Elon Musk says Chinese EV makers will ‘pretty much demolish’ most competitors without trade barriers

themickey said:
There is some truth to that, Elon is doing very well selling batteries.
Tesla’s Battery-Business Growth Set to Outpace EVs This Year
  • Tesla tapping into utility demand for batteries on grids
  • Energy storage helps complement increasing wind, solar energy
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Contractors mount a Tesla Powerwall battery unit at a home in San Jose, California. Photographer: David Paul Morris/Bloomberg
By filing. The unit’s profits nearly quadrupled.
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Yes but EV's lot more than just batteries. Just because China's EVs use different batteries doesn't necessarily mean that they developed their EVs all on their own. That's what I was saying in responding to @mervyn's comments.
 
TheDawn said:
Yes but EV's lot more than just batteries. Just because China's EVs use different batteries doesn't necessarily mean that they developed their EVs all on their own. That's what I was saying in responding to @mervyn's comments.
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an italian invented the battery, the rest is just differnt chemistry, and the prodouct demands. you ought to build a future-proof portfolio on its merit rather than political persuasion.

https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/

When the Chinese government handed out subsidies, it didn’t limit them to domestic companies. “In my opinion, this was very smart,” says Alicia García-Herrero, chief economist for Asia Pacific at Natixis, an investment management firm. “Rather than pissing off the foreigners by not offering the subsidies that everybody else [gets], if you want to create the ecosystem, give these subsidies to everybody, because then they are stuck. They are already part of that ecosystem, and they cannot leave it anymore.”
 
mervyn said:
you ought to build a future-proof portfolio on its merit rather than political persuasion.
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I agree. That's why one needs to be careful to not blindly put their investment in China unless China has really developed something original and sustaining.

mervyn said:
https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/

When the Chinese government handed out subsidies, it didn’t limit them to domestic companies. “In my opinion, this was very smart,” says Alicia García-Herrero, chief economist for Asia Pacific at Natixis, an investment management firm. “Rather than pissing off the foreigners by not offering the subsidies that everybody else [gets], if you want to create the ecosystem, give these subsidies to everybody, because then they are stuck. They are already part of that ecosystem, and they cannot leave it anymore.”
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If Musk really went to China because its subsidies on EV's then Musk was really short-sighted on this move.
 
mervyn said:
Elon became the richest person faster than anyone in history ...
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Much of Musk's wealth is tied to Tesla's valuation, which since Nov'21 has dropped significantly.

He may still be richest, depending on current valuations, but not nearly as much as he previously was. And the trend is no longer in his favor to remain numero uno.
 
mervyn said:
the point is tsla is monopoly in us market,
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You made me curious, because I figured you must be wrong:

"Tesla remains the undisputed champion of EV sales in the U.S., capturing 55% of the EV market in 2023."

So yes, 55% market share ain't monopoly...
 
SunTrader said:
Much of Musk's wealth is tied to Tesla's valuation, which since Nov'21 has dropped significantly.

He may still be richest, depending on current valuations, but not nearly as much as he previously was. And the trend is no longer in his favor to remain numero uno.
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he is an entrepreneur, got spacex valued at 180 billion, he own 42%. got the brain implement and xai, and twitter got money transfer licenses in many states. if he is anything, stupid is not what i'd say.
 
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