Etiqueta: Elon Musk
Yesterday’s darling China’s ace EV maker BYD suffers $45 billion stock...
Chinas EV champion BYD has suffered a massive $45 billion stock sell-off, losing more than 30% of its market value in just four months. The sell-off is mainly due to a sharp 30% plunge in BYD's June-quarter profit, marking its first profit drop in over three years.
Tesla Sales Crash 40% in Europe While BYD Soars 225%
Tesla's sales continue to plummet in Europe. The American automaker saw a 40% drop in July sales, while Chinese rival BYD experienced a staggering 225% increase. The European Automobile Manufacturers Association (ACEA) released July's automotive sales figures today, confirming that battery-electric vehicle sales surged by 39.1%, outpacing the growt...
BYD Challenges Tesla in Europe with Expansion to 100 German Sites...
Chinese automaker BYD is aggressively challenging Tesla in Europe by expanding German sales locations to 100 by 2026, unveiling new models, and starting production in Hungary by 2025. Amid Tesla's 40% sales drop, BYD's registrations surged 225% in July 2025. BYD aims to become Europe's top EV seller by 2030.
Luxury rivals BMW and Mercedes target Tesla and BYD with new...
BMW and Mercedes are done watching Tesla play king. The two biggest luxury brands from Europe have just thrown down the gauntlet with all-electric SUVs meant
BYD strikes at Tesla — America shocked by new sedan’s unseen...
BYD and Tesla are locked in a global battle for EV dominance — and now, the Chinese automaker has raised the stakes, adding a new car to its lineup.
American Eagle, Jet2, Tesla Rival BYD: Trending Stocks
Join Ramzan Karmali as he dives into today's trending tickers. American Eagle (AEO) gets a big pop after gaining unprecedented popularity with Gen Z customers after its marketing campaign with Sydney Sweeney. Nothing beats a Jet2 (DG1.F) holiday - except dwindling demand for trips abroad. And Tesla (TSLA)'s main rival, BYD, (002594.SZ) cuts its sales targets for 2025. Watch more from Market Sunrise on the Yahoo Finance homepage.
BYD cuts full year sales target by 16% as EV price...
BYD, the top-selling electric vehicle manufacturer on earth, has reduced its 2025 end of year sales forecast from 5.5 million cars to 4.6 million, a 16% cut
Tesla-Killer Batteries Don’t Belong With BYD
The Chinese automaker would benefit from hiving off its FinDreams unit.
Tesla, GM Supplier CATL Dominates Global EV Battery Supply Charts With...
CATL leads global EV battery market with 37.5% share, followed by BYD at 17.8%. South Korean companies LG and SK also see growth.
China EV Market Shifts: Tesla, BYD Sales Fall as Rivals Rise
In China's EV market, consumers are shifting from Tesla and BYD amid sales declines—Tesla down 5% and BYD 14.3% in August—due to economic slowdowns, aging products, and CEO controversies. Emerging rivals like Xiaomi and Zeekr gain ground with innovation and pricing, prompting industry leaders to adapt through diversification and new strategies.
