For years, Tesla’s stock has been driven by promises of technological breakthroughs and visionary leadership. But if you compare it to BYD, the numbers tell a different story:
BYD is outselling Tesla globally
In 2022, BYD sold about 1.86 million new energy vehicles, while Tesla delivered 1.31 million.
BYD’s lineup covers a wider range, from budget-friendly EVs to commercial buses, securing a larger global market share.
Even Charlie Munger said, “BYD is so much ahead of Tesla that it’s almost ridiculous.”
BYD is vertically integrated, Tesla still relies on suppliers
BYD makes its own batteries, including the innovative blade battery, giving it better control over costs and production.
Tesla still depends on CATL, Panasonic, and LG for battery supply, and its in-house 4680 cells haven’t delivered major breakthroughs yet.
Tesla’s battery tech isn’t actually ahead
Despite the hype, Tesla’s energy density improvements aren’t significantly better than BYD’s.
If Tesla doesn’t maintain a clear technological edge, is its premium valuation really justified?
Tesla’s stock is built on hype, not fundamentals
Robotaxis, full self-driving, and energy storage—all still speculative.
BYD isn’t just making cars—it’s supplying batteries to competitors, including Tesla itself.
If sentiment shifts from future promises to actual financials, Tesla could see a major correction.
So, should Tesla be shorted?
BYD is leading in sales, tech, and production scale.
Tesla’s reliance on outside suppliers weakens its position.
Market hype can’t hold forever—fundamentals will eventually matter.
Global anti-American sentiment and backlash against Musk could accelerate the decline.
Given all this, Tesla’s current valuation makes no sense. It might be time for the market to wake up.