Benzinga
Elon Musk Thinks This Warren Buffet-Backed Chinese EV Manufacturer Is Going To ‘Demolish Most Other Car Companies’
Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), quickly changed his perception of BYD Co. Ltd. (OTC:BYDDY), a Warren Buffett-backed Chinese carmaker that has transformed within one year. During a live Bloomberg interview last year, when Musk was asked about his competitor BYD, he laughed and responded, “Have you seen their car? … I don’t think they have a great product.” Musk said he wasn’t concerned about BYD as a serious competitor in the electric vehicle (EV) market. Don’t Miss: This startup is