Sure, but Teslas competition isn’t really BYD. The competition is EV vs ICE vehicles. BYDs product mix is more towards the low end although they do have a couple of models that compete head to head.

There is plenty of room in the market for BYD and Tesla. For the next decade at least we won’t reach the saturation point for EVs. Remember it I will end up eating pretty much the entire ICE market barring some incredibly small niche segments.

We are looking at 2035 or 2040 before EV players really start going head to head for the same slice of the pie instead of just growing the pie.