BYD competed impressively against
Tesla in 2024, overtaking their rival to clinch the BEV crown. Record sales were posted in December, particularly highlighting the strong growth prospects for this Chinese EV market giant. The company ended the year on a high note with a record-breaking 4.3 million units in EV sales. As the new year begins, the company is dubbed the best EV stock pick for 2025 due to its potential for continuous growth. It is noteworthy that BYD topped its 4 million EV goal for 2024 in Q4, outdoing Tesla in sales. Nevertheless,
Warren Buffet’s Berkshire Hathaway has trimmed down its stake in BYD, allegedly due to intensified trade tensions over Chinese EVs. Meanwhile, BYD appears to be outperforming its peers in the Auto-Tires-Trucks market segment. Moreover, options traders seem to know something about Boyd Gaming that we don't. BYD seems to have insight into upcoming tariff plans, and it's bracing for them preemptively. Nonetheless, the stock continues to rise, requiring heightened interest from investors.
Barclays PLC and
Sanctuary Advisors LLC are among the corporations expanding their stock position in BYD. Conversely, Berkshire Hathaway is reportedly divesting more shares and trimming stakes under 5%. In spite of this, BYD foresees an upward trend in BYD shares.
BYD Stocks News Analytics from Sun, 21 Apr 2024 07:00:00 GMT to Sat, 04 Jan 2025 18:35:58 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 4
