English => News => Topic started by: Redaktion on October 18, 2023, 19:44:32
Title: BYD to report higher Q3 profit margin than Tesla as Model 3 and Model Y price cuts bite earnings
Post by: Redaktion on October 18, 2023, 19:44:32
Tesla's Q3 earnings would reveal a gross margin of just 19%, down from 28% a year before. Meanwhile, its main competitor BYD previewed earnings that may be up to 70% higher compared to the previous quarter.