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A highlight from Past Gas #164 - The History of the Baja 1000

Past Gas

04:22 min | 3 d ago

A highlight from Past Gas #164 - The History of the Baja 1000

"I am a stand up comic turned YouTuber actor host and now entrepreneur. I own a matcha store and I also own a clothing brand. Yes, I do it all. I know it sounds like bullshit, but I'm the type of dude that does whatever his heart desires. And that's why I am the product that this said garbage lifestyle. If you're looking for a podcast that is absolutely about everything and nothing at the same time, you tapped into the right place, current topic stupid life stories and completely unfiltered bullshit from a former youth pastor. Did I mention I was a youth pastor as well? Yes, you can catch the U.S. brain on all audio platforms and YouTube all you have to do is look up genius brain one word genius brain and me and a bunch of my friends will keep you company on your commute to work or you know when you're just touching yourself to that's not even a part of the script. What am I reading here? Okay, well, see you guys there. This is awkward, ended. And it now. Xbox is changing gaming forever with their acquisitions of video game publishers, Activision, and zeni max, as well as the surge of Xbox game pass. With the brand making big moves so often, you may need a little show called defining duke and Xbox podcast in your life to stay up to date on all of that and more. Defining duke is one of the most highly listened to Xbox podcasts available, and if I do say so myself, it's for good reason. It's hosted by me, Maddie, a video game critic, and developer with half a million subscribers on my mister Matty plays YouTube channel. Alongside me is my co host, lord cognito, who is the CEO of lords of gaming and integrity obsolete for Oculus VR. We both hold a decade plus workload put into the video game industry and together we discuss and debate the hottest news and releases in the world of video games and other important stuff like the sanctity of onion sandwiches. Defining duke and Xbox podcast is available for free wherever you listen to podcasts. There's a lot going on in the world of pro wrestling these days, and if you're a fan of WWE AEW new Japan impact or all the above and more, you've got to be listening to Steven Larson's going in raw. The only pro wrestling podcast you need. Here at going in raw, we give our take on all the backstage news and gossip from the most trusted pro wrestling news sources and we break down every episode of WWE and AEW and all the biggest international shows. Having been pro wrestling fans for almost 30 years now and best friends for most of that time, we have a unique perspective you don't get at other pro wrestling podcasts. And we have the best pro wrestling community in the entire business. No toxicity, no negativity, just a good time talking wrestling with the friend doze. So check out going in raw, the only pro wrestling podcast you need to be listening to wherever podcasts can be found. It's the year 1976, America was going by Centennial crazy. Two guys named Steve were starting a computer company in their garage, and rocky was just hitting theaters. But south of all that, just over the U.S. Mexican border, American Ivan Stewart was driving in the Baja 1000 by himself. A first in the race's history. Though Stewart had driven the ensenada 300 by himself, this would be a little different. The Baja 1000 is an arduous 1000 mile drive through the remote and desolate Baja Peninsula. For many, it wasn't a question of when you finished, but if you'd finish at all. The route was treacherous, and so was the weather. Stewart would face flash floods and fog, scorching heat and freezing cold. Rocks and boulders and unpredictable herds of animals. If Stuart broke down or got injured, the journey might cost him his life. But it didn't. Instead, the brave driver from Oklahoma won the 1976 Baja 1000. Stewart finished the ensenada loop at 12 hours and 17 minutes. Smashing the record for four wheelers by two hours, a record that would go unbroken by the way for two decades. Stewart quickly became a fan favorite in the sport as he continued to solo race and win even more titles. How did a publicity stunt organized by a Hollywood stuntman grow into such a prestigious race? What has kept drawing races back to the Baja 1000 for the last 55 years? And what makes the Baja one thousand? One of the most

Wrestling Lord Cognito Youtube Steven Larson U.S. Activision Matty Maddie Baja Ivan Stewart Stewart Baja Peninsula WWE Japan Ensenada Steve Stuart Oklahoma Hollywood
A highlight from Past Gas #163 - How the 924 & 944 Saved Porsche

