Despite intense competition domestically, BYD has emphasized its sales strength through a rapid increase in profits, rapidly approaching Tesla, the world's largest pure electric vehicle seller.
The stock price of Chinese electric vehicle company BYD, listed in Hong Kong, has risen by about 1% this month, surpassing the 17% decline in Tesla's stock price and the decline of other competitors. While Elon Musk's company has risen more than twice the rate of BYD's increase since the beginning of this year, the latter shows signs of further growth.
Traders are buying up bullish options of BYD, while analysts have raised their performance estimates for BYD to a record high since the quarterly report this month. Despite intense competition and a significant slowdown in sales of new energy vehicles in China, BYD has achieved record-high revenue. The company will announce its third quarter earnings after the market closes on Monday.
BYD stock price skyrocketed with the quarterly highest profit of a Chinese EV manufacturer.
Mr. Musk recently expressed a pessimistic outlook that the rising interest rates in the United States have had a negative impact on sales and cast a shadow over the global EV sector. Tesla's performance has also been affected by the impact of price competition that has been ongoing for several months to stimulate demand. Analysts...

The Richmond Fed President brought up a scenario for re-acceleration of the US economy on the 22nd. Although they also warned that “if the inflation rate remains high and demand does not give a signal, it will be necessary to tighten monetary policy,” with regard to the US bond market, they expressed the view that “recent movements in bond yields are not a sign of inappropriate market tightening, and there is a high possibility that they are a response to strong economic indicators.” This is reasonable based on recent strong economic indicators and the Atlanta Fed's high GDP now (5.8%). The Fed has probably begun to see even a recession, let alone the Nolan Deink scenario, as suspicious. Currently, it seems that there is no choice but to temporarily eliminate the interest rate cut scenario. Nevertheless, the market consensus for interest rate hikes is one more time.
That gap will probably be adjusted by making the high interest rate maintenance period reasonably long. 2-year bonds have been added to 5%. If you take into account the fact that the terminal rate of FF interest rates is 5.5-5.75%, it is difficult to achieve the 2% inflation target, and that the period for maintaining high interest rates will be quite long, it is unavoidable that it will be sold up to around 5.5%. There is no choice but to search for long-term interest rate levels adapted to new short-term debt levels...