Porsche stock collapses after numerous problems cause demand collapse

Рет қаралды 41,310

Күн бұрын

Porsche stock collapses after numerous problems cause demand collapse
👇👇 Buy something and support The Electric Viking Store 👇👇
shop.theelectricviking.com/
Size guide and other help for the store 👇
theelectricviking.com/the-ele...
🔔 Subscribe and hit the notification bell! ► / @electricviking
Join me on Patreon ► / theelectricviking
Join as a member in The Electric Viking KZfaq►
/ @electricviking
Members-only videos (see videos before anyone else)►
• Members-only videos
👇 Please donate here for Shanna (Viking's wife) if you can 👇
gofund.me/ef6650d7
See what happened to Shanna:
• Stage 4 can go to hell...
The Electric Viking on other platforms:
Rumble ► rumble.com/c/TheElectricViking
Facebook page ► / theelectricvikingfb
Facebook group ► / theevfbgroup
Twitter ► / theevking
Instagram ► / theelectricvking
Pinterest ► / theelectricviking
Telegram ► t.me/theelectricviking
TikTok ► / theelectricviking
👇 See more about me 👇
• You've been asking; he...
👇 My Bali trip 👇
• I went to Indonesia an...
👇 Video about My Skateboard 👇
• EASIEST & cheapest way...
👇 Subscribe to my kids channel 👇
tinyurl.com/subscribetojackan...
See more videos about Porsche:
Porsche dealers in China are freaking out after sales in China collapse
• Porsche dealers in Chi...
Zeekr 007 Performance beats Tesla Model S and Porsche around racetrack
• Zeekr 007 Performance ...
BYD & Mercedes reveal Denza Z9 GT to take on Porsche Taycan
• BYD & Mercedes reveal ...
Porsche electric car accused of setting fire to 3800 cars, sinking entire ship
• Porsche electric car a...
A Porsche dealership is selling a used Tesla Cybertruck for $289,999
• A Porsche dealership i...
Ford follows Porsche; buys a Tesla Cybertruck for $250,000, Elon responds
• Ford follows Porsche; ...
Why Porsche bought a second hand Tesla Cybertruck for $244,000
• Why Porsche bought a s...
Porsche, Bentley, Audi cars seized In US for parts made with Chinese forced labour
• Porsche, Bentley, Audi...
NEW electric Porsche is more powerful than any ICE Porsche ever
• NEW electric Porsche i...
Xiaomi's $42,000 SC-01 electric sports car weighs less than a Porsche 911
• Xiaomi's $42,000 SC-01...
NEW Electric Porsche Macan costs $19,000 More than the ICE version
• NEW Electric Porsche M...
Audi, Porsche, Scout & VW join Tesla’s North American Charging Standard
• Audi, Porsche, Scout &...
When a Tesla Model 3 beat the BMW M3, Audi R8 & Porsche GT3 RS
• When a Tesla Model 3 b...
Porsche Taycan electric cars recalled due to battery fire risk
• Porsche Taycan electri...
Tesla Model S Plaid gets shocking result VS Porsche Taycan in Moose Test
• Tesla Model S Plaid ge...
Porsche Taycan EV sales keep falling in the United States
• Porsche Taycan EV sale...
Porsche EVs coming with 800-mile range + 15-minute charge time
• Porsche EVs coming wit...
Porsche big price increases coming soon to Sustain High Profits
• Porsche big price incr...
Porsche claim One-Pedal Driving in EVs isn't efficient; 'twice the losses'
• Porsche claim One-Peda...
Porsche less focused on EV's; investing in synthetic fuel powered gas cars
• Porsche less focused o... +
Porsche begins producing synthetic gasoline it claims is carbon neutral
• Porsche begins produci...
Porsche's EV plans suddenly hit big problems after massive IPO
• Porsche's EV plans sud...
The Porsche Taycan battery scandal that has been kept hidden
• The Porsche Taycan bat...
Porsche invests millions to save the internal combustion engine
• Porsche invests millio...
#porsche #stockmarket #demand #evnews #porschetaycan
👇Reference to the news/charts & videos used in this video:
www.carscoops.com/2024/07/por... cnevpost.com/2024/07/05/porsc...
finance.yahoo.com/quote/PAH3.DE/
This channel may use some copyrighted materials without specific authorization of the owner; but content used here falls under the “Fair Use” Copyright Disclaimer under Section 107 of the Copyright Act 1976.
Allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Contact us for any copyright issues. If you want a credit of any footage we are using, please let us know.
Website: theelectricviking.com/contact/
Email: contact@theelectricviking.com

Пікірлер: 320

@IverKnackerov 11 күн бұрын

And a Taycan is a VW product shared with Audi … hardly a bespoke Porsche

@dangrass 11 күн бұрын

implying that Porsche is any better? Hmm...what about those Boxsters and Caymans that had oval cylinders, and a litany of other problems that made them just about worthless? The 911s with the IMS bearings that all fail. The list goes on an on. Porsche builds nice-driving cars, but they have had plenty of serious issues. By comparison, the Taycan is actually not that bad.

@ropi4524 11 күн бұрын

Same goes for Cayenne (Q7/Q8 and Touareg)😂

@reiniernn9071 9 күн бұрын

In no way true that it is shared with VW. May be only with the audi 800volts archtecture car....the only one with comparable battery. All other VW ,skoda and audi still have 400volts archtecture. Also Porsche is more than twice the price of a comparable hyundai or Kia. (including genesis)

@ropi4524 9 күн бұрын

@@reiniernn9071 Audi - that was what he wrote... Same (bullshit) platform like the Audi etron GT.

@JorgeASM 12 күн бұрын

All my friends that were driving premium legacy cars in China have moved to Chinese EVs, not because they are downsizing but because is a more compelling offering. One went from a Maserati to a Li and when he showed me the new car he was so exited shoeing me all the tech it comes with. I really think legacy already lost China

@pentoo988 11 күн бұрын

The Chinese Delete America (and all foreign companies) program has something to do with it. Even so I agree the trend for EV value to be as good as the premium ICE vehicles is undeniable both in and outside of China when comparing performance/luxury/tech features. I wish Chinese vehicles could be imported into the US with a reasonable import tax so our lazy legacy vendors would have to compete.

@markuc 11 күн бұрын

@@pentoo988no. That only exist in your head. Most affluent Chinese don't like the government, but they detest arrogant uncompetitive products even more.

@Lost_Johnny 10 күн бұрын

@@pentoo988 There is no "Chinese Delete America (and all foreign companies)" -- you are getting confused with the US trying to ban everything Chinese. There are US companies like Walmart, Starbucks, McDonalds, everywhere.

@Chainyanker007 9 күн бұрын

⁠@@pentoo988 - You say ‘lazy legacy vendors’, I think it’s more like incompetent legacy auto vendors, these yesteryear ‘Tesla Killers’ are getting killed by Tesla in the EV space and ICE is dying.

@christianolsen9781 7 күн бұрын

@@pentoo988they cannot compete - they would die without the taxes.

@noneofyourbusiness5433 11 күн бұрын

The only Porsche is a 911.........the rest are just VW / Audi mutants designed to keep the company from going bust.

@ingo_8628 12 күн бұрын

You are confused by the two Porschecompanys, this PAH3 is the familyholding, owning a 53.3 % stake in VW. The car builder is PAG911.

@IverKnackerov 12 күн бұрын

I have both … porsche petrol for the weekend and Tesla for the weekdays …. No plans to buy Porsche EV at any point

@fteoOpty64 11 күн бұрын

That is the best combo. On a weekday, you want to relax going to work and doing about things, so Tesla is perfect for it. Besides, it is cheap to run. However, during the weekend, you WANT to drive a car and a gas Porsche is the perfect machine. Just sitting in it with the engine on gives a different emotion and satisfaction. {Then the wife prefers the Tesla but the kids loved the Porsche...} And Oh, track days!. Forget EVs. you want to do 10 full hot laps at the edge.....yeah!.

@explor360 11 күн бұрын

Me too!

@macioluko9484 11 күн бұрын

It’s no longer enough to put some stitching on the headrest and call it a day… I just got back from a 460 mile road trip in my 2022 Tesla Model Y. Another flawless experience. Total charging cost: $35 CAD.

@erinator1703 2 күн бұрын

It’s no longer enough to just build a normal electric car. Tesla is plummeting in sales like no other. At least Porsche has something to offer. At the current used prices of a Porsche you gotta be an idiot to rather pick a Tesla. Except you want poor charging speed, a shitty suspension and overall shitty quality.

@jorgseifert4712 11 күн бұрын

The speed limit in China is 120 km/h. Why do they even buy Porsches?

@shafir2info 11 күн бұрын

"the absolute limit" is actually 140, over that a driver in a real problem. But more important there are plenty of tricky driving on the roads and also all the speed cameras are marked on the online map by the law etc. So driving like on autobahn is not an option, but aggressive driving on packed and/or mountain roads it is.

@FlipBoxStudio 11 күн бұрын

Most countries have speed limits. That doesn’t mean everyone follows them exactly every second they are driving. I’ve never heard of anyone from any country claim that everyone strictly follows the speed limits at all times. Plus the kind of people that can afford luxury performance cars can afford to pay off the law or bribe themselves out of legal infractions.

@larryc1616 7 күн бұрын

Why buy any car? 🙄

@tonywei423 5 күн бұрын

Australia is only 100km/h, so what.

@johnsmedley8843 11 күн бұрын

I test drove an MG4, designed in London, built in China, absolutely brilliant, placed an order

@205rider8 11 күн бұрын

You are a fool to buy a Chinese EV and provide all of your driving data to the Chinese. What a sucker you are.

