China was the biggest market for Tesla’s Model Y electric sport utility vehicles in the first quarter, helping it become the world’s top selling vehicle during the period.
Xpeng is pinning its hopes on the new SUV to help turn around its sales after it reported lackluster deliveries in May.
Has the pricing war begun? In China anyway?
He Xiaopeng notes that the G6’s design is based on a water droplet, an interesting and beautiful inspiration.
The car has an ultra-low drag coefficient (Cd) of 0.248, which will help the car to maximize it’s battery’s juice for longer driving range.
*Naturally, the G6 is also super quick. It can go from 0–100 km/h in just 3.9 seconds (or 5.9 seconds if you get the single-motor version instead of the dual-motor version. *
The XPeng G9 also offered the quickest charging according to this independent test.
(As far as I’ve seen, XPeng still offers the best autoparking on the market. That was last year. In 2023, XPeng has introduced its City GNP (its version of Tesla Full Self Driving, but better) to Beijing, Shanghai, Shenzhen, and Guangzhou. Those four cities are home to 21.5 million, 26.3 million, 12.6 million, and 15.3 million people, respectively. That’s 75.7 million people combined. That’s more than the populations of all but 19 countries in the world, and it’s coming to more Chinese cities soon.
Thanks to its 800v architecture it charges fast. 19 minutes to charge from 10% to 80%.
The G-6 has a range of 469 miles.
2 reviews:
a very positive review-
a mixed review-reviewer didn’t like the exterior appearance but loved the interior-reviewer questions the similarity between the G-6 and Tesla model Y-that one cannot claim victory by merely imitating others. Well that is a little too deep for me. Most buyers look at features and cost. And at a 20% savings over a model y methinks Xpeng has a winner in the G-6.
I guess we will have to wait until next quarter sales figure to see whether the G-6 makes inroads to Tesla’s model Y China sales.
None of the Tesla Killers killed Tesla. They have been downgraded to “Challengers.”
The Captain
It only takes one.
Goliath was undefeated until some kid with a slingshot came along.
—Peter
But overall it won’t matter. If some other company can produce millions of EVs that people want to buy … then the people will buy them. The benefits from switching to EV will still happen. Doesn’t make one whit of difference if $TSLA is $1000 a share or if $XYZZY is $1000 a share.
Yes. But it will matter a lot if you’re invested in Tesla and that XYZZY comes along, when you are convinced that no one will topple Tesla.
—Peter
Even that won’t matter for the vast majority of Tesla investors. Definitely all the prudent ones. Let’s say they have as much as 5% of their total assets in Tesla stock, and XYZZY comes along and starts taking market share. First of all, taking market share is a process that takes time, and a prudent investor will see it. Heck, they may even become convinced that XYZZY will become the new king that’ll never be toppled. So they will sell some Tesla, and buy some XYZZY. Or just sell some Tesla and stay out of that market segment. Or maybe not even sell any. And it goes down 90%, so their 5% now becomes 0.5%. Well, they lost 4.5% of their assets that year, and presumably the other 95% of their assets rise 7-8% as usual. So they have a breakeven year that year. Big deal, it happens once in a while.
Even Arkk only has 10% of assets in Tesla, and they are the biggest bull of all.
As a Prudent Tesla Investor, let me tell you how I look at it.
EVs had a brief period of glory a century ago until the electric starter motor eliminated the worst feature of ICE cars, the necessity of cranking them them which was impossible for some ladies and dangerous even for the strongest of men. I had to hand crank the Volvo Diesel auxiliary on my sailboat. PITA!
With the evolution of batteries EV technology has had a second coming. Adoption will follow the “S” growth curve. By 2030 or 35 the fast adoption growth will have slowed as 85% ot more vehicles are EVs. By then some brand may have overtaken Tesla but by then EVs won’t be the reason to own the stock, instead it will be one or more of the innovations Tesla is working on. To worry about Tesla’s volatility is a fool’s errand. Trading the stock more than likely will underperform just sitting on it.
Even Arkk only has 10% of assets in Tesla, and they are the biggest bull of all.
ARKK is not a Prudent Investor, it’s an ETF, a Wall Street product for sale.
The Captain