Post AVtjSaAS6rMRa6ReRE by mpjgregoire@mamot.fr
 (DIR) More posts by mpjgregoire@mamot.fr
 (DIR) Post #AVtiQW7G6OiITyP10a by mpjgregoire@mamot.fr
       2023-05-22T01:07:45Z
       
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       Cheap Chinese Electric Cars About to Upend the US Vehicle Markethttps://www.businessinsider.com/cheap-chinese-electric-cars-will-upend-the-us-vehicle-market-2023-5#ElectricVehicles#BusinessInsider
       
 (DIR) Post #AVtiQWuBAVqSvhI5GC by jeremiah@noagendasocial.com
       2023-05-22T01:24:49Z
       
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       @mpjgregoire EVs haven't really upended the market, so Chinese EVs are unlikely to do much more than upend the US EV market, which is entirely made with Chinese parts and materials, often in China... so?
       
 (DIR) Post #AVtiXw0QF8ZKnyk3DU by mpjgregoire@mamot.fr
       2023-05-22T01:26:09Z
       
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       @jeremiah To be honest, I'm mostly interested in what this will do to the #TSLA stock price.
       
 (DIR) Post #AVtihjfWxz7XRFdx44 by jeremiah@noagendasocial.com
       2023-05-22T01:27:56Z
       
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       @mpjgregoire he's one of the Chinese manufacturers via Gigawhatever in Shanghai.
       
 (DIR) Post #AVtis9VFlok2SRnrjU by mpjgregoire@mamot.fr
       2023-05-22T01:29:48Z
       
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       @jeremiah According to the article, BYD will sell more EVs in 2023.  So yes, Tesla is in China, but it's not the most important player.
       
 (DIR) Post #AVtj4w0rEocANogHx2 by jeremiah@noagendasocial.com
       2023-05-22T01:32:08Z
       
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       @mpjgregoire but Tesla has name advantage here, labor cost advantage there. " " " Japanese manufacturers.I would think their "market takeover" would be more likely achieved by the outsourcing of manufacturing to them / badge engineering their products for domestic sale by established manufacturers, as Ford and Apple have done with their Asian sources for decades.
       
 (DIR) Post #AVtjSaAS6rMRa6ReRE by mpjgregoire@mamot.fr
       2023-05-22T01:36:20Z
       
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       @jeremiah I don't think Tesla's going away.  I do think a P/E ratio of over 50 is very high for a car manufacturer, even one with high margins and a high growth rate.  Greater competition would tend to bring their valuation down.