Tesla’s Model Y does the unthinkable - VW lower profits forecast AGAIN! - Tesla see growth again

[@BestInTESLA]

Try out EVDC for yourself and see how well it works : evdc.network/

[@bellumCretatus]

I understand you need sponsors, but I would not be associated with them, EVDC is a nightmare!!! Do not use! Wrong invoices, wrong VAT, wrong rates declared, complete mess, and the app is terrible too. Need proof? Check out the german Tesla & Friends forum, loads and loads of bad reports, tried it myself, same issues, they still owe me money from last year.

[@Disturbing_Truth]

Some of the cheapest pricing EVDC 🔋

[@anthonylosego]

gee-air-may. To pronounce Guilherme. Usually with two L's but not sure about that spelling. Probably still not right but much closer. Also, compliment - ary. Not complimen - tary. But I'm just trying to be a pronunciation coach. Not knocking you. Speaking more than one language is tough. You do very well 99% of the time. Kudos!

[@anassou7291]

evdc 🔋✅

[@rdscofield1]

I loaded the app and it won't show any EV locations anywhere. This sucks, back to the Tesla app that works right away.

[@farmerpete6274]

Just want to say that my Powerwall 2 is doing everything Tesla promised, and the app controlling it all is superb. Just fit and forget!

[@windowsdown3684]

Hooked to your solar? Covers your usage?

[@farmerpete6274]

@@windowsdown3684 Yes, hooked into my solar. Connected in May and was off-grid until early September when the crap British summer gave way to rain, and more rain, and now lots of rain. Now still running about 75% off solar and battery, remaining 25% from the grid. If I had 2 x Powerwalls, I might be able to survive the periods of rain with going back on the grid. I will know better once the year is up, but so far, well worth getting the Powerwall 2.

[@windowsdown3684]

@@farmerpete6274 amazing. Just got a model Y for my wife and we are saving $1000 a month in fuel. With $200-400 power bills per month for our house I’m wondering if solar and battery is smart to just pull the trigger. Do you have Tesla solar panels too or just regular solar panels?

[@windowsdown3684]

@@farmerpete6274 we also live in Southern California so we get sun almost all year round

[@windowsdown3684]

Tesla solar panels or non Tesla?

[@clintatk]

How you produce such quality reports on your own is amazing. Well done, Lars!

[@markplott4820]

LARS reports are great , but OTHERS are Creating the CHARTS that he uses.

[@clintatk]

@@markplott4820 True, but he has to research and compile his data, script, perform and then edit before publishing. That’s a f*ck of a lot for one person.

[@kurtgrutzner6607]

As always, a great vid. Something I really like about your reports: at the start you mention the big topics you will be covering. This way I get the main messages up-front & can decide whether & what to watch.

[@Gurbet_Çilesi]

This guy is realy sharing perfect statistics.Tesla sales are also 1st in Netherland for a long time.Thank you for reality :)

[@fjanson2468]

Chevy is Front wheel drive, not 4 wheel drive, and the real price is $35,000 without EV credit. Low charging speed, cheap fabric interior and only 220Hp, catching fire may be optional, have to wait and see.

[@machoopichoo2]

Holy sh!t about Redwood Materials. I openly wondered if they would have adequate supply, as BEV batteries last quite long, there now is a million mile battery, and once a BEV dies, its pack can be repurposed for residential stationary storage. I am shocked at how few device batteries are needed and how few are recycled. Adequate supply is great news.

[@machoopichoo2]

To build on this I liked Lars' point about commentators on cobalt use. I have smacked down dozens of idi0ts on YT and LinkeIn who post sh!t talk about BEVs using cobalt and child slavery. I simply say, "as written on a cobalt free device." Cobalt has serious concerns but those can be addressed and the now dominance of LFP massively reduces cobalt use.

[@BH195829]

Larz… GM did not sell 30,000 odd EV’s … they stuffed their Dealer Network with these Vehicles … you need to look at Registrations… non dealer Registrations to get a real number. This number will drop off a cliff when they don’t move the Dealer Inventory! 🤔

[@anthonybha4510]

This this this

[@SparkySho]

Is that a REAL sale if sold to dealerships??

[@markworcester3950]

Thank you for your wonderful, informative, and well-produced videos. Along with your calm and positive demeanor, these vids are as pleasant as a cup of coffee on a cool morning!!

