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BYD’s Earnings May Fuel Further Gains in Shares Versus Tesla
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BYD Co. shares’ strong lead over Tesla Inc. this year may get another lift from the Chinese electric vehicle maker’s first-quarter results, expected to show a solid start to 2025.
BYD’s Hong Kong-listed shares have surged 46% so far in 2025, hitting a record in March, while rival Tesla’s stock has plummeted over 35% amid slumping sales and concerns about trade war-related costs. Options traders are pricing in a 4% one-day move in the BYD stock after the release late Friday, more than the average 3.1% swing after the last eight quarterly reports.