The Fin Has Elon Musk crashed Tesla out of the EV race?
8 snips
Apr 2, 2025 In this discussion, North Asia correspondent Jessica Sier shares insights into the rapidly growing Chinese EV market, emphasizing BYD's remarkable rise and its recent revenue triumph over Tesla. Motoring expert Tony Davis dives into Tesla's current struggles, linking declining sales to public discontent with Elon Musk's political views. They also explore the potential game-changer of a five-minute battery charge and evaluate the future investment prospects for both Tesla and BYD in a fiercely competitive landscape.
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Buyer's Remorse
- A Tesla owner, appalled by Elon Musk's actions, expresses regret over their purchase.
- This reflects a broader sentiment among Tesla owners disillusioned with Musk's political stances.
BYD's Ascent
- BYD's revenue surpasses Tesla's, signaling a shift in the EV market.
- Musk's controversial politics and slumping Tesla sales contribute to BYD's rise.
Musk-Driven Decline
- Tesla sales are declining due to public anger towards Elon Musk's politics and actions.
- This anger manifests in protests, vandalism, and negative brand perception, impacting sales and stock ratings.