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What Else Can Tesla Vertically Integrate? - YouTube
Channel: Tesla Economist
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welcome to the tesla economist please
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hit the thumbs up and remember to
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we often talk about how impressive
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tesla's vertical integration is and the
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advantages these offer not just the fact
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that tessa are able to reduce costs as
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there's fewer other companies involved
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taking a cut from each and every process
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but also the fact that the car is
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designed with a holistic approach
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extending back to first principles
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design and engineering as a result this
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allows tesla to go above and beyond and
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end up creating unique functionalities
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such as the octa valve which not only
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cuts down on costs due to it being built
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in-house but also ends up reducing
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actual parts that are necessary to
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achieve the same objective
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every part of the car is talking to each
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other there is no compartmentalization
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everything is being designed to work in
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unison rather than ordering parts from
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third-party suppliers and just trying to
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make them all work together a lot of
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tesla's parts are simply designed to
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work with other tesla parts as most
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efficient as possible of course this
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will only continue to improve and such
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improvements are encouraged at tesla
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compared to the legacy autos as i like
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to point out tesla make 27 production
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changes a week per model whereas legacy
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autos make about three a year i don't
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think that is nearly discussed enough
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and it's one of the reasons why tesla is
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getting so much further ahead in
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manufacturing than every other auto
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company and that is another reason why
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tesla's vertical integration is just
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simply that amazing not only our tests
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are saving money on the parts but they
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work more efficient and some are
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designed to do more jobs than one for
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example we see the new structural
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battery packs again removing more
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unnecessary parts and of course designed
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to connect to the front and rear die
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cast pieces and as we love to say the
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best part is no part the best process is
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no process so tesla's vertical
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integration at additional efficiencies
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cuts costs and weight and that is
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generally what people think of when we
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mention vertical integration we think of
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the manufacturing process but tests are
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not that small-minded they're looking at
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an even bigger picture tesla's vehicle's
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side of the business don't view
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themselves as a company that makes and
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sells vehicles that's actually not their
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industry tesla looks at it as an
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industry that transports people or
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possibly things from a to b that is the
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business the entire service of
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transportation first principles thinking
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what is a vehicle a mode of transport
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that takes you places so tesla therefore
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want to control the whole experience of
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taking people or things from one place
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to another i say control but i mean
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improve the experience and with vertical
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integration we also hit economies of
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scale still in this day and age we do
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not have teleportation therefore we
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still resort to a vehicle to transport
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us tessa's business model therefore
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revolves around all associated elements
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and costs of traveling in a vehicle
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we've already covered the cost of the
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manufacturing and how tesla are using
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vertical integration to create great
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efficiencies and reduce costs and
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eventually they will start with the raw
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materials from the ground to the
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finished product as close as possible
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but what else well a tesla doesn't
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require any gasoline they run on
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electricity and a lot of people are
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using tesla solar and battery to power
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their cars again tesla products tesla is
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creating the energy to power your
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vehicle with the aid of the sun this is
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another element of vertical integration
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okay sure not every tesla owner has a
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solar and power wall but that will
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obviously become more popular and it's
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not mandatory to run your tester with
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solar tests we're just offering all
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these extra services and products
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associated with getting yourself from
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one place to another tesla do of course
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offer a full charging network too for
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when or if you're not able to charge
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from the convenience of your home or
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place of work this would not only be
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like if ford owned their own gas
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stations but if ford owned an oil
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company too that supplied the gas to the
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gas station
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oh and if ford also earned the oil mines
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that supplied the oil company i don't
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believe even henry ford's vision went as
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far as owning the oil mines although i
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believe ford did have some of their own
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gas stations henry ford was also a
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massive visionary when it came to
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vertical integration
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and as you probably anticipated what i'm
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going to say next tesla insurance right
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another cost of transportation of course
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tesla don't make cars they make
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computers on wheels these computers
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collect an unfathomable amount of data
