$Tesla Motors(TSLA)$ 🚨 BYD Re-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Tesla Motors(TSLA)$

🚨 BYD Revenue Eclipses $TSLA for First Time as EV Giants Go Head to Head

BYD Co. notched up another win over Tesla Inc., reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head-to-head in global electric vehicles sales.

Revenue for China’s best-selling automaker soared 24% year-on-year to 201.1 billion yuan ($28.2 billion) for the three months ending Sept. 30, falling short of estimates, but exceeding Tesla whose sales hit $25.2 billion in the same period.

Net income increased 11.5% to an all-time high of 11.6 billion yuan, surpassing consensus, after BYD sold an unprecedented 1.12 million electric and plug-in hybrid vehicles last quarter. It generated a gross margin of 21.9%. Its profit however is still overshadowed by the $2.2 billion Tesla earned$BYD Co., Ltd.(BYDDY)$

EV Subsidies Canceled: Will Tesla Drop Under $300?

Tesla's stock price dropped by 5.7% due to the Trump team considering canceling the $7,500 tax credit for electric vehicles to fund its tax cut plan. This credit was one of the measures introduced by Biden to combat inflation. --------------- At what price would you add Tesla? What's your target price for Tesla? Is Tesla's dream shattered?

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