110 sats \ 1 reply \ @Coinosphere 22 Feb
All this tells me is that the Chinese like their own EV manufacturers.
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20 sats \ 0 replies \ @SimpleStacker 22 Feb
This. I was in China recently. EV showrooms were everywhere, but mostly from local manufacturers like BYD
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109 sats \ 4 replies \ @kr 22 Feb
i suspect tesla is playing a big role here.
after rivian’s Q4 report yesterday, it’s becoming obvious that tesla is in a league of its own when it comes to EV adoption.
Tesla is to EVs what Bitcoin is to crypto.
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101 sats \ 1 reply \ @anon 22 Feb
At the risk of sounding horribly cliche, in EVs it is possible there may be no second best - at least in "western" countries. Time will tell. But people should at least stop buying EV penny stocks because they will "be the next tesla" when they're looking likely to soon be bankrupt.
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0 sats \ 0 replies \ @kr 23 Feb
yeah fwiw, i think there will eventually be a second best automaker just like google has made up ground on apple in the mobile phone game. but none of the ones that exist today are even close.
the difference with bitcoin is that i suspect every passing year makes it less likely that a second best will emerge.
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0 sats \ 1 reply \ @arrivederci 23 Feb
Your comment indicates that you haven't been keeping up with the Chinese EV market.
I'm a very big admirer of what Tesla had done in leading the way with the development of EVs but the Chinese are moving quickly to catch up. And they already own the EV battery market and are leading the way in new battery technologies and the refinement of existing ones.
So no, Tesla won't be the EV Bitcoin. There is some network effect from their extensive charger network but auto-manufacturing can not have only one winner, as 'crypto' is destined to have.
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10 sats \ 0 replies \ @kr 23 Feb
tesla is worth $600 billion.
please show me a chinese ev company with a similar valuation today.
as i mentioned above, i expect someone to compete with tesla over time, whereas i don’t expect the same for bitcoin. but today, tesla is in a league of their own.
you could make a good case that tesla’s dominance in the EV market today is even greater than Bitcoin’s dominance of the crypto market.
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0 sats \ 0 replies \ @TheBTCManual 23 Feb
Lol soo BYD vs Tesla and which government gives their EV manufacturers the better tax breaks
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0 sats \ 0 replies \ @arrivederci 23 Feb
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