Tesla loses ground as Chinese EVs dominate global markets
restofworld.org
Tesla was once an EV leader, but now struggles to keep up as Chinese automakers outpace it in sales, pricing, and innovation, especially in emerging markets

BYD took the global EV crown. Now Chinese rivals and local startups are taking over emerging markets.

  • Tesla’s sales are dropping globally, with political headwinds and fierce EV rivals throwing up challenges.
  • New frontiers beckon, but Tesla faces a showdown with savvy local and Chinese competitors vying for dominance.
  • Pricing battles and rapid innovation are putting Tesla to the test, demanding a strategic jolt to regain its edge.
  • shaggyb@lemmy.worldEnglish
    5·
    2 days ago

    For sure.

    A Model 3 from early 2024 really feels 5-10 years behind a 2026 Kia or Hyundai at this point.

    They lost the plot big time somewhere around mid-2022 I think. Would be interesting to learn if Elon started some new designer drug or something around then.

    • futatorius@lemm.eeEnglish
      1·
      7 hours ago

      Even the very conservatively designed Polestar at least has good build quality.