But perhaps the real star of the EV market is Warren Buffet's Berkshire Hathaway and its 10% stake in the $16.3 billion BYD Auto company. As previously reported, sales of electric vehicles are steadily growing in China, and as such, interest in Tesla has also increased strongly, particularly since the recent launch of reservations for lower-priced Model 3. Tesla has actually received more reservations for the Model 3 from China than any other country outside of the United States, according to a Tesla statement from last week. The Chinese government is currently considering whether or not it should ban Tesla’s direct sale business model, which would effectively make its cars illegal there. However, to be clear, Straubel added that a Chinese factory will only make sense once the market has reached a “critical mass”.
As previously reported, sales of electric vehicles are steadily growing in China, and as such, interest in Tesla has also increased strongly, particularly since the recent launch of reservations for lower-priced Model 3. Tesla has actually received more reservations for the Model 3 from China than any other country outside of the United States, according to a Tesla statement from last week. The Chinese government is currently considering whether or not it should ban Tesla’s direct sale business model, which would effectively make its cars illegal there. However, to be clear, Straubel added that a Chinese factory will only make sense once the market has reached a “critical mass”.