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Stupid market question I understand that China's volatile and the whole real estate situation. But considering how much potential BYD has to steal EV lunch why
by DoingIsLearning 3y ago
Stupid market question I understand that China's volatile and the whole real estate situation.
But considering how much potential BYD has to steal EV lunch why is the stock price not been reflecting that?
It has been at least a trimester of news about 'traditional' auto makers slashing prices and asking for trade restrictions on BYD. I would expect NVIDIA levels of rally at this point on BYD's stock?
- jarbus 3y agoGood question, just a thought: maybe because it’s a Chinese company and trade restrictions can be easily placed if BYD starts interfering with western markets?
- bryanlarsen 3y agoBYD is building a factory in Europe and plans on building one in Mexico. Trade restrictions will be very hard to place on Europe-built and USMCA-built cars.
- yorwba 3y agoLots of competition and shrinking EV sales in their home market https://finance.yahoo.com/news/ev-deliveries-continue-fall-china-194935204.html https://finance.yahoo.com/news/ev-deliveries-continue-fall-c...
- nonethewiser 3y ago> But considering how much potential BYD has to steal EV lunch why is the stock price not been reflecting that? Its as simple as being a Chinese stock. Whether justified or not, that’s the concern. Even among Chinese people. The stock market is seen as gambling in China.