Tesla shares had a stellar 2023, largely as a result of they’d such a dismal finish to 2022. By the identical logic, this 12 months could possibly be powerful for the world’s most traded inventory.
The corporate delivered roughly 485,000 electrical automobiles final quarter—a bit higher than anticipated, however worse than its Chinese language rival BYD, which bought about 526,000. It’s the first time the EV pioneer has been outsold on a quarterly foundation. With the Chinese language firm providing cheaper automobiles in a bigger house market, it gained’t be the final.
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