Can't you also name this brand. The majority of the people here know it anyway.
Funnily enough the TSLA stock is 800 billion and the BYD stock is 75 billion.
this post was submitted on 30 Dec 2023
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Funnily enough the TSLA stock is 800 billion and the BYD stock is 75 billion.
That's because Tesla is extremely overvalued, because Musk is a con man, who promises Tesla will lead AI for fully autonomous driving, and basically promises that when that happens, it's nearly infinite money. In reality they are currently #4 at best in AI for self driving.
I'm guessing BYD is valued more by criteria similar to VW and Toyota.
PS: Yes I know half of infinite is still infinite. But I hope you all understand what I mean. 😋
Tesla stock is a pyramid scheme.
~~Tesla~~ stock is a pyramid scheme.
~~Tesla stock~~ capitalism is a pyramid scam.
Though when you look at income distribution it looks more like the Burj Khalifa in a desert.
Many yes, but basically those who don't pay yearly dividends. Which is a ton of them.
Which are the 3 better self driving ai?
Mercedes, Waymo and GM are all ahead for sure, despite having a setback recently in their testing. But there are others that are likely ahead too, like BYD, Nissan, Nvidia and MobilEye.
My guess is that Tesla probably ranks 6th currently, but they for sure is no higher than 4th.
PS I don't know why you got negative feedback? It's a fair question.
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Can’t you also name this brand. The majority of the people here know it anyway.
It's literally the original headline from the article, which is considered good posting ethics. Why would you want posters to editorialize headlines?
How would that majority here know it? I assume most here aren't Chinese, and these cars are pretty new to most markets outside of China.
I personally had never heard of them, so thanks for mentioning the ticker so I could look it up.
I see a lot of BYDs in the street here in Istanbul. They are everywhere.
Huh, looking it up it looks like they're in a number of countries. So they're not quite big enough to make my local news, but big enough to be distributed throughout a number of countries.
What are each of their earnings and prospective earnings?
Market cap isn't 1:1 with units sold
Teslas sept 2023 q3 operating margin was 11.18% and peaked at 16 before all the cuts. This is while ramping 2 factories.
BYDs latest seems to be 5.33% and peaked around 9.5 in 2018 and has been under 8 since. I don't know what BYDs factory ramping situation is.
Ford for the past couple years has hovered a little above and below 4. Was worse further back.
Honestly? Good.
Maybe this will actually push EVs to be the most common vehicle type.
Ya a lot can happen in 10 years.
In the 10 years since, Musk has changed his tune from one of derision to one of respect, saying in May: "That was many years ago. Their cars are highly competitive these days."
This is something to keep in mind because he has kept the same car designs for a decade. BYD has continually updated their hardware and designs. Musk isn't leading Tesla; he's at the helm while it coasts along, losing the momentum needed to move into the future.
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Pay wall, but AFAIK they aren't past Tesla yet, all these comparisons include PHEV.
That said, it's believed they may pass Tesla in 2024 for pure EVs
PHEV?
Plug in hybrids electric vehicle.
Gas engine + battery
@boem
I'm trying really hard to care about that.
But I think I'll just just say: 中华人民共和国万岁 !
Fuck China
Look, another racist!
Lol, that's plenty to not like about China besides color of skin.
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