Past Gas

12:31 min | Last week

A highlight from Past Gas #163 - How the 924 & 944 Saved Porsche

"Out. Because it's not the same experience if you're not freezing. Right. So I got my long Johns on. But in the back. The little hatch. You're waddling. It's 7 in the morning. Yeah. Carrying a candle in a little holder thing. And I put it all in a hole and I burn it. There you go. Kerosene on it, burn it. So my great grandma's from Sicily, and we grew up speaking like random Italian words. And then at least my whole life, we thought that bacau zu was bathroom in Italian or at least like the Sicilian dialect. And it wasn't until maybe 15 years ago that we found out she was just mispronouncing back house. That's great. Stuff into text. And you can choose the accent. Take the exit last year. Yeah, it's like almost problematic when they say supple Vida. Yeah, that's classic. These are all Los Angeles specific Google Maps. This is the only talk about traffic and how to get around around here. It's true. It's true. Welcome back to past gas everybody exciting day here at the donut office. We're recording this on November 10th, which is when the donut media story on Forza horizon 5 went live. I am overwhelmed. Dude, it's so surreal. I got a little emotional twice. Like yesterday the day before. Like Nolan and I are in a video game. Our faces and versions of our bodies are in we were given the or I was and I spoke on the guy's behalf. We were given the choice between the quote normal body or the chubby body and I chose the normal one because they were like some of the clothes won't fit the chubby one. I was already gonna pick the normal one. So we are a little skinnier than we are in real life. Don't be surprised if you meet us in person and we're a little beef here, but we know. I don't regret my decision. I'd rather shrink into my fours herself instead of growing my real life so. It didn't really hit me until this morning when people were kind of tagging us in Instagram stories and it's just overwhelming. I can't. I don't know. I have a hard time with stuff like this. Because we are so focused on moving forward with stuff, it is sort of hard to be proud of yourself, but I think we should take time, Nolan. Totally. And Joe. And I want to be proud of ourselves, but also thank all you guys for supporting us. Absolutely. It's cool that this is our job and I can't believe we have such an amazing audience that allows us to do. Truly mind-blowing things that I never thought would be possible. So thank you guys for all your support and cool just keep trying to do. New and awesome stuff for you. And it's cool for me because I am in the video game as well, but I had to make my own character. So we can hang out. Yeah. But the good news is I'm the main character. Yeah, yeah, yeah. You're the cool friend. So we're out of town or something. Over Christmas break. You're home. And you're like, man, I really miss Nolan and James. You, as Joe. Can go do a mission? Just like he doesn't work. That's what I call tasks. It makes it more fun around the office. Hey man, I got a mission for you. Can you write a script on? Well, James gave me three gold stars in my script this week. Awesome. Well, speaking of scripts, let's get into this. Let's do it. Let's talk about Porsche. Oh, I'm James pumphrey. Also, the other voice you hear is Joe Weber and the guy from the intro is Nolan's sight. Yes, thank you very much. Big thank you to our returning listeners. And if this is your first time, welcome to the show. Yeah, welcome to the show. Welcome. We're in a video game. Take your shoes off. Yeah. Get cozy, or drive to work. Whatever you're doing, do it. All right. As we all know, the mid 1960s were a wild time. The Vietnam War was in full swing. The Beatles were making music history. And consumer advocate, Ralph Nader released his book unsafe at any speed. Okay, so maybe you haven't heard of Nader's book. If you've listened to anything or watched anything on our channel, you probably heard of it, yeah. But when it came to the auto industry in 1965, this book was a very big deal. Most of unsafe at any speed focused on issues ranging from miserable crash protection to the alarming number of drivers being impaled by steering wheels. But the book also took an especially harsh view of the rear engine sports car. Why attack these cute little speedsters you ask? Well, simply put the Chevrolet corvair had essentially become an unguided missile on the road. Crashing and killing Americans in the early 1960s at a startling rate. Nader's research pointed to the corvair's rear engine design as the primary reason for the carnage, which led executives across the auto industry to fear that the layout could be altogether banned in the coming years. That's something we don't really think about often is like an engine layout being banned. Yeah, but we talked about this before. We've had episodes of Wheelhouse or whatever. It wasn't necessarily just the placement of the engine. It was the suspension, the rear suspension. That made it kind of Wiley. Yeah, so what the engineers did because the rear suspension geometry itself was not super stable. I think it was particularly under, if you let off the gas, like a Porsche in a turn, the rear end had a tendency to step out and spin out and kill you. But what they did to compensate for that was let air out of the tires. And that would make an adjustment to rebound and what have you. But if you didn't know that and didn't stick to your owner's manual and just pumped up to the tires to like whatever thought