Short Selling Tesla and Japanese Businesses (w/ John Hempton)

[@NewMoneyYouTube]

I bet this guy's feeling a bit off today. Tesla shares up 20% haha

[@eleo2632]

he has 200 shorts so 100%/200 = 0,5% short in tesla

[@samercgmail]

Hahahhahahhaha imagine how he feels today

[@theperson3693]

@@samercgmail how about today XD

[@sirt8684]

Doing a lot better today.

[@DaKid27]

if he follows his process here he would have stopped out of the tesla short once it trippled and lost him 60bps

[@collin4930]

Hey buddy, how’s that short position? 🤣🤣🤣

[@sirt8684]

Laughing today

[@pohutukawa2346]

Hilarious how these people talk about "Elon" as if they know him. Old buddies and all that. Hilarious.

[@petetong3925]

Lol

[@helengrives8834]

They refer to Elon because Elon is great at what he does. His character breathes Elon and not Musk because it is this appeal that wins the hart of many so much so that it blinds them from worry. That is charisma. But at the end you must allocate your money wisely and predict the time of the end of life cycle. Then the question becomes has Elon Musk build a company to last 100 yeara. Or is it a pump and dump.

[@dlwatib]

It's not a pump and dump. Who would pump and dump a company after he "ate glass" for it? The time to pump and dump would have been in 2008 if it was going to happen. SolarCity may well have been a pump and dump. The Rives were clearly in trouble when they sold the company to Tesla for $2.6B. The Rives departed soon thereafter, leaving Tesla with a smoldering mess of insolvency. The question is, how much did they hide from Elon Musk, and how much was he in on it? Since he put both Tesla and SpaceX at risk in saving SolarCity (SpaceX bought SolarCity bonds), my assumption is that he did not know the true extent of the problems at SolarCity. I doubt that Elon would suspect his own cousins of running a pump and dump scam on him.

[@helengrives8834]

I didn’t mean to say that this is a pump and dump. However the more sophisticated the longer it takes depending with parties are in involved. 2008 was precisely not the time to dump because it was a financial mortgage backed securities failing. Instead the question is why most of the not making a profit growth companies are inflated after the financial crisis. It seems to me that money flows into these assets that can store the value of (cheap) money. As such a new pattern arises.

[@phantomcreamer]

@SpaghettiandSauce I find it funny that some people think you HAVE to call everyone by their last names unless you know them on a personal level. Dumb

[@minhongz]

So he is saying Tesla is selling vapor cars that don't exist? Am I watching a video from an alternate parallel universe?

[@darrenhuttolee3362]

Tesla and Spacex CEO Elon Musk made a series of tweets about bitcoin on Sunday. One of them concerns whether it is possible to buy bitcoin in “large transactions,” particularly for Tesla to convert its U.S. dollar reserves into bitcoin. Microstrategy’s CEO told Musk that this move would be “a $100 billion favor” to Tesla’s shareholders that would grow into a “$1 trillion favor.

[@livsstilbypia2424]

Can I ask why? The smart money is moving to bitcoin as the best performing asset of the decade, harder than gold, bull run driven by institutions, I see bitcoin at 100k next year, that’s almost 5x from here. Is your thesis simply due to the price and comparing it to the top of the last bull run? A small amount of research on the network effect and the investors moving into the space in 2020 should tell you differently. Each to their own but I am religious about getting my family and friends to take a small position and then research, not one has then sold that position. ALL have increased.

[@livsstilbypia2424]

I think a pull back close to or under 20k will be the last opportunity in history to get it at that price. The wall of money coming for bitcoin and the macro backdrop for its perfect collateral is unparalleled in history, maybe gold in the 70’s. Everyone I speak to about bitcoin is tainted by their past and frankly inadequate and misguided existing knowledge. I certainly don’t recommend people invest in anything, much less something they don’t understand. But if the smartest people in the room and the big II are jumping in, don’t assume that what you knew still holds true, I challenge anyone on this chat to further your education in this space.

[@livsstilbypia2424]

A great overview is listening to Michael Saylor as to why he out 400m of his treasury into it, lots of interviews to chose from. The logic and the macro are unquestionable.

