in today's video I'll be breaking down everything you need to know about byd Co Tesla's most promising rival stay tuned because this is a long one coming in two parts today welcome to trade daily where we break down all the best stock market news like And subscribe to keep up to date with the stock market and I really hope you enjoy this video Tesla stock BS byd stock Tesla's real Challenger reports surging profit Tesla and by Deco are both fast-growing EV Giants while a lot of attention falls on


startups such as rivian Automotive Lucid Neo X bang and lie Auto as well as traditional automakers pushing into EVS such as General Motors and Ford motor Tesla and byd are setting a pace for the first time I think there is a real Challenger and that Challenger's name is byd Steve Wesley a former Tesla board member told CNBC on OCT 20. he noted that byd will sell nearly 1 million fully electric vehicles bevs in 2022 including plug-in hybrids byd has surged past Tesla sales it's closing the gap on


Bev on aux 28 byd reported booming profit so let's take a look at Tesla vs bide and Tesla stock vsbyd stock Tesla reported Q3 deliveries of 343 830 up 42 and vs a year earlier and above q1's record 310 048 but that was well below analysts estimates of above 360 000. Tesla produced 365 923 vehicles in the latest quarter more than 22 000 above deliveries Tesla cited logistical challenges and vehicles in transit but that appeared to reflect a last-minute shift to exporting shanghai-made Vehicles early as China demand slowed


Tesla delivered 325 158 model 3 and model y vehicles in Q3 along with 18 672 Model S and model X luxury EV meanwhile byd sold a record 201 259 new energy vehicles in September after 174 915 in August and 162 530 in July that was up 183 vs a year earlier of the 200 793 personal vehicles byd sold men 4941 pure electric vehicles or bevs and 106 032 plug-in hybrids for Q3 bides sold 538 704 nevs up 194 vs a year earlier and surging from 355 021 in Q2 those plug-in hybrids offer an electric only range of at least 50 miles often


far more the Chinese giant nearly doubled its overall vehicle lead over Tesla and Q3 vs Q2 the US EV maker still leads in Bev deliveries but byd sold 258 610 pure electrics in Q3 rapidly closing that gap on OCT 4 byd announced a deal to sell more than 100 000 EV to German car rental Giants six over six years that follows Tesla and GM EV deals with Hertz 6 says it will order several thousand by Dev to start with the ATO 3 available for customers in the fourth quarter so far so good for both companies so let's


take a look at how they're expanding the market Tesla opened its plants near Berlin Germany and Austin Texas in March and April respectively model y production remains sluggish for those sites but is slowly improving just finished upgrades to the Tesla Shanghai facility significantly boosted production capacity with that impacted output in July and early August but Tesla China's demand is struggling to keep up with the increased output Tesla China wait times fell to virtually no in September Tesla introduced an


insurance subsidy in mid-september and recently extended that through year end from awk1 Tesla has offered zero percent down payments in preferential loan rates those incentives serve as de facto price cuts and just before we continue we're giving away a 50 Amazon gift card every single day you just need to subscribe to the channel like this video and get the Bell on also comment at love trade daily to lock in your entry winners will be contacted privately good luck now let's not waste another second and get right


back into the video Tesla cut actual model 3 and model y prices in China on OCT 24 by as much as nine percent notably the model wide Sr price was cut to just below the 300 0-0 U.N limit for subsidies the subsidies are set to expire on Deck 31 but that should provide an extra boost to local sales in Q4 Tesla price Cuts have already spurred at least one China EV maker to trim price tags that could intensify especially after subsidies end on Deck 31. Tesla's Shanghai delivered 83 135 vehicles in September according to the


China passenger car Association of that Tesla sold 77 613 locally exporting just 5522 Tesla production should be much higher in Q4 vs Q3 especially in Shanghai so Global demand will also need to ramp up Tesla will export even more Shanghai production to ease local demand concerns however that could drain European backlogs in August Tesla began selling a new low end model Y in Europe that's much cheaper than the prior base yd also is adding significant EV and battery capacity the auto giant said earlier


this year plans to sell at least 1.5 million Nev in 2022 possibly 2 million deliveries seem likely to easily top 1.8 million with 1.9 million or more quite likely byd is targeting 280 000 vehicle deliveries a month by year end chairman Wayne Chu and Foo said on step 2. he said a 2023 delivery goal of 4 million he also said byd had a backlog of 700 000 Vehicles Tesla targeting the luxury and affordable luxury markets has far higher selling prices than byd the majority of bydev and hybrids sell for 15 000-34 thousand dollars though a


growing number tops forty thousand dollars overall selling prices are on the rise the China EV giant does planned to move upscale significantly byd says a high-end brand targeting the 800 000 U.N 115 960 to 2 million U.N Market will launch in June 2023 with plans for an off-road vehicle a luxury sedan a high-end sub and a supercar byd denzy Unit 10 owned by Mercedes-Benz just began deliveries of its D9 minivan on OCT 26 coming in EV and feverians it starts at just under fifty thousand dollars adenza SUV should launch in


