Tesla Bear Charlie Munger Talks Tesla Vs BYD In China via insideevs.com
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While Tesla’s cars largely still represent luxury vehicles in China, BYD’s brand offers a range of affordable gas and electric options. Still, it doesn’t quite have the luster as a brand that Tesla has, being that the U.S. EV brand is considered on the cutting edge of cars from a consumer standpoint. Additionally, BYD’s initial
look quite similar to Tesla’s vehicles, with many comparisons being made between the Seal Sedan and Model 3, from aesthetics to specs.Tesla still sells fewer vehicles each quarter than BYD, but its profit margins significantly outpace those of BYD. At its current rate of expansion, the U.S. automaker is aiming to continue expansion beyond its U.S., China and Germany factories — with recent reports pointing to the automaker’s coming plant in Mexico.
It's tough to say with any certainty where the auto market will go, but Munger backing BYD over Tesla shouldn't come as too much of a surprise — and it should at least be taken with a grain of salt.
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