All right folks, yeah this is gon na - seem like a little bit of a tesla, fetish video. But the purpose of this video is not to spread fud. It's to address, fear, uncertainty and doubt because i'm a big believer that, if you're investing in a stock - and you hear something that's fetish, the worst thing you could do is stick your head in the sand and pretend it doesn't exist because you'll be blind. And then you get blindsided and rug pulled and that's bad.

You have to be aware of new information and be able to address it. So, according to bloomberg, intelligence, volkswagen is set to overtake tesla in 2024 for global electric vehicle sales. It already beats tesla in europe. Now take a look at this chart.

Folks, i have to say when i first saw this, i was not very happy. Volkswagen has substantially more models than tesla. Does volkswagen also is in a position where they can sell cheaper models than tesla. However, volkswagen does not have the margin, they don't have the autopilot or self-driving, and they don't have the profitability or growth that tesla has see.

Volkswagen is expected to grow four to six percent per year over the next five years, with negative earnings likely. That is year over year losses or like declines, i should say not negative implying losses, but like declines in earnings by 2026.. This means that, even though bloomberg thinks that volkswagen is going to overtake tesla in number of vehicles sold, they actually think their net revenue, or, i should say their net income - their earnings per share - will actually be negative year over year by 2026.. This is likely because, in my opinion, volkswagen is going to really try hard to compete with tesla by slapping as many batteries into cars as they can, but they're going to completely fail at actually providing a loyal customer experience and the most frontier style technology like full.

Self-Driving technology in a seamless manner and so yeah when i first saw the bloomberg chart with those ev sales from volkswagen. I kind of thought to myself damn that kind of sucks like i want tesla to be the number one. But then i got to thinking to myself. You know what it wouldn't surprise me, though, for a company like volkswagen to just slap together as many evs as possible, sell electric vehicles to more of the older generations, or even women who don't like teslas as much as guys do and the reason i say that Is not to be ageist or sexist? It's just a fact.

The average tesla purchaser first of all has a median household income of 140 to 150 000, substantially higher, like 2x higher than the volkswagen medium household income. But in addition to that, we also have mostly males who are between the ages of 25 and 45 driving teslas. So when we consider like the relative market cap of tesla versus all of the other legacy, autos yeah, it's pretty large - i mean we're like six to seven x, toyota. Okay, it's a lot, but why is the tesla market cap like this because we're expecting a potential 50 annual, compounded growth rate? Now, if tesla misses on this growth rate, we're gon na have big problems and tesla's valuation will get squeezed down.

However, one of the reasons that tesla also has the valuation it does is because we expect the nearly 90 plus percent margin, fsd revenue to become a big driver of massive eps growth over the next 10 years, and this eps growth from full self-driving has not been Properly estimated by wall street, yet or quite frankly, anybody yet because the fact of the matter is nobody knows now. It's also worth noting that elon musk just tweeted that right-handed model wise were substantially under produced because they underestimated the demand for teslas in the united kingdom. Now i then found a separate chart that i thought was incredibly fascinating. The largest amount of competition to tesla's isn't from generic everyday driving brands like honda's, hyundai's toyotas, and i'm not trying to offend anybody.

We're saying this is generic not premium brands right. The biggest competition for tesla actually comes from premium brands and the biggest leading sales that is countries with the biggest amount of premium brand sales are actually germany and the united kingdom. But first a quick shout out to our sponsor and a thank you today to upstart high interest credit card debt is really bad, but how bad is it? Well, let's say you owe three thousand dollars at 23. In 10 years, your debt would accrue to almost 24 000.

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Don't forget to use our url so that way you can let them know that kevin sent you go to upstart.com kevin. Get this almost one third or 31 percent of all cars sold in germany in the united kingdom are considered premium vehicles. In the united states, only 12 percent of vehicles are considered premium vehicles now. This is also a little bit of a downside because of well.

The dollar is getting substantially stronger, making teslas more expensive even more expensive and germany and the united kingdom are much more likely to be in a deeper recession or a recession than the united states is like. If the united states is in recession. Germany and uk are probably gon na, be in a worse recession. You see what i'm saying a little bit of a downside, it's kind of like yeah.

We have chinese buyers of tesla's as well and they're in a worse situation than america is right. These are concerns, but that actually means that we don't need to be so potentially worried about ev sales from volkswagen, cannibalizing teslas. We've got to be more worried about bmw, audi and mercedes, but let's be real from what i've seen from even just volkswagen, i'm not all remotely concerned about the competition. Please have more people get like their eevee cherry popped, so to speak with a volkswagen and then let them compare their ev volkswagen to a tesla and go oh damn.

I made a mistake like really one of the biggest competitors for evs is not evs. It's actually ice cars, internal combustion, engine cars, gas, cars right, that's where the competition is going to come from so folks we do have another little bit of bad news, and no it's not that there's a coupon code expiring at the end of next week. For the programs of building your wealth, especially through real estate or term building your wealth with the strategies that are very, very smart to follow for long term investments, take a look at all those programs of building growth linked down below. But folks, it is the bad news that we have some layoffs that are finally coming through.

In fact, we have a collection of linkedin posts that are showing that project leads. Cgi animation leads one person who was working at tesla for six and a half years have been cut, the manager of singapore has been cut, staff trainers have been cut, regional warehouse managers have been cut and three hiring events in china have been cancelled. This is all part of the start of tesla's 10 000 layoffs and based on linkedin posts. We're starting to see them come through now it's unfortunate, but this is part of the way that i believe tesla will maintain their margins by trimming the fat and i hate to say that phrase, because it sounds so terrible because these are individual people with lives and And who have dedicated themselves to tesla and now they're getting the boot, my heart goes out to them, but looking at a company going into a recession, it's unfortunately what has to happen, and i think that's why every single one of us needs to look at our Income and our our wealth or our jobs and realize we're not immune to getting cut or having our incomes go down either.

Now the nhtsa, obviously the national highway transportation safety administration is upgrading its probe into 830 000 tesla vehicles now because of the adas systems, advanced driver assistance systems which have led to some accidents. This, unfortunately, is an expansion of the uh original crash investigations by this organization and uh. I think that is relatively fetish. I don't really have much of a comment here, because every time i've looked into these crashes, like specifically that crash in texas, where there was no driver in the front in a car with full self-driving, it ended up being user error.

Now there are cases where tesla's full shelf driving has led to accidents and deaths. So i'm not trying to give tesla a complete pass here and would i get into fsd and trusted blindly? Absolutely not because i've seen the car do some stupid stuff too. Then again, it's still a computer. It's learning! We just hope we don't get any kind of crazy regulation out of the government because of this right now the biggest lobbies for regulation against tesla are actually competitors for vision, technology and driving technology.

Like the most common ad. You see on tv right now, bashing, on tesla's, full self-driving is funded by a company that does their own computer vision and like radar, sales and hardware, and it's like this is so slimy and shady i hate it, but anyway folks, listen! The only way tesla can get back to a thousand dollars and then get to two thousand dollars and three thousand dollars, and you need to know this if you're, an fsd or if you're, a tesla investor, is through the massive and rapid expansion of earnings per share. Not the not the pe! Well, you know not like multiples. Okay, because multiples are compressing all around us.

That's what happens in recession. Earnings per share need to explode. That's it thanks. So much for watching folks check out the programs, i'm building your wealth, linked down below with the coupon code expiring at the end of next week, and we'll see you in the next one goodbye.