The US government going after Tesla, again. Sign the petition by Farzad Mesbahi to help make the change happen:
https://www.change.org/p/fix-the-inflation-reduction-act-ev-tax-credit
👉🏻Watch next: Elon Musk Just Dropped a Bombshell about Tesla's Future
https://www.youtube.com/watch?v=JseGw4AwAek&t=15s
DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.s
https://www.change.org/p/fix-the-inflation-reduction-act-ev-tax-credit
👉🏻Watch next: Elon Musk Just Dropped a Bombshell about Tesla's Future
https://www.youtube.com/watch?v=JseGw4AwAek&t=15s
DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.s
Okay, so the US government is literally trying to demolish Tesla I'm not even exaggerating. This is as bad as it sounds. now. everybody knows that guy in every group of friends that has no idea what he's doing.
He's literally fumbling through life, making every possible mistake ends up working as a security guard for that, you know donkey. Theater Company in Mexico So you're telling me there's a chance. Well, that is literally the U.S government this point because they've made every possible mistakes to screw themselves. because we are talking about Tesla the only company in the past 45 years to actually compete against the Germans against the Koreans against the Japanese.
The U.S under industry has been in their absolute toilet for the past four decades, getting annihilated by Mercedes by BMW By KIA By Hyundai, you name it, the U.S Auto industry have lost to it. Every single car manufacturer in the world have been shellacking the US Auto industry since the 80s. Now they've been barely scraping by, but at a cost. look at GM and Ford open up their balance sheet.
They have over 110 billion dollars of debt each and each has 21 billion dollars of cash. Whoopty Freaking do. look at this Siamese twins my guy. Come on.
Now these companies are being on pretty much held on life support by the US government. But that is not enough. Apparently now we have to destroy the one company the only company that actually can offer competition to the rest of the world which is actually dominating the EV Market which is the next big Market. We have to destroy it because it's interfering with the companies that we're keeping literally on life support which is Ford and GM Unbelievable.
Now what am I talking about here Because this is absolutely blows my blood. You know how this you know the joke about the donkey. What is a donkey? A donkey is a horse planned by committee. Well that would be a compliment to what this Administration is doing.
I'm not even talking about the previous iterations of what we saw. How Joe Biden forgot to invite Tesla to an easy convention in the White House literally the company holds 70 of the US market how he forgot to even name Tesla And you know, thank Mary Barra from GM for leading the EV industry. You electrified the entire automobile industry. I'm serious.
you led and it matters, you know. GM The company that has the lyric lyric that they sold 36 units of in Q3 I literally mean 36 units not 36 000. I mean this is the leaders right? Anyways, so the US government has never been a fan of that. They tried it before with the UAV with the auto unions and they tried a whole bunch of horseshit to go at Tesla but this time they literally get gone too far because this time it's so blatant.
It actually, you know, insults my intelligence. do they think people won't notice? Now what I'm talking about is the new EV tax credit is part of the new anti-inflation legislation, which in itself is a kind of a you know, a Frank Kopka film at this point because absolutely ridiculous. So this Kafka-esque thing is going on right in front of us when you know they're giving away a tax credit. Now, a tax credit is very simple. You know you file your taxes, you have a tax liability. If you have that 7 500 tax credit, you get it back. You don't pay taxes if you have too little taxes, you get to carry it forward for future years. You never get cash, but you get pretty much as good as cash now.
They made it sound reasonable when you start reading this tax credit because you know if you are over three hundred thousand dollars as a household, you can't get it. If you're buying a track or an SUV about eighty thousand dollars, you shouldn't get it. I Mean you're buying a premium car, right? If you're buying a sedan about 55 000, you shouldn't get it. So it all makes sense on the face of it, Right? If you're a rich mother lover with above 300 000 as a household, If you're a rich mother lover who buys a truck for more than eighty thousand dollars, If you're a rich mother lover who buys a sedan for over fifty five thousand dollars, you shouldn't be eligible.
And to that part, I Couldn't agree more. Why not sure? We don't want to give this credit to people who have too much money already. I Mean come on, let's be fair. But then at that point is where things became become a little begin become a little shady because at this point it actually goes off the rails.
Get this. Now the cars that qualify for this tax credit are cars that you wouldn't really qualify as electric vehicles per se because they're all hybrids like the Q5 from Audi, the BMW X5e, or even the Ford Escape I. Don't know why anybody would buy that piece of car, but all these cars qualify and they qualify as an SUV Which means that the price cap for these cars to be eligible for this refund is eighty thousand dollars. So you can buy a BMW x5e, an Audi Q5 and a Ford Escape I.
Don't know why would you among other cars which are all five seater SUVs Which means five people fit in it. It's an SUV. You buy it below 80 000 You get the credit. However, the model 5 or the Model 5.
the model Y with the five seats is not eligible. Why? no idea. If you look at the dimensions of this car, it's pretty much identical if not bigger than the Ford Escape. It's seven inches longer and just about an inch and a half shorter than the the the Ford Escape.
And yet somehow it is not an SUV. Now again in my mind, it's actually ridiculous some may say. Well, Tom you know it's not an anti-testinal thing it's not pro jamming for. Because the GM lyric doesn't qualify.
It's an SUV with five seats. And it doesn't qualify. Yeah, my guy, these mother lovers sold 36 units of it in the previous quarter. They don't give a flying rat's ass about the Lyric.
The lyric is just there for PR Jim Couldn't give a rat's ass about this car. Nobody does you know anybody with the lyric. and this is the part that really annoys me and pisses me off. And as an American I think you should feel the same thing because the United States government let this happen. They've let the Auto industry become an Antiquated dinosaur. They've lost the battle for the Global Auto industry. back in the 80s. the Japanese took it, the Koreans took it, the Europeans took it literally.
