Tesla's Cybertruck & Semi is Ramping up - Tesla set new records -  VW wants to stop selling cars

Intro [Music] hi and welcome to beston Tesla news episode 238 we have rumors about a new Tesla battery event to be H in the Berlin Factory and Tesla is once again setting new records in China and the Legacy automakers are nowhere to be seen and we are seeing that BS are growing in 2024 despite mainstream media wanting to tell us otherwise and Volkswagen wants to stop selling cars in the future and the Tesla semi truck has arrived in Europe and the production of the semi prototype is ramping up and the new Factory goes vertical and Elon shows off Tesla's new super computer and Tesla's model 3 continues winning more Awards all of this and much much more in today's episode Let's Start Right In Intro Music [Music] let's put our living stereo stylus in this [Music] groove Tesla is once again setting new records in China and Legacy automakers Tesla still dominating in China in the NEV market, but legacy is gone are nowhere to be seen But while Tesla is still making records and leading the leaderboards as you can see here the Tesla mon is the best selling EV between 200,000 to 300,000 rmbs in China in July of 2024 but the Legacy automakers have completely fallen behind in China's race for new energy Vehicles the only one we find on this list is the id4 X and cross and their sales are almost 10 times smaller than the Tes mod Y and as I showed off last week's new show the xiaomi su7 made a great start and is actually second on this list of July very impressive and then we have the Seeker 001 as number 3 and then Tesla Model 3 in fourth place and then byd on the next two spots before we have xing's new G6 that is basically just a model y copy so going to be exciting to see if that can get some momentum as model y over the next few years but Legacy automakers are nowhere to be found on any top selling list of EVS on new energy Vehicles other than Volkswagen here it is not looking good for legacies in China but even if we look at the luxury side of the market and not just the 200 to 300,000 rnbs Tesla is the number one best-selling luxury car in China for three consecutive weeks now beating the likes of Mercedes and Audi at their own game and Tesla just made some more incentive to get a Tesla in China Tesla China has yet again extended their 5year 0% interest loan for the new model 3 iny purchases it is now slated to end at the 30th of September if they don't extend it once again so let's see if they can boost Tesla sales even more and make an end of the quarter push because they are still down compared to last year but nonetheless leading the race by a huge margin and Tesla's production in China is once again back at all-time high levels as test Chan wrote on X Giga Shanghai produced 88553 vehicles in July this is the highest production volume this year and only one month last year in November was actually bigger than this so Shanghai is Once Again full steam ahead but still missing a little Gap about 7,000 units compared to last year's numbers but if this production keeps Pace we should see that Gap close very very soon and the Tesla Model 3 wins the lowest complaint rate title among the bestselling cars in q1 in China but this has been the case for almost every quarter for the past 4 years yes you might hear a lot of hate about Tesla's build quality but in reality Tesla has the least complained about car so I think it's fair to say their build quality is quite quite all right and you guys know I care a lot about my online security and when you see headlines like this data of three billion people exposed in one of the largest data breaches in history well it makes you worry as this information these data Brokers has is personal information including names and aliases Social Security numbers login credentials home address location history online activity and much much more in the wrong hands information like logging credential Social Security numbers and financial data can lead to identity theft huge loans has even been taken under people's names without them even knowing about it and these guys using your data have probably just bought it from one of these data Brokers there is a whole market for selling and buying personal data but there is a way you can avoid being part of these data breaches because you can actually demand to get your personal data removed from these lists but it is almost impossible to do by yourself as there are hundreds of list and how do you even find them a report indicate that none of the individuals from the three billion personel that got their data lead who use the service like incog are included in the data dump and that is why I have partnered up with incog that is the sponsor of this video incog puts an end to these problems incog reaches out to data Brokers on your behalf request your personal data removed and deal with any objection from their side with the family and friends plan you can also add up to four members to your subscription meaning they will benefit from the same exact Service as you do and it is fast