Price cuts are becoming more commonplace among electric vehicle (EV) competitors. In the last few months, Tesla (TSLA 0.30%) has announced several price cuts. Now, BYD (BYDDY -5.86%), one of the largest EV automakers in China, is responding with discounts of its own. Here's what it could mean for Tesla stock investors.
*Stock prices used were the afternoon prices of March 9, 2023. The video was published on March 11, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
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