$XIAOMI-W(01810)$ Just one mor

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$XIAOMI-W(01810)$ Just one more competitor to add to the pack. Xiaomi is going to be selling at a loss which is bad news for everyone else. The car business is cutthroat and there are a few dozen other companies with new models always coming for your lunch. That's why car companies have P/Es of 10. Except for Tesla. Tesla is pushing 85 with EPS dropping to 2 bucks. The "50% growth" and "20 million vehicles per year by 2030" turn out to be just so much nonsense. The battle is just beginning and it's going to get worse.

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CrystalRose
·05-10
Xiaomi entering the car market adds more competition.
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