BYD

Kanolie

The car industry is fine. Toyota grew revenue by over 20%, Gm grew revenue by about 7%. In Q1, BYD grew profit by 10% and revenue by 4%. Tesla's net income dropped 45% and only made $1.5 billion in Q2. GM made $2.9 billion in net income in the same quarter, about twice that of Tesla. They are most certainly NOT having amazing results. Their car production growth has basically stopped and they have to keep cutting prices to sell the cars they are making.

Super-Base-

BYD sales included cars like the dolphin which Tesla has no direct competitor to and their other vehicles like busses. And as of last couple quarters Tesla outsold them anyway.

Deep90

You could run comparisons all day. The reality is that Tesla sells less cars in a world where BYD exists.

Super-Base-

BYD cars are not as good as Tesla.

Deep90

I think maybe they meant the cars themselves. Globally, I would say that is probably BYD. In the US. I wouldn't say there is one specific brand, but Tesla went from being the only option to now being one of many options, which is naturally cutting into market share. Additionally. A lot of people don't seem ready to commit to EVs just yet. Toyota basically sells every hybrid they can get on a lot.

smooth_and_rough

In related news, berkshire hathaway has been dumping its stock in china EV company called BYD.

TwitterRefugee123

BYD will own Tesla in 5 years time. Maybe sooner the way things are going

TheLostBuckeye

Did BYD report yet?

TheLostBuckeye

What is BYD stock ticker

Various-Issue-1814

just loaded up BYD puts

GapResident9678

BYD puts - COLB puts. Inverse me if you want

Wed2myShredSled

it's pretty wild that the company is making so many mistakes but the stock still isn't back down to reality. The car design is old and stale. The 4680 battery didn't really work out as planned. The cybertruck is only selling to a small niche. The low cost Model 2 is on the back burner. Growth in deliveries has stalled out/peaked. Trump will likely be president and remove the $7500 IRA tax credit, obliterating Tesla's profitability. The only things going for them are: 1) tariffs on BYD imports. 2) energy storage is growing. (and energy storage is literally just batteries in boxes, not something TSLA has any kind of strategic advantage on).

Dismal_While579

what are we playing today boys? BYD?

farloux

BYD has vertically integrated sodium battery production for their EVs. It’s obviously an interest to them. Otherwise they’d be wasting their money.

tmpha

I’m from Australia and the BYD seals we have in our market actually look incredible on the outside. I’m not a fan of EVs in general though haha, need the good ol’ V6 and V8 sound 😂.

lrerayray

BYD gained so much market share here in Sao Paulo (Brazil) that its quite baffling.

gottatrusttheengr

BYD also took a hit YoY. Q4 2023 BYD briefly sold more EVs than Tesla, in 2024 the crown was quickly handed back.

LeMAD

Now compare it to Toyota, Hyundai or BYD. American and European car makers are in deep shit.

Fun-Journalist2276

BYD cheaper and better!

perthguppy

Yeah. I’m in Australia, so being a RHD market not quite as much competition. However the entry price for a BYD here is about 2/3 that of the starting price for a model 3, so it’s a very attractive option for a run around fleet car for my employees, and the Seal that is a direct competitor to the Performance 3 is cheaper than a LR 3 with the specs of a performance 3

di11deux

Global market share of EVs has increased every year. It’s not so much an industry issue as it is a North American market issue. China is the biggest EV market, and BYD is smoking Tesla there. Tesla is also really only the major American car manufacturer selling EVs there. Europe is the second largest market. Again, cheaper Chinese alternatives are outpacing Tesla. The U.S. is the third largest market. Here, you have Tesla now competing against almost every major car manufacturer. The Hyundai IONIQ sales grew 51% compared to last year, so the demand is there - it’s just being more evenly distributed. So Tesla is facing increased competition both at home and abroad while simultaneously repulsing his traditional customer base in the U.S. with his dickweed politics. A recipe for contraction.

romt_25

BYD’s is eating into Tesla’s profits. The only thing stopping BYD for clawing a large share of the EV market is massive tariffs in US intended to keep them out.

ryanpaulowenirl

Raytheon & Honeywell to pump BYD and Digital reality to tank.

rideincircles

BYD wouldn't crush Tesla, but they could lead. What their gross margins are would be the concern, and they would crush all the other competition for certain. Tesla still does fine in China.

