Can't you also name this brand. The majority of the people here know it anyway.
Funnily enough the TSLA stock is 800 billion and the BYD stock is 75 billion.
Funnily enough the TSLA stock is 800 billion and the BYD stock is 75 billion.
That's because Tesla is extremely overvalued, because Musk is a con man, who promises Tesla will lead AI for fully autonomous driving, and basically promises that when that happens, it's nearly infinite money. In reality they are currently #4 at best in AI for self driving.
I'm guessing BYD is valued more by criteria similar to VW and Toyota.
PS: Yes I know half of infinite is still infinite. But I hope you all understand what I mean. 😋
Tesla stock is a pyramid scheme.
~~Tesla~~ stock is a pyramid scheme.
~~Tesla stock~~ capitalism is a pyramid scam.
Though when you look at income distribution it looks more like the Burj Khalifa in a desert.
Many yes, but basically those who don't pay yearly dividends. Which is a ton of them.
Which are the 3 better self driving ai?
Mercedes, Waymo and GM are all ahead for sure, despite having a setback recently in their testing. But there are others that are likely ahead too, like BYD, Nissan, Nvidia and MobilEye.
My guess is that Tesla probably ranks 6th currently, but they for sure is no higher than 4th.
PS I don't know why you got negative feedback? It's a fair question.
Can’t you also name this brand. The majority of the people here know it anyway.
It's literally the original headline from the article, which is considered good posting ethics. Why would you want posters to editorialize headlines?
How would that majority here know it? I assume most here aren't Chinese, and these cars are pretty new to most markets outside of China.
I personally had never heard of them, so thanks for mentioning the ticker so I could look it up.
I see a lot of BYDs in the street here in Istanbul. They are everywhere.
Huh, looking it up it looks like they're in a number of countries. So they're not quite big enough to make my local news, but big enough to be distributed throughout a number of countries.
What are each of their earnings and prospective earnings?
Market cap isn't 1:1 with units sold
Teslas sept 2023 q3 operating margin was 11.18% and peaked at 16 before all the cuts. This is while ramping 2 factories.
BYDs latest seems to be 5.33% and peaked around 9.5 in 2018 and has been under 8 since. I don't know what BYDs factory ramping situation is.
Ford for the past couple years has hovered a little above and below 4. Was worse further back.
Also keep in mind that the (fuck) CCP intentionally heavily subsidized in an effort to dump on all its competitors in different countries.
Cars are regularly sold at half the cost just to kill all competition. You're going to eventually sell more cars than your competitor.
There's a bit more to it than that. But yes EVs are subsidized in China.
I worked in a business where we had one product that was useful for automakers but especially useful for EVs. About 8 years ago the EVs in China were mostly cheap shitty BYDs.
Seemingly out of nowhere, the government changed a bunch of rules and regulations for new cars. Within a month design teams were being established at every major automaker in China focusing on EVs. It was a great year for us.
Key EV components, especially the materials to make batteries, started to come down in price.
Then the green plates started turning up. Every city has its own rules for car registration, some places like Shanghai, would auction new number plates each month resulting in a low supply and high demand. It was possible to buy a car cheaper than the number plate. Then if you register an EV you can get a green plate for almost nothing.
About 3 years ago the cities started requiring new taxis and busses to be EV. Places like shenzhen just converted everything to EV. Released licenses for training and testing self driving.
Charge stations started popping up everywhere. There's no way a shopping mall or new residential development could avoid having at least a large section for charging. My own home, converted an entire floor to charging parking stations in the underground car park.
Finally tesla set up Shanghai giga factory. I have no idea how they managed to make that deal but not long after they started shipping model 3s domestically they slashed the prices down to cheaper than a niceish BYD.
If you go to Shenzhen today about a third of cars are EV and you will see a dozen brands you've never heard of before (some are terrible cars, but most are reasonable quality and a handful are bullshit luxury)
As in tradition in China, the government will now let them go into a price war to push the manufacturers to find cheaper ways to make them. Many will go bust or give up.
As in tradition in China, the government will now let them go into a price war to push the manufacturers to find cheaper ways to make them. Many will go bust or give up.
Isn't that how a market economy is supposed to work, I mean normal textbook style? That's how capitalism was sold to me in my econ classes.
Sure, but what op described sounds like the equivalent of breaking a pool cue in half and telling the Chinese EV market there's only room for one manufacturer on the crew.
It's a massive waste of resources to have everyone race to the bottom like that.
Makes you wonder where the US could have been by now if they supported the transition sooner.
Honestly? Good.
Maybe this will actually push EVs to be the most common vehicle type.
Ya a lot can happen in 10 years.
In the 10 years since, Musk has changed his tune from one of derision to one of respect, saying in May: "That was many years ago. Their cars are highly competitive these days."
This is something to keep in mind because he has kept the same car designs for a decade. BYD has continually updated their hardware and designs. Musk isn't leading Tesla; he's at the helm while it coasts along, losing the momentum needed to move into the future.
Pay wall, but AFAIK they aren't past Tesla yet, all these comparisons include PHEV.
That said, it's believed they may pass Tesla in 2024 for pure EVs
PHEV?
Plug in hybrids electric vehicle.
Gas engine + battery
This is a most excellent place for technology news and articles.