fit. What would ever was on the tire that stiffened the rear end and thus made it Twitch year and more likely to kill you. We did go kart in yesterday and they actually let the air out of the tires a little bit. Really not hear that? No. Oh, someone asked it as a joke, like what's the PSI in the tires and the guy was like, well, actually 34 and 32 or whatever. And he was saying that people were getting much better times by letting out four or 5 psi. Of course, yeah. Probably wouldn't have been skittering all over the place and under steering like a madman in those days. Yeah, that was a lot of understeer. Dang, dude, I wish we asked earlier anyway. Yeah, man, let's talk about this for longer. Okay. Anyway, one company that was really sweating after Nader's book was Porsche. They released their flagship model, the 9 11, only a year before, and while their rear engine coupe was an immediate hit at the racetrack and with consumers. If the laws changed in the U.S., their most important market, they would be in dire financial straits. I love Dire Straits. Me too. You guys like that bad? Good band. Yeah. But first, let's roll back the clock and get a quick hit of Porsche history. So we have some context. Portia was founded in Stuttgart, Germany in 1931 by Austrian born mechanical engineers slash friend of Adolf Hitler Ferdinand Porsche. After years of working for other companies such as Daimler Benz, the doctor decided to strike out on his own. Despite being an extremely small operation with limited resources, Ferdinand and his firm quickly garnered a reputation as one of the most innovative automotive designers in the country within only a few years. When Hitler came to power in the mid 30s, one of his priorities beyond fascist world domination was working out the kinks in the soon to be mass produced, Volkswagen. Or the people's car. Ferdinand got a call from Adolf to help out and voila. By 1935, Porsche had designed a version of the iconic Volkswagen beetle and by design he kind of copied it from a Jewish designer from a check company called tatra. Hitler was so impressed with Ferdinand's work that he personally saw to it that Porsche designed a Volkswagen racer for the 1939 auto union Grand Prix. Along with a larger wheelbase and a more aerodynamic design, Porsche tinkered with the idea of expanding engine capacity by using different valves and cylinder heads. He also began to zero in on a revolutionary function called fuel injection. Ferdinand had whipped up three prototypes by early 1939, but then Germany made some shall we say aggressive military moves into Poland that same year. And as a result, the auto union Grand Prix was canceled, and further the development of the Porsche race car was brought to a halt. Throughout World War II, Ferdinand remained in cahoots with Hitler. He wasn't involved in any combat, but he continued work on the consumer focused beetle and lent his know how to the Führer for how to increase production of German military equipment. And because of this, Porsche was arrested and thrown in French prison for 22 months after the war. Not a very long sentence. No, not considering. Well, as his father grinded out his prison sentence, Ferdinand's son, doctor Ferdinand ferry Porsche, junior assumed control of the company and moved the firm back to Austria, where they initially stayed afloat as a general repair and service company. But by late 1946, they had regained their financial footing and were considering how to enter the auto market with their own design. This should have called the Boxster the Porsche junior. Yeah. Right? Porsche junior. What a 100%. The junior knew from Porsche. You don't really see Porsche commercials on TV do. They don't have to. I also can't remember the last time I've watched TV. I love when we travel and have to stay in a hotel because then you get to catch up on what broadcast television is like. And it's dire. Yeah, for anyone complaining about the number of ads and a YouTube video, watch cable. Watch deadliest catch gold rush edition. They have to survive on their own and mine gold. Yeah, yeah. With crabs. Try and follow a narrative 45 seconds at a time with 9 minute breaks to watch cialis commercials. Anyway, don't see any Porsche commercials when watching that. You've been in a Porsche commercial. Yes, yeah. Really? Is that why you brought it up? Well, now that you mentioned, I mean, we did Porsche spot. Very Porsche decided that if they're going to go pro, they would need to start small and appeal to a very specific demographic. People, with money, ferry research demand for handmade, high performance machines, and eventually convinced a group of Swiss investors to back his fledgling project. Based on the bones of a VW bug, the Porsche three 5 6 one roadster hit the streets of Austria in March of 19 48 with an adjusted for inflation price of about 42 grand. More like 60 grand with markup today. They're still on a three 5 6 on a 90 $9000 at this dealership in Ohio. The three 5 6 roadster had a 1.1 liter four cylinder VW rear engine that could speed the curvy little coupe to over 80 mph. This thing goes zero to 80. Praised for its fantastic handling and eye catching design. The model was an immediate hit and true to ferry junior's frugal vision, a small scale production of 5 handmade cars per month was off and running by the end of the year. Is the three 5 6 the car that James Dean drove? I was gonna bring it up, I don't think so. So you got 6 is the upside down looking bathtub one. Yeah, yeah. I saw one of these in pretty bad shape at a