[@darrenhuttolee3362]

For real it's very profitable

[@daysofsilver1913]

How does this whole bitcoin thing work, I'm interested in it and I'm willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional

[@officialspock]

Sup John, how are your shorts going?

[@ronaldheinrich5440]

How's that Tesla short doing for you?

[@Envy13376]

When Tesla has to throw a bone in battery technology to their competitors, it paints a grim picture for ice automakers.

[@The_Totorus]

When TSLA breaks a delivery records and still somehow looses money during that Q.

[@Envy13376]

@@The_Totorus if they reinvest money, its not really a loss. The company is growing and is more like a Tech company.

[@The_Totorus]

@@Envy13376 If you do a Q4 2018 to Q2 2019, you'll see that TSLA has contracted on all important metrics (despite record deliveries). Not only that, CapEx has seen a downward trend since 2018 to the point Depreciation of PP&E is larger than CapEx. No growth, wouldn't surprise me if Revenue is down YoY when Q3 results come in.

[@Envy13376]

@@The_Totorus Free cash flow is more important than growth or Capex at the moment - because their Freemont factory is at 400k/year. IF there were more compelling EVs i could see an alarm, but they are clearly preparing for a massive push with model Y with China coming online. Revenue is expected to be down, if sales are global instead of only US centric.

[@The_Totorus]

@@Envy13376 The Model Y is a fatter Model 3. Either way, the Freemont factory operates at the lowest capacity per employee for a car factory in the US. In a paper thin margin, capital intensive business, the profit is in the efficiency and it doesn't matter how much more factories you build when you don't have the know how of an efficient operation like the established motor companies have. TSLA is it's own biggest problem and things will worsen as better looking, higher quality EVs enter the market. Sure cash flow is really important, but you can't assign a premium valuation to a company that isn't growing or that isn't spending on CapEx or R&D.

[@Ismalith]

Oh boi did this one age badly.

[@xavierharrison1223]

Not really, his fund has done very well. Tesla is just one tiny position. He has 200 shorts

[@myjizzureye]

If you see 25 red flags with Tesla would you not be doing your clients a disservice not to take a large short position?

[@gregspeth152]

“Wealth inequality is FINE , my clients are rich , I want to keep it that way “.....The masses will come .... it will be historic!

[@d33763]

Greg Speth Wealth inequality is arguably the most destructive element to capitalism. Since global economies are demand driven, the depletion of a strong middle class will cause substantial imbalance within the system, and one day may cause its demise. Negative interest rates is a side effect of wealth inequality; consumers are too indebted to spend, so central banks force spending upon them by taxing their savings(negative yields). If wealth was more concentrated in the middle class, demand would remain robust, and yields would never need to go negative. Its a last desperate act to keep the economic engines humming, but it only creates a larger bubble making the crash that much more catastrophic.

[@ernoveresh1732]

Blah, blah, blah, waist of time listen to this ...

[@AFortaj]

TSLA worth $443 right now, shorts are on fire!!!

[@karolsudol4115]

So what happened to Jag Mr expert ?

[@phamnuwen9442]

I-Pace has nothing on Tesla in terms of drivetrain efficiency, charging speed and infrastructure, infotainment, OTA updates and a whole host of other areas that cater to actual utility in the real world. I'm sure it has a lovely interior, better panel gaps and so on but that's not what really matters to consumers which is demonstrated in sales figures. Jaguar can hardly give them away for free.

[@tonystern3071]

I think the real thing here is that this guy has shorted Tesla and that explains everything else!

[@dowskivisionmagicaloracle8593]

His premise is goofy and likely to fall for FUD. The US Government is rife with fraud and red flags. Time to short treasury bonds?

[@ThePodgyPanda]

@@dowskivisionmagicaloracle8593 Looks like Elon's bot army has arrived.

[@rosedale7986]

This guy makes no sense ...

[@pauljamessquibbs.3945]

Business minded folks don't get Brexit at all, it's hilarious listening to people who live for money trying to work out why someone would vote against their own financial interests.... The irony is, poor people don't really care about money as much as rich people... Poor people care more about having neighbours they chat with over the garden fence.... I don't know if rich people become rich because that's all they care about, or if becoming rich overtakes their whole lives and then slowly becomes all they care about - but it's a striking difference between the salt of the Earth Brit, and the mega-rich London financiers, which the financiers simply don't get.

