This is a postitive move for Tesla; buying electricity from Tesla will increase Tesla's profit; I'm sure they will have to pay more as compared to Tesla EVs
General Motors to sell adapters to use Tesla's supercharger EV network
Yes, it is still the premium EV to buy; why would anyone want another Chinese EV when Tesla has proven to be the leder worldwide. That's the mindset of the local Chinese EV buyers
China EV Insurance Registrations for Week Ending Aug 11: Nio 3,300, Tesla 15,500, Xiaomi 3,500, BYD 75,800
Great review and insight. There is still the enerhy business which is a hidden benefit -- and the ramp up of their batteries and cheaper batteries in China will help the Megapack when their new China Megapack factory goes full swing. It's ramp will be similar to how fast they can build their factories and the availability of lower cost materials and labor will greatly help in the mid to longer term
Finally, everyone is now aware of what is happening at Tesla.
Tesla is expected to report one of its best quarters in China, according to the latest retail sales data. The company's growth pace, however, is yet to catch up with BYD, which outsold Tesla by more than five times in the January-February period
Makes good commercial sense to increase sales since Tesla Shanghai has the lowest cost position; adding volume helps lower overall cost. This will greatly affet their competitors who are already losing money on every sales. This is also a test for Tesla to see how far their competitors can support lowering of their price and how far they can affort to lose. This will greatly reduce sales of others beside Tesla. Besides Tesla has an abundant orders from Asia Pacific, and they can ship their addtional production volumes to Asia -- as it is only a very short distance from Shanghai. Great strategy by Tesla China
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