4mo ago

BYD's $10,000 Seagull EV was its top seller last month and now it's headed overseas

Musk was adamant that low cost EVs were a waste of time. But high quality low cost EVs have a chance to change the world for the better.

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Tesla keeps promising, while BYD keeps delivering.
- But for some reason every time Tesla fails to deliver, their stock price goes up?
  Then when BYD delivers what Tesla promised, it's Tesla's stock price that goes up again.
  
  Meme stocks are a helluva drug.
  
  Obviously Tesla is going to deliver next, so if I buy their stock now I'll be in early & make a bunch of money!! 🤡
I think low cost EVs are the perfect vehicles for the electric transitions. You needed some flagship model like the Tesla Roadsters at first to make EVs cool, but a cheap EV means you can have it as second vehicle for a family and don't have to worry about range anxiety, because you still have your monster gas guzzler available.
Then, over time, you realize you never use the monster gas guzzler anymore because 99% of your trips are well withing EV range. The main problem, then, is that nobody will want your monster gas guzzler any longer.
- And if the charging network improves and you're able to charge while grabbing dinner or parked at the concert, bada bing bada boom
  
  Might a PHEV suit your requirements?
- Cash for Clunkers part 2, electric boogaloo? Greenbacks for Guzzlers?
  
  Simoleans for less oil in..
- I would argue that plug in hybrids are the better transition vehicle since they eliminate range anxiety while showing the public just how cheap driving an EV can be, since 80-90% of trips could be electric only.
  
  Unfortunately, PHEVs are actually way more expensive than EVs in some cases. We were looking at some Toyotas recently, then fully EV kias. Probably due to the ICE and EV drivetrains.
  
  I got myself a plug-in hybrid for that very reason - but I am single. I would think a couple with kids would probably prefer a dual vehicle setup where one is long range (hybrid potentially counts) and the other one a cheap EV for running daily errands.
  Right now, batteries are so expensive that they eclipse the weirdness of having two separate engines in a car. I would think we'll soon see much cheaper batteries, and then the cheap EV will potentially end up being a lot cheaper than a hybrid.
Tesla builds cheap EV, they just sell them at inflated prices.
- As a owner of a model 3, I very much agree with that statement.
- Raw parts on cybertruck are estimated to cost around $23,000. They likely have the model 3 and Y's under 15k easily by now.
  If there is a reason Tesla is worth all the other car companies value combined it's because they have convinced people to accept such a ridiculous mark up on these vehicles.
The Seagull EV, which is being sold under the name Dolphin Mini, is already being sold in several countries, including Mexico, Colombia, the Philippines, and Brazil.
Kinda already available overseas according to the article.
It's almost like Elon likes money

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