BYD
- Chinese electric car maker BYD might be the closest thing to a true Tesla competitor.
- Experts say the auto company's Seal electric sedan is comparable to the Tesla Model 3.
- UBS analysts tore down the Seal and found it's a great Model 3 alternative for less.
Wall Street analysts tore down a Chinese Tesla competitor and found a great Model 3 alternative — for a fraction of the cost.
The Seal, a mid-sized electric sedan made by Chinese EV giant BYD, backed by Warren Buffett's Berkshire Hathaway, is a close rival to the Tesla Model 3. Analysts at UBS recently investigated to see just how comparable to Elon Musk's popular model it might be.