Tesla price cuts made possible by battery costs plunge as it decimates Chinese automaker margins and worker salaries

[Redaktion]

CATL has cut LFP battery prices by 20% in the past few months alone, allowing Tesla to continue its price war that is still destroying the profit margins of Chinese automakers. Nickel-based batteries have also fallen in price significantly.

https://www.notebookcheck.net/Tesla-price-cuts-made-possible-by-battery-costs-plunge-as-it-decimates-Chinese-automaker-margins-and-worker-salaries.746985.0.html

[Drew]

Who the hell is writing these articles? The title is incomprehensible word salad hell and the body is rife with grammar and spelling errors. I would have said this was an example of generative AI mis-use in journalism but at this point generative AI would have done a better job.

[Laird Popkin]

This is how competition works. The Chinese EV market is highly competitive and price sensitive, and there are too many EV makers to survive ultimately. They're past the early explosion of EV companies that jumped into the market, and now they're in the phase where competition is driving down prices, with both Tesla and BYD, the two market leaders, cutting prices aggressively at various times, and that's going to drive some companies out that cannot compete.

[Deng Li]

I'm embarrassed to say but Tesla is the only EV maker in China building quality EV cars. BYD has only survived by stealing research and development from Tesla.

[John Wx]

"Tesla... commence a price war"
Elon musk for the past 3 years has been telling the markets that the issue is "affordability". To that extent he has set in motion a chain of improvements to cut production costs in half. Tesla thus is not engaging in a price war, but is passing on production costs savings to make the car more affordable. In the meantime they retain a very healthy profit margin of 20%, cash that enables them to improve affordability even more. If only the journos would change their emotive language...

[Joe]

Horribly written article. Must have been done by Musk himself or his AI counterpart.

[Glenn Hogan]

Who the hell is writing these articles? The title is incomprehensible word salad hell and the body is rife with grammar and spelling errors. I would have said this was an example of generative AI mis-use in journalism but at this point generative AI would have done a better job.

I actually found the article succinct and understandable.
It would be interesting to see the result of your doing an edit...

[anan]

I too must make note on how bad the grammar is in this article. I am not a native English speaker but the title alone is like an unfinished sentence. It is like someone was writing one sentence but jumped to another midway (just like Donald Trump in his interviews).
On the content - Tesla seems to be feeling the pressure from competitors. That is a good thing since consumers win a better deal. Every other manufacturer is still "investing" in EV development or figuring out production. Tesla has the benefit of a mature manufacturing process and has the leeway to cut costs.

[Ant]

And Tesla buys superior blade batteries from BYD. You know, one of those Chinese rivals they are doing so much better than...

[Jeff in Calif]

I agree. The quality of the writing is dreadful.

[Phil0spohic]

This article was obviously written by a bot with a few failed P/N junctions.

[Jerry]

All this about whiplash commodity prices just highlights how different energy & vehicle markets will be in ~20 years, when almost everything is electrified & we have ubiquitous, very widely distributed energy production, storage & V-2-G charging infrastructure. No more hostage taking, gouging & price manipulation by petro-states  and fossil-fuel & utility monopoly exploiters.

[Aidan]

This is the point of competition...lower prices.  And it is illegal to collude to fix and inflate prices (Uh-Huh), unless Joe Biden is the Puppet for Obummer.

Yep...The Whole Damn Bag of Jelly Beans!

[James rodriguez]

BYD just posted record profits and is running a higher profit margin than Tesla YTD.  This article is simply wrong.