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.
filister@lemmy.world 10 months ago
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.
Buffalox@lemmy.world 10 months ago
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. 😋
iterable@sh.itjust.works 10 months ago
Tesla stock is a pyramid scheme.
nix@merv.news 10 months ago
Which are the 3 better self driving ai?
NotMyOldRedditName@lemmy.world 10 months ago
Until this year, most of the analysts weren’t really including FSD in any of their projections. They were protecting Tesla maintaining the really high margins instead of high margins.
When the really high margins became high margins, things changed pretty rapidly.
Of course retail investors amd what actually happens is different, and it’s hard to deny there must be some impact beyond what analysts are saying, but I don’t think it’s as much FSD as people think it is.
Buffalox@lemmy.world 10 months ago
It’s literally the original headline from the article, which is considered good posting ethics. Why would you want posters to editorialize headlines?
sugar_in_your_tea@sh.itjust.works 10 months ago
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.
silvercove@lemdro.id 10 months ago
I see a lot of BYDs in the street here in Istanbul. They are everywhere.
PizzasDontWearCapes@sh.itjust.works 10 months ago
What are each of their earnings and prospective earnings?
Market cap isn’t 1:1 with units sold
NotMyOldRedditName@lemmy.world 10 months ago
Teslas sept 2023 q3 operating margin was 11.18% and peaked at 16 before all the cuts.
BYDs latest seems to be 5.33% and peaked around 9.5 in 2018 and has been under 8 since.