TSLA - BYD Vs. Tesla: Nothing Lasts Forever
2024-07-03 09:23:28 ET
Summary
- BYD Company Limited is close to surpassing Tesla, Inc. in pure EV sales in Q2, but that doesn't make it a better investment.
- BYD and Tesla are both EV companies, but BYD focuses on hybrids and electronic components while Tesla is transitioning to AI.
- BYD is winning the EV race with strong growth and profitability, but Tesla's valuation, brand value, and potential in other revenues make it a more promising investment.
Thesis Summary
BYD Company Limited (BYDDF)(BYDDY) has almost surpassed Tesla, Inc. ( TSLA ) in terms of pure electric vehicle ("EV") sales in Q2.
It’s clear to me that BYD is winning the EV race, but that doesn’t mean it’s a better investment....
BYD Vs. Tesla: Nothing Lasts Forever