Investor’s Business Daily
Tesla Vs. BYD 2023: Tesla Model 3 Revamp In Focus With EV Rival In Buy Zone
Tesla and BYD are the world’s largest electric-vehicle makers, becoming more direct competitors in China and much of the world. In 2022, China EV and battery giant BYD’s vehicle sales raced ahead of Tesla’s. For all-battery electric vehicles (BEVs), Tesla remains No. 1. In 2023, Tesla has slashed prices multiple times, as demand struggled to keep up with booming production capacity.