Advertisement China's brutal EV battle shows no signs of letting up.BYD is asking suppliers to cut prices and Tesla is rolling out more discounts.The price war is putting some smaller Chinese players under financial pressure.BYD and Tesla have been playing a game of how-low-can-you-go on EV prices in China for the past year, and they don't seem to be slowing down anytime soon.The rivals are asking suppliers to cut prices and rolling out discounts as they prepare for another round in an ongoing EV battle.Ad ...

The BYD ( OTCPK:BYDDF ) vs. Tesla (NASDAQ: TSLA ) war has officially begun, though it’s been going on longer than the market knows. BYD reported 3Q24 earnings late last month, and everyone and their grandmother reportedI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market navigating the technol ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

California Gov. Gavin Newsom may exclude Tesla and other automakers from an electric vehicle (EV) rebate program if the incoming Trump administration scraps a federal tax credit for electric car purchases. Newsom proposed creating a new version of the state’s Clean Vehicle Rebate Program, which was phased out in 2023 after funding more than 594,000 vehicles and saving more than 456 million gallons of fuel, the governor’s office said in a news release on Monday."Consumers continue to prove the skeptics wrong ...

Key TakeawaysTesla shares were little changed early Tuesday after falling 4% yesterday amid uncertainty over new California electric vehicle tax credits and bearish commentary from analysts at UBS. The stock's recent bullish price momentum may have temporarily hit the skids after the shares initially climbed to their highest level in more than two years on Monday before undergoing an intraday reversal to close near the day’s low.Investors should watch key support levels on Tesla's chart around $310 and $265 ...

With Tesla Inc (NASDAQ:TSLA) having gained over $350 billion in market capitalization since the US election, analysts at UBS urged investors to think hard about whether the company deserved its valuation of almost $1.1 trillion.  The near-40% surge in the shares since the US election, outpacing the broader S&P 500, was mostly down to the classic "animal spirits" of the market, fueled by some views that President-elect Donald Trump's second administration will benefit the company more than rivals. Trump has ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Electric vehicle makers are in a rough spot. Apart from trailblazer Tesla (NASDAQ: TSLA), other EV stocks have seen significant losses throughout 2024 — driven primarily by a challenging macro environment and the fact that traditional carmakers have largely entered the market, leveraging their scale to dash the hopes of ambitious newcomers.Rivian Automotive (NASDAQ: RIVN) is one such company — since the company’s listing in November of 2021, RIVN stock price has been on a consistent downward trajectory. In ...

Tesla Stock Performance and Valuation - Tesla stock has rallied by over 45% since November 5th, 2024, with its market cap now standing at over $1.1 trillion [1] - Tesla trades at about $352 per share, or approximately 108x consensus 2025 earnings, which is considered a lofty multiple [1] - Tesla's stock returns were 50% in 2021, -65% in 2022, and 102% in 2023, with a 44% year-to-date return in 2024 [1] - Tesla's current market capitalization is more than the next 20 largest automakers combined, raising concerns about overvaluation [3] Regulatory and Political Influence - Elon Musk's strong rapport with President Trump has sparked hopes for regulatory shifts that could favor Tesla [1] - Trump has appointed Musk to lead a new advisory commission, DOGE, aimed at streamlining the federal government and improving efficiency [1] - There is a strong possibility that government subsidies for electric vehicles (EVs) will be reduced or eliminated under Trump, which could benefit Tesla as a low-cost producer [2] - Trump is expected to boost Tesla's self-driving business by potentially streamlining federal-level regulations for autonomous vehicle technology [6] Market Share and Competition - Tesla's ability to control costs and maintain profitability gives it a distinct edge over less efficient competitors in a more free market environment [2] - Tesla delivered under 2 million cars last year, while the total automotive market stood at roughly 90 million units [3] - The early adopter market for EVs appears to be saturating in countries such as the U.S., with buyers rediscovering hybrid vehicles, which saw a 31% increase in deliveries in Q2 2024 [3] - Chinese EV players have made compelling vehicles with cutting-edge technologies at competitive prices, posing a challenge to Tesla's international business [4] Product Lineup and Innovation - Tesla's product lineup is showing its age, with the Model S, first launched in 2012, only receiving incremental design updates [4] - The barriers to entry in the EV market are relatively low, leading to more new players challenging Tesla [4] - Tesla's autopilot faces strong competition from Alphabet's Waymo robo-taxi business, which may be worth trillions to Alphabet stock [6] - Chinese companies like Baidu have made significant strides in autonomous driving, with Baidu's RT6 autonomous taxi costing under $30,000 per unit [7] Financial Performance and Revenue Trends - Tesla's revenue is poised to grow by just about 3% per consensus estimates in 2024 [9] - Automotive gross margins stood at around 16% in the most recent quarter, down from about 29% in late 2021 [9] - Tesla's aggressive price cuts over the past year appear to have lost their initial impact as price competition grows fiercer [3] Trade Policies and Tax Cuts - Investors believe Trump could boost Tesla through higher tariffs on imported EVs and greater access to international markets [8] - Trump's focus on tax cuts for U.S.-based manufacturers could benefit Tesla, which does a bulk of its manufacturing in the U.S. [8]

Tesla Faces Exclusion From California EV Credits Amid Trump Row. What It Means for the Stock. ...