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BYD: The New EV King Delivers Growth And Dividends [Seeking Alpha]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The stock is trading at an undemanding valuation. Looking for a helping hand in the market? Members of Cash Flow Club get exclusive ideas and guidance to navigate any climate. Learn More » Article Thesis BYD ( OTCPK:BYDDY OTCPK:BYDDF ) has become the largest electric vehicle company in the world in terms of deliveries, even when one excludes plug-in hybrids. BYD's recent earnings results were strong, and the outlook for the current year is positive as well. Despite demand issues in the EV industry and an ongoing price war, BYD will grow meaningfully this year. While China-related risks remain, international expansion is progressing nicely and the low valuation makes BYD look attractive. What Happened? BYD, which stands for Build Your Dreams , has been the leading Chinese EV company for a while, even though it has not gotten a lot of attention from most investors, relative to its much smaller peers such as NIO ( NIO ) and XPeng ( XPEV ). But during the fourth quarter, BYD ma
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