mark the price up by that amount so, at best, the buyer will pay MSRP. And don’t think GM is gonna flood the market with these things. Each dealer will have one or less on hand at any given time, which will allow them to add their ‘market adjusted’ price increase. Maybe they will just have an auction every month or so for the one EV they will get. They don’t want to sell EVs at all. GM doesn’t want to make EVs in any great quantity.

[@danielmorales1981]

Equinox EV??? Lol TSLA hater 😂😂😂

[@KDrop84]

They are not just cars. If you just listened to LIVE CALL you would have heard it. It’s simple.

[@RowdyLpx]

You are an easy sell. A sleezebag salesman's wet dream.

[@Funktastico]

Over 90% of Tesla earnings are from car sales. Elon: We are AI Robot company.

[@TheMagicJIZZ]

​@GoldTau-km9dmGM isn't even in the market

[@mattsipes6186]

Plug in hybrids are just an ignorant idea. You have to deal with 2 different systems

[@michalfranczyk1241]

No hybrid are great, so plug in hybrid makes sense for some customers

[@brandonderrick006]

@@michalfranczyk1241no it doesn’t just buy a damn EV and decide like an adult lol

[@christophermccarthy2948]

wrong!

[@DG-hw8it]

Charging is ridiculously slow! Plugins are a scam!😢

[@brandonderrick006]

@@DG-hw8it you can for an entire week in a hour and save over 50% of “fuel costs” but ok

[@Robt329]

Cast a different story for Robotaxis? And he worked at Tesla? The story hasn't changed for o a looong time. Crazy.

[@markplott4820]

ELON, has changed the GAME . 100% BEV 24/7

[@bobbobertson7568]

EV companies should be banding together to build out the EV infrastructure asap. Otherwise they'll be fighting over share of a small pie

[@markplott4820]

Ummmm, TESLA offered Superchargers to gm, Ford others back in 2012, ZERO takers.

[@charlesrovira5707]

I'd like to revisit that in Q-4...

[@TheoriginalBillBraskey]

Why is CNBC only hyper focused on a few stocks when there are so many others?

[@AR-rn8ok]

Because they need to talk about the highest performing stock in the stock market that day when it’s up over 10% in less than 12 hours.

[@mattmeek9147]

Because they have people paying them lots of dollars to talk up the other automakers and lots of people paying them money that are short Tesla it's amazing they think retail is so stupid they won't pay attention.

[@marshallderriek1858]

The demand is down Because the product is not what the average consumer wants .. no simpler than that . The investors are all in but the general public isn't

[@mandelm2001]

It should be a requirement for all analysts discussing Tesla to have driven one with FSD now that it is all AI and no longer beta. What all of these guys and gals are missing from the call is that Tesla is opening up FSD globally, including China. That’s huge!

[@timower5850]

Oh, that poor EXXXXXXXX-president!

[@Sanddollar1]

We can depend on CNBC for a dishonest hit piece against Tesla. They don’t mention that the “former Tesla president” is a GM board member and the CEO of a direct FSD competitor to Tesla.

[@Bradgilliswhammyman]

PHEV...all the downsides of ICE ( fluid replacement, oil changes, etc) and downside of EV ( battery replacement is expensive)...only upside is range.

[@FabioCapela]

Actually, if it's a properly made PHEV with a durable battery and good electric range, enough to allow most drivers to complete their daily commute on just electric power, the fuel-using engine should only engage very rarely, when its extra range is truly needed, offering most of the fuel savings of EVs with very little degradation of the fuel engine. This, in turn, should make the maintenance of the ICE part of the hybrid much lower, as it will get very little use. A bad PHEV, on the other hand - like one with low battery range, or that uses quickly degrading NMC cells - is bound to be a headache. PHEVs have smaller batteries than BEVs, so they cycle faster, and thus degrade faster; every time you drive the whole pure electric range of a car it "uses up" one cycle from the battery, so if you are driving a thousand miles, that will be 4 cycles if the car has 250 miles of electric range, but 40 cycles if it's a PHEV with 25 miles of electric range. This is why NMC cells aren't such a good idea, the number of cycles they last is fine for battery EVs with larger batteries, but for PHEVs they degrade too fast and might need replacement, so a chemistry capable of doing more cycles - like LFP - would be much better. (This is why most times you hear a nightmarish story of expensive EV battery replacement, it's a hybrid rather than a BEV. The battery of a BEV should last enough to not need a replacement for the whole life of the car, more so if it's an LFP or, in the near future, Sodium battery.) Also, if the battery is too small to account for the daily commute then it will need to make constant use of the fuel engine; it's the situation you described, where you lose much of the fuel economy of a pure EV while being saddled with most of the maintenance of an ICE car.