[@boballen9095]

Can hardly wait for the first GM Equinox recall, the kind where it coulda been and OTA, but since GM can't … well … you get the picture.

[@jjamespacbell]

You may be waiting a while, the reason Tesla has "recalls" is usually because Tesla saw an opportunity to improve the system and sent out an OTA to all customers, legacy automakers policy is to not change anything until they have a new model. The recall FUD is caused by NHTSA insisting that updates are published as recalls.

[@davidspray9939]

In regards to the Chevy Equinox, “FWD” means front wheel drive, not four wheel drive. The equinox does but tell have a four wheel drive model but an all wheel drive model (AWD). Also, as far as the base model for $27k (with credit), I believe that is a model that they are not yet selling. I believe they’re cheapest version cost substantially more than that.

[@ScottRawdin]

Lars, thank you for this excellent program.

[@MyEVRide-ye6kx]

Great update sir!! Better than anything I've seen on legacy media...

[@markoverton5858]

Never dissatisfied with the information here on this vlog, top presentation to, 👍👏👏👏👏👏

[@CarloHerrmann]

You are the best! Thanks Lars.

[@SparkySho]

Tied three way for first 1 A BESTINTESLA B.ELECTRIFIED C.SOLVING TH MONEY PROBLEM 2. The Electric Viking 3.???

[@mikewagner2153]

Great stuff, Lars. A mainstay of your weekly news show is your overview of progress in EV uptake around the world. But I am sometimes having to puzzle things out. Sometimes I'm trying to figure out whether the percent is for Tesla or all EVs. Sometimes I'm confused by whether a percent is for BEV or NEV. Sometimes, I am not sure whether a percent is for EV market share or EVs in a country's "fleet." As someone who has done alot of scientific writing and editing, my solution would be to have a style guide for how I refer to things and to use it religiously when writing my script for a segment or show.

[@dr-k1667]

I absolutely adore the call out on Meet Kevin about how silly his CT FSD comment was. Talk about not aging well. There was NO ENGINEERING REASON that is would not have worked...! So glad we put that to REST!🤣🤣

[@SparkySho]

He’s a self proclaimed short seller

[@budgetaudiophilelife-long5461]

🙋‍♂️🤗 THANKS LARS FOR UPDATES🧐 💚💚💚

[@Cybertruck_69]

Electrify Am is still an utter failure. Had similar problems with Flo. The clowns in government should step in and start fining them for not keeping the chargers operating, or revoke their permits.

[@SparkySho]

Great work semi factory builders!!!

[@jamesmcneal1821]

I like that last bit best, featuring the nay-sayers gleefully reporting that the cybertruck did not have FSD and never would (because it is a different form factor/frame).

[@RaceAbe]

10.10. is coming, after that legacy could be in even deeper trouble....

[@BrunoHeggli-zp3nl]

Dont worry,every quarter Tesla is getting worse in every way;

[@davidbeppler3032]

@@BrunoHeggli-zp3nl Keep working hard. Keeping stock down so I can buy more! TY!

[@overhansable]

@@BrunoHeggli-zp3nl Don't go to low on IQ buddy or you may stop breathing...

[@GetThemLyrics]

@BrunoHeggli-zp3nl I believe the opposite is true.

[@mikafiltenborg7572]

Brunoheggli don't have the balls 🍒 to Short TSLA 😎

[@FutureSystem738]

Thanks Lars. Great as always. I’m a long term Tesla owner and long term Musk admirer, but that’s changing, he needs to pull his head in and stay away from Politics- his latest appearance at Trump’s rally is disgusting and WILL HARM sales. I know two people who are switching to EVs but will now NOT consider Tesla thanks to Elon’s stupid damn antics.

[@Peter-y5y9i]

Poor decision making by Musk haters. I don't agree with his politics either, but that does not make for a bad vehicle. I bought a VW not long after the "dieselgate" affair. VW management is terrible. The vehicles, at least my Tiguan, brilliant. Musk won't change because a few people are upset with him.

[@bekind2047]

Go vote - and things will work out. Teslas are build by pretty smart Americans - so don’t hurt yourself and these others. Their machines are simply the best. I am not a blind admirer of Elon - but I enjoy all these boosters coming back for rescheduling. He is an important part of all this futuristic stuff. Let’s vote and let us take care of that part.

