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Tesla's chic is no match for BYD's China profits

Mr Musk unveiling the Model X, an SUV that Tesla promises will eventually be price-competitive with luxury conventional-fuel models.


CARS are meant to be a volume business: The more you sell, the better your profit margin. So how come the world's most richly valued carmaker took four years to shift the number of cars that General Motors sells in three days?

To be sure, Tesla Motors recognises this flaw,