TSLA - 1 EV Stock to Buy Hand Over Fist in October
2023-10-07 07:20:00 ET
Move over Tesla (NASDAQ: TSLA) -- there's a new king of electric vehicles.
BYD (OTC: BYDDY) produced more fully electric vehicles last quarter than Tesla. The leading U.S. EV maker faced a production bottleneck this summer as it shut down plants to refresh its Model 3 for Europe and China, leading to lower production. And while it still ended up outselling BYD by about 3,000 vehicles, the Chinese automaker is poised to fully take the crown in the fourth quarter and beyond.
Investors interested in electric car stocks should take a pass on Tesla shares. BYD is the stock to buy in October. Here's why.
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1 EV Stock to Buy Hand Over Fist in October