Tesla's only challenger is Chinese EV giant BYD, says former Tesla board member Steve Westly

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[vaneh]

BYD will hit 1.78 million units sold, and next year they aiming for 4 million...global beastmode

[Rrrren]

BYD is just one of those. The EV market in China is more competitive than the rest of the world combined. It's like the NBA in the US comparing to the rest of the world. Tesla is leading in many countries simply because of lack of competition.

[bobwallace]

There is no "EV Market". There is a car/truck market. Tesla, BYD, and other EV makers are taking market share from ICE manufacturers. It really does not matter if Tesla turns out to be the second or third largest global vehicle manufacturer. What matters is that Tesla continues to grow and manages to maintain their profitability.

[christopherbeyer]

Add up the next 10 Chinese EV makers and you get another 2 BYD’s.
Westly is talking his book and is no doubt seeing the writing on the wall but attempting to diminish the massive challenge Tesla has in China, and soon to be Europe.

[andrerodriguez]

I see no ramping up of EVs in the US. Only tesla is ramping up in the US. In 5 years Tesla and China will be making all the EVs.

[chimbatete]

CNBC shpuld do a deep dive in how GM, Ford, VW, Honda, BMW even Toyota wil go the way of Blackberry in a decade.

[ken-mbcp]

They let an honest person speak for a change.

[chimbatete]

Someone knows what they're are talking about. CNBC host shookt!

[emmett]

By definition -- supply issues -- are NOT DEMAND RELATED.

[taylor]

I’m hoping this leads to a larger dip so I can load up on some Tesla under 200

[atticuswalker]

Cant wait for dojo to start taking amazon share of the computing market.

[richardbowler]

Yeah, this guy obviously has a million shares of Tesla. Duh!

[tommersch]

Time to pony up, EEElon.
I've got the horse right here,
its name is Paul Revere....

[erlinavicente]

Hmm...anyone else pumping? Let's see portfolio down 75%, should I buy a new car or pay my rent/mortgage. Actually, damn I need 50cents more to buy that walmart bread that now cost $1.49

[ps]

Sell Tesla shares. It is only worth 200b

[hangender]

Err...no. byd was never a challenger, and definitely not now after the chips ban

[kokwahtan]

Warren buffet bought BYD shares yrs back. But not a share of Tesla.!, ..??? US make him rich, but he invest in a competitor EV maker, against Tesla.

[AZ-hjym]

Chinese worship Tesla . Tesla will be just fine.

[MOBMJ]

Scott is so negative and everything. As a long-term Tesla shareholder, you should not be worried about the short term sells to find the Twitter deal if you were long and you have a long time horizon, then who cares about that. You will just keep on buying more of the lower it goes down.

[DragoBTC]

Oh no, growth in a rate hiking, sky high inflation year shrunk from 50 to maybe worst case 40%....sell sell sell! 🤣