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Here are some more headlines to help put this in context: "Tesla still dominates electric car sales in China, over 11,000 deliveries in July" https://electrek.

Here are some more headlines to help put this in context: "Tesla still dominates electric car sales in China, over 11,000 deliveries in July" https://electrek.co/2020/08/11/tesla-dominates-electric-car-sales-china/ https://electrek.co/2020/08/11/tesla-dominates-electric-car-... "Tesla Model 3 sales in China spike 7% in August" https://www.teslarati.com/tesla-model-3-china-sales-august-2020/ https://www.teslarati.com/tesla-model-3-china-sales-august-2... "China now accounts for nearly one-quarter of Tesla revenue" https://techcrunch.com/2020/07/28/tesla-china-revenue/ https://techcrunch.com/2020/07/28/tesla-china-revenue/ "Tesla Model 3 Maintains Its Position as China’s Most-Sold EV Model in August" https://www.caixinglobal.com/2020-09-10/tesla-model-3-maintains-its-position-as-chinas-most-sold-ev-model-in-august-101603641.html https://www.caixinglobal.com/2020-09-10/tesla-model-3-mainta... Ah, I did see this at the bottom of that caixinglobal link: "In August, the Hongguang Mini, a two-door micro EV launched by General Motors’ Chinese joint venture, claimed the title of the second most popular electric car model in the country, with sales of 9,150 units, the CPCA statistics showed." So I can see both perspectives on this small question about sales figures in the short-term. The tie-breaker for me? The innovations presented at Tesla's Battery Day event. I don't think GM is going to be able to catch up to that, because they simply haven't made the investments required to do so. Tesla is ahead by a decade on battery manufacturing and software, including autonomy. What does GM have? A legacy of fuel cells, and a failed partnership with this little fraudulent company named Nikola... https://www.nytimes.com/2020/09/21/business/nikola-trevor-milton-resigns.html https://www.nytimes.com/2020/09/21/business/nikola-trevor-mi... I take no pleasure in this knife twisting, but if you look under the covers, legacy auto is absolutely mired in scandal after scandal: https://www.nytimes.com/2019/12/23/business/bmw-sec.html https://www.nytimes.com/2019/12/23/business/bmw-sec.html https://www.bbc.com/news/business-34324772 https://www.bbc.com/news/business-34324772 https://www.reuters.com/article/us-daimler-emissions/daimler-to-pay-22-billion-in-diesel-emissions-cheating-settlements-idUSKBN2651NJ https://www.reuters.com/article/us-daimler-emissions/daimler... https://www.nytimes.com/2020/03/05/business/uaw-indictment.html https://www.nytimes.com/2020/03/05/business/uaw-indictment.h... I wonder if GM will even exist at all in ten years.

mynameishere 6y ago
What does GM have? About 3 million sales in China per year. You really come off as someone talking his book, by the way.
- maxharris 6y ago
  Past performance is no guarantee of future results. Thanks for the tip about how others might perceive me - I'll take it under advisement.
- yholio 6y ago
  More like someone nervously talking their book, first and foremost trying to reassure themselves. I think the GP can relax, no one interprets the "Tesla nemesis" in the title as anything else than sensationalism. The two EV markets have absolutely nothing in common except the (maybe) compatible charging stations.
  - deleted 6y ago
    [deleted]
- maxharris 6y ago
  I'm a long-term investor. I got in back in March, way before the split or much of the stuff that has come to pass. I documented what I was doing back then, and I think my bets have held up pretty darn well! When you see evidence that you've missed something, don't double down with your head in the sand... See you in 2025! :grin: https://news.ycombinator.com/item?id=23027366 https://news.ycombinator.com/item?id=23027366 https://news.ycombinator.com/item?id=22958528 https://news.ycombinator.com/item?id=22958528 https://news.ycombinator.com/item?id=22970810 https://news.ycombinator.com/item?id=22970810 You can downvote me all you want, but it won't make your value investing hypothesis true. It won't save the companies you own...
- nickik 6y ago
  I don't know why the parent felt the need for this rant. The article itself is kind of pointless as those cars are not really comparable, might as well throw scooters in there. If we seriously want to argue GM/Tesla. The 3M ice vehicles are pretty irrelevant, all cars will have to go electric and that is the market that matters. And selling a tiny car in China is not gone be what makes GM the big money they need to be 'General Motors'. In fact I would argue all infrastructure related to ICE will be negative value in a few years, and that includes outstanding leases on ICE cars. That will be a huge issue for GM and Ford.

mynameishere 6y ago

What does GM have? About 3 million sales in China per year. You really come off as someone talking his book, by the way.

maxharris 6y ago
Past performance is no guarantee of future results. Thanks for the tip about how others might perceive me - I'll take it under advisement.
yholio 6y ago
More like someone nervously talking their book, first and foremost trying to reassure themselves. I think the GP can relax, no one interprets the "Tesla nemesis" in the title as anything else than sensationalism. The two EV markets have absolutely nothing in common except the (maybe) compatible charging stations.
- deleted 6y ago
  [deleted]
maxharris 6y ago
I'm a long-term investor. I got in back in March, way before the split or much of the stuff that has come to pass. I documented what I was doing back then, and I think my bets have held up pretty darn well! When you see evidence that you've missed something, don't double down with your head in the sand... See you in 2025! :grin: https://news.ycombinator.com/item?id=23027366 https://news.ycombinator.com/item?id=23027366 https://news.ycombinator.com/item?id=22958528 https://news.ycombinator.com/item?id=22958528 https://news.ycombinator.com/item?id=22970810 https://news.ycombinator.com/item?id=22970810 You can downvote me all you want, but it won't make your value investing hypothesis true. It won't save the companies you own...
nickik 6y ago
I don't know why the parent felt the need for this rant. The article itself is kind of pointless as those cars are not really comparable, might as well throw scooters in there. If we seriously want to argue GM/Tesla. The 3M ice vehicles are pretty irrelevant, all cars will have to go electric and that is the market that matters. And selling a tiny car in China is not gone be what makes GM the big money they need to be 'General Motors'. In fact I would argue all infrastructure related to ICE will be negative value in a few years, and that includes outstanding leases on ICE cars. That will be a huge issue for GM and Ford.