Musk says China EV companies will 'demolish' competition: Fmr Tesla board member
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- Опубликовано: 25 янв 2024
- Former Tesla board member Steve Westly reacts to the beaten stock price following Elon Musk’s warning of a production slowdown in 2024. #foxbusiness
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"I will never buy Chinese stuff at Walmart". That's what Americans said 20 years ago.
They still say that but end up buying anyway because prices are cheap. Money matters.
They are still saying that now. They never buy them, they just take them off the shelves and walk out😂
Yep… and now 80% of all in their homes is Chinese made or assembled with Chinese parts.
People who say that are rushing to place order..for BYD cars...in Australia....
Not chinas fault when Americans wants $25 minimum wages! Factories relocates else where.
Few years back he was laughing at BYD...
@@djthebest4159right about what ?
Really??? NEVER !@@djthebest4159
Is it called “Arrogance”?😮
That is the reason we shouldn't have to show other people down.
Like Blackberry or Nokia did to iPhone. A decline's sign.
All the people who drive American junk will really be surprised how cheap the Chinese EVs are and better quality.
We scream in comments social media, if anyone enter $ store Walmart the crowd
what we make working 40 hours after paying the tax for financing the Ukrainian and Israeli war in near future we want be able to buy Made in China, may India
You cant even get chinese made vehicles in america easily. Also youre delusional if you think they are better
Yeah, and risking yourself becoming a commie. No commie allowed in my backyard, no EVs on my sight. Give me more the dinosaur juice, give me the FREEDOM from the Red China communist EVs.
Because the gvt in China saw EVs as a resource they should get ahead of because it is a alternate energy resource - our gvt could care less about what Elon created for the potential future. Just like every other country takes our creations and resources and see a future in them and help.
@@Idkidkidkidkidk69The issue is not China government subsidies. It's the manufacturing cost. Everything the west made is overpriced. Take military for instance. Our budget is nearly $900 billion, China is about one-third, Russia is about 15% but they are turning out more sophisticated weapons woth less money than we are. Same with Tesla is vehicles are overpriced. Why is he cutting prices now to compete after selling at such high prices. The Chinese business model smaller profits more quantities sold. The West is more profit less quantity sold. As the world is facing economic slowdown people are paying attention to how they spend their money.
we should allow Chinese EV makers to freely enter US market and testify how they can be successful or not. We can have an answer immediately. Unfortunately the US government doesn’t have the courage to do so…😂
China's car makers will be sued to oblivion by American consumers. You have no idea how often those things blow up and how difficult it is to put out lithium battery fires.
Something about national security, even though its a car lmao
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were valuations were based on future potentials earnings.
I agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my manager comes in, to help me with entry and exit points , I've accrued over $550k from an initially stagnant reserve of $150K all within 14months.
Please can you leave the info of your investment advisor here? I’m in dire need for one
MARY TERESE SINGH
is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
This is the global system we’re told is so great. Everything in the west is overpriced now.
A pack of cigarettes in my are $16.00 bucks. So Phillips Morris is going to bankrupt. Lil
How do people actually afford these expensive electric vehicles? More debt I guess!
because we buy everything from the East
Not over priced they just pay way less to their workers!
@@angelaranda3920you realize the average product costs 2-5x more in America compared to the rest of the world, right?
I always found it interesting that Warren Buffet never invested in Tesla but backed up BYD right from the very beginning
BYD come later than Tesla so it was a good opportunity for low price. He also have shares in Xiaomi and Huawei. Buffet is the greatest investor of all time.
Chinese EVs are not that cheap and nobody trusts China, the American EV maker Fisker that has a stunning Vehicle that starts at 37,500, is the biggest competition to Tesla.
@@ronkonkoma4223 wow never heard of Fisker but they look sexy
@@ronkonkoma4223 they are cheap, look at their other models as well not the direct of competitors of tesla models.
@@jozzieification
Shill.
