Tesla and BYD: Leaders in the Electric Vehicle Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Tesla's Market Positioning: Tesla boasts a market cap of $1.5 trillion, with a trailing P/E ratio exceeding 300, reflecting investor optimism about its future in software and robotics, although this high valuation carries significant risks.
- BYD's International Expansion: With a market cap of $140 billion and a 16% stock price increase over the past year, BYD's presence in over 100 countries and its vertically integrated model provide a competitive edge in pricing, showcasing strong growth potential.
- Technological Innovation and Risk: Tesla's pivot towards becoming a software company focusing on full self-driving, robotics, and energy storage presents higher risks, but it may also yield greater long-term rewards.
- Investor Choices: For risk-averse investors, BYD offers steady growth and scalability, while Tesla is better suited for those willing to endure volatility in pursuit of higher returns.
Analyst Views on BYD
Wall Street analysts forecast BYD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BYD is 93.10 USD with a low forecast of 85.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 89.560
Low
85.00
Averages
93.10
High
110.00
Current: 89.560
Low
85.00
Averages
93.10
High
110.00
About BYD
Boyd Gaming Corporation is a gaming company. It operates over 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. The Las Vegas Locals segment consists of eight casinos in the Las Vegas metropolitan area. The Downtown Las Vegas segment consists of three properties: California Hotel and Casino, Fremont Hotel & Casino, and Main Street Station Hotel and Casino. Its Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos and four barge-based casinos that operate in nine states, predominantly in the Midwest and southern United States. The Online segment includes its online gaming operations through collaborative arrangements with third parties throughout the United States and the operations of Boyd Interactive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
