One electric-vehicle challenge Elon Musk saw coming in his rear-view mirror has just edged past him. On Wednesday, BYD clocked quarterly sales that handily beat Tesla. The next worry is that his Chinese rival will keep pulling further ahead.
BYD’s top line was neck and neck with Tesla’s in last year’s fourth quarter. But it powered ahead in the latest results, with a record 201 billion yuan ($28 billion) in revenue in the three months to the end of September, some $3 billion more than its U.S. rival’s.
Yesterday someone posted a screenshot of the price of a fully trimmed ID3 costing 63K €. Mind you ID3 is a small compact car. That’s absolutely insane, and then VW is wondering why their profit and sales are sliding down the drain. They were supposed to be producing mass market affordable cars.
I don’t think that those tariffs will help much, and it will be counterproductive in the long term for the European car industry.
This is the actual reason Musky is riding the Cheeto Train. If Harris wins sanctions and tariffs are much less likely and Tesla can’t actually compete on a global scale. But hey, I’m no financial expert.
BYD can’t sell personal vehicles in America, because the US government thinks American companies (where the CEO lives, not where cars are made) can’t compete with BYD.
It doesn’t matter which party is in office, they both take money to keep BYD out.
Asking out of curiosity, has there been a solution to electric vehicles in street parking heavy areas? Where I live, something like 90% of residential buildings are owned by a corporation, so only the super rich have driveways. But I see Teslas parked on the street absolutely everywhere
My wife & I just spent a week in London, where there are plenty of cars but very little off-street parking. We saw a significant number of EV’s ranging from Tesla’s & other cars, to taxis, double decker busses, and the occasional truck/lorry. We spotted one or two Tesla super charger stations as we made our way around the city, as well as a very small number of public parking spaces along roads that had either chargers or just outlets to plug chargers into.
What little I saw certainly didn’t seem like a lot, but they clearly seem to have some sort of grasp on the situation given the number of EV’s we saw…
I would buy one of these in a heartbeat.
So much for the “free market,” I guess.
I would have before the terrifs, now it’s not affordable
Got a chance to ride in a BYD EV this summer. Impressive vehicle, doubly so for the price.
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https://www.reuters.com/breakingviews/byds-outpacing-tesla-has-only-just-begun-2024-10-31/