I hope China becomes #1 in everything making 35trillion yearly so the media and fox CNN MSNBC ect.... have something to talk about this is most important for the next decade
In the past 8 years china contributed more to the world economy than all the G7 countries combined. Thats why CNN MSNBC and indian news media are spreading lies desperately to slow down china. And out of 44 critical technologies in the world China is leading by 37, soon china will also take over the remaining 7 as well. China also has the most "patents" in recent years. Thats why western media and Indian media is getting more desperate in spreading propaganda.
That means communism better than democracy today
American give democracy later china give communism to other countries
Not even BYD vs Tesla,
Sitting on the sidelines is Nio, take a screenshot and remember what i said
Government and unions have pretty much stopped America from being the great country it used to be.
Politicians belong to a union also. That's why they never really go away. They just get moved somewhere else.
Corps bought government to a degree, that is why our jobs went away.
I was saying that 40 years ago😅
Right on the nail.
Corps bought government to a degree, that is why our jobs went away. yes
America has never made cars suitable for other countries Fossil Fuel or Electric.
Competition is healthy.
BYD is doing well in many other countries. We’ve been to the Caribbean and Europe last year and we had BYD as rentals on both occasions.
TESLA outsold BYD in pure BEV in Full Year 2023.
@@markplott4820now imagine if byd was allowed to sell cars in the US
@@AlanSmith88888 - would be NON Issue to TESLA (immune to DISRUPTION), is an Issue for LEGACY auto (RIPE for Disruption).
@@AlanSmith88888 - Administration wont Allow that to happen, otherwise Cannibalize own LEGACY car Industry.
BYD is like Toyota. The most common affordable efficient practical car.
Tesla is like Apple. The most stable reliable self driving car.
BYD - #1 sales #1 battery
Tesla - #1 profit margin #1 self driving
Tesla BYD Mercedes Porches lamborghini are all in ev industry that targets different markets. All of them will make money together.
And I think there's ways to change the system to where the cars last for an extreme amount of time because of the design of the suspension
Define those ways kevin.
But whatever you do, do not run over a bump in the road with an EV. The result will be very expensive.
EV's are great if you're not going anywhere.
lol
😂😂😂
Well, at least you can go to the 🚗 car ! LoL 😂
BEV cost LESS than Carolla to operate.
Actually you can go from charging station to another...
Not long ago cars discounts were 50% off to retail customers in China to get inventory moved and the stuff is still piled up.
Source trust me bro
falungong news? haha
50％😂😂😂😂😂😂
BYD has a huge market!
EVs are dying off already.
you know its a scam when the government wants to mandate it
TESLA produced RECORD and sold RECORD amount of BEV.
LEGACY BEV is in Decline . NO Demand.
EV are the future and Tesla will dominate that future
@@eduardtarniceriu102 not even their CEO believes this LOL
@@bobshagit-io8lqwe are in the future and tesla already dominates
He just sees whos coming for the EV crown
Hes getting older too, maybe past his peak
Nothing better then seeing Tesla shareholders losing money
BYD and Chinese EVs remind me the Japanse cars taking north american market by Stom in the seventies eighties.. many of us now enjoy driving a Toyota or a Honda.
Actually, it's not only Tesla that faces competition in China. Car prices in China are very cheap, this is due to the fact that competition in the Chinese market is brutal and terrible. The Corolla, camry，Civic, slyphy VW's cars should all have the lowest prices in the world. But sales of these cars are still dropping dramatically. This is because there are plug-in hybrids with better safety, better performance, and more advanced technology, more fuel economic cars coming out all the time, but at even cheaper prices than them.
Yeah...EVs' are making a strong performance showing this winter, huh?🤪
I live in Florida and drive a 1000 horsepower electric car that gets the equivalent of 119 mpg. You guys keep on driving the horse and carriage and visiting dealerships every 5000 miles. 👍
@TheMadmax0609 i bet that thing hauls! Who makes it? What kind of ramge do you get out of it? Potentially in the market.
