As Tesla Deliveries Sputter, BYD Looks Alluring

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As Tesla Deliveries Sputter, BYD Looks Alluring
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Tesla appears overvalued when compared with traditional carmakers. Less appreciated is the huge valuation gap that has opened up relative to its closest electric-vehicle peer.

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The Chinese company made more EVs than Tesla in the quarter just ended and its shares trade for a third of the price China is the world leader in processing lithium and it is making major, risky investments to secure raw lithium in Latin America and Africa. Now, the U.S. is trying to develop its own supply to reduce its reliance on China. Photo illustration: Jamie Leventhal

Tesla appears overvalued when compared with traditional carmakers such as Ford and Toyota. Less appreciated, but perhaps more meaningful, is the huge valuation gap that has opened up relative to its closest electric-vehicle peer.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

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