Hey this is tom and i don't want to do another boring annual shareholding highlights video there's been many of them circulating over the internet. I want to do it a little bit more fun. I say we play a little game now. I've listened to the whole meeting.

I didn't stream it because there were plenty of other people who did. I don't know what people is the actual world world words. What's going on tom speak mother lover, now i'm gon na keep it in just for fun, so i was watching it and for the most part it was a yawn fest until elon got on stage. At that point it got a little bit interesting and in this video i'm going to save you, the entire spiel and just give you the main headlines, but we're going to do it in a fun fashion, because i'm guessing, if you're here you're here for my critical Thought so i'm gon na actually take some shots at elon.

I'm gon na give him credit where deserves, but this isn't gon na be a video where i just basically kiss ass, because another tesla fanboy. I do still think this is a fifteen hundred dollar stock, but i will be critical when elon up. So basically, the game is going to be grandpa heads, i'm gon na take every single important thing ellen said, and i'm gon na tell you. What do i think about it? Four grandpa heads means it's fact: it's putin, three grandpa heads means it is very likely, but still speculative two grandpa heads means it's not so likely very speculative one grandpa head means it is total.

Bs nonsense. Goes you elon, fart mania. Now, let's get started so the first statement that i want to go over is the 71 statement, but before we do, as you know, in every one of my videos, please don't click, nothing, don't smash, nothing don't buy nothing. I got no courses, i have no expiring discounts.

I don't want to sell you jack. I just want you to listen now. The first statement of ela that we absolutely have to talk about here is the annual growth and, of course, we're not talking about ebitda, not revenues, not profits. He was talking about deliveries and he pulled up a very interesting chart.

Basically, he showed us that over the past four years, tesla grew by an average of 71 per year in vehicle deliveries, and the most interesting thing that he said here is that i can keep doing it for the foreseeable future. I can give you 50 to 70 per year growth in deliveries as long as we have enough chips now, here's the question: does he actually mean it? Does he believe it? I think? Surely he does. I give it four grandpa heads. This is fact the only thing that can stop tesla is either governmental intervention, some sort of regulatory monkey wrenching.

Whatever we're trying to ignore right now happening in certain countries, we don't even mention the tesla name in sort of eevee initiatives. You know what i'm talking about right, so governments can actually hurt tesla. I think chip shortages can definitely hurt tesla, but if they have no issues with governments, if they have no issues with ships, i think their capacity is insane shanghai, berlin, texas fremont. They got the capacity they're about to hit 900 to 1 million cars this year more closer to 900.

It seems like at this point. I definitely think he means it and i think it's factually correct, so i give it four grandpa heads put in facts now. Let's talk about the next statement now. The next statement is the q4.

Now he's talking about model 3 becoming the most best-selling premium vehicle in the world for q4. Now, what does that exactly mean not really sure, but basically the chart they pulled up basically showed that tesla in q4 sold more than mercedes c-class, mercedes, e-class, bmw, 3. The audi a4, a5 and q5 and q6 - i think i don't remember the models but basically vehicles that are not really competing with tesla. In my opinion, i mean the q5.

It's an suv from audi. I don't really understand how it's supposed to compete with the tesla model. 3. Plus, i'm not really sure that the model 3 is the premium vehicle.

I think they compete with kind of standard family, four seaters like a sedan, so the question is: does this comparison actually make sense, both from a definition perspective and the way they presented it? Now he could have said: hey we sold out more than the mercedes c-class e-class, the bmw 3-series and the a4 a6 and the q5. That would have been a factually true statement and i would have had no issues with it but because it said it's the most premium selling car in q4 in the world i got ta, give it three grandpa heads i'm taking one head off for bullshitting. That's not really a logical comparison, it looks nice on tv, it looks nice on these presentations, but the tesla model 3 is not really a premium sedan. It's a really nice sedan, but it doesn't compete with the bmw q3 or whatever they're called.

I don't give a. We don't drive german cars in russia golada now. The next statement he made was about the model y and i actually am a huge believer in model y being the best selling car of tesla. This is, in fact, the perfect vehicle.

It's electric. It has the suv kind of characteristics, it's cheap to maintain it's pretty much an all-around go-getter. It's like this coded people in the vehicles. It's going to be extremely successful for tesla.

He actually went and said that the model y by 2023 - i think he met by the end of 2023 - will be the most best-selling vehicle of any category in the entire globe in the world, basically making a very bold statement because just think about it, ford just Sold 800 000 series f trucks in the us in 2020 alone and tesla just delivered 900 000 cars in general globally. So not really sure about the accuracy of the statement. I really like the model why? I think it would be a successful car they're gon na make just a lot of money and they're gon na be a growth engine. Do they become the most best-selling car of any kind in any category in the world within the next year and a half? I have to give it one grab ahead.

