<p>电动车（EV）公司如 <strong>特斯拉</strong>（TSLA 2.00%）和 <strong>比亚迪</strong>（BYDDY -2.62%）吸引了全球投资者的关注，因为许多人将电动车视为在急需减少碳排放的世界中一种可行的新交通选择。在特斯拉的案例中，投资者还在大力押注未来的技术和人工智能（AI）创新，他们相信这些创新将在未来几年显著提升股东价值。</p>
<p>虽然这两家公司都有显著的上升空间，但特斯拉和比亚迪在各自的发展阶段不同，各自也在优先推进不同的业务举措。让我们来看看现在哪只股票更值得购买。</p>
<h2>特斯拉：展望未来</h2>
<p>特斯拉长期以来一直是电动车领域的领导者，并被认为是电动车商业化的先锋。首席执行官埃隆·马斯克被广泛视为创新者，帮助推出了多家开创性和成功的公司。然而，自从马斯克参与政治和政府效率部（DOGE）以来，他的品牌似乎疏远了许多人，包括当前和潜在的特斯拉客户。电动车领域的竞争加剧似乎也在夺取特斯拉的市场份额。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE0NTkvc2VsZi1kcml2aW5nLTEtZ2V0dHkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE0NTkvc2VsZi1kcml2aW5nLTEtZ2V0dHkuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>在 2025 年第一季度，特斯拉报告了 337,000 辆汽车交付，这是两年来最低的交付量。关于特斯拉在今年第二季度的销售报告也没有改善。<strong>富国银行</strong> 分析师科林·兰根最近在一份研究报告中表示，他预计这种疲软将持续。兰根表示，5 月份的交付量同比下降了约 23%，而季度至今下降了 21%。兰根重申了对该股票的卖出评级，他表示该股票面临 60% 的下跌风险。</p>
<p>特斯拉的交易并不完全基于基本面，这也是它成为分析师和投资者之间争论焦点的原因。看涨者寄希望于特斯拉的机器人出租车服务和人形机器人 Optimus 等未来举措来支撑估值并推动特斯拉股票上涨。该公司最近在德克萨斯州奥斯丁推出了首批全自动驾驶（FSD）机器人出租车，这是公司备受期待的事件。马斯克和管理层之前表示，他们认为到今年年底可以让 1,000 辆汽车上路并开始产生收入。马斯克还表示，公司预计到明年年底将建造 50,000 个 Optimus 机器人。</p>
<h2>比亚迪：专注核心电动车业务</h2>
<p>许多美国投资者可能直到最近才听说比亚迪，主要是因为该公司在美国没有销售任何混合动力或全电动车辆。但该公司在中国引起了轰动，并迅速取代了特斯拉。</p>
<p>在 2024 年，比亚迪的收入超过了特斯拉，达到了 1070 亿美元，并且利润为 56 亿美元。相比之下，特斯拉的利润为 71 亿美元。比亚迪在市场份额方面也大幅超越特斯拉，占据了中国电动车市场超过 30% 的份额，而特斯拉仅占 6%。</p>
<p>他们是如何做到的？很简单：比亚迪据报道正在生产比特斯拉更便宜、性能更好、充电能力更强的电动车。该公司还计划进行重大扩张，计划到 2030 年将一半的销售额来自中国以外的市场。在 2025 年第一季度，比亚迪通过几乎翻倍的净收入保持了势头，同比大幅增长。与此同时，收入接近 240 亿美元，同比增长 36%。分析师还预计比亚迪在 2025 年的收益将增长近 24%，根据 Visible Alpha 提供的数据。</p>
<h2>更好的购买选择</h2>
<p>显然，如果特斯拉能够成功推出机器人出租车和 Optimus 机器人，那么它的估值或许是合理的，股票也可以继续上涨。然而，我仍然认为市场已经对这些举措的成功预期过高，这意味着如果特斯拉未能兑现炒作，股票可能会受到打击。此外，该公司的核心电动车业务也在挣扎。</p>
<p>另一方面，比亚迪可能没有像特斯拉那样的上升空间，因为该公司并不计划推出机器人或 FSD 技术，尽管它正在大力投资于驾驶辅助和人工智能技术。然而，比亚迪正在展示强劲的增长，其核心产品表现优异。比亚迪的市盈率为 25 倍，而特斯拉为 179 倍。我认为比亚迪在这里是更明智的选择。</p>

<p>特斯拉和比亚迪是电动车市场的领先者，各自拥有不同的战略。特斯拉以其创新而闻名，但面临着车辆交付量下降和竞争加剧的挑战，这促使分析师发布了卖出评级。相比之下，比亚迪在中国的收入和市场份额上已超过特斯拉，专注于经济型电动车和强劲的增长，并计划进行国际扩张。分析师预测，比亚迪的收益将显著增长，使其成为比特斯拉更具吸引力的投资选择，后者面临高估值和未来举措不确定的问题</p>

<p>Electric vehicle (EV) companies like <strong>Tesla</strong>(TSLA 2.00%) and <strong>BYD</strong>(BYDDY -2.62%) have captivated the minds of investors everywhere, as many view EVs as a viable new transportation option in a world that badly needs to reduce carbon emissions. In Tesla's case, investors are also betting heavily on future innovations in tech and artificial intelligence (AI) that they believe will significantly increase shareholder value in the coming years.</p>
<div class="lb-trans"><p>电动车（EV）公司如 <strong>特斯拉</strong>（TSLA 2.00%）和 <strong>比亚迪</strong>（BYDDY -2.62%）吸引了全球投资者的关注，因为许多人将电动车视为在急需减少碳排放的世界中一种可行的新交通选择。在特斯拉的案例中，投资者还在大力押注未来的技术和人工智能（AI）创新，他们相信这些创新将在未来几年显著提升股东价值。</p>
</div><p>While both companies could have significant upside, Tesla and BYD are at different stages in their journeys, and each is prioritizing different initiatives within their businesses. Let's take a look at which stock is the better buy right now.</p>
<div class="lb-trans"><p>虽然这两家公司都有显著的上升空间，但特斯拉和比亚迪在各自的发展阶段不同，各自也在优先推进不同的业务举措。让我们来看看现在哪只股票更值得购买。</p>
</div><h2>Tesla: Looking toward the future</h2>
<div class="lb-trans"><h2>特斯拉：展望未来</h2>
</div><p>Tesla has long been a leader in the EV space and is credited with commercializing EVs. CEO Elon Musk is widely seen as an innovator, having helped launch multiple groundbreaking and successful companies. However, ever since Musk got involved with politics and the Department of Government Efficiency (DOGE), his brand has seemingly alienated many, including current and potential Tesla customers. Increased competition in the EV space also seems to be taking market share from Tesla.</p>
<div class="lb-trans"><p>特斯拉长期以来一直是电动车领域的领导者，并被认为是电动车商业化的先锋。首席执行官埃隆·马斯克被广泛视为创新者，帮助推出了多家开创性和成功的公司。然而，自从马斯克参与政治和政府效率部（DOGE）以来，他的品牌似乎疏远了许多人，包括当前和潜在的特斯拉客户。电动车领域的竞争加剧似乎也在夺取特斯拉的市场份额。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE0NTkvc2VsZi1kcml2aW5nLTEtZ2V0dHkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F821459%2Fself-driving-1-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>In the first quarter of 2025, Tesla reported 337,000 vehicle deliveries, the lowest amount seen in over two years. Reports about Tesla sales in the second quarter of the year haven't improved either. <strong>Wells Fargo</strong> analyst Colin Langan recently said in a research note that he's expecting the weakness to continue. Langan said deliveries fell roughly 23% in May on a year-over-year basis and were down 21% on a quarter-to-date basis. Langan reiterated a sell rating on the stock, which he said is at risk of falling 60%.</p>
<div class="lb-trans"><p>在 2025 年第一季度，特斯拉报告了 337,000 辆汽车交付，这是两年来最低的交付量。关于特斯拉在今年第二季度的销售报告也没有改善。<strong>富国银行</strong> 分析师科林·兰根最近在一份研究报告中表示，他预计这种疲软将持续。兰根表示，5 月份的交付量同比下降了约 23%，而季度至今下降了 21%。兰根重申了对该股票的卖出评级，他表示该股票面临 60% 的下跌风险。</p>
</div><p>Tesla doesn't really trade on fundamentals, which is why it's become a battleground stock among analysts and investors. The bulls are banking on future initiatives such as Tesla's robotaxi service and the humanoid Optimus robots to hold the valuation up and propel Tesla's stock higher. The company recently began rolling out its first full self-driving (FSD) robotaxis in Austin, Texas, in a highly anticipated event for the company. Musk and management have previously said they think they can get 1,000 vehicles on the road by the end of this year and begin generating revenue. Musk has also said that the company expects to build 50,000 Optimus robots by the end of next year.</p>