[@beautyofgrace3915]

Just bought a 2018 Chevy Volt really enjoying it.

[@troyzieman7177]

This is all well and good . The public is not sold on EV . They arent . Its not just the upfront cost . Its the cost when the battery goes . It the inconvienance of charging , range limitations, ect . I live in Canada there is no where near the electrical infrastructure for this . I would expect the US is similar . I live in Ontario , we cant handle a decent heat wave without the grid teetering

[@SophoJoJo]

This guy seems totally clueless

[@drew-azureperthwestaust4818]

Everyone seems so focused on competition prices But the focus on Tesla is on margins. Ask the margins on these competition lower price EVs. I would put money on the fact the comp. Margins will be negative - ve numbers.

[@mattmeek9147]

CNBC should be ashamed for running a piece like this not disclosing this person's skewed view as a result of his current position at GM just shameful.

[@suresh_elonbro]

when was eia right. all their forcast have been wrong. they just draw straight lines.

[@commandersprocket]

So true. They’ve been wrong every year since 2010. It’s almost like they’re paid to be wrong.

[@lyndakorner2383]

Journalists using the first name of the subject of a story is completely unprofessional.

[@jackvance6025]

We’ve heard about the affordable EV’s before. I’m not holding my breath. I think plug in hybrid technology will bridge the gap until our charging infrastructure is in place

[@chrischupp9760]

Speed up could be a mistake

[@singplayguitar]

What is Equinox? Oh it’s a car. Didn’t know that.

[@markplott4820]

Equinox who ?

[@AONTrappy]

Could be because we are in a recession and everyone business is getting destroyed.

[@edwarddiaz8371]

I have a short boring 24 minute commute to work. It would be a better experience if I didn't have to drive myself. If Tesla made a hybrid like the Prius but it could drive me back and forth to work, I'm in for my next vehicle.

[@eeman1335]

80% of the conference call centered on Robotaxi and FSD role out. Any mention of other items like new cars was less than 20% of that call. I would not say that Elon spoke about new products, he mentioned it but thats not what the call was about.

[@YesCivic-R]

Even it's a reality, like an inkjet printer, the insurance EV premium skyrocket due to shortage of parts and EV skill labor, new model parts are so scared that could wait for months.

[@seamusoconnor9066]

Former Tesla president? Why don’t you try “current GM board member. He spent half the time dissing Tesla and the other half plugging Chevy’s failed EV’s. Incredibly dishonest reporting. Absolutely shameful

[@Dr.Weed8]

TSLA could easily drop to $80. I think the dip buyers are going to get burned on TSLA.

[@markplott4820]

tsla to 420.69

[@ssukhdev]

Market: Tesla sales are down and margins are down. Elon: Hey, look over there!

[@TaylerTayler-up8mc]

Market: Most ev car manufacturers sales drop 40-50% Market: Tesla car sales drop 8.5% Mainstream media: Tesla is doomed, the competition is coming :DDD

[@ssukhdev]

@@TaylerTayler-up8mc Most manufacturers have hybrid or plug-ins to fall back on which are in hot demand. Meanwhile, Tesla only does EVs and if EV sales are falling that's means trouble for Tesla. Their 12month PE ratio is 47x. While Amazon has 33x Microsoft 32x Nvidia 32x

[@TaylerTayler-up8mc]

​@@ssukhdev Car sales in general were down btw 2--12% for most car companies, not just evs. And the main reason why most manufacturers went back to hybrid, is bcs they saw that they can't sell evs profitable.