[@stefanpredl6849]

No heatpump no buy

[@TeslaEVolution]

WHEN will QT, Texaco, Shell start on SCALE offer EV charging stations?????

[@machoopichoo2]

Still love the Porsche Turbo BEVs. As Elon said, I don't think Porsche knows what turbo is.

[@ewitte12]

The Equinox isnt bad but the charging is far worse than the rating indicates. The battery voltage is very low it needs a ton of amps which overheats if you charge at one of the faster 350kw stattions that support those amps. Kia has a better solution. I think the 2025 model is supposed to fix it though.

[@IronMike-wk1sy]

Just side note. If you compare legacy and tesla in china, please use charts with matching periods. Either add 2024H1 to Tesla or leave it in the legacy chart. Doesnt make a big difference in the bigger picture but one could think you want to hide Tesla sales in 2024. Oh and thanks for your content :-)

[@braddibble5581]

The China Megafactory may be much bigger than Lathrop, but don't know that it would only do Megapacks. Would make sense to do Powerwalls and charging infrastructure equipment. Either way, it makes Tesla more money either way and giving it domination in the green future.

[@Mand-jw9gi]

GM has to sell EV's at a huge loss...

[@carloslaue1236]

Because when you make shitty EVs, noone's going to buy it? What a surprise!

[@SparkySho]

U don’t say

[@ChicagoBob123]

Edmunds did day they liked the driving dynamics of the ioniq N

[@nigelgrimmett851]

Great to see GM moving forward. Would like to see them succeed more than any other brand and I come from the UK.

[@jorleifaagard6051]

Regarding Chevy Equinox FWD = Front Wheel Drive AWD = All Wheel Drive

[@sat7755]

Thanks Lars, as usual just superlative. Sorry I can't find a more complementing word.

[@ittekimasu2441]

nice jab at meetkevin😁

[@markrowland1366]

Thanks for truely greate news.

[@mylimomelbourne4757]

100% and 10 points, Australian’s really love Norways pension system scheme but doubt the adoption of EV’s in Australia, I think Norway mite be 96% EV new car sales so it’s just a matter of time before Australians work the contradiction and information being made available to them…by the love sick of small diesel truck owners and there leaders

[@coryturnbull5444]

Some people say, where is RoboTaxi? I say, where are the other 20 something models of EV's that GM promised? Tesla turns impossible into late, and I think he may be sandbagging lately, haha. Oct 10 !! Thanks Lars, love your channel.

[@tomwaller6893]

Wonderful News. If Only Scotland was a Nation again in charge of our own Green Energy and EV future.

[@charliequach6399]

I think Tesla is ramping up for a record quarter. They started the referral program again in Australia. $700 off for a new Tesla and you get 350 Tesla credit.

[@freas8520]

At 7:11 FWD means front wheel drive, not four wheel drive!

[@stefanpredl6849]

Since the instant tourghe will make the front tires lighter than then the load shifting to the back. I call it dumb audisteer or electrinicly castrathed to limit tourghe

[@frederickfaller899]

GM won’t be around long enough to make a difference

[@100_percent_bs8]

Can’t believe we’ve been talking about 20 million cars after huge growth every year and here we are fighting to get back to last year’s numbers. Not good.

[@markplott4820]

Best in Tesla - Tesla semi will Likely only get Active Safety first, then Highway autopilot , and later EAP+ and possibly Platoon Following ONLY using EAP+. the whole platoon will only Require (1) human Driver to Direct Multiple semi in the Future. FSD is not needed for MAIN semi operations, only EAP+.

[@dennisgale8383]

Could it be that Tesla is the only EV in the world that is profitable?

[@stigbengtsson7026]

BYD ?? Isn't that hybrids included in the numbers 🤔 ?? Or am I wrong ??

[@DougWilliams06]

Not that it matters but Tesla was founded in 2003-ish. I actually interviewed with them in 2007 when they were still in San Carlos.

[@SparkySho]

I bet ur smart azz he’ll to !!

[@mikemulrooney4824]

Good vid

[@fredhearty1762]

The GM, VW, Nissan numbers are shocking... at least for legacy auto. They are each about to crater in a year... not 'by 2035'.

