Tesla is about to spread their offensive globally. The company has better margins than any other auto company especially those in the EV space.
In this video I discuss how they are unleashing this in China and it will likely spread. We are going to many companies put out of business due to the price wars.
▶️ 3Speak
Tesla is dominating the EV scene from a long time now and it looks like they are also securing their future as well.
You are absolutely correct.
BYD isn't really financially stable to compete against Tesla which has the financial power.you said that Tesla sells cars at zero profit and make money.
My question is,
Won't selling cars at zero profit by Tesla bring there finances down.
Can you elaborate more there
BYD has the support of the Chinese govt. I don't think they are going anywhere anytime soon.
I have always heard that competition is good for consumers. The lowering of price and improvement of products are definitely good effects of these. If consumers can get the best of both worlds, that is great. But when the competition gets bankrupt, and we are left with a single producer, that is when it gets bad.