How Tesla Planted the Seeds for Its Own Potential Downfall
The Daily
The Impact of Tesla on Chinese EV Companies
Chinese EV companies like BYD have focused on surviving in the Chinese market while steadily improving their products. Tesla's entry into the Chinese market played a crucial role in training talent for these companies. Many former Tesla employees now work for Chinese competitors. BYD offers ultra-cheap EV models like the Seagull, priced at around $10,000, which is significantly lower than Tesla's models like the Model 3 and Model Y. The key to BYD's lower prices is simplification, as their cheaper models have less range and fewer safety features than Tesla's offerings.
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