@@jonlough3074 it's a Model S Plaid. I wouldn't recommend buying an electric car if you live in an apartment but if you own a home and have a garage it's a no-brainer.
@@TheMadmax0609 when the electric grid crashes we'll be thinking about you.😂🤣😂
@@TheMadmax0609 the palid is awesome but not quite in the budget. Maybe one of the lower models. How are charge times? I have 240 v in the garage so shouldnt be an issue but i saw something on the new Toyota and the charge times on that thing are abysmal unless you do the super fast one which seems hard on the battery.
Elen Musk is smart enough to offload a big portion of his Tesla share as if he knew this will happen.
I don't want a china EV anywhere near me and mine !!!
Why ; don't you like toys ?! The new China cars will be on sale at Toy Stores all across America !
Chy nuh
We will become like Soviet Union in the early 1980's only Russian made Lada brand, so in future no rich or poor in America everyone will have to drive Tesla
do you think millionaires and billionaires will drive same as you and I
They’re catching fire like crazy
Taslas biggest factory is in China! When Elon laughed at BYD, Charlie Munger said that BYD was light years ahead of Tesla and bought the BYD shares! Now Elon is dependent on BYD batteries for the Tesla factory in Germany, but BYD says no to Elon, it's a paradox! South African Elon has also said that China's democracy is superior to America's!
Will Chinese EVs sell in US? Drop your 27% tariff and you'll find out. The reason why it hasn't doesn't have anything to do with how good they are, but the US tariff shield. But shields are not a sign of strength, it is a sign of weakness.
It's not tarriff, but a straight ban, on Chinese EVs, from the US government preventing Chinese EVsfrom entering the US market, like how US did on Huawei in the communication section.
@@user-fq5vl3fl1b there is no ban..yet
@@user-fq5vl3fl1bi wonder if China would do the same to US EVs
@@Beyonder1987 China won't do it because it is the winner of the competition and doesn't need the ban to help it. Only the losing side of the competition will seek for a ban on the opponent so that it can survive.
@@user-fq5vl3fl1b Yup. America says its all about democracy and competition except when it comes to global terms.
Broke is broke... cheapest one wins.... unless people had a different option.
10yr ago, he said he wasn't worried. What happened ?
Scotty Kilmer warned of this nearly a year ago.
No he didn't . There is no warning . They are cars
He loves Japanese cars . So what ?
Chinese Japanese Korean maje better cars
It's funny how you Americans say no cars from China but 80% of car parts are made in China which is all new cars nowadays
That much our citizen are brain washed by politician
Well BYD can't charge at the Tesla chargers 🤷🏼♂
they CAN in China and EU CCS2 .
They CAN ! WHERE DO YOU LIVE???
LOL AMERICANS ARE SO CLUELESS
25k is still so much money! Especially with these interest rates. Especially with so many people working remote now. I still have my 2008 Impala. I don’t need a car.
Americans do not want battery cars especially Tesla!!! All that profit is from selling carbon credits to Stellantis and not from the revenues from selling their own clown cars!!!
There will always be someone better/smart/rich than you. Be humble and live a happy live!
Musk was very smart to use the EV craze to build a technology company that will ultimately jettison the EV business for this reason. The power, autonomous driving, and robotics technologies are the more important sectors for tesla.
A fun fact , the Shanghai produced Telsla are the best assembly quality in all Telsa factories.
Indeed
EV in America is made for the luxury market. It starts at $40K for a base model with standard range. That’s why adoption is slow. They don’t want working class people to own one.
Will these be real benefits or just more BUTCHERING OF ALL MEANING OF HUMAN SELF DETERMINATION, individual inalienable rights, maximum autonomy and optimal interdependence.
Ford should partner with NIO for battery swap to get to the top.
thats because FElon knows his cars are worthIess LOL
Yeah, that's why the company called Tesla is worthless too, right? It's not worth very much. You've certainly produced more value than Elon. Oh wait you are an insignificant worm.
