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The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent. (www.nytimes.com)
submitted 2 months ago* (last edited 2 months ago) by to c/mildlyinteresting@lemmy.world
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[–] 12 points 2 months ago (4 children)

I don't understand. Using Elon in charge of Tesla? How can it be failing? I thought he was a genius and not just some guy that had a profitable company partly in thanks to all the carbon credits being sold?

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  • [–] 2 points 2 months ago (3 children)

    Remember when Tesla was just a play to sell more batteries? This is now BYDs business model.

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  • [–] 1 point 2 months ago* (2 children)

    I don't remember that ever being a thing, actually. (Edit: as in "it completely went under my radar")

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  • [–] 1 point 2 months ago (1 child)

    It was related to Tesla giving away it's electric motor payments, Elon said he did it to encourage battery sales.

    Opening patents could help facilitate the expansion of battery charging infrastructure and ultimately create customers for Tesla's future battery factories, Kallo said.

    Tesla has a goal of producing a mass-market electric car in about three years, and the company hopes a large-scale factory will leverage its projected demand for lithium ion batteries to reduce their cost. https://abcnews.com/Business/elon-musk-gain-giving-teslas-patents/story?id=24111407

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