How does Tesla make money in China?
Per article, car price tags in China are much lower than in the US. How the heck are the making money this way? https://fortune.com/2023/10/01/tesla-china-revamped-model-y-no-price-increase-byd-competition/ #tech #tesla #twitter #x #google #meta #amazon Microsoft #rivian #ford #ge #gmc##
Tesla faces such fierce competition in China that it’s offering a revamped Model Y with no price increase
Fortune
Microsoft feddfff Oct 1, 2023
Labor costs are lower Supply Chain are cheaper
eBay dBaySucker Oct 1, 2023
Subsidies by the government
Tesla widewide Oct 2, 2023
Besides the costs, it’s also because of the Carbon credits they get by making EVs. Companies who make gas cars need to guy credit from Tesla and other EV company for each car they made
Google 🌳50 Oct 2, 2023
Status symbols and conspicuous consumption
I’m guessing the workers in China make cars at a faster rate and get paid a lot less.
Are you serious? China has most efficient EV car supply chain in the world. If Elon failed to have Shanghai gig factory, I guess Tesla would have been broke. 😅