Hahaha true he stated that Chinese will crush them because they just are to overpriced and is low quality. If this were real free trade they shouldn’t be imposing tariffs or something to stop them. What happened to free markets and competence.
@@aaroncontreras7576 politicians
politicians sold their souls to corporations for stock investments
has been going on forever
By parking one in their lot and burning everything down?
Americans will never but those cars.
No cars from China
Nothing from China
Taslas biggest factory is in China! When Elon laughed at BYD, Charlie Munger said that BYD was light years ahead of Tesla and bought the BYD shares! Now Elon is dependent on BYD batteries for the Tesla factory in Germany, but BYD says no to Elon, it's a paradox! South African Elon has also said that China's democracy is superior to America's! Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighboring countries. The showdown pits the electric car maker's CEO Elon Musk, who's staunchly anti-union, against the strongly held labor ideals of Scandinavian countries.
@@peggywhite93 Probably everything you're wearing and using was assembled in China
Nothing from US
China subsidizing EV because it doesn't have its own oil but can make electricity with its coal and other sources.
Ek number jone fantastic news I will agree 👍 tumhari bato se your afcullutly correct ❤
Not in Cold weather it won't.
TESLA have 1st Class THERMAL system & HEAT pump.
Never should have allowed them to appropriate and copy the IP.
Existing car makers allowed them to pick their pockets.
Amerikain cars have been and will always be crap
Absolutely Slave labour no Environmental laws to be concerned about, EVs are the new way for China to create a new domination. Europes main advantage was automobile industry , EVs need new level of expertise which Chinese companies are already have. Like battery , software , Government support etc.
Communist party, people have no choice.
Taslas biggest factory is in China! When Elon laughed at BYD, Charlie Munger said that BYD was light years ahead of Tesla and bought the BYD shares! Now Elon is dependent on BYD batteries for the Tesla factory in Germany, but BYD says no to Elon, it's a paradox! South African Elon has also said that China's democracy is superior to America's! Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighboring countries. The showdown pits the electric car maker's CEO Elon Musk, who's staunchly anti-union, against the strongly held labor ideals of Scandinavian countries.
They don't use slave labour, their factories are highly robotisized and they use engineers
Interesting how quickly EV competitors are beating Tesla on price. When Tesla has a economy EV how will their efficiency compare. We should know by next year.
It’s better to buy a grossly overpriced good car than a cheaply made bad car.
Take out the state and fed subsidies for each Tesla, and sales will tank. No much better and cheaper Chinese EVs needed.
Nationalize Tesla and arrest Musk
Thank you Elon Musk 🇺🇸🙏🇺🇸.
He said the magic word - India. If that's where Elon wants Tesla manufacturing to be, I want an EV even less than before.
Is it because you think you would purchase a Tesla made in India when there are Tesla factories in the US?
You must have your brain firing on all cylinders.
TESLA will make a BEV for 50% LESS than a RWD model 3 , let that sink in.
@@markplott4820 Aw, you're here to help your little troll buddy? Let this sink in. 🖕
@@markplott4820 Aw, are you here to help your little troll buddy above? Let this sink in. 🖕
@markplott4820 Lol, let this sink in. 🖕
Not without the infrastructure ☝️
When I googled BWD something totally different popped up 😂
big white .....
BYD!! BRO
There are over 300 independent EV companies in China competing against each other, also competing against Telsa and against Japanese and European EV brands. Its capitalism at its finest.
EVS WILL NEVER CONTROL CAR MARKETS IN THE US AND OTHER COUNTRIES THAT HAVE COLD WINTERS.
China has cold winters. Very, very cold winters.
NEVER means only a few more years in the future. Cold resistant battery tech is maturing.
@@outisnemo555
And if you look at the nighttime skyline in Beijing you will see a city-scape of exploding EVs. You can't compare the business model of a Totalitarian Diictatorship with a Democratic Republic like the United States.
@@bin.s.s.
Though Elon Musk is promoting his EV business as the way of the future, there are so many design and implementation problems that scientists and engineers are backing away from the grandiose fantasy once proposed for EVs.
