Tesla vs. Xiaomi: The price discovery of full self-driving in EVs

#tesla #xiaomi #evs #price #yahoofinance

Chinese electronic company Xiaomi (1810.HK) launched its electric SU7 sedan, an EV estimated to be $4,000 cheaper than Tesla's (TSLA) Model 3. Pricing continues to be a point of contention between Tesla and Chinese automakers. Oppenheimer Managing Director and Senior Research Analyst Colin Rusch sits down with Yahoo Finance to emphasize the evergrowing importance of vehicle pricing and full self-driving (FSD) capabilities for international EV markets. "There could be a potential embrace of the functionality [for FSD] as folks start to look at how the vehicle drives as it mimics humans in a more substantial way than a lot of the other folks working on full self-driving," Rusch says. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.

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[ALWH]

Su7 initial offering 50k cars sold out in 27 minutes, ouch.

[royed]

Tightrope for Tesla, as if they price drop it devalues the brand. Their previous price drops did not go down well with existing customers, so may affect their decision to maintain brand loyalty .

[chenjl]

24 hours, 88, 898 unit of Xiaomi Su7 sold!!! Tesla... can it fight with Xiaomi???

[-TheOracle-]

The owner of Tesla has his head in the stars. I am not concerned if he isn't. 😅

[mandelm]

Challenge for Yahoo: on air video with Tesla FSD 12.

[AJ-szbh]

FSD is it best a $4000 option. And really not that because it isn’t FSD. And it’s current state 2000 would be appropriate.

[hawtan]

Xiaomei has never made anything themselves. Making car is their first try but cars are the most difficult product to make. It takes years to master. It took Tesla more than 10 years to do. Go figure if they will succeed.

[tedchandran]

Jai Hinduja. To build EVs faster, cheaper and more secure under the Biden's Inflation Reduction Act, EVs could all potentially be built in India.