[@f2cp]

Talk is cheap. Skin in the game. Interview someone whether long or short whose career and reputation depends on the outcome please.

[@andrepoon]

In retrospect... the short sellers have accelerated the growth of Tesla. I know of so many fanboys who could not afford a Tesla... believed in the company... bought Tesla shares... made money on the short squeeze... bought a Tesla car... in essence, short sellers have funded the sale of so many Tesla cars!! Thank you short sellers!! 😚

[@thegoobertron]

He can't be that confident if his short position is very very very small.

[@kelvinbennis2989]

This guy does not realise the ice carmakers just don’t even want to do electric cars it messes up their whole system dealerships negates the rest of their range they don’t get profits going forward they’re behind in battery technology behind engine technology behind his self driving technology they don’t have over the air updates it just doesn’t know much

[@frederickstirnkorb3094]

The problem with his argument is copying a moving target is a fools errand.

[@marktalksmoney1956]

Tesla is a incredible company but it was extremely over valued. It happens.

[@pierredelecto7069]

Lol! This aged very poorly didn't it.

[@mikekreisel290]

This guy is really deluded if he thinks Jaguar I-Pace can compete here. Last month, only 140 iPaces were sold in the US

[@thepunadude]

OLD NEWS!

[@aquasurfer9]

He is full of himself for sure. Love the lack of seeing that the Giga3 is up and running, bought 2 new tech companies. He like to spew BS. Fidelity? I am waiting for my Model Y and now that the semi truck has been delivered I don't see any downside. I guess because he is a US investor. Guess he love big oil. I find buying out of money calls 4 months out when the stock tanks for 2 days or so is very very rewarding. Doubled my account on Tsla in 6 months. With 25% of the stock shorted, on the only american company that is growing so much with so many innovations, it is my dream scenario. Bronte Capital most likely use Humvees to drive to the store and show off. I can see big wheelers sponsored that go to drag races and run over cars promoting their obscure company. This is a promotion for suckers to invest in their BS plays. I assume (and make money on it) that all negative news about tesla and Elon stem from Ad agencies and their following of newspapers, tv stations and branding people, BIg Oil, Dealer Associations. They have everything to lose and nothing to gain from electrification of the world. With $400 billion in tax credits in the US alone for Big OIl, they have been mounting a disinformation campaign since the 80s about how we need fossil fuels and everything else is folly. I put up a 7kw array last December. It cost $5400. I DIY'd it. No rebates or Tax Credits. That is real cost buying from ebay and some local supply houses for the mounting hardware. It has paid back $900 worth of electricity in 10 months at 11 cents per KWH. I have customers in my HVAC business that are waiting for the solar shingles and are delaying new shingles. I mounted mine on corrugated roof of outside garage. 21 panels, sunpower 20%, Solar Edge, with optimizers. The optimizers were $1400. Cool to see how each panel makes energy that has powered my house with AC on this year. That is reality, that is a bonified saviings for everyone. I will charge my electric model Y from home using sunlight. This guy probably doesn't believe CO2 in the atmosphere is manmade. I suggest looking at the 800000 year old record of ice that has been analyzed. The big jump in the past 200 years is pretty obvious except for die hard republicans following their fearless leader wherever he tells them to go. Sound like sheep to me.

[@brycehughes4586]

Can we talk about the foot dance over the course of the discussion...

[@ziejezowel]

How is your Tesla short doing LOL .... 17% up today.... earnings up ..... the best selling lease car of the year in Holland .... Real Vision ... really ... this guy

[@sheelu45]

most stocks discussion are lied about in these kind if discussions..

[@tomspeed3354]

funny enough, he was right with Amarin, trading at $1 now

[@stevejurgens9836]

"Astonishing."

[@zerosugar8026]

Hard to short a company propped up by the government

[@bkcellularking6772]

December 2020, this guy got smoked on his investment.

