Shelving Model 2 for Robotaxi could be a gamble that defines Tesla, says Wedbush's Dan Ives
2024 ж. 2 Мам.
57 795 Рет қаралды
Dan Ives, Wedbush Securities managing director, joins 'Squawk on the Street' to discuss why Ives believes shelving Tesla's Model 2 for Robotaxi would be a considerable gamble, what would be a disaster of epic proportions, and more.
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This guy’s phrasing always cracks me up
What can you do when you have no real substance backing up your bullishness?
Same here, which is partly why I'd never take investment advice from him
Fork in the road moment, playing checkers not chess now, white knuckle moment, Cinderella story, nightmare on elm street, no adult in the room, epic proportions, white towel, black hole, horror show. Category 5 storm, talk the talk walk the walk
Lol😂
You missed the Ted Striker Airplane reference and Game of Thrones in China.
If Trump was an analyst, this is how he’d sound like! lol You know, too many people are blinded by the share price decline, not realizing all companies in the space are being impacted by higher interest rates and a global slowdown out of everyone’s hands, and discounting Elon’s ability to leap frog industries and make truly world changing tech has proven to be futile. He’s a genius, a little nerdy, socially awkward and too right leaning for some, and so what? What defines success is what you leave behind when you are gone. He created the EV industry, redefined the space industry, is on the forefront of autonomy, power and AI. What have any of us achieved? Nada. When the share price moves up again, the so-called Bulls turned bullchitters will follow Elon like sheep to $1,000 a share or more. Mark this post. The financial world has amnesia when they get in at the right price. If you believe in the Tesla story, there’s never been a better time to be invested. Remember what Buffet said. Bring it down more please!
Robo taxi is a decade or more away
you never tried FSD have you?
@@Wongseifu548FSD has had numerous fatal accidents and malfunctions.
@@geelangfordo3272 name one techology in the world that mets its potential instantly. By that logic if a techonology has problems early then it should be instantly abandoned. If that were the case we would have no car in the first place
15 years
@@Wongseifu548dude how did you try to debate them about saying FSD is over a decade away, then talk about the technology needing more time to reach its potential? They literally just said it needs more time ffs🤦🏿♂️.
imagine for every Cybertruck, they could have produced/sold four model 2s
Not the right time for m2. Batteries are still expensive unless the m2 would only have 200 miles of range. Let the battery cost come down a bit more.
I agree Musk should have definitely focused on the model 2 and forgot about that ugly cyber truck 💯💯💯💯
@@cory8837 tesla moat is their software and charging infrastructure, therefore they need to get as many cars on the road as possible. As an EV company they are worthless (similar to LCID, RIVN, etc)
@@cory8837It's $60 kwh. It has come way down.
Not how it works. The CT introduces a lot of tech that's being refined and simplified into the M2. Just like the Model 3 is one gen after Model S.
Did they ever clarify? Or "they're lying" was the last statement? Not sure what's so hard to officially clarify if they canned it or not.
It's officially postponed until Robotaxi is done. In the world of production, that is no different than cancelled. If Robotaxi fails to materialize then Tesla is done. They would have run out of money and no products to sell.
Musk will let the stock tank till the board and investors agree to his terms of 25% shares and his absurd pay package. Let's see what Tuesday brings, my hunch is that there will be no adult in the room.
When was Model 2 ever announced?!
Musk has said repeatedly there's a new manufacturing paradigm they've developed that will lead to a low-cost model.
Dude sounds like Pauly Shore 😂😊
I have lost confidence in Elon's judgement....
if they went with the model 2, stock would have been tough for the next 3-6 months. Now they're going full FSD & Robotaxi, stock is going to be tough for the next 6-12 months but more upside. Narrative is pretty bad and will eventually buy on the next few dips.
@@penname4764 that is if RoboTaxis work. You know one death will push the project back by 5-10 years.
His ego is getting in the way. Cyber truck was stupid. And the semi was a waste of resources. He wants to be in the spot light.
That was from 2019@@habaneropepper8025
"Robotaxi" is the ultimate vaporware BS...that they have such a stale product range is a massive red flag.. this thing is going to $50
Donkey chant
There’s no point in making a model 2. That market is gonna be so crowded it will be nuts.
