Tesla Stock Vs. BYD Stock: Tesla Growing Fast, But EV Rival Is Catching Up

Tesla Stock Vs. BYD Stock: EV Markets
Tesla $Tesla(TSLA.US)$ is a truly global EV giant, with major sales in North America, Europe and China. It has notable business in Korea and some other Asian markets, as well as the Mideast. It has two plants, in Fremont, Calif., and Shanghai, China. Tesla will soon open plants in Austin, Texas, and near Berlin. Tesla already exports to Europe, mostly from the Shanghai plant.

The upside is that BYD $BYD Company ADR(BYDDY.US)$ has a lot of markets to expand into. It has just started to sell the Tang SUV in Norway, giving it a foothold for a much-larger expansion across Europe. It is shipping some EVs to Latin America. It also has big designs on Australia.

Its low-to-moderate-priced vehicles could serve rich and developing nations, while Tesla's current and planned vehicles are clearly aimed at affluent customers in rich nations. But America isn't in BYD's sights for now. Tariffs on China-made autos make exports to the U.S. cost prohibitive. BYD does not have any public plans for a U.S. EV plant so far, though it does make some EV buses here.
$Rivian Automotive(RIVN.US)$
Part of the content is taken from Investor's Business Daily.