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Investors are learning that BYD's record sales, juiced by an intense price war in China, won't translate into bumper profits.. Shares of Chinese EV automaker BYD slipped by 4.7% on Tuesday after ...
Tesla (NASDAQ: TSLA) and BYD (OTC: BYDDY) are ramping up the price war over market share in electric vehicles. Stock prices used were the afternoon prices of Dec. 4, 2024. The video was published ...
BYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's.
The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla's revenues from EV sales for the first time. BYD recorded revenues of 201.1 billion yuan ($28.2 billion ...
Yet sales still fell: BYD sold 300,114 battery electric vehicles for the three months ending March, compared to 526,409 in the previous quarter. Tesla sold 386,610 cars in the same period ...
That means it needed at least 467,000 sales in the fourth quarter to beat BYD's 1.76 million total for 2024. Like its Chinese rival, Tesla ended 2024 with a spree of discounts and deals in an ...
On Tuesday, Tesla Inc (NASDAQ: TSLA) disclosed its second-quarter EV production and delivery figures and it topped Wall Street estimates with both as its deliveries fell less than expected. Still ...
By comparison, Warren Buffett-backed BYD has gone on to eclipse Tesla as industry leader thanks to its range of affordable Chinese-built mass-market EVs that can better compete with Elon Musk's ...