Tesla Vs BYD 2023 company comparison Q3: Is Tesla worth 7.5 X BYD?
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- เผยแพร่เมื่อ 30 ต.ค. 2023
- Tesla Vs BYD 2023 company comparison Q3: Is Tesla worth 7.5 X BYD?
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Feel like this is still very early for BYD. Once they start selling and shipping their YangWang vehicle, their profit will skyrocket
Granted that Tesla isn't a "traditional automaker", but selling cars is still the biggest source of revenue, is it not? As an owner of FSD beta system for the past four years, you'll excuse me if I'm not convinced by pronouncements that it will be a level 4 or 5 system withing the next eighteen months. On the highway, maybe, but on surface streets - well, I'll believe it when I see it (and will it work on version 3 hardware?). Despite my growing impatience on this front, I really welcome competion from BYD, Hyundai and Kia to help sustain Tesla's focus on it's mission on advancing sustainable transportation.
I personally hope the gov. won't use "national security" as an excuse to block BYD and other Chinese EVs from the market.
@@brian.z6592 they are already blocked due to trump tariffs. however we might see chinese companies setting up component manufacturing ( batteries) in america.
Jai Hinduja. AITO M7 has Smartification ADS and 5.5 g connectivity.
@@Ghosy01 I heard that Ford and CALT's American joint venture factory having some issues?
Gardening take
BYD's 3Q Automotive Gross Margin of 25.7% was recently announced (removes low-margin contract electronics division). This compared to Tesla's automotive gross margin (excludes regulatory credit sales) at 16.3%. Both consider R&D as operating expenses, not included in gross margin. At this rate, BYD has some room to compete on price.
Certainly shut up all those "but BYD isn't making any margin on their cars" BS and also the "Tesla has the biggest margins by far BS".
No freaking way their margins are that good, 25% is simply unbelievable😊
@@ikillwithyourtruthholdagai2000 Look up the article in CN EV Post from yesterday for reference.
@@thedualtransition6070 Tesla still makes a lot of money in US regulatory credit sales, accounting for ~1/4 of their net profit. And they get a lot of tax breaks and credits (such as the $45/kWh battery production tax credit, charging infrastructure credits up to $30k per new or existing charger opened up to other automakers, etc.), which increases their net. And they spend significantly less on R&D, which leads to lower operating expenses. Tesla still makes more net. However, when you compare how much they sell vehicles for compared to what it costs to make them on a percentage basis, BYD has outperformed Tesla all year at an increasing rate.
BYD also has no service network built up in the United States; without a strong service network and readily available spare parts, nobody will buy a car, unless they can get it for almost nothing.
So either the margins get smaller because of maintaining a service network or they sell them for well under $10K; either way, you can't sell cars by just rolling them off the dock, and advertising "Look! EVs hot off the boat from China!"
Gad-zooks! That was one comprehensive report. (I’ve been waiting for somebody to spell it all out since the dismal report. So, exceedingly well done. If only I weren’t broke right now, I’d buy you lunch, maybe even all meals for a day. What I mean is…thank you. Keep your goggles on and see you again tomorrow, mister hard-working man.🌿🐇
If byd plug in hybrid are some of the most unreliable vehicles, why do those still have a huge number of pre order though ?
That's a very good question
It’s a very easy answer when you have their government that preaches to all the sheep to buy local only. It’s not a coincidence either that they are heavily subsidized by their very own government. This is the same that has happened when it comes to their real estate crisis buying so much. It’s just a short term game for them so it’s nothing to worry about.
BYD is making a huge mistake in partnering with dealer models (see the stuff happening in Australia for example).
No doubt it’s a strategy to hedge against facing a Huawei like sanction.
@@xsu-is7vq Dealers have political power. And the established networks let BYD enter markets faster.
@@xsu-is7vqmy understanding is Huawei products are predominantly sold through dealers too.
I think XPeng stock percentage wise we go up more than Tesla and BYD.
XPeng presently has perhaps a better FSD system and a better usable robot than Tesla has.
They are really good quality. too bad the deliveries in EU are low...
FSD is fool's errands to compare who has better FSD. Until we reach level 4 or 5, any FSD systems that still require driver attention and hands on steering wheel is completely useless. Only the early adopters buy them for novelty factor. Not much more useful than rudimentary adaptive cruise controls that are actually more predictable to drivers than finicky FSD.
Yeah xpeng has the best auto pilot right now
@@Fireblade-df2wj I thought Nio does
BYD Seal now offered in this market at entry cost of €40,567 for the base model, after government grants (€3,500). Model Y about €8,000 more on the same basis. (€3,000 further discount offered to Model Y customers taking a new car currently in stock / local inventory). Obviously Model 3 even less expensive. BYD distributors have a huge challenge locally explaining who BYD are to buyers, who are not as informed as those watching this informative channel and others similar in their language.
I expect some price movement when the baseless EU dumping investigations are over. I would bet that the current prices bake in potential tariffs.
The issue with EV is no longer the cost .. but the insurance on them .
i am sure BYD its cheaper and more efficient, the problem in EU its the local taxes and duties. in the end...we europeans lose. As a polish...i have no horse in the race and would just want cheap EVs
Hey Sam can you check out that battery plant that Toyota is building in North Carolina. I’m wondering if it really means anything.
