The brand that Elon Musk once despised became an automobile giant

CNN reminded me of Elon Musk's words about BYD, Tesla's strong rival.

According to CNN, BYD, the #Chinese automobile manufacturer that Tesla's owner Elon Musk once made fun of, surpassed Tesla as the company selling the most electric vehicles in the world at the end of last year. The Warren Buffett-backed company and Tesla have been neck and neck ever since.

Now BYD is challenging by introducing a new hybrid powertrain that it says can take it from New York to Miami without refueling, according to CNN's analysis. This figure means approximately 2,100 kilometers in one trip. According to The Wall Street Journal, leading global hybrid car manufacturers typically have ranges around 1,100 kilometers.

According to CNN's analysis, #Tesla is the best-selling electric car in the United States, but is losing market share overseas to rivals that can produce vehicles at less cost. According to CNN, Tesla has not made any significant innovations in recent years and BYD is relatively cheap, allowing the Chinese brand to challenge Tesla.

In his article, CNN questions how #BYD transformed from a small scrap producer into a global powerhouse. He recalls #ElonMusk saying in a 2011 interview with Bloomberg that he didn't take BYD seriously.

CNN reported, "In that interview, Elon Musk responded to the question about BYD competing with Tesla with a smug laugh. "Have you seen their cars?" to the interviewer. he asked, and when the reporter pressed him, he said he thought BYD's product was "unattractive" and its technology "wasn't very strong.