Cathie Wood Chimes In On The Tesla Vs. BYD Debate: 'Charlie Munger And Many On Wall Street Do Not Understand...'

19 Feb 2023 | Abstracted from Benzinga

"Munger's claims about BYD could be contentious. In 2022, the Chinese company sold 911,40 battery EVs compared to the 1.314 million vehicles Tesla delivered during the same period. Only when plug-in hybrids are included, BYD's 2022 sales of 1.86 million vehicles outnumber Tesla...a majority of BYD's sales come from China...Tesla generates far better profit per vehicle compared to BYD."

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