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Now that the EV market slowdown has been attested by Tesla and BYD's most recent sales results, everyone and their mother are wondering what happens next
China’s overcapacity is all but certain to be the main point of contention in coming talks with Janet Yellen, as the US Treasury secretary has begun her trip with strong words on the subject.
Plus, Fisker and Canoo are having money problems, and BYD has been dethroned as the top EV seller worldwide
Shares of Boyd Group Services Inc. (TSE:BYD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have given a buy recommendation and […]
Tesla has canceled its affordable Model 2 car, which was expected to drive the company's growth into a mass-market automaker. The decision comes as Tesla faces fierce competition from Chinese electric-vehicle makers, who are offering cars as low as $10,000. The new plans call for robotaxis to be produced in much lower volumes than the projected Model 2, with Tesla's cheapest current model, the Model 3 sedan, retailing for about $39,000 in the US. Tesla shares were down about 3% in early afternoon trading after the Reuters report.