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"Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe." Tesla have practically defined the
by gerdesj 3y ago
"Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe."
Tesla have practically defined the market so far. They made EVs cool, created a comparatively vast world wide charging distribution network and so on. Now we have competition, proper competition. Mind you some of it is a bit shag, but nonetheless there is competition, and a lot of it is pretty good.
I drive a thing called a MG4. I went to school in Abingdon near to where the Morris Garage originated. My Dad had an MG Midget, back in the '60s. The car I drive is Chinese, it just has MG plastered on it.
My MG4 (its the extended range version) has comparable range to most of the current crop of EVs and is also comparably cheaper, and somewhat smaller, so less space. Swings and roundabouts. My point is that there is a lot more variety now than say five years ago. There is Polestar (from Norway) and Volvo and ... and.
However, what all the johnny come lately's lack, which Tesla has, is its charging network. They have lost their lead in style and all that S3XY wankery - all the rest can do a reasonable job in looking cool/menacing. They do have a lead in infrastructure and should capitalise on it. I suggest opening it up to everyone and expand as fast as they can possibly manage/acquire.
The real winners will be the energy suppliers. If you can ensure you are the flogger of the hardware that consumes that energy then its win/win. Swallow your pride: partner with everyone and get them to brand their stuff as Tesla.
If Tesla manage to bugger this up (given their head start) then they only have themselves to blame and the market will be merciless.
- gerdesj 3y agoJust in case I didn't spell it out: ICE: You buy a Ford/Volvo/VAG and you run it on Shell, Esso, BP etc EV: You buy a Tesla, power it with Tesla. Buy another EV - power it with ... electricity Tesla seem to have go this early on and then perhaps lost focus.
- atombender 3y ago> There is Polestar (from Norway) Minor correction: Polestar is Swedish. It is co-owned by Volvo and Geely, a Chinese car company, which in turn is an owner of Volvo. This year, Volvo stopped funding Polestar and has handed responsibility over entirely to Geely [1], and plans to get rid of their stake. So you could say Polestar is now a fully Chinese brand. Agreed about there being a lot of alternatives now. Other than MG, you can get great EVs from VW, Peugot, BMW, Audi, Kia, Hyundai, Nissan, Volvo, Opel etc., ranging from very cheap (MG4, Opel Mokka) to ridiculously expensive (Lotus Eletre). [1] https://www.reuters.com/business/autos-transportation/automaker-volvo-cars-stop-funding-polestar-quarterly-earnings-above-estimates-2024-02-01/ https://www.reuters.com/business/autos-transportation/automa...
- gerdesj 3y agoWhoops ... (well Norway did gain independence from Sweden but that's history) ... but not really. The EV market will be mostly or is already Chinese owned. Nothing wrong with that but they do have rather a lot of cameras and sensors in them which is handy but they also have an always on internet connection too.
- gerdesj 3y agoNote how I've been DVd to exactly zero, across most of this thread. I will choose my words more carefully in future.