this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] zabadoh@lemmy.ml 27 points 1 year ago (3 children)

The moment those Chinese EV startups enter the US market, Tesla will be in real trouble if they don't have their product quality image problem fixed by then.

It'll be like Detroit's Big 3 automakers tanking when small fuel efficient Japanese cars landed in the 70s oil crisis.

Assuming those Chinese EV companies don't have their own quality problems...

[–] Coreidan@lemmy.world 2 points 1 year ago

china sucks worse then Tesla. Everything they build is cheap crap that falls apart. Last thing I’d ever do is buy some pos from china

[–] Ghostalmedia@lemmy.world 1 points 1 year ago (1 children)

They’re already in the states. Example: Volvo / Polestar

[–] ramble81@lemm.ee 3 points 1 year ago

Big difference there. Volvo may be owned by a Chinese company but they're made in the US and Europe (except the S90) and are designed by Swedish engineers. That's like called Jaguars and Land Rovers Indian since they're owned by Tata.

The cars that GP are referring to are entirely designed and built in China.