15
Chinese EV Stocks Tumble After BYD Slashes Prices as Much as 34%
(finance.yahoo.com)
Hmm. I know jack diddly about wall street.
So the reduced price represents at minimum a short term loss in profits.
But wouldn't this potentially mean longer term increase in profits due to more purchases? Idk...
Regardless, good on BYD. Cheaper EVs for the people, fuck the shareholders.
News and discussion about the automotive industry.
Maybe also interesting:
When submitting stories, try to submit the original source provided it is in english and not paywalled.