WinningWatchlist

A large portion of the valuation of TSLA is based on a massive percentage of US consumers switching over to EV after their current ICE vehicle- we're not seeing that mainly because even the Model 3 is out of reach for the average American. If tariffs protecting and subsidizing the American EV industry didn't exist then BYD

Tookmyprawns

They’re not the top EV seller globally. One of their cars (Model Y) is a top seller. Top selling ev car =! Top selling ev manufacturer. BYD sold twice as many cars as Tesla in 2023. 2024 will be even greater difference. But more importantly regarded the US market: Top seller in a shrinking, and already small, market is not a great place to be. Without incentives, at least in the US, EVs will become less popular.

Medical_FriedChicken

I agree they would still be the top seller for a time and maybe that run continues if they actually come out with something more affordable, but ICE cars still have a larger market share where these big companies can maintain profits and bring more ev competition online. Didn’t even mention that BYD is going to crush Tesla in global sales in the not to distant future. There are already a lot of Chinese cars in Europe. You also have to think a large driver of ev sales in the US are the rebates. I wouldn’t put a lot money on it myself but I’d make a cheap bet Tesla itself could be in a tough spot once they go (like takeover territory by a traditional car company)

Chromewave9

About 40% of VW's profit and revenue come from China. This is mainly through ICE vehicles - something China is rapidly phasing out from. Because China previously did not have a strong auto manufacturing industry, their rapid increase in EV is tied to China wanting to be a powerhouse in this industry so they can take market share. VW is in serious trouble with this EV transition. Chinese buyers are going to start buying local and with tariffs/trade tensions with Europe imposing on China, China will have no choice but to do the same to European automakers and then Chinese will just buy domestic car brands such as BYD, Xpeng, Nio, Tesla, etc., I'd hate to beat around the bush but EV sales will outpace ICE sales in the near future. It's not an if but when. Very few companies are equipped to handle this transition and stay profitabile. Ford/GM have no chance. Toyota/Hyundai/BYD are the top three outside of Tesla that will continue their dominance.

BreakthroughPain

BYD is Boyd Gaming. BYDDY is the EV maker

planethempnaarea

I had the same concern with the obvious but ended up buying puts on Ford and it will be a 3X…. Sometimes the entire sector may be facing similar challenges - I don’t know nothing about BYD … just checking the waters … Will see if more people discuss it tomorrow

planethempnaarea

Should BYD go on the same pathway as all others are going regarding EV ? Anyone playing PUTS tomorrow ?

Jaded_Masterpiece_11

The trends do not favor Tesla at all. BYD is gaining momentum everywhere outside the US. Once Toyota rolls out their own EVs it's over for Tesla. They are gonna go the way of IBM. Still big enough to survive but no longer a relevant global market leader.

carsonthecarsinogen

BYD is in China, Hyundai and Kia is actually doing well although I don’t recall ever seeing posted profits specifically from their EV division just that as a company they are profitable. I’m almost certain that BMW is not profitable on EVs. But I’ll check. Regardless, the world will not allow China to dominate. It would give far too much power to them as they already own the renewables supply chain. Tesla is also a major player in energy storage now, they’re not going anywhere.

cipherbreak

No you aren’t giving context into the rest of the industry. You handpicked the worst case. How is BYD doing? Lynk & Co? How are the profit margins on Hyundai and Kia’s EVs? BMWs? Tesla’s only saving grace is the U.S. Government’s protection. But EVs are appliances just like microwave ovens and washing machines. Once Americans realize they are paying 3x as much for a shittier EV than what the Chinese are selling everywhere else, the politicians will change their tone and once Chinese EVs make it into the U.S., it is game over for TSLA.

