Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

67.72

Mkt cap

110B

Volume

46K

High

67.93

P/E Ratio

21.07

52-wk high

83.67

Low

67.45

Div yield

0.01

52-wk low

43.62

U.S. stocks had a shaky start to 2024 after a strong finish in 2023. Apple Inc. faced a sell-off due to a downgrade by Barclays, raising concerns about its future market performance. Netflix Inc. is exploring revenue generation from its gaming business. Oil prices surged due to tensions in the Red Sea region. BYD Co. Ltd. surpassed Tesla Inc. in EV sales last quarter. The U.S. labor market remained strong with a better-than-expected December jobs report. Online holiday spending hit record levels, and Pharrell Williams was seen driving a Tesla Cybertruck.

Portfolio Pulse from Piero Cingari

January 05, 2024 | 9:03 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

BYD Company Limited surpassed Tesla in battery-only EV sales for the first time, ending 2023 with over 3 million new EVs produced. Tesla, while still leading in battery-only production, delivered 1.8 million EVs in 2023. Xiaomi Corporation announced its entry into the EV market, challenging Tesla and Porsche. Li Auto Inc reported a record high in deliveries and a 182% YoY growth, with plans to launch a battery-powered vehicle. XPeng Inc reported a 17% YoY rise in deliveries and record figures for December and Q4. BYD's in-house battery production has allowed it to cut prices and boost sales, despite falling short of CLSA's expectations.

Portfolio Pulse from Upwallstreet

January 02, 2024 | 6:56 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

U.S. stock futures are down on the first trading day of 2024, with investors cautious ahead of economic reports and Fed speeches. Crude oil prices rise due to geopolitical tensions, and cryptocurrencies surge. The Nasdaq and S&P 500 ended 2023 on a high, with the Nasdaq up 43% for the year. Analysts predict a strong year for tech stocks, particularly with AI advancements. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) are down in premarket trading. Tesla (TSLA) is in focus with its Q4 delivery report due, while Chinese EV makers Nio (NIO), XPeng (XPEV), and Li Auto (LI) see premarket declines despite strong delivery numbers.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 12:45 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

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