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- BYD Surpasses Tesla in Sales, Profit, and Market Momentum
BYD Surpasses Tesla in Sales, Profit, and Market Momentum
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
BYD Surpasses Tesla in Sales, Profit, and Market Momentum
BYD outpaced Tesla in BEV sales for the second straight quarter and posted $1.26B in Q1 net income, topping Tesla’s $934M. BYD stock is up 75% YTD on global expansion and tech advances, while Tesla shares remain down 16%, rebounding on robotaxi hopes.
US new home sales hit 3-year high as builders cut prices
New US home sales rose 10.9% in April to 743,000 units, a 3-year high, as builders slashed prices. Median prices fell 2% YoY to $407,200. Despite the surge, high mortgage rates (6.86%) and weak economic signals suggest housing demand may soften in H2 2025.
Inflation, Fed Signals, and Nvidia Earnings Dominate Week
Investors await April’s PCE inflation data, Fed minutes, GDP revision, and consumer sentiment. Key earnings include Nvidia, Dell, Costco, and Salesforce. Fed officials Waller, Williams, Daly, and Goolsbee are also scheduled to speak.
🪙 Crypto
Bitcoin rallies as bond market turmoil deepens
Bitcoin rose to $109,529 amid surging U.S. and Japanese bond yields, signaling investor distrust in sovereign debt. 30-year U.S. yields hit 5.15%, Japan’s hit 3.1%. Institutional flows into spot BTC ETFs pushed AUM past $104B, highlighting Bitcoin’s shift to a store-of-value asset.
🌎 Global Economy
Supreme Court Power Shift Raises Risk Premium on U.S. Assets
Jefferies warns the Supreme Court's backing of broader presidential power—via support for the Unitary Executive Theory—may erode investor confidence in U.S. assets, raising risk premiums and weakening perceptions of American exceptionalism in global markets.
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