Comments by "Maxwell Benz" (@Tential1) on "Wendover Productions" channel.

Hopefully, this helps people understand the valuable role banks play. Banks "create" wealth as long as the loans are good. If they are bad, it destroys wealth just as fast.
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You say that, as we set another sales record, the north American profit record, etc. Lol.... Yes, you're right, the designs are old... Yet..... We still keep selling em.... Just like how people cry about expensive hermes /Louis Vuitton. Just because you don't want it, doesn't mean someone else doesn't want it. You like refreshed designs? I like money. If we actually have issues, then I care. But if it's just the dumb headlines you normies read because opening a companies financials is too hard? Then I don't care. 50% yoy EPS growth.... That's what matters. When Ford and GM have 0% revenue growth regularly, I don't care what they do. I don't make money with zero growth. Tesla makes money. So I want the vehicles? No. Do I care? No. I care about money. And Tesla delivers more money every year. This year, we'll do 20B +, more than any auto company in the world.. Already did 14B. Dude. Stop reading headlines. The financials are what matters. Tesla wins on financials.
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You literally can't build here... California over regulated. They passed so many laws to protect people, now, you can't build any remotely affordable home. And even if you do, California, can mid way, stop your project, and demand you set aside, or set aside MORE units at low income rates, further driving up the rates for other units to compensate. California makes it impossible to plan to build anything here. They will jump you with additional regulation and fines just because. And that's what keeps other property values high. No additional units can come on the market.
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No, it's only a news story if it happens to Tesla.... When my Mercedes had idiotic problems, it was never national headlines. But Tesla.... They change a price, national headline. Your local dealer gives you a different price every day? Normal...
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Before, it was Tesla is going to go bankrupt. Then, it was Tesla isn't profitable. Now it's, the completion is coming, and Elon musk is controversial... Tesla meanwhile has zero debt, 14B in profits competing against companies with 50-100B in debt. Lol... This was the most biased video possible. Tesla is the highest profit margin, highest operating profit margin, highest profit per vehicle, and top 3 profit per employee. But no.... Still not enough. Even though Tesla made 14B in profit vs GM and Ford 12B and 2b LOSS, no.... It's comical.... Elon musk is so controversial, people won't admit Tesla makes more money than GM and Ford.... Now the issue is Elon musk doesn't make enough cars and "doesn't have a 70%+ market share". Ya... Tesla was expected to hold the total marketshare of the industry? Why? Even if the product was bmw/Mercedes polished, they wouldn't ever have held that marketshare... It's a stupid expectation.
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15:27 the rarity of the events you talk about that insurance companies cover and the rarity of mass shootings is vastly different... The insurance industry does NOT cover events this rare and when they do, it's with abusive contracts where they don't lose no matter what. I've seen the returns during crisis where these ultra rare contracts should pay out, and you BARELY lose money. They are literally some of the best investments I've seen. Comparing insurance industry covering large scale robbery which happens regularly with mass shootings is disingenuous. If you want to see just how bad phds are at predicting rare events, look at long term capital management. When it comes to RARE events, it's hard to just slap a model on it and think you'll get it right... People are bad at measuring tail risk events and its also very easy to make an error measuring them because even a small error still leads to a wide miss.
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Was it worth giving up all of their guns to do something that was already going to happen? I can't in good faith say that banning guns is the right way. We could ban "unsafe" cars. We could ban alcohol. I used to think banning guns was the way, but the more I look at it, I doubt banning guns would fix the school shooting problem. It would just change the method. These things are so rare and unhinged in methodology that it's a clear cry for help and it's not gonna stop. For overall gun violence it's already declining, except in the US, which it recently started increasing which again, I don't think I can blame guns for such weird stats. I don't own guns I don't vote right, but I'm wary of taking peoples rights away without being 100% correct in my reasoning lest the same happen back to me. Golden rule after all... I also fear the externalities of losing gun culture, as America leads in warfare, and while some may hate that, a country's military might is important, and I'm not really ever interested in being in a Ukraine like situation, because someone thought my country is weak.... I hate our military spend, I think we are getting scammed by 20%+ easily, but I'm not willing to straight up lose military supremacy...