Im for all in on robotaxi. Model 3 used is already within a model 2 price range. Elon has made the ‘impossible’ happen before: this is the guy who took on NASA and everyone thought it a pie in the sky goal; created an EV market and infrastructure when everyone said the legacy makers had failed so he would too; neuralink; etc… Wont be a smooth ride but I wouldn’t count him out.
@@SonTimba I admire Elon, I just think Tesla has been massively overhyped as an investment. It's become a cult, with a valuation totally divorced from its (deteriorating) fundamentals.
@donkeychan491 you wouldn't be saying that if you experienced FSD v12 firsthand
lol: imagine Jensen next earnings call “ok putting Blackwell on the shelf, but trust us, in 2035 we got this ‘thing’”.
I think the "clock has truck midnight" for the Cinderella story of dan ives.
How insanely quick it rose is how insanely it is falling…😅😅😢😢😢
That would be the end of Tesla
Didn’t Tesla announce the demise of the model 2 a month or so back ?
Ni they didn't it's Reuters spewing out bs without substantiation
Whether he announced it, or it was leaked, it's game over for Tesla without a Model 2. Where is the growth going to come from?
👑 of Tech and Style: Dan Ives
Well said
You guys you keep attacking Tesla, She interviewed Maxim Watters, Why she didn’t ask her about FTX?
Why bring on Dan all the time. He doesn't really say anything. Just his buzzwords. White-knuckle, Game of Thrones, and on and on. What a load of garbage!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
For a sheer entertainment value lol
A few months ago he was talking about get the popcorn moment. He is so way off.
"Its a story about Alladin and at this point, Musk needs to seriously open sesame"
It's about doing something first that no one else can copy. Releasing a model 2 won't be a huge boost in growth in china and other countries because of BYD. They can easily just make their own 25k car. But no one can beat tesla to a fully autonomous taxi.
Maybe by next year we can get a FSD Super Bowl commercial. That would do tremendous things for the brand. Probably won’t happen, but I wonder when they’ll start a legit marketing campaign
Tesla is a giant memestock. You might as well buy gamestop and hope they start producing cars lol.
Tesla Cybertruck went from Total Eclipse Of My Heart to Total Recall in less than six months.
Dan "Sound Bite" Ives.... White Knuckle, Adult in the Room, Darker Days Ahead, Cinderella Story, Control the Narrative.
Dan is going down with ship, he loved it at $350
This guy just thrown around the same dozen cliches but keeps it price target at $315. He has been spectacularly wrong on Tesla (and Apple) for more than a year. These perma bulls will never reduce their TSLA price target even after earnings got destroyed and revenue starting to shrink as well. But they're still regular guests on various channels and digital platforms.
If y’all so confident in there downfall then put your life saving on Options! and see the outcome
Options isn't investing, it's no different than going to casino.
Dan nails it. Innovate with great products, stop crying about poor compensation, limit wasted time at X. Bring Tesla back!
Smh so much hopium for tesla stock.
robotaxi is a dreampipe. No lidar, no robotaxi
Nio 😉
That's what Musk does- sells a pipedream bides time, then another pipedream, bides more time 😮😢
FSD is not ready. I have to step in every few mins
Model 2 will be released when model 3/Y prices go back up.
Sadly the "adult in the room" was always Zach Kirkhorn. The adults have all "stepped down" at Tesla, allowing Elon to play with this toys -- his Cyberbrick, his rocket-powered Roadster, and his illegal (mostly imaginary) robot taxi fleet.
wow nice try
Read "1,000% Returns: Taking Advantage the Stock Market's Gross Incompetence." And "Generational Wealth: Beginner's Business & Investing Guide."
It is said that young people can not afford a new car. There is lots of investor info available to young people today and they may prefer to buy a house that will go up in value over a car that will go down in value. Young people might be a good market for Robo Taxi. The Taxi of the future might be referred to as a Tesla. Instead of saying I took an Uber, they might say I took a Tesla.
