BYD Co.’s earnings increased due to increased demand, although they fell short of expectations set by various analysts. This was due to a price war in China that affected all companies in that market. Sales in China offset the drop in global demand, increasing BYD’s preliminary net revenues in 2023 by about 75% year-on-year to […]

Following Elon Musk’s speech, in which he asked investors to understand the dynamics of slowing sales, shares of Tesla Inc (TSLA) plunged to their lowest numbers in eight months. Shares were down nearly 10% as the company failed to beat earnings expectations and warned that its growth will be “considerably lower” than expected this year. […]