{"id":843898,"date":"2025-04-27T09:12:38","date_gmt":"2025-04-27T14:12:38","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/27\/byds-earnings-spell-more-bad-news-for-tesla\/"},"modified":"2025-04-27T09:12:38","modified_gmt":"2025-04-27T14:12:38","slug":"byds-earnings-spell-more-bad-news-for-tesla","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/27\/byds-earnings-spell-more-bad-news-for-tesla\/","title":{"rendered":"BYD’s earnings spell more bad news for Tesla"},"content":{"rendered":"
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In This Story<\/h6>\n<\/section>\n

Chinese automaker BYD (BYDDY<\/a><\/span>) said its net profit doubled year-over-year in the first quarter, climbing to 9.15 billion yuan, or about $1.3 billion.<\/p>\n

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Suggested Reading<\/h4>\n<\/div>\n
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How Trump\u2019s tariffs could make your iPhone cost $3,500<\/p>\n<\/div>\n

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Suggested Reading<\/h4>\n<\/div>\n

The company, China\u2019s biggest carmaker, said operating revenues jumped 37% year-over-year to 170.4 billion yuan, or roughly $23.3 billion, according to Business Insider<\/a><\/span>. Earnings increased 99% to 3.12 yuan per share, or around $0.43.<\/p>\n

BYD\u2019s earnings blew Tesla\u2019s (TSLA<\/a><\/span>) out of the water. Elon Musk\u2019s firm reported a 70% net-revenue drop to $409 million in the first quarter. BYD had already overtaken Tesla on overall annual revenue last year when it reported $107 billion in revenue compared to Tesla\u2019s $98 billion.<\/p>\n

BYD\u2019s sales have pulled strongly ahead of Tesla\u2019s despite its vehicles not being available in the U.S. Sales rose 60% in the first quarter, while Tesla deliveries came in well below Wall Street\u2019s expectations. The Chinese automaker previously said it sold more than 318,000 passenger vehicles in February, up 161% year-over-year.<\/p>\n

Tesla\u2019s sales have plummeted in the face of consumer discontent over Musk\u2019s role in the Department of Government Efficiency. Sales of both new and used cars are down, while protestors have targeted the company\u2019s vehicles and facilities.<\/p>\n

On Wednesday, Tesla reported its lowest first-quarter revenue in three years \u2014 $19.3 billion, which was down 9% compared with the same period last year. The company reported that net income sank 71%, and its earnings were a double miss in both adjusted earnings-per-share and revenue. Total auto revenue fell 20% year-over-year during the period.<\/p>\n

Tesla also has seen its technology get lapped by BYD\u2019s advances in recent months. In March, BYD announced a new charging system<\/a><\/span> that can give cars 292 miles of range in five minutes, or slightly longer than it takes to fuel up a gas-powered car. By comparison, Tesla\u2019s Superchargers can add 171 miles in 15 minutes. BYD\u2019s 1,000 kW chargers are four times as powerful as Tesla\u2019s current chargers, though Tesla has said it plans to roll out 500 kW chargers later this year.<\/p>\n

Despite its poor earnings and dreary sales figures, Tesla\u2019s stock is on the rise this week after Musk recommitted himself to his CEO role. Wedbush Securities analyst Dan Ives said in an analyst note<\/a><\/span> this week that this was a \u201cturning point\u201d for the automaker as the CEO looks to \u201cturn the corner from this dark chapter.\u201d <\/p>\n

Ives wrote that the move was an off-ramp \u201cout of the Trump White House in our view as the global brand damage, political firestorm, and perfect storm chaos over the past few months\u201d will come to an end.<\/p>\n

\u2014Shannon Carroll and William Gavin contributed to this article.<\/em><\/p>\n<\/div>\n

Read More<\/a>
\n Kevin Ryan<\/p>\n","protected":false},"excerpt":{"rendered":"

In This Story Chinese automaker BYD ( BYDDY ) said its net profit doubled year-over-year in the first quarter, climbing to 9.15 billion yuan, or about $1.3 billion. Suggested Reading How Trump\u2019s tariffs could make your iPhone cost $3,500 Suggested Reading The company, China\u2019s biggest carmaker, said operating revenues jumped 37% year-over-year to 170.4 billion<\/p>\n","protected":false},"author":1,"featured_media":843899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143281,165],"tags":[],"class_list":{"0":"post-843898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byds","8":"category-earnings"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/843898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=843898"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/843898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/843899"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=843898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=843898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=843898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}