One of your best Sam backed up by solid research and objective assessment!
lol
BYDDY stock has been down since I bought it at $78 per share years ago. Do they short sell good companies in China like they do here with Tesla?
Yep, sir
The 2 are worth a lot, and I don't think Tesla is worth 7.5 BYDs.
@vincecarlo you mean clearly how Tesla couldn't produce 500k EVs? Or clearly it will bankrupt or it can't compete with the old legacies? Clearly that is all true 😂
I think it's smart that byd makes hybrids as well
I thought it was really cool that the governor of California went to byd and drove that SUV that thing looks pretty sick it'd be cool if we got a byd plant in California I'm hoping a new plant to make cars
Yes
Byd has only been available to purchase in last couple of years. Tesla has been around what could be termed an eternity longer than that
BYD goes way back in the Chinese car market, do some actual research before appearing so ignorant.
I agree with your prediction about Tesla and BYD. What about Leapmotor? Any futur predictions with Stellantis becoming a strategic investor of about 20%?
Byd - Android
Tesla- iphone
I like both tbh
Of course it is. Listing on the NASDAQ alone is the premium. They have not even account for the AI FSD Optimus Pixey dust sprinckles yet!
BYD is like Microsoft and Tesla is like Apple” one will focus on cheep and quantity while the other focuses on fewer and quality. The world needs both. Some people would not even want to be caught dead in a BYD wile for some it’s just a car 🚗 , cheeper the better 😮
Why not just call it burn your driveway? I wouldn’t be caught dead in any of those either frying my nuts
You clearly haven't driven the BYD Seal. It has shockingly good build quality and is ridiculously easy to drive.
@@natnut2008byd seal is gay. Get a Tesla S
7:18 => What you are highlighting in red is LAST year...
When you consider the fact that the cybertruck does not have a paint shop and will probably require less robots than any car that is currently making, I believe that yes once the cybertruck is fully ramped up, Tesla will make roughly 7 1/2 times MORE per vehicle versus BYD.
Sandy Monroe said it himself, the capex per line for the Cybertruck could be four to five times lower than that if Ford's. Basically Tesla will be able to afford to plop a plant down anywhere even in Australia and start manufacturing Cybertrucks EVERYWHERE. I believe within the next year or two model y will hit over a million units per year in sales. Cybertruck I think will hit over 2 million per year.
Atta boy viking. That's the most comprehensive look at byd ive seen. At times, i feel Tesla is too diversified. Byd grows fast and focused mainly because their efforts are focused on a couple of key products. Byds arrival in North America is welcomed. The battle for market share would inevitably impact ev acceptance positively across the board. Elon needs the pressure as well. Byds fight up the ladder has made them hungry. As we know..the fight to the crown is not as difficult as holding onto that crown. As a long term investor in Tesla, i see no negatives from byds presence. Elon gets a fire lit under him, he will need to be held more accountable as per delivery dates/promises. BYD will see Tesla on the horizon and work harder to catch them, all good. BYD vs Tesla was anticipated, this is all going according to plan.
Market cap is determined by stock price, which is directly associated with the size of the stock market. Tesla being a US owned company in the US stock market makes it much more valuable than a BYD stock in a tiny Hong Kong stock market.
Very good, well researched comprehensive, balanced comparison notwithstanding the flawed premise of comparing apples and oranges when it comes to product offerings.
Maybe the reason why BYD had so many model of car is because the chinese market itself is distinctly different that the rest of the world. I remembered that Xiaomi back in the day released a lot of model of their phone in the chinese market just like what BYD is doing now.
It’s not distinctively different, and they just condition their locals to buy Chinese only to support, patriotism, or whatever the heck those commies preach to the sheep there. It’s no secret that byd is heavily subsidized by their own government, as well as many others. Not looking good for them anyway in the long run just like the real estate crisis. They sure know how to condition their people though.
Hello mate
Sure, trust finance and sales numbers coming out CCP China. Everything the CCP says is always the honest truth.
They can’t even be honest about the number of EV fires they have.
Probably.
Tesla Price-Earnings Ratio is about 64. BYD is 24. Toyota is 11. Stock market is hyped by media attention more than the business results.
Market capitalization is affected not only by current profits, but also by future growth expectations. Electric vehicles obviously have more room for growth. BYD's problem is that their main market is in China, while Tesla is developing globally.
@@AI-ih5or I feel strongly we are in EV 1.0 and Tesla is like AOL back in Internet 1.0. Flammable batteries will be regulated out of existence and Tesla will be stuck with the majority of the cleanup (think Johns-Mansfield and asbestos). EV's today are a niche market despite a decade of hype.
Buffet was a foo selling half his BYD staulk
No, he’s no fool because CCP can’t be trusted. Buffet is for the long term not short. Besides, they have way too many vehicles on fire anyway, and are doing their best trying to hide their numbers in the quality department as well. The only fools here are the ones that think they can trust the Chinese government.
they are both great companies. BYD might be undervalued. Tesla's cars are sexy, and that is worth a lot.
Th revamped model Y ( project juniper Issa panty magnet
Bury Your Dead (BYD) is pure junk.
"BYD Han EV Ignited In China, Cause of Fire Is Unknown" - CarNewsChina (Aug. 3, 2022)
"While BYD Expands Abroad, Another Han EV Catches Fire - What's Wrong With It?" - autoevolution (Aug. 18, 2022)
"First BYD Atto 3 Catches Fire in Thailand: An Isolated Incident or a Wake-Up Call?" - BLINK DRIVE (Sep. 3, 2023)
Not sure why earlier this year (late spring, early summer) there was some gossip that BYD could fail and not be one of the survivors or a projected shakeup of the Chinese EV industry. Maybe there's a metric missing in this presentation, like leverage. I don't remember that this video mentioned debt loads for each company. There was never any question or speculation about Tesla's survival although perhaps Tesla's global market and sales means it's less exposed to the volatility of the Chinese market and Consumer.
In the UK, Tesla sales are huge but the cars are still too expensive and the range too limited. I don’t want a saloon and Model Y long range is overc$60k USD, with no incentives. They need to get a lower priced hatchback in Europe.
Take SR. Nobody "needs" long range.
No lower prices. Grow up brokkky
You should not comment on anything stock related.
An interesting announcement from Panasonic who blames lacklustre Tesla demand for cut to profit outlook. FT and Reuters. Wall Street has had difficulties before notably with Enron and Lehman Brothers for example. Their focus regarding Tesla still appears to be on manufactured numbers, not sales demand, irrespective of Tesla’s declining market share. The collective news from the EV manufacturers including Tesla that the rate of growth was slowing was a shot across the bow for them all. Toyota’s “we told you so” remark is becoming somewhat ironic whilst today confirmed it would boost investment by $8 billion and add about 3,000 jobs at its electric-vehicle battery manufacturing plant in North Carolina, accelerating the Japanese automaker's push to electrify its lineup. Meanwhile, whilst other manufacturers are turning down manufacturing numbers, Tesla’s plan to build a factory in Mexico could be delayed past 2025 and Tesla announced an expansion of Gigafactory Nevada to build the Semi vehicle in volume, but that has yet to happen. Clearly they all are reevaluating their build strategies.
Great video as usual.
Just wanted to say again your sites comments section keeps getting scammed by fake get rich schemes to push your viewers toward contacting finanvial advisors / brokers.
BYD's rapid growth should be good news for achieving the renewable mission. Who is top dog matter less than the fact just about all other EV players are sinking. From my boots on the ground POV, Chinese buyers of big ticket $, lux 🚗 which Teslas fall under, prefer trendy, fashionable new designs. Witness buyers of MB demand refunds bc they learned their cars had older Gen of CPU. Probably didn't make any difference materially. Status & to show they've made it are key buying factors for the biggest car market.
Chinese new car buyers are about 2 decades younger on average than in the US. That makes them more open to new technologies and brands. And their preferences can shift rapidly. Consumers are less influenced by what their parents drove because relatively few of their parents owned cars. This helps make sense of why BYD's proliferation of new models and 18 month product development cycles makes sense in China. Tesla's Chinese market share will continue to decline if they can not become more agile with refreshed prduct.
Well a UAW worker probably also makes 7 times what a Chinese worker makes, fits lol
Well, we are a first world country, you'd expect workers to make a living wage.
Anything goes in the Wall Street...
Just look at Vinfast, Wall Street style
yea, Wall street its the overpriced street !
is BYD is more likely, that your investment will be nationalised or lost due politics, then Tesla?
Tesla owns a charge network, that’s the goldmine
I’d rather own a successful car company than a charging company.
@@TheBooban Why not both 🤷♂️
@@TheBoobanThink printer and ink, consumables is where money is going to be made.
@@xsu-is7vq then you should own power companies. Tesla can’t monopolize charging forever. When EVs take off, these large charging stations will die off. Instead, every parking lot will have chargers. And there will be many cut throat competitors.
@@HM-hu4hu see my above comment. Electricity is everywhere. Tesla can’t monopolize it. Car manufacturing, that’s a real skill with potential moat. But Tesla has squandered their first mover by being too slow. Elon is 100% correct, Cybertruck is their grave. They should have made model 2 first. They got beat to the world cheapest electric car.
Buying Tesla is buying a call option into autonomous driving technology. Which byd is just a car company and purchasing their shares is just buying a part of the auto market.
BYD will never have Elon.
I'll keep my TSLA
No
BYD market cap is $696 Billion versus Tesla's $658 Billion. Correct as of 31 Oct 2023 on Trading212.
My bad, assumed BYD was quoted in US dollars but it's Hong Kong dollars so Viking is right.
Your numbers are wrong, due to currency conversion. BYD is listed on the Hong Kong Stock Exchange in Hong Kong Dollars. Tesla is in US Dollars. There are 7.83 HKD per USD. Viking is using USD for both.
@@larryevans6739 Ahhh, Just assumed as Trading212 showed dollars it would be US dollars. Thanks for the heads up
Love your passion for EV. But insurance company’s are killing the EV market.
No, they're not. Nothing is going to kill the EV market.
hey, that is good news. Range anxiety is gone. today it is insurance anxiety. As someone paying less for insurance than my previous ICE car, i can attest it is pire FUD.
@@TurnerRentzThere is no EV mass market appeal.
The biggest difference between BYD and Tesla is Tesla has a hot headed emotionally immature CEO. BYD has a solid management.
Better than Nuclear power
i care less about electric only.....i care about electric and 'autonomous'...........the next car i buy needs to have good promise of reasonable semi-autonomy.
Immagine byd seal 12k vehicle sold in USA with 7k gov credit
Well, its pretty much the same anyways, as China throws in state money to punch the ticket in the first place, apples to apples.
Not going to happen for next 2 decades
I think that Tesla will face problems if is not able to deliver the Model 2 in mass numbers and at the 35k $ tag price somewhere in 2025. Model S/X sales are becoming irrelevant and the Model 3 and Y are the only vehicles that can rely currently (Cybertruck seems a clusterfuck and the Semi is significantly lagging behind the competition). Withn the amount of competition the chinese manufacturers are starting to put in the gloibal market the fast ramp up of the Model 2 is not a need, is a must.
I don't think everyone buys Tesla just for the current car business. They are betting big on Tesla autonomous AI driving. Robotaxis. That's what will set Tesla apart from competition. It'll be selling autonomous driving as a software to other cars as well if it wants to. If it cannot do that, then in cars, tesla will sorely disappoint investors in terms of numbers sold. Also Tesla has battery storage business with great margins which is growing as well and should continue to grow. There is huge demand for energy storage. Also in long term, there is the Optimus robot which made significant improvements in just 9 months. Also Tesla can make and sell heat pumps if they decide to in case their car business is not going so well. Tesla is not just a car company. It has a bunch of startups in it. That's why the PE is so high for it. If any of the above mentioned comes true, Tesla should be able to 2-5x from here.
@@galanoth17 First, the automomous driving have been advertised as "ready" for a decade, and is nowhere near close to us, specially in hardware configuration lacking thermal vision, radar, lidar or a combination of them. Second, if a brand would be able to achieve successfully level 4 autonomy, do you really think they will sell robotaxis to particulars instead of making their own business as Uber? Makes no sense. Third: Optimus is like a joke compared to what Boston Dynamics had 15 years ago, and Boston earns no money with their inventions despite their cutting edge technology. Robotaxis, automat humanoids and landing on Mars are all the same: distractions to cajole investors. The only important battle which rest to fight is: would be a 25k $ Model 2 be on the market at volume numbers before the Chinese, Korean or Euro brands achieve that milestone? Because if they reach that before, is game over. Tesla is already losing in China vs BYD.
If Elon Musk goes with my advice....you will be 😮at the next Truck coming out
14:30 Song L price announced. Entry level starts at $30k in China significantly undercutting the Model Y and even Model 3. The top of the line AWD, Active Suspension, etc. Song L is priced similarly to the entry level Y.
Best looking new competition I've seen. It'll be interesting to see the market reception to it&the tesla reaction. 🤔
Chinese people believe that Song L will not succeed, it is too expensive. It does not have an 800V, no auxiliary driving like Xpeng and Huawei, and the luxury is not as good as Zeekr 001
@@dingxiong8604Chinese consumers have become too picky about new EVs because there are too many choices. Tesla's new Model 3 isn't well recieved either.
BYD builds eye candy, Tesla build old looking cars and charge 15,000 for software that still doesn’t drive the car safely. BYD builds a car with a 360 view.
Tesla PE = 57
Apple = 28.48
Toyota = 10.8
Google PE = 23.45
A well run long term profotable manufacturer generally has a PE of just 6
Clealy TSLA is over priced.
Tesla is a growth stock and has demonstrated its product and scaling plan. The other companies have largely plateaued (iPhone, Hybrid Synergy Drive, Google search)
Tesla PE = 34 now.
Have you checked BYD's free cash flow? Droped a lot in 3rd quarter.
They bought Jabil's contract electronics manufacturing operations and a former Ford factory in Brazil. That dropped cashflow.
19:00 Tesla gave up their IP rights to NACS. Companies do not strike deals with Tesla. The standard is now overseen by SAE. Tesla did this to access $Billions in US charger network subsidies, which required different vehicles to be able to access their chargers.
Meh. Most Tesla evs sold globally are fitted with either CCS standard in UK, Europe and most of the world, or the GB standard connector in China.
Tesla has even converted their NACS public chargers here in Oz, to the global CCS standard.
CCS here in Oz allows 22kw 3phase charging at hone, and bi-directional VTG or VTL.
Complementary in EV developments. If/when Tesla go for volume with Model 2 they will have a lot of competition! Tesla offer more technologies- Robots, FSD, car Heat Pumps etc.... However they need to manage routes to market for these new products whilst BYD are lazer focussed just on transport business, dominating China first, building volume advantages then exporting firstly to Asia and near geographic markets.
"Worth" or market cap isn't real money, only a tiny fraction of shareholders can ever sell their shares at the current share price before prices drop.
Private companies have zero market cap and if Elon could take Tesla private he would.
End of the day a company's real value is measured in revenue and profit, and BYD and Tesla makes roughly the same revenue with BYD making higher profit, that's all that matters.
where did you get the stats that BYD makes higher profit for same revenue? Last I checked, tesla has much better margins on each car sold. Can you provide some data?
@@galanoth17 You might want to check more often than once every 2 years, just search "BYD Gross Margin" on Google, first or second link from YCharts. Then do the same for Tesla. As of September 2023 BYD is at 22.3% while Tesla is at 17.89%.
Now BYD revenue as October was $81B, Tesla revenue around same period was $95B, multiply both by margin gives you their net profit respectively: $18B for BYD and $17B for Tesla.
You might be confusing margin with profit. Profit is in dollars, margin is in percent. Tesla makes more dollars on each car sold, but they also spend more to build each car and they sell a lot less cars than BYD.
I mean it shouldn't be that surprising, BYD is actually vertically integrated, they make their own batteries and their own chips, whereas Tesla only assembles batteries from CATL or BYD or Panasonic and they do not make their chips. Every supplier Tesla pays means giving away profit, and when they buy BYD batteries that profit goes to BYD.
Free cash flow really got worse for BYD this quarter. Negative $2 billion. Tesla had free cash flow of plus $3 billion. Also, Tesla is investing $9 billion in R&D, and a lot of that is going to AI and Optimus humanoid robot and autonomous driving. BYD is not doing anything with autonomous driving.
Will Tesla succeed with FSD, Optimus, Dojo, neuralnet?
byd made an acquisition of course the free cash flow is negative.
@@qilu2004 what aquisition did they make and that's relevant to evs?
BYD does makes its own chips; that’s the result of such expenditure, which puts this cash flow question into better perspective. Both outfits are comparatively similar in their aggressive R&D expenditures, with comparable results favoring Tesla. All bets are on AI. No competition there, not yet anyway. It is a no-brain er, especially if you’re willing to remove the timeline factor. BYD has the same problem as F and GM, and that is getting away from petrol power trains. All points to one clear winner a couple years out, who knows after that. Looks like Berkshire Hathaway is in agreement with this, 24month, projection.
They don’t have to. They will just steal it when it’s ready.
Today 6 Videos?? 😂😂😂
TLDW: The answer is No.
If BYD was an american company then maybe it wouldnt be valued so little, but still tesla has got to be overvaleud
The thing many people don't factor in enough is the money printing opportunity that is Full Self Driving software. Yes, it's way behind in multiple years Elon's claims of when it would be ready, but now the whole software stack has been rewritten to be end to end vision based neural network learning rather than thousands of "rules", you can tangibly see and measure the rapid improvements. Once FSD can be sold as a software package with a potential market of approx half of all existing Teslas, well that is going to dwarf it's car business basic sales margins.
Waymo and XPeng is way ahead of Tesla FSD.
Google owns Waymo and does not add any value to the Google stock price.
Waymo is in 3 US cities and is expanding fast .
Waymo is actually working g 25 - 7 unlike how Elon has been saying for years next year ?
Tesla does not have a working FSD , they have a driver assist system.
Tesla does not have litar so with only cameras that system only works at perfect conditions.
If their is heavy fog,heavy snow,freezing rain and night time where their are no street lights all cause problems without having litar.
XPeng and Waymo have GPS,cameras and litar which is what you need for FSD.
XPeng will have FSD approved in China before Tesla.
Litar costs around $ 6,000 a car and Elon thinks that is not needed but I think he is wrong.
We shall see.
The only reservation I have with BYD is software. Tesla is king in this field.
They still can’t get level 5 autonomy. Mercedes has the solution. Wasn’t Tesla requesting them for the solution?
That only matters after price to get you from point A to point B. Have to win that first.
They’re also stuck in the petrol pit. Muddy feet, anyways.
The rumour is that BYD is teaming up with Huawei to adopt its HOS-based auto drive system.
only thing that we have been missing over the last few years of the EV experience is the government official saying that Extremely Volatile cars are completely 'safe and effective' 😂😂😂
I would think there should have been several points to compare.
Batteries- BVD is ahead. MASS storage- not sure.
Autos, close, but BVD also makes hybrids, so I would say BYD ahead
Growth strategy, BYD is buying factories in Brazil and Europe. Tesla having trouble with existing facilities upgrades. Need more review
Market in Europe: Tesla ahead. US Tesla ahead. CHINA , TOO CLOSE TO CALL.
So, you think hybrids have a future?
@@markmarco2880 It has a present. I can't guess the future.
@@markmarco2880 From the little I have read and seen on videos (so this might be unreliable), it seems BYD dominates the hybrid market in China, and the reason why there is a demand for hybrids in China is because the country is so vast with large distances between EV charging stations along some rural routes. So having a hybrid overcomes range anxiety for some people. If that is true, then my assumption is that as more EV charging stations get deployed along rural routes in the coming years/decades, the demand for hybrids might decrease.
Let's all agree to stop counting hybrids when comparing EV sales. Most owners driving hybrids don't even charge them and just avail of any government incentives available, surveys have shown internationally.
Hybrids compete even more directly against ev’s than ice vehicles do.
Are you speaking from American customers experiences? That's certainly not the case here in China. And when it comes to car company valuation, any car counts.
I wouldn't touch anything made by Burn Your Driveway.......also insurance companies are now refusing cover due to the inability to determine if the battery pack has been compromised after a bump. There is a LOT about EV cars that tends not to be covered in your videos Sam. Well produced videos, and well presented, but biased.
Disagree.
Last week I check BYD insurance is priced similar to ICE cars in Australia of same price category.
BudgetDirect has Atto 3 & dolphin
I also tested
Tesla insurance is $1,000 more then similar priced ICE car. Expensive insurance
If you can show Australia car insurance don't insure BYD, take out your proves.
So all Battery EV that's sold in Australia can be insured
Every nation that BYD is sold, there are insurance companies insuring it.
Lets say if BYD is proved later on to be near as much Tesla fire issue, then BYD insurance goes up similarly however there will still be car insurance for BYD.
So You are talking nonsense
@@james_l4337 No I am not. It is all over the EV news if you open your eyes!
Jai Hinduja. Even Vietnam's Vinfast EV maker is worth more than all leading legacy autos combined. As you are aware, BYD is worth less than Toyota.
BYD manufacturing is very note worthy, but their efficiency is lagging behind Tesla. After all Tesla is not just a car company and Elon has the vision that leads.
I don’t buy what Elon is selling. But in any event how is Tesla more efficient than byd?
That's not the trajectory. Every year BYD gets closer in efficiency to Tesla. BYD is more vertically integrated than Tesla.
Technology wise, BYD is building and innovativing on old tech, while trying to create new to replace it. This work load will create success, but at what cost.? @@singed8853
A: No, of course. China are blowing away all of the Western competition with the exception (for now) of Tesla.
Bury Your Dead (BYD) is pure junk.
"BYD Han EV Ignited In China, Cause of Fire Is Unknown" - CarNewsChina (Aug. 3, 2022)
"While BYD Expands Abroad, Another Han EV Catches Fire - What's Wrong With It?" - autoevolution (Aug. 18, 2022)
"First BYD Atto 3 Catches Fire in Thailand: An Isolated Incident or a Wake-Up Call?" - BLINK DRIVE (Sep. 3, 2023)
You cannot trust anything either one of them says. But their cars; avoid their stock.
The problem Tesla has: its cars are going from being something special and stylish to generic- and outdated looking very fast.
@@harmony3138 i love the design of both vehicles 🤷♂️
Styling: Beauty is in the eye of the beholder. Still special? Reliability, software and charging network still make it special, in my view. Model Y number 1 selling car in Europe so far in 2023 - not just EVs - best selling model of all car types.
Tesla has charging network in West 5 & EU
That's a strong attractive consideration for BEV buyers
They just updated the look of the Model 3...
BYD isn’t shit compared to Tesla and what Tesla pays their employee’s. And a big plus for American employees of Tesla. Raise BYD’s pay standard to that of Tesla, then lets talk about prices and profit margins
OFFS, we actually have to ask a question which is so obviously NO? Lest remember that those BYD margins are from selling nearly all their cars in China, a place where Tesla makes next to no margins (most of Tesla's profit comes from the much less competitive and much more protected US market). BYDs car margins are ABOVE Tesla's, stop with the disinformation (as with the "unreliability" exaggerated crap, the difference is actually negligible). BYD is already the number 4 car company in the world, way ahead of Tesla, and as BYD exports more its profit per car will increase. BYD already has a full suite of products, and the Tesla Model 2 is vapourware until it arrives as are any sales claims. Tesla is basically reselling other people's batteries in its storage business. The Robot and AI stuff is just shiny object BS. Tesla is a car company, its not Amazon. Valued correctly it would be worth less than BYD. Now stop with the BS!
You gay?
TESLA is a bubble and it’s only a matter of time before there is a massive correction to its stock price. Being valued at about ten times the p/e ratios of most other auto makers on the basis of ‘jam tomorrow’ is ridiculous.
Disagree. Comparing PE ratios from a dying industry to a growing one is absolutely an apples to oranges comparison
Tesla is one of two profitable EV makers. Tesla is undervalued.
Depends what flavour the jam is 😅
It already corrected.
Tesla value is selfdriving software not EV bit
Which is nowhere near able to fully self-drive. Forget it for a very long time if ever.
@@josephj6521 just having it on long motorway would be a game changer for many
The big problem: BYD needs to prove the quality of its personal vehicles *AND* make the vehicles meet US Federal Motor Vehicle Safety Standards (FMVSS) and get high ratings from WorldNCAP crash testing. Small wonder why BYD has get to enter the US market for personal vehicles (though BYD is selling battery-cell electric buses in the USA already). The fact Tesla vehicles have been tested by both WorldNCAP and the Insurance Institute for Highway Safety (IIHS) to get high ratings is why Tesla is worth a lot more than BYD.
BYD vehicle already proven to be safe in Euro Ncap safety rating
Protectionist measures are keeping BYD cars out of the US. They can easily meed US standards, as they have in every country at the top safety level. 5 Stars in the 2023 Euro NCAP (which is stricter than the previous test procedure that Tesla cars were tested under).
@@Rex-ww4cwBury Your Dead (BYD) is pure junk.
"BYD Han EV Ignited In China, Cause of Fire Is Unknown" - CarNewsChina (Aug. 3, 2022)
"While BYD Expands Abroad, Another Han EV Catches Fire - What's Wrong With It?" - autoevolution (Aug. 18, 2022)
"First BYD Atto 3 Catches Fire in Thailand: An Isolated Incident or a Wake-Up Call?" - BLINK DRIVE (Sep. 3, 2023)
@@Rex-ww4cw not when it comes to their battery fires. There’s too many videos of them catching on fire to see in china. But I will say China does a great job, hiding those big numbers of them catching fire
Apples and oranges. Tesla charges its customers way more without them having any real higher benefit than BYD owners.
Anyhow: Robotaxis are the future and I hope that they will be developed before humankind just replaced the insane amount and f cars on earth with BEVs that stand around 99% of the time unused while rotting away.
Tesla is grosly over valued. It's probably 10x over valued.
As this recession deepens I think we will see the investment money dry up for Tesla and it's value will plummet.
Who knows for certain though.
All we know is Toyota is much bigger, makes many more cars, makes way more profit, yet somehow Tesla is valued higher on the stock market.
It makes no sense at all.
Tesla has put itself in a bind by only having the Model 3 and Model Y as "main stream" vehicles. People will buy other brands to get a vehicle class they like. I believe the upcoming Volvo EX-30 will be stiff competition to the Model 3. Instead of delaying the Mexico plant (Model 2), Tesla should be accelerating its construction.
Different segments compact which is the worst overall seller in the U.S. vs mid size suv/cuv for the Y smh, no tax credits for the Chinese built geely/Volvo ex30 unless you lease it. Has Lower range, slower charging, less standard equipment etc.
The ex30 will sell to anyone who dislikes elon and needs a local inner city type of vehicle. Maybe do 20,000 unit's in sales. 👍🏻
Given how consistently you hype non-existent battery tech, I'd be a fooh to take your opinion on Tezzy valuation.
Tezzy never gets to $300 without eff-ess-dee
Everytime Sam says clearly you must drink
That would be a game changer, my friend.
However... 🤣
don't BYD grow ev's in fields?
BYDs numbers are a bit sqewed, they sell tons of hybrids, busses ect.
Yup. Also sell batteries and iPads.
22:30 Tesla Gross Margin does not include R&D expenses. R&D is included in operating expenses. Go to Tesla's 3Q report Page 20 "Statement of Operations". After the line item "Gross Profit" comes "OPERATING EXPENSES" section. The first line item under Operating Expenses is "Research and development". BYD beats Tesla in Gross Margin. BYD beats Tesla in Automotive Gross Margin. Both include R&D in Operating Expenses, not Gross Margin.
Per vehicle sold? Also what's byd free cash flow per vehicle sold vs tsla eh? 🤔
@@4literv6 "margin" is a percentage. It makes no difference "per vehicle sold". Tesla does sell about half as many cars total at a higher transaction price. And Tesla gets quantifiably more in government subsidies while spending less on R&D, which drives up their net. But BYD beats Tesla in gross margin. And BYD's electronics division bought a contract manufacturing company for $2.2 Billion in cash and bought factories in Brazil, which impacts cashflow (but that is not a bad thing).
China's futire is a big risk. BYD is reliant on Chain doing well. Tesla is much more diversified. In would not invest in BYD at this point. Tesla stock will soar in 2024 to 2030. Buy it and hold for a glorieous future as Tesla takes over the world.
I'd say BYD is more diversified. Its batteries are essential for the EV industry, not just their own cars.
If you saying that then Same thing is said about Tesla & USA.
US economy is not at all good.
But reality is BYD & Tesla don't just sit inside China or USA.
If their supply chain can be diversified then even if both China USA is at war, may be they can still carty on in small production
However at present both nation supply chain is within especially their IC chips & battery.
So both BYD, Tesla will heavily be affected when Geopolitics mikitary conflict comes in 2025
After 2024 Nov US election
You're forgetting that Tesla sells more BEVs than BYD with only 4 models versus at least 7 models for BYD. Now, imagine adding Cybertruck, Model 2 and the Roadster 2.0 and Tesla is untouchable.
@@vincecarloBYD is #1 in EV fires:
"BYD Han EV Ignited In China, Cause of Fire Is Unknown" - CarNewsChina (Aug. 3, 2022)
"While BYD Expands Abroad, Another Han EV Catches Fire - What's Wrong With It?" - autoevolution (Aug. 18, 2022)
"First BYD Atto 3 Catches Fire in Thailand: An Isolated Incident or a Wake-Up Call?" - BLINK DRIVE (Sep. 3, 2023)
Tesla sold 1.31 million BEVs globally in 2022. How many did BYD sell globally in 2022? I rest my case. LMFAO SMH
Nope. Check 2023 Q3 numbers. EV sales are level and BYD is growing faster. BYD has 3x as many new models in the pipeline as Tesla. Tesla will introduce a $25k in 2026…BYD is already selling EVs below $20k. Tesla only dominates in the world’s #2 car market, the US. Everywhere else it’s falling behind with no plan to catch up.
@@tvtriviachampion"During the first nine months of the year, Tesla sold more than 1.3 million all-electric cars, while BYD exceeded one million." - insideevs (Oct. 28, 2023)
Keep on talking BS and be prepare to be schooled. LMFAO SMH
@@KP-xi4bj You are correct. Then in Q3, BYD caught up to Tesla. To be more specific, in Q3 BYD sales grew while Tesla sales fell. The further you look back, the further behind BYD was. BYD is growing faster so if that trend continues…the math is simple.
@@tvtriviachampion Still talking out of your arse? LMFAO SMH
The sign above your head says, "DO NOT FEED THE TROLL".
Charts done recently show byd in ev only sales since the end of 2021 hasn't gained any ground on tesla in ev only sales globally. 😀
Despite offering many more model's across more pricing point's, despite inc denza in the total ev numbers.
Despite both being founded in 2003, both delivered their first respective model's in 2008. Byd also has home field advantage in China the world's top ev market and yet the seal is a joke vs model 3 in total sales.
And the sexy just released refreshed m3 highland is gonna send that demand back up here real soon.
Especially come Jan 1st of 24 when the us ev tax credits switch to a pos redeemable rebate. 😎
I'm glad byd exists tesla can't do it alone. But give them a few more years and see how ramping exports up go before these pointless comparisons have any weight to them. Also see how the denza and yangwan more premium ev spin off brands do eh! 👍🏻
Senseless? Should we just shut our eyes and hope reality is what we want to believe? Give me the numbers. I acknowledge the various unknowns. Let me have the numbers, please.
2:36 Automotive gross margins are not in Tesla's favor. BYD has beaten Tesla in automotive gross margin in the first two quarters. In 3Q, Tesla automotive gross margin was 16.3%. BYD overall includes BYD Electronics contract manufacturing in its total. That actually has a seperate stock BYDIF and tends to have a lower gross margin of around 10%. I have not been able to find the detailed report listing automotive gross margin, but if Electronics division is lower, BYD automotive has to be higher than the 22.1% overall gross margin.
Yes because you don't want to have anything to do with a company that's considered a national asset by the Chinese government. Its value is an extension of the Chinese political machine and not subject to any transparency as far "true value" is concerned. If a company is "too big to fail" or at any time can be nationalized, then what's the point of even comparing it?
Put the customer ahead of the greed of the shareholders and Tesla might have a chance of saving the situation they have got themselves into. A conman CEO isn’t a good look.
Tesla is in trouble. China can produce these cars more cheaply. Watch Tesla videos made by pro Tesla mouthpieces(they are worried).
Wealthy tossers who can afford EVs also can afford boats and they reverse down boat ramps to lauch their boat - this puts the batter pack under salt water!!!!
Some have fogotten to put the hand brake on and the EV ends up submerged - the battery goes into thermal runaway and the fire burns UNDER WATER.
Very spectacular and demonstrates just how hard it is to put out an EV fire.
Cars are phones. Tesla is Apple. BYD is Samsung. Everyone else is everyone else. It is known. 😋
BTW. BYD makes the iPad and the majority of components within it for Apple, as well as supplying components to other contract manufacturers for Apple. And they are also a major supplier and contract manufacturer for Samsung.
This might give a bigger insight. BYD as its own brand will be the largest EV maker. And they are also likely to underpin vehicles for multiple other brands.
Missed that speech, mister 1984, that one that came after double talk narratives.
This analysis is flawed. BYD does not have any BEV models that compete with the Model 3 and Model Y. Electric Viking is comparing apples to oranges. Terrible.
The starting price for the BYD Seal is $12,000 cheaper than a Tesla Model 3 base model. I wonder why Tesla makes more profit despite it having no real-life benefit for the customers. 🤔 Everything that's sold as being better is pretty much negligible.
It definitely is a bebefit when judging cars and models that I neither own stocks, nor am a fan of a particular brand nor do I have any car at all. To me the future are Robotaxis. No buying, registering, parking, ensuring, maintaining, repairing, disposing stress and no instant spending of at least 20k at once.
For me cars are just tools. When I don't need them they can go away and service anither customer. I am all for car-prostitution!
So you are a know nothing opinionated internet ev commentary provider. 👍🏻😀
No its not
Its worth 100x byd. At least
But Why do you compare Tesla to byd??
BYD sells more cars than Tesla, and it's growing faster. That's why.
It’s easy for them to sell faster when their very own ccp government conditions their people to buy local company vehicles. That is just a short term game that eventually ends up not going well. currently its not going well for them at all with the record amount of fires they are having from their lousy batteries. That’s OK though, because luckily there’s plenty of videos to prove that.
TESLA sells good quality products, you will be better off in the long run. It is the king of EV .
its the hype of EV, not the king. In china theres many more amazing EV's