With last week’s "God's Eye" announcement, BYD $1211 (+2,45 %) made quite a splash. The special part: the driver assistance system will be included as standard in many models at no extra cost. Tesla $TSLA (-4,32 %) , known for its "Autopilot" and pricey "Full Self-Driving" features, might need to step up its game.
Why this is exciting:
- Tesla vs. BYD – The Price Difference: Tesla charges a premium for its advanced driver assistance systems. BYD, however, is making this technology standard. This could be a game-changer for buyers who are price-conscious!
- Tesla Dominates, But... Tesla is still the leader in the electric vehicle market. But BYD has been catching up fast, especially in the NEV (New Energy Vehicles) market. Who knows, BYD might soon be a bigger player than we expect.
- Analysts Are Buzzing: BYD’s stock targets have been significantly raised. HSBC sees a potential 9.5% upside, while UOB-Kay Hian is even more bullish with 15.4%. It looks like BYD is not just tailing Tesla but could be speeding ahead.
What do you think? Does BYD have what it takes to overtake Tesla? Or will the US giant remain untouchable? 🤔📈
Source: finanzen.net
Image: ChatGPT
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