22-06-2022, 05:46 PM
(22-06-2022, 03:38 PM)winbig Wrote: At current price, it's overvalued.
I tend to agree with that although I hold the stock.
It js far less overvalued compared with Tesla.
BYD hold 2 of the 3 key technologies most expensive in an EV.
Battery and IGBT.
The only place it lag is in self driving. But likely this techbis available for licensing from Baidu and Intel.
BYD will start to outsell and leave Tesla behind in China market then later in Australia where there is very high demand where wait time is 6 months.
BYD stock has now performed Tesla this year and will continue to do so as investors begin to understand it is ahead of Tesla. Tesla now has to buy battery from BYD as it has fallen too far behind in battery tech.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.