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Likely BYD’s BEV sales alone will eclipse Tesla’s this year. In the first half of 2023, BYD has sold 1,255,637 EVs.
by 7e 3y ago
Likely BYD’s BEV sales alone will eclipse Tesla’s this year. In the first half of 2023, BYD has sold 1,255,637 EVs.
- DoesntMatter22 3y agoThey make hardly any money on them so how much it matters is debatable. Tesla is Apple and BYD is like One Plus (bad analogy because One Plus doesn't sell many cars) but still. Tesla isn't at much risk from BYD. BYD will eat the low end of the market around the world though.
- nly 3y agoBecause all that matters is profit right, not moving people to EVs
- sunshinerag 3y agoIt can be both. In fact it’s the BEST when both.
- WinstonSmith84 3y ago> Tesla is Apple and BYD is like One Plus (bad analogy because One Plus doesn't sell many cars) Yeah, it's a very bad analogy, nobody on budget buys a OnePlus 11. A One Plus 11 is 1- just slightly cheaper than an iPhone 14 and 2- is technically on par https://www.makeuseof.com/oneplus-11-vs-iphone-14-plus/ https://www.makeuseof.com/oneplus-11-vs-iphone-14-plus/ - almost a counter example ironically
- DoesntMatter22 3y agoTalking about what one plus was originally obviously
- martin8412 3y agoYou can't compare Tesla profit with other car manufacturers. The numbers are not calculated the same way. If you take your Volkswagen to have something fixed within the warranty period, then the cost of repair is taken from the warranty repair pool associated with that model/year configuration, lowering the profit per sold car. If you take a Tesla in for repair, they'll most of the time do a goodwill repair which doesn't come out of the warranty pool, and therefore doesn't affect profit per car. They work out to the same number in the end, but per car profitability looks better for Tesla when trying to attract suck... outside investment.
- gamblor956 3y agoThis. If Tesla presented its numbers the same way that Toyota and Ford did, they would both have higher profits-per-car than Tesla despite selling many cheaper cars, due to the huge markups on their real moneymakers: trucks sold to U.S. customers (Ford's profit on an F350, their most expensive vehicle, can exceed the retail price of a Model 3.). The profits on trucks are why Musk is trying to get into the truck game with the Cybertruck.
- placeholderTest 3y ago> If Tesla presented its numbers the same way that Toyota and Ford did, they would both have higher profits-per-car than Tesla despite selling many cheaper cars No they would not, and this is a ridiculous thing to say if you had taken even 5 minutes to look at the earning reports of these companies. Even when accounting for the small differences between car manufacturers on how they make their per-car-profit calculation, they still report their total earnings the same way. 2022 Tesla made $13B selling 1,3 million cars. 2022 Toyota made $18B selling 10,5 million cars. 2022 Ford lost $2B selling 4.2 million cars. 2021 Ford made $17.9B selling 3.9 million cars. (added Ford's 2021 result for a better comparative) Every car manufacturer does some slight variation on how they get their margins per car figure, but it does not account for major difference you think they do.
- red-iron-pine 3y agonot just the profit on trucks, they're the overall number 1 selling vehicle in the US, and are popular elsewhere. desert warlords love their tacoma/hilux... but yeah that's where the money is.
- DoesntMatter22 3y agoThe amount of people on here who irrationally hate Tesla is pretty entertaining.
- goodbyesf 3y agoSo are the people who irrationally love Tesla.
- benj111 3y ago>so how much it matters is debatable What definition of 'matters' are you using? They're producing more cars, still making a profit. I work for a company that isn't the absolute most profitable per unit. My investments are full of companies that aren't absolutely the most profitable per unit.
- placeholderTest 3y ago1,255k EVs, but only 617k BEVs. They might sell more than Tesla for the whole year, but it’s not trending that way at the moment.