[@BH195829]

Larz - GM sold nothing. They shipped them to their dealers. You won’t know for months whether they sold them or not. They just pile them into their dealers.🤔

[@vvvci]

Congratulations, Lars, that fully 96% of all car sales in Norway in Sept 2024 were EVs. And this despite Norway's nominally "hostile to EVs" cold climate and remote from civilization terrain. Norwegians are really mastering use of EVs in cold weather. And we are still effectively in the FORD MODEL T era of EVs - just 2nd generation in from from the earliest mass production of Roadsters and Model S not even 20 years ago! Or think of today's EVs as the 1930s equivalent of fighter aircraft: no longer wood and cloth biplanes, but only the first generation of all metal monoplanes. Things will only continue to get better - safer, cheaper, more reliable, longer range, less dependence on rare minerals - as EV progress keeps moving forwards

[@larryenoksen]

FWD = Front Wheel Drive in US not four wheel drive. Price is $35,000 not $27,500 (+7,500 government tax credit - which many people won’t qualify for).

[@user-mi3pv7ql4g]

That GM car at 7:00 is 4 wheel drive or Front wheel drive?

[@frederickfaller899]

It’s junk probably made in China or Korea in some old Buick factory

[@williamscoggin1509]

I think the new mega pack factory being so big in Shanghai is just to have expansion room already built just like when they built giga Texas.

[@intelligentcomputing]

Lars, thank you for the great content! I'm curious, have you seen a drop-off in views per video since Elon declared his endorsement of Trump back in July or thereabouts?

[@wirksam6754]

Tesla should maintain its high success in the markets: New models, more integration, … .

[@tequila852]

It's quite clear that robotaxis will begin their service by delivering food, and they already have success in their pocket.

[@omeb2412]

GM: FWD = Front wheel drive not 4WD .... in US 4WD is called AWD All-wheel-drive...

[@peterhochstrasser6044]

You're being carried away a wee bit, Lars: not even Tesla works with negative time - Production start Q1 2024 ...

[@TeslaEVolution]

LEGACY AUTO WILL NEED : UBI Sooner than most realize!!!

[@juergenheymann6362]

FWD - Front Wheel Drive

[@HunsterHunter]

Confidently. 😀

[@thobekanikhoza4038]

Lucid must just shut down if it cannot convert its manufacturing model into an efficient one (unboxing), if it cant produce a cheaper car, if will not licence FSD...

[@Mrkevino77]

Yes!

[@machoopichoo2]

The Porsche Macan't?

[@brilanto]

Same as Tie can't...

[@machoopichoo2]

@@brilanto Good one. Two real life classics: - Audi E-tron. Etron is French for turd. - Years ago Chevy sold the Nova in Spain. Unfortunately, No va, means doesn't go in Spanish.

[@brilanto]

@@machoopichoo2 How is Mark BS Spiegel's "Tesla killer" IPace doing? 🤣 Has Porsche or Tesla the world's most sold EVs?

[@machoopichoo2]

@@brilanto Indeed. Mark short shorts Spiegel, also though the M-3 was vaporware. He's only outdone by the one hit wonder and now embezzler Dim Chanos. Also, Americans won't adopt BEVs, en mass. Is that why the Model Y is #2 in America, ahead of the F-150?

[@zmanred95]

Equinox FWD is not 4 Wheel Drive. It's FRONT Wheel Drive.

[@frederickfaller899]

More GM marketing BS GM is Dead

[@carloslaue1236]

Turbo versions of EVs are for the men whose are lacking a couple of inches down there.

[@SparkySho]

Me

[@milhead00]

Equinox is a Front Wheel Drive car... F!=4

[@larrydugan1441]

Sales levels are interesting however leaving out the high level of subsidies and penalties for ICE cars leaves the viewer with incomplete knowledge. Norway is a very wealthy country.

[@SgtCrypto]

When a know it all gets it wrong🤣😂🤣😂 27:19

[@richb2229]

Model Y beating the F250 in US sales is bad news for Ford. Juniper version of model Y should put it on top of this list. And, If Tesla is able, or willing to produce a cheaper car, it will mark a new chapter for Tesla and stick a fork in legacy Auto. Of course RoboTaxi will be important for Tesla and should mark the transition crossover point from ICE to BEV’s. Energy and Optimus should add a Trillion dollar valuation each by 2030.

