Fuddyduddy1952
Elite Member
- Joined
- Aug 10, 2022
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- john deere
Interesting:
OMG!!! There is at least one poster who will have a heart attack if a POS Kia beats out Tesla for Word Car of the Year award.I don't hate Tesla or Elon Musk.
MSN
www.msn.com
China’s brutal EV war forces BYD to cut starting price for its flagship Tesla Model 3 competitor
Wedbush Securities tech analyst Dan Ives returned from a trip to Asia this month with good news—the brutal war for control over China’s EV looked like it was subsiding as prices bottomed out.
“There is a sense from industry checks within the country and region that many of these price cuts are starting to subside into spring/summer, which is good news for Tesla and the EV industry,” he predicted two weeks ago.
But ‘starting’ may prove to be the operative word as Elon Musk’s arch rival, Chinese EV maker BYD, just lowered the bar to purchase its flagship Seal EV sedan, a contender for 2024 World Car of the Year.
According to a report by motoring website CnEVPost on Monday, the Warren Buffett-backed carmaker cut the asking price by 10,000 yuan to 179,800 yuan ($25,000), a reduction of 5%.
BYD then went on to double that to 20,000 yuan for two of its higher trim Seals. Finally, the top-end version with dual motors for all-wheel drive now retails for 249,800 CNY, or 30,000 less than what was previously asked.
Positioned for more affluent customers, the Seal is one of China’s best bets for conquering western markets. Alongside the Kia EV9 and Volvo EX30, it is one of only three contenders that could drive away with the top prize when the World Car of the Year jury announces their awards at the New York Auto Show on Wednesday.
Well, he's not always right, just read an article where Berkshire Hathaway bought Stoneco ltd at IPO and it's down 48%. They sold according to the article.OMG!!! There is at least one poster who will have a heart attack if a POS Kia beats out Tesla for Word Car of the Year award.
But seriously, we are not getting the whole story. Buffet does not make many bad choices and he is riding the BYD horse in this race...not Tesla. Interesting.
Interesting:
And the $25K savings buys 300K miles of gas at $3.50/gallon!OMG!!! There is at least one poster who will have a heart attack if a POS Kia beats out Tesla for Word Car of the Year award.
But seriously, we are not getting the whole story. Buffet does not make many bad choices and he is riding the BYD horse in this race...not Tesla. Interesting.
Is all about building a straw man "emergency" so dire Capitalism and freedom must be set aside so those who are smarter and more enlightened than the productive masses may rule unhindered.So strange to me the mandates, the tax incentives is all about emissions yet that's the last consideration! How messed up is that!?!