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they can also tell whenever any tester
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involved in an accident okay so they
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have a collection of cars that have been
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involved in collisions and likely able
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to determine whether the driver was at
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fault therefore this collection becomes
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drivers that have created a collision
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they can see if your driving habits
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resemble any of these and as a result
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tesla can offer reduced premiums for
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safer drivers and control more of the
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driving experience tesla insurance is
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simply more vertical integration now
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this is really a subject in its own but
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what other major and i do mean major
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cost or element is there to driving
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something huge that no other auto
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manufacturer could ever comprehend the
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roads tesla can even control the roads
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well perhaps not tessa itself but elon
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musk that's right the boring company in
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fact i hope tessa do end up buying
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boring as i truly believe that company
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could be as big as tesla it is highly
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underrated and it doesn't seem to be
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moving as fast as i would have hoped but
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hopefully they will be able to make
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these tunnels at the targeted speed
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they're aiming for but these tunnels are
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actually going to be designed around
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tesla fsd too i mean even today if we
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had invented fsd before roads we could
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have designed roads around fsd and it
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would have been a lot easier than what
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is required today but roads were
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invented first however boring tunnels
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will come post fsd i think the main
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advantage being that teslas will be able
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to drive at a much faster rate than on a
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typical road and of course a negligible
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chance of any accidents anyway like i
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said tesla and elon are vertically
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integrating every level of
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transportation what else have they done
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well fsd that is a further vertical
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integration what has that provided a
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chauffeur that's right the actual driver
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as well tester controls that element too
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this is actually the largest cost saving
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there is from any single thing that
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tesla offers removing a driver or adding
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the value of a chauffeur
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in fact better than a chauffeur as you
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have the car to yourself of course
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accompanied with all associated in-car
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entertainment now that entertainment
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system will have an app store too which
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will be owned and controlled by tesla
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one more level of vertical integration
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again along with tesla's navigation
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tests we're thinking of everything every
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step every dollar that is spent on
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transportation tests that want to own
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and control it all and then there are
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other parts of the cost of owning a
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vehicle the actual payment or financing
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yes finance is a very profitable
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industry in fact the finance industry
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accounts for 30 to 40 of global profits
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if you can believe that but if tesla
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controlled the financing more they could
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make it easier for customers to purchase
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a tesla which in turn would open up the
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market further i will explain this in
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another video from there what else is
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left aside from owning all the apps in
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the app store which i don't think would
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be smart we want youtube netflix and
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spotify the other only major part i can
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think of as the tires could tesla start
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making their own tires could test the
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revolutionized tires and literally
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reinvent the wheel imagine if we no
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longer had to replace tires anymore
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tyres on a tesla aren't the cheapest the
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wheels are big and they use low profile
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tyres tesla could possibly reduce costs
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there further again i mean sure tess can
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come up with other services to offer
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software too like they recently
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introduced a sentry mode live view
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feature for ten dollars a month but this
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is just adding more features and
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services rather than removing the cost
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of previous i suppose tesla could buy
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each and own the company that makes some
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of the machines that comprise of the
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machine that makes the machine tessa is
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pretty much a monopsony for idris
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gigapresses anyway although we are
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starting to hear some of the legacy
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autos interested in giga presses too
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herbert d saying he wants to make the
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vehicle from one single cast well i
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think volkswagen should learn to walk
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before they run first perhaps single
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piece casts are not volkswagen's biggest
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issue right now and of course eventually
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tesla's robots could replace a lot of
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the employees robots that tesla also
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make themselves i mean really there's
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never been anything in the world close
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to what this company can accomplish
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anyway off the top of my head i think
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that might be as far as tessa's level of
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vertical integration goes but usually
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there is something that some of you can
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think of that i missed so let me know
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what other levels of vertical
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integration tester could take aside from
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general manufacturing thanks for
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listening please hit thumbs up and
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subscribe you can follow me on twitter
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and talk to me on patreon
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