22-11-2023, 11:09 AM
![[Image: JcZ8mrl.jpg]](https://i.imgur.com/JcZ8mrl.jpg)
2 yrs ago Elon Musk's Tesla was so pumped peopel say it will reach $1000 today. Forward to today the stock ja languishing jn a downtrend and still expensive. The ato market is ultra competition...almost every country has jnterest to go into the EV market and build there own car. Just like traditiknal petrol cars nk different. Vietnam has its own EV called VinFast whose cars are reviewed to be cheaper and better than Tesla.
China itself has more than 20 players. World wide traditional auto makers like Toyota and Volkswagon are going to roll out and retook to produce EVs.
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China holds all the the key components from battery to self driving technology. Suppose malaysia wants to produce an elextrict car it can just buy the key components and assemble everything jn malaysia and brand it Troton....
There's no barrier of entry.
Even Xiaomi, Apple and Huawei wants to go this market as part of its connectivity business. An EV connected to 5G and entertainment and to other devices provide the value add.
In he end this market will be like petrol car market but more commoditized because ab electric engine is much simpler than petrol engine . ..there is going to be little gap and differentiators among offerings.
Long run Tesla will facing pressure on margins and market share.