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> So the EV market is a lot larger than Tesla's corner of it. Which is basically the 44K - ~100K segment. And that segment is very crowded now as well. Sure bu

• jillesvangurp 2y ago
  Sure Tesla still has the scale. But not the sales. They've been postponing new factories, reducing production, etc. A few years ago they had no demand issues. Now they do. BYD has a few models that compare well with Tesla's Model 3 and Model y. They are the biggest of several Chinese manufacturers with hundreds of thousands of EVs built per year. BYD is actually on track to challenge Toyota as the largest vehicle manufacturer in the world in a few years. Not all of those cars will be electric of course. But still. The Koreans are getting there as well. Kia is looking to produce some 200K EVs this year. VW is not doing well financially, but they are producing a lot of EVs at this point and are close to catching up with Tesla even in terms of EVs produced per year (for the total VW group). The EV market is growing (~20%/y world wide), Tesla's share of it is declining. And by volume it actually stagnated last year and declined somwehat even. While others are obviously growing at its expense. The big question is if they can resume growth and what will drive that. I'd say, it's not going to get easier for them with that many competitors out there. And who knows Toyota might actually join the party at some point. Better late than never.