We discuss how the luster has been lost at Tesla, which has not produced a new model in 3 years, is getting crushed in China by BYD, and faces continued headwinds in the US as EV adoption rates are slower than expected.Tesla is well placed in the US market, and their aging models are still viewed well. So, even if the competition starts over the next two years, Tesla would still be fine. In the US market, persuading people to buy EVs is a more pressing matter, so the market grows. Tesla has an edge against the EU and US peer groups as well. However, the future is China, and they are struggling there.
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Tu Le is the Founder of Sino Auto Insights and the Co-Host of the China EVs & More Podcast. Taylor Ogan is the CEO of Snow Bull Capital, a green and high-tech hedge fund.
