Tesla's Stock Struggles Amid Price Cuts and Value Decline

Tesla has been forced to slash prices on its electric vehicles, resulting in shrinking profit margins, while its biggest rival in EV production, BYD, has managed to increase its gross margin on auto sales. BYD's strong volume growth and improvements in economies of scale have bolstered its gross margin, and it is on track to potentially overtake Tesla as the biggest EV maker. Despite strong results, BYD's stock is currently trading at a great price, making it an attractive investment option.