Self driving is software and computer horsepower. Once the genie is out of the bottle, everyone will have it. Robotaxi's will be the cheapest car made in a place that can make then the cheapest. Probably India. Tesla will not become the equivalent of "Kleenex", meaning they are the definition of the catagory.
Tesla is in dream world about Robotaxi. Fsd is level 3; it has zero hope of being anything better any time soon. It iterally can't hear a siren; it can't hear at all. It can't interpret hand signals from someone directing traffic, it can't back out of a parking spot, it can't negotiate a parking garage. FSD isn't full level 5. It can't recognize a police car or emergency lights; it can't recognize a school bus unloading children; it can't tell a bolder from a tumbleweed or crumpled newpaper. If this is the "big" move - move down to 100. Could Tesla find designated areas where they could run a taxi; maybe so how much profit could it make in 3 years doing it? None.
Problem is Musk and ‘X.’
Dont ever disrespect Big Papi Ives Analogies. Hes a poet. Hes Nas. Let him cook
FSD is decades away
It's highly unlikely there will be solid guidance sadly. The journalist at Reuters must be clinking champagne and nibbling cheese for breaking this story.
So it turns out Musk is the one lying. Reuters call his bluff.
Need Solid State Batteries. Better cold weather performance. 3. much more electric charging infrastructure. If we can get 700 miles on a charge and 5 minute to 80 or 90 percent charge ppl will take renewed interest.
Ice cars can't even do 700 on a single tank. Even the cold causes ice cars perform worse. Your literally saying the only way to get their is to literally crush ice performance not just match it skipping the transition period to get interest back...
@@Wongseifu548 right now 300 miles is the upper end. 500 miles on a charge would be good. Yes 700 is a bit too optimistic.
@@Wongseifu548who doesn’t like crushed ice tho…
I'm tired of hearing from him. Dan should start his own EV Company since he has all the answers. Thank God for Elon's intelligence and how could it even be second guessed. CRAZZZZY
Is Dan Elon's long-long brother?
Basically the whole market is having its EV winter period , across the board most EV are having slower sales due to higher rates and higher living expenses thus the slower sales , i believe Elon has factored it in and thus they focus on the short term on improving Robo system...never go against Elon 😂🎉
Dude sounds like he has down synrome. Tsla stock will bounce and yall will miss out again lmao
I hope Tesla is just enjoying this chaos the 25K vehicle cancellation report caused and they're almost ready to show it and take the world by storm and catch anyone unawares. If it's really delayed or backburnered, it seems like a long time before we'll see growth in auto, and FSD simply doesn't seem robotaxi ready yet.
Its unsafe to have a vehicle that operates on an open road with no human acting as a backup. That will never not be true. Look at planes they have millions of dollars worth of autopilot redundancies and still require pilots.
Not only that, 25k would have a market in Europe, China, Japan and India. And where will robotaxis go, Most large European cities have a suffcient public transport system and are more looking into more areas for pedestraians and reducing car traffic.
He doesn't realize that a $25,000 car is not good enough in today's market because it will be a perpetual race to the bottom as Tesla's competitors simply lower their prices to $20,000. Then $15,000. Tesla needs a first-to-market "gimmick" that will allow them to outmaneuver the price issue. That gimmick is to get FSD working at ALL costs.
Elon is playing chess with bettering humanity with his tech. He is not even thinking about stock holders that are worried about current stock price. Tesla is doing great things. Just not at the pace bag holding stock holders want.
"I tested them" 😂😂 no she didn't
Most likely she could have. Anyone can test them if you go to China
Dan is slurring his speech, but sharp as a tack. 😂
I legitimately cant see how Dan keeps any credibility by keeping his PT at $300. Even if, and I do mean IF they get to robotaxi in any reasonable amount of time, it's not a guarantee to make money. If anything waymo and cruise have shown it to be the opposite thus far. Heck even Uber took a long time to be profitable and they dont have the cap ex of making or owning and maintaining their fleet. But whadda I know, I'm just a guy on KZhead..
Good, let it slide...Getting ready to BUY, BUY,BUY!!!
Now it’s “Musk” and no longer “Elon”
Mr Ives does not know when Robotaxi will be generating revenue. Could be 1 year, 2 years, or 5years. Very arrogant to stay this so definitively. Let’s wait and see what is discussed on Tuesday.
