Okay, so Tesla The company that cannot go wrong in Elon Musk The guy who always gets it right actually missed deliveries and that's not good. I'm not gonna lie to you and say that this is great. There's no good way to spend this. but the real question is how bad this stuff really are.

Because look, if there's one thing for certain is that I think Elon Musk emails at the end of the year basically rallying the troops and the troops didn't rally because they delivered 405 000 cars instead of the anticipated 420 000 cars. I'm not even making this up. this is the actual number 420. believe it or not now, look missing.

deliveries is never good. There's no good way to spend this. And if you're looking for somebody to spin this for you in a good nice package to package this sandwich and let you have a taste of it, this is not the right place. I'm going to talk about The Good the Bad and basically how serious this is because this is definitely not good.

But the question is, is this a little bump of the road or is this engine problems that might require some serious overhaul? Now check this out. I Have some numbers here. So the Miss was from 418 to 405 mainly the Miss was on the model 3 and the model Y. As you would expect because this is the bread and butter of Tesla Now here's their actual question: Is this a sign that Tesla is actually losing demand because the amount of production was actually quite higher? A Lot higher than this.

There is a lot of cars standing waiting around to be delivered. So the first question we have to ask here is this a sign that Tesla cannot push out cars at will anymore like they could in the past. Remember, back in the day, people used to wait a year, year and a half for the car. Is this now a sign that this is over? And basically Tesla has to play on expert mode like everybody else? Not necessarily.

Look, you have to take this in context. Obviously, this is not good. Obviously, the share price will suffer, and there's definitely issues here. But first of all, at least partially speaking.

I Don't know exactly what's the percentage. It's not all demand destruction. Partially a lot of it is just pure Logistics When you manufacture cars in China and Germany in the US and you have to deliver them to Bulgaria Romania and the Czech Republic It's Complicated. So a lot of cars are basically in a logistical nightmare.

It happens, there's a lag, Not every car is produced gets delivered the next day to the client. It takes a lot of time, a lot of process, and some of it is that for sure. but some of it is definitely demand loss and I'm not going to beat around the bush now. Look, having said that, there's a lot of positives here that we have to talk about.

Number One: This was hands down the best delivery quarter in the history of Tesla They are now on Pace to deliver 1.75 million cars in the next four quarters this one included So this space, even if they do not increase anymore, they stay just on the space for the next three quarters. Four quarters they'll do 1.75 million cars annualized rate. Very, very good now. Also, it's still a 40 growth in deliveries year over here, which is again an impressive number, but it's not as impressive as we had before.

If you go back in the time machine and the DeLorean, you will see that there's definitely deceleration here. I mean it's not as good as it used to be. Look, Tesla Delivered 500 000 vehicles in 2020. it delivered 940 000 vehicles in 2021..

that's a 80 increase in deliveries, but from 2021 to 2022, the increase was just 40 from 940 to 1.3 million. Now there's a lot to blame here. Not everything is demand destruction. Some of the haters will tell you this is not the end of Tesla's demand like some people on Twitter are saying, but it's definitely a sign of a few things.

Number One that you should never, ever, ever in your life set up a company in Germany when I used to work for Deloitte we always told clients to stay away from two jurisdictions France and Germany As far as opening a company you never want to do business in France Jeremy Because the bureaucracy there is going to literally want to make you pull your hairs out and now eight months behind schedule, even Giga Berlin is facing the same problems. Delayed delay delayed because of freaking bureaucracy. And if you want to talk about stupid bureaucracy, how about China Shanghai out in about zero covet policy? In and out partial like what the hell is going on? So with China being basically half-assed with Germany being dragged down by bureaucracy as always, and with the recession here with the pandemic here, with everything that went on this world with the war in Europe, Tesla still pulled a 40 growth rate which is still impressive but not as good as previous years. we have to admit this.

Now, look at the end of the day. Here's the thing here. They manufacture and produce and deliver more electric vehicles than any other combined Global manufacturer in the world. So basically Tesla's EVS produced and delivers are more than all of the other combined.

In fact, if you compare them to VW which is the second in place, they produce and deliver 10 times more cars than VW. So I don't want to hear this nonsense about how VW is about to surpass Tesla in 2023. Is that happening? Not in 2024, There's definitely time for VW to play even on the same level. So as it stands right now in the Eevee industry, as far as pure EVS, there's not a lot of choices out there.

I'll tell you what: the Id4 is probably the only actual competitor. Maybe Byd is playing in the same chord, but there's very few competitors. So the idea is that the problem is more in the time and More in macroeconomics than anything else. The question is how bad this resistance is going to be that's going to impact Tesla a lot more than Elon's tweets and Elon's political views and whatnot.

Now look, there's another question here. So would I sell my stock? Knowing this right, looking at this quarter to quarter right, everything is accelerating right Q2 They've delivered 250 000 cars I'm looking at my notes: Q3 340 000 cars. That's a 35 increase. quarter of a quarter from Q2 to Q3.

But from Q3 to this quarter, they've only accelerated 18 from 340 to 405. So there is deceleration. So the question is Am I selling or do I think you should stay in again? It's a personal decision I Can't tell you what freaking thing you should be doing with your money I Mean that's you, that's me. I'll tell you what I'll do and I'll tell you what I feel about people who sell Tesla and my answer might surprise you now.

I personally am not good at Soul Tesla I'm not going to trim my position I'm very bullish on Tesla I Love that 40 growth I Think they'll figure out this thing with the Eevee credit that Model Y5 series will qualify and that if you credit is going to be huge for them I Almost Have no doubt. However, if you feel like you need to sell Tesla stock because they miss deliveries I'm gonna be 100 honest with you I totally understand you I can't blame you and I can't call you a fudster I can't call you a trailer I can call you anything I can tell you it's a bad idea. No, once a company misses deliveries, all the excuses go freaking flying out the window. Nobody cares Cry Me a River It's the same thing as playing sports.

Nobody cares the bad ref calls. Nobody cares about if you slipped on the wet you know, on the wet hardwood. whatever that may be. Nobody cares.

At the end of the day Tesla went into this quarter flying high and missed deliveries. If certain investors would like to sell their stock because of that, I will not be basically negative about it and say that they're making a mistake. no, especially knowing that the share price will come down because of this. I'm expecting to see a lot of red because what just happened however, me personally.

I Think that Tesla as a company, have never been in a better situation. Yes, there is a deceleration, However, forty percent of your growth. The best quarter in their history and they're absolutely dominating the EV Market that's just slowly starting to develop. and really, to be honest, they don't have competition.

People talk about the Germans which Germans the Eqs the BMW x5e I mean come on, let's be honest. no company have their infrastructure, Nobody have the quality of software they have. They have a massive Advantage Now when we're going to be talking about two to three million demand, that's a whole different story. Wait up for that.

But all the way up to 2 million cars I Believe they can sell at ease, especially since Byd and VW are really the only ones who are trying to compete. especially with this EV credit stuff which I think will be resolved soon. So I'm not selling. but if you feel like you have to sell because of what happened I totally understand you and I get it, they missed you sell You know and now they're on probation.

Totally understand. Let me know below what you think about what just happened. See you next video.