TLDR
China is hyper competitive, and the government puts a thumb on the scales. Tesla stands no chance there in the long term, and it is/was 1/3 of TSLA global sales!
Automakers’ share of China NEV market in Apr: BYD tops with 37.5%, Tesla 5th with 4.6%
Posted by Savings-Act8
24 Comments
Poor choice, purchasing a money-losing meme stock.
What ??? Elon promised to role out FSD in China to the entire fleet. Easy @ 0% market share.
You’re telling me that a Chinese EV auto manufacturer is beating an American EV manufacturer in communist China, the country America is divesting from? Color me shocked!
They are exporting quite a lot.
You don’t seem to realize the disconnect between market share and revenue in a growing market. “Share” implies a fractional number; it’s a relative measure.
Do you want one whole small apple (100% market share), or do you want one quarter of a truckload of apples (25% market share)?
Of course their market share is going down, they’re the first mover. The only way this would be surprising is if you genuinely believed that they would be the last manufacturer in the whole world to build EVs. Market share only matters in mature markets.
Wow, my puts looking so S3XY
Honestly calls on TSLA bc wsb seems so dead set on its complete and utter demise
Multinationals getting BTFO in China. A tale as old as Shenzhen.
Ya, that will happen when your social credit system tells you what to buy in order to make the gov like you.
Inverse WSB, always works against regards.
you realize that NEV includes PHEV?
Count the price cuts in Europe in and that’s a massive 25-35% decline in revenue
Calls
This sub should just rebrand as a tesla watchlist at this point
BYDs are less than half the price of Tesla’s cheapest model.
Eventually they will have to consider pulling out of China.
Never know with this stonk though. Shitnews and it goes green. Good news and it also goes green. I’m still betting on a downwards spiral in the short term.
And people wonder why NIO is in the pits
Tesla almost gave the USA a second chance at being competitive within renewable energy.. and then they did absolutely nothing with it and now they’ll get fucked no matter what by China.
US legacy auto is looking worse now than it did when Tesla first started putting up numbers imo.
That’s a HUGE decrease…. Is that in the past quarter or past year?
NIO is not even on the list? No wonder NIO stock only goes lower.
Interviews showed that people said buying a Tesla isn’t viewed as smart over there. Smart people staying away from Tesla.
So does byd has teslas fsd now?
Hey Elon, how’s that coddling to the Chinese communist party going?