Tesla is the only company to have high-margin mass-market EVs.
True, but their margins only exist because of protectionist US laws (i.e. 100% tariff on Chinese competitors).
What does that have to do with margins?
Not many people would pay $62K for a Tesla Model Y if they could get a BYD Sealion for $37K.
Do you know what 'margins' means?
And even in markets where BYD Sealion is sold - including China - Tesla Model Y outsells it!
True, but their margins only exist because of protectionist US laws (i.e. 100% tariff on Chinese competitors).
What does that have to do with margins?
Not many people would pay $62K for a Tesla Model Y if they could get a BYD Sealion for $37K.
Do you know what 'margins' means?
And even in markets where BYD Sealion is sold - including China - Tesla Model Y outsells it!