Porsche Nolan Donut Office Ferdinand Nader James Pumphrey Joe Weber JOE VW Sicily James Hitler Adolf Hitler Ferdinand Porsche Daimler Benz Ralph Nader Corvair Los Angeles Wiley Google Chevrolet
Apple Watch Executive Takes Over Secretive Car Project

Geek News Central

01:09 min | 1 year ago

Apple Watch Executive Takes Over Secretive Car Project

"Apples always pushing the edge. And i thought apple kind of watched walked away from from cars but the apple watch executive is taking over secretive car project now. Just two days before hideaway. Doug field ahead of apple secretive car project that tech china's tap apple watch exact former adobe. Co kevin lynch to take his place so in the latest changing of the guard for the project known as project titan which is rotated leaders about as much as reporting shifted focused They replace individual so he's been working on this since july when he was brought in to help develop the vehicle software. He's been with apple since two thousand thirteen. Curiously bloomberg rights at lynch still reports to apple's cheap chief operating officer jeff williams and not to john daria the company's head of ai. So we'll keep a watch on what's apple doing anything apple build some apple bands will

Apple Doug Field Kevin Lynch Adobe China John Daria Bloomberg Jeff Williams Lynch
GM, Ford Halt Some Production as Chip Shortage Worsens

AP News Radio

00:48 sec | 1 year ago

GM, Ford Halt Some Production as Chip Shortage Worsens

"The global shortage of computer chips is getting worse and that's prompting automakers to temporarily shut down factories General Motors says it will pause production at eight north American plants during the next two weeks including two that make the company's top selling Chevy Silverado pickup meanwhile Ford will stop making pickups at its Kansas city assembly plant for the next two weeks and cut shifts it to more truck plants in Dearborn Michigan and Louisville Kentucky industry analysts say the delta variant of the corona virus he said employees at chip factories in Southeast Asia hard and that's for some of those plans to close or sending a chip shortage that had been starting to improve the cuts will compound an already short supply of new cars trucks and SUVs which has pushed prices to record levels I'm Ben Thomas

General Motors Silverado Chevy Dearborn Kansas City Ford Louisville Kentucky Michigan Southeast Asia Ben Thomas
Edmunds: Vehicle Prices Remain High This Labor Day Weekend

AP News Radio

00:50 sec | 1 year ago

Edmunds: Vehicle Prices Remain High This Labor Day Weekend

"If you were planning to go car shopping this Labor Day weekend don't expect to see the big markdowns you would have seen in years past the pandemic is made this another far from normal year when it comes to car buying usually dealers discount their inventory to make room for next year's models but because of a shortage of computer chips new vehicle inventories about a third of what it should be and Jessica Caldwell with admins says that lack of inventory means higher prices new vehicles are averaging forty two thousand three hundred dollars that's nearly nine percent higher than last year and used cars high in demand cost about twenty seven percent more than last year averaging twenty six thousand four hundred dollars hi Jackie Quinn

Jessica Caldwell Admins Jackie Quinn
Ford Cuts F-150 Pickup Production Again Due to Chip Shortage

CNBC's Fast Money

01:57 min | 1 year ago

Ford Cuts F-150 Pickup Production Again Due to Chip Shortage

"Four chairs on the move today after the automaker announced production cuts due to the ongoing chip shortage crisis. Philip got the details from chicago hotel. Melissa the announced this late in the day and it essentially is gonna hit the big profit maker for four the f. one fifty because of the shortage the company will be idling the plant in kansas city where they build the f. one fifty. It's already been shut down this week and last week. They're also going to shut it down next week. And they're also going to be reducing the number of shifts at the f. One fifty plant in dearborn michigan dropping. That down to one shift next week again because of the shortage of chips that is limiting their ability when it comes to production. We'll get ford august sales numbers tomorrow. In terms of industry sales in august. We knew it would be rough and the numbers are finally in. According to motor intelligent the sales rate for the month of august with thirteen point one million vehicles again. that was basically what people were expecting. And that is well below what we saw. These are the annual numbers back. In april it was eighteen point five million. So we're seeing the fall off here because of the limited supply take a look at toyota hyundai honda. All of them reported lower sales in the month of august due to the restricted supply. And then you've got gm and still lantis and the reason we're showing you. These guys is because they don't report their monthly auto sales but both of them have had to cut their production of pickup trucks again. The profit drivers for those two companies in north america. If there is any group though that is for the most part withstanding the shortage of vehicles mainly because they can also take used vehicles. It's the auto dealers we're talking about auto nation group one penske all of them and it's not just these guys look almost all of the auto dealer stocks because of the used market being so strong and because what they are doing when it comes to new vehicles and the high transaction prices. Melissa spin a heck of a year for the auto dealer

Hyundai Honda Melissa Philip Dearborn Lantis Kansas City Chicago Michigan Ford Toyota GM North America
GM to Add AT&T's 5G Connectivity to Vehicles Starting in 2023

Orlando's Morning News

00:20 sec | 1 year ago

GM to Add AT&T's 5G Connectivity to Vehicles Starting in 2023

"General Motors is going to sell vehicles with five g sell your contact selling the cellular connectivity. There we go. Provided by AT and T starting in 2023, the higher speed network is expected to enable greater connectivity for in vehicle systems. Such as infotainment, navigation and software UPDATES. GM says it expects five G to be in the millions of its vehicles in the next

GM AT
Senators Want FTC Enforcement on Autopilot

Tesla Daily: Tesla News & Analysis

01:43 min | 1 year ago

Senators Want FTC Enforcement on Autopilot

"Aren't so pretty. Nice day for tesla stock today shaking off some of the red from earlier this week. Finishing up three and a half percent to six hundred eighty dollars ninety nine cents comparatively. The nasdaq was down nine. Tenths of a percent most of that drop happening in the last hour. Two hours of trading after the fed minutes came out so the minutes from the federal reserve's meeting today indicating that they are considering tapering off their monthly asset purchases sometime in the near term but obviously those things can and often do change so the market reacting to that towards the end of trading and tesla got pulled down a bit as well so pretty strong day for automakers just across the board today so we ejected on this yesterday but will check in again today probably for the last time this week but weekday performance so far tussles down about four percent a little bit less than four percent so far and actually now doing about a half a percent to full percentage point better than gm. Ford's atlanta's volkswagen and neo so despite all the coverage of the knits investigation. If you'd just slept through the first few days of the week which is actually not a bad strategy for an investor and you just looked at automaker performances we to date. You'd have no idea that there was investigation on tesla. And you'd probably say oh tesla's having a pretty good week relative to others so markets down today tesla up and that was despite reports that two. Us senators are currently urging the federal trade commission to open a probe into whether or not tesla used deceptive marketing practices involving drivers systems features which tesla of course calls autopilots and full. Self-driving that is per the wall street journal. They write quote in a letter to the head of the fdic. We con dated wednesday senators. Richard blumenthal of connecticut and ed markey of massachusetts said they have serious concerns about how tesla advertises. Its advanced driver assistance features. Which don't enable vehicles to operate autonomously. They took aim chief executive elon. Musk for some of his comments and quote.