[@MarineBoy42]

People who know cars know EVs are better. It has nothing to do with the icing or the cherry on top. People who care about bossing think about themselves and their goals. Don't take car advice from power politics people.

[@shoelessjoe428]

Pursuing hybrids has to be the dumbest, half in/half out, strategy I've heard. All legacy auto are doing is delaying investment in the inevitable. When they finally wake-up, Tesla and many Chinese companies will be lightyears ahead and they'll have missed their window of opportunity. Battery and charging tech will have left them for dust. They won't have a clue how to monetise a fully interactive, connected and automated cabin without owning any of the patents or data. The most frustrating part is that they'll continue to fall back on taxpayer funded bailouts and it will be the slowest, most expensive but inevitable death on Wall Street.

[@DG-hw8it]

Hertz bankruptcy will be much cheaper than bailing out GM!

[@speedy0]

Opening a market without building viable infrastructure (ie. charging or altenative idea), improved battery technology, and competitive prices (vehicle, charging, etc.) will run into conversion resistance.

[@Jade11788]

😂 typical of CNBC. This is a GM affiliated staff member who hasn’t worked for Tesla since 2018!!! Unbiased? I think not….

[@sarabeth8050]

That guy always makes promises that are not kept, to boost the share price. Tesla fan boys eat it up but savvy investors are not fooled. The EV market is gone. The mass market is demanding hybrids and PHEVs. Just visit any Toyota dealer and you have to get on a waitlist, the demand is so high.

[@SpaceTravel1776]

23 billion in revenue in 3 months means the EV market is gone? Your logic is truly unique.

[@bobbybishop5662]

Anyone that takes anything Elon says is a gullible goof.

[@motoarzan791]

BUT, BUT, BUT, GM has an Equinox EV coming for $27.5k (AFTER The tax credit). Guess what?? Since 2017 GM had the Bolt EV at as low as $27k vs Tesla's 3/Y at $50k+. What was GM's excuse for only selling about 250k units "total" over 7 full years VS. Tesla's selling over 3M total and now at a run rate of 2million units per year. If people are going to switch to EV very few people want GM's (and others) "inferior" junk.

[@serg320]

Why is no one talking about lowering electricity prices and building out the infrastructure to create incentives to get an EV!?!?

[@markplott4820]

Tesla has the LARGEST Supercharger network , everyone but Stellants can use NACS.

[@markplott4820]

the GRID is getting greener all the time w/ Renewables , mainly SOLAR & WIND they are the Cheapest ENERGY in the WORLD, just add GRID battery storage.

[@ztcr6]

Instead of improving what TSLA can do Elon wants to focus on what they cant and never will deliver. Underrated Genius Elon Musk and his robots that are 30yrs behind real robotics companies. TSLA will be worth 30$ and thats a bull case.

[@testing6753]

Businesses should focus on value, not price. Specifically EV's should focus on exciting the customers with passion, so much that they would overlook all its flaws. Being an EV should not be its core selling point, but just a side characteristic.

[@amardeepsidhu2871]

Indian and Chinese are making EV for $10000 . Indian manufacturers are Range Rover and Chinese are BYD by Warren buffet.😁😁

[@MorrisBenton48]

Most customers want gasoline vehicles for obvious reasons, whether they are full ICE's or plug-in hybrids. The drive to force EV market share is ill-advised. Plug-in hybrids are the ideal tradeoff if you can live with the power train complexity.

[@miker99]

CNBC while you're trying to be "nice" to GM, don't realise they are in the age of the internet, and while they are trying to pull wool over peoples eyes, due to conflicts of interest, do not realise that they are slowly killing themselves and their credibility. RIP decent journalism.

[@kish2934]

Obvious why this guy is a “former” president at Tesla.

[@user-nf4st5kn6l]

👍👍👍

[@christophermccarthy2948]

Speed up the recharge time, not a new affordable model! SHEEEEESH! SMFH!

[@asajelfs8170]

EV sales are at fifty percent in China. That's about the same as one and another half of America's auto industry.

[@alr9967]

Those earnings numbers were awful.

[@heyjavey]

If you haven't used FSD you don't understand how close the finish line is

[@jaredjohnson8553]

And if you have used FSD (as I have), you understand just how far away the finish line is: it's a long, long way away. FSD is hot garbage.

