Was in Asia in February. The byds are everywhere for obvious reasons. Was talking to an uber driver who had a BYD he said he’s about 50-60% cheaper then a Tesla
I thought they had cool tech functions but cheaply built similar to Tesla’s
BYD is subsidized by the Chinese government. But apart from that it's avery impressive company.
I absolutely like and admire Elon, but Tesla was already in trouble:
Model X and S are old, expensive and problematic.
Model 3 is a low sedan, not much demand for that class of cars worldwide
So baiscally Tesla only has one model that does well and is in a prime part of the car market, the Y.
Cybertruck sells slow, and only in North America
The Semi is years behind schedule, production stopped for a long time, it seems now very slow production
The robot is extremely promising, Optimus Prime. But mass production and good profits could be many years away.
And China copies everything, so many robots from China too
Tesla home batteries, now there are many companies that make such energy storage. Still too expensive for 95% of consumers
But affordable on a larger scale for utilities
Tesla marker cap was higher than that of the ten largest automakers combined. Extremely overpriced imo.