Yes plz sell me your shares!😅
Elon just so doesn't care what these quarter to quarter investors think 😂
As an investor since 2019 I wish he would care.
China market is big enough to have many more EV players. Tesla ,can grow in China together with other players.
Dan Ives is an expert on losing money.
Get real Tesla Pumpers Elon needs to get his priority and get off X and spending his time doing stupid tweets! As we all know when Elon bought Tweeter, Tesla has been going downhill and continue to do so affecting his decision making and priority's. When Elon made Cyber Truck his first priority over the $25,000 sub compact EV that was a wrong decision! Now Elon priority to do the ROBO Taxi first than the $25,000 sub compact EV is a very bad decision as Tesla can sell millions of more sub compact EVs than Cyber truck and ROBO Taxi. The Tesla sub compact that we all were waiting for and thought Tesla was going to the first to have a $25,000 EV before the competition will take over. I hope Elon change his mind and make Tesla $25,000 sub compact EV model 2 which will be the number 1 EV even if the competition is coming but Elon need to push to have this manufacture quickly. The layoff should have happened when they started losing revenues and they probably need to do another 10% to show Wall Street Tesla can be profitable. So, the earning call is going to be the big factor if stockholder will leave Tesla as the sub compact EV will be the key to bring in the revenues needed to solve FSD and to produce the ROBO Taxi which will take years to solve and to have it permitted to run in any State!
looks like chanos was right again.
Dangerous Dan has been so wrong. He speaks in riddles because he is a clown. Comments disconnected with his $300Pt.
You'll have to decide..... you'll have to decide..... you'll have to decide......
White knuckle moments, Cinderella story, nightmare at elm street, disaster of epic proportions lolol
TSLA's current share price reflects a stock with massive sales growth. That Tesla's market has collapsed, the share price needs to drop to a P/E of 6-7 to be fair. There is a fair chance that Tesla could even go out of business, so even that price is too high. There is no floor.
lol no way that is happening and if you really feel that is the case i pitty you. in order for you base case to be true literally anti EV movement has to go to the point where they just outright ban evs and charging station on a state by state basis which will never happen.
Telsa has a massive free cash reserve. Before Tesla goes out of business, GM has to be bailed out again
@@sciencefliestothemoon2305 exactly no way Tesla runs out of cash before the big 3 do
You’re tripping fool
@@Wongseifu548 that, but also, at the moment it feels like one wild decision after another. The 5D chess that will turn out to be 1D...
This guy is all hot air
Robotaxis like Waymo and Cruise are not doing well. I think the potential of that business vs the risk is just not a good bet. People don't just use a car for a pre planned point to point trip and they don't want to ride in a car that thousands of other people have been in. That's just public transportation and we already have the data on how popular it is in the US. We can't just pretend drivers will use it just because there is a new type. And companies should not pretend they will get most of that finite market and all other competitors will magically go away.
people in US use Uber and Lyft all the time so your assumptions are incorrect
@@Johnny_Savage My point exactly. Those services already exist and will not just go away because some other service has no driver. The untapped market is very small.
@@frankcoffeyexactly what they said about taxis when Uber came out 🤦♂️
I have followed closely in anticipation of model 2 for the last three years. The on again off again rhetoric. But musk has had several interviews in which he has stated The Chinese have actually matched and/or surpassed there Car making capabilities. 2 weeks ago I watched an EV program here in the United States that broke down the $11,000. EV from china and gave it high prase. I think Elon himself has thrown up the white flag They're not matching price with that on any level.
Byd is the EV stock to buy
@@angrybrit129doubt thart. With the amount of resistance from both Europe and North America I doubt they can survive outside of China where they get huge domestic subsidies
@@Wongseifu548 lol try researching my friend they have no barriers in the EU and South America and Asia and they beat everyone on price
@@Wongseifu548 BYD is the best selling EV in multiple countries outside of China already.
@@angrybrit129 You need to do your own research considering the EU is investigating Chinese EV manufactuers
lol, dan the man
Imagine listening to Dan Ives for investing advice.
