Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
Publishing timestamp: 2024-10-31 02:23:01
Summary
BYD reported higher revenue than Tesla for the first time in the third quarter, but Tesla still leads in net profit and year-to-date sales. Both companies are facing tough competition in the Chinese EV market and are ramping up production in Europe to work around new tariffs imposed by the European Union.
Sentiment: MIXED
Tickers: TSLA, ZE594-CN, 104-SZ, BYDDF,
Keywords: breaking news: technology, sanctions and embargoes, tesla inc, saic motor corp ltd, energy, trade balance, byd co ltd, elon musk, earnings, business news, electric vehicles, autos, european commission, turkey, technology, eu, berlin, electric vehicle manufacturing, singapore,