Tesla’s Europe sales drop nearly 45% amid row over Musk’s Trump links
Tesla’s Europe sales drop nearly 45% amid row over Musk’s Trump links
www.theguardian.com
Tesla’s Europe sales drop nearly 45% amid row over Musk’s Trump links
9 comments
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The Hong Kong-listed company has a market value of about $160bn, up about 50% so far this year. Tesla is valued at $780bn despite a share-price plunge
It's absolutely insane how overvalued Tesla is.
Byd is selling more cars has higher revenue, and has recently announced worlds fastest charging system by far.
Tesla growth has stopped already 2024, while Byd is still growing.
Tesla has a snail like development cycle of about 5 years! Which is bad by any standard.
While Byd is more than 3 times faster, and has a cutthroat development cycle of about 1½ year!! (3 years is the industri average)Yet Tesla is still valued almost 5 times higher!?
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Tesla has a higher market share still. This is changing but it's not that quick.
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In numbers it's very close on BEV, But you are correct Tesla still has a small lead on BEV numbers, and probably a lot bigger on value.
On total revenue the article is a bit stupid, because it writes the revenue for BYD in £ and for Tesla in $.This article has it in USD:
https://www.btimesonline.com/articles/173427/20250324/byd-surpasses-tesla-with-record-107-billion-revenue-34-profit-jump-in-2024.htm
BYD = 777.1 billion yuan ( $107.2bn )
Tesla = $97.7bnSo BYD is bigger on total revenue, and total cars sold, and also EV if hybrid plugin is counted too.
The article I link also states the company as registered at Shenzhen stock exchange which is correct, while OP article says Hong Kong which is incorrect.Anyways, Tesla is dropping like a rock in Europe and China, while BYD is just starting on the European market, and had 34% increase in profits in 2024.
I'm not a particular fan of BYD cars myself, and nobody in my neighborhood wants a Chinese car, but they seem to be doing extremely well as a company, and they are definitely helping the prices getting better here. 😀
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Eat that with some french fries and a paella, Elon
9 comments