Dan Ives wants gains tomorrow or else. Fella is a flip flopper
Who rode tesla stock of 3-4 yrs ago? Party is over imo.
Lol keep dreaming
Clown show
Tesla needs to spin off Starlink and SpaceX.
You do realize both space x and star link are not linked to tesla beyond elon musk roght
People don’t buy small cars in US
Car for China
People don't buy big cars in Europe. Model 2 will do well in Europe. While Cyber Truck will sell nothing in Europe.
the problem of tesla leadership is exactly that they are US-centric. they've already conquered the US states where they could have done well. next obvious step was the rest of the world and they missed that train by choosing to build CT instead
It was supposed to be a lower priced Tesla (Starting from $40k down to $25k) with innovative manufacturing techniques to reduce costs and expand the EV market.
I’m going all in on Tesla !!!
How many shares you got? What's your cost average?
@@walden6272 long term . I only have 56 shares with avg of $189 , roughly $11,000. Planning to buy more as the price gets discounted 🔥
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bro its gg.
lol wait your serious let me laugh louder LOL
Robo taxi,,,, Another TWITTER 🥴
Who can build a car that cheap. What gas car can you buy for 25000 that people buy.
exactly
You can buy plenty of good gas cars for 25k, most of them will have better built quality than teslas.
Dacia Sandero
@@magyararon6918lol this comment tells me you don't know anything
@@Wongseifu548 Its only an US thing that people pay insane amount of money for an oversized truck that they use to go shopping
Listened to 2 minutes of this Ives guy and couldnt take it. Why is he on so much? Doesnt say anything worthy. Dont like his dress either
I guess the real question is with no new models or noticible updates why would I buy a new Tesla when I can buy used one at 25-50% off? I mean these things are worthless used. Nothing to really draw in new customers. Robotaxis in years if ever at all. Tesla is turning into Nissan except they arent as cheap and are more of a pain in the butt to live with.
You have never owned a tesla or an ev in general have you
@@Wongseifu548 Yes I have. I own a Toyota supra with a dual motor Tesla swap in the rear currently
@@jordanslingluff287 so you are basing this on a car that you own that was never meant to have an ev battery......
@@Wongseifu548 No the Tesla I took it out of still ran. I've drove dozens of diy EVs. Several Teslas.
@@jordanslingluff287 But your logic is Teslas used are worthless which just like an ICE car its always a variety of factors before you make that determination specifically amount of miles on the car then with an ICE engine how well the engine was taken car of and with an EV how many charges its been through. Its never a they are worthless used
Well well well. Guess Elon got thebmeno
Does anyone see what I see? He's not wearing his clown suit today
Bozo analyst got lucky with Apple and think they are superstar analyst
Elon is tanking the stock so he can buy more shares and hold more ownership
Unless Tesla upgrades design, it’s becoming the Prius of Toyota, that ugly design.
Elon on twitter liking and replying in favor of racist posts against Black people.
Elon should of bought a nickel mine. Made a normal truck look. Never outsourced charging network. Never mentioned a model 2 because model 3 is the bottom line for usability. Bought Superbowl commercials
Ives is lost. He needs to go away.
Tesla will be $ 200 after earning
With Tesla execs Drew Baglino and Rohan Patel leaving the company, you can tell, the Model 2 train left the station already. Musk is all-in in a game, nobody knows if there is even a prize to win at the end. What's totally clear by now, Musk isn't aiming anymore for 20 million sold cars by 2030.
Poor Dan, he still hasn't figured out that The Clean Energy "theme" was A BIG #SCAM! But he will when TSLA files for BK.
Lol keep telling yourself that
I didn't know Tesla was going to buy burger king
Both your immature and amateur arses are owned, TSLA will retrace the whole move from 2020. By then, your pink jacket wearing Guru will fire off a sell signal.
It’s over for Tesla. The people want BYD. 10-15k evs are coming to everyone!
lol other then their cheap price point BYD is trash and trash people in the EU and the NA do not want
Put me down on record. I bought nearly every dip. The fortunate thing? There were many dips. I can't wait for the EARNING'S DIP!!!!!
his accent is extremely FUNNY.....