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Tesla took 10 years to turn a profit and Xiaomi did it in two as YU7 beat Model Y sales
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this post was submitted on 20 Nov 2025
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Just because your source of EV market news comes from Tesla doesn't mean it had a "huge role" in creating the consumer EV market. That's just your bubble. If it was so huge, why's US lagging behind in EV adoption?
Fuck off with every mainstream technology being a push by US media rhetoric. There were countries and manufacturers focusing on EVs long before Eulong put an ad out for it for you to see.
I'm not saying they solely created the market, but they did play a role in making the current EV landscape.
If you just go by sales numbers, I think they had the top selling car from mid 2010s-now. Given the EV market is still growing, I think it's fair to call them a first mover.
For comparison BYD, another long term player and leader in the EV space, took 17 years to turn a profit (if I'm reading their wiki right).
BYD has never turned a profit.
Hmm, looking more closely at my original source it doesn't really state in clear terms. Looking online it sounds like they're making a net profit in 2025, but I can't find any sources older than that.