LyrArc Article Gist
A problem for Tesla is that it has no response for competition from German, Japanese or South Korean imports of EV vehicles. Its last new model was in 2020 a cybertruck priced at $85000 and the next new car model is slated for 2026, says this NYT report. Tesla models are priced at $45,000 as competitors from Asia are cutting costs and prices rapidly. Competitors BYD, VW and BMW, Kia, plan to introduce new models much faster. BYD has its own battery technology and makes its own batteries, so that it can cut cost. The result in the first quarter 2024 Tesla sales declined to 387,000 from 423,000 in 2023, BYD's increased by 13% to 300,000, with an additional 324,000 hybrid cars up 15%. Consumer Reports says the controls are all from the screen make a Tesla harder to drive as other cars have switches and other controls. 

LyrArc Article Gist
Andy Kessler looks at the prospects for China's effort to dominate the market for advanced chips used in everyday devices, just as it did in solar panels and electric vehicle batteries.  He says Apple leaves US manufacturing technologies at a disadvantage by securing its M1 processor chip from Taiwan's TSMC. Intel has fallen behind in 10 nanometer chips and will need a few years says Kessler.  Kessler says Chinese threat to invade Taiwan which has made the US and the EU take a firmer stand on Ukraine poses a danger to TSMC which has 5 fabs or factories in just 1 science Park- Hsinchu Science Park. This poses a question is it safe to concentrate about 92% of the world's semiconductor production in one place Taiwan so close to the mainland of China? And knowing sit tight taking no action? Google's last chairman Eric Schmidt asks this question in the WSJ and calls for a new investments in the US to manufacture advanced semiconductors and other semiconductors for everyday use so that the US national security is protected. Even the $50 billion that is in Congressional legislation has yet to be approved by the US Congress, says Schmidt, showing that US Congress is not moving quickly to address this problem. South Korea and Taiwan including TSMC need to be told to make a large part of the semiconductors in the US and other locations such as India to diversify production. 92% of world semiconductors made in Taiwan that could be taken out with a few missiles, is no way to diversify manufacturing, when manufacturing can be done in India or other parts of the world with lower costs and with needed engineering manpower. ...