比亚迪股份一度跌超8%，大摩称价格战加剧或令投资者更趋悲观

Core Viewpoint - Morgan Stanley indicates that BYD has officially announced price discounts for its mass-market models, signaling significant pressure in the end market, which may lead to increased pessimism among investors as they expect stock prices to eventually revert to fundamentals [1] Group 1 - BYD's announcement of price discounts follows earlier implementations of some discounts starting in April [1] - The intensification of the price war is likely to contribute to a more negative outlook from investors [1] - Investors are concerned that stock prices will need to align with fundamental values due to the ongoing market pressures [1]