IBD: $TSLA Output Falloff In China & $BYD News

$TSLA, $BYDDF & $BRK/B investors all need to read this very well researched and written IBD article by Ed Carson who resoundingly chooses $BYDDF over $TSLA shares:


1) IBD on $TSLA falloff in China:
"Meanwhile, Tesla Shanghai production in April plunged to 10,757 vehicles, according to industry data released May 10. Tesla delivered just 1,512 vehicles, a sliver vs. 65,814 in March. There were no exports last month. "


Both recently reported record deliveries and have huge expansion plans. Tesla Berlin and now Tesla Austin are starting deliveries. BYD is opening multiple plants this year, launching several new models and expanding into new export markets.

Tesla earnings surged 246% in the first quarter vs. a year earlier, the company reported April 20. BYD reported 241% earnings growth in Q1 on April 27.

But while they are the two largest EV makers, their models haven’t competed much head-to-head. That’s about to change, as the BYD Seal is set to take on the Tesla Model 3.