BYD Shares Drop After Key Metric Misses Despite Record Quarter

By MarketWatch | Oct 31, 2024 at 03:42 AM EST

BYD's shares dropped as it missed profit estimates despite surpassing Tesla in revenue. The EV giant faced market scrutiny due to rising expenses, though it reported strong sales and earnings. Analysts remain optimistic about BYD's growth potential and competitive edge in the EV market.

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