BYD Co

Elon Musk’s Tesla loses US$94 billion in market valuation as winter sets in for global electric vehicle market

by

Tesla had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle (EV) maker off to its worst start to any year – ever. The company has lost more than US$94 billion in market valuation in just the first two … Read more

China price wars help spark US$157 billion rout in mainland consumer stocks as Alibaba, Yum China and BYD drag the market

by

Gauges of consumer stocks have been the worst performers on the MSCI China Index since the end of September, after the real estate measure. The aggregate market value of companies included in the two consumer indexes has fallen by about US$157 billion since. Consumer stocks have been the worst performers on the MSCI China Index … Read more