Part 7/11:
One of Tesla's most significant competitors isn't traditional automakers but Byd, a Chinese EV manufacturer that already leads in production capacity and scale. Byd's focus on affordable EVs makes it a formidable rival, pushing Tesla to deliver vehicles with exceptional value in order to maintain its market leadership.
The Key to Success: Cost Reduction and Innovation
A recurring theme in Lee’s analysis is that the success of Tesla’s 20 million vehicle goal hinges on cost reductions and manufacturing efficiencies. It’s not merely about launching new models but ensuring they are profitable at scale and cheaper to produce than existing alternatives.