IBD on $BYDDF and $TSLA: Tesla Stock Vs. BYD Stock: Tesla Deliveries Raise Demand Concerns; BYD Sales Keep Surging


Tesla reported record deliveries in the third quarter on Oct. 2, but they came in well below views, as China demand concerns grow.

BYD reported booming September sales, topping 200,000 for the first time. Q3 deliveries surged above 500,000. The EV and battery giant has added several new models, including a Tesla Model 3 rival. It’s also expanding into several markets, including Europe.

Tesla stock is off 2022 lows, but has hit key resistance amid a bear market. Shares tumbled Monday following Tesla deliveries. BYD stock is up slightly but has plunged to six-month lows.

Let’s take a look at Tesla vs. BYD — and Tesla stock vs. BYD stock.

1 Like