For example:
1| EVs are extremely heavy due to the toxic liquid in the battery pack. That gives tires only about 50% of the wear time of a similarly tasked ICE car.
2} EV's have only a small portion of the mileage of typical ICE automobiles.
3) While you can get fuel for a common ICE car anywhere, EVs are different. For example, traveling 3,000 miles coast to coast in the US requires only a few refills in an ICE (Internal combustion) based vehicle, a typical coast to coast run for an EV will involve 10 to 20 recharges. Also, a refill for an ICE vehicle takes only a few minutes. Conversely, EV's deliver only a few miles per recharge and can take more than an hour per recharge.
4) Current battery packs for an EV are based on Lithium Ion technology which not only takes a long time to recharge but also provides only a few miles of travel per recharge Though Elon Musk is promoting his EV business as the way of the future, there are so many design and implementation problems that scientists and engineers are backing away from the grandiose fantasy once proposed for EVs.
@@outisnemo555 CHINA IS GOING BROKE.
I will drive a gasoline truck because fossil fuel truck can move tonnes better than ev trucks can.
You left out Talon, a probable US supplier of nickel to tsla which may be a game changer.
The EU is currently looking into tariffs and other measures since Chinese electric cars are heavily subsidized and dumped in Europe.
Chinese subsidies already ended in 2022. It's too late. Chinese EVs are already strong and competitive without subsidies now. What is the declining West going to do?
Hardly anyone wants an EV even less want a Chinese EV
UAW just back their own demise. Join the union, lose your job.
I would not have one
You will be seeing cheap Chinese EVs driving around this year and GM and Ford will be bankrupt......you can buy one for a little over $20,000 usd.
According to Cathie Wood, ARK Investing, price of Tesla stock will be USD 2,000 at end of 2024. In another occasion she predicted Tesla stock will go to USD 7,000 in 2024.
If she is wrong, is it time to sell Tesla stock immediately ?
She's in the "humourous stock pumper class" just the likes of Warren Reddlich and SMR. There's nothing wrong with a little entertainment!
Go head sell yours ..
She's never right with Tesla. Look at her funds returns...they stink!
$2000 is crazy for tesla stock, they have too much competition and a general slow down with the ev push in the market
That's what I want, an ev that has a 27.5% tariff and takes a day to charge in -30 degree weather.
Goodbye reliable 1979 Monte Carlo.
At the moment EVs are too expensive, battery replacements are too expensive, chargers are hard to find and take too long, and they lose their famously wonderful performance in cold weather. The cars especially don't work cross-country for those reasons, though they may be OK for people who move about only locally and can charge at home.. And for the green crowd, they have to look to where electricity in generated and what pollution is involved at that end. Finally, I wonder how EV users will be taxed for road-building and maintenance when they're not paying motor fuel taxes.
US car makers were laughing at Japanese cars when they first started. Musk did the same thing with Chinese EVs. Competitions in China is extremely fierce, you do not innovate at break neck and be cost effective, you are toast. Now, Musk and Raimondo are talking about further tariffs and sanctions on Chinese EV because Tesla cannot innovate fast enough?
This same lady was talking about working with EU to slow China innovation back in 2021?
2 things: This is not possible, if there is a will there is a way. China is hell bent on making this happen. (spend your money in creating an environment for innovation in US instead of funding wars around the world) 2. If China was working with Asean or Midde East or Africa and try to slow US innovation, how do you think US and the media will react?
China stay quiet and now dialing this forward, in your face: EV they are the best, chips (they are up and coming both on equipment and 5mm and lower chips), what did Musk said about Chinese work ethics? What did Cook say about tooling and die supplier? They have created a barrier to entry and most of these have path dependencies that cannot be replicated overnight.
US needs to rethink their budgets, stop fundings all these wars and defense, funnel these to foster innovation!
Aint no way in hell I'm driving a Chinese car in America 😂. It won't even pass emissions
LOL
My respect to Elon. But I totally dislike his Teslas and all the E.V crap. There is nothing like a muscle American car.
