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Created by yasmin_thelight 9 months ago for
Sam Korus
Sam Korus
Now Tesla is going from breaking ground on a factory to volume production in one and a half years. 
Sam Korus
Sam Korus
And I think there is still much room for what Tesla can do in the coming years. 
Created by yasmin_thelight 9 months ago for
Sam Korus
Sam Korus
Tesla laid out plans for the next 2-3 years to make sure batteries' production wouldn't be a problem
Sam Korus
Sam Korus
 or be a bottleneck for ramping and they'd be able to produce a price parity for EV. 
Created by yasmin_thelight 9 months ago for
Garrett Nelson
Garrett Nelson
EV pure play because EVs would be very heavily subsidized under Biden administration.
Garrett Nelson
Garrett Nelson
He is proposing a massive expansion of tax credits and also huge build out of EV charging stations. 
Garrett Nelson
Garrett Nelson
It will be about a twenty-fold increase in the number of EV charging stations. 
Created by yasmin_thelight 9 months ago for
Garrett Nelson
Garrett Nelson
they have very quietly increased their annual production capacity from 690,000 vehicles a year 
Garrett Nelson
Garrett Nelson
to 840,000 vehicles a year versus 3 months earlier. That's 22% increase in their production capacity
Created by yasmin_thelight 9 months ago for
Ross Gerber
Ross Gerber
And nobody is going to buy a $120,000 truck when they can buy the same ICE truck for 50 grand.
Ross Gerber
Ross Gerber
What GM is doing is trying to sell more ICE cars by making the EV so expensive 
Ross Gerber
Ross Gerber
that nobody is gonna buy it! 
Created by yasmin_thelight 9 months ago for
Ross Gerber
Ross Gerber
no.1 selling Porsche. But they're not even all-in, like dude, make a Cayenne EV. What are you doing?
Created by yasmin_thelight 9 months ago for
Ross Gerber
Ross Gerber
if they don't go all-in on EV. Other companies are doing it, Rivian, Lucid they're all-in on EVs. 
Ross Gerber
Ross Gerber
and they'll be successful but the GMs, and Fords they are out of time. 
Created by yasmin_thelight 9 months ago for
Ross Gerber
Ross Gerber
The bottom line is, that's real cash that Tesla gets paid because other companies have failed 
Ross Gerber
Ross Gerber
at creating an EV solution. They knew they can, they just don't want to invest the money. 
Ross Gerber
Ross Gerber
So it's real money. 
Created by yasmin_thelight 9 months ago for
Ross Gerber
Ross Gerber
Here's a company who is making an EV and knows that it gets credit for taking this enormous risk
Ross Gerber
Ross Gerber
in making a much harder vehicle that's better for the environment.
Ross Gerber
Ross Gerber
There's a reason why these credits exists. 
Created by yasmin_thelight 9 months ago for
Ross Gerber
Ross Gerber
They had less than $2 billion in the bank and we went up and talked to Elon about doing a secondary
Ross Gerber
Ross Gerber
or a convertible offering which he did the next day. Now, their books have $14 billion in cash
Ross Gerber
Ross Gerber
which is greater than their debt level. 
Created by yasmin_thelight 9 months ago for
Gordon Johnson
Gordon Johnson
you're talking about a company that is valuing at thousand times earnings where you're seeing  
Gordon Johnson
Gordon Johnson
growth declines in Europe, and overall they're not seeing the growth they are sowing 
Gordon Johnson
Gordon Johnson
And they are seeing significant competition next year. 
Created by yasmin_thelight 9 months ago for
Gordon Johnson
Gordon Johnson
What is your credit sales in Q4 because if it's not $400 million if it's $200 million they could
Gordon Johnson
Gordon Johnson
potentially lose money. That is the only question.
Gordon Johnson
Gordon Johnson
They are not making more money than they're selling in credit. 
Created by yasmin_thelight 9 months ago for
Jim Cramer
Jim Cramer
Even at the time of COVID, they ended up doing everything right. 
Jim Cramer
Jim Cramer
If this is a tech company, it deserves to sell exactly what it's selling. 
Created by yasmin_thelight 9 months ago for
Jim Cramer
Jim Cramer
They really don't because they've been wrong. They've been so wrong it's just better for them to say
Jim Cramer
Jim Cramer
they never really understood evaluation.