[@Gwdufsm]

valeant worked... but tesla i wonder how much you are big big

[@dbrito1]

Well this didn't age well

[@thebronxpops268]

You can’t copy legend ,

[@michaelitsol]

Bronte Capital will be renamed Bygone Capital

[@dankuo8561]

Another Tesla hater shorting the stock on a mission to proselytize the world on the impending demise of Tesla.

[@firedudeW]

Only Tesla is responsible for their downfall. Get over it, not everyone is out to get you and your pet stock.

[@Lerppunen]

I don’t think most Tesla shorts hate the company, they just think it’s way overvalued. I personally think it will go bankrupt in the next recession but there is no hate in my analysis.

[@AndreAndFriends]

Unfortunately, both sides are right. As soon as the ChiComm factory is fully functional & stuff is trained Tesla will be bankrupt & a new ChiComm company will take over. ..... my question is how much is your TSLA then? $420? $240? or just TSLAQ?

[@jenisson159]

Fanboy

[@rumbleyoungmanrumble7414]

28:00 Perhaps I don't understand the yogurt business but what is stopping any other companys from cloning/breeding these bacteria? Send me an expensive bacteria/charge too much for it...I just let it sit and multiply and low and behold I have more of it, thus not needing to buy it from you. Bacteria is cheap and easily grown. Perhaps I'm missing something?

[@AndreAndFriends]

OBAMA VOTER!!!

[@sam5605]

yes i kinda agree with you is not like there is som sort of patent

[@Pendho]

Well yes and no. Im not a yogurt bacteria expert but in pharma you have a similar thing (biopharmaceuticals). Basically, due to patents, other companies do not know HOW the bacteria is made nor can they use it. They can clone it in their own factory and try to come up with a method to make something 99% similar, but it will never be exactly the same (and if it is, they cant use it because of the patent). That is why you always end up with a slightly different bacteria. In the pharmaceutical world, copies of a patented drug are called generics, “copies” of biological drugs are called bioSIMILARS.. its just impossible to clone bacteria without knowing how they are made

[@Kartyman550]

Get this guy off air. He just likes hearing himself yak. It’s heinous. His points are such bs. He shorts a stock because he didn’t like one guy in it???

[@adama7752]

He doesn't care about the guy. He cares that the last 5 companies that guy was at exploded. What do you think company 6 will do? He's not all in, he just takes a position...

[@loganschmick792]

OH LA LA , 28th August 2020 $2280.00

[@mschrodter]

Wow!!!!!!!! How many red flags, better go back to the drawing board there mate... Tesla all the way....

[@tensevo]

I had to dislike the title alone. I have no time for this.

[@enderwiggin8947]

Electric cars won’t need much maintenance! Wake up! Haven’t you herd of engineered obsolescence?

[@abyteuser6297]

Haven't you heard of software updates?

[@omartaheri567]

Hes a joke

[@click411]

Didnt mention the Byton MBite did he

[@m.t.6721]

🤡 🤡 🤣

[@MJ-zo5gb]

“ I was wrong spectacularly” ....get ready to say that again!! 😂

[@akzebraminer]

Oh boy you weren’t kidding

[@longtermshareholder6610]

Doesn’t have facts on his biggest short theories LOLOLOL

[@ayzee3514]

I came here to learn about an intelligent, well argued bear case for Tesla, and all I heard is the same old cliches and smirks we see everywhere. Comparing Tesla to Toyota is like comparing Google to the Old Phone Book. The "manufacturing quality" is just not what it used to be back in the old days. What's next, we should go long coal, using the proceeds from shorting Tesla? Stay away from this dude's fund. It is very prudent the the short is "tiny".

[@dowskivisionmagicaloracle8593]

His premise is goofy and likely to fall for FUD. The US Government is rife with fraud and red flags. Time to short treasury bonds?

[@francischan57c]

Has he look at Tesla quality recently.

[@nigelpalmer9248]

All I have recently see about Tesla quality says it's solved

[@AndreAndFriends]

ELON SAVE US!!!! ........ and take our $$$!!! We are not worth it.

[@ciceroaraujo5183]

Time will give this gentleman a Kodak moment.

[@pumahuhu365]

Yes. If his main short thesis is that Tesla reports more sales than what they sell in reality then his short position better be really small.