@antonio325i 11 күн бұрын

Good luck when you are in a crash

@johnwilson5743 11 күн бұрын

Yes, this is a special strategy by Chinese Automakers to get into European/North American markets, via the "back door". Buying up "old" legacy Car Companies and initially continuing with ICE engines before moving directly to BEV's (Battery Electric) or sometimes their NEV (New Energy Vehicles) ie Hybrids. Those Chinese Companies now own (and have for between 10-15 years) Volvo, Polestar, (Owned by Geely), MG, (owned by SAIC) Lotus and others. They tend to retain the "old HQ's" in the Country of origin eg England, Sweden but often the cars are designed and built in China with enough local input to make it seem like England and Sweden etc. YEs, sometimes they also have to assemble the cars in the original Country. All this results in people thinking they are buying English or Sweden cars! However, what most people don't know, is that Chinese Car Companies and individual large Chinese investors, also now own 19% of Daimler (Mercedes). I'm both an EV Analysist and Fund Manager and we've been watching the Chinese NEV/BEV market for 20 years now. It's very, very, interesting. When the Chinese Government decided to heavily assist the NEV/BEV market, they took a long-term view. At its peak there were more than 400 NEV Car Companies. When the Chinese Government stopped their direct subsidy support at end of 2022, allowing market forces to do the survive or die dance, it was down to approx 91 Companies and further rationialisation will force it down to around 25-30. But all these are battle hardened Companies just frothing at the bit to get into markets outside China. They must do so, or die! So they will be VERY aggressive.

@GG-si7fw 11 күн бұрын

Great analysis. Thanks for the great explanation 👍

@pauld3327 11 күн бұрын

@@johnwilson5743Thank you for your input.

@hardi.howdy.983 12 күн бұрын

Porsche stock crashed 59%? How did you make that up? Year-to-date, it has fallen 8.5%, and in 5 years it fell 29% 🤔

@ingo_8628 12 күн бұрын

He is mixing up the 2 Porschestocks, look at minute 13.34 - PAH3.

@Supraboyes 11 күн бұрын

he's a tesla fan, loves spreading lies

@marcsimmonds5483 11 күн бұрын

@@Supraboyes so he got it wrong. Down 29% over the last five years is still terrible.

@KyleHubb 11 күн бұрын

@@marcsimmonds5483 Porsche just IPO'd last year.

@billnorblat4047 11 күн бұрын

Porsche just went public. The ticker is P911.

@ArchieJohnson5h 11 күн бұрын

The administration's incompetence and corruption are becoming increasingly absurd. I feel horrible for people with disabilities who aren't getting the support they require. Thank you Leah Foster Alderman. Imagine investing $1.5k and receiving $6.5k in four days.

@AdamWright8fool 11 күн бұрын

That woman completely transformed my life for the better. I've met many people, but none are as honest as Leah. I'm surprised you know her too.

@FreestyleJameZ 11 күн бұрын

I've seen several people talk about Leah Foster, she must be excellent for others to talk so positively about her.

@ArchieJohnson5h 11 күн бұрын

Leah Foster Alderman. If you search her up online, you'll definitely learn more.

@AdamWright8fool 11 күн бұрын

Exactly that's her name, look her up with the name above!

@guygordon2780 11 күн бұрын

Same problem with every legacy auto maker. They put off making EVs, thinking "we'll just start making them when the sales take off." "We known how to make cars. EVs are just more of the same." So they tried to skip the learning curve. All of these companies *could* have been making a few thousand EVs per year for the last decade, and *learning* how to make good EVs. But no. "We already know how to make cars. It's all about Brand Name and Advertising sizzle."

@oggyoggy1299 11 күн бұрын

If only you were there to manage these billion dollar companies.

@larryc1616 7 күн бұрын

They'll find out the hard way like all legacy industries and businesses 😂 Kodak!

@user-hq8lb1yv9k 6 күн бұрын

Exactly, what is so strange is, that this was clear shortly after Tesla presented the Model S, so over 12 years. I think the problem is aways the same with disruption and there also was a huge echo chamber of anti Tesla FUD which obfuscated the minds. I would not wonder if the anti FUD of these incumbent companies is a crucial part of the picture why they fail. China was much more intelligent they saw the potential and how exceptional Tesla and Elon Musk were and are.

@mrmawson2438 12 күн бұрын

German brand need to do what Jim Farley is going to try do Jim Farley's BRUTALLY Honest Interview About EVs And The State Of The Industry Dave Takes It On 9.28K

@Yippydog 11 күн бұрын

Yeah Jim gets it. Brutally honest about not only EVs, but the challenge that Ford is faced with, understands the volatility of that market, and has taken steps with what seems a rational plan to build competitive EVs that can make a profit. The current market in the US is regional and Jim understands this. It will shift gradually to a wider market there as people learn more about the benefits of EV. Wish other legacy auto makers would approach this problem with Jim’s honesty and humility.

@larryc1616 7 күн бұрын

Porsche =🫣

@philhealey4443 6 күн бұрын

@@YippydogThe new Fraud Crappie is not exactly Blue Oval's finest recent hour in satisfying automotive badge emotion. But perhaps this rebadged German machine addresses the need to rationalise the humiliating plethora of coolant hoses Sandy Monroe's Ford disection revealed a while back. Fords are surely vehicles you expect to be simple and easily repairable by blue collar guys and the thought of trying to run a ten year old Ford EV on a shoestring is scary, without even getting to the main battery. Hopefully Ford's 12V battery will be generic, compared to the apparently 3,000 quid Porsche 12 Volt replacement battery scam.

@micheldeen9479 11 күн бұрын

The ticker for Porsche that IPO’d last year is P911. Its down about 10% from IPO today

@davidbeppler3032 11 күн бұрын

He is a Viking, not a stock analyst. His points about Taycan not selling and having horrible resale value are true.

@micheldeen9479 11 күн бұрын

@@davidbeppler3032 I’m not disputing that. Only that he was wrong on the ticker symbol.

