TSLA is only big elephant in the room
$Tesla Motors(TSLA)$ In the Chinese Market Tesla and BYD$BYD COMPANY(01211)$ $BYD Co., Ltd.(BYDDY)$ have pretty much split the bulk of the EV Market down the middle with VWGN a distant third, although they are stronger through other parts of Europe.
Tesla Needs to open a second Gigafactory in or near the Chinese Market to really take them by storm because it is the largest EV Market in the world with it's people WIDELY Accepting the concept of driving an EV at somewhere near 82% vs in the US where it may be as low as 26%. Tesla Really needs to focus on this market.
TSLA's price cut is working great. BMW series 3s, 5s ,7s sales down so bad. MBZ series C, E, S do not move. From the parking lot, the salesmen walk around without customers. European cars will be down at least 10-15 % this year. I believe that TSLA hits the competitors at the right time.
I think 1st Q number will prove that TSLA is only big elephant in the room. It is time to make a move, rushing smaller, under 25,000 dollars to be built in 2024 if possible. I guess Model y will hit the upper S curve in two years. Another target is pushing MEGA PACK at lightning speed.
TSLA does not have to deal with Demand issue, competitors has tons of debt. MEGA PACK will be the big money makers within two years. I think it is about time for TSLA to deal with the raw material.
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