[@ewanwragg1708]

3:01 This is so funny when I have a +65% gain on 203 tesla shares in 4 months. (130% now since Tesla at $492)

[@theg0rdan]

Red flags, red flags... Look at demand and customer satisfaction

[@jean-yvesbellet8733]

This guy has no idea about technology, happy to hear he can loose his short investment. Thinking Toyota that went on Hydrogen and fuel cells are clever enough to compete with Tesla demonstrate my point. Even NVIDIA can't compete with Tesla's chip. As Ford said, any fool can produce but to sale you must be a genius. Elon Musk didn't spend a penny on publicity.

[@Corey-pd3mi]

They don't 'officially' spend money on publicity, but they absolutely do spend money on publicity.

[@jean-yvesbellet8733]

@SomethingScanning It's all about economies of scale and Tesla didn't reach the sufficient volume yet. As it's new technology Tesla is moving carefully till it gets everything right and after there will be a massive capital increase to go on. Tesla will not finance its growth with accumulated profits.

[@ThePodgyPanda]

'Nvidia can't compete with Tesla's chip' - according to who? Tesla? lol.

[@notmycupotea]

needs to use some of his riches to buy nose hair trimmers.

[@MogulProductions]

So many tesla biased people in the comment section who don‘t have a basic understandig of equity analysis or interrelationship between economy and the stock market. Mr Hempton drew attention to many of tesla's weaknesses and dangers. I am not long on tesla, but it is essential for the success of your investment success that you also deal with criticism and the arguments that may speak against the stocks in your portfolio.

[@Theo-dj7vs]

And yet none of that mattered for the last 2 years...adapt grow or fade away

[@Theo-dj7vs]

See you regurgitate your learned lesson of academic institutions. And thus never really see the world before you...what is MMT...and how it makes your "interrelated necessity" overtly & obviously incongruit. Next try Berg's top & bottom theory...that just drops your 🦜theory on its head. FA is justification based in superfluous data. TA & sentiment...is quantifiably a superior option. And there is zero debate in endless QE & covid states of mind.

[@Alorand]

There is a bit of a "true believer" vibe to Tesla supporters, but I think a large part of that is them being defensive because they feel people are being unfairly critical. And I kinda get where they are coming from.

[@Lerppunen]

Tesla is a structurally unprofitable company with a sky-high valuation. Sure some criticism may be unfair but most of it is based on facts.

[@Alorand]

It's not as unprofitable of a company once you take into account that they are selling two distinct products. Electric cars to consumers, and "an idealistic dream of technological salvation" to investors. Don't you think there is big enough demanded for that with the current climate change craze? I don't recommend owning Tesla stock, but I also don't recommend shorting it.

[@AndreAndFriends]

OBAMA VOTER!!!

[@dlwatib]

Tesla is not "structurally unprofitable". It's got an enviable gross margin on its cars. But it's trying to expand the company and grow its sales and revenues at close to 100% per year, plus it's trying to develop twice as many new products as it's currently selling. The push to demand profitability is premature. If they used every bit of revenue to grow the company over the next decade, it would be money well spent. It's got to grow that much in order to justify it's valuation, but the important thing is that it's happening.

[@TIO540S1]

dlwatib It calculates GP in a VERY strange way.

[@chaseramos4865]

Tesla has years of data which puts them ridiculously far ahead of all other auto maufacturers. This video is older than the posting date and the info is now outdated

[@ryananthon8426]

Well yeah when your red flags are weird conspiracy theories you are going to end up being on the wrong side of a short. I swear the shorts make me wanna buy more Tesla. The bulls have me more concerned about a stock drop than the shorts.

[@xpkareem]

All of this info is out of date now. Not sure why this was posted today. He really looks like someone who hasn't been paying attention for the past 6 months.

[@dzerres]

Doesn't matter - I still love watching these losers.

[@nicosmind3]

Well build quality has improved dramatically, and its getting way cheaper. Two examples of them being way cheaper than traditional motor companies. Cooling: Traditional companies have multiple cooling systems for engine, battery, and passangers. Tesla has one clever, compact, and cheap system. Wiring: Traditional wiring is in the KMs, Tesla a few months ago got it to meters. The SEC has been very weak with Elon though, anyone else would be in jail.

