Tesla trades at a 344 P/E ratio reflecting future growth expectations in autonomous vehicles, robotaxis, and robotics, while BYD trades at 20x earnings as an established EV manufacturer with strong international expansion. The author recommends BYD as the better value at current prices, though acknowledges Tesla's transformational potential.
Axe note: Tesla’s sky-high valuation contrasts sharply with BYD’s more grounded multiples, making BYD the more sensible buy today.