In fact by Tesla undercutting prices it is eating those tiny margins by its competitor 👏

Those so called China EV will soon land up like Toyota selling more units for a mere 5% net profit margin which is unsustainable using dealership model 🤦‍♀️

Tesla DTC showroom model has proven that you don’t need to spend to market and sell your cars unlike its competitors whose have to shell out more for marketing expenses

not mistaken BYD profit margin is like 1-2%. i probably remember wrong la so don't quote me on it