[@abyteuser6297]

Let's not forget that they ditched Nvidia and they've been using their own chips for a few years now

[@snoomtreb]

product is great, the balance sheet is not, however :)

[@nicosmind3]

@@abyteuser6297 Saving both money and energy, plus dramatically increasing processing power while they were at it. A win all round

[@nicosmind3]

@@snoomtreb At present yes, however always innovating in production techniques on top of figuring how to source better and cheaper parts. Its not just the product that sees continuous improvements. But yeah still a little bit of a gamble. But just look at the price of batteries a couple of years ago to now, and consider maxwell batteries dry battery tech can bring the price down 20% as well as improving batteries, on top of other improvements theres still a distance to go. Compared to the competition theyre smashing it!

[@zvebrstremnyj6863]

Thanks from Ukraine! I think that Brexit is about freedom, and Englishmen feel its real price...

[@Obbsserver]

The English, yes, except for London. And quite a few Welsh. The Scots and Northern Irish not so much.

[@dzerres]

"freedom" to be out of the literal economic loop. I hope the rest of Europe sticks it to them. The British love to retire where it's warm - sorry, you're not welcome any longer. buh-bye you ol limey. I predict N Ireland, Scotland and Wales will pursue to leave the Union.

[@duudleDreamz]

Tesla up by 35% since this interview. Thank you short sellers, every time you are squeezed out you give us long term Tesla investors free leverage going up. Bloomberg interviewed 5000 Tesla owners and over 99% love their car. John Hempton has no idea about Tesla!!

[@amormamykonian3831]

and down today

[@NeuralNetNeil]

Meh. Typical short talk, and outdated. Nothing new.

[@cmw3737]

6:50 "This guy really has changed the world... There are a lot of hedge fund managers who are nowhere near that competent" Whether you believe Elon is running a fraud or not that sentence tells you too much about an economic system that rewards those with talent (and arrogance) for working in financial wizardry hoping that those who do the real work of changing the world fail. And you wonder why interest rates and growth are zero.

[@helengrives8834]

The point hè makes is that you can design and make a real thing and still be a fraud. Just ride the wave safely and get out when it starts to fall. GE Enron etc enchanted lots of people. That what wizards do.

[@martinmeredith8964]

Hahaha - so wrong....

[@surfside75]

1.5 playback, thank me later -🍻🌿💙🇱🇷✝️

[@deekennedy9000]

Surfside - Thanks (30 seconds in) 🤣

[@nicosmind3]

Always 1.75, and sometimes 2x, unless its music

[@nappychef35]

Lol... tsla went to $900 last week

[@glencecil293]

You two must feel like fools right now. Ha ha. Elon Musk is laughing all the way to the bank.

[@luckyone7878]

So is Tesla doing better since April?

[@racker9999]

If I were the Emperor of Ice Cream I would make John Hempton’s discussion with Matt Milsom compulsory listening every year for every high school student in the United States to illustrate how a great business brain operates.

[@wimprezax]

I guess he really knows what he is talking about lol

[@JuergenQingdao]

Filmed on 15th April 2019. And how was shorting Tesla going for you so far, Mr. Hempton?

[@raulcaba5552]

On the 15th of April Tesla was worth 266 dollars per share. There was a small spike up to 273 the next days but the stock faded to 238 dollars per share by the end of the month. By June 3rd it was worth 178 dollars per share. There's no way he didn't make out like a bandit if he held his shorts through April 16th-18th.

[@handsup8791]

What an arrogance... So funny that so many people don't get it ... at all. Short sellers should be banned, its a parasite way of investing and partly causing the crash as well. Every EV manufacturer is stuggling on the mentioned topics. I own a Ipace, believe me, it is full of flaws :-) But I dont mind, an EV is a delight compared to an ICE. Im sorry for all the other manufactureres, to catch up is the only thing they can do.

[@ALEXFVHS]

Hopefully he still short cuz stock just jumped up today a ton

[@ciceroaraujo5183]

I would never bet against lord Elon musk

[@kevindegenaar]

Things are looking bad for you John!!!

