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Stockreport

BYD and Tesla race to carve up European EV market with Chinese carmaker planning to leapfrog Elon Musk by 2030 [Fortune]

Tesla, Inc. (TSLA)  More Company Research Source: Fortune
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
At least, that's the ambition of BYD's European boss, who expects to overtake the likes of Volkswagen, Stellantis, and most importantly Tesla itself by 2030. To do so, Michael Shu told the Financial Times' Future of the Car Summit that the company is planning an aggressive expansion in marketing and dealerships as part of a strategy that will eventually see BYD cars bound for Europe mostly assembled in the region. “We are confident that we could be in a leading position,” by 2030, Shu told the summit. “We are moving to the next stage to decide a huge investment in the EU,” he added, which was expected to amount to billions of dollars. China's EV ascent Tesla currently holds the crown for the best-selling EV in Europe after getting a head start on traditional gas-powered carmakers in the last decade. The group's Model Y shifted more than 254,000 units in 2023, according to JATO Dynamics. BYD, however, is making strong early gains in Europe since sending its purpose-built shi [Read more]
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Stockreport

BYD and Tesla race to carve up European EV market with Chinese carmaker planning to leapfrog Elon Musk by 2030 [Fortune]

Tesla, Inc.  (TSLA) 
More Company Research Source: Fortune
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
At least, that's the ambition of BYD's European boss, who expects to overtake the likes of Volkswagen, Stellantis, and most importantly Tesla itself by 2030. To do so, Michael Shu told the Financial Times' Future of the Car Summit that the company is planning an aggressive expansion in marketing and dealerships as part of a strategy that will eventually see BYD cars bound for Europe mostly assembled in the region. “We are confident that we could be in a leading position,” by 2030, Shu told the summit. “We are moving to the next stage to decide a huge investment in the EU,” he added, which was expected to amount to billions of dollars. China's EV ascent Tesla currently holds the crown for the best-selling EV in Europe after getting a head start on traditional gas-powered carmakers in the last decade. The group's Model Y shifted more than 254,000 units in 2023, according to JATO Dynamics. BYD, however, is making strong early gains in Europe since sending its purpose-built shi [Read more]
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TSLA
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%
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Multi-day stock performance from the time of the news release
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%
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