To The Moon

While other automakers’ sales slipped drastically in the first quarter of 2022, BYD saw a 180% increase in sales, with their net income rising by 241%, comparable to Tesla’s 246% surge in earnings in the same timeframe. The impact of supply chain disruption and semiconductor chip shortage was significant on the global automobile industry, but the strict anti-covid measures in many parts of China coupled with the ongoing Russia-Ukraine war caused many automobile production lines in China to come to a complete standstill, including the Tesla Shanghai facility. BYD manufactures its own batteries and chips and was able to protect itself from the supply chain shock. It is also amongst the fastest automobile companies to phase out traditional internal combustion vehicles, which puts it at an advantage to other automobile companies in overcoming the recent obstacles, and easily tops Tesla in local China sales in EV. Although BYD plants are only based in China compared to Tesla’s global business market, it has many markets that it can export to, with expansion plans across Europe and Latin America in 2022, while Tesla has no new markets to enter. However, Tesla vehicles are typically marketed as luxury vehicles and as such, have much higher selling prices compared to BYD. If BYD continues to export its EV models overseas with its electric buses, delivery trucks and garbage trucks, especially to Europe, where diesel buses are being phased out, it has the potential to beat Tesla in future. Additionally, charts show that price recently reversed off the 50% fibonacci retracement. If you wish to leverage on this consider using DLCs $BYD COMPANY(01211)$ For 5x Long Leverage: $BYD 5xLongSG230202(DLCW.SI)$ For 5x Short Leverage: $BYD 5xShortSG221115(MHLW.SI)$