BYD is selling more and growing faster than Tesla
BYD stock analysis
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Okay, say one buys the HK stock. What do you really own? Do you really actually own a piece of the real company? Or just an offshore vehicle thatโs being dropped like a stone once things get rough?
You are getting it wrong. Tesla is not a traditional car company. What every other car company is missing now is software and that is the focus of Tesla which will have a very big impact in the future.
Tesla has the profit and profit margin of a car company. It might have better software but it still is a car company.
What people are missing is the fact that business isn’t static. If one player comes up with an innovation, other competitors will copy.
Competition is so brutal that Tesla went from nothing to the number one EV seller to eventually becoming the number 2 EV seller due to competition.
Same thing could be said for GM and Ford in the old days, then Japanese autos started taking over and the US automakers fell behind.
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