It seems people get things backwards.
In this video I discuss what it really means we people talk about "the competition is coming" and how muck it up.
▶️ 3Speak
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I guess the argument that Tesla isn't targeting the economy EV sector makes sense. And that is where the Chinese are thriving. What are you thoughts on the current issue with Elon and Tesla on the 56 billion ruling.
I am not a legal expert but it appears ridiculous and an advocate judge. It looks like they will appeal and Delaware will not be able to not overturn it. If they allow it to stand, they will have a massive outflux of corporate registrations, something that will kill the state tax rolls.
Interesting. From what I've read, Delaware courts were supposed to be good for businesses, while Texas has been looking for more businesses to go there as well. I wonder if there will be a max exodus because of this.
They were until this judge basically said her opinion was more important than the shareholders. This is really putting Delaware at risk if it is allowed to stand.
Nevada is the likely destination for many since it also has a proven track record. Texas might attract the physical business but the legal filings might be elsewhere. I think they are trying to position themselves with the legal friendliness but who knows. Nevada would be my choice unless I was actually headquartered in Tx.
That makes sense. I've heard good things about Nevada as well. I guess we'll see how it develops. It has pretty much been near the top of my news the past few days.
Rumors are Tesla will appeal. If that is the case, then we will see a 6 month process before resolution.
Summary:
Task discusses the common narrative that Legacy Auto will catch up to Tesla and surpass them in the future. He points out that Legacy Auto is actually pulling back on EV production due to profitability issues. Task explains that when people talk about competition in the automotive industry, they fail to understand that Tesla is the real competition, not Legacy Auto. Tesla's expansion into various vehicle markets, including economy cars and pickup trucks, makes them a major player in the industry. He emphasizes that Tesla is the predator, not the prey, as they have already outperformed traditional luxury car manufacturers like BMW, Audi, and Mercedes in certain segments.
Detailed Article:
Task starts by addressing the ongoing speculation about Legacy Auto catching up to and surpassing Tesla at some point in the future, a sentiment that has been echoed by various industry players for years. He highlights the retrenchment of Legacy Auto in EV production due to economic challenges, indicating that this move may adversely impact their future competitiveness. Task refutes the traditional notion of competition in the automotive industry, emphasizing that Tesla, with its foray into economy vehicles and the pickup truck market, is reshaping the landscape. He underscores that while traditional luxury car brands like BMW, Audi, and Mercedes have stayed within their premium niche, Tesla is diversifying its product range, including upcoming economy cars.
Furthermore, Task discusses Tesla's success in the sedan and crossover markets, noting that the company is now entering the pickup truck segment, which is one of the most profitable in the United States. He speculates on the potential impact of Tesla scaling up its pickup truck production and moving into the economy vehicle segment, pointing out that past concerns about cannibalizing sales have not materialized for Tesla. Task asserts that Tesla is the real competition in the industry, positioning itself as the predator that disrupts and outperforms traditional manufacturers.
He predicts that Tesla's upcoming next-generation vehicle will further solidify its dominance in the market, potentially overpowering major automakers like Honda, Toyota, Kia, General Motors, and the VW Group. Task believes that Tesla will eventually overpower and outsell these competitors once they scale up their production capacities. He concludes by suggesting that in the future, only a few automakers, primarily Tesla and Chinese companies, will remain standing while others will struggle to compete and may face elimination. Task's analysis underscores Tesla's position as a transformative force in the automotive industry and emphasizes the need for a paradigm shift in understanding competition in the EV market.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.