Charlie Munger: BYD so ahead of Tesla in China it's 'almost ridiculous' #Shorts

Charlie, you bring up BYD, so I'll jump to a question from Steven Spencer, who writes in from New York, New York. He's curious why Mr. Munger prefers an investment in BYD to Tesla. Well, that's easy. Tesla, last year, reduced its prices in China twice. BYD increased its prices. We're direct competitors.

We're so much ahead of BYD, I mean, BYD is so much ahead of Tesla in China, it's like a, it's just, it's almost ridiculous. And if you look at BYD, which most of you all have never heard of, if you count all the manufacturing space they have in China to make cars, it would amount to a big percentage of all the land in Manhattan Island. And nobody ever heard of them a few years ago.

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