[@Just_a_random_birb]

@@jaredjohnson8553 You obviously did not use FSD.

[@SupaChinido]

​@@jaredjohnson8553you probably went to mars too, and coming back here to tell us no one can survive there

[@jaredjohnson8553]

@@Just_a_random_birb I have FSD 12.3.4 on my Model 3. My son's school is 2.6 miles from our house. I have to intervene on average 5 times on the way to his school. This is a long way from coast-to coast without interruptions that Elon promised in *2019.* (I have been a FSD beta tester since December 2020.)

[@joeshmooo5327]

Have used it as well as Ford blue cruise and GM Supercruise both superior to what Tesla has.

[@josephscott1952]

Ok ill send my autonomous car to get my groceries and fill up its gas tank! OGMAB 😂😂😂

[@keyo1786]

This piece feels negative. Lets put a negative spin on tesla. 😢

[@bobbybishop5662]

Tesla numbers do a great job of creating negativity. Elon is just the usual blah , blah , blah .

[@onlyitj]

PHEVs are crap, you need long range EVs... In one hour the battery drains of Plugin Hybrids.

[@shoelessjoe428]

PHEVs are the symptom of a confused legacy auto industry with no clear plan.

[@darrenprior6339]

Rubbish. Most people travel less than 50 miles a day. PHEV’s are excellent for that. Then if you need to go long distances or tow something a proper engine is there for that. EVs are useless for anything that requires hard work

[@FabioCapela]

​@@darrenprior6339 It's a matter of having the proper specs. Few things do harder work than a long haul truck, and over 10% of those trucks sold in China are already electric (as well as about 20% of lighter trucks); EVs with adequate specs are clearly capable of doing the hardest work you can throw at them. Hybrids, including plug-in ones, have another big issue: the smaller the battery is, the faster it will cycle (go through all energy in it), and thus the faster it will need replacement. As a result, the small battery on a PHEV would need to be replaced multiple times before the larger one on a proper BEV degrades.

[@darrenprior6339]

@@FabioCapela Here's the perspective. Those trucks in China are NOT long haul trucks. In the people will drive what they want and not because of some woke crew of hypersensitive do-gooders who think EV is the only future. It isn't.

[@onlyitj]

Most PHEVs have less than 40 miles range on electric, I owned Kia Sorento PHEVs 2023, just returned it. I have now Tesla Model Y and BMW iX, they both give more than 300 miles range, I charge at home, cost around $40-50 for both cars for whole month. You can't beat that, use it every day for everything. I drive daily within city limits, I don't need engine car, once in while when I travel, I will rent it for few days period.

[@jayan5221]

Don't all these auto companies lose money on every single EV? Silverado EV??? Is this guy a farmer or construction worker???

[@samuelwilliams7331]

EV's will be a commodity and be cheap worldwide. Autonomy was the only choice to stay ahead of the Chinese. Musk knew EVs would be a commodity in 2014 and had sensors in the car by 2016 to start gathering data.

[@dabrain22video]

i always wonder if the people at CNBC or the host gets paid or told to be always be anti-av and i wonder if they every drove a tesla or fsd.

[@DG-hw8it]

Investing is about opinions...

[@danielcpt3819]

Did this guy just say GM' EVs are competition for Tesla??

[@Fastapproaching]

The longer EVs are out there the fewer numbers of EV buyers will be around, battery will never for most people

[@lym3204]

For Tesla, the last 5 percent is the last 5 percent. For the rest, they have 95 percent to go.

[@Gargamel-n-Rudmilla]

Tesla has of now (4/28/2024) @50% of the US EV market and has operating margin of @14%. GM has @6% with @7% operating margin. Which company is really weak John.

[@Jon-ky6st]

Lets see GM report just their EV sales so we can see how much money they lose on each vehicle.

[@alvarosalazar23]

haha the guy says he gets question about his Chevy in the streets hahaha

[@power2me1]

GM board member since Oct 2022, and Vice Chairman of Cruise (LOL) since Nov 2023. Seems like a nice enough guy, but the big jobs he gets seem far more impressive than the effect he has (or doesn't) on any company. Cruise is a disaster, Bolt is a fail, Equinox is a loser, sorry Jon.