[@chenyansong]

I think you mean F-150? F-250 is a lower volume model.

[@brians7613]

they don’t make it easy enough for guys like me to recycle phones and batteries so in the garbage, can they go? That’s convenient. Perhaps every gas station should have a convenient garbage can outside for batteries and cell phones. Maybe a paper shredder for the cell phones to be dropped into at the gas station

[@jbak6892]

FWD is front wheel drive...

[@frederickfaller899]

Cheap way to assemble a car

[@doylewillis9587]

I only watched the ones that have the slap😂😂 just kidding I just love to slap add the information

[@antoniopalmero4063]

Yes

[@Lovejazz01]

Jim Farley, make sure you tell your customers not to stand there by the car and wait while it’s charging ( that’s what all the naysayers think you have to do) 😄😄😄😄…

[@simon-c2y]

How is it the unions fault if the cars are so bad? Blame the CEO.

[@pranshukrishna5105]

2:42 imp, 16:39, 23:54

[@dougm659]

Ironic that GM has come out with a low cost EV which could be very popular….only problem is, the more they sell, the more money they lose 😂😂😂😂😂. RIP GM…..you led (the legacy players into bankruptcy) and that matters!

[@SparkySho]

Seventh million electric vehicle produced fourth quarter 2024 Mic drop moment (Add a helluva TTTEEESSSSLAP here )

[@kneekoo]

This just in from The Competition™: _"Tis' but a flesh wound!"_

[@Dogman3690]

EV Lars ✔️🖖🌎

[@markuss3735]

Why does the new ELECTRIC Porsche have a TURBO version? Since when do EVs have turbos? Makes no sense. Or is it just what they call the performance version?

[@geirmyrvagnes8718]

Same as with razor blades, computers or rock bands, you can market products (especially to men) by putting turbo in the name or description.

[@paulstubbs7678]

Cooling fan?

[@carloslaue1236]

Turbo means you need to boost your ego for the lack of a couple of inches down there

[@snookmeister55]

Regarding Porche electric, Turbo seems to have two meanings (1) high-performance dual motor and (2) turbocharged ice-hybrid.

[@geirmyrvagnes8718]

@@snookmeister55 I think it is mostly Porsche lore: 911 was the expensive fast one, and 911 Turbo was the more expensive faster one.

[@Henrik1966]

I‘m curious (also) to see what reaction the 10-10 „WE ROBOT“ keynote will have on the Tesla share … whether the so-called financial “experts“ will be bearish or bullish. I presume that they (no matter what) will still not to be able to see the BIG plan … but they will eventually.

[@BrunoHeggli-zp3nl]

Big plans meaning nothing If they dont Work!

[@snookmeister55]

TSLA is a yo-yo but I'm in.

[@Henrik1966]

@@snookmeister55 Me too … ;-)

[@kirkdemadaler7041]

Tesla's business model just crushes the legacy companies...in a word "Overhead" is what kills you! Debt, management, advertising, Sales force, Unions, etc. Tesla is doing an excellent job of doing an excellent job...put the money your saving in overhead into product design and execution. It's not about how many your selling but the end of year profit your making, simply put 2+2=4...simple math still works. Legacy builders are crushed by their business model...Tesla makes profit today!

[@pauldaggett6759]

FWD = Front Wheel Drive….

[@keilder8543]

When you say "Be Nice"... does that mean "Buy EV, Not Internal Combustion Engine"? 😮

[@TeslaEVolution]

GM EQUINOX must sell at a COLLOSSAL LOSS/CAR!!! Likely $30k LOSS/UNIT! INSANE.

[@gringoviejo1935]

why is tRump advertising on here?

[@MindFieldMusic]

Whoever that FSD bear is... he's definitely someone I have no interest in meeting 😂

[@tomhayden9672]

7:11 FWD = Front wheel drive (🤮)

[@KJSvitko]

Diesel gate exposed VWs poor management decisions.

[@carloslaue1236]

Never going to buy anything from the liars again! I had a Skoda and a Seat, now a proud owner of a TMY 😎

[@snookmeister55]

Dieselgate also exposed a larger price-rigging cooperation amongst German automakers.

[@LucyMerry-c5b]

Thanks for the continuous updates! All we need is the right advice on how to invest in crypto and we will be set for life, made $28,000 profit last week regardless of how bad it gets on the economy.

