Better EV Stock: BYD vs. Tesla
Electric vehicle (EV) stocks have certainly drawn interest from investors. Not only could EVs be the future of the automobile sector, but many of these companies are also working on greater technological innovations such as full self-driving (FSD).
Tesla (NASDAQ: TSLA), led by CEO Elon Musk, is considered one of the pioneers of the EV space and has become one of the largest companies in the stock market, with a market cap surpassing $1 trillion.
BYD (OTC: BYDDY) is making waves in China and has controlling market share with strong technology and vehicles that are more reasonably priced. While BYD does not sell its vehicles in the U.S., it has major expansion plans. Which is the better EV stock right now?
Source Fool.com
BYD Co. Ltd Stock
€12.23
-0.450%
With 14 Buy predictions and not the single Sell prediction the community is currently very high on BYD Co. Ltd.
With a target price of 15 € there is a positive potential of 22.7% for BYD Co. Ltd compared to the current price of 12.23 €.
