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Elon Musk responds to Tesla-BYD 2023 Q4 production comparison

Teslarati

Tesla CEO Elon Musk has responded to the comparisons being drawn by various media outlets regarding his company and high-powered Chinese rival BYD, which outpaced Musk’s company in terms of production of electric vehicles in the fourth quarter of 2023. Tesla’s factory in Germany only produces the Model Y.

BYD 130
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Tesla (TSLA) drops on bad Chinese delivery numbers that mean nothing

Baua Electric

Tesla’s stock (TSLA) is dropping by as much as 7% – erasing billions of dollars in value today. It’s not clear why, but some are suggesting bad Chinese delivery numbers are to blame. Tesla has heavily relied on the Chinese market for growth in recent years. So the year-over-year comparison is not valuable this year.

Chinese 52
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Tesla Model 3 Performance export fleet spotted in Shanghai Southport Terminal

Teslarati

Tesla China seems to be busy exporting the newly-launched Model 3 Performance to foreign territories. The new Tesla Model 3 Performance is a notable improvement from its predecessor. As per Tesla China’s order page, the recently-launched top-tier Model 3 variant is capable of hitting 0-100 km/h in 3.1

Fleet 129
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BYD issues substantial EV price cut, hoping to erode Tesla sales success

Teslarati

BYD has announced a significant price cut on its electric Seal sedan as the Chinese brand looks to decrease Tesla’s EV dominance in the region. However, as Tesla has rapidly lowered its prices for its top models, particularly in China, BYD has been forced to respond with its own price cuts.

BYD 98
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Tesla price cuts in China drop competitor sales by as much as 60%

Teslarati

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as 13.5

China 145
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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

The Chinese automaker beat Tesla in terms of volume deliveries in Q4 2023 but lagged behind the US electric vehicle (EV) manufacturer in Q1 2024. For comparison, Tesla’s deliveries also declined in the first quarter by 8.5% The Chinese automaker has also had a challenging first quarter. year-over-year.

BYD 125
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Comment on Nio App stops showing delivery wait times as Chinese New Year holiday approaches by John Hanna

CN EV Post

NIO shareholders are told there is reassurance in looking at Tesla's early slow growth of share value, and that the big upturn in TSLA didn't arrive until early 2020. TSLA : (split-adjusted) $1.28 - $14.47 = UP 1030% (July, 2010 to Dec, 2015) NIO's share value growth (ahem) has never followed TSLA's price growth trajectory.

Chinese 97