SoyIsMurder

>Tesla, SpaceX, Starlink, Neurolink are all innovative companies based on ideas that at first sounded impossible. Musk wasn't the founder of Tesla, and Tesla didn't invent the EV. The first electric car dates back to 1891 Starlink and SpaceX are cool, but satellites and rockets have been around since before Musk was born. Neurolink isn't a new idea. Brain-computer interfaces were first tested in the 1960s, and deep-brain stimulus has been around since 1991. There are other companies doing the same work. Musk is mostly a really effective hype man. > Tesla was supposed to become mainstream and completely dominate the EV market. That perception is now a reality:  Now that dominance is slipping fast. Tesla commanded about 55% of the US EV market last year, down from 65.4% in 2022 and a much higher 79.4% share back in 2020, The story in China is much worse (less than 10%, BYD ate their lunch).

troifa

Why was Fords ev sales down 37%? Why is BYD down 25%?

planethempnaarea

Any interesting ER Plays for tomorrow at the end of the Session ? Maybe BYD ?

investmentgame

BYD Puts

Inevitable-Ad-4192

, BYD currently and Toyota in two years, both make substantially better cars from the bottom to top

Pathogenesls

Don't forget BYD.

Inevitable-Ad-4192

Agreed and that’s why the tariffs against BYD are total BS. What happened to letting free market sort things out.

InvestorNoob88

More profitable than any other ev company out there. When all the other ev companies go out of business who else is left besides BYD and Tesla?

ixvst01

Elon sure is smart supporting a campaign that wants to eliminate EV credits, give credits for ICE car purchases, and allow BYD to produce and sell cars in America.

flyinsdog

GM, like VW, had a huge lead in China and they fucked it up by managing like westerners rather than Chinese. Now they get to lick BYD scraps if they are lucky.

Any_Assistant4791

And BYD has not yet unleash her cheap EV ready on the suspecting US car buyers

SoggyNegotiation7412

Actually read what you posted, BYD are discounting to retain market share this 1/4. You have to remember the news article is looking at old numbers as 1/4 reports do lag. BYD will be struggling to break even this 1/4 if they want to keep their numbers up because they are up against some very stiff competition from GWM, SAIC who are also selling at cost or lower. On top of this US and EU tariffs are going to destroy their sales numbers.

jonesjeffum

you havent researched BYD at all. its profitable and expanding to other regions quickly. it would only need to get one year of earnings to repay its debt - that is extremely good.

bitflag

> Energy storage is growing, but I think it's highly doubtful it will be enough of a boon to offset their reduced sales or to maintain significant growth Agreed. The issue with energy storage is that it's a low margin / high competition business. Anybody can buy cells from CAT-L or BYD, put them in a big pack, and sell or install it on the grid. Tesla has no moat (and also buys cells from the same Chinese suppliers) on a market that is excessively price sensitive.

Virtual_Spite7227

Last I checked BYD and telsa arr the only companies not selling EVs at a loss.

Thailandorbust

The real reason is bc Tesla needs the protectionism to survive. BYD producing impressive cars at 10k a pop. In a pure and rational free market, Tesla's market cap is 10%-25% of current value

Theeeeeetrurthurts

Tesla 3 needs a refresh badly. I see all of the cool shit BYD is churning out for a fraction of the cost of a Tesla and it just blows my mind. Tesla is a full generation behind what China is making right now.

pnw_sunny

makes sense, while my holding is something like 500 shares, it is a small portion of my portfolio (less than 1%). the BYD thing is solid based on the merits of their addressable market, but speculative based on the gov't overlords they are subject to.

Mustatan

Yeah that's basically the story for my big extended family since the pandemic, a lot of interest in EV's and at first most thought we'd go Tesla, in the none of us did. Not one, for all kinds of factors Tesla just isn't a good or safe buy anymore (though the issues with replacement parts, insurance, suspension and other factors were more decisive for us). Several did go for the German brands and it's sounding like BMW's line may be the best set of EV's in the world now, at least outside of BYD (which as far as I know, it's not yet to be available in the US). And oddly enough, not even as expensive as you'd think given a luxury brand. That's forced Mercedes-Benz (EQ line) and Audi (Q8) to compete on both quality and price for their EV's which is making for some appealing options. And this of course in addition to the VW series (i4 really is a great and underrated car) for smaller budgets.

SoggyNegotiation7412

Selling cars at a loss to gain market share isn't a good move especially with the competition in China is doing it. Even if BYD survives they are going to have to pay back a mountain of debt. The upside is here in Australia where we have no money losing car manufacturing we can pick up EV's and Hybrids below cost.

pnw_sunny

i don't trade in tesla, maybe on the side I do some spreads, but as my cost basis for my first tranche is about $30 and my second tranche is about $150, I'm holding for another 5 years - if I lose it I lose it. when i first bought it, I said a 10 year holding period. i recently bought into BYD with the same view.

dismendie

I dun think buffet generally holds debt instruments except for t bills… he was always against long duration bonds… but the rest I tend to agree on… he might be waiting on a short term over correction/recession… I mean for his BYD he is still holding about 5% stake of the entire company publicly traded… so it’s still very high…

Expensive_Heat_2351

BYD and other Chinese EV are giving TSLA stuff competition.

