Etiqueta: US

Tesla's troubles across the pond in Europe are worsening. Per the European Automobile Manufacturers' Association, Tesla EV registrations (a proxy for sales) in Europe fell to just 8,837 units in July, a 40.2% drop compared to a year ago. Meanwhile, overall EV registrations in the region, which includes the UK and the European Free Trade Association, rose 33.6% in July, with overall registrations up 5.9%.

Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD.

BYD has begun exporting cars made in Thailand to Europe, partly in response to Thai policies that apply to vehicle imports.

Support CleanTechnica's work through a Substack subscription or on Stripe. There’s a lot of electric vehicle growth and development happening in smaller markets that have traditionally not gotten much attention. We here at CleanTechnica are trying to cover this growth, but, admittedly, it’s hard to track it all. The good ... [continued]

While 3000hp+ hypercars setting records can seem pointless to many, the technological development and testing can benefit more practical EVs. Racing can also go a long way toward changing consumer perceptions and building excitement for the transition to electric vehicles.

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

If you’ve been eyeing Boyd Gaming (BYD) lately, the company’s latest move is worth a closer look. Boyd finalized the sale of its 5% equity stake in FanDuel to Flutter Entertainment for $1.76 billion, which is no small transaction. This major step not only unlocks significant capital but also positions Boyd to trim debt and pursue new strategic growth plans. In addition, management increased share repurchases and reaffirmed the dividend. This signals an ongoing commitment to shareholder...

The Hang Seng Index will react to new calls that Chinese stocks were in a bubble and top earnings by companies like Alibaba and BYD.

Overall, BYD's sales are driven by product. New product is taking over while older product falls back. While Black PR has likely had some temporary effect, strong product tends to overcome it in the long term. Last year, BYD had stronger PHEV product introductions and sales. This year, BEV has had stronger product introductions and sales. It is hard to be sure what next year will bring. More effort might go to product for outside markets, with growth shifting accordingly. But with over 120,000 R&D engineers and more EV intellectual property than anyone, I would bet that the long-term "peak" is a far down the road.

Earlier this month, Boyd Group Services Inc. completed a private placement of CAD 275 million in senior unsecured notes due 2033 at a 5.75% interest rate and expanded its revolving credit facilities to USD 575 million, with the potential to increase to USD 875 million. This significant boost in available capital enables the company to fund future initiatives, providing increased flexibility for growth and operational execution. We'll explore how Boyd Group's expanded debt facilities and...