BYD: Solid EV Company Let Down By Challenging Times

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BAY ISMOYO/AFP via Getty Images Despite trumping electric vehicles [EVs] biggie Tesla, Inc. (TSLA) to become the biggest EV seller in 2023, China’s BYD Company Limited (OTCPK:BYDDF) hasn’t seen positive price movements in recent times. It’s down by ~13% year-to-date [YTD], and its fall over the past year has been even bigger (see chart below). Price Chart (Source: Seeking Alpha) Plenty of reasons explain the price decline. From the latest developments at the company and the broader EV and macroeconomic environment, there's a lot to unpack here. But the bigger question is whether there are arguments for a price rise...