Connect with us
MyTeslaWeekend & James Stephenson debunk a lot of nonsense surrounding Tesla MyTeslaWeekend & James Stephenson debunk a lot of nonsense surrounding Tesla

News

MyTeslaWeekend & James Stephenson debunk a lot of nonsense surrounding Tesla

Credit: MyTeslaWeekend

Published

on

MyTeslaWeekend and James Stephenson shared a deep dive into the nonsense and misinformation surrounding Tesla. And they debunked each one. There always seems to be Tesla critics who take things a bit too far. MyTeslaWeekend didn’t hold back. In the video’s description, he said,

“These guys use some really dishonest math. They deduct from one side without accounting for the other. They count something for GM or Stellantis, but not Tesla. They move numbers between columns as if that’s how accounting works. They’re lying liars. Not James’ words, but mine.”

Some of the topics they covered included zero-emissions vehicles (ZEV) credits not being taxpayer money, General Motors (GM) only selling 26 Evs in the last quarter of 2021, Tesla CEO Elon Musk’s actual compensation accounting, the pump and dump myth, and so much more.

ZEV Credits Are Not Taxpayer Money

James pointed out that some people seem to think ZEV credits are taxpayer money when this is not the case.

“Some people get the wrong-headed notion that regulatory credits are a stipend from the government; that governments are giving you taxpayer money. And that is not what’s going on at all. The money you’re making is from selling to your competitors who did not produce enough electric vehicles to comply with applicable law.”

Advertisement

The money, he added is for competitors who don’t want to pay fines to the government for non-compliance.

GM Only Sold 26 Evs In Q4 2021

Despite President Biden’s claim that GM is the EV leader, the automaker only sold 26 EVs in Q4 2021.

“In Q4 of 2021, General Motors sold 26 electric vehicles. They sold 25 Volts and they sold one electric Hummer, I believe, to Mary Barra. I think she was the buyer of the one electric Hummer.”

Tesla, he added, sold over 300,000 electric vehicles.

Elon Musk’s Compensation

Elon Musk as CEO of Tesla doesn’t take a salary and James added that he doesn’t get any cash bonus.

Advertisement

“Most CEOs do have either or both of those as part of their compensation package.”

“What Elon said was, ‘hey if I can’t grow the revenue and the market capitalization of this company, the value of people’s investments in this company by tremendous amounts, you don’t owe me anything. I’ll make zero dollars if I can’t do those things.”

James further explained how the gap accounting treatment works.

“As Elon made progress towards achieving those aggressive goals that I just outlined, Tesla had to record expense relative to the proportion to the twelves tranches that Elon was making progress towards achieving.”

“This is not widely understood. So, another thing that we saw in Q1 of 2022, the most recently reported quarter was ‘Tslaq’ crying foul over the reduction in SG&A year-over-year”

Advertisement

He pointed out that this group, ‘Tslaq’ which is mostly responsible for a lot of the misinformation against Tesla, said that last year, the number was larger than this year. So by the logic of this group, Tesla must be committing fraud.

“‘It has to be fraud. There’s no way your SG&A could have come down by that much year-over-year.’ Well, it’s because a year ago, Elon was still making tons of progress towards achieving these market cap and revenue and even milestones. And this year, the work’s done already. It was almost completely achieved by the end of 2021. So there’s almost nothing left to pay against it.”

‘Elon Musk is a Pump and Dump’ Myth

MyTeslaWeekend shared his biggest pet peeve that he sees all the time which is the constant claim that Elon Musk is nothing but a pump and dump. James shared his thoughts.

“He owns more shares now than he did a year ago or two years ago. And he’s probably going to buy more shares if he can extricate himself from the Twitter situation. So, he still owns more Twitter stock than anybody else does right now. Far more than the people on Twitter’s board combined.”

Elon Musk is also often accused of pumping and dumping Dogecoin however he hasn’t sold his Doge. In fact, he’s recently reaffirmed his support of Doge. In addition to Doge, and Tesla, some critics have claimed Elon has pumped and dumped SpaceX stock and MyTeslaWeekend pointed out that this isn’t a publicly traded stock.

Advertisement

Debunking the nonsense is something that is done on a regular basis and the video, I think is a gem in the treasure box. You can watch the full video below.

 

Advertisement
Comments

News

Tesla launches new color from Gigafactory Berlin

Published

on

Credit: Tesla

Tesla has launched a new color at Gigafactory Berlin in Germany, home of the company’s “world-class paint shop,” as Elon Musk once called it.

Bringing a new color to Tesla’s Model Y, there are now five available colors for those who will receive a vehicle from Gigafactory Berlin, with four of them being colors offered in other markets.

However, there is now one distinct color that is only available in Germany: Marine Blue.

Priced at €1,300, Marine Blue will cost the same as both Diamond Black and Stealth Grey, while Quicksilver and Ultra Red are available for double the price.

It is the third shade of blue Tesla offers across its lineup, as Deep Metallic Blue and Glacier Blue are also offered, but in other markets.

Tesla has routinely flexed Giga Berlin for having the most advanced paint shop throughout its factories, and it has produced some interesting colors over the past few years, some of which were truly awesome.

Tesla Giga Berlin is getting a world-class paint shop, new color ‘layers’ to come

Advertisement

In 2020, Musk said, “Giga Berlin will have the world’s most advanced paint shop, with more layers of stunning colors that subtly change with curvature.”