@connclissmann6514 11 күн бұрын

In any country with speed limits around 130km/h, will top end cars be defined by battery range, charging speed, comfort and software experience for the driver?

@mntbighker 12 күн бұрын

Taycan resale value is in the dumpster. They are forcing people to buy Taycans to qualify to buy premium models. They are sitting in inventory all over the place.

@davidbeppler3032 11 күн бұрын

Taycan is a great car when compared to a Ford Taurus. Just no so great when compared to any other $200k car.

@fadyNUFC 6 күн бұрын

I have a porsche cayeene v8 and i love it … problem is ev 😂

@johnmillar4503 11 күн бұрын

I'm all for EV's and hope my next car is one,but I also value the truth so can you tell me where these Porsche figures come from as when I checked their share price I could not see any sign of a collapse ,they are down 10% on year on year but that is not a collapse

@davidbrayshaw3529 11 күн бұрын

You don't come to this channel for "facts". It's here for entertainment purposes and to pump up the value of Tesla stock, only. Sam doesn't cross reference or fact check anything.

@larryc1616 7 күн бұрын

Down 29% in the last 5 years is terrible. Their downfall is accelerating fast!

@mikapeltokorpi7671 11 күн бұрын

I do not know what you have been taking but at least in the last 5 years Porche stock has not dropped 59%. The worst high to low is same as Tesla's, about 40%.

@nguyep4 11 күн бұрын

Porche stock is at its highest already or the ceiling. It doesn't have room to grow. If that basic you don't even know or acknowledge, then what you said is rubbish.

@rogerfroud300 11 күн бұрын

The stock price in October 2007 was £155.37, today it's £42.76. If you factor inflation into those figures, you can add another 20% to that drop in value. Look it up.

@_jasonj_ 5 күн бұрын

Let's increase prices at a rate of 10-20% per year and see what happens to demand.

@jimwoods9551 12 күн бұрын

A premium Porsche is not a vehicle purchase as much as it’s a statement that one can afford to pay over the odds. Perhaps wealthy Chinese now prefer value over vanity. This is cyclical, ostentatious spending comes back.

@Mobimanie 11 күн бұрын

Hey Sam, stop insulting your viewers. Not everyone with another opinion is an idiot or moron. Come on you are better than that!

@hardi.howdy.983 11 күн бұрын

When was he better? 🤔

@trythis2821 11 күн бұрын

You are listening to Australians this is our skill. Only outclassed by the Brits.

@badbeetle2942 11 күн бұрын

Loss More like 19% in a year

@ninjataisen2007 6 сағат бұрын

The taycan is such a beautiful car with impressive performance. I really want one but reliability is a must, I hope they can turn this around.

@D0d0Dada 7 күн бұрын

Well one thing you said isn't true. Tere are still subsidies for EVs in Germany. 1) no vehicle tax (few hundred bucks per year) 2) 0.25 % taxable benefit of list price for EVs instead of 1 % for ICEs (only relevant for company car drivers, but most new cars sold are such company cars)

@tonywei423 5 күн бұрын

The sale of Porsche dropped 33% this year in China.

@craigweems 10 күн бұрын

The mantra is ‘don’t confuse me with the facts, I’ve made my mind up’.

@BanazirOldbuck 10 күн бұрын

The more I learn about Vematum, the more I believe in its vision.

@BarnieFishpoole11 10 күн бұрын

If you're looking for a solid x100, Vematum should be on your radar.

@johndavid9418 10 күн бұрын

You'd think Porche could afford braided break hoses.

@MaryR.Jackson 10 күн бұрын

Vematum's low presale price is a steal. Time to load up!

@RagnarinVa 11 күн бұрын

Sales of vehicles of any class are going to ebb and flow - you will have increases and decreases period to period. Claiming a crash after a one period drop is not necessarily a trend. We could be entering a period where auto sales might be lower than last year. Sales can trend up next year. The key is if the central companies are profitable at whatever level.

@davidbrayshaw3529 11 күн бұрын

You don't understand this channel. If sales crash at Tesla over a quarter, it's not a trend. If they fall over two quarters, it's not a trend. If Toyota sells one less car today than they did yesterday, it's a trend and they're going out of business.

@RagnarinVa 11 күн бұрын

@@davidbrayshaw3529 - I get that - I think it depends on which market you are looking at. If Porsche sales fall in the EV market - that does not mean they are doing poorly in the ICE market. Same for all legacy OEM. To be brutally frank - the EV and ICE market is going to coexist. I have a Tesla but also have two other ICE cars. The Tesla is perfect for the use case of commuter, mid range travel and errand running car. It’s actually a great and well built car. But so is my wife’s Acura MDX and our Ford Explorer. The EV market metrics are important mostly for pure EV companies. To determine health of a company and the market you still have to evaluate them in isolation.

@davidbrayshaw3529 11 күн бұрын

@@RagnarinVa EV's and ICE vehicles will co-exist for the foreseeable future for many reasons. And I agree, you do have to look at EV specific manufacturers and Legacy manufacturers in isolation.

