What's the edge they have over Chinese EV cars. Elon visiting India also seems to be a desperate move to show growth
Given the latest layoff news and betting highly on robo taxies, feels like it's over for the quite arrogant leader and his company
Yes and No!
Tesla, as an EV brand, has a good future, but at this point in time, they are struggling to compete vs. Chinese EVs due to enormous subsidies. Basically,
Chinese EVs have been subsidized by their taxpayers' money as Xi Jingping want to allocate government funds for green energy manufacturing like batteries, EVs and Solar panels. Basically , China give easy capital , free electricity , etc to promote their exports which was until recently been used for unproductive investments like 8-lane road to nowhere , or building large amounts of apartments (checkout ghost cities in China). The real estate alone contribute 30% of their GDP (which itself is highly inflated!)
That being said, governments around the world (EU, US, Brazil, India) are all trying to slap anti-dumping tariffs on Chinese made goods, and it could have a huge impact on Tesla. If that transpires, Tesla would be competitive again. Until then, they have to lie low and have to cut costs to compete vs. subsidized Chinese made EVs, which is decreasing their margins
Chinese EV indeed has cracked the production advantage which tesla had. (No surprise though, CHINA). But I’d like to emphasise on the charging network which Tesla has across europe and US. For now, It’s miles ahead and could take some time for others to catch up.
I heard about tesla opening up their charging network for other vehicles as well long back, Not sure about the current status.
We need to reconsider our approach towards electric vehicles (EVs); they represent not just a distant future, but a critical component of our current transition towards sustainable transportation. While the internal combustion engine remains a staple, the shift towards cleaner fuels, such as green hydrogen, is essential for reducing our carbon footprint. However, a recent study by Emission Analytics, a firm that analyses emissions data, challenges this idea. The study, featured in a Wall Street Journal op-ed, brings attention to the problem of particle pollution originating from brakes and tyres in EVs.This revised passage provides a more comprehensive view of the challenges and considerations in adopting EVs, including the importance of addressing non-exhaust emissions for a holistic approach to environmental sustainability. Reference: https://lnkd.in/dPARrdBJ https://lnkd.in/dXGYAxPN
Also, EVs are not cost-effective Initial Cost: EVs can be more expensive initially, ranging from 12-20 lakh rupees, while non-EV variants can be 30-40% cheaper, costing between 7-15 lakh rupees. Resale Value: Combustion engines typically offer better resale value. Warranty and Guarantee: Most brands provide an 8-year or 160,000-200,000 warranty. A warranty is a written assurance, whereas a guarantee is more of a promise. Battery Cost: The price of EV batteries in India ranges from 4.5 to 5 lakh rupees. Maintenance Costs: Maintenance is generally cheaper for EVs, estimated to be 30-40% less than for combustion vehicles. Running Costs: EVs are significantly cheaper to run, with costs being 80-90% less than non-EVs.(We are not fully dependent on nuclear energy; we still rely on coal to fulfil our energy requirements, which means we have a significant carbon footprint) Insurance Costs: Insurance tends to be cheaper for non-EVs. On average, insuring an EV can be about 8% more expensive than a gas vehicle (unknown) Despite these factors, the concern about not saving money and range anxiet
10% layoffs several companies do but news never comes out ..He always tries to push his employees to do work harder so he never gives them job security.
Bro, they are American. That's the biggest advantage
