BYD Aims to Triple Saudi Footprint After Tesla Enters Market
BYD, which launched in Saudi Arabia last year and currently runs three showrooms there, aims to open another seven locations by the second half of 2026, according to Jerome Saigot, managing director for Saudi Arabia.
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Tesla Shares Tumble. Is It Time to Buy the Dip or Run for the Hills?
Key Points For a second straight quarter, Tesla posted weak auto deliveries and revenue. The company once again hyped its robotaxi and robot ambitions. The stock is largely valued based on future bets paying off, making it risky to own. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) has long been a stock that's traded more on the vision of its founder Elon Musk than on its actual fundamentals. However, with the stock sinking following Tesla's lackluster second-quarter earnings report -- despite more big promises around robotaxis and robots -- reality might finally be catching up to it. Musk has done a lot of brand damage to Tesla over the past six months or so. His funding of President Donald Trump's campaign and overseeing the Department of Government Efficiency (DOGE) angered many liberal-leaning consumers. He then later got in a very public feud with the President he helped get elected, alienating himself and Tesla from many conservatives, as well. The fallout could be seen in Tesla's Q2 numbers, while tariffs also stung the company. Meanwhile, it will soon see an even potentially bigger headwind due to the expiration of the U.S. electric vehicle (EV) credit by the end of third-quarter 2025. Its core auto business is struggling For the second straight quarter, Tesla saw big declines in its core auto business. After a 13% drop in deliveries in the first quarter, deliveries fell by the same amount in Q2. Model 3 and Model Y deliveries decreased by 12%, while other models plunged by 52%. Tesla's auto revenue plunged 16% to $16.7 billion in the quarter. Within its auto revenue, its regulatory credits, which are pure gross margin, fell by more than half to $429 million. Not surprisingly, this affected Tesla's profitability in the quarter. Even worse for the company is that many of these regulatory credits will soon be going away. Trump's "Big Beautiful Bill" will eliminate the current federal $7,500 EV tax credit at the end of September. As a result, Musk admitted that the company could be in for a "few rough quarters" ahead. Overall, Tesla's revenue fell 12% to $22.5 billion. Its energy generation and storage revenue dropped 7% to $2.8 billion, while its service revenue climbed 17% to nearly $3.1 billion. Adjusted earnings per share sank 23% to $0.40, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) declined by 7% to $3.4 billion. Tesla's cash flow is also starting to take a hit. Its operating cash flow sank 30% to $2.5 billion, while its free cash flow cratered by 89% to $146 million. More big promises Given Tesla's poor operating results, it was not surprising that Musk and the rest of management directed the conversation toward Tesla's big bets on autonomous driving and robotics. Musk claimed that Tesla will expand its autonomous ride-hailing service to cover half of the U.S. population by the end of this year, pending regulatory approval. Now, of course, such a statement makes little sense. The company is currently only testing a small geofenced area in Austin, Texas, with safety drivers, and it has already had a number of safety issues in this small pilot. Its technology appears nowhere close to ready to be adopted in cities countrywide. But let's say, for argument's sake, that the technology and regulatory approvals work out. The company would then need hundreds of thousands of Level 4 autonomous driving vehicles on the road (not its current Level 2 vehicles). Beyond that, it would also need service and cleaning centers, as well as charging infrastructure in place to handle a fleet of that size. It would also need to have a consumer-facing platform that can handle things like pre-trip pricing, dynamic fare calculations, disputes, and refunds. There is no evidence that Tesla has any of this in place. Meanwhile, Musk continued to sing the praises of his Optimus robot, saying it will be Tesla's biggest product ever. He said Optimus 3 has an "exquisite" design with no significant flaws. He's looking to have a prototype of the new robot by the end of this year and then scale production next year. He then wants to be able to produce 1 million Optimus robots a year within five years. Once again, this seems ambitious. Amazon (NASDAQ: AMZN) is currently an AI robotics leader, and companies like Boston Dynamics have showcased robots with advanced mobility, so robots can be hugely useful. However, all Tesla has ever demonstrated is a humanoid robot that could only do carefully choreographed tasks. Today, most factory automation is done by specialized, fixed-purpose robots. The use case for a humanoid robot is still very questionable. Should investors buy the dip? Even after the stock pullback, Tesla's stock trades at a forward price-to-earnings ratio (P/E) of over 170x based on 2025 analyst estimates, while its profitable auto peers -- like Ford, General Motors, and Stellantis -- generally have multiples of 10 or less. With its core auto business struggling, this indicates that the bulk of Tesla's market cap is predicated on ambitions that may or may not pan out. Given the company's track record of overpromising and under-delivering, this is not a bet I'd make. Should you buy stock in Tesla right now? The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Tesla. The Motley Fool recommends General Motors and Stellantis. The Motley Fool has a disclosure policy. Tesla Shares Tumble. Is It Time to Buy the Dip or Run for the Hills? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