within minutes they had found 46 list that my personal data was on and removed 13 of them within minutes and 33 were still in progress as you can track their work and see how many requests they have send out and how many they're still working on and how many have been successful so if you want to take back your privacy click my link in the description below it will not only support this channel but you will get a big discount of 60% off your annual plan by using my discount code best in Tesla at checkout so enjoy my friends and thanks to inog for sponsoring this video Tesla down in Europe, but still leading the way we see Tesa still dominating even though they are down this year in Europe and shared on X that in July a total of only 45 vehicles with an internal combustion engines were registered in all of Norway ice vehicles are dead man walking yes and the rest of Scandinavia is following in Norway's footstep and soon the rest of Europe will as well the Tesla Model Y is also the most common fully electric SUV in Germany with over 100,000 registrations so even though protester sales numbers are down in Germany in 2024 they still have the bestselling electric SUV in Germany and Roland also made this chart showing us the growth or lack thereof in Europe by brand compared to last year and as you can see Tesla is down 12% in Europe in general not just in Germany while Legacy automega Brands like fals wagen Toyota BMW scoda are growing but we can also see that even even though EV sales dropped significantly in the beginning of 2024 and Tesla's market share in Europe dropped big after the first quarter Tesla's market share in Europe trailing 3 months is actually growing again and don't forget to zoom out to get the whole picture because Over The Last 5 Years Tesla is still by far the car company that has grown the most in Europe and then we are only down to six car companies that has actually grown over that period of 5 years but even though someone this list is up in their overall sales I think it is hiding the overall trouble the German automakers are in with their shift to EVS as we could also see in this article this week the Auto industry is threatened with massive job Cuts automakers such as Volkswagen Mercedes and Tesla want to cut thousands of job I must say I have not heard anything about Tesla cutting jobs in Europe so don't think that is true but anyway so do suppliers such as boss continental and Sheffer industry expert Stefan bratzel is not surprised that transformation has fully taken hold of German car manufacturers bretzel and his team had already predicted this years ago that the advancement of electromobility would require 20 to 25% fewer jobs but the change to water electric cars has stalled there are more and more manufacturers and suppliers who are experienced trouble in the cause of this transformation said bratzel and there are several reasons for this the economy is weakening geopolitical tension and armed conflict are causing considerably uncertainty in many regions explains Constantine managing partner and head of Mobility at ey for the Europe west region the many uncertain surrounding charging infrastructure or subsidies for purchases are also slowing down e-mobility as a result sales of electric cars are disappointing in both Europe and the US in other words there is a lack of demand from the market manufacturers are therefore faced with a difficult decision says SC continuing to invest a lot of money in the development of hardto sell electric cars or develop new combustion engine models in parallel with the new electric cars which caused even more money I personally think the choice is pretty simple continue to develop the car of the future and not waste money on the past but that is of course a very difficult choice for the old guys as the car of the past is still the one that is making the money and the car of the future is losing the money and we of course have to remember that EV sales have not stalled as they say in this article as we are still on track to hit some like 17 million pluckin Vehicles this year and Global bevs has already grown 12% this year as I will get back to in the next story but last year there was about 14 million plucking sold so the market is not stalling but there are more and more competition ramping up and fighting for the same Market but yes it is all a bit messy right now with all the geopolitical tension the subsidies coming and going and high interest rates and so on but I think we will see a big jump in demand again in 2025 as we will get stricter emission targets here in Europe and hybrid utility Factor will be lowered and forcing everyone to make more bevs but we are between two growth waves not just for Tesla as Tesla has explained but for the most of the industry but starting to panic now and invest in a dying technology would in my opinion be the wrong move but as as always time will tell and Jean yurias from the EV universe made a great newsletter this BEV are still growing despite what MSM tells you week about the state of beev growth around the world if you are not subscribed