Tesla FED Volkswagen GM Atlanta Ford Federal Trade Commission Richard Blumenthal Wall Street Journal Ed Markey Fdic United States Connecticut Massachusetts Elon Musk
Goldman Sachs AI Day Expectations

Tesla Daily: Tesla News & Analysis

01:47 min | 1 year ago

Goldman Sachs AI Day Expectations

"Robin our here. And today we're going to be talking about a couple of analysts. Updates one from goldman sachs about their expectations for a day. I think those are kind of helpful. Just to get a sense of what institutions are expecting for events like that then we've also got a bit of an update on that yuan. Musk source city. Trial some news out of china and a couple of stores as well bit of a tougher day for tesla again. Today though the stock did recover some in the afternoon ended up finishing down about three percent. Six hundred and sixty five dollars. Seventy one cents. The nasdaq was also down today. Nine tenths of a percent. So i know feels like a rough week for tesla. But it's been kind of a rough week for all automakers looking at a handful here you can see. Gm down six for instilling tests down about four and a half percent. Volkswagen in neo down seven percent expand down six percent average across the board of those down six percent so desolate spent a little bit worse. But not really all that much especially given the context of the nitsa investigation as the interest from that fades from earlier. this week. Everyone is going to be turning their attention to a idea of course scheduled for this thursday. It'll be five. Pm pacific time eight pm eastern time. I do believe tesla intends to livestream it. We don't have those details yet. But i think eli had previously said that they would though i can't find that tweet at the moment i'd be shocked if they didn't and also plan on live streaming as well so as i mentioned goldman sachs last night. Put out a note with their expectations for a day and in their introduction. They did note that this is going to be a purposeful recruiting event. So hopefully that stands from tesla has kind of cut through to most investors and. I think that really helps to keep expectations a lot. More realistic in terms of what was going to be talking about as goldman sachs. They expect hustle to talk about five key topics which they outlined in this note. I they say they expect us to discuss its. Ai neural net now strained. I would agree. That is something that we've heard tesla talk about both at autonomy day and then if you followed andrea carpathia presentations. He's talked a lot about those sort of

Tesla Goldman Sachs Robin Volkswagen GM China ELI Andrea Carpathia
Senate Backs Limiting EV Tax Credits

Tesla Daily: Tesla News & Analysis

02:07 min | 1 year ago

Senate Backs Limiting EV Tax Credits

"Everybody robin our here and they were talking about some news on the federal. Us tax credit. There's been a new introduction there in the senate then. We've got some news out of china and berlin i two quick scheduling update as i mentioned at the end of yesterday's episode. I will be traveling this week. So i'm planning on probably doing a livestream tomorrow and probably without much equipment so might just be me talking to you guys face to face and then i'll have to be off on friday. I i up here. Let's talk about what's going on with this. Ev credit so we know that yesterday the senate had passed the infrastructure bill that includes funding for charging stations that will go over to the house of representatives. But in the meantime the senate has been working on the three and a half trillion dollar budget plan which the democrats hoped pass along side the infrastructure bill so the senate has done today is passed a budget resolution by a vote of fifty to forty nine and this while also then move over to the house of representatives. The house is currently on recess but will be returning on august twenty third earlier than previously scheduled to work on this budget resolution. The best way to understand what the budget resolution is to think of it. As a blueprint or framework. This is not a bill. It's not something that eventually get signed into law but it does outline the eye level goals for the budget in terms of spending revenues deficits and allocation of the budget then also serves as a prerequisite for the reconciliation process which we've talked about a little bit in the past. We all need to go through all the details of that but basically it's about the democrats hope to be able to use to eventually get this budget through congress so this is one step along the way many steps remaining there will be a low here for a couple of weeks and will probably start to hear more when the house is back and session so i mentioned that there was news on the tax credit. That news is from this budget resolution. Which remember is just outlining the high level framework so nothing here is getting signed into law. This is really just a set. The agenda and there will be ongoing debate about what finally ends up in. The budget reconciliation process. Hopefully that provides enough context to set the stage here so bloomberg reporting via auto news. Here quote the. Us senate voted fifty-one to forty-eight for a nonbinding amendment to president joe biden's three and a half trillion dollar budget resolution aimed at limiting who can get a tax break for buying an electric car or truck. And which vehicles qualified

Senate House Of Representatives Robin Berlin China United States House Congress President Joe Biden Bloomberg
Heres Why Tesla Is so Important