EV sale will not be sustainable in the long run without proper recycling - will the EV makers sustain the ensuing cost? The future is still hybrids and why Toyota is still persisting with this type of drivetrain.
Binden supporters will be only buyers of BS vehicles
Dis you not see the CLip?!! Japan, RainStorm..... EVs... Blowing up!!! Crazy Sparks explosions and ev stations!!!
Nobody's talking about chinas massive ev graveyards, Chinese evs are worse than the ones here in the States.
Ok tell me
I live in new jersey
I have seen car graveyards in florida , arkansas and even california has massive car dumps.
Can u show me where are chinese graveyards . Over 1 million vw cards are at port u sold as we speak
Kindly show me location of chinese ev graveyards
Name ? Location ?
@@user-xp7nk9dw8d
You know very well that YT will delete the comment. You will find e v graveyards all over China. Those vehicles are new, and they appear to be on the road but, it’s a little scam. You’ll find out when you start searching for the truth about what will happen to these cars. I wish you a wonderful weekend ✌️😊 🕊️🍀❣️
@@gunnarallgottsmannThat was the internet bubble in China, and the failure of car sharing. Most of the car graves in China are Volkswagen and Toyota.
@@hi4806
It’s indeed a bubble brother (f/m). There’s no way to evolve the green energy, it’s just as black as it can get. Thank you kindly for sharing your info with me. I wish you a wonderful, happy and peaceful future 🩷😉 👉🤝 🤗👌 ✌️😊 🕊️🍀❣️
BYD still Lost money.
nobody can compete with China.
Didn't he laugh about BYD years ago?
Most western products are too overpriced ...
as their battery burns
Don’t buy Chinese, easy.😊
You never have to ask if people will buy Chinese. Make cars the best cars we have in the country right now. Are made by the Japanese so of course, we will also try out Chinese vehicles and they will be cheaper than the stuff we buy here.
Tesla has always pitched itself as high end car for the privileged and elite, BYD has pitched itself as a well made everyday car for everyday people. But since BYD has come about Tesla has slashed their prices several times now, that's what competition does, if BYD did not exist, we would be massively ripped off by Tesla.
Tell me something we do not know - this is the case with things manufactured in China and imported into the US. We have sold out the manufacturing sector in the US since the start of the 80s.
I've lost more than 17k in this sliding Tesla stock. I'm becoming confused why I don't sustain profits. The volatility of the market can be frustrating. I'm wondering how to ride this new wave of all time highs without burning myself again.
All this as Americans are affirming they DO NOT WANT EVs. At least Teslas have good range…and the battery drives the cost.
People WANT Tesla , they Dont want CRAPPY Legacy BEV.
Buying a non chinese electric car but only those featuring the 40 year new small nuclear powered battery... No competition in the field of electric vehicles you cannot beat a 40 year electric car.. no charge.. ya right.. hands down the best currently..
American is jelous of BYD
all Evs are a scam so i dont think it really matters , we need more affordable good vehicles and Electric wont be that
I have 2 feet. Good luck 👍
Check number of working hours, salaries, labor contracts,...in China and compare to your place, you will understand
I hate to say it, but I really couldn't care less.Everything is too high in the introduction of cars that only costs fifteen thousand dollars brand new will be great for the united states economy and consumers
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Why AI because we need brainy people but our children can't afford tuition,
so the rich want to keep us free slave
In this situation, the most important thing is that USA and EU can't be to sell cars to China market
Cold air demolishes EVs...
Mr musk you might think that now of the Chinese but I've been thinking about this my entire life and as soon as they became nano I knew I could carry it off I just didn't do it because I scared of it. But there's a lot of things I love you just tell her to tell you about it because I don't want China running this world.
The realisation when Musk realised he should have migrated to China after selling off PayPal…..
Not here in America, EV can't be sold And quit making them 😮😮😮😮
I hope they aren’t depending on me and millions of others like me to support the electric car market!