Elon Musk Gives A Nod To China's Massive Domestic Market, Which Is 'Way Bigger' Than Most People Realize - BYD (OTC:BYDDF), BYD (OTC:BYDDY)

Group 1: China's Economic Landscape - Elon Musk's endorsement of the size of China's domestic market highlights that exports only account for 20% of China's $19.4 trillion GDP, with exports to the U.S. making up just 15% of that, or 3% of the total GDP, indicating less reliance on the U.S. than commonly perceived [2][4] - The Chinese domestic market is significantly larger than many realize, as emphasized in discussions following Musk's response [3] Group 2: Trade Surplus Insights - China's trade surplus reached a record $1.2 trillion in the trailing twelve months as of August, despite ongoing tariffs and geopolitical tensions [4] - The trade surplus with the U.S. was reported at $160.47 billion through September, a decrease from nearly $220 billion during the same period last year [4] - Experts suggest that actual trade surpluses may be understated, with estimates indicating unreported surpluses could exceed $500 billion [5] Group 3: Tesla's Market Performance - Tesla's sales in China are under pressure, with the company facing its first annual sales decline in the market since entering over a decade ago [6] - Year-to-date sales in China were reported at 531,855 units, requiring 125,520 units to be sold in December to match last year's total of 657,105 vehicles [7] - Tesla's stock saw a 2.71% increase, closing at $458.96, reflecting a favorable momentum trend in the short, medium, and long terms [8]