Earlier quoted context omitted.
Correct. Tesla just closed another record quarter. And BYD just surpassed them as the largest EV producer in the world. Both of those things are true because the overall market keeps on growing very rapidly. Which means Tesla can break it's own records and yet not be the largest anymore because another company is growing even faster. We're in a major economic down turn because of things like global pandemics and othe…
>Tesla, BYD, and others don't have these issues because they built their EV manufacturing from scratch and have been optimizing how that works for the last ten years. The fact that Tesla and BYD don't have large, entrenched, auto unions to deal with is the biggest factor in keeping costs low.
Both could have easily won the race if they had tried, with the massive financial instruments they had availability, compared to tiny Tesla. Instead, they kept them as compliance cars because they 'had' to and continued to push for larger gas guzzling models with more profit.