[@AlessandroOrlandi83]

Realy liked this video.

[@rakly3473]

"Problem with socialism is eventually you run out of other people's money." erm... who's money? The gov. is giving money for free to the market so they can have an economy. Unless you would go back to the goldstandard first. The system right now (Keynesian) is spending other people's money through central banks interest rates. The people are in perpetual dept to the central bank. Socialism has no central bank. That being said, I'm not a very big fan of MMT either. The market itself can work out means of trade, be it gold, bitcoin... Then the analogy of running out of other people's money would be correct.

[@phamnuwen9442]

1. "The gov. is giving money for free to the market so they can have an economy." 2. "The system right now (Keynesian) is spending other people's money through central banks interest rates." These two statements are in direct contradiction to each other. Other people's money is not free. And, if by socialism you mean central planning of the means of production, then central banking is by definition socialist, money being a means of production.

[@eleo2632]

qe = .gov free$$ to brokers

[@lance8080]

Buy American.

[@ashthegreat1]

Short-sellers are scavenging dogs.

[@marksteven3534]

Oui !

[@linmal2242]

The problem that Toyota and VW and all the other ICE manufacturers have that Tesla and other start-up EV companies don't have is they WILL have to write-off huge amounts in transmission & engine plant and equipment if they want to transition even a fraction of there production to EV on top of the additional cost of electric motor and battery pack production!

[@johndeopaduaART]

They see something impossible so they are trying so hard to convince themselves that its not possible.

[@Lukas-uc2bu]

It seems that he doesn't understand vertically integrated companies very well. The biggest mistake is to evaluate Tesla along the same line of legacy car manufacturers. Tesla is so at least 2-3 years ahead technologically, specifically in battery tech. Every other car manufacturer is just buying parts of the shelf. The lack of internal development will mean that the optimization across the whole vehicle will always put legacy car manufacturers at a disadvantage. Their inability to reach the range/KWH efficiency of the 2012 model S only emphasizes this point further. It seems entirely plausible that Tesla will make improvements in manufacturing efficiency faster that legacy car companies will develop battery, self driving tech, and software equivalents to Tesla's offerings. The criticisms of Tesla from a manufacturing perspective is not the quality but rather that Tesla is spending too much by over engineering portions of the body when they could produce the same part for much less. Additionally self driving and the whole robo taxi future seems like a massive boon for the company that is not taken into account at all. All teslas sold are fully self driving capable. The moment this becomes street legal, your car can generate income for you passively. The economics change entirely. Some might debate whether the legislation will get on board but the recent introduction of Tesla insurance will be extremely important in the coming years regarding this. What about China and Gigafactory 3 Shanghai? The factory has gone from muddy farmland to completed mega factory in under 9 months. China is the largest EV market by far and Tesla is the only non domestic brand that can produce domestically. The price of model 3 will be the same as its US produced counterpart but it will be produced for much less. Every other imported car has to deal with a 25% import tax. Tesla can avoid this entirely and is poised to take the Chinese market by storm considering Tesla's offering beats all domestic Chinese Ev's in all metrics except price. I just feel that the short position is one that is not researched. This is coming from a person who likes the company but owns no stocks. I am just honest about the big picture of this company.

[@phamnuwen9442]

Overall agree except on the FSD. It's not at all a done deal just being held back by regulators, though admittedly Tesla appears to be in the lead in terms of training the AI with input from a large real world vehicle fleet. There are other potential stumbling blocks such as is Lidar necessary (probably not, but you never know), will the V3 CPU have enough horsepower, and how long until it's safer than a human driver.

[@Lukas-uc2bu]

@@phamnuwen9442 Yea, I did not intend to make it sound like self driving is a problem that has been solved. Rather, I believe that the technology is an inevitability and Tesla is best positioned to ride the wave. They already are the largest repository of driving data via the fleet of cars actually on the road. Much more valuable than simulation as increasing the number of 9's in your safety percentage requires a study of real world edge cases. Something that the data they are getting will let them accomplish faster than others.

