The Dow Jones Industrial Average rallied Monday after key economic data. Tesla stock skidded after cutting prices in China. Read More...
Investor’s Business Daily
Tesla Stock Vs. BYD Stock: Tesla Cuts China Prices; ‘Real Challenger’ Sees Soaring Profit
Tesla and BYD Co. are both fast-growing EV giants. While a lot of attention falls on startups such as Rivian Automotive, Lucid, Nio, Xpeng and Li Auto, as well as traditional automakers pushing into EVs, such as General Motors and Ford Motor, Tesla and BYD are setting the pace. Tesla reported strong earnings and revenue growth on Oct. 19.
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