logo
Tesla's China-made EV sales fall 6% y/y in April

Tesla's China-made EV sales fall 6% y/y in April

Yahoo07-05-2025
BEIJING (Reuters) -Tesla sold 58,459 China-made electric vehicles in April, down 6% from last year, data from the China Passenger Car Association showed on Wednesday.
Deliveries of locally made Model 3 and Model Y vehicles slid 25.8% from the previous month.
Tesla's Chinese rival BYD, with its Ocean and Dynasty lineup of EVs and plug-in hybrids, last month saw a 19.4% year-on-year jump in passenger vehicle sales to 372,615 vehicles.
(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Andrew Heavens)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Now a Good Time To Invest in Uber? Here's What Experts Say
Is Now a Good Time To Invest in Uber? Here's What Experts Say

Yahoo

time17 minutes ago

  • Yahoo

Is Now a Good Time To Invest in Uber? Here's What Experts Say

Uber Technologies has been one of the best stocks on Wall Street so far in 2025, with shares rising by about 50% year-to-date to far outpace the broader markets. I'm a Financial Advisor: Read Next: The rideshare company's stock hit a record high of $97.71 in early July. Some analysts see the price reaching $120 by year's end — meaning it could be a good time to invest in Uber. Much of the optimism is based on Uber's strong financial results, which include double-digit revenue growth and a continued uptick in bookings. 'A Real Business' One expert with a positive take on Uber is Edward Corona, a Florida-based trader and publisher of The Options Oracle Newsletter. He's targeting a $107 stock price for the rest of the year as long as the company's current positive trends hold. 'Uber is finally acting like a real business — free cash flow is solid, margins are improving, and they've become the default app for way more than just rides,' Corona told GOBankingRates. Although Uber faces a competitive risk from Tesla's robotaxi, Corona calls that a '2026 problem.' For now, Uber's stock chart has 'been in a steady uptrend, and I like it long here,' he added. How To Turn $100K Into a Million: Is Now A Good Time To Buy? Most experts are upbeat about Uber and recommend buying the stock. The vast majority of analysts polled by MarketWatch — 41 out of 57 — have a 'Buy' rating on the stock. The others rate it either 'Overweight' (4 analysts) or 'Hold' (12). As of July 23, the consensus rating is 'Buy' and the average target price is $101.10. A recent analysis from Motley Fool recommended buying Uber shares 'like there's no tomorrow' and cited the following company strengths: Strong revenue growth driven by double-digit increases in gross bookings for mobility and delivery. Competitive advantages from Uber's 'network effect' and ability to leverage 'vast amounts of data.' Although Uber already operates in more than 15,000 cities worldwide, it's still 'not even close' to reaching its full potential. The stock price is still relatively affordable at less than $100 a share. Among the analysts with a particularly bullish take on Uber is Ken Gawrelski of Wells Fargo. As AInvest noted, Gawrelsk recently maintained his 'Overweight' rating on the stock, and raised his price target to $120 from $100. More From GOBankingRates Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on Is Now a Good Time To Invest in Uber? Here's What Experts Say Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The All-New Tesla Model Coming Soon Is Not What You Think
The All-New Tesla Model Coming Soon Is Not What You Think