[@phamnuwen9442]

@@Lukas-uc2bu It seems you should be able to simulate unusual situations to some extent. For example by just letting the computer insert random objects, animals or people into the simulated traffic environment and/or by crowdsourcing such situations. If so, a large vehicle fleet might not be such a large advantage. Though I guess you still have to test your algorithm in the real world.

[@Decebal825]

i fell asleep 3 times with all the digressions whats the interview about again?

[@k.powell1634]

Hempton is slimier than a bad flan. I am done with this channel.

[@mrm.5787]

Tesla just had a new record sales. In two years only Mercedes and Tesla are left of the big car brands.

[@ThePodgyPanda]

hahahaha, Wanna make a bet?

[@michelstronguin6974]

John Hempton will fail his short with Tesla due to Elon's first principles thinking. Solar roof tiles, production quality and efficiency, debt management. These are all problems which get crushed by first principles thinking. Get out of that Tesla short John.

[@ThePodgyPanda]

Elon has hoodwinked you too, but don't be ashamed; it's his #1 skill

[@michelstronguin6974]

ThePodgyPanda Yeah, didn’t Tesla just break a record this quarter? Delivering 97k cars? And next quarter if they do 105k cars they reach their yearly projection. Seems like Elon was right. Let’s talk in a year after the China Gigafactory has ramped production just like the US operation did. And then talk to me after the European Gigafactory does it. Starting to seem like less of a cult stock by the quarter.

[@ReddoFreddo]

Every poblem with this: Toyota doesn't and will not make battery electric cars, the Mirai is disappointing and insanely expensive, they have no future hydrogen cars announced, so they will not reach Tesla's level of technology any time soon. The few unhappy customers concerning the build quality pale in comparison with the fact that Tesla is the most loved brand by customers in memory. The I-Pace is a great car, it doesn't have nearly the same range nor the same acceleration as Tesla, to suggest Tesla doesn't have some competetive edge (much longer range) against it is dishonest. The solar roof tiles won't be cheaper than asphalt, Tesla doesn't claim it is, but rather that it's cheaper than a "new roof" and solar panels COMBINED. Whether this is true or clever marketing logic is a different discussion, but to frame it like Elon Musk delusionally thinks or cons people into believing that state of the art technology is cheaper than a piece of asphalt is incredibly ignorant or dishonest (I suggest the former).

[@gnollio]

Classic case of assuming the established players can duplicate technological innovation. As a programmer from Silicon Valley I've seen this story played out over and over. Rapid technological innovation is extremely difficult for old players, not because of the technology usually, but instead because the politics involved in making the necessary changes. Think of old-school car manufacturers with divisions of long-time entrenched employees and concepts. Are all the divisions of a company going to just give up their political power within the company for the betterment of the whole or will they argue for tradition? Think of the sales apparatus of these companies, will car dealerships promote vehicles that require far less maintenance when they make a fortune from servicing the vehicles? Think of traditional auto partners who work hand-in-hand with big oil, will they promote the electric future or fight against it? I think there are so many factors that companies like Tesla simply get to skip over while big auto does not get such a luxury. I for one don't see big auto catching up to Tesla anytime soon, especially from a technology front where Tesla is actually becoming the most efficient player for things such as vertical integration, iterative improvement and battery tech. The 2020 decade will be one of the most transformational times ever for the transportation industry, I'm excited to see it unfold.

[@joaosas]

Betting against a guy who's launching rocketships is balsy, there's no amount of red flags that would make bet against a guy with Elon's drive. The stock may be overpriced but his ingenuity and work ability may pretty easily make the value of the company catch up with the stock price. Very very risky business shorting Tesla

[@alexmckenna1171]

What a pompous guy. Almost everything he says is astonishingly dumb. Is he in the pay of somebody? How can he not see the Tesla phenomenon has never been seen before, apart from maybe Apple and Ford? Another accountant whose nose i s stuck firmly in his figures. They never actually make anything these negative people....

[@almor2445]

I agree with everything he said but he was wrong by 500% or so since Sept 19. Although while I'll admit he was wrong about how long the market could make no sense... it can't continue being insane forever.

[@DaKid27]

What an awful interviewer. So smug and doesn't know how to simply ask a question and listen to the answer. Doesn't realise people are here to hear John and not him!