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Tesla needs to develop an affordable car for emerging economies (LATAM, EMEA), and their stock will increase faster than before. China is dumping its cars on th
by throwacct 2y ago
Tesla needs to develop an affordable car for emerging economies (LATAM, EMEA), and their stock will increase faster than before. China is dumping its cars on these markets like crazy and even then most people are reluctant to buy them.
- coliveira 2y ago> most people are reluctant to buy if people were really so reluctant to buy a cheap, high quality car, BYD wouldn't be selling millions of them.
- VerminOctopus1 2y agoTesla doesn’t have the engineering or supply chain chops to compete with the Chinese firms.
- Cthulhu_ 2y agoI'm sure this is how they lost their first mover advantage, by choosing to reinvent the proverbial wheel of car manufacture instead of partnering with e.g. VAG, Ford, or even a Chinese company.
- acdha 2y agoI think they could have pulled that off with a full-time CEO. The quality-control problems didn’t seem intractable, but they didn’t have the equivalent of a Shotwell providing the sober engineering execution which a hype-chasing CEO was never going to deliver.
- warp 2y agoMany countries in latin america still subsidize gasoline, so EVs just aren't as viable here compared to e.g. Europe where gas is taxed significantly. (anecdotally, Chinese cars are pretty popular here in Ecuador, but they're fossil fuel cars, not EVs)