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Tesla Faces Margin Heat as BYD Accelerates Global EV Expansion

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The Story

News Summary

  • BYD reported a 30% jump in second-quarter profit, driven by an 82% surge in overseas exports.
  • The Chinese automaker continues to outperform Tesla in global electric vehicle deliveries, leveraging heavy vertical integration and competitive pricing to expand aggressively across international markets.
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TSLA price history

365.44 -12.53% over the displayed period

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