Streetbeat News

BYDDF

BYD Co

http://www.byd.com/

Industry

Automobile Manufacturing

Open

35.50

Mkt cap

109B

Volume

111

High

35.50

P/E Ratio

21.59

52-wk high

42.00

Low

35.40

Div yield

0.01

52-wk low

21.80

BYD Co, backed by Warren Buffett, announced its electric pickup truck named BYD Shark, featuring a plug-in hybrid system. This marks BYD's entry into the electric pickup market, competing with Tesla's Cybertruck. The Shark is set to launch this year, targeting the global market without specific plans for the U.S., where Tesla has begun Cybertruck deliveries. Despite BYD overtaking Tesla in EV sales volume in the last quarter of 2023, the two companies' trucks differ in fuel technology and market focus.

Portfolio Pulse from Anan Ashraf

April 22, 2024 | 9:41 am

The U.S. is pressuring Mexico to withhold incentives, such as low-cost land and tax cuts, from Chinese EV makers. This move could impact the competitive landscape for electric vehicle companies in North America.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:06 am

Tesla Inc (NASDAQ:TSLA) faces scrutiny over Elon Musk's management style amid Cybertruck delivery delays, as investor Ross Gerber expresses skepticism. Gerber criticized Musk's focus since purchasing Twitter, suggesting a lack of leadership at Tesla. This criticism follows Tesla's poor Q1 sales performance, which Musk attributed to broader industry challenges, comparing it to BYD Co. Ltd.'s (OTC:BYDDY) (OTC:BYDDF) sales decline. The situation raises questions about Tesla's leadership and strategic direction, amidst layoffs and a focus on the robotaxi project.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 3:12 am

BYD Co., Ltd. has expanded into the luxury SUV market with the unveiling of the Super 3 and Bao 8 models, aiming to compete with Jaguar Land Rover. The announcement was made at a live-streamed event in Shenzhen, without specifying if the new SUVs are hybrid or fully electric. This move is part of BYD's strategy to enter the high-end luxury segment, highlighted by the recent introduction of its most expensive car, the Yangwang U9 electric supercar, targeting competitors like Ferrari N.V. and Lamborghini. The unveiling precedes the Beijing Auto Show, emphasizing BYD's prominence in China's automotive industry.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 2:59 pm

China's electric vehicle (EV) charging infrastructure saw steady growth in Q1 2024, according to industry data. This development is significant for companies involved in the EV sector, particularly those operating in or exporting to China.

Portfolio Pulse from Charles Gross

April 15, 2024 | 9:19 am

U.S. Steel and Nippon Steel are delaying their $14.1 billion deal due to political and regulatory challenges, with a potential extension into 2025. Atlas Lithium secures financing and supply agreements with key suppliers to major tech firms, aiming to accelerate production with a new plant in Brazil. ATI completes an expansion enhancing its specialty rolled products capabilities. Argan reports a 26% revenue increase in fiscal 2024, with optimistic outlooks despite some project losses.

Portfolio Pulse from austin@walkonholdings.com

April 12, 2024 | 8:14 pm

China's vehicle sales in March increased by 9.9% year-over-year, a significant improvement from the 19.9% decline in February. Sales of new energy vehicles (NEVs) surged by 35.3% year-over-year, according to the China Association of Automobile Manufacturers.

Portfolio Pulse from Charles Gross

April 10, 2024 | 9:19 am

Electric vehicle stocks experienced a sell-off in the week ending April 5, influenced by broader market trends and company-specific news. Tesla reported its first year-over-year sales decline since Q2 2020, attributing it to production transitions and disruptions. Despite this, Ark Invest purchased $76 million in Tesla shares. Rivian celebrated its 100,000th vehicle production, while Nikola exceeded Q1 delivery expectations. Ford delayed its EV production plans, and Canoo's shares plummeted after a disappointing forecast. The KraneShares Electric Vehicles ETF saw a slight increase on Friday but fell overall for the week.

Portfolio Pulse from Shanthi Rexaline

April 06, 2024 | 1:17 pm

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, criticized Tesla, Inc. (TSLA) CEO Elon Musk for the company's poor Q1 sales, attributing it to Musk's behavior. Gerber's firm holds 3,000 Tesla shares in its AdvisorShares Gerber Kawasaki ETF (GK), which has a 2.37% portfolio weighting in Tesla. Gerber has become bearish on Tesla, predicting analysts will lower EPS estimates for 2024 and 2025. He called for a new sales strategy and a shakeup of Tesla's board, criticizing its lack of independence and failure to address Musk's behavior. Tesla's stock fell 4.90% to $166.63.

Portfolio Pulse from Shanthi Rexaline

April 03, 2024 | 6:35 am

Tesla, Inc. (TSLA) reported a year-over-year decline in Q1 deliveries and production, missing analyst estimates and sending its stock lower in premarket trading. Despite this, Tesla reclaimed its position as the world's leading battery electric vehicle manufacturer by volume. Rival Rivian Automotive, Inc. (RIVN) also reported its Q1 deliveries. Tesla's price cuts failed to significantly boost sales, and the company faces headwinds in Europe and potential supply disruptions in the U.S. Tesla's Q1 earnings report is anticipated on April 23, with investors looking for updates on a sub-$30,000 electric vehicle and the Full Self-Driving software rollout.

Portfolio Pulse from Shanthi Rexaline

April 02, 2024 | 1:18 pm

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