Truth be told, Warren Buffett and Elon Musk have been competing in the EV space for quite some time now
, “Tesla and BYD are both fast-growing EV giants … [both] are setting the pace. Both have huge expansion plans.” Tesla stock and BYD stock were winners in 2021, but which is a better bet now?
Furthermore, “Both Tesla and BYD have managed to grow rapidly despite chip shortages that have crippled almost every other automaker in 2021 … [and] both will continue expanding rapidly. Tesla will soon open plants near Austin, Texas and Berlin, Germany, and is looking to expand its Shanghai facility yet again.”
These automakers target different markets though. “Tesla is a truly global EV giant, with major sales in North America, Europe and China … [meanwhile] BYD’s auto plants are in China, with virtually all its sales there.”
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