BYD: Watch Out Tesla

Marcus Lindstrom

Thesis

BYD Company Limited (OTCPK:BYDDF) has a vertically integrated business model with the majority of critical components (batteries, auto semis) made in-house. Its very broad product portfolio, in contrast to Tesla Inc. (TSLA) and many

BYD Blade vs CATL Qilin vs Tesla 4680 Pack (The Limiting Factor/Twitter)

BYDDF forecasted P&L Snapshot (my estimates)

BYDDF EV/Sales Historical Multiple (Ycharts)