BYD Company stock surged 3% after producing 1 million vehicles in 2024, outpacing Tesla

From Nasdaq: 2024-12-17 12:19:24

BYD Company (OTC: BYDDY) stock surged 3% after surpassing a production milestone with 1 million vehicles produced in 2024, outpacing Tesla (NASDAQ: TSLA). BYD now boasts the most productive EV factory in China, with plans for global expansion and 4 million EVs by year-end. They offer a cheaper alternative with a 20% growth rate and 1.3% dividend yield.

Invest in BYD stock, with a $108 billion market cap, $4.7 billion annual profit, and $5.4 billion annual free cash flow. Compared to Tesla, BYD is more affordable with a P/E ratio of 23 and price-to-FCF ratio of 20. Consider their growth potential and dividend yield, making BYD stock a promising investment opportunity.



Read more at Nasdaq: Why China’s BYD Company Stock Popped Today