Tesla: China's BYD Now In The Driver's Seat (NASDAQ:TSLA)

1. BYD is now the largest EV producer globally, surpassing Tesla. 2. Tesla depends on third parties while BYD is vertically integrated. 3. BYD's production in Mexico may eliminate import tariffs under USMCA. 4. Low production costs give BYD a competitive edge against Tesla. 5. Charlie Munger states BYD is outperforming Tesla in China.