The Tesla vs. BYD debate has been hotly discussed on Wall Street in the past several months, especially watching the two compete
“I have never helped do anything at Berkshire [Hathaway] that was as good as BYD and I only did it once,” Munger said on a meeting call in recent weeks. “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,” Munger later added.
Even Tesla CEO Elon Musk has pointed to how important the Chinese auto market is, recently airing some respect for the country’s automakers. “We have a lot of respect for the car companies in China,” Musk said on January 25. “They are the most competitive in the world.”argue that the U.S. automaker’s operating margins and global reach may make it the leader in the long run, as is discussed in thisWhile Tesla’s cars largely still represent luxury vehicles in China,brand offers a range of affordable electric and plugin hybrid options. Still, it doesn’t quite have the luster as a brand that Tesla has, being that the U.S.
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