Legendary investor Bill Miller recently shared his insights on the electric vehicle (EV) market, stating that تيسلا‘s current valuation doesn’t justify its price while praising BYD’s advancements in self-driving technology. In a MarketWatch report, Miller, known for beating the S&P 500 for 15 consecutive years, highlighted why he’s cautious about Tesla and optimistic about competitors like BYD.

Tesla’s Pricing and Self-Driving Challenges

Miller pointed out Tesla’s steep valuation as a key concern. On May 7, 2025, Tesla’s stock (TSLA) dropped 1.75%, reflecting investor skepticism. Miller directly stated, “They’re going to have to knock the cover off the ball in terms of self-driving cars and AI.” He emphasized that Tesla’s القيادة الذاتية الكاملة (FSD) system, priced at $8,000, faces stiff competition.

In contrast, he noted that BYD, a Chinese EV maker, offers a self-driving system in a car priced at $9,000. Miller added, “Tesla’s charging $8,000 for their self-driving system and BYD has a self-driving system in a $9,000 car, BYD’s cars, I think they’re just better.”

Tesla’s FSD technology relies on a vision-based system using cameras and neural networks, eschewing LIDAR, which many competitors like BYD incorporate for enhanced depth perception. This approach has led to regulatory scrutiny in the U.S., with the National Highway Traffic Safety Administration (NHTSA) investigating Tesla’s FSD for safety concerns. BYD’s system, while less publicized, integrates LIDAR and has shown promise in dense urban environments, a critical factor for global markets like الصين, where BYD leads EV sales.

BYD’s Competitive Edge in the EV Market

BYD’s affordability and tech advancements give it a strong position. The company’s Blade Battery technology, a lithium iron phosphate (LFP) battery, offers a range of about 300 miles per charge and improved safety over traditional lithium-ion batteries. This contrasts with Tesla’s 4680 battery cells, which aim for higher energy density but have faced production delays. BYD’s vertical integration—manufacturing its own batteries, chips, and vehicles—keeps costs low, allowing it to price vehicles competitively while maintaining profit margins.

Economically, BYD’s strategy aligns with global demand for affordable EVs. In 2024, BYD sold over 3 million vehicles, surpassing Tesla’s 1.8 million. Miller’s confidence in BYD reflects its scalability and innovation, especially in markets where Tesla’s higher price points—starting around $44,000 for a الموديل 3—may deter buyers. Regulatory tailwinds in China, including EV subsidies, further bolster BYD’s growth.

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EVXL’s Take: A Reality Check for Tesla Fans

Here at EVXL, we see Miller’s comments as a wake-up call for Tesla enthusiasts. While Tesla’s been the golden child of the EV world—think of it as the Tony Stark of cars—BYD’s playing the role of a scrappy underdog with serious tech chops. Tesla’s FSD might have the hype, but if BYD can deliver reliable self-driving at a fraction of the cost, it’s game on. Picture this: you’re at a charging station, and the guy next to you in a $9,000 BYD is cruising with self-driving while you’re still shelling out for Tesla’s premium. That’s the kind of shift that could recharge the entire EV market. We’re keeping an eye on BYD’s next moves—maybe it’s time to take a detour from the Tesla highway and explore some new roads.