Price cuts are becoming more commonplace among electric vehicle (EV) competitors. In the last few months, Tesla (NASDAQ: TSLA) has announced several price cuts. Now, BYD (OTC: BYDDY), one of the largest EV automakers in China, is responding with discounts of its own. Here's what it could mean for Tesla stock investors.

*Stock prices used were the afternoon prices of March 9, 2023. The video was published on March 11, 2023.

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Source Fool.com