2 Hidden Opportunities for China’s Tesla
Tesla (NASDAQ: TSLA) has long been regarded as the world's number one electric vehicle (EV) company. Its vehicles, like the Roadster and Model S, have captured the public's attention. The company's gigafactories, giant facilities that make batteries and electric vehicles, have been regarded as cutting-edge while its CEO, Elon Musk, has been regarded as a visionary similar to Steve Jobs.
Yet for all of Tesla's hype, it lags behind China-based, Hong Kong-listed BYD Co Ltd (SEHK: 1211) in several crucial metrics. BYD, not Tesla, is the global leader in EV production. BYD produces its own batteries while Tesla relies on Panasonic for battery-making expertise in its gigafactories. Warren Buffett invested in BYD but not Tesla, in part due to the exceptional executional capabilities of BYD's leader, Wang Chuanfu.
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Source Fool.com
