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In 2011, Elon Musk was asked about chinese company BYD. He started laughing. Last year, BYD sold more electric cars worldwide than Tesla (cdn.imgchest.com)

submitted 1 day ago* (last edited 1 day ago) by Wursi@lemmy.world to c/videos@lemmy.world

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You can't make this up.

https://www.bbc.com/news/articles/cj9rjwpvmpzo

https://www.cnbc.com/2026/01/02/chinas-byd-to-overtake-tesla-as-worlds-top-ev-seller-for-first-time.html

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[–] lemonSqueezy@lemmy.world 1 points 18 hours ago (1 children)

The american companies are ok with it because of capitalism. The executive team gets a generous salary, bonus. Or they believe that they are ok with giving away decades worth of engineering research and development for cheap labor, and that at the arms race American engineering will always be one step ahead, so they will never lose market share.

[–] lemonSqueezy@lemmy.world 3 points 18 hours ago

They reaffirmed Musk that he's the King, but in the long game, they already have the Queen.