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

Electric vehicle stocks fell in the week ending Jan. 5, with Tesla's Q4 deliveries exceeding expectations but not enough to lift the sector. Tesla lost its global EV leader status to BYD, faced a recall in China, and will provide 2024 guidance on Jan. 24. Rivian's Q4 deliveries slightly missed estimates, while Fisker adopted a dealer distribution model. Ford adjusted F-150 Lightning prices, and GM plans to compensate buyers for lost EV tax credits. The KraneShares Electric Vehicles ETF fell by 5.53% for the week.

Portfolio Pulse from Shanthi Rexaline

January 06, 2024 | 2:59 pm

Goldman Sachs initiated coverage on Li Auto Inc (NASDAQ:LI) with a Buy rating and a price target of $52.90, suggesting a 52.9% upside. Analyst Tina Hou highlighted Li Auto's strong position in China's NEV market, innovative technology, and robust growth prospects with new model launches and an expanding sales network. Risks include market demand fluctuations and competition. Goldman is neutral on NIO Inc due to decreasing market share and a mature product lineup. Li Auto's growth is underscored by a 182% year-on-year increase in deliveries, with over 50,000 cars in December 2023.

Portfolio Pulse from Surbhi Jain

January 03, 2024 | 8:21 pm

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) surpassed Tesla, Inc. (NASDAQ:TSLA) in Q4 sales volume, sparking debates among social media users and Tesla enthusiasts. Elon Musk emphasized that Tesla is an AI/robotics company, not just a car manufacturer. Tesla fans argue that BYD's success is limited to China and lacks Tesla's technological edge, such as full-self-driving (FSD) software. Despite Tesla's Cybertruck not generating expected excitement, analysts are hopeful about Tesla's future, especially with the anticipated $25K model. Ark Invest maintains a $2,000 price target for Tesla by 2027, with robotaxi operations being a significant value driver.

Portfolio Pulse from Shanthi Rexaline

January 03, 2024 | 12:44 pm

BYD Co Ltd is rewarding its dealers with 2 billion yuan for meeting 2023 sales targets after outselling Tesla in Q4 global electric car sales. Dealers receive 666 yuan per vehicle sold. BYD's aggressive expansion and price cuts, along with securing a level 3 autonomous driving test license, aim to boost sales and maintain its lead over Tesla.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 7:26 am

Rivian Automotive Inc (NASDAQ:RIVN) experienced a stock sell-off after reporting Q4 deliveries that slightly missed forecasts, with 13,972 EVs delivered against an expected 14,114. However, production exceeded expectations at 17,541 vehicles, suggesting supply constraints rather than demand issues. Future Fund's Gary Black anticipates Rivian's 2024 production guidance to be at least 70,000 units. Rivian is seen as a potential strong competitor to Tesla Inc (NASDAQ:TSLA), which exceeded its Q4 delivery and production targets.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 7:18 pm

Tesla, Inc. (TSLA) reported Q4 deliveries surpassing estimates and achieving its full-year sales target of over 1.8 million units. Rivian Automotive, Inc. (RIVN) also reported Q4 and full-year production and deliveries, exceeding its full-year production guidance. Tesla's next earnings report is expected on Jan. 24, 2024, with analysts predicting an EPS of 74 cents and revenue of $25.258 billion. Tesla's stock rose premarket, despite broader market indications of a lower opening.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 2:10 pm

A KPMG and Global Semiconductor Alliance survey indicates 'automotive' as the top revenue driver for the semiconductor industry in 2024, with EVs expected to lead. The S&P Global Mobility forecasts a rise in BEV sales for 2024. Tesla (TSLA) showed a 130% return in 2023, while Chinese EV companies like Li Auto (LI), XPeng (XPEV), and BYD (BYDDF, BYDDY) had varied returns. NIO (NIO) saw a 6% loss. BYD offers the best value with a 0.9 EV/Sales (FWD) ratio, while Tesla appears overvalued with 7.96 EV/Sales (FWD). Li Auto trades at a favorable 1.58 EV/Sales (FWD) ratio. Investors should consider these valuations in the growing EV market.

Portfolio Pulse from Surbhi Jain

January 02, 2024 | 1:20 pm

Wang Chuanfu, CEO of BYD Co., has been praised by Charlie Munger for his manufacturing prowess, surpassing Elon Musk in this regard. BYD, a Chinese EV maker, is challenging Tesla's market dominance with its range of affordable electric vehicles. Warren Buffett's Berkshire Hathaway invested in BYD in 2008, recognizing its potential. BYD's success is also due to competition with other Chinese EV makers like Nio Inc and Xpeng Inc. The company is expanding globally and is expected to launch third-generation EVs next year.

Portfolio Pulse from Ramakrishnan M

January 02, 2024 | 12:05 pm

Tesla, Inc. (TSLA) is set to release its Q4 delivery data, a key indicator for its upcoming earnings report. Analysts predict around 480,500 units for Q4, with some estimates reaching 505,794 for production and 479,000 for deliveries. Tesla needs 475,926 units in Q4 to meet its annual target of 1.8M deliveries. BYD Co. Ltd. (BYDDY) (BYDDF) reported strong Q4 EV sales, challenging Tesla's dominance. Tesla's price cuts in 2023 affected margins, leading to Q3 misses. The Cybertruck launch and changes in U.S. EV subsidies may influence future pricing and demand. Tesla's stock ended 2023 up 101.72% despite a recent drop.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 8:38 am

Chinese EV makers NIO, XPeng, Li Auto, and BYD reported strong December deliveries, with BYD on track to challenge Tesla's global EV dominance. XPeng and Li Auto achieved record monthly and quarterly deliveries, while BYD reported record quarterly BEV deliveries. Despite economic challenges, these companies ended the year positively, with new model launches and partnerships, such as XPeng's deal with Volkswagen. Tesla is expected to report lower Q4 deliveries compared to BYD, but may still lead in annual totals.

Portfolio Pulse from Shanthi Rexaline

January 01, 2024 | 2:04 pm

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