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In 2011, Elon Musk was asked about chinese company BYD. He started laughing. In 2025, BYD sold more electric cars worldwide than Tesla (cdn.imgchest.com)

submitted 3 days 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 3 points 2 days 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 4 points 2 days ago

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