Forbes

timean hour ago

  • Forbes

The All-New Tesla Model Coming Soon Is Not What You Think

A new Model Y driving in LA (Photo by MEGA/GC Images) So, is there a new, more affordable Tesla in the pipeline? Apparently yes, and it's not what you think. Last week, on a second-quarter Tesla earnings call, the man himself, Elon Musk let the cat out of the bag when he said, 'It's just a Model Y.' Really? What does that mean? Could it mean that it's just a stripped down Model Y? And what about the future of the federal tax credit? Let's face it: Tesla is the only American automaker capable of producing a high-end, realistic, appealing electric vehicle for less than $30,000. And if they have to bring the car back to bare bones to make it sell, then that's what they'll do, apparently. People just don't have enough money to buy Teslas now Musk expanded by saying that, 'The desire to buy our cars is very high. It's just that people don't have enough money in the bank to buy them. That's the issue. So the more affordable we can make the car th Tesla CEO Elon Musk says new car is Model Y. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ... More ANDERSEN/AFP via Getty Images) Then he revealed how potential buyers can possibly offset the purchase price of their car by 'releasing their car to the fleet and have it earn money for them,' suggesting that people may 'lend' their cars back to Tesla in a type of robotaxi relationship perhaps. Musk then went out on a limb by saying he's confident that 'I think this will happen next year in the U.S. at least.' His comments though raise more questions than provide answers. By saying 'it's just a Model Y,' does he mean a 'new' Y with upgraded parts but based on the old platform, which would help to keep costs down? What we do know is that the more affordable Model Y, as referred to by Musk, should be surfacing in Q4 this year. But that will be long after the $7,500 federal tax credit ends—which will make it even tougher for Tesla to get the price down to the sub-$30,000 level that Musk seems to be alluring to. Let's have a quick look at Tesla's current pricing. Today, the Model Y rear-wheel drive variant costs $44,990, which when you factor in the $7,500, drops the price to $37,490. But with that tax credit gone, and we expect it to disappear very soon under the Trump Administration, the price for a current model Y will hover around $44,000. So for Musk to achieve his goal of achieving a sub-$30,000, he will need to find $15,000 worth of savings in specs and features. The question is—which features to strip back? If it's going to be used as some kind of robotaxi, then it will need all of its AutoPilot features. And given that the Y has been rated as one of the safest on the road by Euro NCAP, ANCAP and IIHS, Tesla would not want to skimp on safety features in any way—which would make it difficult to reduce pricing. But Musk has pushed the boundaries of car tech in the past and redefined the genre, so we will give him some latitude and wait for further updates even if his car sales are hurting all over the planet.

China, Chips, and Chaos: Where Smart Investors Are Putting Their Money Now
China, Chips, and Chaos: Where Smart Investors Are Putting Their Money Now

