Tesla Inc (NASDAQ: TSLA) enjoyed the non-existent EV competitive landscape for quite a while as legacy automakers such as General Motors (NYSE: GM) and Ford Motor (NYSE: F) struggled to evolve. But then, China’s leading EV maker, came to the scene and turned Tesla’s world upside down. When it showed its new model back in 2007, BYD Company Limited (OTC: BYDDY) was a laughingstock. But, no one is laughing at BYD now who went far from being a battery manufacturer with a poor attempt of making a car
Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. GM, ATGE, UNM KBH boast a low P/CF ratio.
U.S. automaker General Motors on Monday unveiled its luxury electric Cadillac Lyriq in France, an expansion of its market in Europe after returning last year and a test of whether online-only sales will attract wealthy car buyers. In October GM announced it was launching sales in Switzerland, the first step in an all-electric return to European markets since selling off the Opel and Vauxhall brands in 2017. Unlike in its home market where it relies on a large dealer network, European customers can customise and purchase their Cadillac EVs entirely online.