Tesla Daily: Tesla News & Analysis

02:01 min | 1 year ago

Heres Why Tesla Is so Important

"Everybody raum our here and today we're gonna be talking about a couple of really important reports. First tesla's most recent impact report which has a ton of fascinating details and it won't go through the highlights. There that release also coincided with a huge new report on climate change by the will spend some time on that as well and then we've got a few other quick hits of news which will run through at the beginning. Quick look at tesla stock another relatively low volume day to day to start the week off just under fifteen million shares traded but tussles up two point one percent on the day to seven hundred and thirteen dollars. Seventy six cents that compared to the nasdaq up about two tenths of a percent. Cosstalk did see an upgrade today from jeffries and almost philippa who schwa- upgrading from neutral to buy which as we've talked about upgrades like that where they're actually rewriting. The stock those are more significant to analysts than press targeted adjustments. But that being said he did increase his price. Target from seven hundred dollars per share up to eight hundred fifty. From the note quote valuing tesla is as challenging as ever we raise our discounted cash flow base price target from seven hundred dollars to eight hundred fifty dollars on higher profitability and accelerated growth. While at thirty five percent five year compound annual growth rate. we remain below tessa. Guidance of fifty percent as trend growth desa currently trades on nine times revenue and sixty two times earnings before interest and tax a level disconnected with auto multiples but in our view more consistent with net growth lack of legacy issues and wider addressable markets including energy generation and storage and one. Quick little note here. Just because i do see these inflated allot tesla has guided for greater than fifty percent growth compounded annually for vehicle deliveries. That doesn't necessarily mean revenue would grow at fifty percent. Plus obviously it very well could but that's not what tesla has specified so to me. It's not super clear but it does look like in this case. Jefferies is comparing their revenue forecasts tesla's vehicle delivery guidance and tennessee that a lot so just wanted to point that out next year. We've got an update on giga texas. From joe tag mayer. He does drawn flyovers there and remember last week. We had talked about him here. He that tussle was going to be doing a test. Production run for the mentawai next week. Which would not be this week

Tesla Philippa Jeffries Tessa Jefferies Joe Tag Mayer Tennessee Texas
Delta Variant Knocks Out This Year's New York Auto Show

News, Traffic and Weather

00:27 sec | 1 year ago

Delta Variant Knocks Out This Year's New York Auto Show

"One of the biggest auto shows in the country, is now off the 2021 New York in National automobile show has been cancelled as covid cases are rising in the delta variant spreads. The 121 year old show has now been canceled for the second straight year due to Covid a statement from the shows president said they were optimistic about being able to hold the exhibition in August. But with Covid 19 rates climbing, they decided to pull the plug A B C's Mark Remillard, her flight to

New York Mark Remillard
GM Confirms New Electric Truck and Van for Commercial Customers

News, Traffic and Weather

00:29 sec | 1 year ago

GM Confirms New Electric Truck and Van for Commercial Customers

"Part of General Motors commercial lineup in the years ahead. Speaking on the automakers earnings call today, CEO Mary Barra said jail will add a full size battery electric cargo van for Chevrolet, as well as a medium duty truck for service and utility vehicles such as school buses and bucket trucks with Both of those vehicles complementing bright drop. She didn't provide a timetable. GM shares today tumbled eight and three quarter percent. That was after the company's quarterly profit came in below expectations. That's your money now.

Ceo Mary Barra GM Chevrolet
Tesla Teases AI Day and Partnership With Famed Roboticist

Tesla Daily: Tesla News & Analysis

01:40 min | 1 year ago

Tesla Teases AI Day and Partnership With Famed Roboticist

"Let's talk about this news on. Ai day overnight. We got this tweet from dr dennis. Hong who is a professor at ucla and the founding director of their robotics and mechanisms laboratory. Anyway he tweeted out. This photo of some beautifully rendered computer hardware. Sang tusla a day. August nineteen twenty twenty one at palo alto california five. Pm pd so we had a date now. Looks like we also have a time and a location for ai. And we're left to speculate on what this hardware is and why dr hung is tweeting this out. Dr hong certainly enjoyed stirring up that speculation. He's got a number of tweets. Replies here as well as likes on other tweets that have encouraged speculation. I would say one of his first replies since that original tweet was to question asking if the ucla lab was now associated with tesla and fasd. Aung san can't say anything just yet with a couple of playful emojis at it. Of course we've seen tesla partner with academic labs in the past for research. Great example of that on the battery fronts being with jeff. Don somebody brought that arrangement up and reply and harm replied to that saying dot dot dot or something else dot dot dot blowing a kiss emoji if we dig back a little bit further we can actually see that this tweet that does have this photo rendered in. It isn't the first time he's talked about his involvement with tesla. It does go back a few days prior. So i found this tweet from july twenty ninth and it's in korean but it doesn't include another post from hong. I believe on a different social media platform. That's also in korean. So i translated the immature. But you can see hong talking about the secret project that he's involved in with tesla. Apparently there was supposed to be an announcement scheduled for the twelfth of august and that he's finding out via twitter that it's delayed till the nineteenth referencing eons tweet where he announced the date for at