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@rhyswilliams4893 14B in profits.... Highest profit margin in the industry. Highest operating profit. So... Clearly, you don't pay attention to things shareholders do. Don't pretend you read financials. You obviously don't. Autoline daily literally summarized this for you lazy people. It's obvious, you care more about hype than financials. I only care about the financials. ~50% yoy revenue, net income, cf growth.... Yes please..... Nvidia traded for over 80+x earnings. No one says anything. It's obvious you guys have zero idea what's going in markets if you consider Tesla, 50% EPS growth, to be overpriced, then amd, Nvidia, etc, all should be talked about first, before Tesla.... But no... You don't, because you don't know anything other than what msm puts in headlines.
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Well Adam, you touched on a key point, the bank only creates wealth if the money is loaned for successful ventures. If the irrigation system was a complete failure, and she couldn't pay back anything, you've now destroyed wealth. Banks play a critical role in ensuring the business venture is good, otherwise, you destroy Everyone's wealth quickly. This is why recessions and business failures can be catastrophic. Too many failures, and it's not just those businesses, it's the whole system.
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How Tesla squandered a lead by becoming the 6th most profitable auto company in the world, most profitable in America, and highest profit margin in the world. Highest profit per vehicle in the world.... Most valuable auto company. Lead squandered. The idiocy of people around Tesla is mind boggling... It's like basic financials are hard for you. No auto company makes money selling evs yet.... Tesla does.... Yet when Tesla didn't make money, company was in trouble. Ford loses money on every ev sold, project to lose more money, and they're your comparison point. You can't make this up..... You just can't.
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@nickbruck1017 your judging based on a video that didn't talk financials. Go to autoline network daily and see their report of the auto industry, based on profits... The thing that actually matters. Then, you see why we are all very very happy shareholders. 14B in profit is nice. Nicer than GM and Ford. So telling us to unionize when we make more money than unionized Ford and GM... Lol... You're so bad at business go away. Tesla makes more profit per employee than both companies. I'm not interested in unions.
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Or, maybe, you don't actually understand conservatives.... Which, I didn't either, when I lived in my liberal bubble.
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This is why I realized I need to go to more expensive events. Box office seats are expensive, one client deal can pay for 5 seasons of tickets.
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Definitely one of the best videos at breaking down something very very complex. I tried to explain this to my brother once, and it's very hard.
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It's just late... Like everything he does. It's coming.... If you're smart, you'd ignore everything he says... Steve Jobs lied all the time too.... Lol... Just, none of you follow business enough to realize, what he does isn't that abnormal. It's just the media only gives you so much info. Just read the financials. You're not allowed to lie there. You can't lie to investors. Since you people are too lazy to read financials, you deserve to be lied to. Cyber truck is a year away still, but it's clearly shown in financials.... Yes smart to lie. By doing so he gets an insane amount of coverage and Lowers his advertising expense. That advertising expense alone is about 40% of the reason Tesla makes more money than GM and Ford.
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@hightechjoe1 it's highly amusing and proves, this whole green thing environmentalists push was always virtue signaling. So, rather than "save the planet", they're worried about a person having different opinions than them. They said how important it was to go green, and then, Tesla and Elon expose it's actually not an emergency. The climate emergency can now wait, because Elon has "bad opinions". Lol.
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@Iceman-kr6df profits speak for itself. 10k per car. Profit margin is 15%. Operating profit, 17%. #1 in the world for autos, excluding small players like ferrari. 14B in profit. The most in America. Lol... Keep worrying about bs. We see the goal line moved for Tesla every time. This year, the company will top 20B in profits... And we still will have trolls crying. Lol. I care about the money, and Tesla delivered. I bought in at a 20B market cap, the company now makes 14B a year.... 500B+ market cap. We make money..... That's what matters.
