- BYD hit a record-high market cap of nearly $160 billion thanks to its latest innovation, while a steep drop in the share price of Elon Musk's carmaker has lined the pockets of Tesla bears. Musk's politics appear to be hurting his business, since "it’s not people with cowboy boots who buy Teslas."
Tesla bulls have it hard right now. After suffering an unprecedented plunge in the stock price that has enriched short sellers to the tune of $16 billion, arch-rival BYD just celebrated an all-time high.