Dr Dennis Sang Tusla Dr Hung Dr Hong Tesla Ucla Palo Alto Hong Aung San California DON Jeff Twitter
Auto Makers Warn Chip Shortage Will Continue to Affect Production

Clark Howard Show

00:33 sec | 1 year ago

Auto Makers Warn Chip Shortage Will Continue to Affect Production

"The automakers are suffering from severe computer chip shortage. Even chips is cheap. Is like fifty cents or not available right now but a lot of them are used in cars. Lot of automakers are building cars minus final assembly. That involves these chips and parking them in big parking lots that they're renting or building so until the chip shortage eases. We're gonna have this severe shortage of rental cars in the united

United
BMW Reaps $5.7 Billion in Profit, Warns of Semiconductor Shortages

BBC World Service

01:08 min | 1 year ago

BMW Reaps $5.7 Billion in Profit, Warns of Semiconductor Shortages

"Lots of car companies publishing their financial numbers this week. BMWs results are out. So Andrew, have they done? Well in April, May June last year, they lost money and April May June this year, they turned that loss of €212 million into a profit of nearly €5 billion. That's better than expected. And the company is also raising its outlook is saying that he thinks that the best of the rest of the year will probably be better. And then they previously thought, although they say there's a lot of volatility around, Uh and that's caused by things like prices of raw materials. They're going up an awful lot. At the moment. There's shortages is The as the the pandemic of draws to a close. Hopefully, there's a lot of people chasing not many materials, especially to fork and silicon chips, computer chips that are used increasingly in cars. It's probably worth watching companies like BMW, the premium end the You know the famous expensive brands. Because they've been very good at using things like computer chips to make expensive cars, so their profit margins are probably better than some of the the mass carmakers that

Andrew BMW
If You Like Teslas and Tech, VW Offers the ID.4 Pro

Drive Chicago

01:57 min | 1 year ago

If You Like Teslas and Tech, VW Offers the ID.4 Pro

"Drive the I D for what did you think? You know? So I took it for a ride at the auto show, And I've driven a bunch of electric vehicles now, and I was really impressed with how comprehensive the I d four was in the way that it just is a regular car. You can get in and drive some of the electric vehicles. You get in and you're kind of like, Wait. What do I do? How do I do it? How do I make it Go? Is a man Is it off? What's going on? This one? Really, really simple. Just like your regular car. You get in, You push a button. You put it in drive and you go and even things like the infotainment system, which is very simple, very familiar with what you'd get in a conventional vehicle and from a driving standpoint, dynamically It feels a lot like the peak one in the way it drives. I mean, it's just it goes where you point it. It stops. Uh it rides pretty comfortably, but still with a little bit of euro flavor, So it doesn't kind of you know, Uh, hell over and turns like you might think a you know a crossover might In comparison. You know, the Maki was there as well. And so the when you get in the monkey, and I know, Jim, you've driven that to your kind of assaulted with, like I'm an electric vehicle. Look at all these gadgets. Look at all this stuff set the drive mode, you know, And no doubt the Maki is a lot more fun to drive. I will give it that. But I was just pleasantly surprised with how easy the I d four was to just Get in and go. I will say Mark came into the office after driving it and was very excitable about it. And he was telling everywhere Get out there and drive the I d four. It rise like every other car out there. It's really cool and Mark is not easily excitable. So let's just make note of that right now. Yeah, our guest. Mark Gillies from Volkswagen indicated that this idea for is probably going to be a good seller for Volkswagen. Alright,

Maki JIM Mark Mark Gillies Volkswagen
Elon Musk Compensation and Other Hidden Details From Tesla's 10-Q Filing

Tesla Daily: Tesla News & Analysis

01:57 min | 1 year ago

Elon Musk Compensation and Other Hidden Details From Tesla's 10-Q Filing

"Everybody ravn our here and today. We're gonna be talking about some details from tests ten q quarterly filing with the sec. Obviously we've talked about earnings. We've talked about the earnings. Call the ten q filing always tends to have a little bit more information. There's always some hidden details in there. So i do want to spend a little bit of time going through some of those topics that i find interesting One of those being the ceo performance award That you can see up here so before we even get into that just a heads up. I am actually traveling today. This is recorded in advance. And i'll be traveling. Tomorrow's also thursday and friday We'll do this today. And then friday. We're going to have the long overdue part two of the james down interview And then we'll get back to any news on monday so if there is any news. That's happening right now. a promise to cover that back As soon as i get back On monday so that being said let's dive into some of the details here. This is the just overview of the co performance plan. This is nothing new people. Probably seen this already on anything to do with the ten q here Budget as a quick refresher. How elon musk's compensation plan works is that there are these twelve tranches that get vested as different milestones are achieved their split into two sections both marquette milestones and then operational milestones. So on the top half year we've got the market cap milestones. You can see that those peak at about six hundred and fifty billion dollars are exactly six fifty. So i think all those have been achieved. Essentially tesla's knocked that out. What they're still working on these operational milestones. So you can see that there are sixteen of them down here half of them being revenue half of them being ebitda. So if we flip over here. I'm gonna i pull up the key. One ten q so tesla's quarterly first-quarter filing and just show how those operational milestones were coming along at that point. I you can see tesla had fully achieved One two three four five six of these and marked another two of them as being probab- probable For full recognition. Eli needs to get twelve out of the sixteen here.

