BYD Outperformed Tesla While Li Auto And XPeng Revealed Delivery Records
Portfolio Pulse from Upwallstreet
BYD Company Limited reported its highest ever quarterly profit for Q3, outperforming Tesla Inc. Li Auto, XPeng, and Nio also recorded delivery records in October. Li Auto aims to become the top-selling luxury brand in China, with sales rising 664% YoY in August. XPeng, backed by Volkswagen, delivered a record 20,002 units in October, a 292% YoY growth. Nio reported a 59.8% YoY growth in October deliveries.
November 01, 2023 | 4:26 pm
News sentiment analysis
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NEGATIVE IMPACT
Tesla's stock took a 17% dive in October, underperforming BYD.
Tesla's underperformance in comparison to BYD and other EV makers could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BYD reported its highest ever quarterly profit for Q3, outperforming Tesla.
BYD's record-breaking Q3 profit and its outperformance compared to Tesla could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Li Auto recorded delivery records in October and aims to become the top-selling luxury brand in China.
Li Auto's record-breaking deliveries and its ambitious goal to become the top-selling luxury brand in China could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nio reported a 59.8% YoY growth in October deliveries.
Nio's significant YoY growth in October deliveries could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
XPeng delivered a record 20,002 units in October, a 292% YoY growth.
XPeng's record-breaking deliveries in October could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100