to his newsletter you definitely should as he has a lot of great data and he wrote he managed to track down about 4.5 million electric vehicle sales across 54 markets in the first half of 2024 this means that he Tracked Down 98.5% of all EV sales fors so that is very cool and as you can see bevs grew 12.4% globally in the first half of 2024 compared to 2023 so no they are not stalling still growing so if you hear mainstream media screaming about the EVS are going down well that is simply just not true bevs are still growing China LW lost 6.1% of the world's EV market share while Europe gained 1.2% the US 1.6% and the rest of the world 3.3% the rest of the world is starting to outpace China Europe and the US in EV growth this year the reasons are both the rest of the world countries own evolving landscape the increasing export of Chinese EVs and from now on another Catalyst will be the protectionist measures of the EU and the US us so if the Chinese can't sell the EVS in Europe and the us right now they will just export them to the rest of the world and start dominating the EV sales there as we can also see here on this list of the countries that more than doubled their Bev sales in the first half of 20124 that is all countries outside the three big markets as the Chinese work on getting their factories built in Europe and in Mexico as I made a whole video about this week where there is a loophole to get into the US market Duty free and he also made this nice list of all the many countries that are above 20% Bev market share and that is quite a few and that also includes the biggest Market in the world China with 25% Bev market share but if we look at the overall leaderboard we can see the trend continues the Tesla malaai is the bestselling electric vehicle no matter if you look at the US Europe or the Chinese market so again Tesla is still doing very very well and the second place we can also see that is a Tesla as well in both the US and Europe and that is of course the Tes model 3 only in China do we see byd's seagull taking second place but as I showed in last week's new show the model Y is outpacing the little seagull by quite a bit and the impressive thing is that the seagull is only like onethird of the price of the model Y and here on this chart from CN they include the July numbers and here the Tesla Model 3 is actually sitting on the third best selling spot so it seems like the model 3 sales have really taken off in July that has also been the best July ever for Tesla in China so new record for Tesla there as well so no matter where we look Tesla is still dominating with its EV models no matter how we look at it also a thing to remember is that Tesla is still basically the only EV maker that is truly profitable as we could see byd did actually have a negative free cash flow in the first half of 2024 so they are definitely feeling the price War in China as we could also see in AJ's chart that byd's cash balance decreased 39% quarter over quarter to just 7.3 billion 39% in a quarter that's a lot to the lowest level in six quarters and when We compare that to Tesla that still has positive free cash flow and adding money to the cash balance and now have $30 billion in the bank even though Tesla is still aggressively investing in Ai and Robotics while byd is cutting cost for their R&D it is also just a really good Showcase of how good Tesla is doing even compared to their biggest competitor in the EV space but we also had another example where EVS has dropped significantly just as we saw in Germany the biggest car market in Europe and one of the biggest reasons why EVS are not growing as fast as they did last year in Europe but in New Zealand we can see the same thing happening their EV sales has dropped off a cliff but why well here the government has also scrapped the clean car discount policy and introduced Road user charge scheme for EVS where they pay nearly twice as much in road taxes over the nonlin hybrids and 23% more than a gas car so that of course will have a big effect on the EV sales and we can also see it did but it seems that the sales are slowly starting to level back with 8.5% market share in June but still a long way to go to get back to 223's level but also we're to take away the eveve incentive and then tax them more than ice cars that will definitely not help them to accelerate to a sustainable future and Volkswagen one to stop selling cars in the future VW want to stop selling cars Volkswagen is transforming its business model from selling cars to retaining ownership throughout the vehicles's life cycle currently 60% of new vehicles remains on Volkswagen's books with plans to increase this aiming for 80% of electric vehicles and 50% of combustion engine cars this High numbers of cars still on Volkswagen books is also because Volkswagen Lee more cars to companies than to private persons this shift position Volkswagen as a Mobility provider rather than a traditional car seller Christian dalheim of Volkswagen Financial Service highlighted this as a more than a software update it's a fundamental change to focus on