Whilst Tesla investors get excited by a 68% qtrly sales increase, BYD increases by 423% to nearly 300K EV sales for the qtr via /r/wallstreetbets #stocks #wallstreetbets #investing


Whilst Tesla investors get excited by a 68% qtrly sales increase, BYD increases by 423% to nearly 300K EV sales for the qtr

Tesla 1Q production was actually down on 4Q 2021. Sales were marginally higher at 310K, loosely in line with analysts who had dropped expectations.

BYD meanwhile added an extra 423% (230K+) EV’s on its quarterly sales vs 1Q 2022 to push Tesla close as the largest YTD 2022 EV seller globally:

https://www.www.forbes.com/sites/russellflannery/2022/04/03/ev-sales-at-warren-buffett-backed-byd-quadrupled-in-march/

Xpeng, Li, Nio, Cherry, etc are all rapidly increasing Chinese sales far faster than Tesla. Any analysis of European and Chinese EV markets, the largest in the world, sees Tesla rapidly dropping out of contention as the top EV seller by brand (outside the top five in Europe).

Tesla is priced for utter domination of the world automotive mkts, yet cannot even dominate the 20% of sales EV’s represent in the world’s most mature mkts (the US might see 4% this year).

Submitted April 04, 2022 at 02:55PM by Historical_Job_8609
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