With the "God's Eye" announcement, BYD $1211 (+2,45%) caused quite a stir last week. The special feature: The driver assistance system will be integrated into many models as standard and at no extra cost. Tesla $TSLA (-4,32%) , known for its "Autopilot" and expensive "Full Self-Driving", could really warm up here.
Why this is exciting:
- Tesla vs. BYD - the price differenceTesla charges a lot for its advanced driver assistance systems. BYD, on the other hand, makes its technology standard. This could be a real trump card, especially for buyers who pay attention to the price!
- Tesla dominates, but...Tesla is still the top dog in the electric car sector. But BYD has really caught up in recent years, especially in the NEV (New Energy Vehicles) market. Who knows, maybe BYD will soon be making more progress than we think.
- Analysts are enthusiasticThe price targets for BYD have recently been raised considerably. HSBC sees a potential of 9.5 %, UOB-Kay Hian even 15.4 %. That almost sounds as if BYD is not only breathing down Tesla's neck, but also really stepping on the gas.
What do you think? Does BYD have what it takes to overtake Tesla? Or will the US giant remain unrivaled? 🤔📈
Source: finanzen.net
Image: ChatGPT
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