BYD Co. stock (BYDDF) and Tesla stock ( NASDAQ:TSLA ) are two rapidly expanding EV titans. While startups like Rivian Automotive (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV), and Li Auto (LI), as well as established automakers like General Motors (GM) and Ford Motor (F) are moving into EVs receive a lot of attention, Tesla and BYD are leading the way.
On October 2, Tesla ( NASDAQ:TSLA ) announced record deliveries for the third quarter . Still, they fell well short of expectations because of growing concerns about China’s demand. Although Tesla’s Q3 earnings are coming Wednesday night, investors will concentrate on future expansion.
Despite mounting worries about the general market for EVs in China, BYD reported record-breaking September sales that surpassed 200,000 for the first time. Several new EVs, including a Tesla Model 3 challenger, has been introduced by the EV and battery giant. BYD reached Thailand, Laos, and India last week, and deliveries will start this month in several European nations. BYD’s expansion may be unmatched in the car sector in terms of both quantity and speed.
BYD released enormous preliminary third-quarter financial results. In a few weeks, we’ll most likely get the official findings.
Over the past four weeks, Tesla stock ( NASDAQ:TSLA ) has plummeted to a 15-month low. The price of BYD shares is down seven months.
Let’s compare Tesla ( NASDAQ:TSLA ) and BYD, as well as each company’s stocks.
Sales of Tesla vs. BYD
Tesla ( NASDAQ:TSLA ) announced Q3 deliv...
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