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

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

In 2023, the EV industry faced production and demand challenges, with Tesla, Inc. (TSLA) doubling its stock value after aggressive price cuts. Rivian Automotive, Inc. (RIVN) also ended the year positively, maintaining production forecasts and managing costs. Global EV adoption slowed due to affordability and infrastructure issues. Tesla's North American Charging Standard gained significant adoption from other automakers. Legacy automakers scaled back EV plans due to strikes and demand slowdown. Analyst Gary Black views Tesla as the only investable EV company, with BYD and Rivian as potential winners. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 7.85% for the year.

Portfolio Pulse from Shanthi Rexaline

December 30, 2023 | 3:28 pm

Following Charlie Munger's death, Daily Journal Corp. (DJCO) has warned shareholders of potentially lower future returns, acknowledging Munger's irreplaceable role in managing their $300M stock portfolio. Munger, also vice-chairman of Berkshire Hathaway (BRK), had led the publisher's investment strategy, focusing on a few companies like Bank of America (BAC), Wells Fargo (WFC), and BYD (BYDDY, BYDFF). The portfolio, which started with a $20.4M investment, grew significantly under Munger's guidance.

Portfolio Pulse from Rounak Jain

December 30, 2023 | 2:10 am

Xiaomi Corporation (OTC:XIACY) has unveiled its first EV, the Xiaomi SU7, aiming to compete with Tesla (NASDAQ:TSLA) and Porsche. Nio (NYSE:NIO) introduced its flagship sedan, the ET9, targeting the luxury EV market and challenging Porsche Panamera and Tesla. Xiaomi's CEO Lei Jun claims the SU7 outperforms the Porsche Taycan and Tesla Model S in acceleration and other metrics. The SU7 is part of Xiaomi's strategy to create a smart ecosystem and is compatible with Apple Inc (NASDAQ:AAPL) products. XPeng (NYSE:XPEV) is also set to launch its X9 model, continuing its sales growth in the EV market.

Portfolio Pulse from Upwallstreet

December 29, 2023 | 8:38 pm

Gene Munster of Deepwater Asset Management warns that Tesla, Inc. (TSLA) should be wary of competition from Chinese EV makers and Apple Inc. (AAPL). Despite Tesla's strong performance and investor optimism, Munster suggests that Chinese companies like Xiaomi Corporation (XIACY) and BYD Co. Ltd. (BYDDY, BYDDF) could pose a threat. He also believes traditional automakers are not a concern for Tesla. Munster predicts Tesla will maintain its U.S. market share through 2024, contrary to some expectations. Additionally, he speculates on the possibility of an Apple Car within the next five years.

Portfolio Pulse from Shanthi Rexaline

December 29, 2023 | 7:12 am

Xiaomi Corp. has unveiled its first electric vehicle, the SU7, aiming to compete with Tesla and Porsche in the EV market. The SU7, developed with batteries from CATL and BYD, represents a $10 billion opportunity for Xiaomi. The company is partnering with Beijing Automotive Group Co. and is working on obtaining a sales license in China, with sales expected to start next year. Xiaomi's CEO Lei Jun is committed to winning in the EV space, with significant investment in R&D.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 9:04 am

Canaccord Genuity's George Gianarikas suggests Tesla Inc. (NASDAQ:TSLA) could maintain its lead in the EV market based on profit share rather than unit sales, similar to Apple's strategy in the smartphone industry. Despite potential competition from BYD (OTC:BYDDF) (OTC:BYDDY) in terms of sales volume, Tesla's focus on high-margin products like Full Self-Driving software and vertical integration could ensure higher profits. Tesla is expected to deliver 1.82 million vehicles in 2023, a 37% increase from the previous year, and is planning a major Model Y overhaul in China for mid-2024.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 3:03 am

Toyota Motor (NYSE:TM) is expected to maintain its position as the world's best-selling automaker, outperforming Volkswagen AG (OTC:VWAGY). Meanwhile, BYD Company Limited (OTC:BYDDY) is projected to surpass Tesla Inc (NASDAQ:TSLA) as the leading EV seller. Toyota's sales rose 12% YoY in November, with a significant increase in China. BYD's growth signifies China's rising dominance in the EV market. Tesla faces challenges with its Cybertruck and reported lower than expected Q3 deliveries. Tesla plans a Model Y revamp in Shanghai for mid-2024 production, but BYD is likely to outsell Tesla in the current quarter.

Portfolio Pulse from Upwallstreet

December 27, 2023 | 5:47 pm

BYD Company has received a conditional testing license for Level 3 autonomous driving on high-speed roads in China, marking progress in the EV maker's autonomous technology. This is the first such license granted in China since BYD's initial award in July. The development reflects the increasing competition among automakers in China's autonomous driving space, with BMW and Mercedes Benz also pursuing similar advancements. BYD's stock (OTC:BYDDY) closed higher by 1.27% at $53.38 following the news.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 10:57 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.