Etiqueta: Report

BYD (BYDDY) generates more revenue than Tesla but trades at a fraction of its value. Strong global growth offsets China risks, offering a compelling EV play.

Tesla’s CEO Elon Musk criticized the analysis of European sales in August by Reuters, which wrote in its headline that Chinese giant BYD outsold the US brand in the EU.

Last week, Financial Times reported that China was prohibiting major tech companies from buying AI chips from Nvidia, as the country grows confident in its domestic semiconductor industry.

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

Berkshire Hathaway has exited BYD after 17 years, closing a stake that yielded over twentyfold returns, according to a company filing

BYD (BYD, 1211.HK) stock drifted lower in Monday's session after CNBC reported Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett sold off the firm's full stake in the Chinese EV maker. Yahoo Finance senior autos reporter Pras Subramanian breaks down the latest. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Market Catalysts host Julie Hyman tracks several of the day's top trending stock tickers, including Oracle (ORCL) as it is named in the framework of a TikTok deal, Compass, Inc.'s (COMP) bid to buy Anywhere Real Estate (HOUS) for $1.5 billion, and Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett announcing that he has sold his entire stake in BYD (1211.HK, BYDDY). To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

Shares of BYD (BYDDY) fell over three percent in trading overnight in Asia after Warren Buffett's Berkshire Hathaway exited its longtime stake in the Chinese electric vehicle maker. Meantime. Porsche (PAH3.DE) is under pressure after slashing its profit guidance and Snap (SNAP) is on a tear in the pre-market, extending a recent run higher in the last week.

Berkshire Hathaway exits longtime stake in Chinese EV maker BYD, ending 17 years of Buffett backing amid shrinking profits and rising competition.

BYD Co. shares dropped the most in three weeks after a report that Warren Buffett’s investment firm offloaded its stake in the Chinese electric-vehicle maker.