Is Tesla selling at a discount to BYD?
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.
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