Tesla Cybetrtruck recap and how it relates to a tax on chicken

First of all I want to thank Tesla for the invite to the event. Initially it looked like I was not going to get an invite, but through the generosity of some friends, I received one. I’m thankful I did because the event reminded me of how great the Tesla community is. I got a chance to hang out with some many great friends. Now, a quick take on my initial impressions. I honestly thought when that truck came on stage it was a live Punk’d episode. At some point during the presentation Elon would stop and say “jk guys, here’s the real truck.” That never happened. So, we’re left with this odd, futuristic truck with out-of-this world performance specs - and it trumps any traditional internal combustion engine truck by wide margins. In this video I want to talk about the significants Tesla’s Cybertruck and how it relates to a tax on chicken - yes, chicken. Back in the 1960s German farmers were concerned that their local chicken industry was being eroded buy American chicken exporters who were importing their frozen chicken for less. The American chicken was significantly undercutting the local German chicken market so the industry asked the German government to fight back. So, the imposed a 50% tax on imported chicken. In retaliation, the US, under Lyndon B. Johnson as president imposed, among other items, a 25% tax on foreign light duty pickup trucks being imported to the US. The US had the VW bus in mind. This tariff was dubbed the chicken tax. This 1964 tax still ironically exist today, which is one reason why American trucks dominate the segment. 80% of the top 10 best selling trucks, according to JD Power, are American. It’s also helpful to mention trucks have some of the best profit margins for American car makers because of the chicken tariff. To put it another way, the truck segment that has gone undisrupted for more than 55 years due to lack of innovation. This is why Tesla’s Cybertruck is so important. They're entering a market that has gone nearly unchanged for more than half a century. This is a literal goldmine for Tesla as 1.5m of them will be sold this year alone. All they have to do is create a truck that is at price parity or better with their competition, has a cost of ownership less than their gas competition, and performance that makes any other truck look like a child’s toy. Though I am not a truck person and the design is quite different from what people are used to a truck looking like. The question is, will it be like Google Glass where it fades away as a flash in the pan or like AirPods that become a cultural phenomenon. Here’s how an April 2019 Market Watch article once described the AirPods, “Continuous and repetitive exposure will eventually make them seem as normal as apple pie. The more people who use them, the less odd they seem.” Much like the AirPods, I suspect the Cybertruck will find it’s home in pop culture. Sean Mitchell, All Things EV. Thanks so much for watching, see you on the next video. Chicken Tax Sources: NPR https://youtu.be/GnGLTThwpLU Planet Money: https://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax Today I Found Out: https://youtu.be/Yc7YKYWLXww ********* Tesla referral code: http://ts.la/sean510 Become a Patreon supporter: https://www.patreon.com/seanmmitchell Like Tesla: http://www.youtube.com/LikeTesla Now You Know: https://www.youtube.com/nowyouknowchannel Hyperchange: TV https://www.youtube.com/hyperchangetv Teslanomics: https://www.youtube.com/channel/UCbEbf0-PoSuHD0TgMbxomDg Products I use: Canon 80D: https://www.amazon.com/dp/B01H8CWRBM/ref=cm_sw_r_tw_dp_U_x_XHYIBb4RC08QH JOBY GorillaPod 3K Kit. Compact Tripod 3K Stand and Ballhead 3K for Compact Mirrorless Cameras or Devices up to 3K (6.6lbs). Black/Charcoal: https://www.amazon.com/gp/product/B074WC9YKL/ref=oh_aui_detailpage_o06_s01?ie=UTF8&psc=1 Rode VMGO Video Mic GO Lightweight On-Camera Microphone Super-Cardioid: https://www.amazon.com/Rode-VMGO-Lightweight-Microphone-Super-Cardioid/dp/B00GQDORA4/ref=sr_1_3?s=electronics&ie=UTF8&qid=1537461907&sr=1-3&keywords=rode+microphone Michelin X-Ice Xi3 Winter Radial Tire - 245/45R19/XL 102H: http://amzn.to/2DyiHUc iOttie Easy One Touch 4: http://amzn.to/2Bs3SR6 KobraTech Mini Cell Phone Tripod: http://amzn.to/2sJMOH2 #Tesla #Cybertruck #ElonMusk