BYDDY News and Press, BYD Co Ltd ADR From 07/17/23

2023-07-17 10:06:00 ET Summary I am moving my Tesla rating back to "Sell" based on the reappearance of extreme overvaluations and excessive investor enthusiasm. A material price decline into 2024 is likely. Tesla's valuation is quite stretched compared to other tech giants, EV man...

2023-07-15 02:56:20 ET Summary The BATT ETF invests in companies involved in battery storage solutions, battery metals & materials, and electric vehicles. Tesla 2023 Shareholder Day forecast we need to increase EV production by 11x/yr and battery production by 29x/yr to reach ...

2023-07-12 10:59:05 ET Summary BYD has stopped making vehicles powered solely by an ICE (Internal Combustion Engine). The company makes hybrids in China, but a focus is on hybrids having a battery of significant size. BYD’s export focus is on relatively cheap, but well-...

2023-07-11 13:43:45 ET Automobile sales in China rose 4.9% year-over-year in June to 2.62M for the broad category that includes passenger and commercial vehicles, according to the China Association of Automobile Manufacturers. However, monthly retail sales fell 2.8% during the month. New en...

2023-07-10 21:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-07-10 14:06:28 ET Summary NIO Inc. stock has been on a gradual uptrend over the past month, gaining almost 20% in value despite ongoing challenges in the pricing environment and modest Q2 delivery volumes. Rising competition and a deteriorating macroeconomic environment in Ch...

2023-07-09 05:46:54 ET Summary BYD now sells approximately 1 in every 5 'plugin' electric cars globally and 2 in every 5 in China. BYD is ranked number 1 globally for 'plugin' electric car sales. BYD & Tesla are way out in front of their peers in terms of global plugin electri...

2023-07-07 20:00:46 ET Summary Contrary to popular opinion, Tesla, Inc. is losing in autonomous drive. Ford Motor Company is one of the most leveraged automakers in the world and is generating excessive recalls. With just a 1.4% earnings yield, there seem to be misconceptions ...

2023-07-07 12:00:07 ET Summary While BYD's valuations may have been geopolitically discounted compared to TSLA's, we believe its NTM P/E of 28.99x still looks promising, compared to F's and GM's. Perhaps this has to do with its higher gross margins, thanks to China's lower cost of...

2023-07-07 08:51:43 ET Summary Global electric car sales for May 2023 were up 50% YoY to 16% share - China sales were up 54% to 35% share, Europe was up 38% to 23% share, USA was up 68% to 8% share. EV market news - Ford, GM and Rivian, Volvo & Polestar to join Tesla's EV char...