BYDDF - Tesla: Tariffs On Chinese Products Won't Save The Company
2024-06-15 09:18:15 ET
Summary
- BYD is challenging Tesla's dominance in the electric vehicle market, surpassing Tesla in sales, technology, and global reach.
- China is rapidly advancing in the field of humanoid robotics, with initiatives like the National Humanoid Robot Innovation Center and impressive prototypes like the GR-1.
- Despite potential tariffs, Chinese companies like BYD and Fourier Intelligent are likely to prosper at the expense of Tesla.
Preamble
Close followers of Tesla, Inc. (NASDAQ: TSLA ) will have noticed that tariffs on Chinese EVs are popping up all around the globe, well in Europe and the US anyway. The idea is that certain countries reckon that Chinese EVs are too cheap and so national car makers need some kind of protection, or a “level playing field.”
And no doubt, when Tesla introduces Optimus, which I have covered previously in my article titled, “ Tesla’s Optimus To The Rescue ,” I’m guessing there will be brand new tariffs on Chinese robots too....
Tesla: Tariffs On Chinese Products Won't Save The Company