How Tesla Killed General Motors (bankruptcy inevitable)

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Tags: #GM #GeneralMotors #Tesla #TSLA #TeslaStock

WARNING: General Motors will go bankrupt this decade and it's Tesla's fault. In this video I react to, share my thoughts and opinions on comments from General Motors CEO Mary Barra, who shows major red flags suggesting GM is doomed and will be bankrupt (again) before the end of this decade. It's like watching a train wreck in slow motion.

As always, in this video I'm just sharing my #investment thinking process and my reasoning. Keep using your own brain. Don't be a sheep. 🐑

I love you all,
Steven

p.s. Share your thoughts below. I read ALL your comments.

[SolvingTheMoneyProblem]

When will GM officially go bankrupt (again)?
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[ramon]

Funny that no questions were asked about GM’s “strategy” when it partnered with Nikola and Lordstown....embarrassing and incompetent

[mikeselectricstuff]

"Trusted dealer" - most dealers and service places are clueless about EVs

[nahuelkondratzky]

Hey I have an idea, start asking all automotive CEOs what car they drive. If it's not an EV they are selling sh*t when speaking about electrifying their brand

[ViksterG]

The thing is, Tesla isn't just an EV company. They've other products as well, and they're creating an ecosystem that compliments it. I can only see Apple if they're bloody serious about it to challenge Tesla and Musk.

[NeilBoltonRSPL]

Stephen, I strongly believe that ALL the boards and C-suite executives of ALL legacy auto companies absolutely know they are toast and are solely focussed on maximising their payouts in the years they have left. They are not stupid. They know what it happening. Of course they have to say whatever they must in order to keep the cash rolling in as long as possible. And because they know their cause is hopeless they will NOT be spending (wasting) money on R&D that will never pay off for them. What they are saying and will continue to say should be viewed in this light.

[miguelalamo]

It’s funny how the CEO of GM tends to show her face and say they’re committed to EV’s and boast about how much they are spending after one of the companies they’ve invested in turns out to be vaporware. There have been two so far but I like their chances of striking out a third time.

[drosophilamelanogaster]

She doesn't really like hearing the word "Tesla".

[gmanxrayz]

Gm pays part of his salary with advertising...Jim isnt allowed to hit them hard, it would hurt the bottom line of CNBC in a big way...ICE advertising money protected like babies. GAME SET MATCH!

[veneziablau]

The problem is GM will go back to the U.S. Government for another bail out and will get it.

[axson]

The More I listen to Jim Cramer, the more I realize what an absolute weasel he is.

[specmiataracer]

Don’t forget to to mention another key advantage, Tesla Super Charger network!!!

[wtthehll]

"The strength of our Ultium platform" that doesn't have a single vehicle currently in production, as far as I know.

[jezzaRTW]

I think their client base is getting older and the younger generation sees the idea of going to a dealer dumb when they can go online and buy a better car!

[glennpenrose]

Fully agree. Having had worked in the industry 40 years ago I know first hand how they never wanted to disturb the status quo. Good on tesla!!

[marshallbrowne]

SMR I found out today that the model S plaid was approved for the Pikes Peak hill climb in Colorado this year in about 10 days. It should be an amazing demonstration of the Plaid.

[merkridge]

“We ask our customers what they want. They said they want faster horses. We’re excited to announce we’re giving that to them.” -Mary Barra.

[larrythelobster]

Day in day out amazes me how clueless people are about tesla engineering advantages and growth prospects. Especially people "in the know"

[ernestgalvan]

Is Jim Cramer becoming the ‘New Clown’, replacing Gordon Johnson?

[Urgelt]

Did you see that smirk on Barra's face?

She knows something you don't. I can tell you what it is, too.

When she talks about 'electric vehicles, ' she isn't being quite honest with the public. She wants you to think 'BEV, ' and you bit. What she actually means is 'electric drive train vehicles.' This is not a subtle distinction.

The real story of GM's plans has to do with a mix of low-volume, expensive BEVs *and* high-volume, inexpensive plug-in hybrids. The latter will have electric drive trains and tiny little batteries in them. They can do this and make it stick because in the US, where most of their sales are, Congress is going to enact incentives for electric cars - *and they're going to count plug-in hybrids as electric.* Further, as GM's factories are unionized, they'll get an extra $2500 in incentives that Tesla can't get for its cars.

Dealers are happy with this plan, because every plug-in hybrid has a tailpipe and all of the maintenance implications of any ICEV, which it is. Oil companies are happy with this plan, because it keeps the gasoline flowing to transportation. The UAW is happy with this plan, because there's less disruption to their rank and file (BEVs require fewer workers, there aren't as many parts). GM is happy with this plan, because it extends the value of sunk capital, and because they can bring cheap hybrids to market to compete against more expensive Teslas. (Yes, Teslas will be more expensive.) GM also gets to stretch its battery supplies a *lot* further by making hybrids instead of going all-in on BEVs. But the big factor is those incentives.

Toyota has the same plan, but they've been more honest about it. Ford probably does, too.

The ICEV's last gasp will be those hybrids. With incentives from the US Government, those hybrids will be ridiculously inexpensive. They don't have expensive battery packs to drive up the costs, and they don't have to come with bells and whistles like OTA or fancy driver assist systems to thrive at the low end of the market.

Toyota, GM and the other legacy automakers (possibly excepting VW) will lobby hard to keep incentives flowing for plug-in hybrids. They'll try to gain the same benefit from the Japanese, Chinese, and European governments. Will that work? I don't know. Possibly not. In which case legacy automakers will focus their BEV models in those markets and push hybrids in the US.

Those 30 new models GM is planning? Many will be plug-in hybrids. As for volume production, hybrids will be what GM pushes. The BEVs will be niche models.

And analysts don't see it coming. They're lauding GM for its plan without understanding it. Or, in your case, you're predicting their demise because the batteries they'll have just won't stretch far enough to make BEVs in numbers able to challenge Tesla. But GM's plan will keep them profitable for the rest of this decade, unless the incentives regime flips a switch and excludes hybrids.

Which it should do. But it won't. Not in the US.

There's a lot of irony here - incentivizing cars with tailpipes! Yeesh. But that's the reality.

Most of GM's 1 million 'electric cars' in 2025 will be plug-in hybrids. But that won't be enough. Barra knows that. Tesla will be gobbling too much market share in 2025. So the plan will shift - but the way it will shift is to accelerate hybrid production. That, they can do without matching Tesla's immense battery manufacturing plans. That, they can do without matching Tesla's cell prices. That, they can do while keeping their ICEV profit centers pretty much intact for years to come.

Barra is wearing that smirk for a reason. MSNBS is not smart enough to ask the right questions. She knows what they don't.