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Tesla scraps its plan for a $25,000 Model 2 EV
(arstechnica.com)
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this post was submitted on 05 Apr 2024
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All those that claim this market belongs to China, Tesla already has production in China, and can use all the same benefits Chinese companies can. Including government subsidies.
Outside companies almost never get the same benefits as local ones, that's true even outside of china. Another thing is that china has national interests in chinese carmakers.
So long as they keep the Chinese government happy. That's a big lever China has on Musk.
China is probably just happy that Musk is Musk. Dude sows enough discord among the US populace without them even asking. Gift horse and all...
Tesla needs to make a certain substantial profit margin, same problem as Apple's car project. BYD will sell at a loss for years to monopolize like Amazon/Walmart etc.
BYD has a level of vertical integration far beyond anyone else in the industry.
No one's talking about that.
No, they just create them and make them wildly successful so they have a backdoor in everyone's pocket.