....does not bode well for spot lithium price, does it?
....all those projections showing rising demand for EVs are going BYD's way. They have their own lithium source of supplies that can and will be supplied at low and at cost price without due regard for need for lithium mines to make a profit, because they own them.
....Robotaxi won't be launch anytime soon in US, not helped by recent Tesla crash and increasing scrutiny over Elon Musk and his companies. Robotaxi is Elon's plan to 'monopolise' the US car market by game-changing car ownership to PAYG Car-as-a-service. With its introduction, there would be less need for cars, meaning the domestic car industry would shrink, tariffs on foreign cars would shrink and car industry unemployment would rise. Why would there be a real incentive for Trump to see its success?
....Robotaxi is Tesla's escape route from a declining sales growth, if it can't move, Elon would need to find another exciting catalyst to maintain his devoted cult base belief/conviction.
....to me, Tesla at PE of close to 150+x is a short but because it is such a cult, it does not pay to do it.
BYD vs. Tesla is barely a contest in EV sales. #BYD is far ahead and now leads in net income too. Tesla is falling, with an aging lineup and thin pipeline, aside from the Trump feud. Elon Musk is betting all on self-driving, with the Austin robotaxi launch soon. https://x.com/IBD_ECarson/status/1931405803073736876
