Many years ago, Buffett started to sell his PetroChina shares. He lost a lot of profits in that trade, as PetroChina went up big after he sold his shares.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Shareprice often has very little to do with capacity and capability.
So my post is accurate. IF buffet is selling, he reckons this is enough profit from capital gains and/or shareprice is overvalued.
Overvalued is an accurate term. How much does BYD buy back or own themselves I don't know but buffet selling means only one thing for certain and that is he considers them overvalued.
So my post is accurate. IF buffet is selling, he reckons this is enough profit from capital gains and/or shareprice is overvalued.
Overvalued is an accurate term. How much does BYD buy back or own themselves I don't know but buffet selling means only one thing for certain and that is he considers them overvalued.
That's probably true, though not all business decisions are actually business decisions, so if he does sell, that's still a possibility. For example, maybe China doesn't feel comfortable with him owning so much of a Chinese company, or the US doesn't feel comfortable with him having an interest in a Tesla competitor.
If CATL is right - enormous upside with an entire market to tap into
If CATL is wrong - negative return - withdrawal of investments
I think they did their calculations and come to the conclusion that the potential upside is greater than the potential downside.
BAIC's EV brand Arcfox begins volume deliveries of α-S model, using Huawei full-stack smart car software package "Huawei Inside":
Earlier report (2021) featuring demo of Huawei's self driving tech, also in the Arcfox α-S model:
Earlier report (2021) featuring demo of Huawei's self driving tech, also in the Arcfox α-S model:
Last edited:
Tesla's autopilot doesn't work. It's not hard to be better than Tesla. L1 and L2 autonomous features in Lexus and many many (most Chinese brands now haha) cars have superior autonous than Tesla.
Elon talked about fsd for decades when the engineers knew he was miles away and other makers far closer. As with most things American it's 99 hype and talk, 1 unit of substance.
Merc autopilot is better than Tesla. Even xpeng's second rate autonomous is better than tesla. A Tesla can't handle one hour long trip without driver having to step in.
Tesla autopilot contributed to more accidents than all other autopilots out together and adjusted for numbers sold and in use. Almost every independent tester had to step in at some point. It's pathetically bad and a joke to call even L2. But they are certainly trying the hardest and after Merc, have been pouring the most money into this. Elon doesn't like lidar and wants to go with visual base okay that could be promising and allow them to come out with a superior ecosystem of fsd tech but elon is the world's greatest hype man.
Don't compare Tesla's autonomous with makes like Nio, baidu, Mercedes... Indeed Huawei and the carmakers using Huawei tech.
Tesla is 99% hype and marketing, 1% talent. The only thing worth supporting about Tesla is the fact that it is so dependent on china for battery technologies and even supply (giga shanghai is far and wide Tesla biggest producer and money maker) most Tesla's sold outside USA are made in China. If it weren't for that even the income made by Catl and byd for supplying Tesla batteries isn't worth the trouble. They can get F-ed.
Tesla fanboys (note not ev fanboys although sometimes crosses over) are the worst. One can start by searching up "solving the money problem" tsla share shill on YouTube to know what I mean. Zero intelligence, zero insight, all the usual wishy washy drivel those types are good at.
Most tesla fanatics do not even realize that their batteries are made by panasonic and CATL. They would cast doubts on CATLs newest Kirin batteries, claiming that their own batteries are better. They probably do not realize the both panasonic and CATL are suppliers of their batteries.
What is the state of battery companies in Korea and Japan eg Panasonic and LG Chem versus Chinese ones?