11 minutes ago
- Yahoo
Kia reports record revenues in Q2
Kia Corporation reported a 6.5% rise in revenues year-on-year to a record KRW 29.35 trillion in the second quarter of 2025, driven by strong global demand for its hybrid models, higher average selling prices (ASP) and favourable exchange rates. The South Korean automaker saw its operating profit plunge by over 24% to KRW 2.77 trillion, however, reflecting higher sales incentives and a much tougher international trade environment, following the recent US import tariff hikes. The company's operating margin was still a highly respectable 9.4%. Net profits, including non-controlling interests, fell by 23.3% to KRW 2.27 trillion. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The Insurance Savings You Expect Kia's global vehicle sales increased by 2.5% to 814,888 units in the second quarter of 2025, driven by a 14% rise in sales of electrified models to 185,000 units. Domestic sales were lifted by the recent launch of the EV4 battery-powered sedan and the Tasman pickup truck, while US sales were helped by strong demand for the Carnival Hybrid MPV and K4 sedan and sales in India were supported by the recent launch of the Syros compact SUV. Kia also reported strong growth in markets in the Middle East and Africa, while sales in Europe declined, in line with weak overall market demand and slowing Sportage uptake ahead of the launch of the Sportage PE, which is scheduled to be unveiled in the third quarter. Outlook Kia said it will continue to adopt flexible strategies to deal with the ongoing global market uncertainties, including maintaining appropriate inventory levels and demand-based production, implementing incentive strategies centered on profitability and customer value. In South Korea, the automaker will continue to focus on expanding sales of hybrid models, including hybrid versions of Sportage, Sorento and Carnival models, as well as expanding its BEV range with the launch of the EV5 and PV5 models. In the US the company will continue to focus on enhancing profitability by increasing the supply of hybrid versions of the Sportage, Sorento and Carnival models, while in Europe it plans to launch the EV4 in the third quarter. In India the company will soon introduce its first full-electric, made-in-India Carens Clavis EV, while also strengthening its dealer network. Kia said it remains committed to completing its full EV lineup by 2026, including rolling out its new EV4, EV5, and EV2 models globally. The company will continue to expand its global presence by offering more hybrid models and entering new segments, including hybrid versions of the Telluride and Seltos SUVs, which will line up alongside a growing range of PBVs and pickup trucks. "Kia reports record revenues in Q2" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Entrepreneur
12 minutes ago
- Entrepreneur
Abu Dhabi Chamber Membership Surpasses 158,000 in H1 2025, Marking 4.9% Growth
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has reported a notable 4.9% year-on-year increase in its membership base, surpassing 158,000 registered companies by the end of the first half of 2025. The growth reflects continued momentum in the emirate's business landscape, driven by both emerging and traditional sectors. According to the Chamber, membership climbed from 157,207 in September 2024 to over 158,000 by June 2025. The sharpest increases were seen in sectors such as agriculture, which recorded a 21% surge in membership, followed by arts and entertainment at 13%, and information and communication technology (ICT) and technical services at nearly 10%. Additional strong performers included water and waste management (9%), property and administrative services (8%), education (7%), transport and storage (6%), and mining and quarrying (5%). Meanwhile, more established industries such as construction, manufacturing, and financial services posted steady growth of around 2–3%. The Chamber attributed the rise in membership to Abu Dhabi's proactive business climate, sectoral diversification, and government initiatives aimed at bolstering private sector participation. "Surpassing 158,000 member companies underscores the growing confidence in Abu Dhabi as a dynamic business hub," said a spokesperson for the ADCCI. "We remain committed to supporting sustainable growth and facilitating opportunities across all sectors." The Chamber's expanding membership base signals robust economic resilience and growing investor interest in the UAE capital, aligning with the government's long-term economic vision.
