A tale of two EV giants: Tesla vs. BYD Tesla (USA): •Founded: 2003 •Market Cap: $1.25 Trillion •Revenue: $96 Billion BYD (China): •Founded: 1995 •Market Cap: $107 Billion •Revenue: $83.4 Billion Both companies are revolutionizing the electric vehicle space, but their strategies and market focuses couldn't be more different. Tesla dominates with its innovation and branding, while BYD thrives as a mass-market powerhouse in China. #himanshusingh
James Deak
1mo
If China's market wasn't as closed and regulated as it is, doubtful BYD would have developed. Take away the forced joint ventures between foreign manufacturers and Chinese auto companies to assist with technology transfer and skills development, no doubt BYD would not have thrived. Had it competed without that significant government intervention, it would probably still be making bad gasoline engine cars. The meme presented here is dishonest.
Isso é muito importante, olha o nível de attatchment do Brasil em questão as montadoras europeias, há muita coisa em jogo pata o futuro, se tais montadoras vão nos fazer jogar o jogo no mercado automobilístico ou vão nos dar opções reais quanto ao nosso bolso e situação, veja o Brasil, uns tem carro, outros não, na América, até mendigo tem. O que tais tecnologias impactariam na nossa economia, preço das peças de reposição, preço de revenda, utilização do combustível, preço das taxas, etc.. Isso impactaria a economia positivamente? Hoje aqui no Brasil dizem que quem ganham são as montadoras e as concessionárias. Fora isso acho interessante a montadora chinesa, pois sou baixa renda, mas se a tesla for mais segura economicamente e positiva, abriria mão dela pela tesla.
One of the two has massive sales growth. One has sold less cars in Q1-3 2024 than in Q1-3 2023….🤔
Joshua Eaton
1mo
The devil is in the details. Tesla receives a lot of benefit from the US government. However, Tesla also competes on the world stage. BYD has the issue of Chinese government protection and support. BYD is heavily subsidized by the Chinese government and thanks to restrictions that China has placed on its own domestic markets, foreign companies like Tesla aren't able to compete as efficiently on the Chinese market. You can't really compare Chinese automotive companies to non Chinese companies because of the way they're able to compete in the market. China has heavy market restrictions in China and has a habit of distorting the numbers using those restrictions.
Robert Higgins
1mo
One thrives on $100billion in subsidies from the Chinese government & the other has Elon Musk as it's CEO.
David MacDonald
1mo
Elon musk did not start tesla
Syed H Raza
1mo
International expansion strategy of chinese vehicles (and chinese businesses) is not sustainable long term. They will never thrive internationally for long at the expense of local industries and millions of jobs. Wake UP EU before your economies go bankrupt
Joel Patience 💠
1mo
So which one is responsible for making batteries that run out the day after the warranty expires?
Senior Software Engineer
1moThis is from ChatGPT about Tesla and subsidies: Tesla, as a global leader in electric vehicle manufacturing, benefits from both direct and indirect government subsidies in various countries and regions. United States: • Federal Tax Credits: Under the Inflation Reduction Act (IRA), eligible electric vehicle buyers can receive up to $7,500 in federal tax credits. • State-Level Incentives: In addition to federal credits, various states offer additional incentives. China: • Purchase Tax Exemption: From January 1, 2024, to December 31, 2025, eligible new energy vehicles in China are exempt from the vehicle purchase tax, with the tax reduction capped at 30,000 RMB. • Local Subsidies and Benefits: Some cities provide additional local subsidies, free license plates, and reduced parking fees. It’s important to note that Tesla benefits not only from consumer purchase subsidies but also from tax credits, government loans, and research grants. According to reports, Tesla has received nearly $3 billion in various government subsidies in the U.S., including tax breaks and loans.