vehicle use over ownership customers will accept Mobility service like leasing rental subscription and car sharing via an app with Volkswagen partnering for some service like car sharing however the strategy raises question about its viability especially when compared to competitors like Tesla that in the not so distant future might be offering autonomous vehicles at a potential much lower cost critics argue that the high cost of leasing where half of the vehicle's price might be paid in Just 4 years for just 40,000 kilm could lead customers to feel overcharged potentially on mining Volkswagen's new approach so I think the idea would probably backfire on Volkswagen as they are working towards this model as we are heading into the autonomous future where we can get transport as a service which would be a lot cheaper than leasing your ID 3 I personally think it's simply just because fals wi cannot sell their uncompetitive EVs and that is why we are seeing they aiming for 80% of their bevs that might never leave their books but they have to find a way to get these BS to become a good business case for them I just think this will be too late as we are nearing full self driving casts that will change the game completely and I don't think many is willing to lease a Volkswagen Bev at that point but we will see what will happen with Volkswagen over the next 5 years and let's squeeze in last Short news topics into this new The TESLA SHORTS show yes it's time for the Tesla shorts and we saw new jobs in Europe for Tesla ahead of Business Development for semi trucks now that sounds very interesting and we did also see two semi trucks being delivered to the Berlin Factory so it seems like Tesla is gearing up to get some semi trucks to Europe as they Ram up production of the SEMA truck in the upcoming Factory in Nevada which is under construction as we speak it even went vertical this week but they of course already have their prototype production happening in Nevada and here we can see 23 semi trucks have been produced so it seems like Tesla is ramping up its prototype production of the semi Tru nice and Elan shared this video on exen road video of the inside of Cortex today the giant new AI training super cluster being built at Tesla's Headquarters in Austin to solve real world AI what a weird thing to make for a car company right so have anyone seen wayo or Cruz big super cluster no okay it's probably nothing as AR invest also shared this chart with Tesla versus Boo and wayo in miles driven on full self-driving software Tesla simply just has an unsalable lead here the others will never catch up to this as Tesla will only Accelerate from here on out and I still personally think this is what is going to win for a generalized full self-driving car the others will simply never get there with their slow and Geo fenced approach this is a picture of Buu's autonomous supervision Command Center this is simply not scalable and also shows they have not solved anything just yet even though they have autonomous cars on the roads and it also looks very expensive there is only one player in the race for truly generalized autonomy but Tesla also showed off their Dojo supercomputer at the Hot Chip 2024 event along with some exclusive photos of what Tesla calls it Mojo Dojo compute hall or mdch in New York for Tesla's Dojo supercomputer the company did not just make an AI accelerator but also its own transport protocol event ethernet the assembly that houses the D1 tile all packed together with the sear desk cable connection I really don't understand all of this but nice to see Dojo is still ramping up and will eventually give Tesla a big Edge in the AI race and Honda's us executive says most drivers don't want EVS yet you can't force the customers to change their mind really and to some degree you can incentivize them but we just can't force people living in say the Midwest with no charging situation I don't think Honda understand you just charge at home like 90% of the time and by the way there is charging stations in the midwest they are all over the country and this is just Teslas the old Legacy automakers continues to make lot of excuses and a blast from the past pked up this week again dear Jim chos that wrote onx so full self driving is still stock on level two supervised after almost a decade and Optimus remain behind glass at the global robotics trade show but Tesla is still a leader in these Technologies question mark this is still just such a good showcase that most people don't really get what is needed to make this work and Tesla has an unsalable lead in data collection as we had just talked about so not surprisingly Jim does not get all of this as he is just some Wall Street guy that covers the auto moral world that lost all his money betting against Tesla but Yensen the CEO of Nvidia of course knows a lot about this stuff and here is what he has to say about it so you can make up your own mind do you agree with Wall Street Jimmy or the CEO of one of the leading companies in the AI race well Tesla is far ahead in self-driving cars um but every single