Many $TSLA buyers don’t know that BYD is outselling Tesla 6:1 in China 🇨🇳, whereas Toyota is outselling Tesla 6:1 globally—regardless of Tesla receiving huge subsidies and regardless of worth cuts— or that Tesla is relying closely on BYD and CATL for batteries for vehicles and “megapacks” https://t.co/4TpQn3sHJy
— Information Chaser 🌎 🤦🏻♂️ (@Factschaser) July 23, 2024
The jig is up.
Tesla has no market. They don’t seem to be higher than Chinese language options and they’re thrice the worth of Chinese language options. Sure, the US has banned the Chinese language options and the EU is tariffing them. However that doesn’t repair Tesla.
Tesla is just too costly, and it’s full rubbish. They’re low-cost items of crap. A $90,000 Tesla makes use of the identical high quality inside as a $10,000 BYD. Moreover, BYD additionally makes EVs within the $90,000 vary, that are extremely luxurious automobiles which can be rivals to Porsche.
Tesla is doomed. They have been buried alive by the Chinese language, who insist on delivering top quality merchandise at affordable costs.
The US invented globalism, gutted the US center class jobs sector, and now they’re telling you you possibly can’t have Chinese language merchandise anymore, even whereas not providing you with your jobs again. Chinese language manufacturing is the overall foundation for the fashionable US financial system, and the one method it really works. Not solely does America not have jobs, it additionally doesn’t make something price shopping for.
Tesla on Tuesday reported its lowest revenue margin in additional than 5 years and missed Wall Road earnings targets within the second quarter, as the electrical car maker reduce costs to revive demand whereas it elevated spending on AI tasks.The corporate stated it was on monitor to supply new automobiles, together with extra inexpensive fashions, within the first half of 2025, though the fashions will lead to reaching much less value discount than beforehand anticipated. Shares fell 8% in after-hours commerce.
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The corporate additionally laid off greater than 10% of its workers to chop prices, and Tesla stated revenue was additionally weighed down by restructuring expenses and a rise in working bills largely pushed by artificial-intelligence tasks.
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Dan Coatsworth, funding analyst at AJ Bell, stated Tesla has now missed earnings targets for 4 quarters in a row. “There’s a number of speak about robotaxis, humanoid robots and autonomous driving, which offers an thrilling narrative for buyers however doesn’t recover from the truth that these are tomorrow’s potential riches, not at the moment’s.”
Musk instructed analysts on a convention name that new rivals “have discounted their EVs very considerably, which has made it a bit tougher for Tesla.”
They didn’t “low cost” them. They don’t seem to be promoting at a loss to flood the market. That will be sensible and humorous in the event that they have been, however they’re not. (The entire “run at a loss to defeat rivals” isn’t actually a typical Chinese language technique.)
BYD and the opposite Chinese language corporations beat Tesla by making higher vehicles. That’s it. Full cease.
Launch of MG Cyberster electrical in Australia 🇦🇺 by China’s 🇨🇳 MG compelled Musk to assert Tesla will launch hyper hyped / tremendous delayed Roadster subsequent yr but when Cybertruck launch is any indication anticipate the $TSLA Roadster to set ignominious data similar to “Most Towed Roadster” 🤡 https://t.co/LgtiSCx4l7 pic.twitter.com/RccZwKbMP4
— Information Chaser 🌎 🤦🏻♂️ (@Factschaser) July 23, 2024
BYD employed Wolfgang Egger, a German who was previously the lead designer at Alfa Romeo, Audi, and Lamborghini as their lead designer.
He’s an ultra-competent German engineer who is aware of what he’s doing.
They employed different whites for various engineering jobs. They usually in fact employed probably the most competent Chinese language males. They pay everybody very properly, as a result of they need the perfect individuals.
Nearly the entire high individuals at Tesla are Indians. Elon Musk actually solely hires Indians. They fail at actually every little thing however he retains hiring them, and that’s as a result of if you would like somebody like Wolfgang Egger, he’s going to demand some huge cash. Then, on down the road, it’s the identical clarification: competent white males at each stage need greater than their Indian options.
The Indians should not all completely incompetent. I’m not even saying that, essentially. For those who stated “I’m gonna rent the perfect individuals at my tech firm,” a few of them could be Indian, however most of them could be white or Chinese language (or Japanese/Korean). Elon’s program just isn’t “rent the perfect and make the perfect product and dominate the market,” it’s “rent Indians as a result of they’re cheaper whereas getting subsidies from the federal government and counting on the US and EU governments to cease competitors.” It was a extremely dangerous technique that didn’t repay, and now the race to dominate the EV market is over. Tesla misplaced (badly), as a result of Elon thought he might do issues on a budget and use crony techniques.
Tesla isn’t promoting low-cost vehicles as a result of they will’t make them effectively as a result of they don’t have good designers. That’s a part of it. The opposite half is that the enterprise mannequin relies on big revenue margins per car, which is against the Chinese language mannequin, which is to make much less revenue per unit and promote extra models.
This was all simply accomplished utterly and completely mistaken, and the one particular person responsible is Elon Musk.
This has Actually Already Occurred to Apple as Effectively
Although the US is closing the market to Huawei, they’re doing the identical factor to Apple that BYD did to Tesla on the bigger international market. Huawei is making a greater product for cheaper as a result of they employed the perfect individuals (whoever that was, however principally whites and Chinese language), whereas Apple refused to innovate and simply demanded individuals pay outrageous costs as a result of they’re a “luxurious model.”
The Chinese language additionally make “luxurious” merchandise for individuals who need to pay extra to reveal standing. They perceive that idea and they’re masking that floor. However they perceive that the conventional particular person (significantly males) make buying choices primarily based on sensible issues, fairly than a need to reveal standing. (That is very true with telephones and different shopper electronics – with vehicles and garments, males usually tend to need standing symbols.)
We’re within the midst of a change, the place the Chinese language are going to undergo each single Western market and use this technique to make higher merchandise at decrease costs and destroy rivals.
Once more: the US invented this idea of creating China the manufacturing unit of the world. Now they’re blocking the Chinese language and demanding, whether or not it’s Tesla or Apple, that you simply pay thrice the worth for a product of lesser high quality. It’s not sustainable. Paying thrice the worth could be effective if Individuals had jobs paying thrice the wage, however they don’t. Actual wages proceed to fall decade to decade.
At this level, there aren’t very many “nice American corporations” left to even save. You would need to construct new ones, and the inhabitants is now so grotesque that it’s unlikely now we have the human sources to do this on any sort of scale. Whites should not breeding, they’re being changed not simply with brown individuals however the worst varieties of brown individuals on the planet.
It’s a catastrophe.
