Tesla Stock (TSLA) Vs. BYD (BYDDF) Stock: Tesla Earnings Due; China EV Giant Launching Model 3 Rival
https://www.investors.com/news/tesla-stock-vs-byd-stock-comparing-ev-stocks-tsla-byddf/?src=A00220
Tesla (TSLA) and BYD Co. (BYDDF) are both fast-growing EV giants. While a lot of attention falls on startups such as Rivian Automotive (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV) and Li Auto (LI), as well as traditional automakers pushing into EVs, such as General Motors (GM) and Ford Motor (F), Tesla and BYD are setting the pace.
BYD easily seized the EV crown from Tesla in the second quarter as sales surged. Tesla deliveries fell significantly vs. Q1, reflecting Shanghai lockdowns that forced the factory there to shut down and then operate at limited capacity for much of the quarter. Tesla still leads in all-electric vehicles.
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