Is Tesla (TSLA) Causing The Decline in BYD (BYDDY) Stock Today?

China-based automaker BYD (BYDDY,BYDDF) is falling 2% after Bloomberg reported that Tesla (TSLA) was preparing to introduce full self-driving features in China.

Additionally, Wired, a tech-news website, criticized BYD’s advanced-driver assistance systems.

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TSLA Will Reportedly Launch Full Self-Driving Features in China

Elon Musk’s automaker is getting ready to provide its China-based customers with “driver-assistance capabilities similar to those marketed as Full Self-Driving in the US,” Bloomberg reported. In “the coming days,” the features is expected to be delivered through a software update, Bloomberg reported. Tesla owners in China will be able to rely on the system on city streets, the business-news website added.

In recent weeks, BYDDY stock has gained ground after the automaker disclosed that it would begin providing ADAS features on all of its vehicles at no extra charge.

Wired Criticizes BYD’s ADAS Features

In an article with the headline “BYD’s Free Self-Driving Tech Might Not Be Such a Boon After All,” Wired notes that Mark Rainford of Inside China Auto believes that several China-based automakers have better ADAS offerings than BYD. Specifically, Rainford finds the  systems of Li Auto (LI), Xpeng (XPEV), Nio (NIO), and Huawei to be superior to BYD’s product, Wired stated.

While we acknowledge the potential of BYDDY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BYDDY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: The author owns shares of BYDDY and XPEV but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.