[@ralphken5583]

Same here, I believe the Bitcoin ETFs approval will be a life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor < Mrs Linda Raschke> I totally agree with you

[@AgathaClara-g1y]

YES!!! that's exactly her name (Mrs Linda Raschke) so many people have recommended highly about her and I'm just starting with her from Australia 🇦🇺

[@MercyKen-zg3pj]

I'm a long term investor, I withdrew my profits of £61,000 during the Xmas period last year

[@EvansMc-qi4pp]

This sounds so good and I would like to be a party to it, is there any way I can speak with her?

[@ralphken5583]

Sure! She interacts on what's App using the digit below 👇

[@TeslaEVolution]

IF YOU'RE POOOR (Just for monetary reasons) you should own a TESLA=CHEAPEST EVER car to own! Cheaper than a Corolla over 5 years, especially with Federal - and State rebates, we just did use Federal rebate in calculations. TESLA-FOR THE POOR : ) Who would've thought????

[@8bitbender495]

Lars jeg kigget faktisk på Skodas Elrog, men de faktisk 30.000-40.000kr i forhold til en model 3 og model y gamle model med det udstyr de har 🤣

[@jasonbrown7330]

I know it violates the current way of viewing the world but I have to share my own personal questions. Specifically the performance of GM and the fact that they have been upset from their position as the largest auto manufacturer in the world by units sold annually and total revenue annually. It appears to me that there is multiple factors responsible. There is Ofcourse the disruption that EV’s have introduced however that really is not a valid excuse for the absolutely abysmal performance the past few years since they were literally number one in the industry which should have been an enormous advantage over all of other companies in the industry. Also the fact that they have been in business for over 100 years should have been an advantage. Despite these facts they have failed miserably and have been lying, having powerful connections lye on their behalf and making absolutely absurd claims about how they have these ingenious plans to capture the title of first place in the automotive industry once again. I think that it is obvious now that they have lied to their shareholders for years and in my opinion have literally defrauded stock investors intentionally which is a criminal offense as well as immoral. Now to be clear I do not have any bias against the idea of women’s rights . I do disagree very strongly with the idea that there is not any difference between men and woman and that there are no circumstances that exist that there is a definite advantage and clear benefits to having a particular sex performing certain roles. My point is that maybe just maybe shareholders made a huge mistake when they elected a female for ceo. I think there is an argument that can be made that under Mary Barra GM has steadily declined and is now headed for bankruptcy

[@grzegorzkapica7930]

I am wanting to spread the message, but I can’t because you do not give source links to tables you give. No sources is no go.

[@grzegorzkapica7930]

I can not prove, if you do not cherrypick the data. So your vide is useless in sense of convincing my friends of EV

[@SparkySho]

Quit quit quit it Mr Lars !! Stop tellin th world how bad Gm is doin in Norway … they leading the World in electrification just by makin an announcement…. Announcements are easier than Prototypes yehehe

[@davidbeppler3032]

What is the Gov going to do when Tesla is the Monopoly car company in the US? With Tesla building millions of Tesla Cabs nobody is buying cars and now Tesla has a Monopoly and other companies want that money and they are willing to pay Congress to get it! FSD is too safe and no competitors can copy it, that makes it a Monopoly! Tesla will have to lease out it's FSD. It is a safety issue that no other company can afford to spend 10 years and $10 billion trying to compete! The market is unfair with Tesla being the biggest Battery producer in America and that is a Monopoly! Tesla Bot has 97% share of the bot market! That is a Monopoly! Something must be done! So glad I own stock. Just wish I owned more.

[@carloslaue1236]

Tesla is no monopoly. Ford. GM and others are trying to keep their status of almost monopoly or to grab a monopoly of EVs, but even with insane profit losses, they can't compete with Tesla. Efficiency rulezzzz :-B

[@davidbeppler3032]

@@carloslaue1236 With Ford and GM going out of business and not producing any cars. Tesla is the monopoly.

[@donfields1234]

the internet.... best place to showcase your ignorance quick as lightning ⚡🌩️⛈️

[@carloslaue1236]

As owning an F-1, or an F-150 ⚡ lmao

[@edmund2j]

Hey, stop putting down GM. President Biden said they are #1 in EV delivery.

[@frederickfaller899]

He lied and it matters