In the Philippines…
$Tesla Motors(TSLA)$ is offering Model 3s for the equivalent of $41,800. That’s cheaper than $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ ’s Seal EV at $43,900.
But in China, the Seal sells for just $25,000 vs. the Model 3’s $32,000 price tag.
Both units are imported from…. CHINA.
EVs have ZERO TARIFFS in the Philippines. Dealers are marking up BYD to offset the lost revenue due to less need for regular maintenance where they usually gouge owners. Im surprised Tesla is selling at a discount to BYD.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments