"BYD aims to deliver 5 million to 6 million EVs and hybrids this year, up from 4.27 million in 2024. The company finished the year as the seventh-biggest car group by sales globally, data compiled by Bloomberg shows.
It fell short of surpassing Tesla as the biggest seller of pure EVs globally last year by less than 25,000 units. However, BYD is set to leapfrog the Elon Musk-run company in annual revenue, on track to exceed $100 billion in sales for the first time in 2024.
Despite this year’s rally, BYD’s stock has retained a significant valuation discount to Tesla’s. The Chinese automaker’s shares currently trade at about 18 times forward multiples, below their five-year average and less than a fifth of Tesla’s."
BYD daily chart:
BYD weekly chart:
Tesla daily chart $TSLA
Note: Tesla broke down through the $360 horizontal support Monday, 10 Feb 25. Today, share volume was 1.4X normal avg. volume and shares were down -6.34%.
As noted on this chart, Tesla shares are down -32.76% since its All-Time High back on 17 Dec 24:
Weekly chart for $TSLA
For the week Tesla shares are down -9.16% with three more trading days to go:
