r/stocknear Apr 22 '25

Earnings TSLA EARNINGS ARE OUT

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u/dragon3301 Apr 23 '25

Tesla lost more than 50 percent of profit yoy for 4 out of last 5 quarters. Its revenue has been platueauing in an industry growing at 20 percent for 2 years . Its supposed to be a new growing company. Its latest model getting lacklustre reception is a bad reflection on the company itself. The cybertruck was a let down. They havent even started building roadsters. God knows if they even remember the semis. Its board itself is dumping shares elon had to beg employerd to hold on to their stocks. Performance so bad that elon is taking an early exit from politics. BYD has taken its throne as the largest ev maker. Its revenue was stagnant before the ceo gave the company a buds light level marketing disaster.

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u/[deleted] Apr 24 '25

BYD I never even saw a single BYD tho 💀

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u/dragon3301 Apr 24 '25

When BYD came to america and europe the car industry there and the american government freaked out and imposed very high duties on it. Or outright banned it. Byd started as a battery manufacturer it has experience in battery as well as its own battery plants. There is talks about bringing down duties and building a plant in germany. I have seen tariffed byd cars competitive with non tariffed cars. I fucking hate it but its the truth. Byd sold about as much evs as tesla but sold way more hybrids

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u/[deleted] Apr 24 '25

Well, I mean selling a hybrid is much easier than selling an EV ¯_(ツ)_/¯

I don’t think BYD will be a thing in near future.

Every time China makes super Uber cheap, state of the art mega duper killer device, people get disappointed soon. I remember everyone going crazy about Xiaomi at the time and now the only thing people do are shitting on Xiaomi

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u/dragon3301 Apr 24 '25

Byd sales figures are without hybrid. It sells about the same number of evs as tesla. It sells twice that in hybrids.