@GG-si7fw 11 күн бұрын

I had 2 Porsche's and sold both of them back in 2018 and it was a pain to sell them. People were lowballing and the dealerships trade in price was abysmal. I got a Subaru Crosstrek due to taking the financial hit on a Boxter S and a Cayenne S. I was optimistically hoping to buy the $35,000 Model 3 but that didn't materialize. Last month was the last for my PCA membership as I got tired of Porsche's emission scandal and handling of the Taycan's battery issue. I had great memories autocrossing both Porsche's but the people that bought them wanted the prestige of owning one.

@NatalieT.Andrews 10 күн бұрын

The security features of Vematum set it apart from others.

@dougsheldon5560 11 күн бұрын

For one thing, how much racing is done in China? Why buy a lot of performance for nothing?

@guygordon2780 11 күн бұрын

Status

@BarryObaminable 12 сағат бұрын

good thing they added a transmission to their EVs totally needed, right?

@3184Patrick 12 күн бұрын

i usually get excited when my cars have a recall cause i know im getting a free upgrade... not sure why the doom and gloom about recalls

@pentoo988 11 күн бұрын

1) sounds like you never were directly affected by a recall defect much less a life threatening issue 2) when companies want to deny there is a flaw and it rakes a year and more to get a fix and you have to pay out of pocket to fix it 3) it sucks to be without your vehicle while they fix it as many dealers no longer provide courtesy vehicles, plus what a hassle and waste of personal time 4) when multiple major recalls happen to the same vehicle your resale value will go down even after it is remedied, especially on high end cars

@3184Patrick 11 күн бұрын

@@pentoo988 1. i work in a fleet shop and we deal with thousands of recalls and i've had some personally as well 2. most recalls are booked and fixed at the dealer within weeks, never have i heard of anyone paying out of pocket 3. yes it can be a hassle. most offer courtesy valet service and if more than your daily work shift they will offer a vehicle for overnight if they need it longer. 4. never heard of recalls effecting resale. only time it effects resale is if you don't get the recals done. When i buy a car i ask the owner if they registered their car with the brand and had the recalls done... most don't. I tell them its free fixes why not register?

@ozozi49 10 сағат бұрын

Please explain...... I just looked at stock price and it dropped 2.79% in the past 6 months. 1.22 euros less

@Stan_144 12 күн бұрын

UChicago Prof. Shirley Meng’s Laboratory for Energy Storage and Conversion creates world’s first anode-free sodium solid-state battery - a breakthrough in inexpensive, clean, fast-charging batteries. LESC believes the research brings forward the reality of inexpensive, fast-charging, high-capacity batteries for electric vehicles and grid storage. To create a sodium battery with the energy density of a lithium battery, the team needed to invent a new sodium battery architecture. Anode-free batteries store ions on an electrochemical deposition of alkali metal directly on the current collector. This approach enables higher cell voltage, lower cell cost, and increased energy density, but comes with challenges.

@greggrant4614 12 күн бұрын

Good to hear! Has the laboratory produced a sample battery that can pass the nail-puncture test, not only when charged, but also discharged - at which point the active pure lithium or sodium metal would be deposited on the negative collector and therefore most vulnerable to a fire? A reference would be great!

@205rider8 11 күн бұрын

At least 10 years away from production. 😂

@AllDogsAreGoodDogs 11 күн бұрын

LMK when the "challenges" have been overcome.

@alexandermelbaus2351 11 күн бұрын

@@AllDogsAreGoodDogs "Challenges" means that everything else on the battery got worse; volume, charge/discharge speed, lifespan etc. Batteries are always going to have these challenges, the problem for a battery being implemented in a mobile environment, it needs everything overcome. They have completely screwed up the introduction of electric cars. Elon Musk maybe a complete idiot. Tesla has set the standard of charging batteries to refuel; Battery swapping takes the need for charge rate being factored into batteries, eliminates charge times and solves a great many problems not just in the car but also at the charging station which is never going to be able to do fast charging of 15 minutes on mass. You would have thought that he had atleast worked out with the rest of the industry to use only one plug, instead he built his own network just for Tesla to give him a competitive advantage. The entire automotive industry is built around the legacy car manufacturers, Tesla produces and ships the cars. How much support is there out there for your Tesla? I don't know. It is actually beneficial for Tesla for the other companies to be succeeding at electric. This can still be a flop or a successful nightmare. NEO went with the battery swapping, it's no big deal to add the plug. I think devising a good standard and system for battery swapping is going to be far better for EV's, especially their resale value.

@philhealey4443 6 күн бұрын

@@alexandermelbaus2351The battery cassette exchange system could be a robotic drive through experience taking 2 minutes and a buffer stock of batteries could allow smoothing of grid demands from off peak charging and allow automatic preparation for high demand holiday weekends. But it needs international cooperation on standardising the technology and it doesn't exactly sound cost effective. Even though battery swapping was apparently a feature in US EV taxi fleets in the early 1900s.

@maxflight777 12 күн бұрын

A friend at work has a Taycan … he’s swapping it for a Tesla. *Why?* He actually got stuck at a non-working third party charger the morning of Christmas day. The Tesla supercharger network is so much better !

@rogergeyer9851 11 күн бұрын

If that's the only reason, that seems rather extreme. And I'm a patient TSLA long starting in 2016. Yes, they're better, but Tesla chargers are getting more common, getting built for other car brands, and it's not like competing brands of chargers are doing nothing, so I think that lead will narrow meaningfully over time, re having a reasonable number of reliable chargers around to charge BEV's over time.

