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Stock impact report

BYD, Tesla's biggest rival in China, just doubled its profits [Yahoo! Finance]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Yahoo! Finance
BYD's sales and profits have surged while Tesla fights falling sales and anger at CEO Elon Musk. Tesla 's biggest Chinese competitor reported bumper first-quarter earnings on Friday. BYD said its net profit increased 100% since last year to 9.15 billion yuan, roughly $1.3 billion. It means China's best-selling carmaker has overtaken Tesla on another key metric. Elon Musk's firm reported net income of $409 million for the same period, a drop of more than 70% compared to the same period in 2024. Alongside surging profits, BYD said operating revenues increased 37% compared to the same period in 2024, reaching 170.4 billion yuan, roughly $23.3 billion. BYD's earnings per share also surged in the first quarter, up 99% to 3.12 yuan per share, around $0.43. Last year, BYD overtook Tesla on overall annual revenue , reporting $107 billion in revenue, compared to Tesla's $98 billion. BYD has been aggressively expanding outside China in recent years. At the same time, Tesla has st Show less Read more
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