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Tesla, BYD, NIO, Have Profitability worries despite China’s Strong EV Sales

1. BYD's all-electric vehicle sales grew 34% in August. 2. Overall vehicle sales for BYD were nearly flat year-over-year. 3. Increased competition is driving down prices and profits for EV manufacturers. 4. Tesla's sales in China fell approximately 5% year-over-year. 5. BYD missed profit estimates with $900 million in Q2 earnings.

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FAQ

Why Bearish?

The declining profitability and increased competition for EVs may pressure 1211's stock.

How important is it?

The article highlights critical competition and profitability concerns affecting the EV market, directly impacting BYD (1211).

Why Short Term?

Current competitive pressures will likely affect stock prices quickly due to market sentiment.

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