Shoddy_Ad7511

The only thing protecting Tesla from getting obliterated by BYD is US tariffs

sirzoop

BYD is really killing Tesla

iGunslinger

Although he did day he wanted BYD to be able to be in the US. I think the thought there is if the FSD is good and becomes the standard then all cars would use it?

ixvst01

Didn’t Trump say he was okay with BYD producing and selling cars in America?

Deep_News_3000

“BYD is just a reseller of chips they put together” Eh, no.

jonesjeffum

BYD is already making a ton of money, unlike most EV makers. And they are expanding to other countries. Many of their competitors are going to die out.

jonesjeffum

BYD is killing it right now, selling into strength. Bad move IMO, Remember they also sold TSMC, also a bad move.

jonesjeffum

BYD is going to be about expansion into other countries not China. Besides EV adoption is much quicker in China.

beginner75

BYD is just a reseller of chips they put together. Without chips, there’s no business and existing cars will be bricked if they need repair.

BitcoinRefuge

Warren Buffet selling out of BYD electric vehicle maker. Maybe demand peaked for EVs

MixInternational8751

BYD's sales look good but profits are too low and there's too much competition for electric cars in China

OracleofFl

The question I have is how much of BYD retail prices are based on China Gov subsidies that measure in the billions. WIll that cause EU/US/UK, etc. to scream foul and put up blocking tarriffs?

Lalalama

I used to think that, but I actually checked out a BYD when I went to shanghai and was amazed.

jwang274

Why NIO? BYD is the best Chinese EV brand

RedPanda888

BYD have nearly 30+ models of car across many sub brands. Tesla have like….2 mass market vehicles at best and 3 niche models they barely sell. Saying BYD’s look like Tesla’s when they have soooo many more models and so much more variety is actually so wrong I would love to know where you get your information from.

irregular_caffeine

The cars with BYD written on them

ToplaneVayne

Teslas are great quality cars, I’ve only ever heard people complain about them online. They also have extremely good warranties and customer service to make up for their shortcomings. Only actual complaint I have is panel gaps but even mclarens have panel gaps and those are great cars. BYD is mostly doing so well because of decent cars for really cheap prices.

TechTuna1200

Agree, and the fact that BYD has been able to against the grain when it comes to china stocks just speaks volumes on how much investors confidence there is in the stock. It really shows that BYD is just such a good business that investors are more than willing to take the china risks.

TechTuna1200

So glad I bought BYD stock back in Feb. I’m up 42%, it’s one of the few Chinese stocks that have done extremely well considering the rest have traded sideways the last 6 months.

DubCian5

Chinese BYD have quickly become a big threat to Tesla and look to be overtaking them in Europe. Safe to say Musk does not like China

desturel

He's not trying to compete with BYD in China right now.

Noddite

Except Xi could get grumpy and seize all their assets in China, and then turn over all their tech to BYD.

FaZaCon

Ya, well, whatev's. The USA better get off its ass and start making EV's cheaper. China's BYD EV maker is very close to dethroning Tesla in terms of sales, which sells for half the cost of the cheapest Tesla. And guess what, quality and tech is good. China has the USA shitting in its pants right now, and for good reason. EV's will, soon dominate personal transport. Big Oil will take a HUGE hit when EV's are half the vehicles produced, and the petrodollar will be weakening by the day. When EV's are at 70% of all new vehicles made, I bet ICE manufacturing will be abandoned, particularly since the demand for oil will plummet. Though, it makes me wonder what will happen in terms of price for oil. If demand plummets, the price for gas should plummet as well. But would producing oil on a mass scale be profitable for little demand? You'll be seeing a shiton of gas stations closing making it more inconvenient for ICE cars to fuel up, and by that time EV's will have a standard range of 1500 miles, making an EV far more convenient to fuel up since you'll have to charge it up once per month.