<div class="lb-trans"><p>特斯拉的交易并不完全基于基本面，这也是它成为分析师和投资者之间争论焦点的原因。看涨者寄希望于特斯拉的机器人出租车服务和人形机器人 Optimus 等未来举措来支撑估值并推动特斯拉股票上涨。该公司最近在德克萨斯州奥斯丁推出了首批全自动驾驶（FSD）机器人出租车，这是公司备受期待的事件。马斯克和管理层之前表示，他们认为到今年年底可以让 1,000 辆汽车上路并开始产生收入。马斯克还表示，公司预计到明年年底将建造 50,000 个 Optimus 机器人。</p>
</div><h2>BYD: Executing on the core EV business</h2>
<div class="lb-trans"><h2>比亚迪：专注核心电动车业务</h2>
</div><p>Many U.S. investors had probably never heard of BYD until recently, primarily because the company doesn't sell any of its hybrid vehicles or fully electric vehicles in the United States. But the company has made waves in China and quickly usurped Tesla.</p>
<div class="lb-trans"><p>许多美国投资者可能直到最近才听说比亚迪，主要是因为该公司在美国没有销售任何混合动力或全电动车辆。但该公司在中国引起了轰动，并迅速取代了特斯拉。</p>
</div><p>In 2024, BYD surpassed Tesla's revenue, generating $107 billion and also $5.6 billion in profits. Tesla, by comparison, generated $7.1 billion in profits. BYD also crushed Tesla in terms of market share, capturing over 30% of the EV market in China, compared to Tesla's 6%.</p>
<div class="lb-trans"><p>在 2024 年，比亚迪的收入超过了特斯拉，达到了 1070 亿美元，并且利润为 56 亿美元。相比之下，特斯拉的利润为 71 亿美元。比亚迪在市场份额方面也大幅超越特斯拉，占据了中国电动车市场超过 30% 的份额，而特斯拉仅占 6%。</p>
</div><p>How are they doing this? Simple: BYD is reportedly building cheaper EVs that work better and have better charging capabilities than Tesla. The company is also planning significant expansion, with plans to generate half of its sales outside China by 2030. In the first quarter of 2025, BYD kept the momentum going by nearly doubling net income on a year-over-year basis. Meanwhile, revenue reached nearly $24 billion, up 36% year over year. Analysts also expect BYD to grow earnings in 2025 by nearly 24%, according to data provided by Visible Alpha.</p>
<div class="lb-trans"><p>他们是如何做到的？很简单：比亚迪据报道正在生产比特斯拉更便宜、性能更好、充电能力更强的电动车。该公司还计划进行重大扩张，计划到 2030 年将一半的销售额来自中国以外的市场。在 2025 年第一季度，比亚迪通过几乎翻倍的净收入保持了势头，同比大幅增长。与此同时，收入接近 240 亿美元，同比增长 36%。分析师还预计比亚迪在 2025 年的收益将增长近 24%，根据 Visible Alpha 提供的数据。</p>
</div><h2>Better buy</h2>
<div class="lb-trans"><h2>更好的购买选择</h2>
</div><p>Obviously, if Tesla can succeed with robotaxis and Optimus robots, then perhaps its valuation is justified and the stock can keep moving higher. However, I still think the market is baking in a lot of success already from these initiatives, meaning if Tesla doesn't live up to the hype, the stock could take a hit. Additionally, the company's core EV business is also struggling.</p>
<div class="lb-trans"><p>显然，如果特斯拉能够成功推出机器人出租车和 Optimus 机器人，那么它的估值或许是合理的，股票也可以继续上涨。然而，我仍然认为市场已经对这些举措的成功预期过高，这意味着如果特斯拉未能兑现炒作，股票可能会受到打击。此外，该公司的核心电动车业务也在挣扎。</p>
</div><p>BYD, on the other hand, may not have the same upside as a company like Tesla because the company isn't planning on rolling out robots or FSD technology, although it is investing heavily in driver-assisted and artificial intelligence technology for its vehicles. However, BYD is demonstrating strong growth, and its core products are outperforming. BYD trades at 25 times earnings, compared to Tesla at 179. I think BYD is the more sensible play here.</p>
<div class="lb-trans"><p>另一方面，比亚迪可能没有像特斯拉那样的上升空间，因为该公司并不计划推出机器人或 FSD 技术，尽管它正在大力投资于驾驶辅助和人工智能技术。然而，比亚迪正在展示强劲的增长，其核心产品表现优异。比亚迪的市盈率为 25 倍，而特斯拉为 179 倍。我认为比亚迪在这里是更明智的选择。</p>
</div>

Better EV Stock: BYD vs. Tesla

- 特斯拉和比亚迪在电动车市场竞争激烈，特斯拉交付量下降。  
- 比亚迪在中国市场占有率超过 30%，2024 年收入达 1070 亿美元。  
- 分析师认为比亚迪的增长潜力更大，估值更具吸引力。  

哪只电动车股票更好：比亚迪还是特斯拉