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Cathie Wood: BYD cars are 'fabulous,' but Tesla is still competitive

  • Cathie Wood of Ark Invest believes Tesla's cars are still very competitive, especially in metrics like range and power for a given price.
  • She also stated that Chinese automaker BYD's cars are fabulous.
  • BYD's revenue outpaced Tesla's in 2020 and it recently revealed chargers that are four times more powerful.
  • Wood is confident in Tesla's ability to fend off rivals like BYD, especially considering the additional value from its work in autonomous driving.

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