Alright so GM's CEO, Mary Barra is back in full force again, with the confidence behind
GM's electrification. Barra is asking why GM is having such supply issues, when the
market saw that Tesla managed to navigate around the chip shortage, and is now having
record quarters, if Tesla can do it, then why cant GM.
Barra, sidesteps most that question, with strawman answers, and never once even acknowledges
Tesla. You see in politics, or journalism, if you don't want a company or individual
to succeed and you really have it out for them, then you don't talk negative of them.
You simply ignore their existence. Remember no such thing as bad publicity, well except
no publicity. Ford, GM, UAW and the Biden Administration can't even say the T word.
They cannot acknowledge that Tesla even exists. That's how scared of Tesla they are. VW can
at least admit it, and know that Tesla is eating their lunch, and Herbet Diess, the
CEO of VW, is at least doing everything he can to move VW to an electric future. And
they are as a result about equal second with BYD when it comes to global BEV sales. I said
BEV, so that excludes all of BYD's hybrids, which account for something like half of their
auto sales still.
But GM refuse to even whisper the word "Tesla". So whats going to happen, when they try and
launch their EVs, that have really bad ranges, at least for the money they cost, and they
don't have a charging infrastructure to support them? Why is there no charging structure,
because they decided not to use Tesla's supercharger network, as that would mean they have to acknowledge
that Tesla is a real company and exists, and is absolutely destroying their business at
an exponential rate. Consumers have decided we dont want these poisoning, smelly vehicles
any more. It's old technology, and electric is better in every single metric. Really,
I think that there is absolutely nothing at all, that ICE has over electric. The only
thing that could be argued is the fact there is no engine noise, but this is likely just
something we are used to, and conditioned with. It could be likened to missing the smell
of manure when the transition went from horses to cars.
It's not GMs fault really though, its the chip shortages, which unfortunately people
do not understand the complexity of, until you dive into it deeply. So its a bit more
complex than everyone's looking at it. And that is why Tesla were able to continue ramp
up, whilst GM had to cut production. It's because its more complex. Understand? It's
complex according Barra, that their chips couldn't be made, and Tesla's could. That's
the reason why. And people do not understand this complexity. Ok, we are people, so we
don't understand, Barra understands complexity though. And Tesla may not understand the complexity,
because they didn't have chip issues? Wait, Tesla did have chip issues too, and found
a solution. Ok, so that was a non-answer to an interesting
question.
But they are seeing stronger supply in the fourth and first quarter supposedly, so it
will be interesting to see if this is true. For those of you who don't know Barra is a
constant liar, so its most likely that this is far from the truth. But I guess we will
see how their supply picks up this quarter, and it will give us more information as to
how much of this is a supply issue and how much is a demand issue. Remember Tesla will
sell nearly a million cars this year, and have probably another 2 million on waiting
lists now already. Well that's 3 million consumers that didn't buy a GM.
Tesla is not growing the automotive market, just the EV market, at the cost of the ICE
market.
Of course Barra has to talk about the Hummer EV too, because that's GM's only EV that they
have, at least that don't catch fire continually. Well, maybe its too early to call that, it
could be another GM EV that goes up in flames. Yea, who in their right mind really wants
to risk being in a car, built by a company, that's last EV kept catching on fire?
But it might be launched in November, wow. Ahh, what a brand, Hummer, the literal antithesis
of all brands associated to cleaner energy.
And then apaprently the cadillac Lyriq will launch early next year. We look forward to
hearing the full specifications of that, and see what you actually get for your money.
Spoiler alert: a lot less than a Model Y. But don't worry there will be lots of fancy
lights and buttons, to make it look like its the future.
The funny thing is there will be GM fans who watch this video, and comment, and say thing
like, "oh you're a Tesla channel, no wonder you are giving GM such a hard time, you are
just being biased". Or how subjective I am being about this. They realize very little
still to this day, just how unbelievably bad GM is. I am being 100% objective, I research
this for a living. Even if GM did bring out a good electric car, it wouldn't have any
impact on Tesla's sales anyway. Tesla are just in their own little world, making as
many cars as they can, they don't need to find customers.
Well those of you GM investors out there, you might want to take your head out of the
sand for a moment, and assess what is actually happening in the industry. As if its not enough
already that Tesla has a valuation of something like 15 times as much as GM. 15 times the
valuation.
GM are aiming for 10,000 Hummers in the first year. Tesla should be producing that many
every few days. Just to put things into perspective.
But here's were it gets crazy. Barra claims that GM will be the market leader in EVs.
Despite on the interview being told right now Tesla is at 63% market share. And then
believe that by 2025, GM can catch up to Tesla. Barra says absolutely they can achieve this.
When you look at the portfolio they have, not only the Hummer, that might sell 10,000
units next year - oh by the way, I doubt they will achieve that for a start, and the Lyriq,
but also an equinox like product coming, she says equinox, which in case you didn't know
is a disgusting Chevrolet cross over, and she doesn't say Model Y - nope cant mention
Tesla. Oh and its going to be around $30,000. $30,000!!!! GM are going to make a competitor
to the Model Y, and its going to come in at around $30,000. Perhaps she means once they
have been given a $12,500 tax credit? Even so, they must be losing a fortune on that
too. What is wrong with this company? It's just full lies to keep the stock price up,
with dog and pony shoes, and smoke and mirrors.
And then Silverado E, trying to compete against the Cybertruck and F-150 Lightning, once they
have already been ramping up in the affordable electric pick up segment for sometime, as
the Silverado will struggle to launch by 2023. And by launch, I mean probably less than 10,000
units a year anyway.
And then a GMC product after that, whatever it is, I guess they aren't sure yet. Oh but
also all the other products that they haven't announced yet.
She says, when people get into these vehicles they are just wowed, that's the only thing
she said that I believe. I would be too. "Wow, I can't believe you made such an awful car".
And then finishes here interview off, by saying, we are just going to keep working, until we
have number one market share in EVs. EVs, not even EVs just in the US, but EVs globally.
Funnily enough Ford claim the same, perhaps they use the same PR company. As she said,
I think she actually maintained her composure too, and kept a straight face. Wow, she is
one serious pro. I guess after this career, she might have a good chance as a politician,
with composure like that. She might want to look at that sooner than later though, as
I am guessing her GM career will not last much longer.
I mean how can GM compete from this far behind Tesla at their own game, with inferior staff,
technology, know how, legacy systems, of course unions, advertising car dealer networks, lack
of batteries, vastly inferior and more expensive batteries and all the other legacy systems
holding them back from making any profit ever on an EV. Yet they claim they are going to
not only catch up, but overtake Tesla too?
Tesla is disrupting industry too much, too quickly, and we are seeing government and
corporations doing everything they can to uphold their moat. But like I say, this moat
is locking them in, rather than keeping others out now. I can't see how GM can last much
longer, I think 2025 has got to be a huge stretch for their survival, let alone to actually
catch up to Tesla. Oh well, this is what the face of a highly unethical corporation looks
like, we are witnessing it first hand. Lie, lie, lie, deny, deny, deny. Bankrupt, bankrupt,
bankrupt. Good riddance GM.
Thanks