@Supraboyes 11 күн бұрын

@@rogergeyer9851 how much money you lost.

@davidbrayshaw3529 11 күн бұрын

Wish him luck selling or trading in the Taycan. Ouch.

@maxflight777 11 күн бұрын

@@rogergeyer9851 In Europe very few Tesla superchargers can be used by non-Tesla. In Portugal as an example not one Supercharger is open to non-Tesla ! Also non -Tesla (if they can use the supercharger) pay 30% more ! 😂

@maxflight777 11 күн бұрын

As some of you pointed out … yep, that perhaps was badly worded. It was the final straw, not the only reason ! He complained about (i) The car has to go back to the dealer for a software update , which takes 26 hours ! (ii) pitiful efficiency

@CurtisC.Clayton 10 күн бұрын

Vematum's recent update shows they're serious about success.

@GV-xx7vh 11 күн бұрын

You are absolutely spot on about people and their emotions, keep up the good work.

@keithrobert1413 11 күн бұрын

I liked your honesty on religion at the <a href="#" class="seekto" data-time="449">7:29</a> min mark

@memarkie-R2D2 11 күн бұрын

Exactly... the speed/acceleration people will get a Tesla or new china e.v. vehicle... it's a dead market.....

@rctezluh42069 12 күн бұрын

upvoted!

@andrewchen9221 11 күн бұрын

I sold my 2016 Cayenne diesel this year and replaced it with a BYD FangChengBao5…very happy.

@hardywoodaway9912 11 күн бұрын

Porsche Stock is rising 5% the last 5 days wtf you even talk about

@logividarsson9031 9 күн бұрын

Totally agree, you should go visit China if you can. Glad you had the chance, with everything going on, I was there back in the late 2010's, and watched in envy as silent electric buses zoomed by, absent were the heaps of smoke and pollution which accompanies the dirty Diesel buses of the Toronto transmit commission.

@andreass.3444 10 күн бұрын

In Germany, almost no car dealers accept a Taycan as trade-in and there were rumors that Porsche had to recycle 3'000 Taycans from leasing returns, because they couldn't be sold at a reasonable price. The market for luxury EV's is too small.

@jrgb9945 11 күн бұрын

Oh I don’t know-maybe it’s because a 911 Turbo S is 300k?😊

@KelseyRuno 10 күн бұрын

I see Vematum as a long-term hold. Great fundamentals!

@shepherdsknoll 11 күн бұрын

Loved Porsches in the 80’s -90’s, they were counter culture, now according to the 30 somethings, you would think they are the norm. The truth is , they are very expensive to operate and no longer that fast.

@davidrobert9555 12 күн бұрын

Porsche has 'overcapacity' problem in China

@Boatmoviemaker 11 күн бұрын

😂

@user-lx5uo5gp7s 9 күн бұрын

Porsche is still the best brand an the best cars. of course they are expensive. As a successful businessman or woman, you don't want a Chinese brand. that's for poor people. PORSCHE IS STILL A DREAM

@rogerfroud300 11 күн бұрын

The depreciation of the Taycan is astronomic compared to EVs, and Porsche owners are not used to accepting this sort of loss. Porsche and all other premium sports brands have a serious problem, because a large part of the appeal is performance, and you can get that much more cheaply and in a more practical package with something like the Tesla Plaid. Sure, there's the luxury element and brand perception, but that's relying on the ICE legacy which is coming to a close. If they're not careful, they're going to go the same way as companies that made Steam powered vehicles. Either they get it right and survive or they don't. It's a stark reality check for Porsche.

@RudigerCarvalho 10 күн бұрын

Been tracking Vematum's development. Impressed with the progress!

@doolittlegeorge 12 күн бұрын

Most important market for Porsche is *NOT* China don't be ridiculous

@hardi.howdy.983 11 күн бұрын

He knows little, but good at haughty claims 😁 Everyone knows it's North America.

@mddah01 11 күн бұрын

@@hardi.howdy.983 Porsche sold more vehicles in China than in the USA+Canada in Jan- March 2023 (21365 vs 19651). In Q1 2024 the sales are China 16340 vs 15087 USA+Canada.

@phphlash 11 күн бұрын

@@mddah01correct! When in doubt actually look at the numbers

@alexandermelbaus2351 11 күн бұрын

I think China is important for most car manufacturers; A population of about 1.5 billion it has been a significant share of sales for every company. It was probably where a lot of growth has occurred in the past couple of decades, until recently. The economic conditions across countries, the new EV tech, the amount of cars and cut throat competition worldwide are putting pressure on all companies. The affect is going to be a negative one. Because China has such a large market, they have become detrimental.

@neildolan7177 11 күн бұрын

Does the Porsche recall relate to manufacturing defects in the CATL battery pack?

@robnelsonbayvillage 11 күн бұрын

Every time my wife sees your face on my screen she laughs. She thinks your hair is crazy. I keep telling her when we're in Australia we are taking you and your family out for lunch! We visit my son in Melbs in December/January. He lives in Docklands. He has a second home in Rushworth. As a Porsche owner, I get a kick out of how you pronounce the name. Take care of yourself and your family.