Yahoo

timean hour ago

  • Yahoo

China, Chips, and Chaos: Where Smart Investors Are Putting Their Money Now

As geopolitical tensions rise and global supply chains shift, investors around the world are focusing on one of today's most important industries: semiconductors. China is working hard to become self-sufficient in chip technology, whereas the U.S. is attempting to prevent the export of advanced chips in order to maintain its technological advantage. All this is happening while artificial intelligence (AI) advances at a rapid pace. These factors are creating a fast-moving, risky, but potentially lucrative market for investors. Amid the chaos, savvy investors prefer long-term stability to distraction. Here are two stocks that show where true innovation and resilience lie: More News from Barchart Dear Palantir Stock Fans, Mark Your Calendars for August 4 The 3 Buffett-Backed Dividend Stocks That Beat the Market in 2025 Should You Buy the Post-Earnings Plunge in Intel Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Rising Star #1: Qualcomm Valued at $174.4 billion, Qualcomm (QCOM) develops and sells advanced semiconductors and wireless technologies, primarily for mobile phones, automotive systems, Internet of Things devices, and AI applications. It is best known for its Snapdragon processors. QCOM stock is up 3% year-to-date. Qualcomm's robust second quarter showcased the strength of its business model. Qualcomm reported a 15% increase in adjusted revenues to $10.8 billion year over year, with adjusted earnings of $2.85, representing 17% growth. The majority of this strength stemmed from the company's chip business, the Qualcomm CDMA Technologies (QCT) segment, which generated $9.5 billion. This was driven by strong growth in automotive (up 59%), IoT (up 27%), and handsets (up 12%). The Qualcomm Technology Licensing (QTL) licensing business contributed another $1.3 billion to overall revenue. Qualcomm continues to dominate the premium mobile market with its Snapdragon 8 Elite platform, which is regarded as one of the world's most powerful smartphone chipsets. Its Snapdragon X platform is also rapidly expanding into the PC market, to surpass its goal of 100 designs by 2026. Beyond mobile, Qualcomm is aggressively expanding into automotive, with the Snapdragon Digital Chassis platform helping it reach $8 billion in automotive revenue by fiscal 2029. Extended Reality (XR) is emerging as another growth driver, aided by Snapdragon technology and collaborations with Meta Platforms (META) and Samsung. The company intends to generate $2 billion in XR revenues by fiscal 2029. Qualcomm returned $2.7 billion to shareholders via dividends and buybacks, showing strong free cash flow generation and management confidence. The company has also committed to returning 100% of free cash flow to shareholders this fiscal year, citing strong fundamentals and a scalable model. Concerning China, Qualcomm continues to be a key player in the Chinese smartphone ecosystem, where local subsidies have increased flagship shipments. Management stated that the company's Q3 guidance takes current tariffs into account, also admitting that the trade landscape remains dynamic. Qualcomm has also taken steps to diversify its business, both geographically and across sectors, to reduce its reliance on a single region or product category. Overall, Wall Street rates QCOM stock a 'Moderate Buy.' Out of the 32 analysts that cover the stock, 15 rate it a 'Strong Buy,' one suggests a 'Moderate Buy,' 15 rate it a 'Hold,' and one rates it a 'Strong Sell.' Its average target price of $179.04 suggests an upside potential of 13% from current levels. Its high target price of $225 implies a potential upside of 42% in the next 12 months. Rising Star #2: Broadcom Valued at $1.3 trillion, Broadcom (AVGO) designs, develops, and distributes a wide range of semiconductor and infrastructure software products. Its diverse portfolio includes networking chips, enterprise storage, broadband, and wireless communication. Broadcom also provides enterprise software solutions for cybersecurity, storage, and mainframes. AVGO stock is up 24.8% year to date, outperforming the broader market. Broadcom reported staggering revenue of $15 billion in the second quarter, up 20% year over year. AI semiconductor revenue soared to $4.4 billion, up 46%, marking nine consecutive quarters of consistent growth. This growth was driven by custom AI accelerators (chips designed for specific hyperscaler clients) and AI networking, which account for 40% of AI semiconductor revenue. Management confidently forecasts 60% AI revenue growth in Q3 2025, which is expected to continue into fiscal 2026, cementing AI semiconductors as its long-term growth driver. Furthermore, software is no longer a side hustle for Broadcom. It has strengthened its position in software through strategic acquisitions such as VMware for $69 billion, which officially closed in 2024. Its infrastructure software segment generated $6.6 billion in revenue, up 25% YoY, accounting for 44% of total company revenue. Over 87% of Broadcom's top 10,000 customers now use VMware Cloud Foundation (VCF). Furthermore, the company is converting customers from perpetual licenses to subscription-based ARR, resulting in more predictable revenue. Looking ahead, major cloud players are expected to continue to invest, demand for training and inference workloads will rise, and software adoption will remain strong, painting a positive long-term outlook. Broadcom is not only growing rapidly, but also profitably. Adjusted earnings increased 44% to $1.58 per share in Q2. The company also generated $6.4 billion in free cash flow, paying out $2.8 billion in dividends and $4.2 billion worth of share repurchases. Despite rising U.S.-China tech tensions, Broadcom is well-positioned to thrive. It does not rely heavily on high-end GPUs with export restrictions. Overall, Wall Street rates AVGO stock a 'Strong Buy.' Out of the 36 analysts that cover the stock, 32 rate it a 'Strong Buy,' one suggests a 'Moderate Buy,' and three rate it a 'Hold.' Its average target price of $298.55 suggests an upside potential of 3% from current levels. Its high target price of $400 implies a potential upside of 38% in the next 12 months. The Key Takeaway No doubt, the U.S.-China chip war presents significant challenges. Export controls, shifting alliances, and technology bans may all cause short-term turbulence. However, the best way to profit from the semiconductor boom may be to invest in companies that can adapt, endure, and grow in uncertain times. Both Qualcomm and Broadcom serve this purpose. On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store