Just as the auto industry was grappling with BYD 's rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player.
Meanwhile, Tesla last week revealed that its deliveries fell in the first quarter from a year ago .
While he still likes Tesla longer-term , he and his team will hold a client webinar on Xiaomi, Tesla and global EVs on Tuesday.
Xiaomi shares nearly reached that price during last week's surge.
Meanwhile, Tesla shares are down 34% year to date.
Persons:
BYD, Tesla, Lei Jun, Xiaomi, Morgan Stanley, Adam Jonas, Jonas, Morgan, Andy Meng, Meng, Taylor Ogan, Lei, Ogan, BEV, Nick Lai, Gokul Hariharan, Janet Yellen, overcapacity
Organizations:
Apple, Hong, Snow Bull, EV, JPMorgan, Treasury
Locations:
Hong Kong, China, Shenzhen, U.S