Part 4/7:
Turning to China, Brian discusses sales fluctuations that indicate deeper market dynamics at play. After a dip in early May, Tesla's Model Y rebounded to reclaim its best-selling status. While BYD remains a formidable competitor with a wide range of models, Brian argues that comparing a diverse portfolio to Tesla's fewer options may not yield a fair assessment of their market strength.
Moreover, there are whispers of financial distress plaguing BYD, with discussions on their extended payables raising concerns. However, skepticism persists concerning the validity of these claims, as many negative reports about BYD have come from sources accused of bias.