Tesla is undoubtedly a very interesting company. It is probably still an EV car company from every possible angle. But that doesn't just come with the territory - they must have a recipe. And they do. And Elon Musk has just revealed it to us,
Tesla $TSLA is often considered the best and most powerful car company in general. What is certain is that the electric car manufacturer has managed to gain a considerable lead over all its competitors in the West. Not so much in Asia, but that's for another article. Elon Musk is extremely afraid of BYD. Will this company bring Tesla to its knees?
According to the data, its share of the global passenger EV market was 13% in the third quarter of 2022. Volkswagen, the second Western automaker in terms of passenger EV sales, has only a 4% market share.
Apart from Chinese carmakers, especially BYD, whose main shareholder is legendary investor Warren Buffett, Tesla has almost…