Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker::Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.
Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker::Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.
And still their shares are just a fraction of Tesla’s share price.
Company is beholden to the Chinese government, apparently that is worse than beholden to a manchid and a group of ultrarich shareholders.
Rather ironically, BYD is probably closer to the “value investing” (realistic) value than most hyper-inflated western stocks, which completely decoupled from reality a long time ago…
Regardless of value sentiment, I’d never consider investing in a Chinese stock. Too much risk that the CCP makes some big overnight change that torpedoes the price.
Not like that happens with US stocks.
Is there history of this happening?
Atleast Musk and Tesla shareholders aren’t commiting a genocide so the argument could be made that it indeed is less bad.