Today, Chinese EV giant BYD posted an impressive profit leap in its annual revenue, recording a 73% jump year over year.
The company recorded revenue of 15 billion yuan, $2.1 billion, for the year, while its fourth-quarter revenue was up 52.7%. Despite the revenue win, stocks of the company have fallen 6% in trading Monday.
The success of China’s biggest EV company could bring greater competition to the EV race between China and the U.S.
Today, Tesla’s stock has stabilized after facing a 50% loss over the past 3 months.
The Tesla Takedown movement enters its fifth week today and is gaining momentum. The global protests encourage people to “sell your Teslas” and “dump your stock,” as a means of reprimanding its CEO, Elon Musk. From March 1 to March 16, trade-ins of Tesla vehicles from the 2017 model year tripled compared to those from 2024.
By CEO NA Editorial Staff
