Part 4/11:
Billionaire investor Charlie Munger has publicly claimed that Byd is "so far ahead" of Tesla in China that the gap is "ridiculous." When asked whether he prefers Tesla or Byd as an investment, Munger responded with an "easy" answer: Tesla. He pointed out that Tesla reduced its prices twice last year in China, whereas Byd actually increased its vehicle prices, indicating a conservative or strategic pricing approach.