TagBYD

Tesla Rival BYD is Absolutely Killing It - But There's an Enormous Catch

byd auto tesla stock

By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102.4 million yuan (~$16.2 million at that time) to 749.73 million yuan (~$111.4 million), Reuters reports. Remarkably, BYD stock seems unaffected by the news. China Is Falling...

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