Everybody took a shot at the U.S Auto industry and they've never recovered since. Look at the data. But somehow by sheer Miracle, the United States have fell as backwards into this amazing thing that is called Tesla a company that's not only beating everybody else, it's actually light years away from the competition literally taking over the Eevee industry which is the next big wave in the Auto industry. But instead of of nurturing that and understanding hey, this is the next big growth engines for the Us, we have to protect this company by all means.
we're going to do something different as the US government. We're going to take these two companies for GM which have failed again and again and have failed and have failed and have failed and were bailed out again and again and again. and we're going to kick Tesla in the nuts. Joseph Foreign Gmk keeps surviving Hanging On by a thread with their 100 billion dollars, dead and uncompetitive cars.
So the next question is, what can we do Now Look I Don't know if this is a clerical mistake, pure negligence or intentional with Tesla Each of these options actually I Don't know which one looks worse for this government, but that is irrelevant. Go right now to the link below. It's a petition opened up by Farzad Sign It. There's already almost 9 000 people who signed it.
Please sign it so that the IRS can actually change the definition of an SUV to include model Y like any other Ecv in the market and actually include Tesla in this tax credit. And for all the haters in the comments: I Find you guys really peculiar because you guys have been so flaky that you remind me of a winner. Schnitzel in Vienna I Mean you guys went from loving Elon from saying he's the greatest Genius of all times into hating him just because he bought Twitter and tweeted a few posts that are a little bit too political for you. You forgot everything he's done with Tesla SpaceX Neural link Starlink that's all forgotten now I Mean come on, that's pathetic now again.
I Know the haters will be hating and I don't care. but the ones who actually care about Tesla and care about the US and want to see the right thing done. Please go sign the petition. I'll see you next video.
If I remember right, after the 2009 collapse of GM and it's bailout by the Government, to protect the pensions and entitlements of the UAW workers the UAW was awarded approx 30% shareholding in GM. So GM is just as crippled as German OEM's by Union control.
Plus all the jobs in the parts and suppliers for ICE vehicles explaining the support for pathetic PHEV's
So this fraud can be understood when seen as just support for UAW members in the same way the Military Industrial complex receives taxpayer support due to the huge number of jobs spread over many states.
For interest Munro Live just had an excellent chat with Joe Justice – must watch
Let an angel look into the books of GM and Ford. How much are you contributing to the democratic party convention, how much have you contributed to the Biden family trust? How much has tesla contributed? Case closed.
I completely disagree with you most of Elon base is or democrat electric car people save the environment people.. he abandoned his base now it seems he’s joining the Republicans pushing narratives. He’s missed many deadlines and obligations with Tesla cyber truck or one event reanalyze bud.
Are you familiar with the song: Everybody knows? Lyrics goes – Everybody knows that the dice are loaded. Everybody…
Tesla does not lobby the government. Tesla does not donate to political campaigns, and Tessa does not advertise on television or in major publications. Elon is not greasing the palms of the politicians, so is there after him.🇺🇸
It all boils down to political donations which are the culprit to corrupt democracy.
So Regan's policies let this happen in the 80s?
💯👍👍👍. People are scare to said : I LOVE USA. With out Elon Musk Tesla & SpaceX what American
have any things (EV, Energy, Space) to Show to the World?!
Only because Elon is Republican . I hate the walking vegetable in the Oval Office. And his crooked croanies…Trump or desantis 2024 !!, get rid of the current tyrannical government 😊…Elon should sue… IRS is just as crooked as the FBI… I will sign the petition, but we can do more and vote the right way in 2024 assuming there is no election rigging…paper ballots!!!
Model 5… lol
Unions….
F… Tesla and ELunatic Musk!
welll said Tom!
The clip of Biden congratulating G.M. with Tesla not even in the room could be used as evidence in the upcoming court case.
Signed, shared and done.
It’s not pathetic to think poorly of Elon when he’s literally courting fascists. I’ve tried hard to see the true future and value of Tesla over the years, but his recent actions and his public persona have changed over 2022 in ways they never had before. He’s alienated the progressive minds that have so thoroughly enjoyed what Tesla, SpaceX and the other Musk endeavors. I agree that there are macro-environment issues affecting the stock, but when he starts courting fascist and trying to appeal with the ‘anti-woke’ statements, he’s contradicting his own mission. Anti-woke is literally the conservative effort to squash education, especially in the sciences. They are anti-progress, so why is Elon taking that route? Who wants to follow him when the Peloponnesus and values he now publicly supports contradict the very foundations of Tesla. What’s his game?
Mainly gas and oil tycoons destroying earth just to stay in power
Biden Biden …. What else we can expect from him .
I believe you are right Chris
Thx Tom
Ford gm survive by selling fleet vehicles to police nd emergency services😐
The US Government loves to have leverage whether companies or countries. And currently they don't have enough leverage on Elon. Him BuyingTwitterr was the last straw for them.
Awesome analysis!!! How could shot there foot!!!
I wouldn’t say the is auto industry doesn’t compare to the rest of the world. There are still cars in America definitely beating others in the industry. As for the balance sheet, that’s different haha
Full support elon and tesla 🙌
Side note: Ford escape is great tho
They forgot because this generation has an attention span of about 2.5 sec and no spine. Sheeple
Great video 👍
No matter what Tesla will be the front runner. And we all will profit from the stock.
The American economy is gone pull your money asap the new investments and companies are in China and the Middle East