That's what he gets for being a lying idiot nazi prick.
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Elon is a BYD marketing asset
I kinda wish Elon was a Chinese agent and Trump was really a Russian agent. It would make more sense at least.
But instead we have two people making the exact same decisions that a state agent would do to sabotage the US and it's industries but it's all because of their absolute incompetence instead. Which is far less exciting and far more pathetic.
It is an incredible self-own for the USA that won't really be felt for a few years at least. To abandon research and future markets tech like electric vehicles and green energy, and to abandon them at the exact time China goes all in on it? Are they trying to put themselves in a position of irrelevance? Because that's exactly what I'd do if that's what I wanted.
I guess they really are. Much of the decisions are based on what TikTok tells people to think. Facebook allows for Russian influence, TikTok is steered from Beijing.
The idea of "USA shouldn't make electric cars" dies come from China, and exists precisely in order to put USA into disadvantage.
I will buy neither.
BYD is selling a lot because is subsidized heavily by the chinese government to disrupt european brands, and this despite having a 35% tariff on top for not disclosing this to the EU.
BYD is hiding $44B in debt. Chinese EV industry is eating itself and is the next Evergrande. They are losing money on every sale.
The stock is actually up 10% this month. The stock market is a shell game on full display at this point.
I've come to the conclusion that the stock market is just a representation of wealth inequality and oligarch theft than it is of the economy or any companies value.
Who are the losers that still buy a Tesla in Europe?
Did he really think Europe would like his Elon Hitler salute?
That's only a part of the reason. Europe now has 12 models of EVs at €25,000 that by every measure, are better.
I tried to drive a model 3 and it was infuriating to have everything on touch including turn indicators, windshield wipers and especially the gear selector.
Then a huge screen that can't be used with your phone so you're still forced to use a phone holder like a decade ago.
For me a car without carplay/android auto loses $5000 in value, and "touchscreen everything" removes another $5000 in value. I could only accept those compromises in a $20k car if new, $10k if used
Wait what?? I knew they overused terrible touch screen controls.. But you can't even connect your phone properly?
Gee do you need to be a wizard to figure out aligning yourself with idiot right wingers wasn't a good business decision when your entire business appeal is about being a good person and saving the planet
The article mentions the reputational damage with a half-sentence, but we all know the main reason no one wants to buy a swasticar is. Europeans have quite the attention span, and as long as Elon is associated with Tesla - which is pretty forever - their brand is poison. Not very truthful journalism, this is.
Liquidate Musk

Not sure if Chinese EVs are improvement...
Over Tesla I'd say they are.
BYD are not the best, but they are comfortable and cheap and charge fast.
MG has probably the cheapest BEV that is actually a decent car with good range.
Xpeng has insanely well equipped luxury cars, BMW luxury at VW prices.
Nio has the battery swap that is insanely fast, a battery swap is faster then even BYD 1 GW charging.
There are so many more options, and all of them beat Tesla in some way or other.
If you want a better Tesla than a Tesla, you can get a VW instead of model 3 and model Y, or BMW or Mercedes instead of model S.
And none of the above cars will nearly as likely kill you as a Tesla might.
And their cars are not all roadworthy here in Europe.
I don't get how US stock market pretends China isn't bringing global competitors.
BYD is taking a huge market share on the EV, Temu takes a big market share on e-commerce but both Tesla and Amazon keep growing
You can't buy BYD cars in the US. Out of sight, out of mind.
From an american billionaire to a chinese billionaire. Glory to Europe, never doing anything well themselves.
I don't know about Europe-wide, but in Germany usually 8 of the top 10 brands (including the top 4) are European. Ford and Hyundai/Kia are the other 2.
EDIT: sales data specifically about EVs
It's because people are waiting for the new model Y. 🤣🤣🤣
t’s not only Tesla feeling the heat from Chinese competition. Jeep owner Stellantis, South Korea’s Hyundai Group and Japan’s Toyota and Suzuki, all posted year-on-year declines in European new car registrations in July.
Japan has generally been really underwhelming in the EV market, offering mostly Hybrids. While I hear Hyundai is cheap in USA, that is not really the case in EU, a Huyndai is as expensive as a VW. Stellantis is a crap show, they continuously offer too little too late and overcharge for it.
By contrast, Volkswagen, BMW and Renault Group, were among those that logged increases in new European car registrations across the month.
VW group is really killing it here in Denmark 7 out of top 10 most sold models are from VW group here, and I think in most of EU it's mostly similar, because they offer cars with a very strong combination of range quality and attractive price.
VW has the lowest rate of errors at German mandatory biannual safety check published by TÜV, with for instance Tesla failing 7 times more often, With nearly 15% failure rate!!
In Denmark it's even worse for Tesla with 30% of model 3 failing after 4 years!!! (first mandatory check) And Tesla even rejecting repair under warranty.
The faults aren't minor either, they are serious faults in brakes, suspension and steering! No other brand is nearly is bad as Tesla in safety checks! The average rate is 11% so Tesla is about 3 times worse than average!!
https://fdm.dk/nyheder/nyt-om-biler/2025-01-populaer-tesla-model-dumper-med-et-brag-til-syn
It's so bizarre to me that Toyota in particular isn't a bigger player in the EV market after they were the first to get a mass market hybrid going. They were halfway there before anyone else, why'd they stumble so badly?

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