Price Forecast:

Bullish Case: BYD's strong quarterly performance, surpassing Tesla in revenue, paired with positive market sentiment from the EU-China negotiations on EVs, supports a bullish outlook. Continued demand in international markets could further augment growth, particularly with hybrid vehicles gaining popularity.

Bearish Case: Despite BYD's current success, potential regulatory challenges and competitive pressures from European EV tariffs could dampen future growth. Increasing volatility in the EV market, alongside overarching economic uncertainty, presents potential headwinds for BYD's stock.

Potential Outcomes:

1. Strong demand for BYD vehicles with a 40% probability as positive sales trends continue.

2. Regulatory challenges from the EU with a 35% probability impacting growth.

3. Stagnation in sales due to higher competition risks at 25% probability.

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November 03, 2024