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☆ A Chinese smartphone maker is breaking into EVs and challenging Tesla. How the stock rates now.
▼ + stars: | 2024-04-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Just as the auto industry was grappling with BYD 's rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player. Meanwhile, Tesla last week revealed that its deliveries fell in the first quarter from a year ago . While he still likes Tesla longer-term , he and his team will hold a client webinar on Xiaomi, Tesla and global EVs on Tuesday. Xiaomi shares nearly reached that price during last week's surge. Meanwhile, Tesla shares are down 34% year to date.

Persons: BYD, Tesla, Lei Jun, Xiaomi, Morgan Stanley, Adam Jonas, Jonas, Morgan, Andy Meng, Meng, Taylor Ogan, Lei, Ogan, BEV, Nick Lai, Gokul Hariharan, Janet Yellen, overcapacity Organizations: Apple, Hong, Snow Bull, EV, JPMorgan, Treasury Locations: Hong Kong, China, Shenzhen, U.S

☆ Tesla now has a clear China EV competitor. What’s next for BYD?
▼ + stars: | 2024-01-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bernstein didn't even initiate coverage of BYD until September, with an outperform rating and price target of 359 Hong Kong dollars. BYD trades in Hong Kong, and on the Shenzhen exchange in mainland China. "I'm a long observer and investor in Tesla," Ogan said. "What I think will tip BYD like the volumes tipped Tesla is when people start realizing BYD is an energy company," Ogan said. Nomura's China autos and auto parts analyst Joel Ying likes BYD with an even higher price target of 382 Hong Kong dollars.

Persons: BYD, Bernstein didn't, Warren Buffett's Berkshire Hathaway, Taylor Ogan, Ogan, Tesla, Xiao Feng, CLSA, Joel Ying, Ying, Xiaomi's SU7, That's, — CNBC's Michael Bloom Organizations: Hong, Snow Bull, Nasdaq, Elon Musk's, HK, Hesai Tech Locations: Hong Kong, Norway, Brazil, China, Shenzhen, Asia, Europe, North America, U.S, Inovance, Ningbo Tuopu

☆ Alibaba is doubling down on A.I. — Chinese stocks to watch
▼ + stars: | 2023-08-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Where to play it Where HSBC analysts are looking is in Chinese AI hardware stocks. Its customers also include Nvidia and U.S. and Chinese cloud companies. Based on in-person company visits — which revealed about a third had "lousy management" and not investable — he's decided to focus on Chinese AI and green energy companies. His watchlist of about 90 Chinese AI companies has more than doubled in value this year, Ogan said, noting his firm only owns a handful. However, publicly disclosed figures show the AI company only made net revenue of $48.2 million in 2022, with a net loss of $6 million.

Persons: They're, Tencent, Ernie chatbot, Frank He, Innolight, FII, Taylor Ogan, — he's, Ogan, Yuan Hui, Xiao, That's, Yuan, —, China's, Hua Zang, chatbot Organizations: Baidu, HSBC, HSBC Qianhai, Nvidia, Microsoft, Google, Biden, Snow Bull, Nasdaq, IDG Locations: China, Suzhou, Friday's, U.S, Shenzhen, Shanghai, Beijing

☆ Tesla steps up job ads as recession clouds gather
▼ + stars: | 2022-10-17 | by ( Noel Randewich | ) www.reuters.com time to read: +4 min

While the job ads provide a valuable glimpse of potential trends at Wall Street's most closely scrutinized automaker, it is difficult to draw specific conclusions. Tesla did not respond to a request for comment about the job ads. About three-quarters of job ads on Tesla's website are for U.S. positions, followed by Germany, site of a new factory, and Canada. Tesla's U.S. job ads are concentrated in California, Texas and Nevada, where it has plants and offices. Tesla employee levels surge vs FordThe steady growth in Tesla's job ads in recent months comes as almost 90% of global CEOs surveyed by KPMG expect a recession over the next 12 months, with nearly half weighing job cuts.

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