this post was submitted on 30 Dec 2023
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That's because Tesla is extremely overvalued, because Musk is a con man, who promises Tesla will lead AI for fully autonomous driving, and basically promises that when that happens, it's nearly infinite money. In reality they are currently #4 at best in AI for self driving.
I'm guessing BYD is valued more by criteria similar to VW and Toyota.
PS: Yes I know half of infinite is still infinite. But I hope you all understand what I mean. 😋
Tesla stock is a pyramid scheme.
~~Tesla stock~~ capitalism is a pyramid scam.
Though when you look at income distribution it looks more like the Burj Khalifa in a desert.