@sharkflower123 11 күн бұрын

The Taycan feels old...like a slightly upgraded 2019 E-Golf without the comfort of one-pedal-driving and with ridiculous loud fake engine sounds not in sync with the speed...

@Hadleigh-Alday 10 күн бұрын

Vematum's technology is ahead of its time. This will be huge!

@RuohongZhao 3 күн бұрын

Porsche is doing $0 down 0%APR in China. Hope they could bring this promotion in US. I checked the price of Tacan, and I think even in American market, the $150K USD for Taycan 4S is way too much. Why just takes a Tesla.

@jgarbo3541 11 күн бұрын

Sam, relax about critics. Just show the numbers and ask for theirs...

@graemetunbridge1738 11 күн бұрын

Emotion rules - 'but I like my car'. That's how we got into this mess.

@petermarzziotti5261 11 күн бұрын

I like Sam. I think he’s brilliant and very interested in what he believes in. I too am all in on Tesla since 2016. 2020 Model S wFSD, solar and powerwalls. Way to go Sam

@alex.velasco 11 күн бұрын

Nostrodamus here. I foresee several factors that will hit internal-combustion engine (ICE) automobiles simultaneously, triggering a black swan event: Tightening of government restrictions on polluting ICEs in urban areas. Collapse of Hydrogen-powered vehicles humiliates the car companies and their champions, undermining their efforts to manage the transition. Electric vehicle (EV) cost-of-ownership continues downward, EV range up. EV charging subsidised by companies, etc.. becomes commonplace. Home solar panels charging EVs further reduce running costs. A lot of chatter about extraordinary low cost-of-ownership. Media highlights the measurable and notable reduction in noise and other pollution, and corresponding quality-of-life improvements as EVs propagate. Public enthusiasm for EVs that was rising, accelerates. More political talk about ending of petrol/gas ICEs as credibility of industry is close to zero. Bottom falls out of the new ICE market. New ICEs heavily discounted and sold at a loss. Bottom falls out of the secondhand market. Used ICEs changing hands for dozens of dollars. Petrol/gas stations going out of business. With the collapse of the ICE market, talk turns to: “How to reclaim and recycle all those obsolete ICEs?” and “What to do with all those old gas stations? … old oil tankers? … old refineries? etc…” Auto companies scrambling to retool for solely-EV production as demand rockets. Company executives change their tune about EVs, and beg for government handouts to manage the transition. Car industry shake-up with many failing to make the adjustment. Major oil/petroleum companies shake-up as demand plummets. Huge promotion and propaganda blitz to rescue the situation for ICEs fails spectacularly. Massive culture wars around EVs, especially in US. Lots of flag waving and posturing by paid-for politicians (think of the anti-Japan sentiment in the 80s). The public, unmoved, embrace EVs wholeheartedly. Politicians and industry team up to pick through the wreckage of their major flag-bearing industrial companies (GM, Ford, Fiat, Renault, Toyota, Honda etc.). Turmoil in Middle East and other oil producing regions (Russia, Nigeria, Venezuela, Angola, Canada etc.) as the cash dries up spectacularly and breaks their economies, uproots their oligarchies, and upends the rampant cronyism. Shock waves crash through a major global religion as central influence wanes. Residual demand for ICEs amongst a few hold-outs in the Middle East, Russia, Africa, and India, for example. Victorious Chinese EV manufacturers help accelerate the transition in developing economies. I foresee that these events will accelerate in the next two years and will take about five years to play out. (By now, you’ve realised that I’m no Notradamus - It’s true, anyone can read the writing on the wall.)

@totifernandez9532 8 күн бұрын

It is a mindset among ICE exotic car makers that their cars have to be special and expensive. The EVs are bursting that bubble. But Porsche still wants too much money from each car.

@michaelfung4629 11 күн бұрын

The “legacy” part is only valididated by car making countries who based their culture around them. The danger for Porsche is, there’s nothing special about them except a flat six engine. As an EV, it’s just a badge.

@Longtack55 8 күн бұрын

Porsche stock down 55% in three years.

@wonderplanet343 11 күн бұрын

Love the videos ❤ and comments good and bad ❤

@MaximGhost 11 күн бұрын

Sounds like the Porsche-Piëch family needs to hire back Herbert Diess and put him in charge of Porsche ... and then maybe give him his old job at VW too.

@Bolton19 11 күн бұрын

Taycan is a meme right now, something dealership skits use as a punchline when pushing a bad car onto unsuspecting buyers

@itshammertimeF1 10 күн бұрын

surprise, surprise, people don't want crappy looking cars with no range

@adleenfisher 11 күн бұрын

nice video 👍🏻📸

@electricviking 11 күн бұрын

Thank you 🙌

@wonderplanet343 11 күн бұрын

He’s right about people who don’t want facts regarding various beliefs in religions. It is dangerous, but regarding one’s fate after death, people like a dreamy view to keep upbeat as they can’t avoid it. ❤

@neildolan7177 11 күн бұрын

Porsche has never been worth the price. No different to BMW, Mercedes, Lexis, etc. Only people with low self-esteem will buy these brands.

@Henry_D 11 күн бұрын

Lmao, wrong Porsche stock. The one shown is a holding which among other stocks mainly holds stock of VW and Porsche (the car maker). But the performance of the holding has relatively little to do with the automakers stock.

