From Nasdaq:

Tesla lost its position as the biggest EV seller to China’s BYD in Q4. Despite this, Tesla is still valued at around $700 billion, while BYD’s market cap is below $80 billion. Berkshire Hathaway holds just under an 8% stake in BYD. Tesla’s valuations represent a premium, which comes from its software business. BYD’s valuations are affected by its lower margins and penalties for being a Chinese company. Analysts are more bullish on BYD, as it trades just over 10x the expected 2025 earnings.



Read more: Tesla vs. BYD: Which EV Stock Is a Better Value Right Now?