I think it's total. I don't think he gets that. I'm sorry can't see that happening, but i think it slipped out. You know.

Elon has been on to exaggerate a little bit but wait what other ceos? Don't every single ceo exaggerate and tell stupid just to hype, people up it's the nature of being a ceo of a public company. Now the tesla haters will take shots at this business, say well, elon just said it and one more statement that he's. If you go by a statement, statement of every single ceo, you're gon na find a lot of it's like you know. Warren buffett once said like, if you're driving in your car and for 24 hours, seven days a week, a cop is driving behind you he's gon na catch, you doing some nasty.

You shouldn't have the same thing. If just scrutinize, every little thing elon said you're gon na find a lot of like this one. The model why i don't think becomes the best selling car in the world in the next year and a half, maybe in the future, but can't see that happening by 2023 next now. The next statement is very interesting.

Alan said that tesla will be open to license out its software for autonomy to other oems in the auto industry, which i think deserves four grandpa heads put in fact now. The reason is because it's a no-brainer tesla will increase its revenue stream and it will create a negative incentive, decentralize other oems, from developing their own systems, because it's so darn, expensive tesla has already the most amount of data and they have a product. You can lease out for cheap. Why would you ever build one? The same thing with the superchargers remember what they said: they'll open it up same strategy now, tesla is already tyson fury mobile eye out of the picture.

They're pretty much the only game in town and them allowing people to get it for free by licensing will create an income for tesla again taking lunch from other oems is kind of the mo here, but also we'll decentralize them from putting actual capex when rd expenses Into developing their own system, which can take five to ten years to develop in the first place, no brainer four grandpa heads now. The next statement he made was really interesting. He said that tesla is not a car company. Surprise, mother lover we've been saying this for years.

Gordon still doesn't believe it, but basically he said our strength is not only in engineering. It's on the software side as well. Tesla software is the best look at the autonomy we just talked about a second ago. I mean that's why i think that their strength is in their development in the engineering and the software it's going to be very hard to catch tesla.

I think the ones that will survive in this industry are the ones who will join tesla instead of trying to fight it. But let's see what happens now. Ellen was also asked about dividends. When will tesla pay dividends and he basically gave the obvious answer, which is why would we pay dividends? Paying dividends is an admission that you have nothing to do with this money beyond giving it back to shareholders.

I think tesla is in a huge growth stage. They definitely can use the money, so he basically said well, never, or at least he said not in the foreseeable future. 100 agree. If i ever see tesla give out dividends.

Let's rest in peace tesla i mean that's the gg it's gone, so don't expect any dividends out of tesla but tom. How will we ever make money? What about the dividends? This is not a value play tom. Well, that's why you relevant. Nobody gives a about what you got to say because you clearly don't have a clue what you're talking about next now, what surprised me the most about this conference is that elon actually talked about tesla insurance, which was speculated for a long time.

He talked about them. Launching it next week in texas and potentially in soon, i don't know when in california, because they said in california, they're getting blocked by the regulators made a few shots. But the question here for me is how well are they prepared and how much they want that insurance business, because if you have any idea about the insurance business, it's freaking tough, it's a tough business. That requires a lot of headache, a lot of maintenance, a lot of repetitive dry work, not the sort of thing that elon really loves to do.

The insurance business can really take a toll on you. I mean it's tough, i don't know if they're gon na do it just because i don't know if ellen is fully committed to this, i think they can. They have the capital to do it. They definitely have the capacity, the brain power.

I don't know if he's truly committed to it once he already started doing it. He already saw what happened in california. The regulator is going to make it tough for him. I don't know: if he's going to do it or not, i'm going to give it three grandpa heads plausible and likely, but not certain.

Now he did also talk about solar roofs and the power wall. Basically saying that in the future, solar roofs and power walls will be kind of an industry standard. Whenever you're gon na build a house, it's gon na be standard. I got ta give it two grandpa heads with the way standardization and construction works.

I really find it difficult to believe that this is gon na become a global standard or even a regional standard. It's gon na be very tough to enforce. However, it's a no-brainer, imagine a powerwall. You buy this box, the box costs you a certain amount of money and then you pretty much make that money immediately by buying power with a cheap at night charging this battery and using it in the daytime, basically paying cheaper for electricity.

So the box pays for itself. I mean it's kind of a no-brainer. That's why they couldn't met the demand. I mean the demand for the powerwall was so insane.

They pretty much stopped selling it unless you buy a solar roof right. So i do think there's a lot of future in this. However, i got ta, give it two grandpa heads as far as an industry standard - i don't know, but then again, what do i know? I'm just a youtuber. This is just my opinion, might be inaccurate.

Might be wrong might be the ramblings of amendment. I don't know you got ta, do it in research. Let me know what you thought about the meeting. Let me tell what you thought about my analysis.

Let me know if you like this game of the grandpa heads, we might do it again i'll see you tomorrow.