car someday will have to have autonomous capability it's it's safer it's more convenient it's more more fun to drive and in order to do that uh it is now very well known very well understood that learning from video directly is the most effective way to train these models and we see that park assist visualization has now come to the Cyber truck as Jeremy pointed out this is very important as this is one step closer to bring full self-driving supervis to the Cyber truck and yes the Cyber truck sees everything of course Tesla car will be able to drive themselves eventually it sees much more than we do and never get tired or distracted we are soon going to be Obsolete and Alex wrote on X in last Friday's letter to the FCC SpaceX says that starlink direct to sell technology will be able to send emergency alerts to all Wireless users in cular debt zones even if they haven't signed up for satellite based service including nont mobile customers and Elon replied this could help a lot of people if they are stranded in the wilderness and came back a little later and wrote after thinking it through SpaceX styling will provide emergency service across the mobile phone for people in distress for free the supplies worldwide subject to approval by country governments can't have a situation where someone dies because they forgot or were unable to pay for it nice styling for the RIS resue and rumors has it that we will get another event this year at the Berlin Factory the future of battery manufacturing that tester will host but we should potentially see many AO Brands coming for this event but this is just rumors that I have heard so nothing official yet but my source did share the entire itinerary for the event so it does seems pretty legit but we will have to wait and see if Tesla will soon make this official and Owen spark shared these pictures of his cyber truck with a mirror finish but no this is not a rap this is polished stainless steel nice and the haters will say charging an eeve is hard but in my more than 5 years experience I would say this is exactly the opposite in my experience but it seems like Carlos here agrees they say charging an EV is hard well let me show you how easy it really is plug in the charger go to bed wake up in the morning and you have a full battery ready to go now how easy was that and we see another video this week of the cyer truck's great capabilities as a work truck as Nick wrote on X cyer truck hauling 3,600 lb of flooring no sag at all outo Levering air suspension for the win just to be clear Tesla has set the max payload capacity to 2,500 so this is way above what Tesla guarantees but still very impressive and in comparison to the F-150 Lightning that has a max capacity of 2235 lb and the silver R EV with 1,750 and the rivan is also about the 1,750 so the Cyber truck does have the biggest payload capacity of them all but seems to handle a much higher load with these and Tesla's MEAP pack shared this post stage two is underway with a total combined capacity of 540 megaw and 1,800 megawatt hours neon energy Western Dawns will be equipped with a grid forming capabilities and provide critical grid reliability and frequency Service as well as farming for Renewables supporting the modernization of queensland's electricity Network yes so many analysts are underestimating Tesla's energy business but they will learn soon enough and speaking of energy so far this year 75% of new electricity generation capacity has been solar I think it's pretty clear where all of this is going as it is the cheapest form of energy and it will also make the electricity cheaper and the Energy Mix cleaner making EVS even better for the environment than they already are and we had Jay Leno and James may discuss EVs and Ice casts and this is what they had to say you never have to that's the great thing about it yeah they're almost they're for emergencies yeah I had my my other Tesla in N9 years I never replaced the break yeah they you just don't need to do anything to them case you pump the Tes up yeah yeah cool it's I remember we talked about this before actually that electric cars will save internal combustion cars cuz they that's my feeling you know your internal combustion becomes like your snow it's something you take on weekends yeah right yeah you go out and use it and then when you're stuck in traffic you take your electric car drive it a for 36 Hemi in London traffic doesn't make a lot of sense absolutely awful yeah no I'm with you if it can be a hobby I'm perfectly happy fine with me yeah great yes when even two petrol hairs can agree that EVS are the best for your everyday life and Ice Vehicles will just be for the fun in the weekends I think we have hit a Tipping Point point and last week I showed that the ID bus which has been a disaster in Germany but we did see an article this week showing the same thing as he wrote here volswagen ID boss has failed to meet the sales expectations with only 29,000 units sold worldwide in 2023 half of the Target in the first half of 2024 sales were 20% below the already Lowered Expectations the Hanover