The fact that Tesla and BYD don't have large, entrenched, auto unions to deal with is the biggest factor in keeping costs low.
Both could have easily won the race if they had tried, with the massive financial instruments they had availability, compared to tiny Tesla. Instead, they kept them as compliance cars because they 'had' to and continued to push for larger gas guzzling models with more profit.
>This is all "a potential nightmare situation for GM and Ford," Wedbush analyst Dan Ives said in a note to clients this month. Any threat to supply would also inevitably diminish year-end production and inventory, chipping away at holiday season deals.
>Tesla, which does not use union labor, is situated to benefit from any work stoppage at competitors, especially at a time when the industry is pushing harder into electric vehicles, Ives said.
>"Tesla does not face similar issues which speaks to the complexity both GM and Ford face going up against the EV leader Tesla, while trying to satisfy rising union demands," Ives said. "If a strike happens then ultimately production and the EV roadmap could be pushed out into 2024 and delays would be on the horizon at this crucial period for GM, Ford, and Stellantis."
https://www.businessinsider.com/uaw-strike-gm-ford-nightmare...
That's a poster's opinion, would love to see sources for basing that opinion.
Do you think the presence of UAW makes a car manufacturer more or less cost efficient?
>Despite allegations of high injury rates, long hours, and below-industry pay, efforts to unionize the workforce have been largely unsuccessful.
https://en.wikipedia.org/wiki/Tesla_and_unions
Analysis of recent UAW strike.
>This is all "a potential nightmare situation for GM and Ford," Wedbush analyst Dan Ives said in a note to clients this month. Any threat to supply would also inevitably diminish year-end production and inventory, chipping away at holiday season deals.
>Tesla, which does not use union labor, is situated to benefit from any work stoppage at competitors, especially at a time when the industry is pushing harder into electric vehicles, Ives said.
>"Tesla does not face similar issues which speaks to the complexity both GM and Ford face going up against the EV leader Tesla, while trying to satisfy rising union demands," Ives said. "If a strike happens then ultimately production and the EV roadmap could be pushed out into 2024 and delays would be on the horizon at this crucial period for GM, Ford, and Stellantis."
https://www.businessinsider.com/uaw-strike-gm-ford-nightmare...