U.S. markets closed

  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     

  • Dow 30

    31,500.68
    +823.32 (+2.68%)
     

  • Nasdaq

    11,607.62
    +375.43 (+3.34%)
     

  • Russell 2000

    1,765.74
    +54.06 (+3.16%)
     

  • Crude Oil

    107.06
    +2.79 (+2.68%)
     

  • Gold

    1,828.10
    -1.70 (-0.09%)
     

  • Silver

    21.13
    +0.09 (+0.42%)
     

  • EUR/USD

    1.0559
    +0.0034 (+0.33%)
     

  • 10-Yr Bond

    3.1250
    +0.0570 (+1.86%)
     

  • GBP/USD

    1.2270
    +0.0009 (+0.07%)
     

  • USD/JPY

    135.2100
    +0.2770 (+0.21%)
     

  • BTC-USD

    21,448.91
    +477.33 (+2.28%)
     

  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     

  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     

  • Nikkei 225

    26,491.97
    +320.72 (+1.23%)
     

Tesla Stock Vs. BYD Stock: TSLA Rebounds With EV Rival Just Below Buy Point

ED CARSON
·18 min read
Tesla Stock Vs. BYD Stock: TSLA Rebounds With EV Rival Just Below Buy Point
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • TSLA
  • BYDDY
  • F
  • XPEV
  • LI
  • RIVN

BYD stock is racing toward highs as the China EV giant seizes Tesla's sales crown. Now it's going to supply Tesla with batteries.

Continue reading

Recommended Stories

  • Li Auto Stock Breaks Out As China Mulls Extending EV Subsidies, BYD Nears Buy Point

    Li Auto stock broke out Thursday as China mulled extending a tax break on purchases of electric cars. BYD stock neared a buy point. Other China EV stocks also advanced. EV startups Li Auto, Nio and Xpeng aspire to shake Tesla's dominance in the Chinese market for luxury electric cars.

  • SoftBank-Backed Ride Startup Seeks at Least $119 Million in IPO

    (Bloomberg) -- SoftBank Group Corp.-backed car-sharing startup Socar Inc. filed for an initial public offering of at least 154.7 billion won ($119 million), testing investor appetite for new tech stocks in an adverse market.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightProtest Latest: NY, DC Marches Grow as Justice’s Home TargetedJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionStocks Roar Back With Best Week in a Month: Markets WrapE

  • Toyota recalls first mass-produced EVs less than 2 months after launch

    Toyota Motor Corp said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) for the global market because of a risk the wheels could come loose. The world's largest automaker by sales submitted the recall of the bZ4X SUVs to Japan's transportation ministry. Of the 2,700 vehicles, 2,200 were earmarked for Europe, 260 for the United States, 10 for Canada and 110 for Japan, the company said.

  • 3 ways to ease record gasoline prices over the long run, according to JPMorgan

    President Joe Biden's proposal to bring down gas prices might provide only temporary relief to U.S. consumers, and instead could encourage them to drive more, says JPMorgan analysts

  • Global Commodity Shock Enters Next Phase With Recession Test

    (Bloomberg) -- Commodities will get intense scrutiny for the rest of 2022 after a first half dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Here, we look at what the rest of the year holds for raw materials from crude oil and natural gas to grains, gold, and iron ore.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightStocks Roar Back With Best Week in a Month: Markets WrapJuul’s Vaping Products Are Ordered Off

  • Dow Jones Futures Rise After Nasdaq Leads Uneven Market Rally

    Dow Jones futures rose Friday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally attempt made progress Thursday, especially on the Nasdaq, amid some hints that inflation is peaking.

  • Supreme Court strikes down Roe v. Wade: What it means in different states

    Newsy's Maura Sirianni breaks down what the Supreme Court decision to strike down Roe v. Wade means for different states, including those with so-called "trigger laws" and Colorado, where abortion rights have been codified into law.

  • Jim Cramer Says Earnings Estimate Cuts Will Form an Investable Bottom; Here Are 3 ‘Strong Buy’ Stocks That Are Already Down 50%

    As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current

  • Peloton and 2 other major ‘zombie’ companies could soon go to $0, leading stock research firm CEO says

    “Time is running out for cash-burning companies kept afloat with easy access to capital,” New Constructs CEO David Trainer said in a Thursday research note.

  • 10 Value Stocks to Buy According to Billionaire David Tepper

    In this article, we will take a look at 10 value stocks to buy according to billionaire David Tepper. If you want to skip our discussion on Tepper’s history and his hedge fund’s performance, go directly to 5 Value Stocks to Buy According to Billionaire David Tepper. With a net worth of $16.7 billion, David […]

  • Market Is Shredding All the Time-Tested Ways to Chart Its Course

    (Bloomberg) -- Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightProtest Latest: NY, DC Marches Grow as Justice’s Home TargetedJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionStocks Roar Back With Best Week in a Month: Markets WrapEnding Roe Is Institutional Suic

  • These Are The 5 Best EV Stocks To Buy And Watch Now

    EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers.

  • This Is No Bitcoin Crash, It's A 'Crypto Ice Age' — And Here's Why

    Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.

  • Dow Jones Gains; Tesla Falls After Elon Musk Reveals These Fears; This Stock Up As Warren Buffett Raises Stake

    The Dow Jones moved higher as yields fell. Tesla stock skidded after CEO Elon Musk voiced a warning. A Warren Buffett stock rose.

  • The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’

    This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” It is a contrarian indicator, with higher equity allocations associated with lower subsequent market returns, and vice versa. According to a simple econometric model I constructed that bases its predictions on the historical correlation between the indicator and the stock market, the S&P 500’s real total return over the next decade will be minus 3.3% annualized.

  • GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain

    The car giant is spending billions to build a broad, impressive lineup of electric vehicles. The stock is cheap and the opportunity to buy into that future is a steal.

  • S&P 500 May Have Another 24% to Fall, 150 Years of Market History Shows

    (Bloomberg) -- The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide.Most Read from BloombergJuul’s Vaping Products Are Ordered Off the Market in the USThese Are the World’s Most Liveable Cities in 2022Elon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsRecession Worries Boost Treasuries; Stocks Advance: Markets WrapThe World’s Bubbliest Housing Markets Are Flashing Warning SignsThat’s according to Societe Gene

  • JPMorgan’s Kolanovic Sees a 7% Boost for Stocks From Rebalancing

    (Bloomberg) -- JPMorgan Chase & Co.’s Marko Kolanovic, a steadfast bull on US equities during this year’s selloff, is calling for stocks to rise 7% next week as pension and sovereign wealth funds rebalance their portfolios.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightProtest Latest: NY, DC Marches Grow as Justice’s Home TargetedJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionStocks Roar Back With Best Week in a Month: Markets WrapEn

  • How Much Does a $300,000 Annuity Pay Per Month?

    When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.

  • Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut

    Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores Guggenheim in September. The auto maker is a unit of Volvo Car AB, which in turn is owned by Zhejiang Geely Holding Group Co. of China.