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They turned around and beat Tesla? Lol, you're misled by a very biased video. Ford just released it's financials of it's ev division. Lost 2B, projected to lose way more(it's own projections) and not be profitable til 2026. GM in similar situation. Tesla made 14B last year. GM 12, Ford -2. Tesla is already selling 30% more cars than last year for this quarter, so that 14B profit lead is only going to extend. You're hearing people make hit pieces in Elon musk because of his opinions. If you can ignore that somehow and only look at cold hard financials... Tesla is far ahead. Autoline network did a summary video today on this. Tesla had highest profit and operating margins. The company is idiotically efficient at generating money. Yes, Tesla has an old design, makes insane promises it doesn't keep. Etc. Whatever. The sell 30%+ more cars each year and make insane profit margins doing so. That's what matters. Also, Ford and GM have both also missed TONS of deadlines... They never get press coverage.... Lol. Mary Bara said GM didn't power price vehicles when Tesla did price cuts. Data showed GM lowered their vehicle prices the most. You just don't follow this lol. Ford and GM are terribly run companies, with profit margins normally around 5-6%. Only raised up now due to pandemic car pricing, although still not Tesla 15%. You can come pretend Ford and GM are doing well. Go buy their stocks then. I'm sure it will work well for you.
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The beginning of the video... Almost like it's state sponsored TV....
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Juxtapose this with the energy crisis in Europe. Rofl.
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17:50 the other evs are here... In low numbers... Keep worrying about Tesla profitability.... 10k in profit per car, industry leading... We are fine.... Because we run companies based on math. Not our feelings. Elon musk pisses off a different group, who become deranged. This time, it's liberals. Now, liberals pretend Tesla isn't the most profitable auto company in the world. When Tesla does 20B in profits this year, there will be a new cope. Doesn't matter what hurdles Tesla beats. The doubters won't let it go.
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Kind of wild how it's assumed all "liberals" are on board with everything the lgbtq lobby wants. You can tell where people live by their opinions on this. I notice, the coastal people have strong as f opinions on this, where as, left leaning people not in a liberal echo chamber may never have realized this was so big a thing.
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It's not uncommon. Parking was a "perk" at my old job. But was actually really amazing. Having a downtown parking spot was sick as f. A ski town seems weird, you have the space, but downtown jobs it's more normal.
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@arevolvingdoor3836 ya... That kind of stuff makes me mad. Just pure price gouging. "I have a lot you have to park at to work here.... Enjoy the fee." yes, during the normal school session it makes sense... Summer? Come the f on....
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 @graham1034 lol..... If paid 200-250 a month for parking... Lol... Not me....
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Warren buffet owns a railroad... A big one. So making blanket statements about deferring investment because you heard a talking head say it on TV....
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14:30 you make this claim without citing any data. 😂. Name a railroad hit with a massive deferred maintenance bill. I'll wait. Some things you say are fact, others are someone else's talking points....
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Yup. Good thing failure to deliver a truck doesn't mean Tesla isn't insanely profitable. It means they made stupid public statements.... Boo hoo. People like you can gloat about that. I'll gloat about the 14B in profits, eclipsing Ford and GM. So ya... Make fun of old designs and broken promises. That's nothing on profits. I can name tons of companies who did similar. Intel refreshed the same CPU architecture for 8 years and was late on every single release for example. You know about Tesla because the media talks about it. They don't talk about every single company doing the same thing (to less of a degree.). They don't mention Tesla profits either. Because they don't want to look stupid. Tesla wins when we talk financials... The thing I care about as a shareholder. I'm very happy Ford refreshes your designs for you and has "better quality". I hope the 2 billion dollar loss is worth it..... I'll take 14B in profits. Every year we hear about Tesla's tired designs. And every year, we set new sales records...... Lol.....
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How many vehicles has rivian made? Why aren't you knocking rivian for not living up to their delivery estimates? Missing time lines. Adjusting prices. All things Tesla did.... Oh ya... Because only Tesla gets public scrutiny. No one even notices when the same things happen at other companies. Intel misses a deadline? No headlines. Steve Jobs is a complete dick? Barely mentioned until he dies. Just hilarious how narrative drives things. When you have perspective and know what everyone else in the business community is doing, you're more sane.
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Just a few years ago, the left was extremely pro policing borders... Wild how we now pretend it wasn't this way, and this shift is an opportunistic and has no real care for people.
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Except, we are still losing money operating these businesses. Draft kings loses money. Most casinos barely turn profits. Investors don't win, players don't win. I can only assume organized crime grifts the money. I really wanted casinos and draft kings to be good investments. They were not. Your railroad video on the other hand... That's my ish. And Tesla... Mostly because you covered everything except what makes Tesla matter. Their insane profits. Lol. Tesla became so profitable so quick, no one realizes it yet.
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