The moves followed price cuts by Tesla.
Price cuts are becoming more commonplace among electric vehicle (EV) competitors. In the last few months, Tesla (TSLA 12.06%) has announced several price cuts. Now, BYD (BYDDY 2.01%), one of the largest EV automakers in China, is responding with discounts of its own. Here's what it could mean for Tesla stock investors.
*Stock prices used were the afternoon prices of March 9, 2023. The video was published on March 11, 2023.
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