stock plant where the ID boss is produced faces underutilization and potential Financial challenges the ID boss is criticized for being expensive and not practical with limited range and high energy consumption Volkswagen strategy to position the ID barss as a premium product May backfire especially in the price sensitive market like the us and that is where it's going to be launched next as I showed last week but one that is doing great but most haters are still saying is a flop is the Cyber truck as we are seeing great footage from Joe tacm from the parking lot at the Texas Factory that is getting more and more full as time goes by and we saw like 400 cyber trucks in the parking lot this week so it seems like the ramp is going great according to the win numbers Tesla should have delivered over 20,000 cyber trucks already and is ramping production up so we should get to maybe above 50,000 units this year and as I just shared the big old old Mighty Volkswagen that could not sell more than 29,000 of the ID bars globally in all of 2023 and Tesla is already over 20,000 and might get to 50,000 this year with the Cyber druck this is by no means a flop this is a very big success remember it took the model y in the Berlin Factory about a year to get to 5,000 in production in a week so I don't know why people think the Cyber truck with all the new technology would be able to ramp faster than this I personally think the ramp of the cyer truck is going much faster than I thought it would and Elan showed once again he is willing to do what is right no matter what as he wrote on X many remote schools and hospitals depend on SpaceX starlink SpaceX will provide internet service to users in Brazil for free until this matter is resolved as we cannot receive payment but don't want to cut any one off nice and we see China's Electric Vehicle Manufacturer xping say it will unveil a humanoid robot in October so xping continues to do what xping does best copy every pce of the Tesla Playbook n1x also showed off their new neoa humanoid robot another robot entering the humanoid robot race still of course it need a lot of real world data and billion of dollars to make this stream become a real reality but it's always nice to see some more competition in the humanoid robot race and Tesla's model 3 earns top award in British motoring publication what car 2024 electric vehicle Awards this year EV Awards was quite special as it included both new and used options with Tesla's model 3 ending best inclass for both so here 7 years after Tesla start a production of the model 3 and we have heard so much about all the competition Tesla's electric car still seems to be setting the golden standard that the rest is still trying to catch up to and don't forget if you live in Colorado you can get up to $18,500 in incentive when buying a Tesla wow and Tesla's 1010 cyber cap event has apparently been scheduled for the Warner Brothers slot in Burbank California andar L they want to give people a test drive in the cyer cap but is of course not allowed to do that on public roles but they probably can on this private property at Warner Brothers this is of course not official but sounds like a good idea and I can't wait to see this event and before we end off with a bit of fun I just wanted to make a quick shout out to the new supporters of this Shout out and thanks channel my new YouTube member Jay Whitehead and John hipot thank you so much for all your support I am am doing this all by myself but you guys are all the producers of this new show thank you Let’s end with a little fun and let's end off with a bit of fun a little tip of how to repair a dent in your car well all you need is just the right tools not really [Music] The End and thanks that is all we time for in this new show hope you enjoyed it if you did don't forget to hit that like button it really does help this video out a lot so others can find it here on YouTube and if you did like it maybe you want to consider hitting that subscribe button notification Bell so you don't miss out on future videos just like this one and if you already a subscriber to the channel thank you so much for the support but if you want to support the channel even more remember you can for as little as $1 become a patron of this Channel or become a member of the YouTube channel channel to get a shout out as some extra purse like Early Access ad free versions of my videos exclusive videos so hit the members button or check out patreons to find out more and don't forget to follow me on X I post pretty much all the news as it comes out and a lot more and check out the merch store to get some merchandise and support the show it is also possible to support the show without becoming a member or a patron there is a donation option down below or on my website bestin tesla.com you can also become an executive producer and get news articles exclusive videos behind the scenes and access to all my research charts and spreadsheet also on best intest.tv [Music] Thanks to ALL supporters n [Music] a [Music]

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