early 2023 taking on the Tesla Model Y and various Neo EV light Auto hybrids and many more Tesla produces four electric vehicles the luxury Model S sedan and model X SUV as well as the model 3 sedan and model y crossover the vast majority of the model 3 and model y with the model S and X largely limited to North America for now the roadster's semi and cyber truck have been pushed back multiple times musk says the Cyber truck is on track for mid-2023 but prices and specs ambitious even compared to other Tesla vehicles


will likely be different from the initial cyber truck claims back in 2019 he says musk tweeted on aux 6 that the Tesla semi first unveiled in 2017 has begun production and will start deliveries to PepsiCo pep on Deck 1. he said the semi will have a 500 mile range but many key specs such as effective range with cargo the price tag what type of batteries are used and more are still unclear it's also unclear if the semi will be produced in volume or in token amounts meanwhile the Cyber truck likely


will largely serve the U.S market so test Tesla may not have a new passenger EV for most of the world until 2024 later an aging model lineup could be a factor going forward especially in China on the Q3 earnings call must said Tesla is working on a much cheaper smaller EV signaling a possible return to a long touted goal of a 25 000 vehicle however he gave no timeline even now such a model would run into dozens of existing Rivals mostly from Chinese EV makers such as byd byd has a slew of models


some with electric and hybrid versions the automaker is rolling out several new EV only and hybrid only models in the next several months the seal sedan is byd First Clear head-to-head competition vs Tesla the byd seal has roughly equal dimensions and range to a model 3 and is ten thousand dollars cheaper the seal starts at 212 800 RMB Thirty one thousand one hundred thirty dollars BS 265 900 RMB for a made in China model free even after Tesla's price Cuts byd started seal deliveries in late August


with deliveries reaching 7473 in September production is set to keep ramping up and will reach many overseas markets in 2023 including Japan and Europe On The Low End a byd seagull hatchback will soon launch for the price tag of around 12 thousand dollars in a few months byd will unveil the seal lion and all-electric SUV that could take on the Tesla Model why a much cheaper price pyd recently unveiled the frigate 0-7 and mid-sized SUV that's the second model in the warship line of plug-in hybrids the Destroyer Feb sedan launched


this spring and continues to increase sales byd also is one of the biggest makers of electric buses with plans in the U.S and many other countries besides China be wide he also makes Eevee delivery trucks big rigs garbage trucks and more byd makes buses big rigs and other heavy vehicles for the U.S market at its Lancaster caliph plant let's take a look at the stocks for both of these Giants test is a global EV giant with major sales in North America Europe and China it has notable business in


Korea and some other Asian markets it has four plans starting with Fremont caliph and Shanghai joined by the Austin Texas and Berlin area plants Tesla already exports to Europe mostly from Shanghai as the Berlin plant ramps up the Shanghai plant will export fewer model wise to Europe though model free shipments will likely continue while Tesla's capacity is soaring it has no major new markets to enter or new passenger Eevee in the near future the U.S just approved new EV tax credits Tesla no longer eligible under the old


program should be a winner income and vehicle price caps could limit Tesla vehicles and buyers eligibility however a requirement for a high and Rising share of battery materials and components from North America also could complicate matters but if nothing else the new rules which mandate assembly in North America cut off tax credits to many Tesla Rivals byd Auto plans are in China with virtually all its sales there but those are both about to change byd will build a manufacturing plan in Thailand the export focused plank should


be running in 2024 with an annual production capacity of 150 000 Vehicles byd exports Rose to a fresh high of 7736 in September vs 5092 and August and 4026 in July that figure should surge in the next few months byd has started to tow three deliveries in New Zealand Australia and Singapore Ito 3 is a U.N plus name for most overseas markets several other Asian countries will follow the next few weeks and months on step 28 byd held a launch event for Europe and its three initial models Italian SUV the Han sedan and the ATO 3.


deliveries will begin across much of Europe in October or by year end byd has been selling the Tang SUV in Norway since late 2021. why do you set European pricing well above the sticker price for those vehicles in China suggesting the automaker is looking to establish itself as a premium or near premium brand on the continent byd begins deliveries in Germany and some other countries in October with more to follow-by-year end the byd seal will hit Europe in 2023 the automaker said the Paris Air Show on aux


17. the compact dolphin also could join bye European lineup byd entered the Thailand Market officially on octane with deliveries starting later this year byg unveiled the ATO 3 for India on OCT 11 while also entering Laos in the past week the EV giant will enter Japan with the ATO 3 in early 2023 the Dolphins slash a towed to mid-air and seal slash a tow 4 in late 2023. byd is increasing its sales in Latin America ramping up in Brazil in particular each of these markets will have specific challenges in terms of regulations and


tastes byd had a halt Australia deliveries on OCT 21 for seven days due to a compliance issue over a child safety seat anchor location America isn't officially in b-wide East sites in terms of personal EV tariffs on China main Autos make exports to the U.S cost prohibitive byd does make some EV buses here with a lot of extra space at its Lancaster caliph site outside Los Angeles and with that we've come to the end of the video I'd like to give a huge shout out to anyone who's made it this


far I hope you enjoyed the video I'd also like to make it clear that this is a news and entertainment video not investment advice you should always do your own research and speak to a financial advisor before making any Investments thank you all so much for your support don't forget to like And subscribe for the chance to win up to twenty thousand dollars in Amazon gift cards and we'll see you in the next video foreign if you want more crazy trade news how about this video we