Tesla's sell-off extension has negatively impacted
BYD, this tumbled its stocks even with record sales. Despite the volume of weak
EV Sales in Hong Kong, BYD is still considered a growth stock. Meanwhile, China's ongoing
EV price wars and Europe's new tariff plans have instigated stock fall. On the other hand,
Warren Buffett's backing gave a boost to BYD shares on the advent of lower than expected tariffs from the EU. BYD also inked a partnership with Uber to roll out EVs globally, although Buffett's Berkshire Hathaway trimmed its stake in the EV maker. BYD shares suffered another blow with earnings miss; however, a strategic partnership with Uber boosted its stocks. The company anticipates gaining back its former figures through releasing new
luxury models and intensifying stock
buybacks. Lastly, analysts remain optimistic about BYD's future despite the Q1 profit growth slowdown.
BYD Stocks News Analytics from Tue, 14 Nov 2023 08:00:00 GMT to Sun, 04 Aug 2024 14:21:58 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor 2
