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BYD makes nicer cars at a cheaper price. The only advantage Tesla has is protectionism in the US market.

readthenotes1 2y ago
-- “China had a plan when they let Tesla have a fully owned factory. They wanted the technology and the knowledge and experience. With that came a risk China would take that technology and build better stuff,” said shareholder Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. “That’s exactly what they’re doing. Now they’ve got really competitive vehicles, really competitive technology and the vehicles are cheaper.” -- And BYD had a leg up...
- jordanb 2y ago
  This has been going on for decades. Any adult in Tesla management should have known that the chances of this happening were 100%.
  - croes 2y ago
    This is how it works. Germany did they same at the beginning of the last century, Japan also to the end.
- lloyds_barclays 2y ago
  This is what Beijing government did on high speed railway system. Global railway manufactures were asked to hand over their technology, then they can begin to build, ship, and run their rolling stocks on Chinese railway. Beijing did this in early 2000s, and now they dominated the high speed railway standards in many countries.
  - deleted 2y ago
    [deleted]
- joejohnson 2y ago
  This is nonsense to smear Chinese companies and perpetuate this idea that they aren’t innovative and only steal. Anyway, didn’t Tesla give away these patents? https://medium.com/@mk_26304/the-genius-behind-teslas-patent-giveaway-how-elon-musk-played-the-game-to-win-big-09f75a10c9bc https://medium.com/@mk_26304/the-genius-behind-teslas-patent...
A_D_E_P_T 2y ago
The US, for all its "free market" pretensions, doesn't really do capitalism very well. What people are now seeing in China, with the rise of more than a half-dozen EV companies in competition with each other, would be impossible in the US. We've got nascent protectionism, total non-enforcement of anti-trust laws (and a very slow and very cowed judiciary,) a complex+selective regulatory environment, and industrial policies that shift with the weather. American manufacturing firms like Tesla and US Steel no longer know how to compete on the merits. And big tech, like big pharma, is a game where small firms are inevitably bought before they can possibly threaten the entrenched major players.

-- “China had a plan when they let Tesla have a fully owned factory. They wanted the technology and the knowledge and experience. With that came a risk China would take that technology and build better stuff,” said shareholder Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. “That’s exactly what they’re doing. Now they’ve got really competitive vehicles, really competitive technology and the vehicles are cheaper.” -- And BYD had a leg up...

jordanb 2y ago
This has been going on for decades. Any adult in Tesla management should have known that the chances of this happening were 100%.
- croes 2y ago
  This is how it works. Germany did they same at the beginning of the last century, Japan also to the end.
lloyds_barclays 2y ago
This is what Beijing government did on high speed railway system. Global railway manufactures were asked to hand over their technology, then they can begin to build, ship, and run their rolling stocks on Chinese railway. Beijing did this in early 2000s, and now they dominated the high speed railway standards in many countries.
- deleted 2y ago
  [deleted]
joejohnson 2y ago
This is nonsense to smear Chinese companies and perpetuate this idea that they aren’t innovative and only steal. Anyway, didn’t Tesla give away these patents? https://medium.com/@mk_26304/the-genius-behind-teslas-patent-giveaway-how-elon-musk-played-the-game-to-win-big-09f75a10c9bc https://medium.com/@mk_26304/the-genius-behind-teslas-patent...

A_D_E_P_T 2y ago

The US, for all its "free market" pretensions, doesn't really do capitalism very well. What people are now seeing in China, with the rise of more than a half-dozen EV companies in competition with each other, would be impossible in the US. We've got nascent protectionism, total non-enforcement of anti-trust laws (and a very slow and very cowed judiciary,) a complex+selective regulatory environment, and industrial policies that shift with the weather. American manufacturing firms like Tesla and US Steel no longer know how to compete on the merits. And big tech, like big pharma, is a game where small firms are inevitably bought before they can possibly threaten the entrenched major players.