He also detailed the company’s plans to upgrade the Fremont and Shanghai paint shops. Gigafactory Texas was not yet unveiled. Tesla has worked to improve those facilities, especially in Fremont.

It was able to roll out the new Diamond Black color earlier this year.

However, Giga Berlin seems to remain the standard in terms of paint for Tesla. It routinely offers new colors.

For example, back in 2022, Tesla rolled out its familiar Quicksilver color for the Model Y, while also introducing Midnight Cherry Red, a color close to burgundy. However, the company chose to discontinue the color after determining internally that customers no longer wanted to buy it.

Advertisement

Midnight Cherry Red was removed as an option earlier this year, likely to make way for the development of the new Marine Blue.

Continue Reading

News

Tesla Autopilot visualization gets big upgrade with tons of new additions

The AP visualization shows up on the center touchscreen and illustrates the surroundings of the cars. It has gotten better in recent years, as it is able to outline types of vehicles, pedestrians, animals, and more.

Published

on

Credit: @greentheonly | X

Tesla’s Autopilot visualization just got a big upgrade as the company added tons of new additions to what it will be able to render in terms of a vehicle’s surroundings.

The AP visualization shows up on the center touchscreen and illustrates the surroundings of the cars. It has gotten better in recent years, as it is able to outline types of vehicles, pedestrians, animals, and more.

Tesla just fixed a four-year-old bug with Full Self-Driving visualization

However, it still does not have every single application, and acquiring them will take some time. If an object or vehicle is visible to the vehicle but an accurate render is not available, the car will instead pick whatever is closest.

For example, I passed an Amish family yesterday in Lancaster, PA, and instead of illustrating the horse and carriage, it simply showed a small box truck.

Advertisement

In an effort to make the Autopilot and Full Self-Driving suites more robust and accurate, Tesla has added a substantial amount of vehicle renders, which will become available in the coming weeks.

The visualizations were found by Tesla hacker @greentheonly, who posted them on X.

The new visualization renders are:

  • Ambulance
  • Firetruck
  • Garbage Truck
  • Schoolbus
  • European Semi Truck
  • Golf Cart
  • Person on a Scooter
  • Person on a Skateboard
  • Stroller
  • Street Sweeper
  • Three-Wheeler
  • Trailer
  • Train
  • Tram
  • Person in a Wheelchair

Here is an image with all of the Autopilot visualization renders:

Credit: Green

The visualization is a crucial part of manual operation and can be considered a distinct advantage that Tesla has over other companies.

It continues to be an effort that Tesla invests heavily in, as it keeps refining the suite and making it more robust with additional visualizations and animations.

Recently, it was revealed that Tesla is planning to utilize Unreal Engine for driver visualization to create a realistic depiction of the vehicle’s environment. Tesla has not yet confirmed this, but coding found with the Model S and Model X showed it could be coming in the near future.

Advertisement
Continue Reading

News

Tesla dominates best-selling EVs in Q3, but there’s one disappointment

Published

on

(Credit: Tesla)

Tesla dominated the sales figures for electric vehicles in the third quarter in the United States, but there was one disappointment: the Cybertruck.

As a whole, the EV industry benefitted from the loss of the $7,500 EV tax credit in Q3, which was something many expected. As the credit expired, consumers rushed to showrooms to take the credit and remove $7,500 from the purchase price of their new vehicle.

Will Tesla thrive without the EV tax credit? Five reasons why they might

It was a very interesting time for many companies as they scrambled to figure out how to push as many vehicles out the door as they could in preparation for the tax credit’s removal. In typical fashion, Tesla was able to top every manufacturer and secure a dominating portion of the overall market in Q3.

However, some other OEMs pulled out some surprises, including Chevrolet, Honda, and Ford, which managed to get two vehicles in the top 10, as many as Tesla.

Advertisement

Cox Automotive compiled the data in its Q3 Electric Vehicle Sales Report:

  1. Tesla Model Y – 114,897
  2. Tesla Model 3 – 53,857
  3. Chevrolet Equinox EV – 25,085
  4. Hyundai Ioniq 5 – 21,999
  5. Honda Prologue – 20,236
  6. Ford Mustang Mach-E – 20,177
  7. Volkswagen ID.4 – 12,470
  8. Audi Q6 e-tron – 10,299
  9. Ford F-150 Lightning – 10,005
  10. Rivian R1S – 8,184

10.5 percent of the automotive sales in the U.S. in Q3 were electric, a new record that surpasses that of Q3 2024, where the total share of sales for EVs was 8.6 percent.

Now, the disappointment that is evident from this list is the fact that there is no Tesla Cybertruck listed. That’s because it was the second-best-selling EV pickup on the market. The company sold 5,385 Cybertruck units in Q3.

The Cybertruck has been a vehicle that has confused many Tesla fans and owners, especially considering the company had such stratospheric expectations for the vehicle while it was in development. Reservation trackers had the truck sitting between one million and two million orders, but it has not lived up to that.

Pricing is the main issue with Cybertruck. Tesla introduced the pickup with Single, Dual, and Tri-motor configurations, priced at $39,990, $49,990, and $69,990. Those price points are simply a thing of the past.

Continue Reading

Trending