Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

100.09

Mkt cap

156B

Volume

274K

High

102.98

P/E Ratio

31.99

52-wk high

103.38

Low

100.09

Div yield

0.01

52-wk low

50.00

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

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

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