SEC Elon Musk Tesla James ELI
Jim Cramer &  Rob Maurer Discuss Tesla's Q2 Earnings Results

Tesla Daily: Tesla News & Analysis

01:55 min | 1 year ago

Jim Cramer & Rob Maurer Discuss Tesla's Q2 Earnings Results

"Famer here for special issue. The street live and talking all things. Tesla we've got tested daily host and tesla investor. Rodney our rob butcher skit. Right to it The earnings completely. Well it just say they obliterated yes the but the same time i have to ask you elect guy. Did on squawk on the street is somehow the magic lost. Because this wasn't good quarter. I mean i've got the same question for you jim. I'm sitting here. And i'm seeing the stock down to three tenths of a percents and i'm wondering the same thing. Tesla beat revenue by four percent. They beat earnings by more than fifty percents and the stock is down. So you know. I'm a little bit surprised honestly. Because i think tesla did crush it. Maybe some of the comments on the earnings call weren't what investors were looking for but Yeah i'm definitely super happy with the results personally. I think that when i saw the numbers they were terrific on the call I described the the com school as pedestrian knitting described manufacturing processes and he described guide the same thing that ford gm say which is supply chain issues semiconductor problems. Is it possible when he says that synagogue shortages this quite serious that it's actually maybe for the first time i'm hearing under promise. So maybe overdeliver if he gets those semiconductors i definitely think that's part of it. I also think you just want people to appreciate the challenges that the industry and tesla's dealing with right now And in light of those challenges just setting the results against those they're even more impressive I think probably to some extent. That's what he wants trying to get across. Obviously he you know doesn't necessarily word it in those terms He's not really about the short-term stock price but I think that's what he's getting at is just how difficult things have been and yet. How successful tesla's ben In that sort of backdrop

Tesla Rob Butcher Famer Rodney JIM GM Ford
Reaction to Tesla's Q2 Earnings Report & Earnings Call

Tesla Daily: Tesla News & Analysis

02:09 min | 1 year ago

Reaction to Tesla's Q2 Earnings Report & Earnings Call

"We're here we just got tesla's cute cute. Twenty-one earnings report and shareholder letter and wow the results are phenomenal. I'm extremely impressed with what has been able to accomplish in the second quarter. Uh going to quickly go through. The financial results will look at a couple of takeaways from the shareholder letter as well and then we are going to segue into the earnings call. Afterwards of there'll be a different link for that down in the show notes but we'll get this out before then so right off the bat. Let's just look at some of the numbers here. Shift over to excel and we can see how tesla's actual compared to the analyst consensus as well as the numbers that was forecasting so deliveries. No surprise there came in right as we expected them to as they usually do automotive sales. tesla significant beat here versus what i was expecting in versus what analysts were expecting a three percent above my levels two percent above the analysts consensus that was driven by Better actual average selling prices because as you can see here regulatory credits which we talked about. In the preview i've consistently been forecasting those two high this time forecast them to her forecast tula previously. This time forecast them. too high. as at five hundred million deaths reported three hundred fifty four million meaning non automotive sales excluding regulatory credits was way way higher than what i had expected meaning average selling prices. Were much better than what. I had predicted Same thing here. With energy tussle beating my expectations by twenty six percent. Animals consensus by thirty nine percents Driven by just greater They say greater recognition of mega pack sales as quarter. Scroll down here. We can see that. A tesla over about one point three gigawatt hours of energy storage. A second highest ever. I and significantly up quarter over quarter about three times. What tesla did in key one. I'm quite a bit higher than my expectation as well as analyst consensus so that drove a beat on the energy line and then the service and other line that also came in ahead of analysts expectations. About right where i was. Forecasting it at So tesla delivering a pretty big beat about a four percent beat on the top line number there with about twelve billion dollars in revenue up ninety eight percent year over year

Tesla
General Motors Issues Second Chevrolet Bolt EV Recall After Battery Fire

WSJ Tech News Briefing

00:39 sec | 1 year ago

General Motors Issues Second Chevrolet Bolt EV Recall After Battery Fire

"General motors has issued a second recall for its all electric chevy bolt because of potential battery defect that can cause fires. Gm said investigation found manufacturing defects in a certain battery cell could cause the lithium ion batteries to ignite the car maker issued the initial recall last november owners of the two thousand seventeen through twenty nine nineteen model year bolts to install a software update to monitor the condition of the batteries but it has learned at least one car with the update experienced a battery fire. The gm recall underscores. The technical challenges car companies are facing as they raced to develop more plug in

GM