BYD vs. Tesla

BYD has emerged as the leading EV manufacturer, surpassing Tesla in vehicle sales for Q4, with 530,000 units sold compared to Tesla's 480,000. Despite BYD's lower market cap and earnings multiple, its rapid growth and strong business model suggest it may be undervalued. As the automotive landscape evolves, the competition between these two giants intensifies, highlighting the prowess of China's manufacturing capabilities.