mouthful_quest

How do you trade BYD? Do they have an ADR on NYSE?

kimk2

What's the thoughts on BYD cars? Personally I think it is a stupid brandname, but I do see more and more of these here in NL on the road.

swift_trout

BYD

miata_only

$TSLA will be at interstellar💫 levels by the end of next week. Melon🍉 is just playing his 420 dimensional chess♟ and everyone that's bearish is stuck in their plain old X, Y, and Z axes. We're about to see Giga Berlin cranking out Cybertrucks faster than a falcon Heavy could launch your mom into geosynchronous orbit🚀🚀. ALSO rumor has it battery day 4.1🔋 is going to unveil a new LiPo powered dildo (Plaid edition) that charges in 69 seconds AND comes with FSDildoing and Cheetah mode. PLUS unlike BYD(eez nuts) 🥜Enron Muskrat knows how to run a capitalist business (aka cook the books 👨‍🍳📚).

IndubitablyNerdy

Yeah although Europe and the US are working (or have already put in place) on tariffs to stop those, in all fairness China is not playing fair either. I am not sure how much BYD will be able to compete in the west, other markets though, where they have unrestricted access, they will probably prosper due to their price advantage.

Omnipotent-Ape

Nope. China already got Tesla tech, that was the orice of admissionto the Chinese market. BYD is the result.

Calamity_B4_Storm

The Chinese has been dumping their goods in everywhere. Small economy like Singapore have so much going on in the vehicle sales sector. BYD setting up showroom in CBD and shopping mall. They even opened a restaurant with showroom in the nightclub area. Mind you that Singapore is the only place where you need to bid a certificate before you are entitled to own the vehicle on top of the cost of vehicle and taxes. It is really crazy that even a small market they don’t leave any chance to dump their poorly made goods.

SexytimeSanta

Just buy BYD or TSLA

TommyBoyATL

Serious question I had the same thought a few weeks ago. I did a little research but could not find a listing for BYD on a US Exchange or my Schwab brokerage platform. How can a US investor buy this stock?

AFOEagle01

Take the BYD pill

trainwreck001

Elon thinks everyone in Texas is a R. Bruh the state is going D. Crack / Ketamine is a helluva drug Calls on BYD.

romt_25

BYD's growth has been insane. Buffett wins again.

Swamivik

Neah, my BYD shares are doing fine. Trip.com is doing fine. Chinese oil stocks are doing fine. Chinese tech isn't doing fine. I am thinking whether it is because if you want to invest in tech, you invest in US tech. China is good at making EVs, US good at tech. You invest in companies the country is good at making or something like that.

WillingWatercress375

And Trump is leading the polls. If he wins, I would say minimum 4 years we never see BYD in the largest EV market outside of China.

Common--Trader

I keep my money in the USA. No BYD for me.

No_Annual_6059

I will wait when EU/US will implement taxe EV imports, EU is planning 36%, US 100%, that will have big impact on the stock I guess. Even if Asia is big enough for BYD.

starbreakerXstar

I'm surprised that nobody has mentioned that Berkshire Hathaway / Warren Buffett has a large stake in BYD. They've been invested in it since 2008. It's been one of their most successful investments ever. They own about 7% of the company. In late 2023, BYD beat out TSLA as the worlds largest EV maker. TSLA regained the top spot earlier this year, but they are very close in global sales.

raymondduck

I think BYD will continue to grow worldwide, but this Tesla-based comparative analysis is rubbish.

VictorDWagner

Yes, that's probably going to be the case for a lot of countries that can't afford Teslas. I'm from Germany and even here people rare can afford to buy a Tesla. Even German cars like BMW, Audi Mercedes etc are becoming luxuries. However, they sell at a huge discount in other countries. Tesla is very limited in the countries they can sell to, not BYD. If China/ASEAN taxes the same percentage on US EVs as the US does on ASEAN EVs, they'd still be able to sell to the US, however Tesla would not be able to sell to ASEAN as they price would just go through the roof and I can image that happening in a lot of different places around the world.

here_now_be

Dude, the post compares "the multiple of a Chinese stock that you can't really hold, to the multiple of a meme/cult stock" not sure why you would think I was not in agreement with your comment. I also agree it's likely part of the promotion of BYD on reddit, which I see a lot (TBF Tesla canvasses reddit heavily too)