We can safely assume that all companies are maximizing their margins. Ockham's Razor. BYD isn't "willing to accept lower margin". They just can't price their c

We can safely assume that all companies are maximizing their margins. Ockham's Razor. BYD isn't "willing to accept lower margin". They just can't price their cars higher or lower the cost of production. Given Tesla's months-long waiting list for new orders and recent price hikes, they don't seem affected by competition from BYD. If you look at revenue, in Q3 2018 Tesla and BYD were neck-to-neck with ~17.5 billion. By Q4 2021 Tesla pulled ahead by over 50% ($53 billion vs. $30 billion). https://seekingalpha.com/article/4486902-tesla-vs-byd-ev-stock-better-buy https://seekingalpha.com/article/4486902-tesla-vs-byd-ev-sto... So far in Tesla vs. BYD, Tesla is pulling ahead. And don't get me wrong: BYD is doing very well in EV market, much better than Toyota or Honda, but they're not a threat to Tesla.