Tesla vs. BYD: Market pros pick their favorite electric vehicle giant

Tesla has long been an investor favorite for exposure to the electric vehicle transition, but not everyone is convinced. Berkshire Hathaway-backed BYD , for example, is often touted as a better bet than Tesla. "Tesla last year reduced its prices in China twice. BYD increased its prices. We are direct competitors. BYD is so much ahead of Tesla in China ... it's almost ridiculous," Charlie Munger, vice-chairman of Berkshire Hathaway, said last month .

"Long term, Tesla is not a car company and that's the difference. They can get into autonomous driving, robots taxis, and have better underwriting data than most car companies," he said. BYD may also lose its advantage as the lower-cost EV manufacturer as Tesla makes headway on its plan to produce a cheaper variant. Tesla CEO Elon Musk has repeatedly suggested that a $25,000 model is possible and suggested in 2020 that the company could launch such a car in a few years.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian Stock Market: Trades mixed to higher as the market digests US CPIThe Asian equity complexes are trading mix in the late hours of the Asian trading session. The ChinaA50 is down about 0.38% and HK50 is down about 0.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

The Secondary Market for Luxury Watches Has Outpaced the Stock Market Since 2018The numbers don't lie—the secondary watch market is rising. Are watches the new way to grow your wealth? 🤔
Fuente: RobbReport - 🏆 309. / 63 Leer más »

Public market leaders share ideas for West Side Market progressThe first event of a public-speaker series was held Wednesday about the West Side Market, which is in the process of transitioning from city management to a non-profit management board. ACAB it used to be a good market, with outdoor vendors lining the building, but spaces are not available on a day to day use. you rent a space, you have to keep it and work it every day, bust days and slow days, it's not fair. I only want it around the holidays, busy times. make $$ TheCityClub Yay more corruption less oversight
Fuente: clevelanddotcom - 🏆 301. / 63 Leer más »