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BYD Is Challenging Tesla for Market Leadership. It Trades at a Big Discount.

Por: MarketWatch Business November 28, 2023

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Bernstein analysts led by clearly favor the Chinese upstart, comparing the two in a Monday report. “Tesla and BYD…are now comparable in size across volumes, revenues, and profit dollars, but BYD is growing significantly faster,” wrote Sacconaghi. BYD sold some 822,000 passenger vehicles in the third quarter including roughly 432,000 battery electric vehicles and 390,000 plug-in hybrid vehicles. Tesla sold about 435,000 BEVs. BYD unit sales... + full article



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