@Henry_D 11 күн бұрын

And in the time since the car makers stock started trading on a stock exchange tesla has returned pretty much zero. Even looking at the lowest point the return would be about a double. Meaning the 400% growth cited can only be in comparison the Porsche holding which affected by many things outside the car makers performance.

@antonymcneillis 11 күн бұрын

I love Porsche but the Macan EV is just not quite right. There are too many small things which are wrong and Porsche cannot see it. So frustrating as no cars handles like a Porsche. They have the 2nd Gen Tycan finally right but still very expensive.

@neildolan7177 11 күн бұрын

There are a lot of Porsche EVs in Brisbane.

@wwbdwwbd 11 күн бұрын

Fiery Korean batteries strike again!

@autoselectricos-americalat9276 12 күн бұрын

Porsche does not have state of art software to compete with Tesla and the Chinese brands. They are going to face an uphill battle and most likely they will have to look for a third party like Huawei, Nvidia and other companies specializing in making autonomous software.

@Supraboyes 11 күн бұрын

whats state of the art about a tesla exactly

@autoselectricos-americalat9276 11 күн бұрын

@@Supraboyes It has a Dojo supercomputer to run software to process millions of transactions and videos required for autonomous driving

@G82Watts 10 күн бұрын

@@autoselectricos-americalat9276u realize bmw has autonomous driving. Along with many others. U act like tesla is the only one doing self driving.

@autoselectricos-americalat9276 10 күн бұрын

@@G82Watts Please read. Didn't I say Chinese brands also. Regarding software, German brands have better software than Japanese brands, but their software is still inferior to Chinese. That's why German brands are hiring Chinese AI companies to take care of their software.

@sarahkhan2310 11 күн бұрын

Most european expensive EVs will face their own demise with the rise of cheaper alternatives

@oldbasted 11 күн бұрын

Haha I’ve driven the lotus eletre aka zeeker. It’s ok it doesn’t excite. Porsche is steeped in solid quality cars. Sure they cut back production to meet demand that’s normal For Porsche. Porsche from 1970’s sell for same money as a new one now it’s impossible to imagine a Chinese ev ever doing that … they’re more like a shiny coffee cup .., disposable.

@horsebee1 11 күн бұрын

The irony is that history is repeating itself in that the legacy automakers are failing for the same reasons that the EV automakers failed in the 1920's. They have failed to understand the emerging technology and they dont have the funds available to invest fully in it while keeping their backbone ICE production profitable. Over the next 10 years we are going to see many of the legacy brands disappear, brands like GM, Nissan and Mitsubishi. Even Toyota will struggle thanks to their foray into hydrogen. It is the Betamax of the transport industry.

@davidbeppler3032 11 күн бұрын

The first 3 years Porsche quietly recalled half the Taycans they built to put new batteries in them when GM had all those Bolts catching fire. Porsche paid millions to stay out of the news.

@GG-si7fw 11 күн бұрын

I'm not sure that they swapped batteries. I thought they locked out the bad cells and gave the battery pack a new part number.

@dietmarwolf79 11 күн бұрын

My friend, pleeese call it PorschEEE. 😂😂

@Anodeon 11 күн бұрын

And while he's at it maybe he should pronounce BMW as Bee-em-vee and VW as Fow-vee because that is how the Germans pronounce them.

@neildolan7177 11 күн бұрын

Are the parts used on Porsche made in China by companies making parts for other auto makers?

@srqTactical 11 күн бұрын

Truth is Legacy auto is an exclusive club that is about to go bust.

@scottgardener 11 күн бұрын

Keeping my stock in TSLA and letting it ride...

@RWBHere 10 күн бұрын

Porsche is two syllables, Sam. (And they're ugly.) But you're right about their bad decisions.

@BACA01 11 күн бұрын

Time to buy Porsche

@ppeou5190 11 күн бұрын

I traded in my cayenne for a model s, not touching a porsche ever again. 4year warranty expired and car started breaking down. I should've listened to everyone that told me not to buy a german car.

@davidbrayshaw3529 11 күн бұрын

Buy a German car, just not one from this century. My last Mercedes, an '04 W203 was my last German car. Our family drove nothing but German cars until about 20 years ago.

@WillFastCar 11 күн бұрын

No fan of Porsche, but you've got your info wrong. A steady drop of 30% over 5 years, no collapse.

@RosemarieP.Carbajal 10 күн бұрын

Vematum is gaining traction among serious crypto investors.

@frankmoore159 11 күн бұрын

I was just going to ask you about the TayCan the internet says most reliable Mate

@bbalila 11 күн бұрын

Right now am in China and I have seen 2 Porch in a week

@p38cobra 11 күн бұрын

Good report Sam. Thanks

@user-hx5qv4kd6 11 күн бұрын

i would take a xoxami or zeeker 01, tacan boring af.

@tobyli52 11 күн бұрын

Porsche is likely to be bought by a Chinese company soon. The brand is still desirable. But their products are not good value

@mjcapinto 11 күн бұрын

Chinese will naturally buy China made cars because of price and lack of perceived brand value from legacy car makers (Porshe, Mercedes, Aston Martin, Bentley, etc). The real issue is when European and American customers no longer perceive value from their brands...