[@francislo2205]

So Tesla is making cheaper car instead of going more luxury? The car does look cheap and out-dated, same looking for M3, Y, X, S. Or they going to focus on autonomy, not car business? Sure don't want a car without nice design and focus. I guess you get for what you pay for.

[@markplott4820]

TESLA is the ULTIMATE Luxury , high tech.

[@stevosteverino7602]

"Stack" gotta get that buzzword in, lol

[@tomnguyen9931]

The day Odor can made his car to really drive itself is the day the Earth end. What happened when rock, mud and bugs cover the camera lens? Other companies used RADAR and LASER along with cameras. I put it along with his HYPE-PER-LOOP!

[@markkithinji2666]

I just feel like I've sat through a chevy ad. Not complaining, just not satisfied at all

[@shadowmanmc1130]

Of course at the end, he’s gotta throw out the 2050 number personally I like how they keep dogging out because it makes it cheaper and easier for me to buy purchase and own vehicles because there’s no market for wink why don’t they ever talk about prices of gas vehicles whether it’s trucks fans or crossovers I don’t know who in the right mind would spend $60-$80,000 for a pick up truck I know there ain’t a farmer out there I know that would do that, but maybe I’m just living under rock somewhere with some small tiny farmers

[@treefiddy7072]

This has to be the most corrupt segment I’ve ever watched on cnbc.

[@wm6746]

So we established now that Tesla is a car company right.? so the stock should be 50 bucks?

[@brandonderrick006]

Megapacks

[@GonzalezJio]

Their going to create autonomous robots also

[@user-nf4st5kn6l]

Yet another completely stupid video from CNBC😂😂😂

[@ranjeet9868]

They're all going against my boy elon. But in the end my boy will be victorious.

[@louismaxwell2514]

Lol he means 12% of all cars on the road in the US will be electric by 2050. 100% of car sales will be electric way before then.

[@johnr5312]

CNBC always negative on Tesla.

[@SSD5430]

Tesla doesn't need to go into smaller cars

[@markplott4820]

Tesla is building Multiple NEW Affordable Model(s) in 2025.

[@SSD5430]

@@markplott4820 affordable is fine. Smaller may not necessarily work. Let's see.

[@ERDG516]

They should have disclose how Tesla has done better without him. I wonder if Tesla misses his contributions to the company, lol

[@joshuadudley7111]

Are you guys gonna bother to mention that he works for GM now???? What a bunch of BS!

[@sashavickers3800]

Core business is weak for the entire EV market its not Tesla specific! I wouldn't buy an expensive car with an interest rate of 7% it's not that hard to figure out.

[@madelinebenjamin3998]

Please talk about GEM and Ford when they went to bankrupt and they are about to go again. They are losing tons of money. Why you don't compare Tesla with these two companies. Shame on you!!!!! Struggling for Demand not only for Tesla.

[@bobbybishop5662]

Ford never went bankrupt .

[@christophermccarthy2948]

If Tesla could decrease the amount of time needed to charge their batteries, they would skyrocket out of orbit like SpaceX!

[@danielzambra]

trying to make politic debate at the hour of buying an eve... in this case it didn´t work so you change the topic fast, cnbc socks

[@bighutch2202]

Non plug in hybrids dont cost more than gas to own and operate. 😂lower maintenance than gas and 50 miles to gallon with improved batteries over last 10 years.

[@matttsai2455]

ICE car is way too old style to burn oils. US just need to up to standard in charging infrastructure. It is too weak.

[@MrNiceGuy485]

Waymo is going nowhere. Once robotaxi hits the streets, waymo will still be battling LIDAR issues. They also don't manufacture their own cars. Which means they have essentially nowhere to get their driving data and not enough mapping data to go anywhere.

[@ejazalam1880]

Garbage in, Garbage out !

[@larryo6874]

So Musk wants autonomous cars which will require more sophisticated sensors which means more expensive EVs but at the same time is pivoting to cheaper EVs in the 20K range. Good luck with that Elon!

[@GonzalezJio]

Tesla Vision is the path forward.