BYD Company, a valuable player in the EV industry, has seen various stock market fluctuations recently. A primary rival to Tesla, BYD has repeatedly performed impressively in specific key metrics. The stock recently reached a new 12-month high after an increase in net income and strong Q1 2025 financial performance. BYD's advanced battery technology that charges EVs in five minutes resulted in an immediate rise in its stock. The company also received a 'buy' rating from Jefferies with a HK$447 target. Additionally, Boyd Gaming Co., another company trading under the BYD acronym, has strong financial indicators. Notably, short interest in BYD expanded by 194.0%, and despite an overall excellent first-quarter result, there was a significant share sale from Northern Trust Corp and Bank of America Corp DE. The Chinese EV giant also plans to establish a European centre in Hungary, alongside proposing bonus shares for profit distribution. However, the company’s stocks plunged due to an escalating global trade war. Overall, while comparing BYD versus Tesla, many market observers feel BYD could potentially overtake Tesla by 2030.
BYD Stocks News Analytics from Mon, 03 Mar 2025 08:00:00 GMT to Sat, 17 May 2025 22:46:07 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
